SEMPST: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SEMPST
Largest movements
- Cash -€116,968
down €116,968 (-99.9%), from €117,129 to €161
mainly Deferred charges and accrued income (-€94,613) and Receivables within one year (-€78,466)
- Deferred charges and accrued income +€94,613
up €94,613 (+38.8%), from €243,613 to €338,226
- Receivables within one year +€78,466
up €78,466 (+5.9%), from €1.3m to €1.4m
of which Trade receivables: +€86,394
- Intangible fixed assets -€55,981
no longer reported in 2025 (was €55,981)
- Tangible fixed assets -€51,049
down €51,049 (-13.5%), from €379,339 to €328,289
of which Furniture and vehicles: -€45,376
- Debts after one year -€43,879
down €43,879 (-10.5%), from €419,602 to €375,723
- Gross operating margin -€30,737
down €30,737 (-29.9%), from €102,739 to €72,002
- Financial charges -€9,151
down €9,151 (-13.6%), from €67,147 to €57,996
- Depreciation +€4,393
up €4,393 (+4.3%), from €101,127 to €105,520
- Financial income +€2,327
up €2,327 (+2.5%), from €93,464 to €95,791
- Other operating charges +€1,326
up €1,326 (+1081.2%), from €123 to €1,449
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,109,312 | €3,058,393 | -€50,919 | -1.6% |
| Fixed assets | 21/28 | €953,194 | €846,163 | -€107,031 | -11.2% |
| Intangible fixed assets | 21 | €55,981 | - | -€55,981 | |
| Tangible fixed assets | 22/27 | €379,339 | €328,289 | -€51,049 | -13.5% |
| Land and buildings | 22 | €108,361 | €105,361 | -€3,000 | -2.8% |
| Plant, machinery and equipment | 23 | €1,471 | €597 | -€874 | -59.4% |
| Furniture and vehicles | 24 | €258,160 | €212,783 | -€45,376 | -17.6% |
| Other tangible fixed assets | 26 | €11,347 | €9,548 | -€1,799 | -15.9% |
| Financial fixed assets | 28 | €517,874 | €517,874 | = | 0.0% |
| Current assets | 29/58 | €2,156,119 | €2,212,230 | +€56,112 | +2.6% |
| Amounts receivable after more than one year | 29 | €460,000 | €460,000 | = | 0.0% |
| Other amounts receivable | 291 | €460,000 | €460,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,335,377 | €1,413,843 | +€78,466 | +5.9% |
| Trade receivables | 40 | €33,396 | €119,790 | +€86,394 | +258.7% |
| Other amounts receivable | 41 | €1,301,981 | €1,294,053 | -€7,928 | -0.6% |
| Cash at bank and in hand | 54/58 | €117,129 | €161 | -€116,968 | -99.9% |
| Deferred charges and accrued income | 490/1 | €243,613 | €338,226 | +€94,613 | +38.8% |
| Total equity and liabilities | 10/49 | €3,109,312 | €3,058,393 | -€50,919 | -1.6% |
| Equity | 10/15 | €2,207,413 | €2,208,216 | +€803 | 0.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,207,413 | €1,208,216 | +€803 | +0.1% |
| Tax-exempt reserves | 132 | €21,768 | €21,768 | = | 0.0% |
| Distributable reserves | 133 | €1,185,645 | €1,186,448 | +€803 | +0.1% |
| Amounts payable | 17/49 | €901,900 | €850,177 | -€51,722 | -5.7% |
| Amounts payable after more than one year | 17 | €419,602 | €375,723 | -€43,879 | -10.5% |
| Financial debts | 170/4 | €419,602 | €375,723 | -€43,879 | -10.5% |
| Amounts payable within one year | 42/48 | €430,299 | €405,617 | -€24,682 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €72,321 | €43,879 | -€28,443 | -39.3% |
| Trade debts | 44 | €7,992 | €7,409 | -€583 | -7.3% |
| Suppliers | 440/4 | €7,992 | €7,409 | -€583 | -7.3% |
| Taxes, remuneration and social security | 45 | €10,184 | €11,132 | +€947 | +9.3% |
| Taxes | 450/3 | €10,184 | €11,132 | +€947 | +9.3% |
| Other amounts payable | 47/48 | €339,801 | €343,198 | +€3,397 | +1.0% |
| Accrued charges and deferred income | 492/3 | €51,999 | €68,837 | +€16,838 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,127 | €105,520 | +€4,393 | +4.3% |
| Other operating charges | 640/8 | €123 | €1,449 | +€1,326 | +1081.2% |
| Non-recurring operating charges | 66A | €13,589 | €1,425 | -€12,164 | -89.5% |
| Gross operating margin | 9900 | €102,739 | €72,002 | -€30,737 | -29.9% |
| Operating profit (loss) | 9901 | -€12,101 | -€36,392 | -€24,292 | -200.7% |
| Financial income | 75/76B | €93,464 | €95,791 | +€2,327 | +2.5% |
| Recurring financial income | 75 | €93,464 | €95,791 | +€2,327 | +2.5% |
| Financial charges | 65/66B | €67,147 | €57,996 | -€9,151 | -13.6% |
| Recurring financial charges | 65 | €67,147 | €57,996 | -€9,151 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €14,217 | €1,403 | -€12,813 | -90.1% |
| Income taxes | 67/77 | €605 | €600 | -€5 | -0.8% |
| Profit (loss) for the period | 9904 | €13,611 | €803 | -€12,808 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,611 | €803 | -€12,808 | -94.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.