Sem Infra: what changed
Two financial 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.
Sem Infra
Largest movements
- Receivables after one year +€14,037
up €14,037 (+48.3%), from €29,033 to €43,070
- Receivables within one year -€8,609
down €8,609 (-44.8%), from €19,223 to €10,614
of which Trade receivables: -€10,786
- Cash -€3,228
no longer reported in 2024 (was €3,228)
mainly Receivables after one year (-€14,037) and Trade debts (-€6,766)
- Advances received +€8,500
new in 2024: €8,500
- Trade debts -€6,766
down €6,766 (-51.4%), from €13,175 to €6,409
- Tax, wage and social debts -€1,239
down €1,239 (-89.5%), from €1,384 to €145
- Short-term financial debts +€1,170
new in 2024: €1,170
- Gross operating margin +€11,558
up €11,558 (+427%), from €2,704 to €14,262
- Financial charges +€9,770
up €9,770 (+956%), from €1,022 to €10,792
of which Non-recurring financial charges: +€9,741
- Other operating charges +€2,755
up €2,755 (+280%), from €983 to €3,738
- Financial income +€948
new in 2024: €948
of which Financial income: +€948
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,020 | €55,220 | +€2,200 | +4.1% |
| Fixed assets | 21/28 | €1,536 | €1,536 | = | 0.0% |
| Financial fixed assets | 28 | €1,536 | €1,536 | = | 0.0% |
| Current assets | 29/58 | €51,484 | €53,684 | +€2,200 | +4.3% |
| Amounts receivable after more than one year | 29 | €29,033 | €43,070 | +€14,037 | +48.3% |
| Other amounts receivable | 291 | €29,033 | €43,070 | +€14,037 | +48.3% |
| Amounts receivable within one year | 40/41 | €19,223 | €10,614 | -€8,609 | -44.8% |
| Trade receivables | 40 | €10,786 | - | -€10,786 | |
| Other amounts receivable | 41 | €8,437 | €10,614 | +€2,177 | +25.8% |
| Cash at bank and in hand | 54/58 | €3,228 | - | -€3,228 | |
| Total equity and liabilities | 10/49 | €53,020 | €55,220 | +€2,200 | +4.1% |
| Equity | 10/15 | €38,461 | €38,996 | +€535 | +1.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,961 | €36,496 | +€535 | +1.5% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €35,711 | €36,246 | +€535 | +1.5% |
| Amounts payable | 17/49 | €14,559 | €16,224 | +€1,665 | +11.4% |
| Amounts payable within one year | 42/48 | €14,559 | €16,224 | +€1,665 | +11.4% |
| Financial debts | 43 | - | €1,170 | +€1,170 | |
| Credit institutions | 430/8 | - | €1,170 | +€1,170 | |
| Trade debts | 44 | €13,175 | €6,409 | -€6,766 | -51.4% |
| Suppliers | 440/4 | €13,175 | €6,409 | -€6,766 | -51.4% |
| Advances received on contracts in progress | 46 | - | €8,500 | +€8,500 | |
| Taxes, remuneration and social security | 45 | €1,384 | €145 | -€1,239 | -89.5% |
| Taxes | 450/3 | €1,384 | €145 | -€1,239 | -89.5% |
| Other operating charges | 640/8 | €983 | €3,738 | +€2,755 | +280% |
| Gross operating margin | 9900 | €2,704 | €14,262 | +€11,558 | +427% |
| Operating profit (loss) | 9901 | €1,721 | €10,524 | +€8,803 | +512% |
| Financial income | 75/76B | - | €948 | +€948 | |
| Recurring financial income | 75 | - | €948 | +€948 | |
| Non-recurring financial income | 76B | - | €948 | +€948 | |
| Financial charges | 65/66B | €1,022 | €10,792 | +€9,770 | +956% |
| Recurring financial charges | 65 | €1,022 | €1,051 | +€29 | +2.8% |
| Non-recurring financial charges | 66B | - | €9,741 | +€9,741 | |
| Profit (loss) for the period before taxes | 9903 | €699 | €680 | -€19 | -2.7% |
| Income taxes | 67/77 | €183 | €145 | -€38 | -20.8% |
| Profit (loss) for the period | 9904 | €516 | €535 | +€19 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €516 | €535 | +€19 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.