SEM TRANS: 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.
SEM TRANS
Largest movements
- Receivables within one year +€18,921
up €18,921 (+87.2%), from €21,699 to €40,621
- Cash +€1,025
up €1,025 (+36.6%), from €2,803 to €3,828
mainly Debts within one year (+€16,556) and Net result for the year (+€3,390)
- Debts within one year +€16,556
up €16,556 (+129.2%), from €12,814 to €29,370
- Reserves +€1,860
new in 2020: €1,860
- Profit (loss) carried forward +€1,530
up €1,530 (+16.6%), from €9,222 to €10,752
- Gross operating margin -€10,239
down €10,239 (-75.1%), from €13,629 to €3,390
- Depreciation -€2,767
no longer reported in 2020 (was €2,767)
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,236 | €48,182 | +€19,947 | +70.6% |
| Fixed assets | 21/28 | €3,733 | €3,733 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,733 | €3,733 | = | 0.0% |
| Current assets | 29/58 | €24,503 | €44,449 | +€19,947 | +81.4% |
| Amounts receivable within one year | 40/41 | €21,699 | €40,621 | +€18,921 | +87.2% |
| Cash at bank and in hand | 54/58 | €2,803 | €3,828 | +€1,025 | +36.6% |
| Total equity and liabilities | 10/49 | €28,236 | €48,182 | +€19,947 | +70.6% |
| Equity | 10/15 | €15,422 | €18,812 | +€3,390 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €9,222 | €10,752 | +€1,530 | +16.6% |
| Amounts payable | 17/49 | €12,814 | €29,370 | +€16,556 | +129.2% |
| Amounts payable within one year | 42/48 | €12,814 | €29,370 | +€16,556 | +129.2% |
| Trade debts | 44 | €7,183 | €7,014 | -€169 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,767 | - | -€2,767 | |
| Gross operating margin | 9900 | €13,629 | €3,390 | -€10,239 | -75.1% |
| Operating profit (loss) | 9901 | €9,222 | €3,390 | -€5,832 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €9,222 | €3,390 | -€5,832 | -63.2% |
| Profit (loss) for the period | 9904 | €9,222 | €3,390 | -€5,832 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,222 | €3,390 | -€5,832 | -63.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2019 and 30 September 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.