SEMA GROUP: 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.
SEMA GROUP
Largest movements
- Receivables within one year +€92,969
up €92,969 (+84.2%), from €110,432 to €203,400
of which Trade receivables: +€83,789
- Deferred charges and accrued income -€2,540
no longer reported in 2024 (was €2,540)
- Short-term financial debts +€28,699
up €28,699 (+35.0%), from €82,026 to €110,725
- Other debts +€24,000
new in 2024: €24,000
- Profit (loss) carried forward +€20,280
up €20,280, from -€12,738 to €7,542
- Trade debts +€19,487
up €19,487 (+1424.6%), from €1,368 to €20,854
- Gross operating margin -€14,856
down €14,856 (-17.0%), from €87,263 to €72,407
- Taxes -€11,220
down €11,220 (-52.9%), from €21,217 to €9,997
- Financial charges -€1,956
down €1,956 (-15.2%), from €12,823 to €10,868
- Other operating charges +€1,079
up €1,079 (+20.7%), from €5,224 to €6,303
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,632 | €210,348 | +€90,716 | +75.8% |
| Fixed assets | 21/28 | €6,660 | €6,947 | +€287 | +4.3% |
| Tangible fixed assets | 22/27 | €4,560 | €4,847 | +€287 | +6.3% |
| Furniture and vehicles | 24 | €2,745 | €2,087 | -€657 | -24.0% |
| Other tangible fixed assets | 26 | €1,815 | €2,760 | +€944 | +52.0% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €112,972 | €203,400 | +€90,429 | +80.0% |
| Amounts receivable within one year | 40/41 | €110,432 | €203,400 | +€92,969 | +84.2% |
| Trade receivables | 40 | €29,523 | €113,311 | +€83,789 | +283.8% |
| Other amounts receivable | 41 | €80,909 | €90,089 | +€9,180 | +11.3% |
| Deferred charges and accrued income | 490/1 | €2,540 | - | -€2,540 | |
| Total equity and liabilities | 10/49 | €119,632 | €210,348 | +€90,716 | +75.8% |
| Equity | 10/15 | €5,862 | €26,142 | +€20,280 | +346.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,738 | €7,542 | +€20,280 | |
| Amounts payable | 17/49 | €113,770 | €184,206 | +€70,435 | +61.9% |
| Amounts payable within one year | 42/48 | €113,770 | €184,206 | +€70,435 | +61.9% |
| Financial debts | 43 | €82,026 | €110,725 | +€28,699 | +35.0% |
| Credit institutions | 430/8 | €82,026 | €110,725 | +€28,699 | +35.0% |
| Trade debts | 44 | €1,368 | €20,854 | +€19,487 | +1424.6% |
| Suppliers | 440/4 | €1,368 | €20,854 | +€19,487 | +1424.6% |
| Taxes, remuneration and social security | 45 | €30,376 | €28,626 | -€1,750 | -5.8% |
| Taxes | 450/3 | €30,376 | €28,626 | -€1,750 | -5.8% |
| Other amounts payable | 47/48 | - | €24,000 | +€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558 | €966 | +€408 | +73.0% |
| Other operating charges | 640/8 | €5,224 | €6,303 | +€1,079 | +20.7% |
| Gross operating margin | 9900 | €87,263 | €72,407 | -€14,856 | -17.0% |
| Operating profit (loss) | 9901 | €81,481 | €65,138 | -€16,343 | -20.1% |
| Financial income | 75/76B | €30 | €6 | -€24 | -78.7% |
| Recurring financial income | 75 | €30 | €6 | -€24 | -78.7% |
| Financial charges | 65/66B | €12,823 | €10,868 | -€1,956 | -15.2% |
| Recurring financial charges | 65 | €12,823 | €10,868 | -€1,956 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €68,688 | €54,277 | -€14,411 | -21.0% |
| Income taxes | 67/77 | €21,217 | €9,997 | -€11,220 | -52.9% |
| Profit (loss) for the period | 9904 | €47,471 | €44,280 | -€3,191 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,471 | €44,280 | -€3,191 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.