Sema Kweli: 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 Kweli
Largest movements
- Cash +€22,802
up €22,802 (+45.9%), from €49,713 to €72,515
mainly Net result for the year (+€17,485) and Tax, wage and social debts (+€10,627)
- Receivables within one year -€3,947
down €3,947 (-35.8%), from €11,011 to €7,064
- Profit (loss) carried forward +€17,485
up €17,485 (+54.5%), from €32,065 to €49,550
- Tax, wage and social debts +€10,627
up €10,627 (+97.7%), from €10,878 to €21,505
- Trade debts -€9,435
down €9,435 (-66.9%), from €14,094 to €4,660
- Gross operating margin -€17,766
down €17,766 (-42.0%), from €42,299 to €24,533
- Taxes -€3,427
down €3,427 (-37.8%), from €9,059 to €5,632
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.
Derived cash bridge
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 | €61,447 | €80,413 | +€18,966 | +30.9% |
| Fixed assets | 21/28 | €723 | €834 | +€111 | +15.3% |
| Tangible fixed assets | 22/27 | €723 | €834 | +€111 | +15.3% |
| Furniture and vehicles | 24 | €723 | €834 | +€111 | +15.3% |
| Current assets | 29/58 | €60,724 | €79,580 | +€18,855 | +31.1% |
| Amounts receivable within one year | 40/41 | €11,011 | €7,064 | -€3,947 | -35.8% |
| Trade receivables | 40 | €11,011 | €7,064 | -€3,947 | -35.8% |
| Cash at bank and in hand | 54/58 | €49,713 | €72,515 | +€22,802 | +45.9% |
| Total equity and liabilities | 10/49 | €61,447 | €80,413 | +€18,966 | +30.9% |
| Equity | 10/15 | €35,065 | €52,550 | +€17,485 | +49.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,065 | €49,550 | +€17,485 | +54.5% |
| Amounts payable | 17/49 | €26,383 | €27,863 | +€1,480 | +5.6% |
| Amounts payable within one year | 42/48 | €26,383 | €27,863 | +€1,480 | +5.6% |
| Trade debts | 44 | €14,094 | €4,660 | -€9,435 | -66.9% |
| Suppliers | 440/4 | €14,094 | €4,660 | -€9,435 | -66.9% |
| Taxes, remuneration and social security | 45 | €10,878 | €21,505 | +€10,627 | +97.7% |
| Taxes | 450/3 | €10,878 | €21,505 | +€10,627 | +97.7% |
| Other amounts payable | 47/48 | €1,411 | €1,699 | +€288 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €426 | +€405 | +1,960% |
| Non-recurring operating charges | 66A | €125 | - | -€125 | |
| Gross operating margin | 9900 | €42,299 | €24,533 | -€17,766 | -42.0% |
| Operating profit (loss) | 9901 | €42,153 | €24,108 | -€18,046 | -42.8% |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €1,030 | €1,084 | +€54 | +5.2% |
| Recurring financial charges | 65 | €1,030 | €1,084 | +€54 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €41,123 | €23,117 | -€18,006 | -43.8% |
| Income taxes | 67/77 | €9,059 | €5,632 | -€3,427 | -37.8% |
| Profit (loss) for the period | 9904 | €32,065 | €17,485 | -€14,579 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,065 | €17,485 | -€14,579 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.