SEMA TWIN: 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 TWIN
Largest movements
- Tangible fixed assets -€20,997
down €20,997 (-31.7%), from €66,219 to €45,221
of which Furniture and vehicles: -€19,820
- Receivables within one year +€14,923
up €14,923 (+162%), from €9,222 to €24,145
of which Trade receivables: +€12,393
- Cash -€2,014
down €2,014 (-35.0%), from €5,753 to €3,739
mainly Receivables within one year (-€14,923) and Short-term financial debts (-€8,722)
- Short-term financial debts -€8,722
down €8,722 (-48.9%), from €17,824 to €9,101
- Profit (loss) carried forward +€2,614
up €2,614 (+11.8%), from €22,233 to €24,847
- Trade debts -€1,690
down €1,690 (-47.3%), from €3,570 to €1,879
- Depreciation +€10,104
up €10,104 (+92.8%), from €10,893 to €20,997
- Gross operating margin +€8,859
up €8,859 (+40.2%), from €22,044 to €30,902
- Taxes +€2,140
up €2,140 (+87.4%), from €2,448 to €4,588
- Financial charges +€1,561
up €1,561 (+180%), from €870 to €2,431
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 | €81,193 | €73,105 | -€8,088 | -10.0% |
| Fixed assets | 21/28 | €66,219 | €45,221 | -€20,997 | -31.7% |
| Tangible fixed assets | 22/27 | €66,219 | €45,221 | -€20,997 | -31.7% |
| Plant, machinery and equipment | 23 | €1,559 | €382 | -€1,177 | -75.5% |
| Furniture and vehicles | 24 | €64,659 | €44,839 | -€19,820 | -30.7% |
| Current assets | 29/58 | €14,975 | €27,884 | +€12,909 | +86.2% |
| Amounts receivable within one year | 40/41 | €9,222 | €24,145 | +€14,923 | +162% |
| Trade receivables | 40 | €6,324 | €18,717 | +€12,393 | +196% |
| Other amounts receivable | 41 | €2,898 | €5,428 | +€2,530 | +87.3% |
| Cash at bank and in hand | 54/58 | €5,753 | €3,739 | -€2,014 | -35.0% |
| Total equity and liabilities | 10/49 | €81,193 | €73,105 | -€8,088 | -10.0% |
| Equity | 10/15 | €27,233 | €29,847 | +€2,614 | +9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,233 | €24,847 | +€2,614 | +11.8% |
| Amounts payable | 17/49 | €53,960 | €43,258 | -€10,702 | -19.8% |
| Amounts payable after more than one year | 17 | €27,119 | €27,119 | = | 0.0% |
| Financial debts | 170/4 | €27,119 | €27,119 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,841 | €16,139 | -€10,702 | -39.9% |
| Financial debts | 43 | €17,824 | €9,101 | -€8,722 | -48.9% |
| Credit institutions | 430/8 | €17,824 | €9,101 | -€8,722 | -48.9% |
| Trade debts | 44 | €3,570 | €1,879 | -€1,690 | -47.3% |
| Suppliers | 440/4 | €3,570 | €1,879 | -€1,690 | -47.3% |
| Taxes, remuneration and social security | 45 | €5,448 | €5,158 | -€290 | -5.3% |
| Taxes | 450/3 | €2,448 | €4,588 | +€2,140 | +87.4% |
| Remuneration and social security | 454/9 | €3,000 | €571 | -€2,429 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,893 | €20,997 | +€10,104 | +92.8% |
| Other operating charges | 640/8 | €516 | €273 | -€242 | -47.0% |
| Gross operating margin | 9900 | €22,044 | €30,902 | +€8,859 | +40.2% |
| Operating profit (loss) | 9901 | €10,635 | €9,632 | -€1,003 | -9.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €870 | €2,431 | +€1,561 | +180% |
| Recurring financial charges | 65 | €870 | €2,431 | +€1,561 | +180% |
| Profit (loss) for the period before taxes | 9903 | €9,765 | €7,202 | -€2,563 | -26.3% |
| Income taxes | 67/77 | €2,448 | €4,588 | +€2,140 | +87.4% |
| Profit (loss) for the period | 9904 | €7,317 | €2,614 | -€4,703 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,317 | €2,614 | -€4,703 | -64.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.