SEMACO INTERNATIONAL: 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.
SEMACO INTERNATIONAL
Largest movements
- Tangible fixed assets -€24,552
down €24,552 (-4.0%), from €610,783 to €586,232
of which Land and buildings: -€17,848
- Receivables within one year +€12,570
up €12,570 (+132.2%), from €9,506 to €22,076
- Debts after one year -€40,267
down €40,267 (-7.7%), from €526,328 to €486,061
of which Financial debts: -€31,651
- Reserves +€17,205
up €17,205 (+539.4%), from €3,190 to €20,395
- Gross operating margin +€31,640
up €31,640 (+46.1%), from €68,644 to €100,284
- Staff costs +€29,371
up €29,371 (+410.2%), from €7,160 to €36,531
- Taxes +€7,645
up €7,645 (+2397.0%), from €319 to €7,964
- Financial charges +€2,673
up €2,673 (+27.8%), from €9,618 to €12,292
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.
Cash bridge derived
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 | €664,835 | €647,409 | -€17,426 | -2.6% |
| Fixed assets | 21/28 | €610,783 | €586,232 | -€24,552 | -4.0% |
| Tangible fixed assets | 22/27 | €610,783 | €586,232 | -€24,552 | -4.0% |
| Land and buildings | 22 | €588,471 | €570,623 | -€17,848 | -3.0% |
| Plant, machinery and equipment | 23 | €9,969 | €8,358 | -€1,611 | -16.2% |
| Furniture and vehicles | 24 | €3,280 | €1,146 | -€2,134 | -65.1% |
| Other tangible fixed assets | 26 | €9,063 | €6,105 | -€2,958 | -32.6% |
| Current assets | 29/58 | €54,052 | €61,177 | +€7,126 | +13.2% |
| Amounts receivable within one year | 40/41 | €9,506 | €22,076 | +€12,570 | +132.2% |
| Trade receivables | 40 | €9,506 | €22,076 | +€12,570 | +132.2% |
| Cash at bank and in hand | 54/58 | €28,479 | €26,989 | -€1,490 | -5.2% |
| Deferred charges and accrued income | 490/1 | €16,066 | €12,113 | -€3,954 | -24.6% |
| Total equity and liabilities | 10/49 | €664,835 | €647,409 | -€17,426 | -2.6% |
| Equity | 10/15 | €63,190 | €80,395 | +€17,205 | +27.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €3,190 | €20,395 | +€17,205 | +539.4% |
| Distributable reserves | 133 | €3,190 | €20,395 | +€17,205 | +539.4% |
| Amounts payable | 17/49 | €601,645 | €567,014 | -€34,631 | -5.8% |
| Amounts payable after more than one year | 17 | €526,328 | €486,061 | -€40,267 | -7.7% |
| Financial debts | 170/4 | €378,229 | €346,578 | -€31,651 | -8.4% |
| Other amounts payable | 178/9 | €148,099 | €139,483 | -€8,616 | -5.8% |
| Amounts payable within one year | 42/48 | €58,696 | €62,675 | +€3,979 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €42,053 | €42,742 | +€689 | +1.6% |
| Trade debts | 44 | €2,437 | €1,933 | -€504 | -20.7% |
| Suppliers | 440/4 | €2,437 | €1,933 | -€504 | -20.7% |
| Taxes, remuneration and social security | 45 | €12,205 | €14,889 | +€2,683 | +22.0% |
| Taxes | 450/3 | €11,708 | €9,856 | -€1,852 | -15.8% |
| Remuneration and social security | 454/9 | €497 | €5,032 | +€4,535 | +912.7% |
| Other amounts payable | 47/48 | €2,001 | €3,110 | +€1,110 | +55.5% |
| Accrued charges and deferred income | 492/3 | €16,621 | €18,278 | +€1,657 | +10.0% |
| Remuneration, social security and pensions | 62 | €7,160 | €36,531 | +€29,371 | +410.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,545 | €24,552 | +€7 | 0.0% |
| Other operating charges | 640/8 | €1,118 | €1,983 | +€865 | +77.4% |
| Gross operating margin | 9900 | €68,644 | €100,284 | +€31,640 | +46.1% |
| Operating profit (loss) | 9901 | €35,822 | €37,219 | +€1,396 | +3.9% |
| Financial income | 75/76B | €367 | €243 | -€124 | -33.8% |
| Recurring financial income | 75 | €367 | €243 | -€124 | -33.8% |
| Financial charges | 65/66B | €9,618 | €12,292 | +€2,673 | +27.8% |
| Recurring financial charges | 65 | €9,618 | €12,292 | +€2,673 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €26,571 | €25,170 | -€1,401 | -5.3% |
| Income taxes | 67/77 | €319 | €7,964 | +€7,645 | +2397.0% |
| Profit (loss) for the period | 9904 | €26,252 | €17,205 | -€9,047 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,252 | €17,205 | -€9,047 | -34.5% |
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 11 October 2026 via checked.be.