SEMACON: 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.
SEMACON
Largest movements
- Cash +€64,757
up €64,757 (+38.4%), from €168,714 to €233,472
mainly Net result for the year (+€32,486) and Receivables within one year (+€27,587)
- Receivables within one year -€27,587
down €27,587 (-51.5%), from €53,609 to €26,022
of which Trade receivables: -€24,276
- Tangible fixed assets -€12,913
down €12,913 (-23.1%), from €55,997 to €43,084
of which Furniture and vehicles: -€12,245
- Deferred charges and accrued income -€6,470
down €6,470 (-84.0%), from €7,704 to €1,233
- Reserves +€14,861
up €14,861 (+7.9%), from €187,780 to €202,642
of which Distributable reserves: +€14,861
- Other debts +€12,083
up €12,083 (+48.3%), from €25,033 to €37,116
- Debts after one year -€8,223
down €8,223 (-28.9%), from €28,474 to €20,251
- Tax, wage and social debts +€6,546
up €6,546 (+36.1%), from €18,152 to €24,698
- Trade debts -€5,608
down €5,608 (-62.0%), from €9,043 to €3,435
- Gross operating margin +€19,351
up €19,351 (+45.4%), from €42,659 to €62,009
- Depreciation +€4,532
up €4,532 (+51.6%), from €8,783 to €13,315
- Taxes +€4,255
up €4,255 (+45.6%), from €9,322 to €13,577
- Other operating charges -€1,775
down €1,775 (-59.1%), from €3,004 to €1,229
- Financial charges +€1,002
up €1,002 (+54.2%), from €1,850 to €2,852
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 | €286,024 | €303,811 | +€17,787 | +6.2% |
| Fixed assets | 21/28 | €55,997 | €43,084 | -€12,913 | -23.1% |
| Tangible fixed assets | 22/27 | €55,997 | €43,084 | -€12,913 | -23.1% |
| Plant, machinery and equipment | 23 | €2,512 | €1,844 | -€668 | -26.6% |
| Furniture and vehicles | 24 | €53,485 | €41,240 | -€12,245 | -22.9% |
| Current assets | 29/58 | €230,027 | €260,727 | +€30,700 | +13.3% |
| Amounts receivable within one year | 40/41 | €53,609 | €26,022 | -€27,587 | -51.5% |
| Trade receivables | 40 | €50,298 | €26,022 | -€24,276 | -48.3% |
| Other amounts receivable | 41 | €3,311 | €0 | -€3,311 | -100.0% |
| Cash at bank and in hand | 54/58 | €168,714 | €233,472 | +€64,757 | +38.4% |
| Deferred charges and accrued income | 490/1 | €7,704 | €1,233 | -€6,470 | -84.0% |
| Total equity and liabilities | 10/49 | €286,024 | €303,811 | +€17,787 | +6.2% |
| Equity | 10/15 | €193,980 | €208,842 | +€14,861 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €187,780 | €202,642 | +€14,861 | +7.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €187,780 | €202,642 | +€14,861 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,043 | €94,969 | +€2,926 | +3.2% |
| Amounts payable after more than one year | 17 | €28,474 | €20,251 | -€8,223 | -28.9% |
| Financial debts | 170/4 | €28,474 | €20,251 | -€8,223 | -28.9% |
| Amounts payable within one year | 42/48 | €62,736 | €74,718 | +€11,983 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €7,894 | €8,223 | +€329 | +4.2% |
| Financial debts | 43 | €2,614 | €1,246 | -€1,368 | -52.3% |
| Credit institutions | 430/8 | - | €1,246 | +€1,246 | |
| Other loans | 439 | €2,614 | - | -€2,614 | |
| Trade debts | 44 | €9,043 | €3,435 | -€5,608 | -62.0% |
| Suppliers | 440/4 | €9,043 | €3,435 | -€5,608 | -62.0% |
| Taxes, remuneration and social security | 45 | €18,152 | €24,698 | +€6,546 | +36.1% |
| Taxes | 450/3 | €18,152 | €24,698 | +€6,546 | +36.1% |
| Other amounts payable | 47/48 | €25,033 | €37,116 | +€12,083 | +48.3% |
| Accrued charges and deferred income | 492/3 | €834 | €0 | -€834 | -100.0% |
| Non-recurring operating income | 76A | €4,780 | €0 | -€4,780 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,783 | €13,315 | +€4,532 | +51.6% |
| Other operating charges | 640/8 | €3,004 | €1,229 | -€1,775 | -59.1% |
| Gross operating margin | 9900 | €42,659 | €62,009 | +€19,351 | +45.4% |
| Operating profit (loss) | 9901 | €30,872 | €47,465 | +€16,594 | +53.8% |
| Financial income | 75/76B | €1,657 | €1,449 | -€208 | -12.5% |
| Recurring financial income | 75 | €1,657 | €1,449 | -€208 | -12.5% |
| Financial charges | 65/66B | €1,850 | €2,852 | +€1,002 | +54.2% |
| Recurring financial charges | 65 | €1,850 | €2,852 | +€1,002 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €30,678 | €46,062 | +€15,384 | +50.1% |
| Income taxes | 67/77 | €9,322 | €13,577 | +€4,255 | +45.6% |
| Profit (loss) for the period | 9904 | €21,356 | €32,486 | +€11,129 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,356 | €32,486 | +€11,129 | +52.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.