SEMACTIC: 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.
SEMACTIC
Largest movements
- Cash -€318,068
down €318,068 (-64.8%), from €491,024 to €172,956
mainly Investment in fixed assets (net) (-€372,558) and Net result for the year (-€91,805)
- Intangible fixed assets +€279,767
up €279,767 (+188.0%), from €148,802 to €428,568
- Receivables within one year +€86,717
up €86,717 (+119.9%), from €72,330 to €159,047
of which Trade receivables: +€88,977
- Profit (loss) carried forward -€91,805
down €91,805 (-202.4%), from -€45,368 to -€137,172
- Tax, wage and social debts +€77,611
up €77,611 (+426.8%), from €18,185 to €95,795
- Accrued charges and deferred income +€57,789
up €57,789 (+153.8%), from €37,581 to €95,370
- Trade debts +€11,411
up €11,411 (+17.9%), from €63,904 to €75,315
- Staff costs +€405,999
up €405,999 (+728.2%), from €55,751 to €461,750
- Gross operating margin +€389,832
up €389,832 (+556.7%), from €70,022 to €459,854
- Depreciation +€37,601
up €37,601 (+79.8%), from €47,108 to €84,710
- Financial charges +€4,947
up €4,947 (+481.8%), from €1,027 to €5,973
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 | €727,291 | €782,297 | +€55,006 | +7.6% |
| Fixed assets | 21/28 | €162,268 | €450,117 | +€287,848 | +177.4% |
| Intangible fixed assets | 21 | €148,802 | €428,568 | +€279,767 | +188.0% |
| Tangible fixed assets | 22/27 | €12,847 | €18,433 | +€5,587 | +43.5% |
| Furniture and vehicles | 24 | €7,686 | €14,591 | +€6,905 | +89.8% |
| Other tangible fixed assets | 26 | €5,161 | €3,842 | -€1,318 | -25.5% |
| Financial fixed assets | 28 | €620 | €3,115 | +€2,495 | +402.4% |
| Current assets | 29/58 | €565,023 | €332,180 | -€232,843 | -41.2% |
| Amounts receivable within one year | 40/41 | €72,330 | €159,047 | +€86,717 | +119.9% |
| Trade receivables | 40 | €70,070 | €159,047 | +€88,977 | +127.0% |
| Other amounts receivable | 41 | €2,260 | - | -€2,260 | |
| Cash at bank and in hand | 54/58 | €491,024 | €172,956 | -€318,068 | -64.8% |
| Deferred charges and accrued income | 490/1 | €1,669 | €177 | -€1,492 | -89.4% |
| Total equity and liabilities | 10/49 | €727,291 | €782,297 | +€55,006 | +7.6% |
| Equity | 10/15 | €257,621 | €165,817 | -€91,805 | -35.6% |
| Contributions | 10/11 | €302,989 | €302,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,368 | -€137,172 | -€91,805 | -202.4% |
| Amounts payable | 17/49 | €469,670 | €616,480 | +€146,810 | +31.3% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,089 | €171,110 | +€89,022 | +108.4% |
| Trade debts | 44 | €63,904 | €75,315 | +€11,411 | +17.9% |
| Suppliers | 440/4 | €63,904 | €75,315 | +€11,411 | +17.9% |
| Taxes, remuneration and social security | 45 | €18,185 | €95,795 | +€77,611 | +426.8% |
| Remuneration and social security | 454/9 | €18,185 | €95,795 | +€77,611 | +426.8% |
| Accrued charges and deferred income | 492/3 | €37,581 | €95,370 | +€57,789 | +153.8% |
| Remuneration, social security and pensions | 62 | €55,751 | €461,750 | +€405,999 | +728.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,108 | €84,710 | +€37,601 | +79.8% |
| Other operating charges | 640/8 | €108 | €286 | +€179 | +166.2% |
| Gross operating margin | 9900 | €70,022 | €459,854 | +€389,832 | +556.7% |
| Operating profit (loss) | 9901 | -€32,945 | -€86,892 | -€53,947 | -163.7% |
| Financial income | 75/76B | €1 | €1,143 | +€1,142 | +126917.8% |
| Recurring financial income | 75 | €1 | €1,143 | +€1,142 | +126917.8% |
| Financial charges | 65/66B | €1,027 | €5,973 | +€4,947 | +481.8% |
| Recurring financial charges | 65 | €1,027 | €5,973 | +€4,947 | +481.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,971 | -€91,722 | -€57,751 | -170.0% |
| Income taxes | 67/77 | - | €83 | +€83 | |
| Profit (loss) for the period | 9904 | -€33,971 | -€91,805 | -€57,833 | -170.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,971 | -€91,805 | -€57,833 | -170.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.