SEMAFORMA: 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.
SEMAFORMA
Largest movements
- Cash -€33,072
down €33,072 (-9.0%), from €369,290 to €336,219
mainly Debts within one year (-€38,654) and Net result for the year (-€24,276)
- Receivables within one year -€30,888
down €30,888 (-22.3%), from €138,816 to €107,927
of which Trade receivables: -€33,391
- Debts within one year -€38,654
down €38,654 (-27.0%), from €142,985 to €104,331
of which Trade debts: -€45,674
- Profit (loss) carried forward -€24,276
down €24,276 (-6.7%), from €364,273 to €339,997
- Turnover -€59,916
down €59,916 (-17.1%), from €350,351 to €290,435
- Gross operating margin -€37,232
down €37,232 (-24.5%), from €152,070 to €114,838
- Purchases and services +€19,281
up €19,281 (+9.7%), from €198,288 to €217,569
- Staff costs -€18,104
down €18,104 (-11.8%), from €153,108 to €135,004
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 | €514,964 | €452,032 | -€62,932 | -12.2% |
| Fixed assets | 21/28 | €2,410 | €1,274 | -€1,137 | -47.2% |
| Tangible fixed assets | 22/27 | €2,410 | €1,274 | -€1,137 | -47.2% |
| Plant, machinery and equipment | 23 | €86 | €57 | -€29 | -33.3% |
| Furniture and vehicles | 24 | €2,325 | €1,217 | -€1,108 | -47.7% |
| Current assets | 29/58 | €512,554 | €450,758 | -€61,796 | -12.1% |
| Amounts receivable within one year | 40/41 | €138,816 | €107,927 | -€30,888 | -22.3% |
| Trade receivables | 40 | €138,790 | €105,399 | -€33,391 | -24.1% |
| Other amounts receivable | 41 | €25 | €2,528 | +€2,503 | +9853.9% |
| Cash at bank and in hand | 54/58 | €369,290 | €336,219 | -€33,072 | -9.0% |
| Deferred charges and accrued income | 490/1 | €4,448 | €6,612 | +€2,164 | +48.7% |
| Total equity and liabilities | 10/49 | €514,964 | €452,032 | -€62,932 | -12.2% |
| Equity | 10/15 | €371,923 | €347,700 | -€24,223 | -6.5% |
| Reserves | 13 | €7,650 | €7,703 | +€53 | +0.7% |
| Profit (loss) carried forward | 14 | €364,273 | €339,997 | -€24,276 | -6.7% |
| Amounts payable | 17/49 | €143,041 | €104,331 | -€38,710 | -27.1% |
| Amounts payable within one year | 42/48 | €142,985 | €104,331 | -€38,654 | -27.0% |
| Trade debts | 44 | €98,747 | €53,073 | -€45,674 | -46.3% |
| Suppliers | 440/4 | €98,747 | €53,073 | -€45,674 | -46.3% |
| Taxes, remuneration and social security | 45 | €37,944 | €35,773 | -€2,171 | -5.7% |
| Taxes | 450/3 | €13,146 | €24,464 | +€11,318 | +86.1% |
| Remuneration and social security | 454/9 | €24,797 | €11,309 | -€13,489 | -54.4% |
| Accrued charges and deferred income | 492/3 | €56 | €0 | -€56 | -100.0% |
| Turnover | 70 | €350,351 | €290,435 | -€59,916 | -17.1% |
| Non-recurring operating income | 76A | €4 | €41,477 | +€41,473 | +925727.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €198,288 | €217,569 | +€19,281 | +9.7% |
| Remuneration, social security and pensions | 62 | €153,108 | €135,004 | -€18,104 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,804 | €1,137 | -€1,667 | -59.5% |
| Other operating charges | 640/8 | €1,574 | €1,517 | -€58 | -3.7% |
| Non-recurring operating charges | 66A | €41 | €1,386 | +€1,345 | +3264.4% |
| Gross operating margin | 9900 | €152,070 | €114,838 | -€37,232 | -24.5% |
| Operating profit (loss) | 9901 | -€5,457 | -€24,205 | -€18,748 | -343.5% |
| Financial income | 75/76B | €584 | €403 | -€181 | -31.0% |
| Recurring financial income | 75 | €584 | €403 | -€181 | -31.0% |
| Financial charges | 65/66B | €1,246 | €473 | -€773 | -62.0% |
| Recurring financial charges | 65 | €1,246 | €473 | -€773 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,120 | -€24,276 | -€18,156 | -296.7% |
| Profit (loss) for the period | 9904 | -€6,120 | -€24,276 | -€18,156 | -296.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,120 | -€24,276 | -€18,156 | -296.7% |
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 2 October 2026 via checked.be.