Semano: 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.
Semano
Largest movements
- Receivables within one year -€29,187
down €29,187 (-25.5%), from €114,491 to €85,304
of which Trade receivables: -€24,313
- Cash +€18,315
up €18,315 (+74.0%), from €24,750 to €43,065
mainly Receivables within one year (+€29,187) and Depreciation (+€19,965)
- Tangible fixed assets -€15,045
down €15,045 (-2.9%), from €516,903 to €501,858
of which Land and buildings: -€18,050
- Debts after one year -€20,415
down €20,415 (-6.7%), from €305,430 to €285,015
- Write-downs +€24,313
new in 2024: €24,313
- Other operating charges -€10,251
down €10,251 (-58.0%), from €17,662 to €7,411
- Gross operating margin +€7,576
up €7,576 (+14.7%), from €51,483 to €59,059
- Taxes +€2,539
up €2,539, from -€182 to €2,357
- Financial income +€2,297
up €2,297 (+503.7%), from €456 to €2,753
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €765,338 | €736,307 | -€29,031 | -3.8% |
| Fixed assets | 21/28 | €516,903 | €501,858 | -€15,045 | -2.9% |
| Tangible fixed assets | 22/27 | €516,903 | €501,858 | -€15,045 | -2.9% |
| Land and buildings | 22 | €516,323 | €498,273 | -€18,050 | -3.5% |
| Furniture and vehicles | 24 | €580 | €3,585 | +€3,005 | +518.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €248,435 | €234,449 | -€13,986 | -5.6% |
| Amounts receivable within one year | 40/41 | €114,491 | €85,304 | -€29,187 | -25.5% |
| Trade receivables | 40 | €24,313 | - | -€24,313 | |
| Other amounts receivable | 41 | €90,178 | €85,304 | -€4,874 | -5.4% |
| Current investments | 50/53 | €109,194 | €106,080 | -€3,114 | -2.9% |
| Cash at bank and in hand | 54/58 | €24,750 | €43,065 | +€18,315 | +74.0% |
| Total equity and liabilities | 10/49 | €765,338 | €736,307 | -€29,031 | -3.8% |
| Equity | 10/15 | €308,777 | €309,745 | +€968 | +0.3% |
| Contributions | 10/11 | €64,100 | €64,100 | = | 0.0% |
| Reserves | 13 | €209,715 | €210,683 | +€968 | +0.5% |
| Tax-exempt reserves | 132 | €209,715 | €202,137 | -€7,578 | -3.6% |
| Distributable reserves | 133 | - | €8,546 | +€8,546 | |
| Profit (loss) carried forward | 14 | €34,962 | €34,962 | = | 0.0% |
| Provisions and deferred taxes | 16 | €88,091 | €84,908 | -€3,183 | -3.6% |
| Deferred taxes | 168 | €88,091 | €84,908 | -€3,183 | -3.6% |
| Amounts payable | 17/49 | €368,470 | €341,654 | -€26,816 | -7.3% |
| Amounts payable after more than one year | 17 | €305,430 | €285,015 | -€20,415 | -6.7% |
| Financial debts | 170/4 | €305,430 | €285,015 | -€20,415 | -6.7% |
| Amounts payable within one year | 42/48 | €63,040 | €56,639 | -€6,401 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €19,891 | €20,415 | +€524 | +2.6% |
| Trade debts | 44 | €20,551 | €16,267 | -€4,284 | -20.8% |
| Suppliers | 440/4 | €20,551 | €16,267 | -€4,284 | -20.8% |
| Taxes, remuneration and social security | 45 | - | €2,357 | +€2,357 | |
| Taxes | 450/3 | - | €2,357 | +€2,357 | |
| Other amounts payable | 47/48 | €22,598 | €17,600 | -€4,998 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,750 | €19,965 | +€2,215 | +12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,313 | +€24,313 | |
| Other operating charges | 640/8 | €17,662 | €7,411 | -€10,251 | -58.0% |
| Non-recurring operating charges | 66A | €7,603 | - | -€7,603 | |
| Gross operating margin | 9900 | €51,483 | €59,059 | +€7,576 | +14.7% |
| Operating profit (loss) | 9901 | €8,468 | €7,370 | -€1,098 | -13.0% |
| Financial income | 75/76B | €456 | €2,753 | +€2,297 | +503.7% |
| Recurring financial income | 75 | €456 | €2,753 | +€2,297 | +503.7% |
| Financial charges | 65/66B | €8,715 | €9,981 | +€1,266 | +14.5% |
| Recurring financial charges | 65 | €8,715 | €9,981 | +€1,266 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €209 | €142 | -€67 | -32.1% |
| Transfer from deferred taxes | 780 | €2,303 | €3,183 | +€880 | +38.2% |
| Income taxes | 67/77 | -€182 | €2,357 | +€2,539 | |
| Profit (loss) for the period | 9904 | €2,694 | €968 | -€1,726 | -64.1% |
| Transfer from tax-exempt reserves | 789 | €5,484 | €7,578 | +€2,094 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,178 | €8,546 | +€368 | +4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.