SEMANTIQ: 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.
SEMANTIQ
Largest movements
- Cash +€47,008
up €47,008 (+97.9%), from €48,032 to €95,039
mainly Debts after one year (+€22,539) and Net result for the year (+€13,164)
- Tangible fixed assets -€4,605
down €4,605 (-18.0%), from €25,595 to €20,990
of which Furniture and vehicles: -€7,325
- Receivables within one year +€2,434
up €2,434 (+5.2%), from €46,983 to €49,417
of which Trade receivables: +€3,987
- Debts after one year +€22,539
new in 2025: €22,539
- Reserves +€13,164
up €13,164 (+17.1%), from €77,006 to €90,170
- Current portion of long-term debt +€5,631
new in 2025: €5,631
- Tax, wage and social debts +€3,705
up €3,705 (+79.7%), from €4,649 to €8,355
- Gross operating margin +€7,587
up €7,587 (+35.6%), from €21,331 to €28,918
- Taxes +€1,412
up €1,412 (+26.1%), from €5,405 to €6,817
- Other operating charges +€934
up €934 (+96.7%), from €966 to €1,900
- Financial charges +€736
up €736 (+1,207%), from €61 to €797
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.
Derived cash bridge
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 | €120,610 | €165,447 | +€44,836 | +37.2% |
| Fixed assets | 21/28 | €25,595 | €20,990 | -€4,605 | -18.0% |
| Tangible fixed assets | 22/27 | €25,595 | €20,990 | -€4,605 | -18.0% |
| Land and buildings | 22 | - | €3,000 | +€3,000 | |
| Plant, machinery and equipment | 23 | €604 | €324 | -€280 | -46.3% |
| Furniture and vehicles | 24 | €24,991 | €17,666 | -€7,325 | -29.3% |
| Current assets | 29/58 | €95,015 | €144,457 | +€49,442 | +52.0% |
| Amounts receivable within one year | 40/41 | €46,983 | €49,417 | +€2,434 | +5.2% |
| Trade receivables | 40 | €15,579 | €19,566 | +€3,987 | +25.6% |
| Other amounts receivable | 41 | €31,404 | €29,851 | -€1,553 | -4.9% |
| Cash at bank and in hand | 54/58 | €48,032 | €95,039 | +€47,008 | +97.9% |
| Total equity and liabilities | 10/49 | €120,610 | €165,447 | +€44,836 | +37.2% |
| Equity | 10/15 | €114,813 | €127,977 | +€13,164 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,006 | €90,170 | +€13,164 | +17.1% |
| Distributable reserves | 133 | €77,006 | €90,170 | +€13,164 | +17.1% |
| Profit (loss) carried forward | 14 | €19,207 | €19,207 | = | 0.0% |
| Amounts payable | 17/49 | €5,797 | €37,470 | +€31,673 | +546% |
| Amounts payable after more than one year | 17 | - | €22,539 | +€22,539 | |
| Financial debts | 170/4 | - | €22,539 | +€22,539 | |
| Amounts payable within one year | 42/48 | €5,797 | €14,931 | +€9,134 | +158% |
| Current portion of amounts payable after more than one year | 42 | - | €5,631 | +€5,631 | |
| Trade debts | 44 | €1,148 | €946 | -€202 | -17.6% |
| Suppliers | 440/4 | €1,148 | €946 | -€202 | -17.6% |
| Taxes, remuneration and social security | 45 | €4,649 | €8,355 | +€3,705 | +79.7% |
| Taxes | 450/3 | €4,649 | €8,355 | +€3,705 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,395 | €7,605 | +€210 | +2.8% |
| Other operating charges | 640/8 | €966 | €1,900 | +€934 | +96.7% |
| Gross operating margin | 9900 | €21,331 | €28,918 | +€7,587 | +35.6% |
| Operating profit (loss) | 9901 | €12,970 | €19,413 | +€6,443 | +49.7% |
| Financial income | 75/76B | €1,391 | €1,365 | -€26 | -1.9% |
| Recurring financial income | 75 | €1,391 | €1,365 | -€26 | -1.9% |
| Financial charges | 65/66B | €61 | €797 | +€736 | +1,207% |
| Recurring financial charges | 65 | €61 | €797 | +€736 | +1,207% |
| Profit (loss) for the period before taxes | 9903 | €14,300 | €19,981 | +€5,681 | +39.7% |
| Income taxes | 67/77 | €5,405 | €6,817 | +€1,412 | +26.1% |
| Profit (loss) for the period | 9904 | €8,895 | €13,164 | +€4,269 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,895 | €13,164 | +€4,269 | +48.0% |
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 25 October 2026 via checked.be.