Semaresto: 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.
Semaresto
Largest movements
- Receivables within one year +€44,342
up €44,342 (+192%), from €23,145 to €67,487
of which Trade receivables: +€29,094
- Cash -€31,341
down €31,341 (-41.3%), from €75,867 to €44,526
mainly Net result for the year (-€103,283) and Receivables within one year (-€44,342)
- Tangible fixed assets -€9,811
down €9,811 (-10.3%), from €94,922 to €85,111
of which Plant, machinery and equipment: -€18,191
- Profit (loss) carried forward -€103,283
down €103,283 (-10.7%), from -€965,792 to -€1.1m
- Trade debts +€91,468
up €91,468 (+24.5%), from €373,537 to €465,005
- Other debts +€22,442
up €22,442 (+3.6%), from €627,636 to €650,078
- Tax, wage and social debts -€8,437
down €8,437 (-23.6%), from €35,720 to €27,283
of which Remuneration and social security: -€8,693
- Staff costs -€67,297
down €67,297 (-18.8%), from €358,709 to €291,412
- Gross operating margin -€21,853
down €21,853 (-8.6%), from €255,319 to €233,466
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 | €196,100 | €198,291 | +€2,190 | +1.1% |
| Fixed assets | 21/28 | €97,089 | €86,278 | -€10,811 | -11.1% |
| Intangible fixed assets | 21 | €2,167 | €1,167 | -€1,000 | -46.1% |
| Tangible fixed assets | 22/27 | €94,922 | €85,111 | -€9,811 | -10.3% |
| Plant, machinery and equipment | 23 | €92,787 | €74,597 | -€18,191 | -19.6% |
| Furniture and vehicles | 24 | €2,134 | €10,514 | +€8,380 | +393% |
| Current assets | 29/58 | €99,012 | €112,013 | +€13,001 | +13.1% |
| Amounts receivable within one year | 40/41 | €23,145 | €67,487 | +€44,342 | +192% |
| Trade receivables | 40 | €17,372 | €46,466 | +€29,094 | +167% |
| Other amounts receivable | 41 | €5,773 | €21,021 | +€15,248 | +264% |
| Cash at bank and in hand | 54/58 | €75,867 | €44,526 | -€31,341 | -41.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €196,100 | €198,291 | +€2,190 | +1.1% |
| Equity | 10/15 | -€840,792 | -€944,075 | -€103,283 | -12.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€965,792 | -€1,069,075 | -€103,283 | -10.7% |
| Amounts payable | 17/49 | €1,036,892 | €1,142,365 | +€105,473 | +10.2% |
| Amounts payable within one year | 42/48 | €1,036,892 | €1,142,365 | +€105,473 | +10.2% |
| Trade debts | 44 | €373,537 | €465,005 | +€91,468 | +24.5% |
| Suppliers | 440/4 | €373,537 | €465,005 | +€91,468 | +24.5% |
| Taxes, remuneration and social security | 45 | €35,720 | €27,283 | -€8,437 | -23.6% |
| Taxes | 450/3 | €285 | €541 | +€256 | +90.0% |
| Remuneration and social security | 454/9 | €35,435 | €26,742 | -€8,693 | -24.5% |
| Other amounts payable | 47/48 | €627,636 | €650,078 | +€22,442 | +3.6% |
| Non-recurring operating income | 76A | €6,504 | €0 | -€6,504 | -100% |
| Remuneration, social security and pensions | 62 | €358,709 | €291,412 | -€67,297 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,509 | €21,975 | +€466 | +2.2% |
| Other operating charges | 640/8 | €2,377 | €3,478 | +€1,101 | +46.3% |
| Non-recurring operating charges | 66A | €5,549 | €7,497 | +€1,948 | +35.1% |
| Gross operating margin | 9900 | €255,319 | €233,466 | -€21,853 | -8.6% |
| Operating profit (loss) | 9901 | -€132,825 | -€90,896 | +€41,929 | +31.6% |
| Financial income | 75/76B | €538 | €950 | +€412 | +76.5% |
| Recurring financial income | 75 | €538 | €950 | +€412 | +76.5% |
| Financial charges | 65/66B | €11,941 | €12,796 | +€855 | +7.2% |
| Recurring financial charges | 65 | €11,941 | €12,796 | +€855 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€144,228 | -€102,742 | +€41,486 | +28.8% |
| Income taxes | 67/77 | -€481 | €541 | +€1,022 | |
| Profit (loss) for the period | 9904 | -€143,748 | -€103,283 | +€40,465 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,748 | -€103,283 | +€40,465 | +28.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.