SEMARO EXPERTISE: 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.
SEMARO EXPERTISE
Largest movements
- Receivables within one year +€44,122
up €44,122 (+49.1%), from €89,847 to €133,968
of which Other amounts receivable: +€47,011
- Tangible fixed assets -€2,216
down €2,216 (-72.0%), from €3,075 to €860
- Profit (loss) carried forward +€30,450
up €30,450 (+114%), from €26,688 to €57,138
- Tax, wage and social debts +€8,076
up €8,076 (+27.7%), from €29,167 to €37,243
- Trade debts +€4,062
up €4,062 (+167%), from €2,432 to €6,494
- Short-term financial debts -€1,642
down €1,642 (-50.3%), from €3,262 to €1,620
- Gross operating margin +€17,040
up €17,040 (+75.0%), from €22,710 to €39,750
- Financial income -€11,763
down €11,763 (-59.6%), from €19,741 to €7,978
- Financial charges +€2,289
up €2,289 (+234%), from €980 to €3,269
- Other operating charges -€1,705
down €1,705 (-55.5%), from €3,075 to €1,370
- Taxes +€1,028
up €1,028 (+10.9%), from €9,395 to €10,423
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.
Derived cash bridge
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 | €93,883 | €134,828 | +€40,945 | +43.6% |
| Fixed assets | 21/28 | €3,075 | €860 | -€2,216 | -72.0% |
| Tangible fixed assets | 22/27 | €3,075 | €860 | -€2,216 | -72.0% |
| Furniture and vehicles | 24 | €3,075 | €860 | -€2,216 | -72.0% |
| Current assets | 29/58 | €90,808 | €133,968 | +€43,161 | +47.5% |
| Amounts receivable within one year | 40/41 | €89,847 | €133,968 | +€44,122 | +49.1% |
| Trade receivables | 40 | €9,908 | €7,018 | -€2,889 | -29.2% |
| Other amounts receivable | 41 | €79,939 | €126,950 | +€47,011 | +58.8% |
| Cash at bank and in hand | 54/58 | €862 | - | -€862 | |
| Deferred charges and accrued income | 490/1 | €99 | - | -€99 | |
| Total equity and liabilities | 10/49 | €93,883 | €134,828 | +€40,945 | +43.6% |
| Equity | 10/15 | €59,022 | €89,472 | +€30,450 | +51.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €32,234 | €32,234 | = | 0.0% |
| Distributable reserves | 133 | €32,234 | €32,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,688 | €57,138 | +€30,450 | +114% |
| Amounts payable | 17/49 | €34,861 | €45,356 | +€10,495 | +30.1% |
| Amounts payable within one year | 42/48 | €34,861 | €45,356 | +€10,495 | +30.1% |
| Financial debts | 43 | €3,262 | €1,620 | -€1,642 | -50.3% |
| Credit institutions | 430/8 | €3,262 | €1,620 | -€1,642 | -50.3% |
| Trade debts | 44 | €2,432 | €6,494 | +€4,062 | +167% |
| Suppliers | 440/4 | €2,432 | €6,494 | +€4,062 | +167% |
| Taxes, remuneration and social security | 45 | €29,167 | €37,243 | +€8,076 | +27.7% |
| Taxes | 450/3 | €29,167 | €37,243 | +€8,076 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,312 | €2,216 | -€96 | -4.2% |
| Other operating charges | 640/8 | €3,075 | €1,370 | -€1,705 | -55.5% |
| Gross operating margin | 9900 | €22,710 | €39,750 | +€17,040 | +75.0% |
| Operating profit (loss) | 9901 | €17,323 | €36,164 | +€18,841 | +109% |
| Financial income | 75/76B | €19,741 | €7,978 | -€11,763 | -59.6% |
| Recurring financial income | 75 | €19,741 | €7,978 | -€11,763 | -59.6% |
| Financial charges | 65/66B | €980 | €3,269 | +€2,289 | +234% |
| Recurring financial charges | 65 | €980 | €3,269 | +€2,289 | +234% |
| Profit (loss) for the period before taxes | 9903 | €36,084 | €40,873 | +€4,789 | +13.3% |
| Income taxes | 67/77 | €9,395 | €10,423 | +€1,028 | +10.9% |
| Profit (loss) for the period | 9904 | €26,688 | €30,450 | +€3,762 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,688 | €30,450 | +€3,762 | +14.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.