SEMAT GROUP: 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.
SEMAT GROUP
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€529,839
up €529,839 (+116.1%), from €456,243 to €986,081
- Debts after one year -€464,286
down €464,286 (-15.7%), from €3.0m to €2.5m
- Other debts -€88,686
down €88,686 (-80.0%), from €110,881 to €22,195
- Financial charges -€149,259
down €149,259 (-48.2%), from €309,752 to €160,493
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 | €8,562,924 | €8,561,018 | -€1,906 | 0.0% |
| Fixed assets | 21/28 | €8,560,000 | €8,560,000 | = | 0.0% |
| Financial fixed assets | 28 | €8,560,000 | €8,560,000 | = | 0.0% |
| Affiliated companies | 280/1 | €8,560,000 | €8,560,000 | = | 0.0% |
| Participating interests | 280 | €8,560,000 | €8,560,000 | = | 0.0% |
| Current assets | 29/58 | €2,924 | €1,018 | -€1,906 | -65.2% |
| Cash at bank and in hand | 54/58 | €2,924 | €1,018 | -€1,906 | -65.2% |
| Total equity and liabilities | 10/49 | €8,562,924 | €8,561,018 | -€1,906 | 0.0% |
| Equity | 10/15 | €4,974,255 | €5,531,980 | +€557,725 | +11.2% |
| Contributions | 10/11 | €4,494,000 | €4,494,000 | = | 0.0% |
| Capital | 10 | €4,494,000 | €4,494,000 | = | 0.0% |
| Issued capital | 100 | €4,494,000 | €4,494,000 | = | 0.0% |
| Reserves | 13 | €24,013 | €51,899 | +€27,886 | +116.1% |
| Non-distributable reserves | 130/1 | €24,013 | €51,899 | +€27,886 | +116.1% |
| Legal reserve | 130 | €24,013 | €51,899 | +€27,886 | +116.1% |
| Profit (loss) carried forward | 14 | €456,243 | €986,081 | +€529,839 | +116.1% |
| Amounts payable | 17/49 | €3,588,669 | €3,029,038 | -€559,631 | -15.6% |
| Amounts payable after more than one year | 17 | €2,955,357 | €2,491,072 | -€464,286 | -15.7% |
| Financial debts | 170/4 | €2,955,357 | €2,491,072 | -€464,286 | -15.7% |
| Credit institutions | 173 | €955,357 | €741,072 | -€214,286 | -22.4% |
| Other loans | 174 | €2,000,000 | €1,750,000 | -€250,000 | -12.5% |
| Amounts payable within one year | 42/48 | €576,982 | €488,296 | -€88,686 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €464,286 | €464,286 | = | 0.0% |
| Trade debts | 44 | €1,815 | €1,815 | = | 0.0% |
| Suppliers | 440/4 | €1,815 | €1,815 | = | 0.0% |
| Other amounts payable | 47/48 | €110,881 | €22,195 | -€88,686 | -80.0% |
| Accrued charges and deferred income | 492/3 | €56,330 | €49,671 | -€6,659 | -11.8% |
| Operating charges | 60/66A | €9,993 | €2,587 | -€7,406 | -74.1% |
| Services and other goods | 61 | €9,221 | €2,187 | -€7,034 | -76.3% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Operating profit (loss) | 9901 | -€9,993 | -€2,587 | +€7,406 | +74.1% |
| Financial income | 75/76B | €800,000 | €720,805 | -€79,195 | -9.9% |
| Recurring financial income | 75 | €800,000 | €720,805 | -€79,195 | -9.9% |
| Income from financial fixed assets | 750 | €800,000 | €720,000 | -€80,000 | -10.0% |
| Income from current assets | 751 | - | €805 | +€805 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €309,752 | €160,493 | -€149,259 | -48.2% |
| Recurring financial charges | 65 | €309,752 | €160,493 | -€149,259 | -48.2% |
| Debt charges | 650 | €306,651 | €159,406 | -€147,245 | -48.0% |
| Other financial charges | 652/9 | €3,101 | €1,087 | -€2,014 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €480,255 | €557,725 | +€77,470 | +16.1% |
| Profit (loss) for the period | 9904 | €480,255 | €557,725 | +€77,470 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €480,255 | €557,725 | +€77,470 | +16.1% |
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 8 October 2026 via checked.be.