SEMATA: 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.
SEMATA
Largest movements
- Receivables within one year +€16,030
up €16,030 (+58.2%), from €27,530 to €43,560
of which Trade receivables: +€19,360
- Cash -€10,648
down €10,648 (-49.2%), from €21,658 to €11,010
mainly Receivables within one year (-€16,030) and Other debts (-€6,000)
- Tangible fixed assets +€869
new in 2025: €869
- Profit (loss) carried forward +€8,335
up €8,335 (+54.6%), from €15,256 to €23,591
- Other debts -€6,000
down €6,000 (-82.2%), from €7,295 to €1,295
- Tax, wage and social debts +€3,278
up €3,278 (+14.2%), from €23,032 to €26,310
of which Remuneration and social security: +€3,979
- Trade debts +€638
up €638 (+105.5%), from €605 to €1,243
- Gross operating margin -€13,932
down €13,932 (-54.9%), from €25,375 to €11,443
- Taxes -€1,730
down €1,730 (-42.0%), from €4,117 to €2,387
- Other operating charges +€400
new in 2025: €400
- Depreciation +€287
new in 2025: €287
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 | €49,188 | €55,439 | +€6,251 | +12.7% |
| Fixed assets | 21/28 | - | €869 | +€869 | |
| Tangible fixed assets | 22/27 | - | €869 | +€869 | |
| Furniture and vehicles | 24 | - | €869 | +€869 | |
| Current assets | 29/58 | €49,188 | €54,570 | +€5,382 | +10.9% |
| Amounts receivable within one year | 40/41 | €27,530 | €43,560 | +€16,030 | +58.2% |
| Trade receivables | 40 | €24,200 | €43,560 | +€19,360 | +80.0% |
| Other amounts receivable | 41 | €3,330 | - | -€3,330 | |
| Cash at bank and in hand | 54/58 | €21,658 | €11,010 | -€10,648 | -49.2% |
| Total equity and liabilities | 10/49 | €49,188 | €55,439 | +€6,251 | +12.7% |
| Equity | 10/15 | €18,256 | €26,591 | +€8,335 | +45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,256 | €23,591 | +€8,335 | +54.6% |
| Amounts payable | 17/49 | €30,933 | €28,849 | -€2,084 | -6.7% |
| Amounts payable within one year | 42/48 | €30,933 | €28,849 | -€2,084 | -6.7% |
| Trade debts | 44 | €605 | €1,243 | +€638 | +105.5% |
| Suppliers | 440/4 | €605 | €1,243 | +€638 | +105.5% |
| Taxes, remuneration and social security | 45 | €23,032 | €26,310 | +€3,278 | +14.2% |
| Taxes | 450/3 | €4,117 | €3,416 | -€701 | -17.0% |
| Remuneration and social security | 454/9 | €18,915 | €22,894 | +€3,979 | +21.0% |
| Other amounts payable | 47/48 | €7,295 | €1,295 | -€6,000 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €287 | +€287 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €25,375 | €11,443 | -€13,932 | -54.9% |
| Operating profit (loss) | 9901 | €25,375 | €10,756 | -€14,619 | -57.6% |
| Financial charges | 65/66B | €2 | €34 | +€32 | +1589.0% |
| Recurring financial charges | 65 | €2 | €34 | +€32 | +1589.0% |
| Profit (loss) for the period before taxes | 9903 | €25,373 | €10,722 | -€14,651 | -57.7% |
| Income taxes | 67/77 | €4,117 | €2,387 | -€1,730 | -42.0% |
| Profit (loss) for the period | 9904 | €21,256 | €8,335 | -€12,921 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,256 | €8,335 | -€12,921 | -60.8% |
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 28 September 2026 via checked.be.