SEMATEC: 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.
SEMATEC
Largest movements
- Cash -€73,667
down €73,667 (-35.6%), from €207,190 to €133,523
mainly Accrued charges and deferred income (-€76,199) and Receivables within one year (-€61,143)
- Receivables within one year +€61,143
up €61,143 (+91.1%), from €67,151 to €128,295
of which Trade receivables: +€45,141
- Deferred charges and accrued income +€14,322
new in 2025: €14,322
- Accrued charges and deferred income -€76,199
down €76,199 (-71.8%), from €106,096 to €29,897
- Profit (loss) carried forward +€55,709
up €55,709 (+87.6%), from €63,607 to €119,315
- Trade debts +€17,131
up €17,131 (+24.5%), from €69,924 to €87,055
- Staff costs +€13,608
up €13,608 (+11.6%), from €117,282 to €130,890
- Gross operating margin +€3,955
up €3,955 (+1.9%), from €204,214 to €208,169
- Taxes -€2,205
down €2,205 (-10.1%), from €21,804 to €19,599
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 | €282,376 | €283,692 | +€1,316 | +0.5% |
| Fixed assets | 21/28 | €5,014 | €3,705 | -€1,309 | -26.1% |
| Tangible fixed assets | 22/27 | €4,863 | €3,553 | -€1,309 | -26.9% |
| Furniture and vehicles | 24 | €3,623 | €2,562 | -€1,061 | -29.3% |
| Other tangible fixed assets | 26 | €1,240 | €992 | -€248 | -20.0% |
| Financial fixed assets | 28 | €151 | €151 | = | 0.0% |
| Current assets | 29/58 | €277,362 | €279,987 | +€2,625 | +0.9% |
| Stocks and contracts in progress | 3 | €3,021 | €3,847 | +€827 | +27.4% |
| Stocks | 30/36 | €3,021 | €3,847 | +€827 | +27.4% |
| Amounts receivable within one year | 40/41 | €67,151 | €128,295 | +€61,143 | +91.1% |
| Trade receivables | 40 | €55,570 | €100,711 | +€45,141 | +81.2% |
| Other amounts receivable | 41 | €11,581 | €27,583 | +€16,002 | +138.2% |
| Cash at bank and in hand | 54/58 | €207,190 | €133,523 | -€73,667 | -35.6% |
| Deferred charges and accrued income | 490/1 | - | €14,322 | +€14,322 | |
| Total equity and liabilities | 10/49 | €282,376 | €283,692 | +€1,316 | +0.5% |
| Equity | 10/15 | €84,058 | €139,767 | +€55,709 | +66.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,607 | €119,315 | +€55,709 | +87.6% |
| Amounts payable | 17/49 | €198,318 | €143,925 | -€54,393 | -27.4% |
| Amounts payable within one year | 42/48 | €92,222 | €114,028 | +€21,806 | +23.6% |
| Trade debts | 44 | €69,924 | €87,055 | +€17,131 | +24.5% |
| Suppliers | 440/4 | €69,924 | €87,055 | +€17,131 | +24.5% |
| Advances received on contracts in progress | 46 | €2,661 | €5,120 | +€2,458 | +92.4% |
| Taxes, remuneration and social security | 45 | €11,838 | €14,467 | +€2,630 | +22.2% |
| Taxes | 450/3 | €284 | €1,798 | +€1,515 | +533.9% |
| Remuneration and social security | 454/9 | €11,554 | €12,669 | +€1,115 | +9.7% |
| Other amounts payable | 47/48 | €7,799 | €7,386 | -€413 | -5.3% |
| Accrued charges and deferred income | 492/3 | €106,096 | €29,897 | -€76,199 | -71.8% |
| Remuneration, social security and pensions | 62 | €117,282 | €130,890 | +€13,608 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,061 | €1,309 | +€248 | +23.4% |
| Other operating charges | 640/8 | €457 | €751 | +€295 | +64.6% |
| Gross operating margin | 9900 | €204,214 | €208,169 | +€3,955 | +1.9% |
| Operating profit (loss) | 9901 | €85,414 | €75,219 | -€10,196 | -11.9% |
| Financial income | 75/76B | €5 | €360 | +€355 | +6995.7% |
| Recurring financial income | 75 | €5 | €360 | +€355 | +6995.7% |
| Financial charges | 65/66B | €194 | €270 | +€76 | +39.3% |
| Recurring financial charges | 65 | €194 | €270 | +€76 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €85,225 | €75,308 | -€9,917 | -11.6% |
| Income taxes | 67/77 | €21,804 | €19,599 | -€2,205 | -10.1% |
| Profit (loss) for the period | 9904 | €63,422 | €55,709 | -€7,713 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,422 | €55,709 | -€7,713 | -12.2% |
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 3 October 2026 via checked.be.