SEMATI: 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.
SEMATI
Largest movements
- Receivables within one year +€15,263
up €15,263 (+333.7%), from €4,574 to €19,836
of which Trade receivables: +€15,424
- Stocks and contracts -€6,961
down €6,961 (-50.1%), from €13,900 to €6,939
- Cash -€3,127
down €3,127 (-66.5%), from €4,704 to €1,578
mainly Receivables within one year (-€15,263) and Investment in fixed assets (net) (-€6,474)
- Tangible fixed assets +€2,625
up €2,625 (+32.9%), from €7,990 to €10,615
- Profit (loss) carried forward +€3,849
up €3,849 (+16.7%), from €23,052 to €26,902
- Trade debts +€3,424
up €3,424 (+630.8%), from €543 to €3,967
- Tax, wage and social debts +€493
up €493 (+11.7%), from €4,217 to €4,711
of which Taxes: +€374
- Gross operating margin -€11,611
down €11,611 (-40.9%), from €28,382 to €16,770
- Purchases and services +€8,492
up €8,492 (+6.2%), from €137,664 to €146,156
- Turnover -€3,119
down €3,119 (-1.9%), from €166,046 to €162,926
- Staff costs -€2,621
down €2,621 (-25.6%), from €10,224 to €7,603
- Taxes -€1,685
down €1,685 (-54.4%), from €3,098 to €1,413
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 | €31,168 | €38,968 | +€7,800 | +25.0% |
| Fixed assets | 21/28 | €7,990 | €10,615 | +€2,625 | +32.9% |
| Tangible fixed assets | 22/27 | €7,990 | €10,615 | +€2,625 | +32.9% |
| Plant, machinery and equipment | 23 | €7,990 | €10,615 | +€2,625 | +32.9% |
| Current assets | 29/58 | €23,178 | €28,353 | +€5,175 | +22.3% |
| Stocks and contracts in progress | 3 | €13,900 | €6,939 | -€6,961 | -50.1% |
| Stocks | 30/36 | €13,900 | €6,939 | -€6,961 | -50.1% |
| Amounts receivable within one year | 40/41 | €4,574 | €19,836 | +€15,263 | +333.7% |
| Trade receivables | 40 | €4,378 | €19,802 | +€15,424 | +352.3% |
| Other amounts receivable | 41 | €196 | €34 | -€161 | -82.4% |
| Cash at bank and in hand | 54/58 | €4,704 | €1,578 | -€3,127 | -66.5% |
| Total equity and liabilities | 10/49 | €31,168 | €38,968 | +€7,800 | +25.0% |
| Equity | 10/15 | €26,052 | €29,902 | +€3,849 | +14.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,052 | €26,902 | +€3,849 | +16.7% |
| Amounts payable | 17/49 | €5,115 | €9,066 | +€3,951 | +77.2% |
| Amounts payable within one year | 42/48 | €5,115 | €9,066 | +€3,951 | +77.2% |
| Trade debts | 44 | €543 | €3,967 | +€3,424 | +630.8% |
| Suppliers | 440/4 | €543 | €3,967 | +€3,424 | +630.8% |
| Taxes, remuneration and social security | 45 | €4,217 | €4,711 | +€493 | +11.7% |
| Taxes | 450/3 | €4,217 | €4,592 | +€374 | +8.9% |
| Remuneration and social security | 454/9 | - | €119 | +€119 | |
| Other amounts payable | 47/48 | €356 | €389 | +€34 | +9.5% |
| Turnover | 70 | €166,046 | €162,926 | -€3,119 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €137,664 | €146,156 | +€8,492 | +6.2% |
| Remuneration, social security and pensions | 62 | €10,224 | €7,603 | -€2,621 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,554 | €3,849 | +€1,295 | +50.7% |
| Gross operating margin | 9900 | €28,382 | €16,770 | -€11,611 | -40.9% |
| Operating profit (loss) | 9901 | €15,603 | €5,318 | -€10,285 | -65.9% |
| Financial charges | 65/66B | €114 | €56 | -€58 | -51.2% |
| Recurring financial charges | 65 | €114 | €56 | -€58 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €15,489 | €5,263 | -€10,227 | -66.0% |
| Income taxes | 67/77 | €3,098 | €1,413 | -€1,685 | -54.4% |
| Profit (loss) for the period | 9904 | €12,391 | €3,849 | -€8,542 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,391 | €3,849 | -€8,542 | -68.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.