Semax Holding: 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.
Semax Holding
Largest movements
- Current investments +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Reserves +€56,082
up €56,082 (+3.6%), from €1.6m to €1.6m
- Financial income -€29,661
down €29,661 (-13.4%), from €222,052 to €192,391
- Taxes +€7,406
up €7,406 (+73.4%), from €10,090 to €17,496
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 | €2,050,209 | €2,114,783 | +€64,574 | +3.1% |
| Fixed assets | 21/28 | €1,293,690 | €1,293,690 | = | 0.0% |
| Financial fixed assets | 28 | €1,293,690 | €1,293,690 | = | 0.0% |
| Current assets | 29/58 | €756,519 | €821,093 | +€64,574 | +8.5% |
| Amounts receivable within one year | 40/41 | €12,165 | €12,696 | +€531 | +4.4% |
| Trade receivables | 40 | €5,445 | €5,445 | = | 0.0% |
| Other amounts receivable | 41 | €6,720 | €7,251 | +€531 | +7.9% |
| Current investments | 50/53 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €290,431 | €303,901 | +€13,470 | +4.6% |
| Deferred charges and accrued income | 490/1 | €3,924 | €4,496 | +€572 | +14.6% |
| Total equity and liabilities | 10/49 | €2,050,209 | €2,114,783 | +€64,574 | +3.1% |
| Equity | 10/15 | €2,047,205 | €2,103,288 | +€56,082 | +2.7% |
| Contributions | 10/11 | €490,552 | €490,552 | = | 0.0% |
| Reserves | 13 | €1,556,654 | €1,612,736 | +€56,082 | +3.6% |
| Distributable reserves | 133 | €1,556,654 | €1,612,736 | +€56,082 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,003 | €11,495 | +€8,491 | +282.7% |
| Amounts payable within one year | 42/48 | €3,003 | €11,495 | +€8,491 | +282.7% |
| Trade debts | 44 | €2,126 | €2,128 | +€2 | +0.1% |
| Suppliers | 440/4 | €2,126 | €2,128 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €877 | €9,367 | +€8,489 | +967.8% |
| Taxes | 450/3 | €877 | €9,367 | +€8,489 | +967.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €25,421 | €25,353 | -€68 | -0.3% |
| Operating profit (loss) | 9901 | €24,328 | €24,226 | -€101 | -0.4% |
| Financial income | 75/76B | €222,052 | €192,391 | -€29,661 | -13.4% |
| Recurring financial income | 75 | €222,052 | €192,391 | -€29,661 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €246,380 | €216,618 | -€29,762 | -12.1% |
| Income taxes | 67/77 | €10,090 | €17,496 | +€7,406 | +73.4% |
| Profit (loss) for the period | 9904 | €236,290 | €199,122 | -€37,168 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €236,290 | €199,122 | -€37,168 | -15.7% |
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 6 October 2026 via checked.be.