SEMDENTAL: 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.
SEMDENTAL
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Tangible fixed assets +€107,313
up €107,313 (+814.8%), from €13,171 to €120,484
of which Land and buildings: +€110,929
- Cash -€54,617
down €54,617 (-28.1%), from €194,465 to €139,849
mainly Current investments (-€300,000) and Investment in fixed assets (net) (-€114,240)
- Profit (loss) carried forward +€265,337
new in 2025: €265,337
- Tax, wage and social debts +€85,381
up €85,381 (+156.3%), from €54,619 to €140,001
of which Taxes: +€82,348
- Gross operating margin +€189,104
up €189,104 (+101.2%), from €186,779 to €375,883
- Taxes +€28,854
up €28,854 (+53.9%), from €53,494 to €82,348
- Staff costs +€20,853
new in 2025: €20,853
- Depreciation +€4,223
up €4,223 (+156.2%), from €2,704 to €6,927
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 | €208,010 | €560,659 | +€352,650 | +169.5% |
| Fixed assets | 21/28 | €13,171 | €120,484 | +€107,313 | +814.8% |
| Tangible fixed assets | 22/27 | €13,171 | €120,484 | +€107,313 | +814.8% |
| Land and buildings | 22 | - | €110,929 | +€110,929 | |
| Plant, machinery and equipment | 23 | €13,171 | €9,555 | -€3,616 | -27.5% |
| Current assets | 29/58 | €194,839 | €440,175 | +€245,336 | +125.9% |
| Amounts receivable within one year | 40/41 | €374 | €327 | -€47 | -12.6% |
| Other amounts receivable | 41 | €374 | €327 | -€47 | -12.6% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €194,465 | €139,849 | -€54,617 | -28.1% |
| Total equity and liabilities | 10/49 | €208,010 | €560,659 | +€352,650 | +169.5% |
| Equity | 10/15 | €151,691 | €417,029 | +€265,337 | +174.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €146,691 | €146,691 | = | 0.0% |
| Distributable reserves | 133 | €146,691 | €146,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €265,337 | +€265,337 | |
| Amounts payable | 17/49 | €56,318 | €143,630 | +€87,312 | +155.0% |
| Amounts payable within one year | 42/48 | €56,318 | €143,630 | +€87,312 | +155.0% |
| Trade debts | 44 | €1,699 | €3,630 | +€1,931 | +113.7% |
| Suppliers | 440/4 | €1,699 | €3,630 | +€1,931 | +113.7% |
| Taxes, remuneration and social security | 45 | €54,619 | €140,001 | +€85,381 | +156.3% |
| Taxes | 450/3 | €54,619 | €136,968 | +€82,348 | +150.8% |
| Remuneration and social security | 454/9 | - | €3,033 | +€3,033 | |
| Remuneration, social security and pensions | 62 | - | €20,853 | +€20,853 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,704 | €6,927 | +€4,223 | +156.2% |
| Gross operating margin | 9900 | €186,779 | €375,883 | +€189,104 | +101.2% |
| Operating profit (loss) | 9901 | €184,075 | €348,103 | +€164,028 | +89.1% |
| Financial income | 75/76B | €1,317 | €193 | -€1,124 | -85.4% |
| Recurring financial income | 75 | €1,317 | €193 | -€1,124 | -85.4% |
| Financial charges | 65/66B | €306 | €610 | +€304 | +99.2% |
| Recurring financial charges | 65 | €306 | €610 | +€304 | +99.2% |
| Profit (loss) for the period before taxes | 9903 | €185,086 | €347,686 | +€162,600 | +87.9% |
| Income taxes | 67/77 | €53,494 | €82,348 | +€28,854 | +53.9% |
| Profit (loss) for the period | 9904 | €131,591 | €265,337 | +€133,746 | +101.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,591 | €265,337 | +€133,746 | +101.6% |
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 12 October 2026 via checked.be.