SEME: 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.
SEME
Largest movements
- Receivables within one year +€3,754
up €3,754 (+277.5%), from €1,353 to €5,106
of which Trade receivables: +€2,800
- Cash -€3,650
down €3,650 (-51.7%), from €7,066 to €3,416
mainly Other debts (-€16,019) and Receivables within one year (-€3,754)
- Other debts -€16,019
down €16,019 (-13.1%), from €121,844 to €105,825
- Profit (loss) carried forward +€10,771
up €10,771 (+4.6%), from -€234,357 to -€223,586
- Advances received +€3,388
new in 2025: €3,388
- Trade debts +€1,964
up €1,964 (+210.7%), from €932 to €2,896
- Gross operating margin -€4,683
down €4,683 (-29.4%), from €15,906 to €11,223
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 | €8,419 | €8,522 | +€104 | +1.2% |
| Current assets | 29/58 | €8,419 | €8,522 | +€104 | +1.2% |
| Amounts receivable within one year | 40/41 | €1,353 | €5,106 | +€3,754 | +277.5% |
| Trade receivables | 40 | - | €2,800 | +€2,800 | |
| Other amounts receivable | 41 | €1,353 | €2,306 | +€954 | +70.5% |
| Cash at bank and in hand | 54/58 | €7,066 | €3,416 | -€3,650 | -51.7% |
| Total equity and liabilities | 10/49 | €8,419 | €8,522 | +€104 | +1.2% |
| Equity | 10/15 | -€114,357 | -€103,586 | +€10,771 | +9.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,357 | -€223,586 | +€10,771 | +4.6% |
| Amounts payable | 17/49 | €122,775 | €112,109 | -€10,667 | -8.7% |
| Amounts payable within one year | 42/48 | €122,775 | €112,109 | -€10,667 | -8.7% |
| Trade debts | 44 | €932 | €2,896 | +€1,964 | +210.7% |
| Suppliers | 440/4 | €932 | €2,896 | +€1,964 | +210.7% |
| Advances received on contracts in progress | 46 | - | €3,388 | +€3,388 | |
| Other amounts payable | 47/48 | €121,844 | €105,825 | -€16,019 | -13.1% |
| Other operating charges | 640/8 | €387 | €412 | +€25 | +6.4% |
| Gross operating margin | 9900 | €15,906 | €11,223 | -€4,683 | -29.4% |
| Operating profit (loss) | 9901 | €15,519 | €10,811 | -€4,708 | -30.3% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €15,475 | €10,771 | -€4,705 | -30.4% |
| Profit (loss) for the period | 9904 | €15,475 | €10,771 | -€4,705 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,475 | €10,771 | -€4,705 | -30.4% |
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 29 September 2026 via checked.be.