SEMECS: 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.
SEMECS
Largest movements
- Cash -€22,431
down €22,431 (-30.9%), from €72,690 to €50,260
mainly Contributions, distributions and other (-€25,741) and Other debts (-€12,662)
- Tangible fixed assets +€5,595
up €5,595 (+137.4%), from €4,070 to €9,665
of which Furniture and vehicles: +€4,664
- Receivables within one year +€1,702
up €1,702 (+13.4%), from €12,657 to €14,358
of which Trade receivables: +€3,380
- Other debts -€12,662
down €12,662 (-18.4%), from €68,699 to €56,038
- Tax, wage and social debts -€2,153
down €2,153 (-13.3%), from €16,179 to €14,026
of which Taxes: -€4,792
- Gross operating margin +€9,425
up €9,425 (+35.7%), from €26,429 to €35,853
- Taxes +€1,679
up €1,679 (+30.1%), from €5,582 to €7,261
- Depreciation +€512
up €512 (+39.5%), from €1,296 to €1,808
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 | €90,528 | €75,587 | -€14,942 | -16.5% |
| Fixed assets | 21/28 | €4,070 | €9,665 | +€5,595 | +137.4% |
| Tangible fixed assets | 22/27 | €4,070 | €9,665 | +€5,595 | +137.4% |
| Plant, machinery and equipment | 23 | €4,070 | €5,001 | +€931 | +22.9% |
| Furniture and vehicles | 24 | - | €4,664 | +€4,664 | |
| Current assets | 29/58 | €86,458 | €65,922 | -€20,536 | -23.8% |
| Amounts receivable within one year | 40/41 | €12,657 | €14,358 | +€1,702 | +13.4% |
| Trade receivables | 40 | €10,738 | €14,119 | +€3,380 | +31.5% |
| Other amounts receivable | 41 | €1,918 | €239 | -€1,679 | -87.5% |
| Cash at bank and in hand | 54/58 | €72,690 | €50,260 | -€22,431 | -30.9% |
| Deferred charges and accrued income | 490/1 | €1,111 | €1,304 | +€193 | +17.4% |
| Total equity and liabilities | 10/49 | €90,528 | €75,587 | -€14,942 | -16.5% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €87,528 | €72,587 | -€14,942 | -17.1% |
| Amounts payable within one year | 42/48 | €87,528 | €72,587 | -€14,942 | -17.1% |
| Trade debts | 44 | €2,650 | €2,523 | -€127 | -4.8% |
| Suppliers | 440/4 | €2,650 | €2,523 | -€127 | -4.8% |
| Taxes, remuneration and social security | 45 | €16,179 | €14,026 | -€2,153 | -13.3% |
| Taxes | 450/3 | €16,179 | €11,387 | -€4,792 | -29.6% |
| Remuneration and social security | 454/9 | - | €2,640 | +€2,640 | |
| Other amounts payable | 47/48 | €68,699 | €56,038 | -€12,662 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,296 | €1,808 | +€512 | +39.5% |
| Other operating charges | 640/8 | €625 | €680 | +€55 | +8.8% |
| Gross operating margin | 9900 | €26,429 | €35,853 | +€9,425 | +35.7% |
| Operating profit (loss) | 9901 | €24,508 | €33,366 | +€8,858 | +36.1% |
| Financial charges | 65/66B | €484 | €364 | -€120 | -24.8% |
| Recurring financial charges | 65 | €484 | €364 | -€120 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €24,024 | €33,002 | +€8,978 | +37.4% |
| Income taxes | 67/77 | €5,582 | €7,261 | +€1,679 | +30.1% |
| Profit (loss) for the period | 9904 | €18,442 | €25,741 | +€7,299 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,442 | €25,741 | +€7,299 | +39.6% |
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 4 October 2026 via checked.be.