SEMEDIC: 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.
SEMEDIC
Largest movements
- Receivables within one year +€171,379
new in 2025: €171,379
- Cash +€52,232
up €52,232 (+27.3%), from €191,376 to €243,608
mainly Tax, wage and social debts (+€357,843) and Net result for the year (+€327,501)
- Tax, wage and social debts +€357,843
up €357,843 (+1800.6%), from €19,874 to €377,717
of which Remuneration and social security: +€305,582
- Profit (loss) carried forward -€170,469
no longer reported in 2025 (was €170,469)
- Trade debts +€42,659
up €42,659 (+2753.9%), from €1,549 to €44,208
- Other debts -€8,733
no longer reported in 2025 (was €8,733)
- Gross operating margin +€368,259
up €368,259 (+566.8%), from €64,970 to €433,229
- Taxes +€93,054
up €93,054 (+672.2%), from €13,844 to €106,898
- Financial income +€4,975
new in 2025: €4,975
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 | €201,625 | €422,925 | +€221,300 | +109.8% |
| Fixed assets | 21/28 | €8,794 | €5,924 | -€2,870 | -32.6% |
| Tangible fixed assets | 22/27 | €8,794 | €5,924 | -€2,870 | -32.6% |
| Plant, machinery and equipment | 23 | €1,486 | €702 | -€784 | -52.7% |
| Furniture and vehicles | 24 | €7,308 | €5,221 | -€2,086 | -28.5% |
| Current assets | 29/58 | €192,831 | €417,002 | +€224,170 | +116.3% |
| Amounts receivable within one year | 40/41 | - | €171,379 | +€171,379 | |
| Trade receivables | 40 | - | €171,379 | +€171,379 | |
| Cash at bank and in hand | 54/58 | €191,376 | €243,608 | +€52,232 | +27.3% |
| Deferred charges and accrued income | 490/1 | €1,455 | €2,015 | +€560 | +38.4% |
| Total equity and liabilities | 10/49 | €201,625 | €422,925 | +€221,300 | +109.8% |
| Equity | 10/15 | €171,469 | €1,000 | -€170,469 | -99.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,469 | - | -€170,469 | |
| Amounts payable | 17/49 | €30,156 | €421,925 | +€391,769 | +1299.1% |
| Amounts payable within one year | 42/48 | €30,156 | €421,925 | +€391,769 | +1299.1% |
| Trade debts | 44 | €1,549 | €44,208 | +€42,659 | +2753.9% |
| Suppliers | 440/4 | €1,549 | €44,208 | +€42,659 | +2753.9% |
| Taxes, remuneration and social security | 45 | €19,874 | €377,717 | +€357,843 | +1800.6% |
| Taxes | 450/3 | €16,274 | €68,536 | +€52,262 | +321.1% |
| Remuneration and social security | 454/9 | €3,600 | €309,182 | +€305,582 | +8488.4% |
| Other amounts payable | 47/48 | €8,733 | - | -€8,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,119 | €2,870 | +€1,751 | +156.5% |
| Other operating charges | 640/8 | €904 | €935 | +€31 | +3.4% |
| Gross operating margin | 9900 | €64,970 | €433,229 | +€368,259 | +566.8% |
| Operating profit (loss) | 9901 | €62,947 | €429,423 | +€366,477 | +582.2% |
| Financial income | 75/76B | - | €4,975 | +€4,975 | |
| Recurring financial income | 75 | - | €4,975 | +€4,975 | |
| Financial charges | 65/66B | €94 | - | -€94 | |
| Recurring financial charges | 65 | €94 | - | -€94 | |
| Profit (loss) for the period before taxes | 9903 | €62,853 | €434,399 | +€371,546 | +591.1% |
| Income taxes | 67/77 | €13,844 | €106,898 | +€93,054 | +672.2% |
| Profit (loss) for the period | 9904 | €49,009 | €327,501 | +€278,492 | +568.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,009 | €327,501 | +€278,492 | +568.2% |
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 3 October 2026 via checked.be.