SEMELIBE: 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.
SEMELIBE
Largest movements
- Tangible fixed assets -€23,492
down €23,492 (-2.0%), from €1.2m to €1.2m
of which Land and buildings: -€23,232
- Reserves -€66,891
down €66,891 (-14.0%), from €478,898 to €412,007
of which Distributable reserves: -€60,000
- Other debts +€66,200
up €66,200 (+13.5%), from €490,390 to €556,590
- Debts after one year -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Trade debts +€12,619
up €12,619 (+92.2%), from €13,692 to €26,310
- Gross operating margin -€58,166
down €58,166 (-93.8%), from €61,985 to €3,819
- Financial charges -€2,013
down €2,013 (-31.7%), from €6,356 to €4,342
- Other operating charges -€1,984
down €1,984 (-10.4%), from €18,987 to €17,003
- Financial income -€1,232
down €1,232 (-99.3%), from €1,240 to €9
- Depreciation -€1,023
down €1,023 (-2.4%), from €42,382 to €41,359
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.
Derived cash bridge
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 | €1,234,306 | €1,202,628 | -€31,677 | -2.6% |
| Fixed assets | 21/28 | €1,201,501 | €1,178,009 | -€23,492 | -2.0% |
| Tangible fixed assets | 22/27 | €1,201,501 | €1,178,009 | -€23,492 | -2.0% |
| Land and buildings | 22 | €1,201,241 | €1,178,009 | -€23,232 | -1.9% |
| Plant, machinery and equipment | 23 | €260 | €0 | -€260 | -100% |
| Current assets | 29/58 | €32,805 | €24,619 | -€8,185 | -25.0% |
| Amounts receivable within one year | 40/41 | €7,716 | €6,981 | -€735 | -9.5% |
| Trade receivables | 40 | €2,243 | €3,810 | +€1,566 | +69.8% |
| Other amounts receivable | 41 | €5,473 | €3,172 | -€2,301 | -42.0% |
| Cash at bank and in hand | 54/58 | €18,809 | €17,173 | -€1,636 | -8.7% |
| Deferred charges and accrued income | 490/1 | €6,280 | €465 | -€5,815 | -92.6% |
| Total equity and liabilities | 10/49 | €1,234,306 | €1,202,628 | -€31,677 | -2.6% |
| Equity | 10/15 | €531,901 | €475,322 | -€56,579 | -10.6% |
| Contributions | 10/11 | €62,894 | €62,894 | = | 0.0% |
| Capital | 10 | €62,894 | €62,894 | = | 0.0% |
| Issued capital | 100 | €62,894 | €62,894 | = | 0.0% |
| Reserves | 13 | €478,898 | €412,007 | -€66,891 | -14.0% |
| Non-distributable reserves | 130/1 | €6,289 | €6,289 | = | 0.0% |
| Legal reserve | 130 | €6,289 | €6,289 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,108 | €133,218 | -€6,891 | -4.9% |
| Distributable reserves | 133 | €332,500 | €272,500 | -€60,000 | -18.0% |
| Profit (loss) carried forward | 14 | -€9,890 | €421 | +€10,312 | |
| Provisions and deferred taxes | 16 | €46,703 | €44,406 | -€2,297 | -4.9% |
| Deferred taxes | 168 | €46,703 | €44,406 | -€2,297 | -4.9% |
| Amounts payable | 17/49 | €655,702 | €682,900 | +€27,199 | +4.1% |
| Amounts payable after more than one year | 17 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Financial debts | 170/4 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Amounts payable within one year | 42/48 | €554,082 | €632,900 | +€78,819 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €13,692 | €26,310 | +€12,619 | +92.2% |
| Suppliers | 440/4 | €13,692 | €26,310 | +€12,619 | +92.2% |
| Other amounts payable | 47/48 | €490,390 | €556,590 | +€66,200 | +13.5% |
| Accrued charges and deferred income | 492/3 | €1,620 | €0 | -€1,620 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,382 | €41,359 | -€1,023 | -2.4% |
| Other operating charges | 640/8 | €18,987 | €17,003 | -€1,984 | -10.4% |
| Gross operating margin | 9900 | €61,985 | €3,819 | -€58,166 | -93.8% |
| Operating profit (loss) | 9901 | €617 | -€54,542 | -€55,159 | |
| Financial income | 75/76B | €1,240 | €9 | -€1,232 | -99.3% |
| Recurring financial income | 75 | €1,240 | €9 | -€1,232 | -99.3% |
| Financial charges | 65/66B | €6,356 | €4,342 | -€2,013 | -31.7% |
| Recurring financial charges | 65 | €6,356 | €4,342 | -€2,013 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,498 | -€58,876 | -€54,378 | -1,209% |
| Transfer from deferred taxes | 780 | €2,297 | €2,297 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€2,201 | -€56,579 | -€54,378 | -2,470% |
| Transfer from tax-exempt reserves | 789 | €6,891 | €6,891 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,689 | -€49,688 | -€54,378 |
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 17 October 2026 via checked.be.