SEMEM ART & DESIGN: what changed
What changed
SEMEM ART & DESIGN
NACE 31.009, Manufacture of furniture
filed annual accounts (NBB)
Net result for the year
-€25,685
2024 · -€39,250+€13,565
Equity
-€78,836
2024 · -€50,033-€28,803
Cash
€7,920
2024 · €6,356+€1,564
Balance sheet total
€783,090
2024 · €800,725-€17,635
Largest movements
Assets
- Tangible fixed assets -€23,002
down €23,002 (-3.5%), from €650,242 to €627,240
of which Land and buildings: -€19,263
- Receivables within one year +€11,455
up €11,455 (+19.5%), from €58,820 to €70,275
of which Trade receivables: +€18,958
Equity and liabilities
- Other debts +€54,265
up €54,265 (+18.2%), from €298,138 to €352,403
- Debts after one year -€41,814
down €41,814 (-10.0%), from €418,763 to €376,949
of which Financial debts: -€41,814
- Profit (loss) carried forward -€25,686
down €25,686 (-11.9%), from -€215,694 to -€241,380
- Tax, wage and social debts -€15,598
down €15,598 (-45.6%), from €34,208 to €18,610
of which Taxes: -€12,759
- Trade debts +€14,820
up €14,820 (+25.8%), from €57,331 to €72,151
Income statement
- Gross operating margin +€39,276
up €39,276 (+47.3%), from €83,072 to €122,348
- Staff costs +€16,477
up €16,477 (+21.9%), from €75,278 to €91,755
- Other operating charges +€7,893
up €7,893 (+156%), from €5,048 to €12,941
- Financial income -€3,411
down €3,411 (-45.1%), from €7,567 to €4,156
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€39,250
Gross operating margin
+€39,276
Staff costs
-€16,477
Depreciation
+€361
Other operating charges
-€7,893
Other operating items
+€1,183
Financial income
-€3,411
Financial charges
-€173
Taxes
+€698
Result 2025
-€25,685
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€50,290
Investment
-€3,820
Financing
-€44,906
Cash 2024
€6,356
From operations (derived)
+€50,290
Net result for the year
-€25,685
Depreciation
+€32,930
Stocks and contracts
-€2,177
Receivables within one year
-€11,455
Deferred charges and accrued income
+€3,721
Trade debts
+€14,820
Tax, wage and social debts
-€15,598
Advances received
-€199
Other debts
+€54,265
Accrued charges and deferred income
-€331
Investment (derived)
-€3,820
Investment in fixed assets (net)
-€3,820
Financing
-€44,906
Debts after one year
-€41,814
Current portion of long-term debt
+€25
Contributions, distributions and other
-€3,117
Cash 2025
€7,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,725 | €783,090 | -€17,635 | -2.2% |
| Fixed assets | 21/28 | €667,033 | €637,923 | -€29,110 | -4.4% |
| Intangible fixed assets | 21 | €16,291 | €10,183 | -€6,108 | -37.5% |
| Tangible fixed assets | 22/27 | €650,242 | €627,240 | -€23,002 | -3.5% |
| Land and buildings | 22 | €610,333 | €591,070 | -€19,263 | -3.2% |
| Plant, machinery and equipment | 23 | €34,894 | €31,942 | -€2,952 | -8.5% |
| Furniture and vehicles | 24 | €5,015 | €4,228 | -€787 | -15.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €133,692 | €145,167 | +€11,475 | +8.6% |
| Stocks and contracts in progress | 3 | €64,456 | €66,633 | +€2,177 | +3.4% |
| Stocks | 30/36 | €64,456 | €66,633 | +€2,177 | +3.4% |
| Amounts receivable within one year | 40/41 | €58,820 | €70,275 | +€11,455 | +19.5% |
| Trade receivables | 40 | €44,904 | €63,862 | +€18,958 | +42.2% |
| Other amounts receivable | 41 | €13,916 | €6,413 | -€7,503 | -53.9% |
| Cash at bank and in hand | 54/58 | €6,356 | €7,920 | +€1,564 | +24.6% |
| Deferred charges and accrued income | 490/1 | €4,060 | €339 | -€3,721 | -91.7% |
| Total equity and liabilities | 10/49 | €800,725 | €783,090 | -€17,635 | -2.2% |
| Equity | 10/15 | -€50,033 | -€78,836 | -€28,803 | -57.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,694 | -€241,380 | -€25,686 | -11.9% |
| Investment grants | 15 | €75,661 | €72,544 | -€3,117 | -4.1% |
| Amounts payable | 17/49 | €850,758 | €861,926 | +€11,168 | +1.3% |
| Amounts payable after more than one year | 17 | €418,763 | €376,949 | -€41,814 | -10.0% |
| Financial debts | 170/4 | €417,763 | €375,949 | -€41,814 | -10.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €431,664 | €484,977 | +€53,313 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €41,788 | €41,813 | +€25 | +0.1% |
| Trade debts | 44 | €57,331 | €72,151 | +€14,820 | +25.8% |
| Suppliers | 440/4 | €57,331 | €72,151 | +€14,820 | +25.8% |
| Advances received on contracts in progress | 46 | €199 | - | -€199 | |
| Taxes, remuneration and social security | 45 | €34,208 | €18,610 | -€15,598 | -45.6% |
| Taxes | 450/3 | €20,779 | €8,020 | -€12,759 | -61.4% |
| Remuneration and social security | 454/9 | €13,429 | €10,591 | -€2,838 | -21.1% |
| Other amounts payable | 47/48 | €298,138 | €352,403 | +€54,265 | +18.2% |
| Accrued charges and deferred income | 492/3 | €331 | - | -€331 | |
| Remuneration, social security and pensions | 62 | €75,278 | €91,755 | +€16,477 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,291 | €32,930 | -€361 | -1.1% |
| Other operating charges | 640/8 | €5,048 | €12,941 | +€7,893 | +156% |
| Non-recurring operating charges | 66A | €1,183 | - | -€1,183 | |
| Gross operating margin | 9900 | €83,072 | €122,348 | +€39,276 | +47.3% |
| Operating profit (loss) | 9901 | -€31,728 | -€15,278 | +€16,450 | +51.8% |
| Financial income | 75/76B | €7,567 | €4,156 | -€3,411 | -45.1% |
| Recurring financial income | 75 | €7,567 | €4,156 | -€3,411 | -45.1% |
| Financial charges | 65/66B | €14,389 | €14,562 | +€173 | +1.2% |
| Recurring financial charges | 65 | €14,389 | €14,562 | +€173 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,550 | -€25,684 | +€12,866 | +33.4% |
| Income taxes | 67/77 | €700 | €2 | -€698 | -99.8% |
| Profit (loss) for the period | 9904 | -€39,250 | -€25,685 | +€13,565 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,250 | -€25,685 | +€13,565 | +34.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.