SEMERSAH: 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.
SEMERSAH
Largest movements
- Receivables within one year -€73,033
down €73,033 (-44.9%), from €162,522 to €89,489
of which Other amounts receivable: -€66,367
- Cash +€14,894
up €14,894 (+137%), from €10,860 to €25,754
mainly Receivables within one year (+€73,033) and Other debts (+€10,833)
- Profit (loss) carried forward -€45,329
down €45,329 (-47.8%), from €94,924 to €49,595
- Short-term financial debts -€17,111
no longer reported in 2024 (was €17,111)
- Other debts +€10,833
new in 2024: €10,833
- Trade debts -€5,984
down €5,984 (-15.5%), from €38,717 to €32,733
- Gross operating margin -€49,461
down €49,461, from €17,045 to -€32,417
- Other operating charges +€6,511
up €6,511 (+1,319%), from €493 to €7,004
- Financial charges +€1,356
up €1,356 (+33.7%), from €4,026 to €5,382
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,292 | €140,582 | -€58,710 | -29.5% |
| Fixed assets | 21/28 | €25,910 | €25,338 | -€572 | -2.2% |
| Tangible fixed assets | 22/27 | €910 | €338 | -€572 | -62.9% |
| Furniture and vehicles | 24 | €910 | €338 | -€572 | -62.9% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €173,382 | €115,243 | -€58,138 | -33.5% |
| Amounts receivable within one year | 40/41 | €162,522 | €89,489 | -€73,033 | -44.9% |
| Trade receivables | 40 | €85,291 | €78,626 | -€6,666 | -7.8% |
| Other amounts receivable | 41 | €77,230 | €10,864 | -€66,367 | -85.9% |
| Cash at bank and in hand | 54/58 | €10,860 | €25,754 | +€14,894 | +137% |
| Total equity and liabilities | 10/49 | €199,292 | €140,582 | -€58,710 | -29.5% |
| Equity | 10/15 | €142,344 | €97,015 | -€45,329 | -31.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €17,420 | €17,420 | = | 0.0% |
| Distributable reserves | 133 | €17,420 | €17,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,924 | €49,595 | -€45,329 | -47.8% |
| Amounts payable | 17/49 | €56,948 | €43,566 | -€13,381 | -23.5% |
| Amounts payable within one year | 42/48 | €55,828 | €43,566 | -€12,261 | -22.0% |
| Financial debts | 43 | €17,111 | - | -€17,111 | |
| Other loans | 439 | €17,111 | - | -€17,111 | |
| Trade debts | 44 | €38,717 | €32,733 | -€5,984 | -15.5% |
| Suppliers | 440/4 | €38,717 | €32,733 | -€5,984 | -15.5% |
| Other amounts payable | 47/48 | - | €10,833 | +€10,833 | |
| Accrued charges and deferred income | 492/3 | €1,120 | - | -€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €572 | +€205 | +56.0% |
| Other operating charges | 640/8 | €493 | €7,004 | +€6,511 | +1,319% |
| Gross operating margin | 9900 | €17,045 | -€32,417 | -€49,461 | |
| Operating profit (loss) | 9901 | €16,185 | -€39,993 | -€56,177 | |
| Financial income | 75/76B | €56 | €45 | -€11 | -19.0% |
| Recurring financial income | 75 | €56 | €45 | -€11 | -19.0% |
| Financial charges | 65/66B | €4,026 | €5,382 | +€1,356 | +33.7% |
| Recurring financial charges | 65 | €4,026 | €5,382 | +€1,356 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €12,215 | -€45,329 | -€57,544 | |
| Profit (loss) for the period | 9904 | €12,215 | -€45,329 | -€57,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,215 | -€45,329 | -€57,544 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.