SEMIFOOD: 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.
SEMIFOOD
Largest movements
- Cash -€100,683
down €100,683 (-35.1%), from €286,734 to €186,051
mainly Trade debts (-€117,889) and Accrued charges and deferred income (-€6,797)
- Receivables within one year -€9,283
down €9,283 (-13.6%), from €68,177 to €58,894
of which Trade receivables: -€43,988
- Stocks and contracts +€6,035
up €6,035 (+28.9%), from €20,910 to €26,945
- Trade debts -€117,889
down €117,889 (-67.8%), from €173,829 to €55,940
- Profit (loss) carried forward +€16,085
up €16,085 (+37.3%), from €43,145 to €59,230
- Tax, wage and social debts +€7,416
up €7,416 (+14.5%), from €51,250 to €58,666
of which Taxes: +€9,232
- Accrued charges and deferred income -€6,797
down €6,797 (-48.2%), from €14,091 to €7,294
- Gross operating margin -€52,172
down €52,172 (-15.2%), from €342,301 to €290,129
- Taxes -€10,596
down €10,596 (-53.4%), from €19,828 to €9,232
- Staff costs -€8,501
down €8,501 (-3.2%), from €266,807 to €258,306
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 | €376,207 | €275,336 | -€100,871 | -26.8% |
| Current assets | 29/58 | €376,207 | €275,336 | -€100,871 | -26.8% |
| Stocks and contracts in progress | 3 | €20,910 | €26,945 | +€6,035 | +28.9% |
| Stocks | 30/36 | €20,910 | €26,945 | +€6,035 | +28.9% |
| Amounts receivable within one year | 40/41 | €68,177 | €58,894 | -€9,283 | -13.6% |
| Trade receivables | 40 | €56,384 | €12,395 | -€43,988 | -78.0% |
| Other amounts receivable | 41 | €11,793 | €46,499 | +€34,705 | +294.3% |
| Cash at bank and in hand | 54/58 | €286,734 | €186,051 | -€100,683 | -35.1% |
| Deferred charges and accrued income | 490/1 | €385 | €3,446 | +€3,061 | +794.7% |
| Total equity and liabilities | 10/49 | €376,207 | €275,336 | -€100,871 | -26.8% |
| Equity | 10/15 | €105,681 | €121,766 | +€16,085 | +15.2% |
| Contributions | 10/11 | €26,600 | €26,600 | = | 0.0% |
| Reserves | 13 | €35,937 | €35,937 | = | 0.0% |
| Distributable reserves | 133 | €35,937 | €35,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,145 | €59,230 | +€16,085 | +37.3% |
| Amounts payable | 17/49 | €270,525 | €153,570 | -€116,956 | -43.2% |
| Amounts payable within one year | 42/48 | €256,434 | €146,276 | -€110,159 | -43.0% |
| Trade debts | 44 | €173,829 | €55,940 | -€117,889 | -67.8% |
| Suppliers | 440/4 | €173,829 | €55,940 | -€117,889 | -67.8% |
| Taxes, remuneration and social security | 45 | €51,250 | €58,666 | +€7,416 | +14.5% |
| Taxes | 450/3 | €19,828 | €29,060 | +€9,232 | +46.6% |
| Remuneration and social security | 454/9 | €31,422 | €29,606 | -€1,816 | -5.8% |
| Other amounts payable | 47/48 | €31,355 | €31,669 | +€314 | +1.0% |
| Accrued charges and deferred income | 492/3 | €14,091 | €7,294 | -€6,797 | -48.2% |
| Remuneration, social security and pensions | 62 | €266,807 | €258,306 | -€8,501 | -3.2% |
| Other operating charges | 640/8 | €2,131 | €2,497 | +€366 | +17.2% |
| Gross operating margin | 9900 | €342,301 | €290,129 | -€52,172 | -15.2% |
| Operating profit (loss) | 9901 | €73,363 | €29,326 | -€44,037 | -60.0% |
| Financial income | 75/76B | €499 | €3,526 | +€3,027 | +606.2% |
| Recurring financial income | 75 | €499 | €3,526 | +€3,027 | +606.2% |
| Financial charges | 65/66B | €8,773 | €7,535 | -€1,238 | -14.1% |
| Recurring financial charges | 65 | €8,773 | €7,535 | -€1,238 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €65,089 | €25,317 | -€39,771 | -61.1% |
| Income taxes | 67/77 | €19,828 | €9,232 | -€10,596 | -53.4% |
| Profit (loss) for the period | 9904 | €45,261 | €16,085 | -€29,176 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,261 | €16,085 | -€29,176 | -64.5% |
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.