SEMIHH: 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.
SEMIHH
Largest movements
- Receivables within one year +€13,724
up €13,724 (+64.9%), from €21,154 to €34,878
- Cash -€9,359
down €9,359 (-66.3%), from €14,111 to €4,752
mainly Receivables within one year (-€13,724) and Investment in fixed assets (net) (-€4,785)
- Tangible fixed assets +€4,566
new in 2025: €4,566
- Stocks and contracts +€3,045
up €3,045 (+895%), from €340 to €3,386
- Profit (loss) carried forward +€10,662
up €10,662 (+51.5%), from €20,716 to €31,378
- Trade debts +€1,314
up €1,314 (+200%), from €658 to €1,972
- Other operating charges +€5,299
up €5,299 (+295%), from €1,797 to €7,096
- Staff costs +€4,534
up €4,534 (+359%), from €1,263 to €5,798
- Taxes +€2,455
new in 2025: €2,455
- Gross operating margin +€2,450
up €2,450 (+10.3%), from €23,899 to €26,349
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 | €36,374 | €48,350 | +€11,976 | +32.9% |
| Fixed assets | 21/28 | €769 | €5,335 | +€4,566 | +594% |
| Tangible fixed assets | 22/27 | - | €4,566 | +€4,566 | |
| Furniture and vehicles | 24 | - | €4,566 | +€4,566 | |
| Financial fixed assets | 28 | €769 | €769 | = | 0.0% |
| Current assets | 29/58 | €35,605 | €43,015 | +€7,410 | +20.8% |
| Stocks and contracts in progress | 3 | €340 | €3,386 | +€3,045 | +895% |
| Stocks | 30/36 | €340 | €3,386 | +€3,045 | +895% |
| Amounts receivable within one year | 40/41 | €21,154 | €34,878 | +€13,724 | +64.9% |
| Other amounts receivable | 41 | €21,154 | €34,878 | +€13,724 | +64.9% |
| Cash at bank and in hand | 54/58 | €14,111 | €4,752 | -€9,359 | -66.3% |
| Total equity and liabilities | 10/49 | €36,374 | €48,350 | +€11,976 | +32.9% |
| Equity | 10/15 | €35,716 | €46,378 | +€10,662 | +29.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,716 | €31,378 | +€10,662 | +51.5% |
| Amounts payable | 17/49 | €658 | €1,972 | +€1,314 | +200% |
| Amounts payable within one year | 42/48 | €658 | €1,972 | +€1,314 | +200% |
| Trade debts | 44 | €658 | €1,972 | +€1,314 | +200% |
| Suppliers | 440/4 | €658 | €1,972 | +€1,314 | +200% |
| Remuneration, social security and pensions | 62 | €1,263 | €5,798 | +€4,534 | +359% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €219 | +€219 | |
| Other operating charges | 640/8 | €1,797 | €7,096 | +€5,299 | +295% |
| Gross operating margin | 9900 | €23,899 | €26,349 | +€2,450 | +10.3% |
| Operating profit (loss) | 9901 | €20,838 | €13,236 | -€7,602 | -36.5% |
| Financial charges | 65/66B | €122 | €119 | -€3 | -2.4% |
| Recurring financial charges | 65 | €122 | €119 | -€3 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €20,716 | €13,117 | -€7,599 | -36.7% |
| Income taxes | 67/77 | - | €2,455 | +€2,455 | |
| Profit (loss) for the period | 9904 | €20,716 | €10,662 | -€10,054 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,716 | €10,662 | -€10,054 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.