Seminck Gas: 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.
Seminck Gas
Largest movements
- Receivables within one year -€157,561
down €157,561 (-26.4%), from €596,308 to €438,747
of which Trade receivables: -€140,861
- Tangible fixed assets -€135,896
down €135,896 (-5.7%), from €2.4m to €2.3m
of which Plant, machinery and equipment: -€133,225
- Intangible fixed assets +€77,748
up €77,748 (+191%), from €40,708 to €118,455
- Cash +€66,285
up €66,285 (+14.3%), from €463,434 to €529,719
mainly Depreciation (+€431,337) and Net result for the year (+€370,739)
- Reserves +€270,739
up €270,739 (+35.1%), from €771,689 to €1.0m
of which Distributable reserves: +€270,739
- Trade debts -€181,371
down €181,371 (-33.8%), from €536,301 to €354,929
- Debts after one year -€155,739
down €155,739 (-37.4%), from €416,325 to €260,587
of which Financial debts: -€174,831
- Current portion of long-term debt -€50,184
down €50,184 (-24.4%), from €205,922 to €155,739
- Tax, wage and social debts -€48,772
down €48,772 (-28.0%), from €174,122 to €125,351
of which Taxes: -€28,037
- Gross operating margin +€171,470
up €171,470 (+12.2%), from €1.4m to €1.6m
- Taxes +€46,925
up €46,925 (+46.8%), from €100,168 to €147,093
- Depreciation +€21,562
up €21,562 (+5.3%), from €409,776 to €431,337
- Staff costs -€15,981
down €15,981 (-2.9%), from €554,126 to €538,145
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 | €3,877,037 | €3,693,375 | -€183,662 | -4.7% |
| Fixed assets | 21/28 | €2,443,194 | €2,385,045 | -€58,149 | -2.4% |
| Intangible fixed assets | 21 | €40,708 | €118,455 | +€77,748 | +191% |
| Tangible fixed assets | 22/27 | €2,402,486 | €2,266,590 | -€135,896 | -5.7% |
| Land and buildings | 22 | €286,920 | €283,643 | -€3,278 | -1.1% |
| Plant, machinery and equipment | 23 | €1,950,547 | €1,817,322 | -€133,225 | -6.8% |
| Furniture and vehicles | 24 | €135,586 | €111,946 | -€23,640 | -17.4% |
| Leasing and similar rights | 25 | €29,433 | €3,509 | -€25,924 | -88.1% |
| Assets under construction and advance payments | 27 | - | €50,171 | +€50,171 | |
| Current assets | 29/58 | €1,433,843 | €1,308,330 | -€125,513 | -8.8% |
| Stocks and contracts in progress | 3 | €374,101 | €339,863 | -€34,238 | -9.2% |
| Stocks | 30/36 | €374,101 | €339,863 | -€34,238 | -9.2% |
| Amounts receivable within one year | 40/41 | €596,308 | €438,747 | -€157,561 | -26.4% |
| Trade receivables | 40 | €579,608 | €438,747 | -€140,861 | -24.3% |
| Other amounts receivable | 41 | €16,700 | - | -€16,700 | |
| Cash at bank and in hand | 54/58 | €463,434 | €529,719 | +€66,285 | +14.3% |
| Total equity and liabilities | 10/49 | €3,877,037 | €3,693,375 | -€183,662 | -4.7% |
| Equity | 10/15 | €1,675,143 | €1,945,882 | +€270,739 | +16.2% |
| Contributions | 10/11 | €903,454 | €903,454 | = | 0.0% |
| Reserves | 13 | €771,689 | €1,042,428 | +€270,739 | +35.1% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €681,689 | €952,428 | +€270,739 | +39.7% |
| Amounts payable | 17/49 | €2,201,894 | €1,747,493 | -€454,401 | -20.6% |
| Amounts payable after more than one year | 17 | €416,325 | €260,587 | -€155,739 | -37.4% |
| Financial debts | 170/4 | €416,325 | €241,494 | -€174,831 | -42.0% |
| Advances received on contracts in progress | 176 | - | €19,093 | +€19,093 | |
| Amounts payable within one year | 42/48 | €1,785,568 | €1,486,906 | -€298,662 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €205,922 | €155,739 | -€50,184 | -24.4% |
| Trade debts | 44 | €536,301 | €354,929 | -€181,371 | -33.8% |
| Suppliers | 440/4 | €536,301 | €354,929 | -€181,371 | -33.8% |
| Taxes, remuneration and social security | 45 | €174,122 | €125,351 | -€48,772 | -28.0% |
| Taxes | 450/3 | €123,823 | €95,786 | -€28,037 | -22.6% |
| Remuneration and social security | 454/9 | €50,299 | €29,564 | -€20,735 | -41.2% |
| Other amounts payable | 47/48 | €869,223 | €850,887 | -€18,336 | -2.1% |
| Non-recurring operating income | 76A | €1,401 | €4,315 | +€2,914 | +208% |
| Remuneration, social security and pensions | 62 | €554,126 | €538,145 | -€15,981 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409,776 | €431,337 | +€21,562 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,047 | €10,897 | -€9,149 | -45.6% |
| Other operating charges | 640/8 | €17,339 | €14,113 | -€3,226 | -18.6% |
| Non-recurring operating charges | 66A | - | €4,691 | +€4,691 | |
| Gross operating margin | 9900 | €1,404,899 | €1,576,369 | +€171,470 | +12.2% |
| Operating profit (loss) | 9901 | €403,612 | €577,185 | +€173,573 | +43.0% |
| Financial income | 75/76B | €6,299 | €2,765 | -€3,534 | -56.1% |
| Recurring financial income | 75 | €6,299 | €2,765 | -€3,534 | -56.1% |
| Financial charges | 65/66B | €65,264 | €62,118 | -€3,146 | -4.8% |
| Recurring financial charges | 65 | €65,264 | €62,118 | -€3,146 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €344,647 | €517,832 | +€173,185 | +50.3% |
| Income taxes | 67/77 | €100,168 | €147,093 | +€46,925 | +46.8% |
| Profit (loss) for the period | 9904 | €244,479 | €370,739 | +€126,260 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €244,479 | €370,739 | +€126,260 | +51.6% |
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 28 October 2026 via checked.be.