SEMINCK Marc: 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 Marc
Largest movements
- Tangible fixed assets +€27,594
up €27,594 (+74.9%), from €36,854 to €64,448
of which Furniture and vehicles: +€30,479
- Receivables within one year -€5,922
down €5,922 (-64.3%), from €9,207 to €3,284
of which Trade receivables: -€6,529
- Cash +€2,872
up €2,872 (+133%), from €2,165 to €5,037
mainly Other debts (+€34,880) and Depreciation (+€14,932)
- Financial fixed assets -€980
no longer reported in 2025 (was €980)
- Other debts +€34,880
up €34,880 (+72.7%), from €47,997 to €82,877
- Debts after one year -€20,254
down €20,254 (-35.7%), from €56,657 to €36,403
- Current portion of long-term debt +€14,461
up €14,461 (+31.6%), from €45,762 to €60,223
- Profit (loss) carried forward -€6,044
down €6,044 (-4.1%), from -€146,899 to -€152,943
- Trade debts +€2,138
up €2,138 (+43.9%), from €4,868 to €7,007
- Gross operating margin -€4,289
down €4,289 (-26.8%), from €15,982 to €11,692
- Depreciation +€4,027
up €4,027 (+36.9%), from €10,905 to €14,932
- Financial charges -€1,983
down €1,983 (-47.6%), from €4,164 to €2,181
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 | €49,665 | €73,252 | +€23,588 | +47.5% |
| Fixed assets | 21/28 | €37,834 | €64,448 | +€26,614 | +70.3% |
| Tangible fixed assets | 22/27 | €36,854 | €64,448 | +€27,594 | +74.9% |
| Plant, machinery and equipment | 23 | €24,828 | €21,942 | -€2,886 | -11.6% |
| Furniture and vehicles | 24 | €12,026 | €42,506 | +€30,479 | +253% |
| Financial fixed assets | 28 | €980 | - | -€980 | |
| Current assets | 29/58 | €11,831 | €8,805 | -€3,026 | -25.6% |
| Amounts receivable within one year | 40/41 | €9,207 | €3,284 | -€5,922 | -64.3% |
| Trade receivables | 40 | €6,529 | - | -€6,529 | |
| Other amounts receivable | 41 | €2,678 | €3,284 | +€606 | +22.6% |
| Cash at bank and in hand | 54/58 | €2,165 | €5,037 | +€2,872 | +133% |
| Deferred charges and accrued income | 490/1 | €458 | €483 | +€25 | +5.5% |
| Total equity and liabilities | 10/49 | €49,665 | €73,252 | +€23,588 | +47.5% |
| Equity | 10/15 | -€107,796 | -€113,840 | -€6,044 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,503 | €20,503 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,989 | €1,989 | = | 0.0% |
| Distributable reserves | 133 | €18,514 | €18,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,899 | -€152,943 | -€6,044 | -4.1% |
| Amounts payable | 17/49 | €157,461 | €187,092 | +€29,632 | +18.8% |
| Amounts payable after more than one year | 17 | €56,657 | €36,403 | -€20,254 | -35.7% |
| Financial debts | 170/4 | €56,657 | €36,403 | -€20,254 | -35.7% |
| Amounts payable within one year | 42/48 | €99,453 | €150,689 | +€51,236 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €45,762 | €60,223 | +€14,461 | +31.6% |
| Trade debts | 44 | €4,868 | €7,007 | +€2,138 | +43.9% |
| Suppliers | 440/4 | €4,868 | €7,007 | +€2,138 | +43.9% |
| Taxes, remuneration and social security | 45 | €825 | €583 | -€243 | -29.4% |
| Taxes | 450/3 | €825 | €583 | -€243 | -29.4% |
| Other amounts payable | 47/48 | €47,997 | €82,877 | +€34,880 | +72.7% |
| Accrued charges and deferred income | 492/3 | €1,351 | - | -€1,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,905 | €14,932 | +€4,027 | +36.9% |
| Other operating charges | 640/8 | €748 | €632 | -€116 | -15.5% |
| Gross operating margin | 9900 | €15,982 | €11,692 | -€4,289 | -26.8% |
| Operating profit (loss) | 9901 | €4,329 | -€3,872 | -€8,201 | |
| Financial income | 75/76B | €86 | €9 | -€77 | -89.4% |
| Recurring financial income | 75 | €86 | €9 | -€77 | -89.4% |
| Financial charges | 65/66B | €4,164 | €2,181 | -€1,983 | -47.6% |
| Recurring financial charges | 65 | €4,164 | €2,181 | -€1,983 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €251 | -€6,044 | -€6,295 | |
| Profit (loss) for the period | 9904 | €251 | -€6,044 | -€6,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €251 | -€6,044 | -€6,295 |
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 17 October 2026 via checked.be.