SEMINVEST: what changed
SEMINVEST
Largest movements
- Financial fixed assets +€186,330
up €186,330 (+2.8%), from €6.7m to €6.8m
- Receivables within one year +€147,025
up €147,025 (+137%), from €106,951 to €253,977
- Cash +€81,107
up €81,107 (+323%), from €25,132 to €106,239
mainly Net result for the year (+€865,797) and Current portion of long-term debt (+€19,188)
- Reserves +€865,797
up €865,797 (+21.8%), from €4.0m to €4.8m
- Debts after one year -€313,097
down €313,097 (-17.0%), from €1.8m to €1.5m
of which Financial debts: -€313,097
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Financial income +€790,000
up €790,000 (+790%), from €100,000 to €890,000
- Gross operating margin +€55,505
up €55,505, from -€23,346 to €32,159
- Financial charges +€35,226
up €35,226 (+177%), from €19,906 to €55,132
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,792,281 | €7,206,743 | +€414,462 | +6.1% |
| Fixed assets | 21/28 | €6,660,197 | €6,846,527 | +€186,330 | +2.8% |
| Financial fixed assets | 28 | €6,660,197 | €6,846,527 | +€186,330 | +2.8% |
| Current assets | 29/58 | €132,084 | €360,215 | +€228,132 | +173% |
| Amounts receivable within one year | 40/41 | €106,951 | €253,977 | +€147,025 | +137% |
| Other amounts receivable | 41 | €106,951 | €253,977 | +€147,025 | +137% |
| Cash at bank and in hand | 54/58 | €25,132 | €106,239 | +€81,107 | +323% |
| Total equity and liabilities | 10/49 | €6,792,281 | €7,206,743 | +€414,462 | +6.1% |
| Equity | 10/15 | €4,479,322 | €5,345,118 | +€865,797 | +19.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €3,979,322 | €4,845,118 | +€865,797 | +21.8% |
| Distributable reserves | 133 | €3,979,322 | €4,845,118 | +€865,797 | +21.8% |
| Amounts payable | 17/49 | €2,312,959 | €1,861,625 | -€451,335 | -19.5% |
| Amounts payable after more than one year | 17 | €1,843,219 | €1,530,123 | -€313,097 | -17.0% |
| Financial debts | 170/4 | €1,543,219 | €1,230,123 | -€313,097 | -20.3% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €469,740 | €331,502 | -€138,238 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €309,799 | €328,986 | +€19,188 | +6.2% |
| Trade debts | 44 | €56,497 | €696 | -€55,801 | -98.8% |
| Suppliers | 440/4 | €56,497 | €696 | -€55,801 | -98.8% |
| Taxes, remuneration and social security | 45 | €3,444 | €1,819 | -€1,625 | -47.2% |
| Taxes | 450/3 | €3,444 | €1,819 | -€1,625 | -47.2% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Other operating charges | 640/8 | €1,108 | €1,230 | +€122 | +11.0% |
| Gross operating margin | 9900 | -€23,346 | €32,159 | +€55,505 | |
| Operating profit (loss) | 9901 | -€24,454 | €30,929 | +€55,382 | |
| Financial income | 75/76B | €100,000 | €890,000 | +€790,000 | +790% |
| Recurring financial income | 75 | €100,000 | €890,000 | +€790,000 | +790% |
| Financial charges | 65/66B | €19,906 | €55,132 | +€35,226 | +177% |
| Recurring financial charges | 65 | €19,906 | €55,132 | +€35,226 | +177% |
| Profit (loss) for the period before taxes | 9903 | €55,640 | €865,797 | +€810,157 | +1,456% |
| Profit (loss) for the period | 9904 | €55,640 | €865,797 | +€810,157 | +1,456% |
| Profit (loss) for the period to be appropriated | 9905 | €55,640 | €865,797 | +€810,157 | +1,456% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.