Sémiramis: 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.
Sémiramis
Largest movements
- Cash +€246,405
up €246,405 (+292%), from €84,331 to €330,736
mainly Net result for the year (+€195,466) and Receivables within one year (+€73,732)
- Receivables within one year -€73,732
down €73,732 (-40.0%), from €184,452 to €110,720
of which Trade receivables: -€71,952
- Tangible fixed assets -€13,622
down €13,622 (-35.6%), from €38,295 to €24,673
of which Furniture and vehicles: -€13,198
- Profit (loss) carried forward +€112,379
no longer reported in 2025 (was -€112,379)
- Reserves +€83,087
up €83,087 (+46.1%), from €180,365 to €263,452
- Debts within one year -€27,725
down €27,725 (-12.0%), from €230,702 to €202,977
of which Current portion of long-term debt: -€36,339
- Accrued charges and deferred income -€8,690
no longer reported in 2025 (was €8,690)
- Gross operating margin +€303,545
up €303,545 (+32.0%), from €948,957 to €1.3m
- Staff costs -€24,987
down €24,987 (-2.4%), from €1.0m to €1.0m
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 | €307,378 | €466,429 | +€159,051 | +51.7% |
| Fixed assets | 21/28 | €38,595 | €24,973 | -€13,622 | -35.3% |
| Tangible fixed assets | 22/27 | €38,295 | €24,673 | -€13,622 | -35.6% |
| Plant, machinery and equipment | 23 | €1,626 | €1,202 | -€423 | -26.0% |
| Furniture and vehicles | 24 | €36,669 | €23,471 | -€13,198 | -36.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €268,783 | €441,456 | +€172,673 | +64.2% |
| Amounts receivable within one year | 40/41 | €184,452 | €110,720 | -€73,732 | -40.0% |
| Trade receivables | 40 | €80,764 | €8,812 | -€71,952 | -89.1% |
| Other amounts receivable | 41 | €103,689 | €101,909 | -€1,780 | -1.7% |
| Cash at bank and in hand | 54/58 | €84,331 | €330,736 | +€246,405 | +292% |
| Total equity and liabilities | 10/49 | €307,378 | €466,429 | +€159,051 | +51.7% |
| Equity | 10/15 | €67,986 | €263,452 | +€195,466 | +288% |
| Reserves | 13 | €180,365 | €263,452 | +€83,087 | +46.1% |
| Profit (loss) carried forward | 14 | -€112,379 | - | +€112,379 | |
| Amounts payable | 17/49 | €239,392 | €202,977 | -€36,415 | -15.2% |
| Amounts payable within one year | 42/48 | €230,702 | €202,977 | -€27,725 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €36,339 | - | -€36,339 | |
| Trade debts | 44 | €2,077 | €16,751 | +€14,673 | +706% |
| Suppliers | 440/4 | €2,077 | €16,751 | +€14,673 | +706% |
| Taxes, remuneration and social security | 45 | €188,887 | €186,226 | -€2,661 | -1.4% |
| Taxes | 450/3 | €28,084 | €28,641 | +€557 | +2.0% |
| Remuneration and social security | 454/9 | €160,803 | €157,585 | -€3,218 | -2.0% |
| Accrued charges and deferred income | 492/3 | €8,690 | - | -€8,690 | |
| Non-recurring operating income | 76A | €829 | €6,755 | +€5,926 | +715% |
| Remuneration, social security and pensions | 62 | €1,039,138 | €1,014,151 | -€24,987 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,772 | €15,685 | -€4,088 | -20.7% |
| Other operating charges | 640/8 | €4,687 | €4,157 | -€529 | -11.3% |
| Non-recurring operating charges | 66A | €12,168 | €2,421 | -€9,747 | -80.1% |
| Gross operating margin | 9900 | €948,957 | €1,252,502 | +€303,545 | +32.0% |
| Operating profit (loss) | 9901 | -€126,808 | €216,088 | +€342,896 | |
| Financial income | 75/76B | €172 | €64 | -€107 | -62.6% |
| Recurring financial income | 75 | €172 | €64 | -€107 | -62.6% |
| Financial charges | 65/66B | €30,434 | €20,687 | -€9,747 | -32.0% |
| Recurring financial charges | 65 | €30,434 | €20,687 | -€9,747 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€157,070 | €195,466 | +€352,536 | |
| Profit (loss) for the period | 9904 | -€157,070 | €195,466 | +€352,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€157,070 | €195,466 | +€352,536 |
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 16 October 2026 via checked.be.