SEMKO: 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.
SEMKO
Largest movements
- Receivables within one year -€20,189
down €20,189 (-46.7%), from €43,258 to €23,069
- Cash +€15,860
up €15,860 (+408%), from €3,885 to €19,745
mainly Receivables within one year (+€20,189) and Net result for the year (+€7,795)
- Tax, wage and social debts -€8,360
down €8,360 (-70.0%), from €11,942 to €3,582
of which Remuneration and social security: -€10,084
- Profit (loss) carried forward +€7,795
up €7,795 (+15.3%), from -€51,040 to -€43,245
- Trade debts -€4,929
down €4,929 (-22.1%), from €22,264 to €17,335
- Accrued charges and deferred income +€1,165
new in 2025: €1,165
- Staff costs -€37,222
down €37,222 (-70.7%), from €52,627 to €15,406
- Gross operating margin -€30,884
down €30,884 (-55.1%), from €56,025 to €25,141
- Financial charges +€1,004
up €1,004 (+223%), from €450 to €1,454
- Financial income -€738
down €738 (-99.9%), from €738 to €1
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 | €47,143 | €42,814 | -€4,329 | -9.2% |
| Current assets | 29/58 | €47,143 | €42,814 | -€4,329 | -9.2% |
| Amounts receivable within one year | 40/41 | €43,258 | €23,069 | -€20,189 | -46.7% |
| Trade receivables | 40 | €43,258 | €23,069 | -€20,189 | -46.7% |
| Cash at bank and in hand | 54/58 | €3,885 | €19,745 | +€15,860 | +408% |
| Total equity and liabilities | 10/49 | €47,143 | €42,814 | -€4,329 | -9.2% |
| Equity | 10/15 | -€30,635 | -€22,840 | +€7,795 | +25.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,040 | -€43,245 | +€7,795 | +15.3% |
| Amounts payable | 17/49 | €77,778 | €65,654 | -€12,124 | -15.6% |
| Amounts payable within one year | 42/48 | €77,778 | €64,489 | -€13,289 | -17.1% |
| Trade debts | 44 | €22,264 | €17,335 | -€4,929 | -22.1% |
| Suppliers | 440/4 | €22,264 | €17,335 | -€4,929 | -22.1% |
| Taxes, remuneration and social security | 45 | €11,942 | €3,582 | -€8,360 | -70.0% |
| Taxes | 450/3 | €1,858 | €3,582 | +€1,724 | +92.8% |
| Remuneration and social security | 454/9 | €10,084 | - | -€10,084 | |
| Other amounts payable | 47/48 | €43,572 | €43,572 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,165 | +€1,165 | |
| Remuneration, social security and pensions | 62 | €52,627 | €15,406 | -€37,222 | -70.7% |
| Other operating charges | 640/8 | €1,044 | €487 | -€557 | -53.3% |
| Gross operating margin | 9900 | €56,025 | €25,141 | -€30,884 | -55.1% |
| Operating profit (loss) | 9901 | €2,354 | €9,248 | +€6,894 | +293% |
| Financial income | 75/76B | €738 | €1 | -€738 | -99.9% |
| Recurring financial income | 75 | €738 | €1 | -€738 | -99.9% |
| Financial charges | 65/66B | €450 | €1,454 | +€1,004 | +223% |
| Recurring financial charges | 65 | €450 | €1,454 | +€1,004 | +223% |
| Profit (loss) for the period before taxes | 9903 | €2,642 | €7,795 | +€5,153 | +195% |
| Profit (loss) for the period | 9904 | €2,642 | €7,795 | +€5,153 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €2,642 | €7,795 | +€5,153 | +195% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.