SEMO CONSULTING: what changed
Two fiscal 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.
SEMO CONSULTING
Largest movements
- Receivables within one year +€4,742
up €4,742 (+56.9%), from €8,336 to €13,079
of which Trade receivables: +€4,655
- Tangible fixed assets -€3,819
down €3,819 (-31.9%), from €11,962 to €8,143
of which Furniture and vehicles: -€4,696
- Cash +€2,449
up €2,449 (+10.0%), from €24,381 to €26,830
mainly Net result for the year (+€18,177) and Depreciation (+€6,035)
- Debts after one year -€5,455
down €5,455 (-85.4%), from €6,389 to €934
- Reserves +€4,177
new in 2025: €4,177
- Tax, wage and social debts +€2,269
up €2,269 (+13.3%), from €17,015 to €19,284
of which Taxes: +€3,069
- Other debts +€2,088
up €2,088 (+17.5%), from €11,912 to €14,000
- Gross operating margin +€7,873
up €7,873 (+27.6%), from €28,493 to €36,366
- Taxes +€1,500
up €1,500 (+28.6%), from €5,243 to €6,743
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.
Cash bridge derived
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 | €44,895 | €48,251 | +€3,356 | +7.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,962 | €8,143 | -€3,819 | -31.9% |
| Tangible fixed assets | 22/27 | €11,962 | €8,143 | -€3,819 | -31.9% |
| Furniture and vehicles | 24 | €11,962 | €7,266 | -€4,696 | -39.3% |
| Other tangible fixed assets | 26 | - | €877 | +€877 | |
| Current assets | 29/58 | €32,933 | €40,108 | +€7,175 | +21.8% |
| Amounts receivable within one year | 40/41 | €8,336 | €13,079 | +€4,742 | +56.9% |
| Trade receivables | 40 | €8,336 | €12,991 | +€4,655 | +55.8% |
| Other amounts receivable | 41 | €0 | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €24,381 | €26,830 | +€2,449 | +10.0% |
| Deferred charges and accrued income | 490/1 | €215 | €199 | -€16 | -7.4% |
| Total equity and liabilities | 10/49 | €44,895 | €48,251 | +€3,356 | +7.5% |
| Equity | 10/15 | €4,000 | €8,177 | +€4,177 | +104.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €4,177 | +€4,177 | |
| Distributable reserves | 133 | - | €4,177 | +€4,177 | |
| Amounts payable | 17/49 | €40,895 | €40,074 | -€820 | -2.0% |
| Amounts payable after more than one year | 17 | €6,389 | €934 | -€5,455 | -85.4% |
| Financial debts | 170/4 | €6,389 | €934 | -€5,455 | -85.4% |
| Amounts payable within one year | 42/48 | €34,505 | €39,140 | +€4,635 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €5,210 | €5,455 | +€246 | +4.7% |
| Trade debts | 44 | €369 | €401 | +€32 | +8.5% |
| Suppliers | 440/4 | €369 | €401 | +€32 | +8.5% |
| Taxes, remuneration and social security | 45 | €17,015 | €19,284 | +€2,269 | +13.3% |
| Taxes | 450/3 | €16,215 | €19,284 | +€3,069 | +18.9% |
| Remuneration and social security | 454/9 | €800 | €0 | -€800 | -100.0% |
| Other amounts payable | 47/48 | €11,912 | €14,000 | +€2,088 | +17.5% |
| Remuneration, social security and pensions | 62 | €3,667 | €3,929 | +€262 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,734 | €6,035 | +€301 | +5.3% |
| Other operating charges | 640/8 | €1,307 | €1,005 | -€302 | -23.1% |
| Gross operating margin | 9900 | €28,493 | €36,366 | +€7,873 | +27.6% |
| Operating profit (loss) | 9901 | €17,785 | €25,397 | +€7,612 | +42.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €664 | €480 | -€184 | -27.7% |
| Recurring financial charges | 65 | €664 | €480 | -€184 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €17,121 | €24,919 | +€7,799 | +45.6% |
| Income taxes | 67/77 | €5,243 | €6,743 | +€1,500 | +28.6% |
| Profit (loss) for the period | 9904 | €11,878 | €18,177 | +€6,299 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,878 | €18,177 | +€6,299 | +53.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.