Semois Finances: 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.
Semois Finances
Largest movements
- Cash -€225,668
down €225,668 (-83.1%), from €271,649 to €45,981
mainly Receivables within one year (-€196,975) and Net result for the year (-€36,822)
- Receivables within one year +€196,975
up €196,975 (+113%), from €174,109 to €371,084
- Deferred charges and accrued income -€23,515
no longer reported in 2025 (was €23,515)
- Profit (loss) carried forward -€36,822
down €36,822 (-73.6%), from €50,038 to €13,216
- Tax, wage and social debts -€19,937
down €19,937 (-99.6%), from €20,027 to €90
- Financial income -€521,133
no longer reported in 2025 (was €521,133)
- Financial charges -€101,516
down €101,516 (-99.8%), from €101,734 to €218
of which Non-recurring financial charges: -€101,500
- Provisions +€4,500
new in 2025: €4,500
- Gross operating margin +€1,822
up €1,822 (+12.8%), from -€14,253 to -€12,431
- Taxes -€892
down €892 (-4.5%), from €19,778 to €18,886
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 | €469,481 | €417,065 | -€52,416 | -11.2% |
| Fixed assets | 21/28 | €208 | - | -€208 | |
| Financial fixed assets | 28 | €208 | - | -€208 | |
| Current assets | 29/58 | €469,273 | €417,065 | -€52,208 | -11.1% |
| Amounts receivable within one year | 40/41 | €174,109 | €371,084 | +€196,975 | +113% |
| Other amounts receivable | 41 | €174,109 | €371,084 | +€196,975 | +113% |
| Cash at bank and in hand | 54/58 | €271,649 | €45,981 | -€225,668 | -83.1% |
| Deferred charges and accrued income | 490/1 | €23,515 | - | -€23,515 | |
| Total equity and liabilities | 10/49 | €469,481 | €417,065 | -€52,416 | -11.2% |
| Equity | 10/15 | €449,298 | €412,476 | -€36,822 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €386,860 | €386,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €385,000 | €385,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,038 | €13,216 | -€36,822 | -73.6% |
| Provisions and deferred taxes | 16 | - | €4,500 | +€4,500 | |
| Provisions for liabilities and charges | 160/5 | - | €4,500 | +€4,500 | |
| Other liabilities and charges | 164/5 | - | €4,500 | +€4,500 | |
| Amounts payable | 17/49 | €20,183 | €90 | -€20,094 | -99.6% |
| Amounts payable within one year | 42/48 | €20,170 | €90 | -€20,081 | -99.6% |
| Trade debts | 44 | €143 | - | -€143 | |
| Suppliers | 440/4 | €143 | - | -€143 | |
| Taxes, remuneration and social security | 45 | €20,027 | €90 | -€19,937 | -99.6% |
| Taxes | 450/3 | €20,027 | €90 | -€19,937 | -99.6% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,500 | +€4,500 | |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Non-recurring operating charges | 66A | €368 | - | -€368 | |
| Gross operating margin | 9900 | -€14,253 | -€12,431 | +€1,822 | +12.8% |
| Operating profit (loss) | 9901 | -€14,621 | -€17,718 | -€3,097 | -21.2% |
| Financial income | 75/76B | €521,133 | - | -€521,133 | |
| Recurring financial income | 75 | €521,133 | - | -€521,133 | |
| Financial charges | 65/66B | €101,734 | €218 | -€101,516 | -99.8% |
| Recurring financial charges | 65 | €234 | €218 | -€16 | -6.9% |
| Non-recurring financial charges | 66B | €101,500 | - | -€101,500 | |
| Profit (loss) for the period before taxes | 9903 | €404,778 | -€17,936 | -€422,714 | |
| Income taxes | 67/77 | €19,778 | €18,886 | -€892 | -4.5% |
| Profit (loss) for the period | 9904 | €385,000 | -€36,822 | -€421,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €385,000 | -€36,822 | -€421,822 |
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 22 October 2026 via checked.be.