SEMONE: 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.
SEMONE
Largest movements
- Cash +€205,239
up €205,239 (+95.2%), from €215,491 to €420,730
mainly Accrued charges and deferred income (+€201,000) and Net result for the year (+€131,704)
- Accrued charges and deferred income +€201,000
up €201,000 (+19.5%), from €1.0m to €1.2m
- Reserves +€149,447
up €149,447 (+2.4%), from €6.4m to €6.5m
- Financial income +€219,698
up €219,698 (+78.0%), from €281,799 to €501,497
- Financial charges +€210,895
up €210,895 (+637.3%), from €33,092 to €243,987
- Gross operating margin -€42,354
down €42,354 (-815.7%), from -€5,192 to -€47,546
- Taxes -€997
down €997 (-6.1%), from €16,267 to €15,270
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 | €11,445,826 | €11,754,548 | +€308,722 | +2.7% |
| Fixed assets | 21/28 | €509,856 | €456,288 | -€53,567 | -10.5% |
| Tangible fixed assets | 22/27 | €509,856 | €456,288 | -€53,567 | -10.5% |
| Land and buildings | 22 | €444,556 | €410,801 | -€33,755 | -7.6% |
| Furniture and vehicles | 24 | €65,300 | €45,487 | -€19,812 | -30.3% |
| Current assets | 29/58 | €10,935,970 | €11,298,260 | +€362,290 | +3.3% |
| Amounts receivable within one year | 40/41 | €74,841 | €169,725 | +€94,884 | +126.8% |
| Trade receivables | 40 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 41 | €59,841 | €169,725 | +€109,884 | +183.6% |
| Current investments | 50/53 | €10,638,405 | €10,707,806 | +€69,400 | +0.7% |
| Cash at bank and in hand | 54/58 | €215,491 | €420,730 | +€205,239 | +95.2% |
| Deferred charges and accrued income | 490/1 | €7,234 | - | -€7,234 | |
| Total equity and liabilities | 10/49 | €11,445,826 | €11,754,548 | +€308,722 | +2.7% |
| Equity | 10/15 | €10,367,271 | €10,499,447 | +€132,176 | +1.3% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €6,350,000 | €6,499,447 | +€149,447 | +2.4% |
| Distributable reserves | 133 | €6,350,000 | €6,499,447 | +€149,447 | +2.4% |
| Profit (loss) carried forward | 14 | €17,271 | - | -€17,271 | |
| Amounts payable | 17/49 | €1,078,555 | €1,255,101 | +€176,546 | +16.4% |
| Amounts payable within one year | 42/48 | €45,244 | €20,790 | -€24,454 | -54.0% |
| Trade debts | 44 | €7,311 | €2,566 | -€4,745 | -64.9% |
| Suppliers | 440/4 | €7,311 | €2,566 | -€4,745 | -64.9% |
| Taxes, remuneration and social security | 45 | €16,560 | - | -€16,560 | |
| Taxes | 450/3 | €16,560 | - | -€16,560 | |
| Other amounts payable | 47/48 | €21,374 | €18,224 | -€3,150 | -14.7% |
| Accrued charges and deferred income | 492/3 | €1,033,311 | €1,234,311 | +€201,000 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,528 | €59,180 | -€347 | -0.6% |
| Other operating charges | 640/8 | €4,061 | €3,810 | -€251 | -6.2% |
| Gross operating margin | 9900 | -€5,192 | -€47,546 | -€42,354 | -815.7% |
| Operating profit (loss) | 9901 | -€68,781 | -€110,536 | -€41,755 | -60.7% |
| Financial income | 75/76B | €281,799 | €501,497 | +€219,698 | +78.0% |
| Recurring financial income | 75 | €281,799 | €501,497 | +€219,698 | +78.0% |
| Financial charges | 65/66B | €33,092 | €243,987 | +€210,895 | +637.3% |
| Recurring financial charges | 65 | €33,092 | €243,987 | +€210,895 | +637.3% |
| Profit (loss) for the period before taxes | 9903 | €179,926 | €146,974 | -€32,953 | -18.3% |
| Income taxes | 67/77 | €16,267 | €15,270 | -€997 | -6.1% |
| Profit (loss) for the period | 9904 | €163,659 | €131,704 | -€31,955 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €163,659 | €131,704 | -€31,955 | -19.5% |
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 5 October 2026 via checked.be.