SEMOULE GOLD: 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.
SEMOULE GOLD
Largest movements
- Stocks and contracts +€96,719
up €96,719 (+443%), from €21,833 to €118,552
- Receivables within one year -€82,027
down €82,027 (-39.8%), from €205,895 to €123,868
of which Other amounts receivable: -€71,142
- Cash -€38,253
down €38,253 (-68.8%), from €55,584 to €17,331
mainly Stocks and contracts (-€96,719) and Trade debts (-€29,931)
- Tangible fixed assets -€5,926
down €5,926 (-18.8%), from €31,581 to €25,655
of which Furniture and vehicles: -€5,176
- Trade debts -€29,931
down €29,931 (-17.8%), from €167,720 to €137,788
- Profit (loss) carried forward +€13,768
up €13,768 (+16.1%), from €85,670 to €99,438
- Tax, wage and social debts -€11,450
down €11,450 (-20.4%), from €56,146 to €44,696
of which Taxes: -€20,242
- Gross operating margin -€46,215
down €46,215 (-33.1%), from €139,648 to €93,433
- Taxes -€12,066
down €12,066 (-66.3%), from €18,192 to €6,126
- Staff costs +€8,304
up €8,304 (+25.1%), from €33,064 to €41,368
- Depreciation +€6,356
up €6,356 (+28.2%), from €22,570 to €28,926
- Other operating charges -€2,262
down €2,262 (-53.8%), from €4,205 to €1,943
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 | €316,237 | €286,923 | -€29,314 | -9.3% |
| Fixed assets | 21/28 | €31,581 | €25,655 | -€5,926 | -18.8% |
| Tangible fixed assets | 22/27 | €31,581 | €25,655 | -€5,926 | -18.8% |
| Furniture and vehicles | 24 | €28,930 | €23,754 | -€5,176 | -17.9% |
| Other tangible fixed assets | 26 | €2,651 | €1,901 | -€750 | -28.3% |
| Current assets | 29/58 | €284,656 | €261,268 | -€23,388 | -8.2% |
| Stocks and contracts in progress | 3 | €21,833 | €118,552 | +€96,719 | +443% |
| Stocks | 30/36 | €21,833 | €118,552 | +€96,719 | +443% |
| Amounts receivable within one year | 40/41 | €205,895 | €123,868 | -€82,027 | -39.8% |
| Trade receivables | 40 | €128,460 | €117,575 | -€10,885 | -8.5% |
| Other amounts receivable | 41 | €77,434 | €6,293 | -€71,142 | -91.9% |
| Cash at bank and in hand | 54/58 | €55,584 | €17,331 | -€38,253 | -68.8% |
| Deferred charges and accrued income | 490/1 | €1,344 | €1,517 | +€173 | +12.9% |
| Total equity and liabilities | 10/49 | €316,237 | €286,923 | -€29,314 | -9.3% |
| Equity | 10/15 | €90,670 | €104,438 | +€13,768 | +15.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,670 | €99,438 | +€13,768 | +16.1% |
| Amounts payable | 17/49 | €225,566 | €182,484 | -€43,082 | -19.1% |
| Amounts payable within one year | 42/48 | €223,866 | €182,484 | -€41,382 | -18.5% |
| Trade debts | 44 | €167,720 | €137,788 | -€29,931 | -17.8% |
| Suppliers | 440/4 | €167,720 | €137,788 | -€29,931 | -17.8% |
| Taxes, remuneration and social security | 45 | €56,146 | €44,696 | -€11,450 | -20.4% |
| Taxes | 450/3 | €44,560 | €24,318 | -€20,242 | -45.4% |
| Remuneration and social security | 454/9 | €11,587 | €20,378 | +€8,792 | +75.9% |
| Accrued charges and deferred income | 492/3 | €1,700 | - | -€1,700 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €33,064 | €41,368 | +€8,304 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,570 | €28,926 | +€6,356 | +28.2% |
| Other operating charges | 640/8 | €4,205 | €1,943 | -€2,262 | -53.8% |
| Gross operating margin | 9900 | €139,648 | €93,433 | -€46,215 | -33.1% |
| Operating profit (loss) | 9901 | €79,809 | €21,196 | -€58,612 | -73.4% |
| Financial income | 75/76B | €122 | €43 | -€79 | -64.4% |
| Recurring financial income | 75 | €122 | €43 | -€79 | -64.4% |
| Financial charges | 65/66B | €626 | €1,346 | +€720 | +115% |
| Recurring financial charges | 65 | €626 | €650 | +€24 | +3.8% |
| Non-recurring financial charges | 66B | - | €696 | +€696 | |
| Profit (loss) for the period before taxes | 9903 | €79,305 | €19,894 | -€59,411 | -74.9% |
| Income taxes | 67/77 | €18,192 | €6,126 | -€12,066 | -66.3% |
| Profit (loss) for the period | 9904 | €61,113 | €13,768 | -€47,345 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,113 | €13,768 | -€47,345 | -77.5% |
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.