SEMRENO: 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.
SEMRENO
Largest movements
- Receivables within one year -€212,470
down €212,470 (-99.8%), from €212,970 to €500
of which Trade receivables: -€207,710
- Receivables after one year +€17,521
new in 2025: €17,521
- Trade debts -€199,416
down €199,416 (-100.0%), from €199,445 to €28
- Profit (loss) carried forward +€5,459
up €5,459, from -€3,826 to €1,634
- Taxes -€6,750
down €6,750 (-78.8%), from €8,569 to €1,820
- Gross operating margin -€2,195
down €2,195 (-22.0%), from €9,963 to €7,768
- Other operating charges -€605
down €605 (-59.6%), from €1,016 to €411
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 | €225,485 | €30,588 | -€194,897 | -86.4% |
| Current assets | 29/58 | €225,485 | €30,588 | -€194,897 | -86.4% |
| Amounts receivable after more than one year | 29 | - | €17,521 | +€17,521 | |
| Other amounts receivable | 291 | - | €17,521 | +€17,521 | |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €212,970 | €500 | -€212,470 | -99.8% |
| Trade receivables | 40 | €207,984 | €275 | -€207,710 | -99.9% |
| Other amounts receivable | 41 | €4,986 | €225 | -€4,761 | -95.5% |
| Cash at bank and in hand | 54/58 | €15 | €67 | +€52 | +356.0% |
| Total equity and liabilities | 10/49 | €225,485 | €30,588 | -€194,897 | -86.4% |
| Equity | 10/15 | €14,775 | €20,234 | +€5,459 | +37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,826 | €1,634 | +€5,459 | |
| Amounts payable | 17/49 | €210,710 | €10,354 | -€200,356 | -95.1% |
| Amounts payable within one year | 42/48 | €210,710 | €10,354 | -€200,356 | -95.1% |
| Trade debts | 44 | €199,445 | €28 | -€199,416 | -100.0% |
| Suppliers | 440/4 | €199,445 | €28 | -€199,416 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,365 | €1,425 | -€940 | -39.7% |
| Taxes | 450/3 | €2,365 | €1,425 | -€940 | -39.7% |
| Other amounts payable | 47/48 | €8,901 | €8,901 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,016 | €411 | -€605 | -59.6% |
| Gross operating margin | 9900 | €9,963 | €7,768 | -€2,195 | -22.0% |
| Operating profit (loss) | 9901 | €8,947 | €7,357 | -€1,589 | -17.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €86 | €78 | -€8 | -9.2% |
| Recurring financial charges | 65 | €86 | €78 | -€8 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €8,861 | €7,279 | -€1,582 | -17.8% |
| Income taxes | 67/77 | €8,569 | €1,820 | -€6,750 | -78.8% |
| Profit (loss) for the period | 9904 | €291 | €5,459 | +€5,168 | +1774.0% |
| Profit (loss) for the period to be appropriated | 9905 | €291 | €5,459 | +€5,168 | +1774.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.