SEMSERVICES: 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.
SEMSERVICES
Largest movements
- Tangible fixed assets -€12,943
down €12,943 (-23.2%), from €55,868 to €42,925
of which Furniture and vehicles: -€7,849
- Stocks and contracts +€4,349
up €4,349 (+35.5%), from €12,235 to €16,584
- Receivables within one year -€3,517
down €3,517 (-13.4%), from €26,329 to €22,812
of which Trade receivables: -€1,953
- Deferred charges and accrued income -€1,252
down €1,252 (-22.0%), from €5,677 to €4,425
- Debts after one year -€8,255
down €8,255 (-46.3%), from €17,814 to €9,560
- Profit (loss) carried forward -€5,977
down €5,977 (-9.9%), from €60,211 to €54,234
- Trade debts -€5,965
down €5,965 (-80.0%), from €7,460 to €1,495
- Tax, wage and social debts +€5,851
up €5,851 (+81.4%), from €7,186 to €13,037
of which Remuneration and social security: +€6,814
- Other debts +€4,776
up €4,776 (+586%), from €815 to €5,591
- Gross operating margin -€33,115
down €33,115 (-25.1%), from €132,163 to €99,048
- Staff costs -€23,150
down €23,150 (-21.8%), from €106,340 to €83,189
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 | €111,814 | €99,109 | -€12,706 | -11.4% |
| Fixed assets | 21/28 | €55,868 | €42,925 | -€12,943 | -23.2% |
| Tangible fixed assets | 22/27 | €55,868 | €42,925 | -€12,943 | -23.2% |
| Plant, machinery and equipment | 23 | €30,053 | €24,959 | -€5,094 | -17.0% |
| Furniture and vehicles | 24 | €25,815 | €17,966 | -€7,849 | -30.4% |
| Current assets | 29/58 | €55,946 | €56,184 | +€238 | +0.4% |
| Stocks and contracts in progress | 3 | €12,235 | €16,584 | +€4,349 | +35.5% |
| Stocks | 30/36 | €12,235 | €16,584 | +€4,349 | +35.5% |
| Amounts receivable within one year | 40/41 | €26,329 | €22,812 | -€3,517 | -13.4% |
| Trade receivables | 40 | €10,770 | €8,817 | -€1,953 | -18.1% |
| Other amounts receivable | 41 | €15,559 | €13,995 | -€1,564 | -10.1% |
| Cash at bank and in hand | 54/58 | €11,706 | €12,363 | +€657 | +5.6% |
| Deferred charges and accrued income | 490/1 | €5,677 | €4,425 | -€1,252 | -22.0% |
| Total equity and liabilities | 10/49 | €111,814 | €99,109 | -€12,706 | -11.4% |
| Equity | 10/15 | €64,211 | €58,234 | -€5,977 | -9.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,211 | €54,234 | -€5,977 | -9.9% |
| Amounts payable | 17/49 | €47,604 | €40,875 | -€6,729 | -14.1% |
| Amounts payable after more than one year | 17 | €17,814 | €9,560 | -€8,255 | -46.3% |
| Financial debts | 170/4 | €17,814 | €9,560 | -€8,255 | -46.3% |
| Amounts payable within one year | 42/48 | €29,789 | €31,316 | +€1,526 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €14,329 | €11,192 | -€3,137 | -21.9% |
| Trade debts | 44 | €7,460 | €1,495 | -€5,965 | -80.0% |
| Suppliers | 440/4 | €7,460 | €1,495 | -€5,965 | -80.0% |
| Taxes, remuneration and social security | 45 | €7,186 | €13,037 | +€5,851 | +81.4% |
| Taxes | 450/3 | €2,748 | €1,785 | -€963 | -35.0% |
| Remuneration and social security | 454/9 | €4,438 | €11,252 | +€6,814 | +154% |
| Other amounts payable | 47/48 | €815 | €5,591 | +€4,776 | +586% |
| Remuneration, social security and pensions | 62 | €106,340 | €83,189 | -€23,150 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,731 | €20,606 | -€1,125 | -5.2% |
| Other operating charges | 640/8 | €1,113 | €1,056 | -€57 | -5.1% |
| Gross operating margin | 9900 | €132,163 | €99,048 | -€33,115 | -25.1% |
| Operating profit (loss) | 9901 | €2,980 | -€5,803 | -€8,783 | |
| Financial income | 75/76B | €768 | €1,069 | +€301 | +39.3% |
| Recurring financial income | 75 | €768 | €1,069 | +€301 | +39.3% |
| Financial charges | 65/66B | €1,529 | €1,111 | -€417 | -27.3% |
| Recurring financial charges | 65 | €1,529 | €1,111 | -€417 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €2,219 | -€5,845 | -€8,064 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €2,091 | -€5,977 | -€8,068 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,091 | -€5,977 | -€8,068 |
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 17 October 2026 via checked.be.