Semtext: 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.
Semtext
Largest movements
- Cash -€10,794
down €10,794 (-58.0%), from €18,606 to €7,812
mainly Debts after one year (-€13,749) and Investment in fixed assets (net) (-€4,219)
- Intangible fixed assets -€5,550
down €5,550 (-36.4%), from €15,263 to €9,713
- Tangible fixed assets -€2,743
down €2,743 (-12.9%), from €21,186 to €18,443
of which Plant, machinery and equipment: -€2,604
- Receivables within one year -€1,378
no longer reported in 2025 (was €1,378)
- Deferred charges and accrued income +€803
new in 2025: €803
- Debts after one year -€13,749
down €13,749 (-35.6%), from €38,673 to €24,925
- Other debts -€1,981
down €1,981 (-3.1%), from €64,254 to €62,273
- Tax, wage and social debts -€1,893
down €1,893 (-54.6%), from €3,464 to €1,571
- Trade debts -€1,324
down €1,324 (-100.0%), from €1,324 to €0
- Profit (loss) carried forward -€1,062
down €1,062 (-1.4%), from -€76,163 to -€77,226
- Gross operating margin -€20,599
down €20,599 (-63.3%), from €32,516 to €11,917
- Financial income +€2,272
new in 2025: €2,272
- Depreciation +€1,397
up €1,397 (+12.6%), from €11,115 to €12,513
- Financial charges -€583
down €583 (-32.6%), from €1,787 to €1,204
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 | €56,433 | €36,771 | -€19,662 | -34.8% |
| Fixed assets | 21/28 | €36,449 | €28,155 | -€8,293 | -22.8% |
| Intangible fixed assets | 21 | €15,263 | €9,713 | -€5,550 | -36.4% |
| Tangible fixed assets | 22/27 | €21,186 | €18,443 | -€2,743 | -12.9% |
| Plant, machinery and equipment | 23 | €20,470 | €17,865 | -€2,604 | -12.7% |
| Furniture and vehicles | 24 | €717 | €578 | -€139 | -19.4% |
| Current assets | 29/58 | €19,984 | €8,615 | -€11,368 | -56.9% |
| Amounts receivable within one year | 40/41 | €1,378 | - | -€1,378 | |
| Trade receivables | 40 | €1,378 | - | -€1,378 | |
| Cash at bank and in hand | 54/58 | €18,606 | €7,812 | -€10,794 | -58.0% |
| Deferred charges and accrued income | 490/1 | - | €803 | +€803 | |
| Total equity and liabilities | 10/49 | €56,433 | €36,771 | -€19,662 | -34.8% |
| Equity | 10/15 | -€64,684 | -€65,747 | -€1,062 | -1.6% |
| Contributions | 10/11 | €9,619 | €9,619 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€76,163 | -€77,226 | -€1,062 | -1.4% |
| Amounts payable | 17/49 | €121,117 | €102,517 | -€18,599 | -15.4% |
| Amounts payable after more than one year | 17 | €38,673 | €24,925 | -€13,749 | -35.6% |
| Financial debts | 170/4 | €38,673 | €24,925 | -€13,749 | -35.6% |
| Amounts payable within one year | 42/48 | €82,443 | €77,593 | -€4,851 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €13,401 | €13,749 | +€348 | +2.6% |
| Trade debts | 44 | €1,324 | €0 | -€1,324 | -100.0% |
| Suppliers | 440/4 | €1,324 | €0 | -€1,324 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,464 | €1,571 | -€1,893 | -54.6% |
| Taxes | 450/3 | €3,464 | €1,571 | -€1,893 | -54.6% |
| Other amounts payable | 47/48 | €64,254 | €62,273 | -€1,981 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,115 | €12,513 | +€1,397 | +12.6% |
| Other operating charges | 640/8 | €1,388 | €1,394 | +€6 | +0.4% |
| Gross operating margin | 9900 | €32,516 | €11,917 | -€20,599 | -63.3% |
| Operating profit (loss) | 9901 | €20,013 | -€1,989 | -€22,002 | |
| Financial income | 75/76B | - | €2,272 | +€2,272 | |
| Recurring financial income | 75 | - | €2,272 | +€2,272 | |
| Financial charges | 65/66B | €1,787 | €1,204 | -€583 | -32.6% |
| Recurring financial charges | 65 | €1,787 | €1,204 | -€583 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €18,225 | -€922 | -€19,147 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €18,086 | -€1,062 | -€19,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,086 | -€1,062 | -€19,148 |
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 7 October 2026 via checked.be.