SEMV.VO: 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.
SEMV.VO
Largest movements
- Receivables within one year -€9,075
down €9,075 (-27.0%), from €33,592 to €24,518
of which Trade receivables: -€6,562
- Tangible fixed assets +€5,759
up €5,759 (+13.8%), from €41,859 to €47,618
of which Plant, machinery and equipment: +€15,924
- Debts after one year -€8,843
down €8,843 (-70.0%), from €12,634 to €3,791
- Other debts +€7,421
up €7,421 (+250.7%), from €2,961 to €10,382
- Profit (loss) carried forward -€6,688
down €6,688 (-39.1%), from €17,093 to €10,405
- Trade debts +€2,723
up €2,723 (+41.4%), from €6,573 to €9,295
- Tax, wage and social debts +€1,114
up €1,114 (+11.3%), from €9,851 to €10,965
- Gross operating margin -€43,151
down €43,151 (-34.2%), from €126,213 to €83,063
- Taxes -€6,763
down €6,763 (-98.0%), from €6,904 to €141
- Staff costs -€4,104
down €4,104 (-5.1%), from €81,070 to €76,966
- Depreciation +€2,263
up €2,263 (+27.7%), from €8,171 to €10,434
- Other operating charges +€1,381
up €1,381 (+3981.9%), from €35 to €1,415
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,451 | €72,136 | -€3,316 | -4.4% |
| Fixed assets | 21/28 | €41,859 | €47,618 | +€5,759 | +13.8% |
| Tangible fixed assets | 22/27 | €41,859 | €47,618 | +€5,759 | +13.8% |
| Plant, machinery and equipment | 23 | - | €15,924 | +€15,924 | |
| Furniture and vehicles | 24 | €41,859 | €31,695 | -€10,165 | -24.3% |
| Current assets | 29/58 | €33,592 | €24,518 | -€9,075 | -27.0% |
| Amounts receivable within one year | 40/41 | €33,592 | €24,518 | -€9,075 | -27.0% |
| Trade receivables | 40 | €31,079 | €24,518 | -€6,562 | -21.1% |
| Other amounts receivable | 41 | €2,513 | - | -€2,513 | |
| Total equity and liabilities | 10/49 | €75,451 | €72,136 | -€3,316 | -4.4% |
| Equity | 10/15 | €32,093 | €25,405 | -€6,688 | -20.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,093 | €10,405 | -€6,688 | -39.1% |
| Amounts payable | 17/49 | €43,358 | €46,731 | +€3,372 | +7.8% |
| Amounts payable after more than one year | 17 | €12,634 | €3,791 | -€8,843 | -70.0% |
| Financial debts | 170/4 | €12,634 | €3,791 | -€8,843 | -70.0% |
| Amounts payable within one year | 42/48 | €30,725 | €42,940 | +€12,215 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €8,493 | €8,843 | +€350 | +4.1% |
| Financial debts | 43 | €2,848 | €3,455 | +€607 | +21.3% |
| Credit institutions | 430/8 | €2,848 | €3,455 | +€607 | +21.3% |
| Trade debts | 44 | €6,573 | €9,295 | +€2,723 | +41.4% |
| Suppliers | 440/4 | €6,573 | €9,295 | +€2,723 | +41.4% |
| Taxes, remuneration and social security | 45 | €9,851 | €10,965 | +€1,114 | +11.3% |
| Taxes | 450/3 | €9,851 | €10,965 | +€1,114 | +11.3% |
| Other amounts payable | 47/48 | €2,961 | €10,382 | +€7,421 | +250.7% |
| Remuneration, social security and pensions | 62 | €81,070 | €76,966 | -€4,104 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,171 | €10,434 | +€2,263 | +27.7% |
| Other operating charges | 640/8 | €35 | €1,415 | +€1,381 | +3981.9% |
| Gross operating margin | 9900 | €126,213 | €83,063 | -€43,151 | -34.2% |
| Operating profit (loss) | 9901 | €36,937 | -€5,753 | -€42,690 | |
| Financial income | 75/76B | €14 | €231 | +€218 | +1611.8% |
| Recurring financial income | 75 | €14 | €231 | +€218 | +1611.8% |
| Financial charges | 65/66B | €1,270 | €1,026 | -€245 | -19.3% |
| Recurring financial charges | 65 | €1,270 | €1,026 | -€245 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €35,680 | -€6,547 | -€42,228 | |
| Income taxes | 67/77 | €6,904 | €141 | -€6,763 | -98.0% |
| Profit (loss) for the period | 9904 | €28,777 | -€6,688 | -€35,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,777 | -€6,688 | -€35,465 |
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 3 October 2026 via checked.be.