SESEMET: 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.
SESEMET
Largest movements
- Current investments +€178,319
up €178,319 (+13.8%), from €1.3m to €1.5m
- Receivables within one year -€109,741
down €109,741 (-72.2%), from €151,977 to €42,237
- Reserves +€66,476
up €66,476 (+4.0%), from €1.7m to €1.7m
of which Distributable reserves: +€171,726
- Gross operating margin -€53,225
down €53,225 (-13.7%), from €387,974 to €334,749
- Financial income +€28,333
up €28,333 (+102%), from €27,707 to €56,040
- Taxes +€5,185
up €5,185 (+4.2%), from €123,126 to €128,311
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 | €1,867,660 | €1,938,963 | +€71,303 | +3.8% |
| Fixed assets | 21/28 | €5,049 | €2,688 | -€2,361 | -46.8% |
| Tangible fixed assets | 22/27 | €5,049 | €2,688 | -€2,361 | -46.8% |
| Plant, machinery and equipment | 23 | €2,565 | €1,855 | -€709 | -27.7% |
| Furniture and vehicles | 24 | €2,484 | €832 | -€1,652 | -66.5% |
| Current assets | 29/58 | €1,862,611 | €1,936,276 | +€73,664 | +4.0% |
| Amounts receivable within one year | 40/41 | €151,977 | €42,237 | -€109,741 | -72.2% |
| Trade receivables | 40 | €151,977 | €42,237 | -€109,741 | -72.2% |
| Current investments | 50/53 | €1,295,555 | €1,473,874 | +€178,319 | +13.8% |
| Cash at bank and in hand | 54/58 | €410,106 | €415,186 | +€5,080 | +1.2% |
| Deferred charges and accrued income | 490/1 | €4,973 | €4,978 | +€6 | +0.1% |
| Total equity and liabilities | 10/49 | €1,867,660 | €1,938,963 | +€71,303 | +3.8% |
| Equity | 10/15 | €1,813,853 | €1,880,330 | +€66,476 | +3.7% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Reserves | 13 | €1,675,253 | €1,741,730 | +€66,476 | +4.0% |
| Tax-exempt reserves | 132 | €206,290 | €101,040 | -€105,250 | -51.0% |
| Distributable reserves | 133 | €1,468,963 | €1,640,690 | +€171,726 | +11.7% |
| Amounts payable | 17/49 | €53,807 | €58,633 | +€4,827 | +9.0% |
| Amounts payable within one year | 42/48 | €53,807 | €58,633 | +€4,827 | +9.0% |
| Trade debts | 44 | €1,203 | €2,750 | +€1,547 | +129% |
| Suppliers | 440/4 | €1,203 | €2,750 | +€1,547 | +129% |
| Taxes, remuneration and social security | 45 | €47,448 | €50,453 | +€3,006 | +6.3% |
| Taxes | 450/3 | €44,147 | €47,133 | +€2,986 | +6.8% |
| Remuneration and social security | 454/9 | €3,301 | €3,320 | +€19 | +0.6% |
| Other amounts payable | 47/48 | €5,156 | €5,430 | +€274 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,535 | €2,361 | -€174 | -6.9% |
| Other operating charges | 640/8 | €191 | €126 | -€65 | -34.2% |
| Gross operating margin | 9900 | €387,974 | €334,749 | -€53,225 | -13.7% |
| Operating profit (loss) | 9901 | €385,248 | €332,262 | -€52,986 | -13.8% |
| Financial income | 75/76B | €27,707 | €56,040 | +€28,333 | +102% |
| Recurring financial income | 75 | €27,707 | €56,040 | +€28,333 | +102% |
| Financial charges | 65/66B | €1,758 | €1,790 | +€32 | +1.8% |
| Recurring financial charges | 65 | €1,758 | €1,790 | +€32 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €411,197 | €386,512 | -€24,685 | -6.0% |
| Income taxes | 67/77 | €123,126 | €128,311 | +€5,185 | +4.2% |
| Profit (loss) for the period | 9904 | €288,071 | €258,201 | -€29,870 | -10.4% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Transfer to tax-exempt reserves | 689 | €37,890 | €21,050 | -€16,840 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €250,181 | €363,451 | +€113,270 | +45.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.