B-SENS: 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.
B-SENS
Largest movements
- Receivables within one year -€64,836
down €64,836 (-49.9%), from €130,049 to €65,213
of which Trade receivables: -€65,696
- Cash +€44,372
up €44,372 (+196.2%), from €22,614 to €66,987
mainly Receivables within one year (+€64,836) and Depreciation (+€18,454)
- Tangible fixed assets -€14,442
down €14,442 (-20.8%), from €69,572 to €55,130
- Stocks and contracts -€12,895
down €12,895 (-57.9%), from €22,278 to €9,383
- Reserves -€34,642
down €34,642 (-83.2%), from €41,632 to €6,990
- Trade debts -€7,990
down €7,990 (-23.9%), from €33,377 to €25,387
- Debts after one year -€6,972
down €6,972 (-13.5%), from €51,640 to €44,669
- Staff costs +€85,797
up €85,797 (+40.7%), from €210,904 to €296,702
- Gross operating margin +€56,252
up €56,252 (+24.1%), from €233,432 to €289,683
- Depreciation +€4,012
up €4,012 (+27.8%), from €14,442 to €18,454
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 | €248,752 | €199,274 | -€49,478 | -19.9% |
| Fixed assets | 21/28 | €69,839 | €55,290 | -€14,549 | -20.8% |
| Intangible fixed assets | 21 | €107 | - | -€107 | |
| Tangible fixed assets | 22/27 | €69,572 | €55,130 | -€14,442 | -20.8% |
| Furniture and vehicles | 24 | €69,572 | €55,130 | -€14,442 | -20.8% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €178,913 | €143,984 | -€34,929 | -19.5% |
| Stocks and contracts in progress | 3 | €22,278 | €9,383 | -€12,895 | -57.9% |
| Stocks | 30/36 | €22,278 | €9,383 | -€12,895 | -57.9% |
| Amounts receivable within one year | 40/41 | €130,049 | €65,213 | -€64,836 | -49.9% |
| Trade receivables | 40 | €127,630 | €61,935 | -€65,696 | -51.5% |
| Other amounts receivable | 41 | €2,419 | €3,278 | +€860 | +35.5% |
| Cash at bank and in hand | 54/58 | €22,614 | €66,987 | +€44,372 | +196.2% |
| Deferred charges and accrued income | 490/1 | €3,971 | €2,400 | -€1,571 | -39.6% |
| Total equity and liabilities | 10/49 | €248,752 | €199,274 | -€49,478 | -19.9% |
| Equity | 10/15 | €62,092 | €27,450 | -€34,642 | -55.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €41,632 | €6,990 | -€34,642 | -83.2% |
| Distributable reserves | 133 | €41,632 | €6,990 | -€34,642 | -83.2% |
| Amounts payable | 17/49 | €186,660 | €171,824 | -€14,836 | -7.9% |
| Amounts payable after more than one year | 17 | €51,640 | €44,669 | -€6,972 | -13.5% |
| Financial debts | 170/4 | €51,640 | €44,669 | -€6,972 | -13.5% |
| Amounts payable within one year | 42/48 | €135,020 | €127,156 | -€7,864 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €6,672 | €6,972 | +€300 | +4.5% |
| Trade debts | 44 | €33,377 | €25,387 | -€7,990 | -23.9% |
| Suppliers | 440/4 | €33,377 | €25,387 | -€7,990 | -23.9% |
| Taxes, remuneration and social security | 45 | €47,804 | €49,596 | +€1,792 | +3.7% |
| Taxes | 450/3 | €19,373 | €13,274 | -€6,099 | -31.5% |
| Remuneration and social security | 454/9 | €28,432 | €36,322 | +€7,890 | +27.8% |
| Other amounts payable | 47/48 | €47,166 | €45,201 | -€1,965 | -4.2% |
| Non-recurring operating income | 76A | €71 | - | -€71 | |
| Remuneration, social security and pensions | 62 | €210,904 | €296,702 | +€85,797 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,442 | €18,454 | +€4,012 | +27.8% |
| Other operating charges | 640/8 | €4,987 | €4,917 | -€70 | -1.4% |
| Gross operating margin | 9900 | €233,432 | €289,683 | +€56,252 | +24.1% |
| Operating profit (loss) | 9901 | €3,099 | -€30,389 | -€33,488 | |
| Financial income | 75/76B | €133 | €1,034 | +€901 | +678.1% |
| Recurring financial income | 75 | €133 | €1,034 | +€901 | +678.1% |
| Financial charges | 65/66B | €6,184 | €4,414 | -€1,770 | -28.6% |
| Recurring financial charges | 65 | €4,744 | €4,414 | -€330 | -7.0% |
| Non-recurring financial charges | 66B | €1,440 | - | -€1,440 | |
| Profit (loss) for the period before taxes | 9903 | -€2,952 | -€33,769 | -€30,817 | -1043.8% |
| Income taxes | 67/77 | €999 | €873 | -€126 | -12.6% |
| Profit (loss) for the period | 9904 | -€3,951 | -€34,642 | -€30,691 | -776.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,951 | -€34,642 | -€30,691 | -776.8% |
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 11 October 2026 via checked.be.