DR. LEEN SENTEN: what changed
DR. LEEN SENTEN
Largest movements
- Cash +€161,612
up €161,612 (+145%), from €111,715 to €273,328
mainly Net result for the year (+€206,499) and Receivables within one year (+€30,934)
- Receivables within one year -€30,934
down €30,934 (-21.0%), from €147,591 to €116,658
of which Other amounts receivable: -€25,548
- Reserves +€92,534
up €92,534 (+8.2%), from €1.1m to €1.2m
of which Tax-exempt reserves: +€63,150
- Trade debts +€19,055
up €19,055 (+73.3%), from €26,006 to €45,061
- Tax, wage and social debts +€18,916
up €18,916 (+203%), from €9,331 to €28,246
- Gross operating margin +€62,012
up €62,012 (+31.4%), from €197,366 to €259,379
- Financial income +€44,064
up €44,064 (+264%), from €16,701 to €60,766
- Taxes +€30,589
up €30,589 (+59.0%), from €51,805 to €82,394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,765 | €1,584,636 | +€132,871 | +9.2% |
| Fixed assets | 21/28 | €112,711 | €103,179 | -€9,531 | -8.5% |
| Tangible fixed assets | 22/27 | €112,711 | €103,179 | -€9,531 | -8.5% |
| Land and buildings | 22 | €105,764 | €97,125 | -€8,639 | -8.2% |
| Furniture and vehicles | 24 | €6,947 | €6,054 | -€892 | -12.8% |
| Current assets | 29/58 | €1,339,054 | €1,481,456 | +€142,402 | +10.6% |
| Amounts receivable within one year | 40/41 | €147,591 | €116,658 | -€30,934 | -21.0% |
| Trade receivables | 40 | €122,044 | €116,658 | -€5,386 | -4.4% |
| Other amounts receivable | 41 | €25,548 | €0 | -€25,548 | -100% |
| Current investments | 50/53 | €1,079,748 | €1,091,471 | +€11,723 | +1.1% |
| Cash at bank and in hand | 54/58 | €111,715 | €273,328 | +€161,612 | +145% |
| Total equity and liabilities | 10/49 | €1,451,765 | €1,584,636 | +€132,871 | +9.2% |
| Equity | 10/15 | €1,177,977 | €1,270,511 | +€92,534 | +7.9% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €1,122,177 | €1,214,711 | +€92,534 | +8.2% |
| Tax-exempt reserves | 132 | €84,200 | €147,350 | +€63,150 | +75.0% |
| Distributable reserves | 133 | €1,037,977 | €1,067,361 | +€29,384 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €273,788 | €314,125 | +€40,337 | +14.7% |
| Amounts payable within one year | 42/48 | €273,788 | €314,125 | +€40,337 | +14.7% |
| Trade debts | 44 | €26,006 | €45,061 | +€19,055 | +73.3% |
| Suppliers | 440/4 | €26,006 | €45,061 | +€19,055 | +73.3% |
| Taxes, remuneration and social security | 45 | €9,331 | €28,246 | +€18,916 | +203% |
| Taxes | 450/3 | €9,331 | €28,246 | +€18,916 | +203% |
| Other amounts payable | 47/48 | €238,451 | €240,818 | +€2,366 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,529 | €10,568 | +€39 | +0.4% |
| Other operating charges | 640/8 | €2,125 | €2,406 | +€280 | +13.2% |
| Gross operating margin | 9900 | €197,366 | €259,379 | +€62,012 | +31.4% |
| Operating profit (loss) | 9901 | €184,712 | €246,405 | +€61,693 | +33.4% |
| Financial income | 75/76B | €16,701 | €60,766 | +€44,064 | +264% |
| Recurring financial income | 75 | €16,701 | €60,766 | +€44,064 | +264% |
| Financial charges | 65/66B | €17,304 | €18,277 | +€973 | +5.6% |
| Recurring financial charges | 65 | €17,304 | €18,277 | +€973 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €184,109 | €288,893 | +€104,784 | +56.9% |
| Income taxes | 67/77 | €51,805 | €82,394 | +€30,589 | +59.0% |
| Profit (loss) for the period | 9904 | €132,304 | €206,499 | +€74,195 | +56.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €63,150 | +€21,050 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,204 | €143,349 | +€53,145 | +58.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.