HTC SENEFFE: 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.
What changed
HTC SENEFFE
NACE 37.000, Sewerage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€225,168
2024 · €321,166-€95,998
Equity
€506,122
2024 · €505,953+€168
Cash
€12,281
2024 · €9,658+€2,623
Balance sheet total
€2.1m
2024 · €2.0m+€69,218
Largest movements
Assets
- Tangible fixed assets +€97,570
up €97,570 (+12.2%), from €803,000 to €900,570
of which Land and buildings: +€77,467
- Receivables within one year -€24,920
down €24,920 (-5.4%), from €460,536 to €435,616
of which Other amounts receivable: -€25,447
Equity and liabilities
- Other debts -€169,352
down €169,352 (-14.4%), from €1.2m to €1.0m
- Accrued charges and deferred income +€120,749
new in 2025: €120,749
- Current portion of long-term debt +€74,142
up €74,142 (+393%), from €18,846 to €92,988
- Debts after one year +€37,012
new in 2025: €37,012
Income statement
- Financial income -€55,726
down €55,726 (-21.6%), from €258,564 to €202,838
- Depreciation +€47,050
up €47,050 (+56.4%), from €83,375 to €130,425
- Gross operating margin -€28,594
down €28,594 (-4.2%), from €681,279 to €652,685
- Staff costs -€22,487
down €22,487 (-5.0%), from €453,358 to €430,871
- Taxes -€15,984
down €15,984 (-60.4%), from €26,450 to €10,466
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.
Result 2024
€321,166
Gross operating margin
-€28,594
Staff costs
+€22,487
Depreciation
-€47,050
Other operating charges
-€931
Other operating items
+€9,352
Financial income
-€55,726
Financial charges
-€11,521
Taxes
+€15,984
Result 2025
€225,168
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€344,464
Investment
-€227,995
Financing
-€113,846
Cash 2024
€9,658
From operations (derived)
+€344,464
Net result for the year
+€225,168
Depreciation
+€130,425
Stocks and contracts
+€7,228
Receivables within one year
+€24,920
Deferred charges and accrued income
-€1,173
Trade debts
+€18,476
Tax, wage and social debts
-€11,977
Other debts
-€169,352
Accrued charges and deferred income
+€120,749
Investment (derived)
-€227,995
Investment in fixed assets (net)
-€227,995
Financing
-€113,846
Debts after one year
+€37,012
Current portion of long-term debt
+€74,142
Contributions, distributions and other
-€225,000
Cash 2025
€12,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,989,728 | €2,058,946 | +€69,218 | +3.5% |
| Fixed assets | 21/28 | €1,468,636 | €1,566,206 | +€97,570 | +6.6% |
| Tangible fixed assets | 22/27 | €803,000 | €900,570 | +€97,570 | +12.2% |
| Land and buildings | 22 | €144,818 | €222,285 | +€77,467 | +53.5% |
| Plant, machinery and equipment | 23 | €653,036 | €664,341 | +€11,305 | +1.7% |
| Furniture and vehicles | 24 | €5,147 | €13,945 | +€8,798 | +171% |
| Financial fixed assets | 28 | €665,636 | €665,636 | = | 0.0% |
| Current assets | 29/58 | €521,092 | €492,740 | -€28,352 | -5.4% |
| Stocks and contracts in progress | 3 | €39,132 | €31,904 | -€7,228 | -18.5% |
| Stocks | 30/36 | €39,132 | €31,904 | -€7,228 | -18.5% |
| Amounts receivable within one year | 40/41 | €460,536 | €435,616 | -€24,920 | -5.4% |
| Trade receivables | 40 | €259,594 | €260,121 | +€527 | +0.2% |
| Other amounts receivable | 41 | €200,942 | €175,496 | -€25,447 | -12.7% |
| Cash at bank and in hand | 54/58 | €9,658 | €12,281 | +€2,623 | +27.2% |
| Deferred charges and accrued income | 490/1 | €11,765 | €12,938 | +€1,173 | +10.0% |
| Total equity and liabilities | 10/49 | €1,989,728 | €2,058,946 | +€69,218 | +3.5% |
| Equity | 10/15 | €505,953 | €506,122 | +€168 | 0.0% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €130,953 | €131,122 | +€168 | +0.1% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €93,453 | €93,622 | +€168 | +0.2% |
| Amounts payable | 17/49 | €1,483,775 | €1,552,825 | +€69,050 | +4.7% |
| Amounts payable after more than one year | 17 | - | €37,012 | +€37,012 | |
| Financial debts | 170/4 | - | €37,012 | +€37,012 | |
| Amounts payable within one year | 42/48 | €1,483,775 | €1,395,063 | -€88,712 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €18,846 | €92,988 | +€74,142 | +393% |
| Trade debts | 44 | €237,407 | €255,882 | +€18,476 | +7.8% |
| Suppliers | 440/4 | €237,407 | €255,882 | +€18,476 | +7.8% |
| Taxes, remuneration and social security | 45 | €53,072 | €41,095 | -€11,977 | -22.6% |
| Taxes | 450/3 | €1,476 | - | -€1,476 | |
| Remuneration and social security | 454/9 | €51,596 | €41,095 | -€10,501 | -20.4% |
| Other amounts payable | 47/48 | €1,174,451 | €1,005,099 | -€169,352 | -14.4% |
| Accrued charges and deferred income | 492/3 | - | €120,749 | +€120,749 | |
| Remuneration, social security and pensions | 62 | €453,358 | €430,871 | -€22,487 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,375 | €130,425 | +€47,050 | +56.4% |
| Other operating charges | 640/8 | €32,092 | €33,022 | +€931 | +2.9% |
| Non-recurring operating charges | 66A | €9,352 | - | -€9,352 | |
| Gross operating margin | 9900 | €681,279 | €652,685 | -€28,594 | -4.2% |
| Operating profit (loss) | 9901 | €103,101 | €58,367 | -€44,734 | -43.4% |
| Financial income | 75/76B | €258,564 | €202,838 | -€55,726 | -21.6% |
| Recurring financial income | 75 | €258,564 | €202,838 | -€55,726 | -21.6% |
| Financial charges | 65/66B | €14,049 | €25,570 | +€11,521 | +82.0% |
| Recurring financial charges | 65 | €14,049 | €25,570 | +€11,521 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €347,616 | €235,634 | -€111,981 | -32.2% |
| Income taxes | 67/77 | €26,450 | €10,466 | -€15,984 | -60.4% |
| Profit (loss) for the period | 9904 | €321,166 | €225,168 | -€95,998 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €321,166 | €225,168 | -€95,998 | -29.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.