LA SENNE: 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.
LA SENNE
Largest movements
- Tangible fixed assets +€22,892
up €22,892 (+68.1%), from €33,592 to €56,484
of which Plant, machinery and equipment: +€13,494
- Deferred charges and accrued income +€21,179
up €21,179 (+49.8%), from €42,530 to €63,709
- Cash +€16,848
up €16,848 (+12.6%), from €133,830 to €150,678
mainly Other debts (+€32,605) and Advances received (+€29,453)
- Reserves -€33,000
down €33,000 (-18.1%), from €181,860 to €148,860
- Other debts +€32,605
up €32,605 (+429%), from €7,600 to €40,205
- Advances received +€29,453
up €29,453 (+368%), from €8,003 to €37,456
- Trade debts +€22,619
up €22,619 (+62.9%), from €35,965 to €58,584
- Tax, wage and social debts +€8,569
up €8,569 (+34.1%), from €25,104 to €33,673
of which Taxes: +€16,965
- Gross operating margin -€12,077
down €12,077 (-7.0%), from €172,358 to €160,281
- Taxes -€3,590
down €3,590 (-32.6%), from €11,010 to €7,420
- Other operating charges +€2,691
up €2,691 (+45.9%), from €5,860 to €8,552
- Staff costs -€2,008
down €2,008 (-1.6%), from €124,549 to €122,542
- Financial charges +€1,856
up €1,856 (+94.7%), from €1,960 to €3,815
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 | €294,012 | €354,889 | +€60,878 | +20.7% |
| Fixed assets | 21/28 | €35,237 | €58,128 | +€22,892 | +65.0% |
| Tangible fixed assets | 22/27 | €33,592 | €56,484 | +€22,892 | +68.1% |
| Plant, machinery and equipment | 23 | €28,953 | €42,447 | +€13,494 | +46.6% |
| Furniture and vehicles | 24 | €4,639 | €14,037 | +€9,398 | +203% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,645 | €1,645 | = | 0.0% |
| Current assets | 29/58 | €258,775 | €296,761 | +€37,986 | +14.7% |
| Amounts receivable within one year | 40/41 | €82,415 | €82,374 | -€41 | -0.1% |
| Trade receivables | 40 | €56,342 | €70,996 | +€14,654 | +26.0% |
| Other amounts receivable | 41 | €26,073 | €11,378 | -€14,695 | -56.4% |
| Cash at bank and in hand | 54/58 | €133,830 | €150,678 | +€16,848 | +12.6% |
| Deferred charges and accrued income | 490/1 | €42,530 | €63,709 | +€21,179 | +49.8% |
| Total equity and liabilities | 10/49 | €294,012 | €354,889 | +€60,878 | +20.7% |
| Equity | 10/15 | €210,571 | €178,234 | -€32,336 | -15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,860 | €148,860 | -€33,000 | -18.1% |
| Distributable reserves | 133 | €181,860 | €148,860 | -€33,000 | -18.1% |
| Profit (loss) carried forward | 14 | €10,111 | €10,774 | +€664 | +6.6% |
| Amounts payable | 17/49 | €83,441 | €176,655 | +€93,214 | +112% |
| Amounts payable within one year | 42/48 | €80,839 | €174,084 | +€93,245 | +115% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €4,167 | -€0 | 0.0% |
| Trade debts | 44 | €35,965 | €58,584 | +€22,619 | +62.9% |
| Suppliers | 440/4 | €35,965 | €58,584 | +€22,619 | +62.9% |
| Advances received on contracts in progress | 46 | €8,003 | €37,456 | +€29,453 | +368% |
| Taxes, remuneration and social security | 45 | €25,104 | €33,673 | +€8,569 | +34.1% |
| Taxes | 450/3 | €7,978 | €24,943 | +€16,965 | +213% |
| Remuneration and social security | 454/9 | €17,126 | €8,730 | -€8,396 | -49.0% |
| Other amounts payable | 47/48 | €7,600 | €40,205 | +€32,605 | +429% |
| Accrued charges and deferred income | 492/3 | €2,602 | €2,571 | -€32 | -1.2% |
| Non-recurring operating income | 76A | €5,677 | - | -€5,677 | |
| Remuneration, social security and pensions | 62 | €124,549 | €122,542 | -€2,008 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,752 | €8,261 | +€509 | +6.6% |
| Other operating charges | 640/8 | €5,860 | €8,552 | +€2,691 | +45.9% |
| Gross operating margin | 9900 | €172,358 | €160,281 | -€12,077 | -7.0% |
| Operating profit (loss) | 9901 | €34,196 | €20,926 | -€13,270 | -38.8% |
| Financial income | 75/76B | €560 | €973 | +€413 | +73.9% |
| Recurring financial income | 75 | €560 | €973 | +€413 | +73.9% |
| Financial charges | 65/66B | €1,960 | €3,815 | +€1,856 | +94.7% |
| Recurring financial charges | 65 | €1,960 | €3,815 | +€1,856 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €32,796 | €18,084 | -€14,712 | -44.9% |
| Income taxes | 67/77 | €11,010 | €7,420 | -€3,590 | -32.6% |
| Profit (loss) for the period | 9904 | €21,786 | €10,664 | -€11,122 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,786 | €10,664 | -€11,122 | -51.1% |
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 17 October 2026 via checked.be.