Madame Senfou: 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.
Madame Senfou
Largest movements
- Stocks and contracts +€8,889
up €8,889 (+11.4%), from €78,144 to €87,033
- Tangible fixed assets -€2,599
down €2,599 (-24.3%), from €10,678 to €8,079
- Deferred charges and accrued income -€2,206
down €2,206 (-55.7%), from €3,963 to €1,757
- Profit (loss) carried forward +€3,309
up €3,309 (+15.7%), from €21,123 to €24,432
- Tax, wage and social debts +€1,291
up €1,291 (+8.7%), from €14,927 to €16,218
of which Remuneration and social security: +€5,132
- Staff costs +€34,565
up €34,565 (+184%), from €18,736 to €53,302
- Gross operating margin +€16,214
up €16,214 (+35.8%), from €45,348 to €61,562
- Taxes -€4,567
down €4,567 (-70.9%), from €6,443 to €1,876
- Depreciation +€1,236
up €1,236 (+66.3%), from €1,863 to €3,099
- Other operating charges +€675
up €675 (+900%), from €75 to €750
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,407 | €116,578 | +€4,171 | +3.7% |
| Formation expenses | 20 | €1,441 | €941 | -€500 | -34.7% |
| Fixed assets | 21/28 | €10,678 | €8,079 | -€2,599 | -24.3% |
| Tangible fixed assets | 22/27 | €10,678 | €8,079 | -€2,599 | -24.3% |
| Plant, machinery and equipment | 23 | €10,678 | €8,079 | -€2,599 | -24.3% |
| Current assets | 29/58 | €100,288 | €107,558 | +€7,271 | +7.2% |
| Stocks and contracts in progress | 3 | €78,144 | €87,033 | +€8,889 | +11.4% |
| Stocks | 30/36 | €78,144 | €87,033 | +€8,889 | +11.4% |
| Amounts receivable within one year | 40/41 | €2,464 | €3,112 | +€648 | +26.3% |
| Trade receivables | 40 | €2,464 | €3,112 | +€648 | +26.3% |
| Cash at bank and in hand | 54/58 | €15,717 | €15,656 | -€60 | -0.4% |
| Deferred charges and accrued income | 490/1 | €3,963 | €1,757 | -€2,206 | -55.7% |
| Total equity and liabilities | 10/49 | €112,407 | €116,578 | +€4,171 | +3.7% |
| Equity | 10/15 | €33,123 | €36,432 | +€3,309 | +10.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,123 | €24,432 | +€3,309 | +15.7% |
| Amounts payable | 17/49 | €79,283 | €80,146 | +€863 | +1.1% |
| Amounts payable within one year | 42/48 | €79,283 | €80,146 | +€863 | +1.1% |
| Trade debts | 44 | €10,945 | €10,393 | -€552 | -5.0% |
| Suppliers | 440/4 | €10,945 | €10,393 | -€552 | -5.0% |
| Taxes, remuneration and social security | 45 | €14,927 | €16,218 | +€1,291 | +8.7% |
| Taxes | 450/3 | €13,352 | €9,511 | -€3,841 | -28.8% |
| Remuneration and social security | 454/9 | €1,574 | €6,706 | +€5,132 | +326% |
| Other amounts payable | 47/48 | €53,412 | €53,536 | +€124 | +0.2% |
| Remuneration, social security and pensions | 62 | €18,736 | €53,302 | +€34,565 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,863 | €3,099 | +€1,236 | +66.3% |
| Other operating charges | 640/8 | €75 | €750 | +€675 | +900% |
| Gross operating margin | 9900 | €45,348 | €61,562 | +€16,214 | +35.8% |
| Operating profit (loss) | 9901 | €24,673 | €4,412 | -€20,261 | -82.1% |
| Financial income | 75/76B | €1,192 | €1,037 | -€155 | -13.0% |
| Recurring financial income | 75 | €1,192 | €1,037 | -€155 | -13.0% |
| Financial charges | 65/66B | €331 | €264 | -€67 | -20.2% |
| Recurring financial charges | 65 | €331 | €264 | -€67 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €25,534 | €5,185 | -€20,350 | -79.7% |
| Income taxes | 67/77 | €6,443 | €1,876 | -€4,567 | -70.9% |
| Profit (loss) for the period | 9904 | €19,091 | €3,309 | -€15,783 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,091 | €3,309 | -€15,783 | -82.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.