SEN: 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.
SEN
Largest movements
- Receivables within one year +€9,109
up €9,109 (+27.8%), from €32,708 to €41,817
of which Other amounts receivable: +€6,209
- Cash +€5,351
up €5,351 (+772%), from €693 to €6,045
mainly Net result for the year (+€10,583) and Tax, wage and social debts (+€3,146)
- Reserves +€10,583
new in 2025: €10,583
- Tax, wage and social debts +€3,146
up €3,146 (+93.0%), from €3,383 to €6,529
- Trade debts +€2,790
up €2,790 (+89.2%), from €3,129 to €5,918
- Short-term financial debts -€2,059
no longer reported in 2025 (was €2,059)
- Gross operating margin +€11,399
up €11,399 (+188%), from €6,068 to €17,467
- Taxes +€4,028
up €4,028 (+537%), from €750 to €4,777
- Financial charges -€1,252
down €1,252 (-33.2%), from €3,768 to €2,515
- Other operating charges -€826
down €826 (-39.0%), from €2,116 to €1,290
- Financial income +€517
up €517 (+43.8%), from €1,182 to €1,699
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 | €33,401 | €47,861 | +€14,460 | +43.3% |
| Current assets | 29/58 | €33,401 | €47,861 | +€14,460 | +43.3% |
| Amounts receivable within one year | 40/41 | €32,708 | €41,817 | +€9,109 | +27.8% |
| Trade receivables | 40 | €7,700 | €10,600 | +€2,900 | +37.7% |
| Other amounts receivable | 41 | €25,008 | €31,217 | +€6,209 | +24.8% |
| Cash at bank and in hand | 54/58 | €693 | €6,045 | +€5,351 | +772% |
| Total equity and liabilities | 10/49 | €33,401 | €47,861 | +€14,460 | +43.3% |
| Equity | 10/15 | €24,830 | €35,414 | +€10,583 | +42.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €10,583 | +€10,583 | |
| Distributable reserves | 133 | - | €10,583 | +€10,583 | |
| Profit (loss) carried forward | 14 | €19,830 | €19,830 | = | 0.0% |
| Amounts payable | 17/49 | €8,571 | €12,448 | +€3,877 | +45.2% |
| Amounts payable within one year | 42/48 | €8,571 | €12,448 | +€3,877 | +45.2% |
| Financial debts | 43 | €2,059 | - | -€2,059 | |
| Credit institutions | 430/8 | €2,059 | - | -€2,059 | |
| Trade debts | 44 | €3,129 | €5,918 | +€2,790 | +89.2% |
| Suppliers | 440/4 | €3,129 | €5,918 | +€2,790 | +89.2% |
| Taxes, remuneration and social security | 45 | €3,383 | €6,529 | +€3,146 | +93.0% |
| Taxes | 450/3 | €3,383 | €6,529 | +€3,146 | +93.0% |
| Other operating charges | 640/8 | €2,116 | €1,290 | -€826 | -39.0% |
| Gross operating margin | 9900 | €6,068 | €17,467 | +€11,399 | +188% |
| Operating profit (loss) | 9901 | €3,952 | €16,177 | +€12,225 | +309% |
| Financial income | 75/76B | €1,182 | €1,699 | +€517 | +43.8% |
| Recurring financial income | 75 | €1,182 | €1,699 | +€517 | +43.8% |
| Financial charges | 65/66B | €3,768 | €2,515 | -€1,252 | -33.2% |
| Recurring financial charges | 65 | €3,768 | €2,515 | -€1,252 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €1,366 | €15,361 | +€13,995 | +1,024% |
| Income taxes | 67/77 | €750 | €4,777 | +€4,028 | +537% |
| Profit (loss) for the period | 9904 | €617 | €10,583 | +€9,967 | +1,616% |
| Profit (loss) for the period to be appropriated | 9905 | €617 | €10,583 | +€9,967 | +1,616% |
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 14 October 2026 via checked.be.