SEN DESIGN: 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 DESIGN
Largest movements
- Cash +€27,796
up €27,796 (+73.5%), from €37,794 to €65,589
mainly Depreciation (+€22,063) and Other debts (+€19,355)
- Tangible fixed assets -€22,063
down €22,063 (-28.1%), from €78,394 to €56,332
of which Leasing and similar rights: -€16,834
- Receivables after one year -€10,725
down €10,725 (-7.5%), from €143,293 to €132,568
- Receivables within one year -€8,971
down €8,971 (-44.2%), from €20,301 to €11,330
of which Trade receivables: -€9,399
- Deferred charges and accrued income -€3,189
down €3,189 (-55.9%), from €5,707 to €2,519
- Reserves -€27,032
down €27,032 (-16.9%), from €160,417 to €133,385
of which Distributable reserves: -€27,032
- Other debts +€19,355
up €19,355 (+45.1%), from €42,885 to €62,240
- Debts after one year -€14,160
down €14,160 (-53.9%), from €26,251 to €12,091
- Trade debts +€5,530
up €5,530 (+1027.4%), from €538 to €6,068
- Staff costs +€42,507
up €42,507 (+198.5%), from €21,411 to €63,917
- Gross operating margin +€33,463
up €33,463 (+41.8%), from €80,112 to €113,575
- Financial income -€3,233
down €3,233 (-92.6%), from €3,491 to €258
of which Financial income: -€3,233
- Taxes -€2,777
down €2,777 (-27.0%), from €10,296 to €7,519
- Financial charges -€1,898
down €1,898 (-52.0%), from €3,651 to €1,754
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.
Cash bridge derived
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 | €285,490 | €268,338 | -€17,152 | -6.0% |
| Fixed assets | 21/28 | €78,394 | €56,332 | -€22,063 | -28.1% |
| Tangible fixed assets | 22/27 | €78,394 | €56,332 | -€22,063 | -28.1% |
| Plant, machinery and equipment | 23 | €527 | €373 | -€154 | -29.2% |
| Furniture and vehicles | 24 | €9,724 | €5,717 | -€4,006 | -41.2% |
| Leasing and similar rights | 25 | €57,990 | €41,156 | -€16,834 | -29.0% |
| Other tangible fixed assets | 26 | €10,154 | €9,085 | -€1,068 | -10.5% |
| Current assets | 29/58 | €207,096 | €212,006 | +€4,911 | +2.4% |
| Amounts receivable after more than one year | 29 | €143,293 | €132,568 | -€10,725 | -7.5% |
| Other amounts receivable | 291 | €143,293 | €132,568 | -€10,725 | -7.5% |
| Amounts receivable within one year | 40/41 | €20,301 | €11,330 | -€8,971 | -44.2% |
| Trade receivables | 40 | €20,301 | €10,902 | -€9,399 | -46.3% |
| Other amounts receivable | 41 | €0 | €428 | +€428 | |
| Cash at bank and in hand | 54/58 | €37,794 | €65,589 | +€27,796 | +73.5% |
| Deferred charges and accrued income | 490/1 | €5,707 | €2,519 | -€3,189 | -55.9% |
| Total equity and liabilities | 10/49 | €285,490 | €268,338 | -€17,152 | -6.0% |
| Equity | 10/15 | €179,017 | €151,985 | -€27,032 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,417 | €133,385 | -€27,032 | -16.9% |
| Tax-exempt reserves | 132 | €64 | €64 | = | 0.0% |
| Distributable reserves | 133 | €160,353 | €133,320 | -€27,032 | -16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,473 | €116,353 | +€9,880 | +9.3% |
| Amounts payable after more than one year | 17 | €26,251 | €12,091 | -€14,160 | -53.9% |
| Financial debts | 170/4 | €26,251 | €12,091 | -€14,160 | -53.9% |
| Amounts payable within one year | 42/48 | €73,604 | €99,596 | +€25,992 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €13,574 | €14,160 | +€586 | +4.3% |
| Trade debts | 44 | €538 | €6,068 | +€5,530 | +1027.4% |
| Suppliers | 440/4 | €538 | €6,068 | +€5,530 | +1027.4% |
| Taxes, remuneration and social security | 45 | €16,607 | €17,128 | +€521 | +3.1% |
| Taxes | 450/3 | €13,374 | €8,568 | -€4,806 | -35.9% |
| Remuneration and social security | 454/9 | €3,233 | €8,560 | +€5,326 | +164.7% |
| Other amounts payable | 47/48 | €42,885 | €62,240 | +€19,355 | +45.1% |
| Accrued charges and deferred income | 492/3 | €6,618 | €4,666 | -€1,952 | -29.5% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €21,411 | €63,917 | +€42,507 | +198.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,331 | €22,063 | +€732 | +3.4% |
| Other operating charges | 640/8 | €1,459 | €1,131 | -€327 | -22.4% |
| Gross operating margin | 9900 | €80,112 | €113,575 | +€33,463 | +41.8% |
| Operating profit (loss) | 9901 | €35,913 | €26,464 | -€9,448 | -26.3% |
| Financial income | 75/76B | €3,491 | €258 | -€3,233 | -92.6% |
| Recurring financial income | 75 | €3,491 | €258 | -€3,233 | -92.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,651 | €1,754 | -€1,898 | -52.0% |
| Recurring financial charges | 65 | €3,651 | €1,754 | -€1,898 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €35,752 | €24,969 | -€10,783 | -30.2% |
| Income taxes | 67/77 | €10,296 | €7,519 | -€2,777 | -27.0% |
| Profit (loss) for the period | 9904 | €25,456 | €17,450 | -€8,006 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,456 | €17,450 | -€8,006 | -31.5% |
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 11 October 2026 via checked.be.