SEN - ECH: what changed
Two fiscal 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 - ECH
Largest movements
- Cash +€184,445
up €184,445 (+50.8%), from €363,034 to €547,479
mainly Net result for the year (+€214,237) and Depreciation (+€74,661)
- Tangible fixed assets -€72,477
down €72,477 (-19.0%), from €382,155 to €309,678
of which Plant, machinery and equipment: -€58,616
- Receivables within one year +€16,029
up €16,029 (+146.9%), from €10,912 to €26,941
of which Other amounts receivable: +€8,772
- Reserves +€214,237
up €214,237 (+65.4%), from €327,767 to €542,004
- Debts after one year -€75,285
down €75,285 (-69.2%), from €108,788 to €33,504
- Other debts -€25,552
down €25,552 (-100.0%), from €25,552 to €0
- Tax, wage and social debts +€19,208
up €19,208 (+67.8%), from €28,345 to €47,554
of which Taxes: +€19,208
- Current portion of long-term debt -€16,171
down €16,171 (-17.7%), from €91,453 to €75,282
- Gross operating margin +€78,767
up €78,767 (+21.1%), from €373,195 to €451,962
- Taxes +€43,917
up €43,917 (+74.0%), from €59,355 to €103,272
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 | €766,317 | €892,736 | +€126,419 | +16.5% |
| Fixed assets | 21/28 | €382,365 | €309,888 | -€72,477 | -19.0% |
| Tangible fixed assets | 22/27 | €382,155 | €309,678 | -€72,477 | -19.0% |
| Plant, machinery and equipment | 23 | €317,456 | €258,840 | -€58,616 | -18.5% |
| Furniture and vehicles | 24 | €43,648 | €33,530 | -€10,118 | -23.2% |
| Other tangible fixed assets | 26 | €21,051 | €17,308 | -€3,743 | -17.8% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €383,952 | €582,848 | +€198,896 | +51.8% |
| Amounts receivable within one year | 40/41 | €10,912 | €26,941 | +€16,029 | +146.9% |
| Trade receivables | 40 | €798 | €8,055 | +€7,257 | +908.9% |
| Other amounts receivable | 41 | €10,114 | €18,885 | +€8,772 | +86.7% |
| Cash at bank and in hand | 54/58 | €363,034 | €547,479 | +€184,445 | +50.8% |
| Deferred charges and accrued income | 490/1 | €10,006 | €8,429 | -€1,577 | -15.8% |
| Total equity and liabilities | 10/49 | €766,317 | €892,736 | +€126,419 | +16.5% |
| Equity | 10/15 | €511,832 | €726,069 | +€214,237 | +41.9% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €327,767 | €542,004 | +€214,237 | +65.4% |
| Distributable reserves | 133 | €327,767 | €542,004 | +€214,237 | +65.4% |
| Profit (loss) carried forward | 14 | €171,659 | €171,659 | = | 0.0% |
| Amounts payable | 17/49 | €254,486 | €166,667 | -€87,819 | -34.5% |
| Amounts payable after more than one year | 17 | €108,788 | €33,504 | -€75,285 | -69.2% |
| Financial debts | 170/4 | €108,788 | €33,504 | -€75,285 | -69.2% |
| Amounts payable within one year | 42/48 | €145,698 | €132,870 | -€12,828 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €91,453 | €75,282 | -€16,171 | -17.7% |
| Trade debts | 44 | €348 | €10,034 | +€9,687 | +2787.6% |
| Suppliers | 440/4 | €348 | €10,034 | +€9,687 | +2787.6% |
| Taxes, remuneration and social security | 45 | €28,345 | €47,554 | +€19,208 | +67.8% |
| Taxes | 450/3 | €28,306 | €47,515 | +€19,208 | +67.9% |
| Remuneration and social security | 454/9 | €39 | €39 | = | 0.0% |
| Other amounts payable | 47/48 | €25,552 | €0 | -€25,552 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €294 | +€294 | |
| Remuneration, social security and pensions | 62 | €56,492 | €58,271 | +€1,778 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,212 | €74,661 | -€1,551 | -2.0% |
| Other operating charges | 640/8 | €3,112 | €549 | -€2,563 | -82.4% |
| Gross operating margin | 9900 | €373,195 | €451,962 | +€78,767 | +21.1% |
| Operating profit (loss) | 9901 | €237,378 | €318,481 | +€81,104 | +34.2% |
| Financial income | 75/76B | €898 | €3,448 | +€2,550 | +283.8% |
| Recurring financial income | 75 | €898 | €3,448 | +€2,550 | +283.8% |
| Financial charges | 65/66B | €7,261 | €4,420 | -€2,841 | -39.1% |
| Recurring financial charges | 65 | €7,261 | €4,420 | -€2,841 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €231,015 | €317,509 | +€86,494 | +37.4% |
| Income taxes | 67/77 | €59,355 | €103,272 | +€43,917 | +74.0% |
| Profit (loss) for the period | 9904 | €171,659 | €214,237 | +€42,578 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €171,659 | €214,237 | +€42,578 | +24.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.