SEN EXPRESS: 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 EXPRESS
Largest movements
- Tangible fixed assets -€68,399
down €68,399 (-27.7%), from €247,058 to €178,658
of which Other tangible fixed assets: -€61,441
- Receivables within one year -€46,170
down €46,170 (-75.7%), from €61,007 to €14,837
of which Other amounts receivable: -€46,651
- Cash -€10,550
down €10,550 (-24.7%), from €42,631 to €32,081
mainly Debts after one year (-€91,431) and Trade debts (-€38,132)
- Deferred charges and accrued income -€7,345
down €7,345 (-29.3%), from €25,095 to €17,750
- Debts after one year -€91,431
down €91,431 (-40.8%), from €224,039 to €132,609
- Trade debts -€38,132
down €38,132 (-21.1%), from €180,496 to €142,364
- Other debts -€30,772
down €30,772 (-34.5%), from €89,260 to €58,488
- Current portion of long-term debt +€17,420
up €17,420 (+30.9%), from €56,318 to €73,738
- Profit (loss) carried forward +€16,181
up €16,181 (+10.1%), from -€159,791 to -€143,611
- Gross operating margin +€60,383
up €60,383 (+22.9%), from €263,577 to €323,960
- Staff costs -€8,954
down €8,954 (-4.0%), from €225,585 to €216,631
- Other operating charges -€3,957
down €3,957 (-73.3%), from €5,399 to €1,442
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 | €472,311 | €338,398 | -€133,913 | -28.4% |
| Fixed assets | 21/28 | €248,058 | €179,658 | -€68,399 | -27.6% |
| Tangible fixed assets | 22/27 | €247,058 | €178,658 | -€68,399 | -27.7% |
| Plant, machinery and equipment | 23 | €20,581 | €13,738 | -€6,843 | -33.2% |
| Furniture and vehicles | 24 | €5,371 | €5,255 | -€116 | -2.2% |
| Other tangible fixed assets | 26 | €221,106 | €159,665 | -€61,441 | -27.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €224,254 | €158,740 | -€65,514 | -29.2% |
| Stocks and contracts in progress | 3 | €95,521 | €94,071 | -€1,450 | -1.5% |
| Stocks | 30/36 | €95,521 | €94,071 | -€1,450 | -1.5% |
| Amounts receivable within one year | 40/41 | €61,007 | €14,837 | -€46,170 | -75.7% |
| Trade receivables | 40 | - | €481 | +€481 | |
| Other amounts receivable | 41 | €61,007 | €14,356 | -€46,651 | -76.5% |
| Cash at bank and in hand | 54/58 | €42,631 | €32,081 | -€10,550 | -24.7% |
| Deferred charges and accrued income | 490/1 | €25,095 | €17,750 | -€7,345 | -29.3% |
| Total equity and liabilities | 10/49 | €472,311 | €338,398 | -€133,913 | -28.4% |
| Equity | 10/15 | -€119,606 | -€103,425 | +€16,181 | +13.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €186 | €186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186 | €186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,791 | -€143,611 | +€16,181 | +10.1% |
| Amounts payable | 17/49 | €591,917 | €441,823 | -€150,094 | -25.4% |
| Amounts payable after more than one year | 17 | €224,039 | €132,609 | -€91,431 | -40.8% |
| Financial debts | 170/4 | €224,039 | €132,609 | -€91,431 | -40.8% |
| Amounts payable within one year | 42/48 | €363,417 | €304,756 | -€58,662 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €56,318 | €73,738 | +€17,420 | +30.9% |
| Trade debts | 44 | €180,496 | €142,364 | -€38,132 | -21.1% |
| Suppliers | 440/4 | €180,496 | €142,364 | -€38,132 | -21.1% |
| Taxes, remuneration and social security | 45 | €37,343 | €30,165 | -€7,177 | -19.2% |
| Taxes | 450/3 | €374 | €433 | +€58 | +15.5% |
| Remuneration and social security | 454/9 | €36,968 | €29,733 | -€7,236 | -19.6% |
| Other amounts payable | 47/48 | €89,260 | €58,488 | -€30,772 | -34.5% |
| Accrued charges and deferred income | 492/3 | €4,461 | €4,459 | -€2 | 0.0% |
| Remuneration, social security and pensions | 62 | €225,585 | €216,631 | -€8,954 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,882 | €69,899 | +€1,017 | +1.5% |
| Other operating charges | 640/8 | €5,399 | €1,442 | -€3,957 | -73.3% |
| Gross operating margin | 9900 | €263,577 | €323,960 | +€60,383 | +22.9% |
| Operating profit (loss) | 9901 | -€36,289 | €35,988 | +€72,277 | |
| Financial income | 75/76B | €266 | €149 | -€117 | -44.1% |
| Recurring financial income | 75 | €266 | €149 | -€117 | -44.1% |
| Financial charges | 65/66B | €18,719 | €19,520 | +€801 | +4.3% |
| Recurring financial charges | 65 | €18,719 | €19,520 | +€801 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€54,742 | €16,616 | +€71,358 | |
| Income taxes | 67/77 | €967 | €436 | -€531 | -55.0% |
| Profit (loss) for the period | 9904 | -€55,709 | €16,181 | +€71,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,709 | €16,181 | +€71,889 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.