SENA: 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.
SENA
Largest movements
- Tangible fixed assets -€59,666
down €59,666 (-11.0%), from €540,891 to €481,224
of which Plant, machinery and equipment: -€59,666
- Receivables after one year +€30,792
up €30,792 (+17.2%), from €178,862 to €209,654
- Profit (loss) carried forward -€22,394
down €22,394 (-6.4%), from €351,162 to €328,768
- Gross operating margin +€10,298
up €10,298 (+20.3%), from €50,685 to €60,983
- Depreciation -€6,906
down €6,906 (-10.4%), from €66,572 to €59,666
- Other operating charges -€2,368
down €2,368 (-7.1%), from €33,378 to €31,009
- Financial income -€629
down €629 (-7.5%), from €8,421 to €7,792
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 | €731,351 | €701,882 | -€29,469 | -4.0% |
| Fixed assets | 21/28 | €540,891 | €481,224 | -€59,666 | -11.0% |
| Tangible fixed assets | 22/27 | €540,891 | €481,224 | -€59,666 | -11.0% |
| Land and buildings | 22 | €348,333 | €348,333 | = | 0.0% |
| Plant, machinery and equipment | 23 | €192,557 | €132,891 | -€59,666 | -31.0% |
| Current assets | 29/58 | €190,460 | €220,658 | +€30,198 | +15.9% |
| Amounts receivable after more than one year | 29 | €178,862 | €209,654 | +€30,792 | +17.2% |
| Other amounts receivable | 291 | €178,862 | €209,654 | +€30,792 | +17.2% |
| Amounts receivable within one year | 40/41 | €10,656 | €10,656 | = | 0.0% |
| Trade receivables | 40 | €10,656 | €10,656 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €942 | €348 | -€594 | -63.0% |
| Total equity and liabilities | 10/49 | €731,351 | €701,882 | -€29,469 | -4.0% |
| Equity | 10/15 | €419,362 | €396,968 | -€22,394 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,162 | €328,768 | -€22,394 | -6.4% |
| Provisions and deferred taxes | 16 | €300,000 | €300,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €300,000 | €300,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €11,989 | €4,914 | -€7,075 | -59.0% |
| Amounts payable after more than one year | 17 | €4,800 | €4,800 | = | 0.0% |
| Other amounts payable | 178/9 | €4,800 | €4,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,189 | €114 | -€7,075 | -98.4% |
| Trade debts | 44 | €7,189 | €114 | -€7,075 | -98.4% |
| Suppliers | 440/4 | €7,189 | €114 | -€7,075 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,572 | €59,666 | -€6,906 | -10.4% |
| Other operating charges | 640/8 | €33,378 | €31,009 | -€2,368 | -7.1% |
| Gross operating margin | 9900 | €50,685 | €60,983 | +€10,298 | +20.3% |
| Operating profit (loss) | 9901 | -€49,265 | -€29,693 | +€19,572 | +39.7% |
| Financial income | 75/76B | €8,421 | €7,792 | -€629 | -7.5% |
| Recurring financial income | 75 | €8,421 | €7,792 | -€629 | -7.5% |
| Financial charges | 65/66B | €267 | €492 | +€225 | +84.1% |
| Recurring financial charges | 65 | €267 | €492 | +€225 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,112 | -€22,394 | +€18,718 | +45.5% |
| Profit (loss) for the period | 9904 | -€41,112 | -€22,394 | +€18,718 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,112 | -€22,394 | +€18,718 | +45.5% |
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 12 October 2026 via checked.be.