SENA INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Stocks and contracts +€60,484
up €60,484 (+26.2%), from €231,101 to €291,585
- Receivables within one year -€35,422
down €35,422 (-23.4%), from €151,337 to €115,916
of which Trade receivables: -€35,538
- Cash +€18,905
up €18,905 (+22.7%), from €83,187 to €102,092
mainly Debts after one year (+€76,168) and Net result for the year (+€71,818)
- Tangible fixed assets -€8,008
down €8,008 (-76.5%), from €10,461 to €2,453
- Short-term financial debts -€135,000
down €135,000 (-57.4%), from €235,000 to €100,000
- Debts after one year +€76,168
up €76,168, from €0 to €76,168
of which Financial debts: +€76,168
- Profit (loss) carried forward +€71,818
up €71,818 (+16.6%), from -€433,770 to -€361,952
- Trade debts +€21,195
up €21,195 (+27.2%), from €77,850 to €99,046
- Gross operating margin +€47,151
up €47,151 (+21.3%), from €221,259 to €268,411
- Taxes +€45,957
up €45,957 (+21,228%), from €216 to €46,174
- Write-downs -€35,510
down €35,510 (-99.1%), from €35,833 to €323
- Financial charges -€14,852
down €14,852 (-55.0%), from €27,017 to €12,165
of which Financial charges: -€14,852
- Depreciation -€7,435
down €7,435 (-48.6%), from €15,304 to €7,869
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 | €487,692 | €523,421 | +€35,729 | +7.3% |
| Fixed assets | 21/28 | €22,067 | €13,543 | -€8,524 | -38.6% |
| Intangible fixed assets | 21 | €515 | €0 | -€515 | -100% |
| Tangible fixed assets | 22/27 | €10,461 | €2,453 | -€8,008 | -76.5% |
| Land and buildings | 22 | €1,785 | €1,250 | -€535 | -30.0% |
| Plant, machinery and equipment | 23 | €3,737 | €149 | -€3,588 | -96.0% |
| Furniture and vehicles | 24 | €3,586 | €39 | -€3,546 | -98.9% |
| Other tangible fixed assets | 26 | €1,353 | €1,015 | -€338 | -25.0% |
| Financial fixed assets | 28 | €11,090 | €11,090 | = | 0.0% |
| Current assets | 29/58 | €465,625 | €509,878 | +€44,253 | +9.5% |
| Stocks and contracts in progress | 3 | €231,101 | €291,585 | +€60,484 | +26.2% |
| Stocks | 30/36 | €231,101 | €291,585 | +€60,484 | +26.2% |
| Amounts receivable within one year | 40/41 | €151,337 | €115,916 | -€35,422 | -23.4% |
| Trade receivables | 40 | €151,147 | €115,609 | -€35,538 | -23.5% |
| Other amounts receivable | 41 | €191 | €306 | +€116 | +60.7% |
| Cash at bank and in hand | 54/58 | €83,187 | €102,092 | +€18,905 | +22.7% |
| Deferred charges and accrued income | 490/1 | - | €286 | +€286 | |
| Total equity and liabilities | 10/49 | €487,692 | €523,421 | +€35,729 | +7.3% |
| Equity | 10/15 | €59,980 | €131,798 | +€71,818 | +120% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €143,750 | €143,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,250 | €131,250 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€433,770 | -€361,952 | +€71,818 | +16.6% |
| Amounts payable | 17/49 | €427,712 | €391,624 | -€36,088 | -8.4% |
| Amounts payable after more than one year | 17 | €0 | €76,168 | +€76,168 | |
| Financial debts | 170/4 | €0 | €76,168 | +€76,168 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €427,712 | €315,456 | -€112,256 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €27,730 | €32,698 | +€4,969 | +17.9% |
| Financial debts | 43 | €235,000 | €100,000 | -€135,000 | -57.4% |
| Credit institutions | 430/8 | €235,000 | €100,000 | -€135,000 | -57.4% |
| Trade debts | 44 | €77,850 | €99,046 | +€21,195 | +27.2% |
| Suppliers | 440/4 | €77,850 | €99,046 | +€21,195 | +27.2% |
| Taxes, remuneration and social security | 45 | €64,632 | €61,212 | -€3,420 | -5.3% |
| Taxes | 450/3 | €43,393 | €41,224 | -€2,169 | -5.0% |
| Remuneration and social security | 454/9 | €21,239 | €19,988 | -€1,250 | -5.9% |
| Other amounts payable | 47/48 | €22,500 | €22,500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €129,149 | €133,750 | +€4,601 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,304 | €7,869 | -€7,435 | -48.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,833 | €323 | -€35,510 | -99.1% |
| Other operating charges | 640/8 | €2,305 | €1,944 | -€361 | -15.7% |
| Non-recurring operating charges | 66A | €16,456 | €1,167 | -€15,289 | -92.9% |
| Gross operating margin | 9900 | €221,259 | €268,411 | +€47,151 | +21.3% |
| Operating profit (loss) | 9901 | €22,211 | €123,357 | +€101,145 | +455% |
| Financial income | 75/76B | €7,756 | €6,800 | -€956 | -12.3% |
| Recurring financial income | 75 | €5,077 | €954 | -€4,123 | -81.2% |
| Non-recurring financial income | 76B | €2,679 | €5,846 | +€3,167 | +118% |
| Financial charges | 65/66B | €27,017 | €12,165 | -€14,852 | -55.0% |
| Recurring financial charges | 65 | €27,017 | €12,165 | -€14,852 | -55.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €2,950 | €117,991 | +€115,041 | +3,900% |
| Income taxes | 67/77 | €216 | €46,174 | +€45,957 | +21,228% |
| Profit (loss) for the period | 9904 | €2,733 | €71,818 | +€69,084 | +2,528% |
| Profit (loss) for the period to be appropriated | 9905 | €2,733 | €71,818 | +€69,084 | +2,528% |
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 30 October 2026 via checked.be.