SENABO: 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.
SENABO
Largest movements
- Stocks and contracts -€51,029
down €51,029 (-97.1%), from €52,529 to €1,500
of which Stocks: -€51,029
- Cash -€2,760
down €2,760 (-99.4%), from €2,777 to €17
mainly Net result for the year (-€29,030) and Short-term financial debts (-€24,441)
- Profit (loss) carried forward -€29,030
down €29,030, from €4,503 to -€24,527
- Short-term financial debts -€24,441
down €24,441 (-55.9%), from €43,740 to €19,299
- Trade debts -€605
no longer reported in 2024 (was €605)
- Gross operating margin -€27,197
down €27,197 (-1,776%), from -€1,531 to -€28,728
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,648 | €1,717 | -€53,931 | -96.9% |
| Fixed assets | 21/28 | €300 | €200 | -€100 | -33.3% |
| Tangible fixed assets | 22/27 | €300 | €200 | -€100 | -33.3% |
| Plant, machinery and equipment | 23 | €300 | €200 | -€100 | -33.3% |
| Current assets | 29/58 | €55,348 | €1,517 | -€53,831 | -97.3% |
| Stocks and contracts in progress | 3 | €52,529 | €1,500 | -€51,029 | -97.1% |
| Stocks | 30/36 | €51,029 | - | -€51,029 | |
| Contracts in progress | 37 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42 | - | -€42 | |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €2,777 | €17 | -€2,760 | -99.4% |
| Total equity and liabilities | 10/49 | €55,648 | €1,717 | -€53,931 | -96.9% |
| Equity | 10/15 | €11,303 | -€17,727 | -€29,030 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Legal reserve | 130 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,503 | -€24,527 | -€29,030 | |
| Amounts payable | 17/49 | €44,345 | €19,444 | -€24,901 | -56.2% |
| Amounts payable within one year | 42/48 | €44,345 | €19,444 | -€24,901 | -56.2% |
| Financial debts | 43 | €43,740 | €19,299 | -€24,441 | -55.9% |
| Other loans | 439 | €43,740 | €19,299 | -€24,441 | -55.9% |
| Trade debts | 44 | €605 | - | -€605 | |
| Suppliers | 440/4 | €605 | - | -€605 | |
| Taxes, remuneration and social security | 45 | - | €145 | +€145 | |
| Taxes | 450/3 | - | €145 | +€145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €100 | = | 0.0% |
| Other operating charges | 640/8 | - | €187 | +€187 | |
| Gross operating margin | 9900 | -€1,531 | -€28,728 | -€27,197 | -1,776% |
| Operating profit (loss) | 9901 | -€1,631 | -€29,015 | -€27,384 | -1,679% |
| Financial charges | 65/66B | €92 | €15 | -€77 | -84.0% |
| Recurring financial charges | 65 | €92 | €15 | -€77 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,723 | -€29,030 | -€27,307 | -1,585% |
| Profit (loss) for the period | 9904 | -€1,723 | -€29,030 | -€27,307 | -1,585% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,723 | -€29,030 | -€27,307 | -1,585% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.