SENACO: 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.
SENACO
Largest movements
- Tangible fixed assets -€22,515
down €22,515 (-12.9%), from €174,785 to €152,270
of which Furniture and vehicles: -€12,857
- Receivables within one year +€20,472
up €20,472 (+131.5%), from €15,568 to €36,040
of which Trade receivables: +€21,099
- Cash -€9,147
down €9,147 (-37.2%), from €24,592 to €15,446
mainly Debts after one year (-€24,645) and Receivables within one year (-€20,472)
- Debts after one year -€24,645
down €24,645 (-21.9%), from €112,769 to €88,123
- Trade debts +€6,690
up €6,690 (+122.3%), from €5,468 to €12,157
- Reserves +€6,568
up €6,568 (+14.6%), from €45,089 to €51,657
- Tax, wage and social debts +€4,245
up €4,245 (+63.6%), from €6,670 to €10,916
- Other debts -€3,870
down €3,870 (-24.7%), from €15,657 to €11,786
- Gross operating margin +€11,969
up €11,969 (+39.8%), from €30,055 to €42,023
- Taxes +€2,988
up €2,988 (+548.0%), from €545 to €3,533
- Other operating charges +€1,070
up €1,070 (+90.8%), from €1,178 to €2,248
- Financial charges -€792
down €792 (-18.1%), from €4,387 to €3,595
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 | €216,702 | €205,485 | -€11,217 | -5.2% |
| Fixed assets | 21/28 | €175,585 | €152,870 | -€22,715 | -12.9% |
| Intangible fixed assets | 21 | €800 | €600 | -€200 | -25.0% |
| Tangible fixed assets | 22/27 | €174,785 | €152,270 | -€22,515 | -12.9% |
| Land and buildings | 22 | €132,297 | €125,266 | -€7,031 | -5.3% |
| Plant, machinery and equipment | 23 | €12,065 | €9,437 | -€2,627 | -21.8% |
| Furniture and vehicles | 24 | €30,423 | €17,567 | -€12,857 | -42.3% |
| Current assets | 29/58 | €41,117 | €52,615 | +€11,498 | +28.0% |
| Amounts receivable within one year | 40/41 | €15,568 | €36,040 | +€20,472 | +131.5% |
| Trade receivables | 40 | €14,736 | €35,835 | +€21,099 | +143.2% |
| Other amounts receivable | 41 | €832 | €205 | -€627 | -75.4% |
| Cash at bank and in hand | 54/58 | €24,592 | €15,446 | -€9,147 | -37.2% |
| Deferred charges and accrued income | 490/1 | €957 | €1,130 | +€173 | +18.0% |
| Total equity and liabilities | 10/49 | €216,702 | €205,485 | -€11,217 | -5.2% |
| Equity | 10/15 | €47,925 | €57,857 | +€9,932 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,089 | €51,657 | +€6,568 | +14.6% |
| Distributable reserves | 133 | €45,089 | €51,657 | +€6,568 | +14.6% |
| Profit (loss) carried forward | 14 | -€3,364 | €0 | +€3,364 | |
| Amounts payable | 17/49 | €168,777 | €147,628 | -€21,149 | -12.5% |
| Amounts payable after more than one year | 17 | €112,769 | €88,123 | -€24,645 | -21.9% |
| Financial debts | 170/4 | €112,769 | €88,123 | -€24,645 | -21.9% |
| Amounts payable within one year | 42/48 | €56,009 | €59,505 | +€3,496 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €28,214 | €24,645 | -€3,569 | -12.6% |
| Trade debts | 44 | €5,468 | €12,157 | +€6,690 | +122.3% |
| Suppliers | 440/4 | €5,468 | €12,157 | +€6,690 | +122.3% |
| Taxes, remuneration and social security | 45 | €6,670 | €10,916 | +€4,245 | +63.6% |
| Taxes | 450/3 | €6,670 | €10,916 | +€4,245 | +63.6% |
| Other amounts payable | 47/48 | €15,657 | €11,786 | -€3,870 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,948 | €22,715 | -€233 | -1.0% |
| Other operating charges | 640/8 | €1,178 | €2,248 | +€1,070 | +90.8% |
| Gross operating margin | 9900 | €30,055 | €42,023 | +€11,969 | +39.8% |
| Operating profit (loss) | 9901 | €5,928 | €17,060 | +€11,132 | +187.8% |
| Financial income | 75/76B | €175 | €0 | -€175 | -99.9% |
| Recurring financial income | 75 | €175 | €0 | -€175 | -99.9% |
| Financial charges | 65/66B | €4,387 | €3,595 | -€792 | -18.1% |
| Recurring financial charges | 65 | €4,387 | €3,595 | -€792 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €1,716 | €13,465 | +€11,749 | +684.7% |
| Income taxes | 67/77 | €545 | €3,533 | +€2,988 | +548.0% |
| Profit (loss) for the period | 9904 | €1,171 | €9,932 | +€8,761 | +748.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,171 | €9,932 | +€8,761 | +748.4% |
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 11 October 2026 via checked.be.