SENCO PROJECTS: 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.
SENCO PROJECTS
Largest movements
- Cash -€12,154
down €12,154 (-41.1%), from €29,539 to €17,385
mainly Other debts (-€17,474) and Investment in fixed assets (net) (-€4,350)
- Receivables within one year -€7,138
down €7,138 (-10.6%), from €67,222 to €60,084
of which Other amounts receivable: -€8,809
- Stocks and contracts +€2,775
up €2,775 (+90.2%), from €3,075 to €5,851
- Tangible fixed assets +€2,266
up €2,266 (+87.1%), from €2,603 to €4,870
- Deferred charges and accrued income +€1,635
new in 2025: €1,635
- Other debts -€17,474
down €17,474 (-13.7%), from €127,516 to €110,042
- Profit (loss) carried forward +€3,143
up €3,143 (+7.4%), from -€42,258 to -€39,115
- Trade debts +€1,399
up €1,399 (+82.2%), from €1,701 to €3,100
- Gross operating margin -€11,409
down €11,409 (-64.1%), from €17,791 to €6,382
- Depreciation +€1,374
up €1,374 (+193.5%), from €710 to €2,084
- Financial income -€306
down €306 (-82.0%), from €373 to €67
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 | €105,740 | €93,124 | -€12,616 | -11.9% |
| Fixed assets | 21/28 | €5,903 | €8,170 | +€2,266 | +38.4% |
| Tangible fixed assets | 22/27 | €2,603 | €4,870 | +€2,266 | +87.1% |
| Plant, machinery and equipment | 23 | €2,603 | €4,870 | +€2,266 | +87.1% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €99,836 | €84,954 | -€14,882 | -14.9% |
| Stocks and contracts in progress | 3 | €3,075 | €5,851 | +€2,775 | +90.2% |
| Stocks | 30/36 | €3,075 | €5,851 | +€2,775 | +90.2% |
| Amounts receivable within one year | 40/41 | €67,222 | €60,084 | -€7,138 | -10.6% |
| Trade receivables | 40 | €58,413 | €60,084 | +€1,671 | +2.9% |
| Other amounts receivable | 41 | €8,809 | - | -€8,809 | |
| Cash at bank and in hand | 54/58 | €29,539 | €17,385 | -€12,154 | -41.1% |
| Deferred charges and accrued income | 490/1 | - | €1,635 | +€1,635 | |
| Total equity and liabilities | 10/49 | €105,740 | €93,124 | -€12,616 | -11.9% |
| Equity | 10/15 | -€23,658 | -€20,515 | +€3,143 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,258 | -€39,115 | +€3,143 | +7.4% |
| Amounts payable | 17/49 | €129,397 | €113,639 | -€15,758 | -12.2% |
| Amounts payable within one year | 42/48 | €129,397 | €113,639 | -€15,758 | -12.2% |
| Trade debts | 44 | €1,701 | €3,100 | +€1,399 | +82.2% |
| Suppliers | 440/4 | €1,701 | €3,100 | +€1,399 | +82.2% |
| Advances received on contracts in progress | 46 | - | €150 | +€150 | |
| Taxes, remuneration and social security | 45 | €180 | €348 | +€167 | +93.0% |
| Taxes | 450/3 | €180 | €348 | +€167 | +93.0% |
| Other amounts payable | 47/48 | €127,516 | €110,042 | -€17,474 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €2,084 | +€1,374 | +193.5% |
| Other operating charges | 640/8 | €1,009 | €964 | -€45 | -4.5% |
| Gross operating margin | 9900 | €17,791 | €6,382 | -€11,409 | -64.1% |
| Operating profit (loss) | 9901 | €16,072 | €3,334 | -€12,738 | -79.3% |
| Financial income | 75/76B | €373 | €67 | -€306 | -82.0% |
| Recurring financial income | 75 | €373 | €67 | -€306 | -82.0% |
| Financial charges | 65/66B | €89 | €84 | -€5 | -5.3% |
| Recurring financial charges | 65 | €89 | €84 | -€5 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €16,356 | €3,317 | -€13,039 | -79.7% |
| Income taxes | 67/77 | €171 | €174 | +€4 | +2.1% |
| Profit (loss) for the period | 9904 | €16,186 | €3,143 | -€13,043 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,186 | €3,143 | -€13,043 | -80.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.