SenCode: 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.
SenCode
Largest movements
- Cash -€131,191
down €131,191 (-79.3%), from €165,423 to €34,232
mainly Contributions, distributions and other (-€156,531) and Tax, wage and social debts (-€11,422)
- Receivables within one year +€10,762
up €10,762 (+71.7%), from €15,004 to €25,766
of which Trade receivables: +€9,777
- Reserves -€106,055
down €106,055 (-67.8%), from €156,531 to €50,476
- Tax, wage and social debts -€11,422
down €11,422 (-55.3%), from €20,646 to €9,224
of which Taxes: -€13,522
- Other debts -€3,917
down €3,917 (-89.3%), from €4,387 to €470
- Gross operating margin -€3,014
down €3,014 (-4.4%), from €68,643 to €65,628
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 | €183,961 | €62,276 | -€121,685 | -66.1% |
| Fixed assets | 21/28 | €2,456 | €1,583 | -€873 | -35.5% |
| Tangible fixed assets | 22/27 | €2,456 | €1,583 | -€873 | -35.5% |
| Plant, machinery and equipment | 23 | €1,061 | €675 | -€386 | -36.4% |
| Furniture and vehicles | 24 | €1,396 | €908 | -€487 | -34.9% |
| Current assets | 29/58 | €181,505 | €60,693 | -€120,812 | -66.6% |
| Amounts receivable within one year | 40/41 | €15,004 | €25,766 | +€10,762 | +71.7% |
| Trade receivables | 40 | €15,004 | €24,781 | +€9,777 | +65.2% |
| Other amounts receivable | 41 | - | €986 | +€986 | |
| Cash at bank and in hand | 54/58 | €165,423 | €34,232 | -€131,191 | -79.3% |
| Deferred charges and accrued income | 490/1 | €1,078 | €695 | -€383 | -35.5% |
| Total equity and liabilities | 10/49 | €183,961 | €62,276 | -€121,685 | -66.1% |
| Equity | 10/15 | €157,531 | €51,476 | -€106,055 | -67.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €156,531 | €50,476 | -€106,055 | -67.8% |
| Distributable reserves | 133 | €156,531 | €50,476 | -€106,055 | -67.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,430 | €10,800 | -€15,630 | -59.1% |
| Amounts payable within one year | 42/48 | €26,074 | €10,622 | -€15,453 | -59.3% |
| Trade debts | 44 | €1,042 | €928 | -€114 | -10.9% |
| Suppliers | 440/4 | €1,042 | €928 | -€114 | -10.9% |
| Taxes, remuneration and social security | 45 | €20,646 | €9,224 | -€11,422 | -55.3% |
| Taxes | 450/3 | €20,646 | €7,124 | -€13,522 | -65.5% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €4,387 | €470 | -€3,917 | -89.3% |
| Accrued charges and deferred income | 492/3 | €356 | €178 | -€178 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €873 | = | 0.0% |
| Other operating charges | 640/8 | €320 | €729 | +€408 | +127.6% |
| Gross operating margin | 9900 | €68,643 | €65,628 | -€3,014 | -4.4% |
| Operating profit (loss) | 9901 | €67,449 | €64,027 | -€3,423 | -5.1% |
| Financial income | 75/76B | €32 | €0 | -€32 | -100.0% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -100.0% |
| Financial charges | 65/66B | €931 | €536 | -€395 | -42.4% |
| Recurring financial charges | 65 | €931 | €536 | -€395 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €66,550 | €63,491 | -€3,060 | -4.6% |
| Income taxes | 67/77 | €13,664 | €13,014 | -€650 | -4.8% |
| Profit (loss) for the period | 9904 | €52,886 | €50,476 | -€2,410 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,886 | €50,476 | -€2,410 | -4.6% |
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.