SENCOR: 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.
SENCOR
Largest movements
- Tangible fixed assets -€60,579
down €60,579 (-25.7%), from €235,421 to €174,842
of which Furniture and vehicles: -€31,111
- Receivables within one year -€25,175
down €25,175 (-42.6%), from €59,107 to €33,933
of which Trade receivables: -€26,558
- Deferred charges and accrued income +€22,919
up €22,919 (+288.2%), from €7,953 to €30,872
- Cash -€15,153
down €15,153 (-42.0%), from €36,054 to €20,901
mainly Debts after one year (-€45,777) and Deferred charges and accrued income (-€22,919)
- Stocks and contracts -€4,965
down €4,965 (-62.6%), from €7,936 to €2,971
- Debts after one year -€45,777
down €45,777 (-25.3%), from €180,713 to €134,936
- Other debts -€20,038
no longer reported in 2025 (was €20,038)
- Profit (loss) carried forward -€13,906
down €13,906 (-20.7%), from -€67,245 to -€81,151
- Trade debts -€3,746
down €3,746 (-23.7%), from €15,789 to €12,043
- Depreciation +€28,152
up €28,152 (+84.5%), from €33,332 to €61,484
- Gross operating margin +€13,924
up €13,924 (+9.8%), from €141,574 to €155,498
- Staff costs +€9,761
up €9,761 (+12.8%), from €76,320 to €86,081
- Other operating charges +€6,749
up €6,749 (+146.6%), from €4,602 to €11,351
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 | €346,471 | €263,519 | -€82,952 | -23.9% |
| Fixed assets | 21/28 | €235,421 | €174,842 | -€60,579 | -25.7% |
| Tangible fixed assets | 22/27 | €235,421 | €174,842 | -€60,579 | -25.7% |
| Plant, machinery and equipment | 23 | €1,496 | €1,028 | -€468 | -31.3% |
| Furniture and vehicles | 24 | €141,204 | €110,093 | -€31,111 | -22.0% |
| Leasing and similar rights | 25 | €92,721 | €63,721 | -€29,000 | -31.3% |
| Current assets | 29/58 | €111,051 | €88,677 | -€22,373 | -20.1% |
| Stocks and contracts in progress | 3 | €7,936 | €2,971 | -€4,965 | -62.6% |
| Stocks | 30/36 | €7,936 | €2,971 | -€4,965 | -62.6% |
| Amounts receivable within one year | 40/41 | €59,107 | €33,933 | -€25,175 | -42.6% |
| Trade receivables | 40 | €54,099 | €27,541 | -€26,558 | -49.1% |
| Other amounts receivable | 41 | €5,009 | €6,392 | +€1,383 | +27.6% |
| Cash at bank and in hand | 54/58 | €36,054 | €20,901 | -€15,153 | -42.0% |
| Deferred charges and accrued income | 490/1 | €7,953 | €30,872 | +€22,919 | +288.2% |
| Total equity and liabilities | 10/49 | €346,471 | €263,519 | -€82,952 | -23.9% |
| Equity | 10/15 | €61,936 | €48,030 | -€13,906 | -22.5% |
| Contributions | 10/11 | €89,600 | €89,600 | = | 0.0% |
| Reserves | 13 | €39,581 | €39,581 | = | 0.0% |
| Distributable reserves | 133 | €39,581 | €39,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,245 | -€81,151 | -€13,906 | -20.7% |
| Amounts payable | 17/49 | €284,535 | €215,489 | -€69,046 | -24.3% |
| Amounts payable after more than one year | 17 | €180,713 | €134,936 | -€45,777 | -25.3% |
| Financial debts | 170/4 | €180,713 | €134,936 | -€45,777 | -25.3% |
| Amounts payable within one year | 42/48 | €103,100 | €80,553 | -€22,547 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €46,102 | €45,777 | -€325 | -0.7% |
| Trade debts | 44 | €15,789 | €12,043 | -€3,746 | -23.7% |
| Suppliers | 440/4 | €15,789 | €12,043 | -€3,746 | -23.7% |
| Taxes, remuneration and social security | 45 | €21,171 | €22,733 | +€1,562 | +7.4% |
| Taxes | 450/3 | €13,473 | €14,473 | +€1,000 | +7.4% |
| Remuneration and social security | 454/9 | €7,698 | €8,260 | +€562 | +7.3% |
| Other amounts payable | 47/48 | €20,038 | - | -€20,038 | |
| Accrued charges and deferred income | 492/3 | €722 | - | -€722 | |
| Remuneration, social security and pensions | 62 | €76,320 | €86,081 | +€9,761 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,332 | €61,484 | +€28,152 | +84.5% |
| Other operating charges | 640/8 | €4,602 | €11,351 | +€6,749 | +146.6% |
| Gross operating margin | 9900 | €141,574 | €155,498 | +€13,924 | +9.8% |
| Operating profit (loss) | 9901 | €27,320 | -€3,417 | -€30,738 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.8% |
| Financial charges | 65/66B | €9,026 | €10,260 | +€1,234 | +13.7% |
| Recurring financial charges | 65 | €9,026 | €10,260 | +€1,234 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €18,297 | -€13,678 | -€31,975 | |
| Income taxes | 67/77 | €268 | €228 | -€40 | -15.0% |
| Profit (loss) for the period | 9904 | €18,029 | -€13,906 | -€31,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,029 | -€13,906 | -€31,935 |
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 12 October 2026 via checked.be.