SENDAZ: 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.
SENDAZ
Largest movements
- Receivables within one year +€14,710
up €14,710 (+931.0%), from €1,580 to €16,289
of which Trade receivables: +€14,364
- Intangible fixed assets -€1,811
no longer reported in 2025 (was €1,811)
- Other debts +€37,117
up €37,117 (+161.0%), from €23,059 to €60,176
- Profit (loss) carried forward -€24,872
down €24,872 (-14.0%), from -€178,211 to -€203,084
- Trade debts -€14,757
down €14,757 (-71.6%), from €20,614 to €5,857
- Advances received +€14,364
new in 2025: €14,364
- Tax, wage and social debts +€840
new in 2025: €840
- Gross operating margin +€24,841
up €24,841 (+62.8%), from -€39,569 to -€14,728
- Financial charges -€4,026
down €4,026 (-48.7%), from €8,260 to €4,234
- Other operating charges +€3,926
new in 2025: €3,926
- Depreciation -€1,189
down €1,189 (-39.6%), from €3,000 to €1,811
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 | €20,462 | €33,154 | +€12,692 | +62.0% |
| Fixed assets | 21/28 | €1,811 | - | -€1,811 | |
| Intangible fixed assets | 21 | €1,811 | - | -€1,811 | |
| Current assets | 29/58 | €18,650 | €33,154 | +€14,503 | +77.8% |
| Stocks and contracts in progress | 3 | €13,545 | €13,545 | = | 0.0% |
| Stocks | 30/36 | €13,545 | €13,545 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,580 | €16,289 | +€14,710 | +931.0% |
| Trade receivables | 40 | €1,579 | €15,943 | +€14,364 | +909.7% |
| Other amounts receivable | 41 | €1 | €346 | +€345 | +39256.8% |
| Cash at bank and in hand | 54/58 | €3,526 | €3,319 | -€206 | -5.9% |
| Total equity and liabilities | 10/49 | €20,462 | €33,154 | +€12,692 | +62.0% |
| Equity | 10/15 | -€123,211 | -€148,084 | -€24,872 | -20.2% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,211 | -€203,084 | -€24,872 | -14.0% |
| Amounts payable | 17/49 | €143,673 | €181,237 | +€37,564 | +26.1% |
| Amounts payable within one year | 42/48 | €143,673 | €181,237 | +€37,564 | +26.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €20,614 | €5,857 | -€14,757 | -71.6% |
| Suppliers | 440/4 | €20,614 | €5,857 | -€14,757 | -71.6% |
| Advances received on contracts in progress | 46 | - | €14,364 | +€14,364 | |
| Taxes, remuneration and social security | 45 | - | €840 | +€840 | |
| Taxes | 450/3 | - | €840 | +€840 | |
| Other amounts payable | 47/48 | €23,059 | €60,176 | +€37,117 | +161.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €1,811 | -€1,189 | -39.6% |
| Other operating charges | 640/8 | - | €3,926 | +€3,926 | |
| Non-recurring operating charges | 66A | - | €174 | +€174 | |
| Gross operating margin | 9900 | -€39,569 | -€14,728 | +€24,841 | +62.8% |
| Operating profit (loss) | 9901 | -€42,569 | -€20,639 | +€21,930 | +51.5% |
| Financial charges | 65/66B | €8,260 | €4,234 | -€4,026 | -48.7% |
| Recurring financial charges | 65 | €8,260 | €4,234 | -€4,026 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€50,829 | -€24,872 | +€25,956 | +51.1% |
| Profit (loss) for the period | 9904 | -€50,829 | -€24,872 | +€25,956 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,829 | -€24,872 | +€25,956 | +51.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.