SENDEN & DETHIER: 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.
SENDEN & DETHIER
Largest movements
- Stocks and contracts -€247,372
down €247,372 (-74.4%), from €332,380 to €85,008
- Cash +€73,907
up €73,907 (+830.5%), from €8,899 to €82,806
mainly Stocks and contracts (+€247,372) and Net result for the year (+€4,459)
- Receivables within one year +€9,868
up €9,868, from €0 to €9,868
of which Other amounts receivable: +€9,868
- Deferred charges and accrued income -€4,294
down €4,294 (-88.7%), from €4,842 to €548
- Trade debts -€51,104
down €51,104 (-97.7%), from €52,314 to €1,210
- Short-term financial debts -€47,860
down €47,860 (-100.0%), from €47,860 to €0
- Other debts -€30,052
down €30,052 (-95.1%), from €31,600 to €1,548
- Debts after one year -€24,649
down €24,649 (-22.7%), from €108,611 to €83,963
- Tax, wage and social debts -€17,644
down €17,644 (-69.3%), from €25,446 to €7,802
of which Taxes: -€12,205
- Gross operating margin +€50,239
up €50,239 (+148.4%), from €33,846 to €84,085
- Write-downs +€23,506
new in 2025: €23,506
- Staff costs +€17,459
up €17,459 (+91.8%), from €19,013 to €36,472
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 | €354,753 | €185,730 | -€169,023 | -47.6% |
| Fixed assets | 21/28 | €8,632 | €7,500 | -€1,132 | -13.1% |
| Tangible fixed assets | 22/27 | €1,132 | €0 | -€1,132 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,132 | €0 | -€1,132 | -100.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €346,121 | €178,230 | -€167,891 | -48.5% |
| Stocks and contracts in progress | 3 | €332,380 | €85,008 | -€247,372 | -74.4% |
| Stocks | 30/36 | €332,380 | €85,008 | -€247,372 | -74.4% |
| Amounts receivable within one year | 40/41 | €0 | €9,868 | +€9,868 | |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €9,868 | +€9,868 | |
| Cash at bank and in hand | 54/58 | €8,899 | €82,806 | +€73,907 | +830.5% |
| Deferred charges and accrued income | 490/1 | €4,842 | €548 | -€4,294 | -88.7% |
| Total equity and liabilities | 10/49 | €354,753 | €185,730 | -€169,023 | -47.6% |
| Equity | 10/15 | €62,100 | €66,559 | +€4,459 | +7.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,900 | -€43,441 | +€4,459 | +9.3% |
| Amounts payable | 17/49 | €292,653 | €119,171 | -€173,482 | -59.3% |
| Amounts payable after more than one year | 17 | €108,611 | €83,963 | -€24,649 | -22.7% |
| Financial debts | 170/4 | €108,611 | €83,963 | -€24,649 | -22.7% |
| Amounts payable within one year | 42/48 | €182,210 | €35,208 | -€147,002 | -80.7% |
| Current portion of amounts payable after more than one year | 42 | €24,990 | €24,649 | -€341 | -1.4% |
| Financial debts | 43 | €47,860 | €0 | -€47,860 | -100.0% |
| Credit institutions | 430/8 | €47,860 | €0 | -€47,860 | -100.0% |
| Trade debts | 44 | €52,314 | €1,210 | -€51,104 | -97.7% |
| Suppliers | 440/4 | €52,314 | €1,210 | -€51,104 | -97.7% |
| Taxes, remuneration and social security | 45 | €25,446 | €7,802 | -€17,644 | -69.3% |
| Taxes | 450/3 | €20,007 | €7,802 | -€12,205 | -61.0% |
| Remuneration and social security | 454/9 | €5,439 | €0 | -€5,439 | -100.0% |
| Other amounts payable | 47/48 | €31,600 | €1,548 | -€30,052 | -95.1% |
| Accrued charges and deferred income | 492/3 | €1,832 | €0 | -€1,832 | -100.0% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €48,868 | +€48,868 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €19,013 | €36,472 | +€17,459 | +91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | - | -€246 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,506 | +€23,506 | |
| Other operating charges | 640/8 | €2,957 | €2,187 | -€771 | -26.1% |
| Gross operating margin | 9900 | €33,846 | €84,085 | +€50,239 | +148.4% |
| Operating profit (loss) | 9901 | €11,630 | €21,921 | +€10,291 | +88.5% |
| Financial income | 75/76B | €58 | €13 | -€46 | -78.3% |
| Recurring financial income | 75 | €58 | €13 | -€46 | -78.3% |
| Financial charges | 65/66B | €17,528 | €17,342 | -€186 | -1.1% |
| Recurring financial charges | 65 | €17,528 | €17,342 | -€186 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,840 | €4,591 | +€10,431 | |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.4% |
| Profit (loss) for the period | 9904 | -€5,979 | €4,459 | +€10,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,979 | €4,459 | +€10,439 |
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 10 October 2026 via checked.be.