SENDICO: 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.
SENDICO
Largest movements
- Tangible fixed assets -€38,576
down €38,576 (-9.2%), from €419,447 to €380,871
of which Land and buildings: -€28,106
- Cash +€34,720
up €34,720 (+22.8%), from €152,340 to €187,060
mainly Other debts (+€321,958) and Net result for the year (+€166,564)
- Other debts +€321,958
up €321,958 (+869.5%), from €37,027 to €358,985
- Reserves -€301,425
no longer reported in 2025 (was €301,425)
- Debts after one year -€29,362
down €29,362 (-14.5%), from €202,111 to €172,749
- Tax, wage and social debts +€9,135
up €9,135 (+712.7%), from €1,282 to €10,417
- Gross operating margin +€45,989
up €45,989 (+22.4%), from €205,540 to €251,528
- Taxes +€8,091
up €8,091 (+20.9%), from €38,663 to €46,754
- Depreciation -€3,134
down €3,134 (-9.8%), from €31,851 to €28,717
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 | €596,287 | €595,998 | -€290 | 0.0% |
| Fixed assets | 21/28 | €419,447 | €380,871 | -€38,576 | -9.2% |
| Tangible fixed assets | 22/27 | €419,447 | €380,871 | -€38,576 | -9.2% |
| Land and buildings | 22 | €408,264 | €380,158 | -€28,106 | -6.9% |
| Furniture and vehicles | 24 | €11,183 | €713 | -€10,470 | -93.6% |
| Current assets | 29/58 | €176,841 | €215,127 | +€38,286 | +21.7% |
| Cash at bank and in hand | 54/58 | €152,340 | €187,060 | +€34,720 | +22.8% |
| Deferred charges and accrued income | 490/1 | €24,500 | €28,067 | +€3,566 | +14.6% |
| Total equity and liabilities | 10/49 | €596,287 | €595,998 | -€290 | 0.0% |
| Equity | 10/15 | €320,025 | €18,600 | -€301,425 | -94.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,425 | - | -€301,425 | |
| Distributable reserves | 133 | €301,425 | - | -€301,425 | |
| Amounts payable | 17/49 | €276,262 | €577,398 | +€301,136 | +109.0% |
| Amounts payable after more than one year | 17 | €202,111 | €172,749 | -€29,362 | -14.5% |
| Financial debts | 170/4 | €202,111 | €172,749 | -€29,362 | -14.5% |
| Amounts payable within one year | 42/48 | €73,901 | €404,399 | +€330,498 | +447.2% |
| Current portion of amounts payable after more than one year | 42 | €28,876 | €29,362 | +€486 | +1.7% |
| Trade debts | 44 | €6,715 | €5,634 | -€1,081 | -16.1% |
| Suppliers | 440/4 | €6,715 | €5,634 | -€1,081 | -16.1% |
| Taxes, remuneration and social security | 45 | €1,282 | €10,417 | +€9,135 | +712.7% |
| Taxes | 450/3 | €1,282 | €10,417 | +€9,135 | +712.7% |
| Other amounts payable | 47/48 | €37,027 | €358,985 | +€321,958 | +869.5% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,851 | €28,717 | -€3,134 | -9.8% |
| Other operating charges | 640/8 | €2,099 | €2,689 | +€590 | +28.1% |
| Gross operating margin | 9900 | €205,540 | €251,528 | +€45,989 | +22.4% |
| Operating profit (loss) | 9901 | €171,590 | €220,123 | +€48,533 | +28.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.0% |
| Financial charges | 65/66B | €4,988 | €6,805 | +€1,817 | +36.4% |
| Recurring financial charges | 65 | €4,988 | €6,805 | +€1,817 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €166,604 | €213,318 | +€46,714 | +28.0% |
| Income taxes | 67/77 | €38,663 | €46,754 | +€8,091 | +20.9% |
| Profit (loss) for the period | 9904 | €127,941 | €166,564 | +€38,623 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,941 | €166,564 | +€38,623 | +30.2% |
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.