SENDTEX: 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.
SENDTEX
Largest movements
- Intangible fixed assets -€34,229
down €34,229 (-37.9%), from €90,211 to €55,982
- Receivables within one year +€3,561
up €3,561 (+20.2%), from €17,601 to €21,162
of which Trade receivables: +€8,789
- Cash +€2,959
up €2,959 (+110%), from €2,681 to €5,640
mainly Depreciation (+€34,229) and Net result for the year (+€7,030)
- Other debts -€35,358
no longer reported in 2025 (was €35,358)
- Reserves +€7,030
up €7,030 (+86.0%), from €8,172 to €15,202
- Tax, wage and social debts +€3,813
up €3,813 (+127%), from €3,002 to €6,815
- Trade debts -€3,262
down €3,262 (-6.6%), from €49,713 to €46,451
- Gross operating margin -€22,188
down €22,188 (-32.7%), from €67,775 to €45,587
- Depreciation -€7,830
down €7,830 (-18.6%), from €42,060 to €34,229
- Other operating charges +€810
up €810 (+1,306%), from €62 to €872
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.
Derived cash bridge
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 | €110,645 | €82,867 | -€27,778 | -25.1% |
| Fixed assets | 21/28 | €90,211 | €55,982 | -€34,229 | -37.9% |
| Intangible fixed assets | 21 | €90,211 | €55,982 | -€34,229 | -37.9% |
| Current assets | 29/58 | €20,434 | €26,885 | +€6,451 | +31.6% |
| Amounts receivable within one year | 40/41 | €17,601 | €21,162 | +€3,561 | +20.2% |
| Trade receivables | 40 | €12,373 | €21,162 | +€8,789 | +71.0% |
| Other amounts receivable | 41 | €5,228 | - | -€5,228 | |
| Cash at bank and in hand | 54/58 | €2,681 | €5,640 | +€2,959 | +110% |
| Deferred charges and accrued income | 490/1 | €153 | €83 | -€70 | -45.7% |
| Total equity and liabilities | 10/49 | €110,645 | €82,867 | -€27,778 | -25.1% |
| Equity | 10/15 | €22,572 | €29,602 | +€7,030 | +31.1% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €8,172 | €15,202 | +€7,030 | +86.0% |
| Distributable reserves | 133 | €8,172 | €15,202 | +€7,030 | +86.0% |
| Amounts payable | 17/49 | €88,073 | €53,265 | -€34,808 | -39.5% |
| Amounts payable within one year | 42/48 | €88,073 | €53,265 | -€34,808 | -39.5% |
| Trade debts | 44 | €49,713 | €46,451 | -€3,262 | -6.6% |
| Suppliers | 440/4 | €49,713 | €46,451 | -€3,262 | -6.6% |
| Taxes, remuneration and social security | 45 | €3,002 | €6,815 | +€3,813 | +127% |
| Taxes | 450/3 | €3,002 | €6,815 | +€3,813 | +127% |
| Other amounts payable | 47/48 | €35,358 | - | -€35,358 | |
| Non-recurring operating income | 76A | €6,353 | - | -€6,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,060 | €34,229 | -€7,830 | -18.6% |
| Other operating charges | 640/8 | €62 | €872 | +€810 | +1,306% |
| Gross operating margin | 9900 | €67,775 | €45,587 | -€22,188 | -32.7% |
| Operating profit (loss) | 9901 | €25,653 | €10,486 | -€15,167 | -59.1% |
| Financial charges | 65/66B | €590 | €830 | +€240 | +40.8% |
| Recurring financial charges | 65 | €590 | €830 | +€240 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €25,064 | €9,656 | -€15,408 | -61.5% |
| Income taxes | 67/77 | €3,002 | €2,626 | -€376 | -12.5% |
| Profit (loss) for the period | 9904 | €22,062 | €7,030 | -€15,032 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,062 | €7,030 | -€15,032 | -68.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.