SENEC: 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.
What changed
SENEC
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€2.7m
2023 · -€912,250-€1.8m
Equity
-€950,968
2023 · €1.7m-€2.7m
Cash
€106
2023 · €158-€52
Balance sheet total
€6.1m
2023 · €5.4m+€694,695
Largest movements
Assets
- Receivables within one year +€549,077
up €549,077 (+30.2%), from €1.8m to €2.4m
of which Trade receivables: +€325,543
- Stocks and contracts +€122,880
up €122,880 (+10.8%), from €1.1m to €1.3m
- Tangible fixed assets +€80,828
up €80,828 (+13.1%), from €619,001 to €699,829
of which Other tangible fixed assets: +€87,256
Equity and liabilities
- Profit (loss) carried forward -€2.7m
down €2.7m (-149.0%), from -€1.8m to -€4.5m
- Short-term financial debts +€2.1m
up €2.1m (+30848.6%), from €6,824 to €2.1m
- Trade debts +€1.2m
up €1.2m (+58.7%), from €2.0m to €3.2m
- Other debts -€271,585
no longer reported in 2024 (was €271,585)
- Advances received +€189,531
up €189,531 (+308.8%), from €61,372 to €250,903
Income statement
- Turnover +€2.7m
up €2.7m (+21.0%), from €12.8m to €15.5m
- Services and other goods +€1.7m
up €1.7m (+61.7%), from €2.7m to €4.4m
- Staff costs +€1.3m
up €1.3m (+19.1%), from €6.7m to €7.9m
- Goods and materials +€1.1m
up €1.1m (+24.6%), from €4.4m to €5.4m
of which Purchases: +€1.2m
- Other operating charges +€417,968
up €417,968 (+638.9%), from €65,421 to €483,389
From the 2023 result to the 2024 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.
Result 2023
-€912,250
Turnover
+€2.7m
Other operating income
+€270,714
Goods and materials
-€1.1m
Services and other goods
-€1.7m
Staff costs
-€1.3m
Depreciation
-€52,529
Write-downs
-€11,784
Provisions
-€42,145
Other operating charges
-€417,968
Other operating items
-€20,879
Financial income
+€745
Financial charges
-€151,732
Taxes
+€34,649
Result 2024
-€2.7m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.8m
Investment
-€345,351
Financing
+€2.1m
Cash 2023
€158
From operations (derived)
-€1.8m
Net result for the year
-€2.7m
Depreciation
+€268,288
Stocks and contracts
-€122,880
Receivables within one year
-€549,077
Deferred charges and accrued income
+€54,273
Trade debts
+€1.2m
Tax, wage and social debts
+€1,547
Advances received
+€189,531
Other debts
-€271,585
Accrued charges and deferred income
+€146,294
Investment (derived)
-€345,351
Investment in fixed assets (net)
-€345,351
Financing
+€2.1m
Short-term financial debts
+€2.1m
Cash 2024
€106
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,417,929 | €6,112,624 | +€694,695 | +12.8% |
| Fixed assets | 21/28 | €2,340,522 | €2,417,585 | +€77,063 | +3.3% |
| Intangible fixed assets | 21 | €404,426 | €390,051 | -€14,375 | -3.6% |
| Tangible fixed assets | 22/27 | €619,001 | €699,829 | +€80,828 | +13.1% |
| Land and buildings | 22 | €163,067 | €156,504 | -€6,563 | -4.0% |
| Plant, machinery and equipment | 23 | €149,486 | €176,109 | +€26,623 | +17.8% |
| Furniture and vehicles | 24 | €258,175 | €236,649 | -€21,526 | -8.3% |
| Other tangible fixed assets | 26 | €40,561 | €127,817 | +€87,256 | +215.1% |
| Assets under construction and advance payments | 27 | €7,712 | €2,750 | -€4,962 | -64.3% |
| Financial fixed assets | 28 | €1,317,095 | €1,327,705 | +€10,610 | +0.8% |
| Affiliated companies | 280/1 | €1,310,000 | €1,310,000 | = | 0.0% |
| Participating interests | 280 | €1,310,000 | €1,310,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,095 | €17,705 | +€10,610 | +149.5% |
| Amounts receivable and cash guarantees | 285/8 | €7,095 | €17,705 | +€10,610 | +149.5% |
| Current assets | 29/58 | €3,077,407 | €3,695,039 | +€617,632 | +20.1% |
| Stocks and contracts in progress | 3 | €1,137,390 | €1,260,270 | +€122,880 | +10.8% |
| Stocks | 30/36 | €1,137,390 | €1,260,270 | +€122,880 | +10.8% |
| Goods purchased for resale | 34 | €1,137,390 | €1,260,270 | +€122,880 | +10.8% |
| Amounts receivable within one year | 40/41 | €1,815,949 | €2,365,026 | +€549,077 | +30.2% |
| Trade receivables | 40 | €1,592,085 | €1,917,628 | +€325,543 | +20.4% |
| Other amounts receivable | 41 | €223,864 | €447,398 | +€223,534 | +99.9% |
| Cash at bank and in hand | 54/58 | €158 | €106 | -€52 | -32.9% |
| Deferred charges and accrued income | 490/1 | €123,910 | €69,637 | -€54,273 | -43.8% |
| Total equity and liabilities | 10/49 | €5,417,929 | €6,112,624 | +€694,695 | +12.8% |
| Equity | 10/15 | €1,713,829 | -€950,968 | -€2.7m | |
| Contributions | 10/11 | €3,346,152 | €3,346,152 | = | 0.0% |
| Capital | 10 | €3,307,000 | €3,307,000 | = | 0.0% |
| Issued capital | 100 | €3,307,000 | €3,307,000 | = | 0.0% |
| Outside capital | 11 | €39,152 | €39,152 | = | 0.0% |
| Share premium | 1100/10 | €39,152 | €39,152 | = | 0.0% |
| Reserves | 13 | €156,721 | €156,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €156,721 | €156,721 | = | 0.0% |
| Legal reserve | 130 | €148,761 | €148,761 | = | 0.0% |
| Other | 1319 | €7,960 | €7,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,789,044 | -€4,453,841 | -€2.7m | -149.0% |
| Amounts payable | 17/49 | €3,704,100 | €7,063,592 | +€3.4m | +90.7% |
| Amounts payable within one year | 42/48 | €3,461,486 | €6,674,684 | +€3.2m | +92.8% |
| Financial debts | 43 | €6,824 | €2,111,932 | +€2.1m | +30848.6% |
| Credit institutions | 430/8 | €6,824 | €2,111,932 | +€2.1m | +30848.6% |
| Trade debts | 44 | €2,026,509 | €3,215,106 | +€1.2m | +58.7% |
| Suppliers | 440/4 | €2,026,509 | €3,215,106 | +€1.2m | +58.7% |
| Advances received on contracts in progress | 46 | €61,372 | €250,903 | +€189,531 | +308.8% |
| Taxes, remuneration and social security | 45 | €1,095,196 | €1,096,743 | +€1,547 | +0.1% |
| Taxes | 450/3 | €63,489 | €28,462 | -€35,027 | -55.2% |
| Remuneration and social security | 454/9 | €1,031,707 | €1,068,281 | +€36,574 | +3.5% |
| Other amounts payable | 47/48 | €271,585 | - | -€271,585 | |
| Accrued charges and deferred income | 492/3 | €242,614 | €388,908 | +€146,294 | +60.3% |
| Operating income | 70/76A | €13,193,126 | €16,143,322 | +€3.0m | +22.4% |
| Turnover | 70 | €12,782,656 | €15,462,138 | +€2.7m | +21.0% |
| Other operating income | 74 | €410,470 | €681,184 | +€270,714 | +66.0% |
| Operating charges | 60/66A | €13,999,391 | €18,585,796 | +€4.6m | +32.8% |
| Goods for resale, raw materials and consumables | 60 | €4,360,237 | €5,430,724 | +€1.1m | +24.6% |
| Purchases | 600/8 | €4,392,571 | €5,553,604 | +€1.2m | +26.4% |
| Change in stocks: decrease (increase) | 609 | -€32,334 | -€122,880 | -€90,546 | -280.0% |
| Services and other goods | 61 | €2,745,706 | €4,440,218 | +€1.7m | +61.7% |
| Remuneration, social security and pensions | 62 | €6,666,485 | €7,942,586 | +€1.3m | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,759 | €268,288 | +€52,529 | +24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,072 | -€288 | +€11,784 | +97.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€42,145 | - | +€42,145 | |
| Other operating charges | 640/8 | €65,421 | €483,389 | +€417,968 | +638.9% |
| Non-recurring operating charges | 66A | - | €20,879 | +€20,879 | |
| Operating profit (loss) | 9901 | -€806,265 | -€2,442,474 | -€1.6m | -202.9% |
| Financial income | 75/76B | €3,463 | €4,208 | +€745 | +21.5% |
| Recurring financial income | 75 | €3,463 | €4,208 | +€745 | +21.5% |
| Income from financial fixed assets | 750 | €3,427 | - | -€3,427 | |
| Other financial income | 752/9 | €36 | €4,208 | +€4,172 | +11588.9% |
| Financial charges | 65/66B | €69,722 | €221,454 | +€151,732 | +217.6% |
| Recurring financial charges | 65 | €69,722 | €221,454 | +€151,732 | +217.6% |
| Debt charges | 650 | €17,654 | €221,454 | +€203,800 | +1154.4% |
| Other financial charges | 652/9 | €52,068 | - | -€52,068 | |
| Profit (loss) for the period before taxes | 9903 | -€872,524 | -€2,659,720 | -€1.8m | -204.8% |
| Income taxes | 67/77 | €39,726 | €5,077 | -€34,649 | -87.2% |
| Taxes | 670/3 | €39,726 | €5,077 | -€34,649 | -87.2% |
| Profit (loss) for the period | 9904 | -€912,250 | -€2,664,797 | -€1.8m | -192.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€912,250 | -€2,664,797 | -€1.8m | -192.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.