SENECA BJORN: 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.
SENECA BJORN
Largest movements
- Deferred charges and accrued income +€139,041
up €139,041 (+317%), from €43,902 to €182,943
- Receivables within one year +€20,981
up €20,981 (+62.0%), from €33,820 to €54,801
of which Other amounts receivable: +€26,052
- Reserves +€223,861
up €223,861 (+19.9%), from €1.1m to €1.3m
of which Distributable reserves: +€221,987
- Other debts -€65,529
down €65,529 (-9.9%), from €659,100 to €593,570
- Financial income +€24,559
up €24,559 (+16.4%), from €150,052 to €174,611
of which Financial income: +€24,611
- Financial charges -€8,359
down €8,359 (-20.1%), from €41,640 to €33,282
- Taxes +€8,241
up €8,241 (+21.5%), from €38,382 to €46,622
- Gross operating margin +€8,164
up €8,164 (+6.7%), from €122,080 to €130,244
- Depreciation -€1,884
down €1,884 (-63.3%), from €2,974 to €1,090
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 | €1,845,186 | €2,004,266 | +€159,080 | +8.6% |
| Fixed assets | 21/28 | €1,754,907 | €1,746,515 | -€8,392 | -0.5% |
| Tangible fixed assets | 22/27 | €12,684 | €4,293 | -€8,392 | -66.2% |
| Plant, machinery and equipment | 23 | - | €1,628 | +€1,628 | |
| Furniture and vehicles | 24 | €12,684 | €2,664 | -€10,020 | -79.0% |
| Financial fixed assets | 28 | €1,742,222 | €1,742,222 | = | 0.0% |
| Current assets | 29/58 | €90,280 | €257,751 | +€167,472 | +186% |
| Amounts receivable within one year | 40/41 | €33,820 | €54,801 | +€20,981 | +62.0% |
| Trade receivables | 40 | €33,820 | €28,749 | -€5,071 | -15.0% |
| Other amounts receivable | 41 | - | €26,052 | +€26,052 | |
| Cash at bank and in hand | 54/58 | €12,557 | €20,006 | +€7,449 | +59.3% |
| Deferred charges and accrued income | 490/1 | €43,902 | €182,943 | +€139,041 | +317% |
| Total equity and liabilities | 10/49 | €1,845,186 | €2,004,266 | +€159,080 | +8.6% |
| Equity | 10/15 | €1,137,210 | €1,361,071 | +€223,861 | +19.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,124,810 | €1,348,671 | +€223,861 | +19.9% |
| Non-distributable reserves | 130/1 | - | €1,874 | +€1,874 | |
| Reserves not available under the articles | 1311 | - | €1,874 | +€1,874 | |
| Distributable reserves | 133 | €1,124,810 | €1,346,797 | +€221,987 | +19.7% |
| Amounts payable | 17/49 | €707,976 | €643,196 | -€64,781 | -9.2% |
| Amounts payable within one year | 42/48 | €707,976 | €643,196 | -€64,781 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €829 | €0 | -€829 | -100% |
| Financial debts | 43 | €12,803 | €11,912 | -€891 | -7.0% |
| Credit institutions | 430/8 | €12,803 | €11,912 | -€891 | -7.0% |
| Trade debts | 44 | €11,403 | €11,522 | +€119 | +1.0% |
| Suppliers | 440/4 | €11,403 | €11,522 | +€119 | +1.0% |
| Taxes, remuneration and social security | 45 | €23,842 | €26,191 | +€2,349 | +9.9% |
| Taxes | 450/3 | €23,842 | €26,191 | +€2,349 | +9.9% |
| Other amounts payable | 47/48 | €659,100 | €593,570 | -€65,529 | -9.9% |
| Non-recurring operating income | 76A | - | €14,704 | +€14,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €1,090 | -€1,884 | -63.3% |
| Other operating charges | 640/8 | €49 | €0 | -€49 | -100% |
| Gross operating margin | 9900 | €122,080 | €130,244 | +€8,164 | +6.7% |
| Operating profit (loss) | 9901 | €119,056 | €129,154 | +€10,097 | +8.5% |
| Financial income | 75/76B | €150,052 | €174,611 | +€24,559 | +16.4% |
| Recurring financial income | 75 | €150,000 | €174,611 | +€24,611 | +16.4% |
| Non-recurring financial income | 76B | €52 | €0 | -€52 | -100% |
| Financial charges | 65/66B | €41,640 | €33,282 | -€8,359 | -20.1% |
| Recurring financial charges | 65 | €41,640 | €33,282 | -€8,359 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €227,468 | €270,483 | +€43,015 | +18.9% |
| Income taxes | 67/77 | €38,382 | €46,622 | +€8,241 | +21.5% |
| Profit (loss) for the period | 9904 | €189,086 | €223,861 | +€34,774 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €189,086 | €223,861 | +€34,774 | +18.4% |
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 28 October 2026 via checked.be.