SENECA MANAGEMENT SERVICES: 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.
What changed
SENECA MANAGEMENT SERVICES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,768
2024 · €98,312-€19,544
Equity
€230,945
2024 · €192,177+€38,768
Cash
€33,861
2024 · €35,734-€1,872
Balance sheet total
€720,439
2024 · €727,182-€6,743
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€99,561
down €99,561 (-26.1%), from €381,658 to €282,097
of which Other amounts payable: -€71,489
- Other debts +€40,000
new in 2025: €40,000
- Reserves +€33,915
up €33,915 (+17.8%), from €190,831 to €224,745
of which Distributable reserves: +€40,214
- Tax, wage and social debts +€18,653
up €18,653 (+160%), from €11,645 to €30,297
of which Remuneration and social security: +€15,000
Income statement
- Gross operating margin -€17,858
down €17,858 (-13.9%), from €128,857 to €110,999
- Taxes +€3,164
up €3,164 (+163%), from €1,936 to €5,100
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.
Result 2024
€98,312
Gross operating margin
-€17,858
Depreciation
-€210
Other operating charges
+€1,079
Financial charges
+€609
Taxes
-€3,164
Result 2025
€78,768
raises the resultlowers the result
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.
From operations
+€157,419
Investment
-€17,427
Financing
-€141,865
Cash 2024
€35,734
From operations (derived)
+€157,419
Net result for the year
+€78,768
Depreciation
+€23,570
Smaller working-capital items
-€345
Deferred charges and accrued income
-€1,126
Provisions
-€2,100
Tax, wage and social debts
+€18,653
Other debts
+€40,000
Investment (derived)
-€17,427
Investment in fixed assets (net)
-€17,427
Financing
-€141,865
Debts after one year
-€99,561
Current portion of long-term debt
-€2,304
Contributions, distributions and other
-€40,000
Cash 2025
€33,861
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,182 | €720,439 | -€6,743 | -0.9% |
| Fixed assets | 21/28 | €687,306 | €681,163 | -€6,143 | -0.9% |
| Tangible fixed assets | 22/27 | €687,306 | €681,163 | -€6,143 | -0.9% |
| Land and buildings | 22 | €672,505 | €652,052 | -€20,453 | -3.0% |
| Plant, machinery and equipment | 23 | €12,613 | €21,714 | +€9,101 | +72.2% |
| Furniture and vehicles | 24 | €2,188 | €1,507 | -€681 | -31.1% |
| Other tangible fixed assets | 26 | - | €5,889 | +€5,889 | |
| Current assets | 29/58 | €39,876 | €39,276 | -€600 | -1.5% |
| Amounts receivable within one year | 40/41 | €3,162 | €3,309 | +€147 | +4.6% |
| Trade receivables | 40 | €1,616 | €1,243 | -€373 | -23.1% |
| Other amounts receivable | 41 | €1,547 | €2,066 | +€519 | +33.6% |
| Cash at bank and in hand | 54/58 | €35,734 | €33,861 | -€1,872 | -5.2% |
| Deferred charges and accrued income | 490/1 | €980 | €2,106 | +€1,126 | +115% |
| Total equity and liabilities | 10/49 | €727,182 | €720,439 | -€6,743 | -0.9% |
| Equity | 10/15 | €192,177 | €230,945 | +€38,768 | +20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,831 | €224,745 | +€33,915 | +17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,971 | €182,672 | -€6,299 | -3.3% |
| Distributable reserves | 133 | - | €40,214 | +€40,214 | |
| Profit (loss) carried forward | 14 | -€4,853 | - | +€4,853 | |
| Provisions and deferred taxes | 16 | €107,850 | €105,751 | -€2,100 | -1.9% |
| Provisions for liabilities and charges | 160/5 | €44,860 | €44,860 | = | 0.0% |
| Other liabilities and charges | 164/5 | €44,860 | €44,860 | = | 0.0% |
| Deferred taxes | 168 | €62,990 | €60,891 | -€2,100 | -3.3% |
| Amounts payable | 17/49 | €427,154 | €383,743 | -€43,411 | -10.2% |
| Amounts payable after more than one year | 17 | €381,658 | €282,097 | -€99,561 | -26.1% |
| Financial debts | 170/4 | €87,014 | €58,941 | -€28,072 | -32.3% |
| Other amounts payable | 178/9 | €294,644 | €223,156 | -€71,489 | -24.3% |
| Amounts payable within one year | 42/48 | €44,304 | €100,595 | +€56,291 | +127% |
| Current portion of amounts payable after more than one year | 42 | €32,602 | €30,298 | -€2,304 | -7.1% |
| Trade debts | 44 | €58 | - | -€58 | |
| Suppliers | 440/4 | €58 | - | -€58 | |
| Taxes, remuneration and social security | 45 | €11,645 | €30,297 | +€18,653 | +160% |
| Taxes | 450/3 | €11,645 | €15,297 | +€3,653 | +31.4% |
| Remuneration and social security | 454/9 | - | €15,000 | +€15,000 | |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €1,192 | €1,052 | -€141 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,360 | €23,570 | +€210 | +0.9% |
| Other operating charges | 640/8 | €4,690 | €3,612 | -€1,079 | -23.0% |
| Gross operating margin | 9900 | €128,857 | €110,999 | -€17,858 | -13.9% |
| Operating profit (loss) | 9901 | €100,807 | €83,818 | -€16,989 | -16.9% |
| Financial charges | 65/66B | €2,658 | €2,049 | -€609 | -22.9% |
| Recurring financial charges | 65 | €2,658 | €2,049 | -€609 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €98,149 | €81,768 | -€16,380 | -16.7% |
| Transfer from deferred taxes | 780 | €2,100 | €2,100 | = | 0.0% |
| Income taxes | 67/77 | €1,936 | €5,100 | +€3,164 | +163% |
| Profit (loss) for the period | 9904 | €98,312 | €78,768 | -€19,544 | -19.9% |
| Transfer from tax-exempt reserves | 789 | €6,299 | €6,299 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,611 | €85,067 | -€19,544 | -18.7% |
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 16 October 2026 via checked.be.