SENECHAL INVEST: 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.
SENECHAL INVEST
Largest movements
- Tangible fixed assets +€63,385
up €63,385 (+4.9%), from €1.3m to €1.3m
of which Other tangible fixed assets: +€96,977
- Other debts +€154,470
up €154,470 (+52.4%), from €295,028 to €449,497
- Profit (loss) carried forward -€93,603
down €93,603 (-28.5%), from -€328,295 to -€421,898
- Financial charges -€31,204
down €31,204 (-35.8%), from €87,077 to €55,873
- Gross operating margin -€5,550
down €5,550 (-50.0%), from €11,090 to €5,540
- Depreciation +€1,363
up €1,363 (+3.8%), from €35,422 to €36,785
- Other operating charges -€1,098
down €1,098 (-13.1%), from €8,392 to €7,294
- Financial income +€809
new in 2025: €809
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,290,666 | €1,349,326 | +€58,660 | +4.5% |
| Fixed assets | 21/28 | €1,281,956 | €1,345,341 | +€63,385 | +4.9% |
| Tangible fixed assets | 22/27 | €1,281,956 | €1,345,341 | +€63,385 | +4.9% |
| Land and buildings | 22 | €1,268,717 | €1,235,125 | -€33,591 | -2.6% |
| Other tangible fixed assets | 26 | €13,239 | €110,216 | +€96,977 | +732% |
| Current assets | 29/58 | €8,711 | €3,985 | -€4,725 | -54.2% |
| Amounts receivable within one year | 40/41 | €8,711 | €3,985 | -€4,725 | -54.2% |
| Trade receivables | 40 | €5,218 | - | -€5,218 | |
| Other amounts receivable | 41 | €3,492 | €3,985 | +€493 | +14.1% |
| Total equity and liabilities | 10/49 | €1,290,666 | €1,349,326 | +€58,660 | +4.5% |
| Equity | 10/15 | -€228,295 | -€321,898 | -€93,603 | -41.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€328,295 | -€421,898 | -€93,603 | -28.5% |
| Amounts payable | 17/49 | €1,518,962 | €1,671,225 | +€152,263 | +10.0% |
| Amounts payable within one year | 42/48 | €1,518,226 | €1,670,459 | +€152,233 | +10.0% |
| Financial debts | 43 | €1,211,714 | €1,213,009 | +€1,295 | +0.1% |
| Credit institutions | 430/8 | €1,206,000 | €1,206,000 | = | 0.0% |
| Other loans | 439 | €5,714 | €7,009 | +€1,295 | +22.7% |
| Trade debts | 44 | €11,484 | €7,953 | -€3,532 | -30.8% |
| Suppliers | 440/4 | €11,484 | €7,953 | -€3,532 | -30.8% |
| Other amounts payable | 47/48 | €295,028 | €449,497 | +€154,470 | +52.4% |
| Accrued charges and deferred income | 492/3 | €736 | €766 | +€30 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,422 | €36,785 | +€1,363 | +3.8% |
| Other operating charges | 640/8 | €8,392 | €7,294 | -€1,098 | -13.1% |
| Gross operating margin | 9900 | €11,090 | €5,540 | -€5,550 | -50.0% |
| Operating profit (loss) | 9901 | -€32,724 | -€38,539 | -€5,815 | -17.8% |
| Financial income | 75/76B | - | €809 | +€809 | |
| Recurring financial income | 75 | - | €809 | +€809 | |
| Financial charges | 65/66B | €87,077 | €55,873 | -€31,204 | -35.8% |
| Recurring financial charges | 65 | €87,077 | €55,873 | -€31,204 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€119,801 | -€93,603 | +€26,198 | +21.9% |
| Profit (loss) for the period | 9904 | -€119,801 | -€93,603 | +€26,198 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,801 | -€93,603 | +€26,198 | +21.9% |
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 20 October 2026 via checked.be.