SENECON: 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.
SENECON
Largest movements
- Receivables within one year -€334,901
down €334,901 (-58.9%), from €568,615 to €233,714
of which Other amounts receivable: -€324,470
- Financial fixed assets -€321,102
down €321,102 (-7.5%), from €4.3m to €3.9m
- Current investments +€285,746
up €285,746 (+13.9%), from €2.1m to €2.3m
- Reserves -€781,811
down €781,811 (-18.7%), from €4.2m to €3.4m
- Short-term financial debts +€349,153
up €349,153 (+12.5%), from €2.8m to €3.1m
- Financial income -€296,247
down €296,247 (-58.7%), from €504,660 to €208,412
of which Non-recurring financial income: -€377,433
- Financial charges -€54,183
down €54,183 (-38.0%), from €142,720 to €88,537
- Gross operating margin +€33,448
up €33,448 (+1946.2%), from €1,719 to €35,167
- Taxes -€18,492
down €18,492 (-59.9%), from €30,890 to €12,398
- Other operating charges -€3,689
down €3,689 (-58.2%), from €6,335 to €2,647
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.
Cash bridge derived
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 | €6,979,496 | €6,643,492 | -€336,005 | -4.8% |
| Fixed assets | 21/28 | €4,316,838 | €4,037,619 | -€279,219 | -6.5% |
| Tangible fixed assets | 22/27 | €48,547 | €90,430 | +€41,883 | +86.3% |
| Plant, machinery and equipment | 23 | €454 | - | -€454 | |
| Furniture and vehicles | 24 | €17,736 | €929 | -€16,806 | -94.8% |
| Leasing and similar rights | 25 | - | €63,398 | +€63,398 | |
| Other tangible fixed assets | 26 | €30,358 | €26,103 | -€4,254 | -14.0% |
| Financial fixed assets | 28 | €4,268,291 | €3,947,189 | -€321,102 | -7.5% |
| Current assets | 29/58 | €2,662,658 | €2,605,872 | -€56,786 | -2.1% |
| Amounts receivable within one year | 40/41 | €568,615 | €233,714 | -€334,901 | -58.9% |
| Trade receivables | 40 | €27,290 | €16,860 | -€10,430 | -38.2% |
| Other amounts receivable | 41 | €541,325 | €216,854 | -€324,470 | -59.9% |
| Current investments | 50/53 | €2,058,897 | €2,344,643 | +€285,746 | +13.9% |
| Cash at bank and in hand | 54/58 | €26,030 | €17,684 | -€8,346 | -32.1% |
| Deferred charges and accrued income | 490/1 | €9,116 | €9,832 | +€716 | +7.8% |
| Total equity and liabilities | 10/49 | €6,979,496 | €6,643,492 | -€336,005 | -4.8% |
| Equity | 10/15 | €4,171,130 | €3,389,319 | -€781,811 | -18.7% |
| Reserves | 13 | €4,171,130 | €3,389,319 | -€781,811 | -18.7% |
| Distributable reserves | 133 | €4,171,130 | €3,389,319 | -€781,811 | -18.7% |
| Amounts payable | 17/49 | €2,808,366 | €3,254,173 | +€445,807 | +15.9% |
| Amounts payable after more than one year | 17 | - | €51,177 | +€51,177 | |
| Financial debts | 170/4 | - | €51,177 | +€51,177 | |
| Amounts payable within one year | 42/48 | €2,808,366 | €3,202,996 | +€394,630 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,565 | +€11,565 | |
| Financial debts | 43 | €2,789,752 | €3,138,905 | +€349,153 | +12.5% |
| Credit institutions | 430/8 | €2,789,752 | €3,138,905 | +€349,153 | +12.5% |
| Trade debts | 44 | €1,314 | €2,669 | +€1,355 | +103.1% |
| Suppliers | 440/4 | €1,314 | €2,669 | +€1,355 | +103.1% |
| Taxes, remuneration and social security | 45 | €17,299 | €26,721 | +€9,422 | +54.5% |
| Taxes | 450/3 | €17,299 | €26,607 | +€9,308 | +53.8% |
| Remuneration and social security | 454/9 | - | €114 | +€114 | |
| Other amounts payable | 47/48 | - | €23,135 | +€23,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,624 | €21,808 | -€1,816 | -7.7% |
| Other operating charges | 640/8 | €6,335 | €2,647 | -€3,689 | -58.2% |
| Gross operating margin | 9900 | €1,719 | €35,167 | +€33,448 | +1946.2% |
| Operating profit (loss) | 9901 | -€28,241 | €10,712 | +€38,953 | |
| Financial income | 75/76B | €504,660 | €208,412 | -€296,247 | -58.7% |
| Recurring financial income | 75 | €104,889 | €186,075 | +€81,186 | +77.4% |
| Non-recurring financial income | 76B | €399,771 | €22,338 | -€377,433 | -94.4% |
| Financial charges | 65/66B | €142,720 | €88,537 | -€54,183 | -38.0% |
| Recurring financial charges | 65 | €142,720 | €88,537 | -€54,183 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €333,699 | €130,587 | -€203,112 | -60.9% |
| Income taxes | 67/77 | €30,890 | €12,398 | -€18,492 | -59.9% |
| Profit (loss) for the period | 9904 | €302,808 | €118,189 | -€184,620 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €302,808 | €118,189 | -€184,620 | -61.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.