SENELTEC: 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.
SENELTEC
Largest movements
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€134,576
up €134,576 (+118.6%), from €113,447 to €248,023
mainly Current investments (+€200,000) and Other debts (+€91,721)
- Profit (loss) carried forward -€157,014
down €157,014 (-100.0%), from €157,014 to €0
- Other debts +€91,721
up €91,721 (+140.5%), from €65,293 to €157,014
- Gross operating margin -€17,157
down €17,157 (-63.6%), from €26,978 to €9,822
- Taxes -€5,468
down €5,468 (-59.3%), from €9,215 to €3,747
- Financial charges +€1,406
up €1,406 (+65.8%), from €2,136 to €3,542
- Financial income +€522
up €522 (+8.2%), from €6,400 to €6,922
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 | €732,096 | €671,739 | -€60,357 | -8.2% |
| Fixed assets | 21/28 | €403,935 | €402,305 | -€1,630 | -0.4% |
| Tangible fixed assets | 22/27 | €3,935 | €2,305 | -€1,630 | -41.4% |
| Plant, machinery and equipment | 23 | €469 | €130 | -€339 | -72.3% |
| Furniture and vehicles | 24 | €3,465 | €2,175 | -€1,291 | -37.2% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €328,162 | €269,434 | -€58,728 | -17.9% |
| Amounts receivable within one year | 40/41 | €12,875 | €19,585 | +€6,710 | +52.1% |
| Trade receivables | 40 | €10,170 | €10,170 | = | 0.0% |
| Other amounts receivable | 41 | €2,705 | €9,415 | +€6,710 | +248.1% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €113,447 | €248,023 | +€134,576 | +118.6% |
| Deferred charges and accrued income | 490/1 | €1,840 | €1,826 | -€14 | -0.7% |
| Total equity and liabilities | 10/49 | €732,096 | €671,739 | -€60,357 | -8.2% |
| Equity | 10/15 | €662,875 | €512,049 | -€150,826 | -22.8% |
| Contributions | 10/11 | €94,300 | €94,300 | = | 0.0% |
| Capital | 10 | €94,300 | €94,300 | = | 0.0% |
| Issued capital | 100 | €94,300 | €94,300 | = | 0.0% |
| Reserves | 13 | €411,561 | €417,749 | +€6,189 | +1.5% |
| Non-distributable reserves | 130/1 | €9,430 | €9,430 | = | 0.0% |
| Legal reserve | 130 | €9,430 | €9,430 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €397,131 | €403,319 | +€6,189 | +1.6% |
| Profit (loss) carried forward | 14 | €157,014 | €0 | -€157,014 | -100.0% |
| Amounts payable | 17/49 | €69,221 | €159,690 | +€90,469 | +130.7% |
| Amounts payable within one year | 42/48 | €69,221 | €159,690 | +€90,469 | +130.7% |
| Trade debts | 44 | €1,204 | €957 | -€247 | -20.5% |
| Suppliers | 440/4 | €1,204 | €957 | -€247 | -20.5% |
| Taxes, remuneration and social security | 45 | €2,724 | €1,719 | -€1,006 | -36.9% |
| Taxes | 450/3 | €2,724 | €1,719 | -€1,006 | -36.9% |
| Other amounts payable | 47/48 | €65,293 | €157,014 | +€91,721 | +140.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €1,630 | -€257 | -13.6% |
| Other operating charges | 640/8 | €1,560 | €1,637 | +€77 | +4.9% |
| Gross operating margin | 9900 | €26,978 | €9,822 | -€17,157 | -63.6% |
| Operating profit (loss) | 9901 | €23,532 | €6,555 | -€16,977 | -72.1% |
| Financial income | 75/76B | €6,400 | €6,922 | +€522 | +8.2% |
| Recurring financial income | 75 | €6,400 | €6,922 | +€522 | +8.2% |
| Financial charges | 65/66B | €2,136 | €3,542 | +€1,406 | +65.8% |
| Recurring financial charges | 65 | €2,136 | €3,542 | +€1,406 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €27,796 | €9,936 | -€17,860 | -64.3% |
| Income taxes | 67/77 | €9,215 | €3,747 | -€5,468 | -59.3% |
| Profit (loss) for the period | 9904 | €18,581 | €6,189 | -€12,392 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,581 | €6,189 | -€12,392 | -66.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.