SENELUC: 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.
SENELUC
Largest movements
- Receivables within one year -€95,077
down €95,077 (-94.3%), from €100,827 to €5,750
- Tangible fixed assets -€46,545
down €46,545 (-5.2%), from €898,639 to €852,094
of which Land and buildings: -€32,449
- Intangible fixed assets -€18,437
down €18,437 (-25.0%), from €73,746 to €55,310
- Debts after one year -€113,596
down €113,596 (-16.7%), from €681,742 to €568,147
of which Financial debts: -€113,596
- Other debts -€79,017
down €79,017 (-42.3%), from €186,643 to €107,626
- Trade debts +€22,286
up €22,286 (+57.3%), from €38,908 to €61,194
- Profit (loss) carried forward +€14,954
new in 2025: €14,954
- Staff costs -€43,872
down €43,872 (-86.8%), from €50,521 to €6,649
- Financial income -€16,440
down €16,440 (-100.0%), from €16,441 to €1
- Gross operating margin -€12,296
down €12,296 (-9.6%), from €128,365 to €116,069
- Taxes +€3,450
up €3,450 (+59.5%), from €5,800 to €9,250
- Financial charges -€1,685
down €1,685 (-8.4%), from €19,978 to €18,293
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 | €1,078,378 | €913,763 | -€164,615 | -15.3% |
| Fixed assets | 21/28 | €972,467 | €907,486 | -€64,981 | -6.7% |
| Intangible fixed assets | 21 | €73,746 | €55,310 | -€18,437 | -25.0% |
| Tangible fixed assets | 22/27 | €898,639 | €852,094 | -€46,545 | -5.2% |
| Land and buildings | 22 | €845,643 | €813,194 | -€32,449 | -3.8% |
| Plant, machinery and equipment | 23 | €2,066 | €1,582 | -€484 | -23.4% |
| Furniture and vehicles | 24 | €1,893 | €1,283 | -€610 | -32.2% |
| Other tangible fixed assets | 26 | €49,038 | €36,036 | -€13,002 | -26.5% |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €105,910 | €6,277 | -€99,633 | -94.1% |
| Amounts receivable within one year | 40/41 | €100,827 | €5,750 | -€95,077 | -94.3% |
| Other amounts receivable | 41 | €100,827 | €5,750 | -€95,077 | -94.3% |
| Cash at bank and in hand | 54/58 | €5,083 | €527 | -€4,556 | -89.6% |
| Total equity and liabilities | 10/49 | €1,078,378 | €913,763 | -€164,615 | -15.3% |
| Equity | 10/15 | €14,931 | €29,885 | +€14,954 | +100% |
| Contributions | 10/11 | €14,931 | €14,931 | = | 0.0% |
| Contributions outside capital | 11 | €14,931 | €14,931 | = | 0.0% |
| Other | 1109/19 | €14,931 | €14,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,954 | +€14,954 | |
| Amounts payable | 17/49 | €1,063,447 | €883,878 | -€179,569 | -16.9% |
| Amounts payable after more than one year | 17 | €681,742 | €568,147 | -€113,596 | -16.7% |
| Financial debts | 170/4 | €673,742 | €560,147 | -€113,596 | -16.9% |
| Other amounts payable | 178/9 | €8,000 | €8,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €379,964 | €315,731 | -€64,233 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €119,515 | €118,675 | -€840 | -0.7% |
| Trade debts | 44 | €38,908 | €61,194 | +€22,286 | +57.3% |
| Suppliers | 440/4 | €38,908 | €61,194 | +€22,286 | +57.3% |
| Taxes, remuneration and social security | 45 | €34,899 | €28,237 | -€6,662 | -19.1% |
| Taxes | 450/3 | €20,906 | €20,906 | = | 0.0% |
| Remuneration and social security | 454/9 | €13,993 | €7,331 | -€6,662 | -47.6% |
| Other amounts payable | 47/48 | €186,643 | €107,626 | -€79,017 | -42.3% |
| Accrued charges and deferred income | 492/3 | €1,740 | - | -€1,740 | |
| Remuneration, social security and pensions | 62 | €50,521 | €6,649 | -€43,872 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,236 | €64,981 | -€254 | -0.4% |
| Other operating charges | 640/8 | €3,610 | €1,942 | -€1,668 | -46.2% |
| Gross operating margin | 9900 | €128,365 | €116,069 | -€12,296 | -9.6% |
| Operating profit (loss) | 9901 | €8,998 | €42,496 | +€33,498 | +372% |
| Financial income | 75/76B | €16,441 | €1 | -€16,440 | -100.0% |
| Recurring financial income | 75 | €16,441 | €1 | -€16,440 | -100.0% |
| Financial charges | 65/66B | €19,978 | €18,293 | -€1,685 | -8.4% |
| Recurring financial charges | 65 | €19,978 | €18,293 | -€1,685 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €5,461 | €24,204 | +€18,743 | +343% |
| Income taxes | 67/77 | €5,800 | €9,250 | +€3,450 | +59.5% |
| Profit (loss) for the period | 9904 | -€339 | €14,954 | +€15,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€339 | €14,954 | +€15,293 |
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 16 October 2026 via checked.be.