SENEN: 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.
SENEN
Largest movements
- Cash -€16,571
down €16,571 (-66.6%), from €24,901 to €8,329
mainly Net result for the year (-€19,767) and Other debts (-€5,000)
- Receivables within one year -€10,931
down €10,931 (-74.8%), from €14,604 to €3,673
of which Trade receivables: -€7,413
- Deferred charges and accrued income -€3,469
down €3,469 (-47.8%), from €7,261 to €3,792
- Tangible fixed assets -€1,935
down €1,935 (-35.1%), from €5,512 to €3,576
of which Plant, machinery and equipment: -€978
- Profit (loss) carried forward -€19,767
down €19,767, from €7,006 to -€12,761
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts -€4,581
down €4,581 (-54.2%), from €8,450 to €3,868
- Trade debts -€3,944
down €3,944 (-76.0%), from €5,188 to €1,244
- Gross operating margin -€29,175
down €29,175, from €14,539 to -€14,637
- Taxes -€2,379
down €2,379 (-94.1%), from €2,529 to €150
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 | €52,663 | €19,371 | -€33,292 | -63.2% |
| Fixed assets | 21/28 | €5,512 | €3,576 | -€1,935 | -35.1% |
| Tangible fixed assets | 22/27 | €5,512 | €3,576 | -€1,935 | -35.1% |
| Plant, machinery and equipment | 23 | €1,313 | €335 | -€978 | -74.5% |
| Furniture and vehicles | 24 | €4,198 | €3,242 | -€957 | -22.8% |
| Current assets | 29/58 | €47,152 | €15,795 | -€31,357 | -66.5% |
| Stocks and contracts in progress | 3 | €386 | - | -€386 | |
| Stocks | 30/36 | €386 | - | -€386 | |
| Amounts receivable within one year | 40/41 | €14,604 | €3,673 | -€10,931 | -74.8% |
| Trade receivables | 40 | €8,043 | €630 | -€7,413 | -92.2% |
| Other amounts receivable | 41 | €6,561 | €3,043 | -€3,518 | -53.6% |
| Cash at bank and in hand | 54/58 | €24,901 | €8,329 | -€16,571 | -66.6% |
| Deferred charges and accrued income | 490/1 | €7,261 | €3,792 | -€3,469 | -47.8% |
| Total equity and liabilities | 10/49 | €52,663 | €19,371 | -€33,292 | -63.2% |
| Equity | 10/15 | €34,026 | €14,259 | -€19,767 | -58.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,819 | €20,819 | = | 0.0% |
| Distributable reserves | 133 | €20,819 | €20,819 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,006 | -€12,761 | -€19,767 | |
| Amounts payable | 17/49 | €18,638 | €5,113 | -€13,525 | -72.6% |
| Amounts payable within one year | 42/48 | €18,638 | €5,113 | -€13,525 | -72.6% |
| Trade debts | 44 | €5,188 | €1,244 | -€3,944 | -76.0% |
| Suppliers | 440/4 | €5,188 | €1,244 | -€3,944 | -76.0% |
| Taxes, remuneration and social security | 45 | €8,450 | €3,868 | -€4,581 | -54.2% |
| Taxes | 450/3 | €8,450 | €3,868 | -€4,581 | -54.2% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,165 | €4,047 | -€117 | -2.8% |
| Other operating charges | 640/8 | €581 | €600 | +€19 | +3.3% |
| Gross operating margin | 9900 | €14,539 | -€14,637 | -€29,175 | |
| Operating profit (loss) | 9901 | €9,793 | -€19,395 | -€29,189 | |
| Financial income | 75/76B | €48 | €166 | +€118 | +244.8% |
| Recurring financial income | 75 | €48 | €166 | +€118 | +244.8% |
| Financial charges | 65/66B | €306 | €388 | +€81 | +26.6% |
| Recurring financial charges | 65 | €306 | €388 | +€81 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €9,535 | -€19,617 | -€29,152 | |
| Income taxes | 67/77 | €2,529 | €150 | -€2,379 | -94.1% |
| Profit (loss) for the period | 9904 | €7,006 | -€19,767 | -€26,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,006 | -€19,767 | -€26,773 |
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 5 October 2026 via checked.be.