Senes Construct: 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.
Senes Construct
Largest movements
- Cash -€124,257
down €124,257 (-29.1%), from €426,543 to €302,287
mainly Net result for the year (-€99,334) and Trade debts (-€61,764)
- Profit (loss) carried forward -€99,334
down €99,334 (-12.7%), from -€782,907 to -€882,242
- Trade debts -€61,764
down €61,764 (-31.4%), from €196,991 to €135,227
- Accrued charges and deferred income +€37,310
up €37,310 (+13.5%), from €276,460 to €313,770
- Gross operating margin -€128,370
down €128,370, from €68,091 to -€60,279
- Purchases and services +€36,573
up €36,573 (+129.1%), from €28,340 to €64,913
- Financial income -€5,574
down €5,574 (-100.0%), from €5,574 to €0
- Financial charges -€4,837
down €4,837 (-11.3%), from €42,893 to €38,056
- Taxes +€1,895
up €1,895, from -€1,895 to €0
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 | €454,544 | €330,756 | -€123,788 | -27.2% |
| Fixed assets | 21/28 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €450,544 | €326,756 | -€123,788 | -27.5% |
| Amounts receivable within one year | 40/41 | €24,001 | €24,469 | +€468 | +2.0% |
| Trade receivables | 40 | €16,895 | €20,131 | +€3,236 | +19.2% |
| Other amounts receivable | 41 | €7,105 | €4,338 | -€2,767 | -38.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €426,543 | €302,287 | -€124,257 | -29.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €454,544 | €330,756 | -€123,788 | -27.2% |
| Equity | 10/15 | -€592,907 | -€692,242 | -€99,334 | -16.8% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€782,907 | -€882,242 | -€99,334 | -12.7% |
| Amounts payable | 17/49 | €1,047,452 | €1,022,998 | -€24,454 | -2.3% |
| Amounts payable within one year | 42/48 | €770,991 | €709,227 | -€61,764 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €574,000 | €574,000 | = | 0.0% |
| Trade debts | 44 | €196,991 | €135,227 | -€61,764 | -31.4% |
| Suppliers | 440/4 | €196,991 | €135,227 | -€61,764 | -31.4% |
| Accrued charges and deferred income | 492/3 | €276,460 | €313,770 | +€37,310 | +13.5% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,340 | €64,913 | +€36,573 | +129.1% |
| Other operating charges | 640/8 | €1,094 | €998 | -€95 | -8.7% |
| Gross operating margin | 9900 | €68,091 | -€60,279 | -€128,370 | |
| Operating profit (loss) | 9901 | €66,997 | -€61,278 | -€128,275 | |
| Financial income | 75/76B | €5,574 | €0 | -€5,574 | -100.0% |
| Recurring financial income | 75 | €5,574 | €0 | -€5,574 | -100.0% |
| Financial charges | 65/66B | €42,893 | €38,056 | -€4,837 | -11.3% |
| Recurring financial charges | 65 | €42,893 | €38,056 | -€4,837 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €29,678 | -€99,334 | -€129,012 | |
| Income taxes | 67/77 | -€1,895 | €0 | +€1,895 | |
| Profit (loss) for the period | 9904 | €31,573 | -€99,334 | -€130,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,573 | -€99,334 | -€130,907 |
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 9 October 2026 via checked.be.