SENFINA GROUP: 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.
SENFINA GROUP
Largest movements
- Tangible fixed assets +€314,074
up €314,074 (+133%), from €235,635 to €549,709
- Cash -€78,337
down €78,337 (-97.9%), from €80,033 to €1,696
mainly Investment in fixed assets (net) (-€330,260) and Net result for the year (-€63,145)
- Debts after one year +€217,903
up €217,903 (+99.8%), from €218,350 to €436,253
- Profit (loss) carried forward -€63,145
down €63,145, from €2,693 to -€60,452
- Other debts +€45,698
up €45,698 (+49.3%), from €92,687 to €138,385
- Trade debts +€16,905
up €16,905 (+430%), from €3,928 to €20,833
- Current portion of long-term debt +€14,141
new in 2025: €14,141
- Gross operating margin -€44,152
down €44,152, from €13,486 to -€30,665
- Financial charges +€15,419
up €15,419 (+17,370%), from €89 to €15,508
- Depreciation +€7,983
up €7,983 (+121%), from €6,583 to €14,566
- Other operating charges +€2,045
up €2,045 (+568%), from €360 to €2,406
- Taxes -€335
no longer reported in 2025 (was €335)
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 | €336,583 | €568,776 | +€232,193 | +69.0% |
| Fixed assets | 21/28 | €235,635 | €551,329 | +€315,694 | +134% |
| Tangible fixed assets | 22/27 | €235,635 | €549,709 | +€314,074 | +133% |
| Land and buildings | 22 | €235,635 | €549,709 | +€314,074 | +133% |
| Financial fixed assets | 28 | - | €1,620 | +€1,620 | |
| Current assets | 29/58 | €100,948 | €17,447 | -€83,501 | -82.7% |
| Amounts receivable within one year | 40/41 | €18,228 | €15,695 | -€2,533 | -13.9% |
| Trade receivables | 40 | €15,695 | €15,695 | = | 0.0% |
| Other amounts receivable | 41 | €2,533 | - | -€2,533 | |
| Cash at bank and in hand | 54/58 | €80,033 | €1,696 | -€78,337 | -97.9% |
| Deferred charges and accrued income | 490/1 | €2,687 | €55 | -€2,631 | -97.9% |
| Total equity and liabilities | 10/49 | €336,583 | €568,776 | +€232,193 | +69.0% |
| Equity | 10/15 | €21,207 | -€41,938 | -€63,145 | |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | €8,014 | €8,014 | = | 0.0% |
| Distributable reserves | 133 | €8,014 | €8,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,693 | -€60,452 | -€63,145 | |
| Amounts payable | 17/49 | €315,376 | €610,714 | +€295,338 | +93.6% |
| Amounts payable after more than one year | 17 | €218,350 | €436,253 | +€217,903 | +99.8% |
| Financial debts | 170/4 | €218,350 | €436,253 | +€217,903 | +99.8% |
| Amounts payable within one year | 42/48 | €97,026 | €174,461 | +€77,434 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,141 | +€14,141 | |
| Trade debts | 44 | €3,928 | €20,833 | +€16,905 | +430% |
| Suppliers | 440/4 | €3,928 | €20,833 | +€16,905 | +430% |
| Taxes, remuneration and social security | 45 | €412 | €1,101 | +€690 | +167% |
| Taxes | 450/3 | €412 | €1,101 | +€690 | +167% |
| Other amounts payable | 47/48 | €92,687 | €138,385 | +€45,698 | +49.3% |
| Non-recurring operating income | 76A | €1,954 | - | -€1,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,583 | €14,566 | +€7,983 | +121% |
| Other operating charges | 640/8 | €360 | €2,406 | +€2,045 | +568% |
| Non-recurring operating charges | 66A | €5,113 | - | -€5,113 | |
| Gross operating margin | 9900 | €13,486 | -€30,665 | -€44,152 | |
| Operating profit (loss) | 9901 | €1,430 | -€47,637 | -€49,067 | |
| Financial charges | 65/66B | €89 | €15,508 | +€15,419 | +17,370% |
| Recurring financial charges | 65 | €89 | €15,508 | +€15,419 | +17,370% |
| Profit (loss) for the period before taxes | 9903 | €1,342 | -€63,145 | -€64,486 | |
| Income taxes | 67/77 | €335 | - | -€335 | |
| Profit (loss) for the period | 9904 | €1,006 | -€63,145 | -€64,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,006 | -€63,145 | -€64,151 |
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 20 October 2026 via checked.be.