SENGA: 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.
SENGA
Largest movements
- Tangible fixed assets -€50,712
down €50,712 (-4.3%), from €1.2m to €1.1m
of which Land and buildings: -€41,922
- Receivables within one year -€14,955
down €14,955 (-82.6%), from €18,106 to €3,151
of which Trade receivables: -€14,916
- Profit (loss) carried forward +€50,796
up €50,796 (+53.1%), from €95,657 to €146,453
- Current portion of long-term debt -€44,216
down €44,216 (-93.4%), from €47,341 to €3,125
- Other debts -€33,584
down €33,584 (-4.2%), from €797,205 to €763,621
- Reserves -€33,036
down €33,036 (-27.1%), from €121,797 to €88,761
of which Tax-exempt reserves: -€29,096
- Provisions -€14,982
down €14,982 (-24.7%), from €60,687 to €45,705
- Gross operating margin +€19,736
up €19,736 (+21.3%), from €92,503 to €112,239
- Depreciation -€9,392
down €9,392 (-10.8%), from €87,160 to €77,768
- Taxes +€8,124
up €8,124 (+78.2%), from €10,391 to €18,515
- Financial charges -€3,287
down €3,287 (-76.7%), from €4,289 to €1,001
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 | €1,193,616 | €1,129,370 | -€64,246 | -5.4% |
| Fixed assets | 21/28 | €1,166,043 | €1,115,330 | -€50,712 | -4.3% |
| Tangible fixed assets | 22/27 | €1,166,043 | €1,115,330 | -€50,712 | -4.3% |
| Land and buildings | 22 | €1,132,692 | €1,090,770 | -€41,922 | -3.7% |
| Plant, machinery and equipment | 23 | €3,029 | €2,205 | -€824 | -27.2% |
| Furniture and vehicles | 24 | €30,321 | €22,355 | -€7,967 | -26.3% |
| Current assets | 29/58 | €27,574 | €14,040 | -€13,534 | -49.1% |
| Amounts receivable within one year | 40/41 | €18,106 | €3,151 | -€14,955 | -82.6% |
| Trade receivables | 40 | €15,965 | €1,049 | -€14,916 | -93.4% |
| Other amounts receivable | 41 | €2,141 | €2,102 | -€39 | -1.8% |
| Current investments | 50/53 | €2,050 | €8,125 | +€6,075 | +296.3% |
| Cash at bank and in hand | 54/58 | €4,615 | €303 | -€4,312 | -93.4% |
| Deferred charges and accrued income | 490/1 | €2,802 | €2,461 | -€341 | -12.2% |
| Total equity and liabilities | 10/49 | €1,193,616 | €1,129,370 | -€64,246 | -5.4% |
| Equity | 10/15 | €279,454 | €301,154 | +€21,700 | +7.8% |
| Contributions | 10/11 | €62,000 | €65,940 | +€3,940 | +6.4% |
| Reserves | 13 | €121,797 | €88,761 | -€33,036 | -27.1% |
| Non-distributable reserves | 130/1 | €3,940 | - | -€3,940 | |
| Reserves not available under the articles | 1311 | €3,940 | - | -€3,940 | |
| Tax-exempt reserves | 132 | €117,857 | €88,761 | -€29,096 | -24.7% |
| Profit (loss) carried forward | 14 | €95,657 | €146,453 | +€50,796 | +53.1% |
| Provisions and deferred taxes | 16 | €60,687 | €45,705 | -€14,982 | -24.7% |
| Deferred taxes | 168 | €60,687 | €45,705 | -€14,982 | -24.7% |
| Amounts payable | 17/49 | €853,476 | €782,511 | -€70,964 | -8.3% |
| Amounts payable within one year | 42/48 | €852,608 | €781,972 | -€70,636 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €47,341 | €3,125 | -€44,216 | -93.4% |
| Trade debts | 44 | €1,633 | €606 | -€1,027 | -62.9% |
| Suppliers | 440/4 | €1,633 | €606 | -€1,027 | -62.9% |
| Taxes, remuneration and social security | 45 | €6,428 | €14,621 | +€8,192 | +127.4% |
| Taxes | 450/3 | €6,428 | €14,621 | +€8,192 | +127.4% |
| Other amounts payable | 47/48 | €797,205 | €763,621 | -€33,584 | -4.2% |
| Accrued charges and deferred income | 492/3 | €868 | €539 | -€329 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,160 | €77,768 | -€9,392 | -10.8% |
| Other operating charges | 640/8 | €7,831 | €8,246 | +€416 | +5.3% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €92,503 | €112,239 | +€19,736 | +21.3% |
| Operating profit (loss) | 9901 | -€2,988 | €26,225 | +€29,213 | |
| Financial income | 75/76B | €5 | €9 | +€4 | +76.4% |
| Recurring financial income | 75 | €5 | €9 | +€4 | +76.4% |
| Financial charges | 65/66B | €4,289 | €1,001 | -€3,287 | -76.7% |
| Recurring financial charges | 65 | €4,289 | €1,001 | -€3,287 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,271 | €25,233 | +€32,504 | |
| Transfer from deferred taxes | 780 | €14,982 | €14,982 | = | 0.0% |
| Income taxes | 67/77 | €10,391 | €18,515 | +€8,124 | +78.2% |
| Profit (loss) for the period | 9904 | -€2,681 | €21,700 | +€24,381 | |
| Transfer from tax-exempt reserves | 789 | €29,096 | €29,096 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,415 | €50,796 | +€24,381 | +92.3% |
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 29 September 2026 via checked.be.