SENGO: 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.
What changed
SENGO
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.8m-€128,320
Equity
€1.4m
2024 · €1.2m+€187,220
Cash
€57,986
2024 · €58,315-€329
Balance sheet total
€4.3m
2024 · €4.3m+€29,870
Largest movements
Assets
- Receivables within one year +€190,500
up €190,500 (+16.4%), from €1.2m to €1.3m
of which Other amounts receivable: +€203,967
- Stocks and contracts -€92,931
down €92,931 (-4.9%), from €1.9m to €1.8m
- Tangible fixed assets -€58,657
down €58,657 (-5.1%), from €1.2m to €1.1m
of which Land and buildings: -€35,550
Equity and liabilities
- Reserves +€187,220
up €187,220 (+16.6%), from €1.1m to €1.3m
of which Distributable reserves: +€187,220
- Debts after one year -€106,668
down €106,668 (-16.9%), from €631,099 to €524,431
- Tax, wage and social debts -€54,842
down €54,842 (-30.3%), from €181,264 to €126,422
of which Taxes: -€49,883
Income statement
- Gross operating margin -€115,372
down €115,372 (-3.6%), from €3.2m to €3.1m
- Staff costs +€56,082
up €56,082 (+6.6%), from €854,865 to €910,946
- Taxes -€41,693
down €41,693 (-11.4%), from €364,919 to €323,226
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.
Result 2024
€1.8m
Gross operating margin
-€115,372
Staff costs
-€56,082
Depreciation
+€3,213
Write-downs
-€3,039
Other operating charges
-€1,465
Financial income
+€6,802
Financial charges
-€4,070
Taxes
+€41,693
Result 2025
€1.7m
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.
From operations
+€1.6m
Investment
-€17,865
Financing
-€1.6m
Cash 2024
€58,315
From operations (derived)
+€1.6m
Net result for the year
+€1.7m
Depreciation
+€76,523
Stocks and contracts
+€92,931
Receivables within one year
-€190,500
Deferred charges and accrued income
+€8,714
Smaller working-capital items
+€4,160
Tax, wage and social debts
-€54,842
Investment (derived)
-€17,865
Investment in fixed assets (net)
-€17,865
Financing
-€1.6m
Debts after one year
-€106,668
Contributions, distributions and other
-€1.5m
Cash 2025
€57,986
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,268,207 | €4,298,078 | +€29,870 | +0.7% |
| Fixed assets | 21/28 | €1,160,000 | €1,101,343 | -€58,657 | -5.1% |
| Tangible fixed assets | 22/27 | €1,159,540 | €1,100,883 | -€58,657 | -5.1% |
| Land and buildings | 22 | €1,052,017 | €1,016,467 | -€35,550 | -3.4% |
| Plant, machinery and equipment | 23 | €63,459 | €52,273 | -€11,187 | -17.6% |
| Furniture and vehicles | 24 | €44,064 | €32,143 | -€11,921 | -27.1% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €3,108,207 | €3,196,735 | +€88,528 | +2.8% |
| Stocks and contracts in progress | 3 | €1,881,248 | €1,788,318 | -€92,931 | -4.9% |
| Stocks | 30/36 | €1,881,248 | €1,788,318 | -€92,931 | -4.9% |
| Amounts receivable within one year | 40/41 | €1,158,156 | €1,348,657 | +€190,500 | +16.4% |
| Trade receivables | 40 | €382,577 | €369,110 | -€13,467 | -3.5% |
| Other amounts receivable | 41 | €775,579 | €979,546 | +€203,967 | +26.3% |
| Cash at bank and in hand | 54/58 | €58,315 | €57,986 | -€329 | -0.6% |
| Deferred charges and accrued income | 490/1 | €10,488 | €1,774 | -€8,714 | -83.1% |
| Total equity and liabilities | 10/49 | €4,268,207 | €4,298,078 | +€29,870 | +0.7% |
| Equity | 10/15 | €1,209,642 | €1,396,863 | +€187,220 | +15.5% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Capital | 10 | €82,000 | €82,000 | = | 0.0% |
| Issued capital | 100 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €1,127,642 | €1,314,863 | +€187,220 | +16.6% |
| Non-distributable reserves | 130/1 | €8,200 | €8,200 | = | 0.0% |
| Legal reserve | 130 | €8,200 | €8,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Distributable reserves | 133 | €1,113,493 | €1,300,713 | +€187,220 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,058,565 | €2,901,215 | -€157,350 | -5.1% |
| Amounts payable after more than one year | 17 | €631,099 | €524,431 | -€106,668 | -16.9% |
| Financial debts | 170/4 | €631,099 | €524,431 | -€106,668 | -16.9% |
| Amounts payable within one year | 42/48 | €2,427,170 | €2,375,193 | -€51,977 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €106,668 | €106,668 | = | 0.0% |
| Trade debts | 44 | €639,238 | €642,103 | +€2,865 | +0.4% |
| Suppliers | 440/4 | €639,238 | €642,103 | +€2,865 | +0.4% |
| Taxes, remuneration and social security | 45 | €181,264 | €126,422 | -€54,842 | -30.3% |
| Taxes | 450/3 | €64,401 | €14,518 | -€49,883 | -77.5% |
| Remuneration and social security | 454/9 | €116,864 | €111,905 | -€4,959 | -4.2% |
| Other amounts payable | 47/48 | €1,500,000 | €1,500,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €296 | €1,590 | +€1,294 | +437.3% |
| Remuneration, social security and pensions | 62 | €854,865 | €910,946 | +€56,082 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,736 | €76,523 | -€3,213 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,039 | €0 | +€3,039 | |
| Other operating charges | 640/8 | €53,849 | €55,314 | +€1,465 | +2.7% |
| Gross operating margin | 9900 | €3,196,806 | €3,081,434 | -€115,372 | -3.6% |
| Operating profit (loss) | 9901 | €2,211,396 | €2,038,651 | -€172,744 | -7.8% |
| Financial income | 75/76B | €13,264 | €20,066 | +€6,802 | +51.3% |
| Recurring financial income | 75 | €13,264 | €20,066 | +€6,802 | +51.3% |
| Financial charges | 65/66B | €44,200 | €48,270 | +€4,070 | +9.2% |
| Recurring financial charges | 65 | €44,200 | €48,270 | +€4,070 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €2,180,460 | €2,010,447 | -€170,013 | -7.8% |
| Income taxes | 67/77 | €364,919 | €323,226 | -€41,693 | -11.4% |
| Profit (loss) for the period | 9904 | €1,815,541 | €1,687,220 | -€128,320 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,815,541 | €1,687,220 | -€128,320 | -7.1% |
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 8 October 2026 via checked.be.