SENHIVE: what changed
What changed
SENHIVE
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€1.5m
2025 · €590,494+€872,160
Equity
€2.8m
2025 · €1.3m+€1.5m
Cash
€4.4m
2025 · €484,887+€3.9m
Balance sheet total
€10.3m
2025 · €1.6m+€8.7m
Largest movements
Assets
- Cash +€3.9m
up €3.9m (+800%), from €484,887 to €4.4m
mainly Advances received (+€4.6m) and Debts after one year (+€2.0m)
- Current investments +€3.0m
new in 2026: €3.0m
- Stocks and contracts +€574,763
up €574,763 (+342%), from €168,145 to €742,908
- Intangible fixed assets +€494,772
up €494,772 (+66.6%), from €742,997 to €1.2m
- Deferred charges and accrued income +€320,125
up €320,125 (+4,001%), from €8,001 to €328,126
Equity and liabilities
- Advances received +€4.6m
new in 2026: €4.6m
- Debts after one year +€2.0m
up €2.0m (+1,877%), from €104,946 to €2.1m
- Profit (loss) carried forward +€1.5m
up €1.5m (+548%), from €266,738 to €1.7m
- Trade debts +€682,873
up €682,873 (+647%), from €105,489 to €788,363
Income statement
- Gross operating margin +€1.8m
up €1.8m (+156%), from €1.1m to €2.9m
- Staff costs +€492,936
up €492,936 (+162%), from €304,936 to €797,872
- Taxes +€194,943
up €194,943 (+4,247%), from €4,590 to €199,533
- Depreciation +€105,995
up €105,995 (+48.2%), from €219,840 to €325,835
- Financial charges +€100,756
up €100,756 (+701%), from €14,379 to €115,135
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€590,494
Gross operating margin
+€1.8m
Staff costs
-€492,936
Depreciation
-€105,995
Other operating charges
-€3,831
Financial income
+€193
Financial charges
-€100,756
Taxes
-€194,943
Result 2026
€1.5m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.9m
Investment
-€3.9m
Financing
+€2.0m
Cash 2025
€484,887
From operations (derived)
+€5.9m
Net result for the year
+€1.5m
Depreciation
+€325,835
Stocks and contracts
-€574,763
Receivables within one year
-€306,001
Deferred charges and accrued income
-€320,125
Trade debts
+€682,873
Tax, wage and social debts
+€59,095
Advances received
+€4.6m
Other debts
-€887
Accrued charges and deferred income
-€42,562
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€943,150
Current investments
-€3.0m
Financing
+€2.0m
Debts after one year
+€2.0m
Cash 2026
€4.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,622,893 | €10,318,595 | +€8.7m | +536% |
| Fixed assets | 21/28 | €822,132 | €1,439,447 | +€617,315 | +75.1% |
| Intangible fixed assets | 21 | €742,997 | €1,237,768 | +€494,772 | +66.6% |
| Tangible fixed assets | 22/27 | €76,636 | €199,178 | +€122,543 | +160% |
| Plant, machinery and equipment | 23 | €7,935 | €14,854 | +€6,919 | +87.2% |
| Furniture and vehicles | 24 | €17,481 | €96,985 | +€79,504 | +455% |
| Other tangible fixed assets | 26 | €51,219 | €87,339 | +€36,119 | +70.5% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €800,760 | €8,879,148 | +€8.1m | +1,009% |
| Stocks and contracts in progress | 3 | €168,145 | €742,908 | +€574,763 | +342% |
| Stocks | 30/36 | €168,145 | €742,908 | +€574,763 | +342% |
| Amounts receivable within one year | 40/41 | €139,727 | €445,728 | +€306,001 | +219% |
| Trade receivables | 40 | €109,356 | €23,460 | -€85,896 | -78.5% |
| Other amounts receivable | 41 | €30,371 | €422,268 | +€391,897 | +1,290% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €484,887 | €4,362,386 | +€3.9m | +800% |
| Deferred charges and accrued income | 490/1 | €8,001 | €328,126 | +€320,125 | +4,001% |
| Total equity and liabilities | 10/49 | €1,622,893 | €10,318,595 | +€8.7m | +536% |
| Equity | 10/15 | €1,311,608 | €2,774,261 | +€1.5m | +112% |
| Contributions | 10/11 | €1,044,870 | €1,044,870 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,738 | €1,729,392 | +€1.5m | +548% |
| Amounts payable | 17/49 | €311,285 | €7,544,334 | +€7.2m | +2,324% |
| Amounts payable after more than one year | 17 | €104,946 | €2,074,740 | +€2.0m | +1,877% |
| Financial debts | 170/4 | €104,946 | €2,074,740 | +€2.0m | +1,877% |
| Amounts payable within one year | 42/48 | €149,264 | €5,455,081 | +€5.3m | +3,555% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €105,489 | €788,363 | +€682,873 | +647% |
| Suppliers | 440/4 | €105,489 | €788,363 | +€682,873 | +647% |
| Advances received on contracts in progress | 46 | - | €4,564,736 | +€4.6m | |
| Taxes, remuneration and social security | 45 | €42,888 | €101,983 | +€59,095 | +138% |
| Taxes | 450/3 | €1,813 | €0 | -€1,813 | -100% |
| Remuneration and social security | 454/9 | €41,074 | €101,983 | +€60,908 | +148% |
| Other amounts payable | 47/48 | €887 | €0 | -€887 | -100% |
| Accrued charges and deferred income | 492/3 | €57,075 | €14,513 | -€42,562 | -74.6% |
| Remuneration, social security and pensions | 62 | €304,936 | €797,872 | +€492,936 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,840 | €325,835 | +€105,995 | +48.2% |
| Other operating charges | 640/8 | €681 | €4,512 | +€3,831 | +563% |
| Gross operating margin | 9900 | €1,134,833 | €2,905,262 | +€1.8m | +156% |
| Operating profit (loss) | 9901 | €609,376 | €1,777,043 | +€1.2m | +192% |
| Financial income | 75/76B | €86 | €278 | +€193 | +224% |
| Recurring financial income | 75 | €86 | €278 | +€193 | +224% |
| Financial charges | 65/66B | €14,379 | €115,135 | +€100,756 | +701% |
| Recurring financial charges | 65 | €14,379 | €115,135 | +€100,756 | +701% |
| Profit (loss) for the period before taxes | 9903 | €595,083 | €1,662,186 | +€1.1m | +179% |
| Income taxes | 67/77 | €4,590 | €199,533 | +€194,943 | +4,247% |
| Profit (loss) for the period | 9904 | €590,494 | €1,462,653 | +€872,160 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €590,494 | €1,462,653 | +€872,160 | +148% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.