SENIEY: 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.
SENIEY
Largest movements
- Receivables within one year -€161,369
down €161,369 (-99.9%), from €161,516 to €147
of which Trade receivables: -€161,516
- Formation expenses -€126,161
no longer reported in 2025 (was €126,161)
- Intangible fixed assets +€96,688
new in 2025: €96,688
- Cash -€29,746
down €29,746 (-100%), from €29,746 to €0
mainly Trade debts (-€77,399) and Debts after one year (-€45,788)
- Trade debts -€77,399
down €77,399 (-100%), from €77,399 to €0
- Debts after one year -€45,788
down €45,788 (-100%), from €45,788 to €0
- Profit (loss) carried forward -€42,214
down €42,214 (-70.2%), from €60,116 to €17,902
- Other debts -€40,454
down €40,454 (-17.6%), from €229,660 to €189,206
- Current portion of long-term debt -€17,051
down €17,051 (-100%), from €17,051 to €0
- Gross operating margin -€90,770
down €90,770, from €84,880 to -€5,890
- Depreciation -€19,280
down €19,280 (-37.2%), from €51,785 to €32,505
- Other operating charges +€1,347
new in 2025: €1,347
- Financial charges -€1,042
down €1,042 (-29.6%), from €3,515 to €2,473
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 | €452,726 | €228,014 | -€224,712 | -49.6% |
| Formation expenses | 20 | €126,161 | - | -€126,161 | |
| Fixed assets | 21/28 | €133,403 | €227,867 | +€94,464 | +70.8% |
| Intangible fixed assets | 21 | - | €96,688 | +€96,688 | |
| Tangible fixed assets | 22/27 | €128,067 | €125,037 | -€3,030 | -2.4% |
| Land and buildings | 22 | €124,505 | €122,694 | -€1,811 | -1.5% |
| Plant, machinery and equipment | 23 | €3,107 | €2,098 | -€1,009 | -32.5% |
| Furniture and vehicles | 24 | €455 | €245 | -€210 | -46.1% |
| Financial fixed assets | 28 | €5,336 | €6,142 | +€806 | +15.1% |
| Current assets | 29/58 | €193,162 | €147 | -€193,015 | -99.9% |
| Stocks and contracts in progress | 3 | €1,900 | €0 | -€1,900 | -100% |
| Stocks | 30/36 | €1,900 | €0 | -€1,900 | -100% |
| Amounts receivable within one year | 40/41 | €161,516 | €147 | -€161,369 | -99.9% |
| Trade receivables | 40 | €161,516 | €0 | -€161,516 | -100% |
| Other amounts receivable | 41 | - | €147 | +€147 | |
| Cash at bank and in hand | 54/58 | €29,746 | €0 | -€29,746 | -100% |
| Total equity and liabilities | 10/49 | €452,726 | €228,014 | -€224,712 | -49.6% |
| Equity | 10/15 | €80,576 | €38,362 | -€42,214 | -52.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,116 | €17,902 | -€42,214 | -70.2% |
| Amounts payable | 17/49 | €372,150 | €189,652 | -€182,499 | -49.0% |
| Amounts payable after more than one year | 17 | €45,788 | €0 | -€45,788 | -100% |
| Financial debts | 170/4 | €45,788 | €0 | -€45,788 | -100% |
| Amounts payable within one year | 42/48 | €326,362 | €189,652 | -€136,711 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €17,051 | €0 | -€17,051 | -100% |
| Trade debts | 44 | €77,399 | €0 | -€77,399 | -100% |
| Suppliers | 440/4 | €77,399 | €0 | -€77,399 | -100% |
| Taxes, remuneration and social security | 45 | €2,252 | €445 | -€1,807 | -80.2% |
| Taxes | 450/3 | €2,252 | €445 | -€1,807 | -80.2% |
| Other amounts payable | 47/48 | €229,660 | €189,206 | -€40,454 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,785 | €32,505 | -€19,280 | -37.2% |
| Other operating charges | 640/8 | - | €1,347 | +€1,347 | |
| Gross operating margin | 9900 | €84,880 | -€5,890 | -€90,770 | |
| Operating profit (loss) | 9901 | €33,095 | -€39,741 | -€72,836 | |
| Financial charges | 65/66B | €3,515 | €2,473 | -€1,042 | -29.6% |
| Recurring financial charges | 65 | €3,515 | €2,473 | -€1,042 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €29,580 | -€42,214 | -€71,794 | |
| Profit (loss) for the period | 9904 | €29,580 | -€42,214 | -€71,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,580 | -€42,214 | -€71,794 |
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 21 October 2026 via checked.be.