SENIFI: 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.
SENIFI
Largest movements
- Cash +€21,942
up €21,942 (+106.0%), from €20,707 to €42,648
mainly Net result for the year (+€18,886) and Depreciation (+€10,684)
- Receivables within one year -€8,030
down €8,030 (-78.1%), from €10,285 to €2,255
of which Trade receivables: -€10,151
- Deferred charges and accrued income +€6,998
up €6,998 (+293.2%), from €2,387 to €9,385
- Tangible fixed assets -€3,533
down €3,533 (-7.5%), from €46,825 to €43,292
- Reserves +€18,886
up €18,886 (+57.7%), from €32,724 to €51,610
- Tax, wage and social debts -€1,420
down €1,420 (-20.8%), from €6,833 to €5,413
of which Taxes: -€1,420
- Gross operating margin -€8,306
down €8,306 (-19.1%), from €43,533 to €35,227
- Depreciation +€8,262
up €8,262 (+341.1%), from €2,422 to €10,684
- Taxes -€2,945
down €2,945 (-35.3%), from €8,334 to €5,389
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 | €80,203 | €97,580 | +€17,377 | +21.7% |
| Fixed assets | 21/28 | €46,825 | €43,292 | -€3,533 | -7.5% |
| Tangible fixed assets | 22/27 | €46,825 | €43,292 | -€3,533 | -7.5% |
| Furniture and vehicles | 24 | €46,825 | €43,292 | -€3,533 | -7.5% |
| Current assets | 29/58 | €33,379 | €54,288 | +€20,909 | +62.6% |
| Amounts receivable within one year | 40/41 | €10,285 | €2,255 | -€8,030 | -78.1% |
| Trade receivables | 40 | €10,285 | €134 | -€10,151 | -98.7% |
| Other amounts receivable | 41 | - | €2,121 | +€2,121 | |
| Cash at bank and in hand | 54/58 | €20,707 | €42,648 | +€21,942 | +106.0% |
| Deferred charges and accrued income | 490/1 | €2,387 | €9,385 | +€6,998 | +293.2% |
| Total equity and liabilities | 10/49 | €80,203 | €97,580 | +€17,377 | +21.7% |
| Equity | 10/15 | €33,724 | €52,610 | +€18,886 | +56.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,724 | €51,610 | +€18,886 | +57.7% |
| Distributable reserves | 133 | €32,724 | €51,610 | +€18,886 | +57.7% |
| Amounts payable | 17/49 | €46,479 | €44,970 | -€1,509 | -3.2% |
| Amounts payable within one year | 42/48 | €46,479 | €44,970 | -€1,509 | -3.2% |
| Trade debts | 44 | €135 | €0 | -€135 | -100.0% |
| Suppliers | 440/4 | €135 | €0 | -€135 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,833 | €5,413 | -€1,420 | -20.8% |
| Taxes | 450/3 | €4,233 | €2,813 | -€1,420 | -33.5% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €39,511 | €39,557 | +€46 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,422 | €10,684 | +€8,262 | +341.1% |
| Other operating charges | 640/8 | €50 | €170 | +€120 | +240.0% |
| Gross operating margin | 9900 | €43,533 | €35,227 | -€8,306 | -19.1% |
| Operating profit (loss) | 9901 | €41,061 | €24,374 | -€16,687 | -40.6% |
| Financial charges | 65/66B | €3 | €99 | +€96 | +3409.6% |
| Recurring financial charges | 65 | €3 | €99 | +€96 | +3409.6% |
| Profit (loss) for the period before taxes | 9903 | €41,058 | €24,275 | -€16,784 | -40.9% |
| Income taxes | 67/77 | €8,334 | €5,389 | -€2,945 | -35.3% |
| Profit (loss) for the period | 9904 | €32,724 | €18,886 | -€13,838 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,724 | €18,886 | -€13,838 | -42.3% |
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 11 October 2026 via checked.be.