Senimar: 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.
Senimar
Largest movements
- Cash +€86,370
up €86,370 (+421%), from €20,538 to €106,908
mainly Net result for the year (+€60,532) and Tax, wage and social debts (+€25,800)
- Intangible fixed assets -€13,500
down €13,500 (-50.0%), from €27,000 to €13,500
- Receivables within one year +€11,488
up €11,488 (+60.0%), from €19,144 to €30,632
of which Trade receivables: +€11,388
- Tangible fixed assets -€5,729
down €5,729 (-12.6%), from €45,534 to €39,805
- Profit (loss) carried forward +€60,532
up €60,532 (+119%), from €50,817 to €111,349
- Tax, wage and social debts +€25,800
up €25,800 (+242%), from €10,683 to €36,483
of which Taxes: +€25,710
- Debts after one year -€5,262
down €5,262 (-40.2%), from €13,088 to €7,826
- Gross operating margin +€72,914
up €72,914 (+206%), from €35,430 to €108,343
- Taxes +€18,372
up €18,372 (+3,939%), from €466 to €18,838
- Financial charges -€5,126
down €5,126 (-83.8%), from €6,117 to €990
- Depreciation +€3,059
up €3,059 (+13.6%), from €22,491 to €25,550
- Other operating charges -€1,415
down €1,415 (-36.8%), from €3,848 to €2,433
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 | €116,602 | €196,452 | +€79,850 | +68.5% |
| Fixed assets | 21/28 | €72,534 | €53,305 | -€19,229 | -26.5% |
| Intangible fixed assets | 21 | €27,000 | €13,500 | -€13,500 | -50.0% |
| Tangible fixed assets | 22/27 | €45,534 | €39,805 | -€5,729 | -12.6% |
| Furniture and vehicles | 24 | €45,534 | €39,805 | -€5,729 | -12.6% |
| Current assets | 29/58 | €44,068 | €143,147 | +€99,079 | +225% |
| Amounts receivable within one year | 40/41 | €19,144 | €30,632 | +€11,488 | +60.0% |
| Trade receivables | 40 | €12,579 | €23,967 | +€11,388 | +90.5% |
| Other amounts receivable | 41 | €6,565 | €6,665 | +€100 | +1.5% |
| Cash at bank and in hand | 54/58 | €20,538 | €106,908 | +€86,370 | +421% |
| Deferred charges and accrued income | 490/1 | €4,386 | €5,607 | +€1,221 | +27.8% |
| Total equity and liabilities | 10/49 | €116,602 | €196,452 | +€79,850 | +68.5% |
| Equity | 10/15 | €57,277 | €117,809 | +€60,532 | +106% |
| Contributions | 10/11 | €4,600 | €4,600 | = | 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 | €50,817 | €111,349 | +€60,532 | +119% |
| Amounts payable | 17/49 | €59,326 | €78,643 | +€19,318 | +32.6% |
| Amounts payable after more than one year | 17 | €13,088 | €7,826 | -€5,262 | -40.2% |
| Financial debts | 170/4 | €13,088 | €7,826 | -€5,262 | -40.2% |
| Amounts payable within one year | 42/48 | €46,238 | €70,817 | +€24,580 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €5,055 | €5,262 | +€207 | +4.1% |
| Trade debts | 44 | €1,500 | €73 | -€1,428 | -95.2% |
| Suppliers | 440/4 | €1,500 | €73 | -€1,428 | -95.2% |
| Advances received on contracts in progress | 46 | €29,000 | €29,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,683 | €36,483 | +€25,800 | +242% |
| Taxes | 450/3 | €10,683 | €36,392 | +€25,710 | +241% |
| Remuneration and social security | 454/9 | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,491 | €25,550 | +€3,059 | +13.6% |
| Other operating charges | 640/8 | €3,848 | €2,433 | -€1,415 | -36.8% |
| Gross operating margin | 9900 | €35,430 | €108,343 | +€72,914 | +206% |
| Operating profit (loss) | 9901 | €9,090 | €80,361 | +€71,270 | +784% |
| Financial charges | 65/66B | €6,117 | €990 | -€5,126 | -83.8% |
| Recurring financial charges | 65 | €6,117 | €990 | -€5,126 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | €2,974 | €79,370 | +€76,396 | +2,569% |
| Income taxes | 67/77 | €466 | €18,838 | +€18,372 | +3,939% |
| Profit (loss) for the period | 9904 | €2,508 | €60,532 | +€58,025 | +2,314% |
| Profit (loss) for the period to be appropriated | 9905 | €2,508 | €60,532 | +€58,025 | +2,314% |
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 16 October 2026 via checked.be.