SENIOR CONSTRUCT: 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.
SENIOR CONSTRUCT
Largest movements
- Tangible fixed assets +€35,999
up €35,999 (+60.3%), from €59,664 to €95,664
of which Furniture and vehicles: +€36,196
- Stocks and contracts -€25,225
down €25,225 (-51.3%), from €49,194 to €23,969
- Cash -€24,159
down €24,159 (-89.5%), from €26,985 to €2,827
mainly Investment in fixed assets (net) (-€66,712) and Other debts (-€41,862)
- Receivables within one year -€22,097
down €22,097 (-23.8%), from €92,987 to €70,889
of which Trade receivables: -€23,359
- Other debts -€41,862
down €41,862 (-45.4%), from €92,289 to €50,426
- Profit (loss) carried forward -€29,487
down €29,487 (-96.1%), from €30,677 to €1,190
- Debts after one year +€26,017
up €26,017 (+55.6%), from €46,782 to €72,799
- Current portion of long-term debt +€11,914
up €11,914 (+57.8%), from €20,623 to €32,537
- Staff costs +€61,652
up €61,652 (+49.7%), from €124,014 to €185,666
- Gross operating margin +€43,339
up €43,339 (+27.3%), from €158,798 to €202,137
- Financial charges +€9,043
up €9,043 (+286.0%), from €3,162 to €12,204
- Depreciation +€7,994
up €7,994 (+35.2%), from €22,718 to €30,712
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 | €233,394 | €200,017 | -€33,377 | -14.3% |
| Fixed assets | 21/28 | €59,664 | €95,664 | +€35,999 | +60.3% |
| Tangible fixed assets | 22/27 | €59,664 | €95,664 | +€35,999 | +60.3% |
| Plant, machinery and equipment | 23 | €6,809 | €6,612 | -€197 | -2.9% |
| Furniture and vehicles | 24 | €52,855 | €89,051 | +€36,196 | +68.5% |
| Current assets | 29/58 | €173,730 | €104,354 | -€69,376 | -39.9% |
| Stocks and contracts in progress | 3 | €49,194 | €23,969 | -€25,225 | -51.3% |
| Contracts in progress | 37 | €49,194 | €23,969 | -€25,225 | -51.3% |
| Amounts receivable within one year | 40/41 | €92,987 | €70,889 | -€22,097 | -23.8% |
| Trade receivables | 40 | €81,633 | €58,274 | -€23,359 | -28.6% |
| Other amounts receivable | 41 | €11,354 | €12,615 | +€1,261 | +11.1% |
| Cash at bank and in hand | 54/58 | €26,985 | €2,827 | -€24,159 | -89.5% |
| Deferred charges and accrued income | 490/1 | €4,564 | €6,669 | +€2,105 | +46.1% |
| Total equity and liabilities | 10/49 | €233,394 | €200,017 | -€33,377 | -14.3% |
| Equity | 10/15 | €46,177 | €16,690 | -€29,487 | -63.9% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,677 | €1,190 | -€29,487 | -96.1% |
| Amounts payable | 17/49 | €187,217 | €183,328 | -€3,889 | -2.1% |
| Amounts payable after more than one year | 17 | €46,782 | €72,799 | +€26,017 | +55.6% |
| Financial debts | 170/4 | €46,782 | €72,799 | +€26,017 | +55.6% |
| Amounts payable within one year | 42/48 | €140,435 | €110,468 | -€29,967 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €20,623 | €32,537 | +€11,914 | +57.8% |
| Trade debts | 44 | €23,749 | €24,236 | +€486 | +2.0% |
| Suppliers | 440/4 | €23,749 | €24,236 | +€486 | +2.0% |
| Taxes, remuneration and social security | 45 | €3,774 | €3,269 | -€505 | -13.4% |
| Taxes | 450/3 | €286 | €286 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,489 | €2,983 | -€505 | -14.5% |
| Other amounts payable | 47/48 | €92,289 | €50,426 | -€41,862 | -45.4% |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Remuneration, social security and pensions | 62 | €124,014 | €185,666 | +€61,652 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,718 | €30,712 | +€7,994 | +35.2% |
| Other operating charges | 640/8 | €3,699 | €2,856 | -€843 | -22.8% |
| Gross operating margin | 9900 | €158,798 | €202,137 | +€43,339 | +27.3% |
| Operating profit (loss) | 9901 | €8,366 | -€17,098 | -€25,463 | |
| Financial income | 75/76B | €145 | €1 | -€144 | -99.3% |
| Recurring financial income | 75 | €145 | €1 | -€144 | -99.3% |
| Financial charges | 65/66B | €3,162 | €12,204 | +€9,043 | +286.0% |
| Recurring financial charges | 65 | €3,162 | €12,204 | +€9,043 | +286.0% |
| Profit (loss) for the period before taxes | 9903 | €5,349 | -€29,301 | -€34,650 | |
| Income taxes | 67/77 | €1,786 | €186 | -€1,599 | -89.6% |
| Profit (loss) for the period | 9904 | €3,564 | -€29,487 | -€33,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,564 | -€29,487 | -€33,051 |
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.