SENIORUM: 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.
SENIORUM
Largest movements
- Tangible fixed assets +€259,830
up €259,830 (+32.1%), from €808,238 to €1.1m
of which Land and buildings: +€725,776
- Cash +€18,837
up €18,837 (+58,210%), from €32 to €18,869
mainly Other debts (+€623,045) and Trade debts (+€97,384)
- Other debts +€623,045
new in 2025: €623,045
- Debts after one year -€396,420
no longer reported in 2025 (was €396,420)
of which Financial debts: -€260,000
- Trade debts +€97,384
up €97,384 (+2,002%), from €4,864 to €102,248
- Profit (loss) carried forward -€35,650
down €35,650 (-90.6%), from -€39,344 to -€74,994
- Accrued charges and deferred income -€19,773
no longer reported in 2025 (was €19,773)
- Depreciation +€69,011
up €69,011 (+822%), from €8,398 to €77,409
- Financial income +€19,773
new in 2025: €19,773
- Financial charges -€13,318
down €13,318 (-99.2%), from €13,422 to €104
- Other operating charges -€258
down €258 (-7.9%), from €3,272 to €3,014
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €814,644 | €1,101,457 | +€286,813 | +35.2% |
| Fixed assets | 21/28 | €808,238 | €1,068,068 | +€259,830 | +32.1% |
| Tangible fixed assets | 22/27 | €808,238 | €1,068,068 | +€259,830 | +32.1% |
| Land and buildings | 22 | €336,905 | €1,062,681 | +€725,776 | +215% |
| Plant, machinery and equipment | 23 | €652 | €435 | -€217 | -33.3% |
| Furniture and vehicles | 24 | €7,383 | €4,952 | -€2,431 | -32.9% |
| Other tangible fixed assets | 26 | €463,298 | - | -€463,298 | |
| Current assets | 29/58 | €6,406 | €33,389 | +€26,983 | +421% |
| Amounts receivable within one year | 40/41 | €4,855 | €14,520 | +€9,665 | +199% |
| Trade receivables | 40 | - | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €4,855 | - | -€4,855 | |
| Cash at bank and in hand | 54/58 | €32 | €18,869 | +€18,837 | +58,210% |
| Deferred charges and accrued income | 490/1 | €1,518 | - | -€1,518 | |
| Total equity and liabilities | 10/49 | €814,644 | €1,101,457 | +€286,813 | +35.2% |
| Equity | 10/15 | €393,367 | €357,717 | -€35,650 | -9.1% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €14,110 | €14,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,860 | - | -€12,860 | |
| Reserves not available under the articles | 1311 | €12,860 | - | -€12,860 | |
| Distributable reserves | 133 | €1,250 | €14,110 | +€12,860 | +1,028% |
| Profit (loss) carried forward | 14 | -€39,344 | -€74,994 | -€35,650 | -90.6% |
| Amounts payable | 17/49 | €421,277 | €743,740 | +€322,463 | +76.5% |
| Amounts payable after more than one year | 17 | €396,420 | - | -€396,420 | |
| Financial debts | 170/4 | €260,000 | - | -€260,000 | |
| Other amounts payable | 178/9 | €136,420 | - | -€136,420 | |
| Amounts payable within one year | 42/48 | €5,084 | €743,740 | +€738,657 | +14,530% |
| Trade debts | 44 | €4,864 | €102,248 | +€97,384 | +2,002% |
| Suppliers | 440/4 | €4,864 | €102,248 | +€97,384 | +2,002% |
| Taxes, remuneration and social security | 45 | €219 | €18,447 | +€18,228 | +8,309% |
| Taxes | 450/3 | €219 | €18,447 | +€18,228 | +8,309% |
| Other amounts payable | 47/48 | - | €623,045 | +€623,045 | |
| Accrued charges and deferred income | 492/3 | €19,773 | - | -€19,773 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,398 | €77,409 | +€69,011 | +822% |
| Other operating charges | 640/8 | €3,272 | €3,014 | -€258 | -7.9% |
| Gross operating margin | 9900 | €25,311 | €25,104 | -€208 | -0.8% |
| Operating profit (loss) | 9901 | €13,641 | -€55,319 | -€68,961 | |
| Financial income | 75/76B | - | €19,773 | +€19,773 | |
| Recurring financial income | 75 | - | €19,773 | +€19,773 | |
| Financial charges | 65/66B | €13,422 | €104 | -€13,318 | -99.2% |
| Recurring financial charges | 65 | €13,422 | €104 | -€13,318 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €219 | -€35,650 | -€35,869 | |
| Income taxes | 67/77 | €219 | - | -€219 | |
| Profit (loss) for the period | 9904 | - | -€35,650 | -€35,650 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€35,650 | -€35,650 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.