SENIOTEL 2: 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.
SENIOTEL 2
Largest movements
- Receivables within one year +€132,335
up €132,335 (+14.5%), from €910,272 to €1.0m
- Cash -€15,194
down €15,194 (-57.2%), from €26,565 to €11,371
mainly Receivables within one year (-€132,335) and Debts after one year (-€14,973)
- Reserves +€125,571
up €125,571 (+14.5%), from €866,606 to €992,177
of which Distributable reserves: +€125,571
- Debts after one year -€14,973
down €14,973 (-17.4%), from €86,146 to €71,173
- Depreciation -€16,319
down €16,319 (-58.2%), from €28,030 to €11,711
- Taxes +€4,520
up €4,520 (+12.1%), from €37,343 to €41,863
- Financial income +€2,581
up €2,581 (+15.4%), from €16,804 to €19,385
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,136,378 | €1,241,907 | +€105,530 | +9.3% |
| Fixed assets | 21/28 | €191,309 | €179,598 | -€11,711 | -6.1% |
| Tangible fixed assets | 22/27 | €187,590 | €175,879 | -€11,711 | -6.2% |
| Land and buildings | 22 | €141,435 | €140,267 | -€1,168 | -0.8% |
| Plant, machinery and equipment | 23 | €46,155 | €35,612 | -€10,543 | -22.8% |
| Financial fixed assets | 28 | €3,718 | €3,718 | = | 0.0% |
| Current assets | 29/58 | €945,069 | €1,062,309 | +€117,241 | +12.4% |
| Amounts receivable within one year | 40/41 | €910,272 | €1,042,607 | +€132,335 | +14.5% |
| Other amounts receivable | 41 | €910,272 | €1,042,607 | +€132,335 | +14.5% |
| Cash at bank and in hand | 54/58 | €26,565 | €11,371 | -€15,194 | -57.2% |
| Deferred charges and accrued income | 490/1 | €8,232 | €8,331 | +€99 | +1.2% |
| Total equity and liabilities | 10/49 | €1,136,378 | €1,241,907 | +€105,530 | +9.3% |
| Equity | 10/15 | €1,013,916 | €1,139,488 | +€125,571 | +12.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €866,606 | €992,177 | +€125,571 | +14.5% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €854,106 | €979,677 | +€125,571 | +14.7% |
| Amounts payable | 17/49 | €122,461 | €102,419 | -€20,042 | -16.4% |
| Amounts payable after more than one year | 17 | €86,146 | €71,173 | -€14,973 | -17.4% |
| Financial debts | 170/4 | €86,146 | €71,173 | -€14,973 | -17.4% |
| Amounts payable within one year | 42/48 | €27,493 | €22,314 | -€5,179 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €16,003 | €16,212 | +€209 | +1.3% |
| Trade debts | 44 | €1,773 | €1,839 | +€67 | +3.8% |
| Suppliers | 440/4 | €1,773 | €1,839 | +€67 | +3.8% |
| Taxes, remuneration and social security | 45 | €7,304 | €1,848 | -€5,455 | -74.7% |
| Taxes | 450/3 | €7,304 | €1,848 | -€5,455 | -74.7% |
| Other amounts payable | 47/48 | €2,413 | €2,413 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,822 | €8,933 | +€111 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,030 | €11,711 | -€16,319 | -58.2% |
| Other operating charges | 640/8 | €17,982 | €17,930 | -€51 | -0.3% |
| Gross operating margin | 9900 | €179,175 | €179,013 | -€162 | -0.1% |
| Operating profit (loss) | 9901 | €133,163 | €149,371 | +€16,208 | +12.2% |
| Financial income | 75/76B | €16,804 | €19,385 | +€2,581 | +15.4% |
| Recurring financial income | 75 | €16,804 | €19,385 | +€2,581 | +15.4% |
| Financial charges | 65/66B | €1,509 | €1,321 | -€188 | -12.5% |
| Recurring financial charges | 65 | €1,509 | €1,321 | -€188 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €148,458 | €167,435 | +€18,977 | +12.8% |
| Income taxes | 67/77 | €37,343 | €41,863 | +€4,520 | +12.1% |
| Profit (loss) for the period | 9904 | €111,115 | €125,571 | +€14,457 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,115 | €125,571 | +€14,457 | +13.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.