SENIOTEL 3: 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 3
Largest movements
- Current investments -€1.0m
down €1.0m (-80.2%), from €1.2m to €247,525
- Receivables within one year +€786,558
up €786,558 (+222.5%), from €353,517 to €1.1m
of which Other amounts receivable: +€1.0m
- Cash -€280,140
down €280,140 (-52.9%), from €529,319 to €249,179
mainly Receivables within one year (-€786,558) and Other debts (-€353,512)
- Tangible fixed assets -€71,285
down €71,285 (-16.1%), from €444,032 to €372,747
of which Plant, machinery and equipment: -€56,256
- Other debts -€353,512
down €353,512 (-99.3%), from €355,894 to €2,382
- Debts after one year -€140,811
down €140,811 (-98.3%), from €143,192 to €2,381
- Tax, wage and social debts -€84,307
no longer reported in 2025 (was €84,307)
- Profit (loss) carried forward +€48,233
up €48,233 (+2.7%), from €1.8m to €1.9m
- Depreciation -€34,207
down €34,207 (-32.8%), from €104,252 to €70,045
- Financial income -€20,446
down €20,446 (-50.1%), from €40,802 to €20,356
- Gross operating margin -€18,528
down €18,528 (-6.3%), from €292,634 to €274,106
- Taxes -€7,859
down €7,859 (-14.2%), from €55,250 to €47,391
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 | €2,574,393 | €2,009,526 | -€564,867 | -21.9% |
| Fixed assets | 21/28 | €444,032 | €372,747 | -€71,285 | -16.1% |
| Tangible fixed assets | 22/27 | €444,032 | €372,747 | -€71,285 | -16.1% |
| Land and buildings | 22 | €126,574 | €126,586 | +€12 | 0.0% |
| Plant, machinery and equipment | 23 | €278,498 | €222,242 | -€56,256 | -20.2% |
| Furniture and vehicles | 24 | €15,323 | €11,912 | -€3,411 | -22.3% |
| Leasing and similar rights | 25 | €23,637 | €12,007 | -€11,630 | -49.2% |
| Current assets | 29/58 | €2,130,361 | €1,636,779 | -€493,582 | -23.2% |
| Amounts receivable within one year | 40/41 | €353,517 | €1,140,075 | +€786,558 | +222.5% |
| Trade receivables | 40 | €289,718 | €34,900 | -€254,818 | -88.0% |
| Other amounts receivable | 41 | €63,799 | €1,105,175 | +€1.0m | +1632.3% |
| Current investments | 50/53 | €1,247,525 | €247,525 | -€1.0m | -80.2% |
| Cash at bank and in hand | 54/58 | €529,319 | €249,179 | -€280,140 | -52.9% |
| Total equity and liabilities | 10/49 | €2,574,393 | €2,009,526 | -€564,867 | -21.9% |
| Equity | 10/15 | €1,947,080 | €1,995,313 | +€48,233 | +2.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,810,738 | €1,858,972 | +€48,233 | +2.7% |
| Amounts payable | 17/49 | €627,313 | €14,212 | -€613,101 | -97.7% |
| Amounts payable after more than one year | 17 | €143,192 | €2,381 | -€140,811 | -98.3% |
| Financial debts | 170/4 | €143,192 | €2,381 | -€140,811 | -98.3% |
| Amounts payable within one year | 42/48 | €484,121 | €11,832 | -€472,289 | -97.6% |
| Current portion of amounts payable after more than one year | 42 | €31,291 | €9,449 | -€21,841 | -69.8% |
| Trade debts | 44 | €12,629 | - | -€12,629 | |
| Suppliers | 440/4 | €12,629 | - | -€12,629 | |
| Taxes, remuneration and social security | 45 | €84,307 | - | -€84,307 | |
| Taxes | 450/3 | €84,307 | - | -€84,307 | |
| Other amounts payable | 47/48 | €355,894 | €2,382 | -€353,512 | -99.3% |
| Non-recurring operating income | 76A | €10,045 | €17,194 | +€7,148 | +71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,252 | €70,045 | -€34,207 | -32.8% |
| Other operating charges | 640/8 | €26,036 | €26,854 | +€818 | +3.1% |
| Non-recurring operating charges | 66A | - | €94,535 | +€94,535 | |
| Gross operating margin | 9900 | €292,634 | €274,106 | -€18,528 | -6.3% |
| Operating profit (loss) | 9901 | €162,347 | €82,674 | -€79,673 | -49.1% |
| Financial income | 75/76B | €40,802 | €20,356 | -€20,446 | -50.1% |
| Recurring financial income | 75 | €40,802 | €20,356 | -€20,446 | -50.1% |
| Financial charges | 65/66B | €7,209 | €7,406 | +€197 | +2.7% |
| Recurring financial charges | 65 | €7,209 | €7,406 | +€197 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €195,940 | €95,624 | -€100,316 | -51.2% |
| Income taxes | 67/77 | €55,250 | €47,391 | -€7,859 | -14.2% |
| Profit (loss) for the period | 9904 | €140,690 | €48,233 | -€92,457 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €140,690 | €48,233 | -€92,457 | -65.7% |
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 10 October 2026 via checked.be.