SENIOTEL 4: 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 4
Largest movements
- Receivables within one year +€239,457
up €239,457 (+108%), from €220,957 to €460,414
of which Other amounts receivable: +€239,043
- Cash +€180,861
up €180,861 (+87.6%), from €206,483 to €387,345
mainly Net result for the year (+€682,364) and Depreciation (+€142,812)
- Tangible fixed assets -€127,081
down €127,081 (-20.9%), from €608,765 to €481,684
of which Land and buildings: -€65,739
- Reserves +€282,364
up €282,364 (+72.9%), from €387,141 to €669,505
of which Distributable reserves: +€282,364
- Tax, wage and social debts +€115,741
up €115,741 (+496%), from €23,342 to €139,083
- Other debts -€100,000
down €100,000 (-20.0%), from €500,000 to €400,000
- Gross operating margin -€240,530
down €240,530 (-17.8%), from €1.4m to €1.1m
- Taxes -€51,983
down €51,983 (-17.9%), from €291,184 to €239,201
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 | €1,038,549 | €1,331,788 | +€293,239 | +28.2% |
| Fixed assets | 21/28 | €609,228 | €482,147 | -€127,081 | -20.9% |
| Tangible fixed assets | 22/27 | €608,765 | €481,684 | -€127,081 | -20.9% |
| Land and buildings | 22 | €297,969 | €232,230 | -€65,739 | -22.1% |
| Plant, machinery and equipment | 23 | €310,796 | €249,454 | -€61,342 | -19.7% |
| Financial fixed assets | 28 | €463 | €463 | = | 0.0% |
| Current assets | 29/58 | €429,321 | €849,641 | +€420,320 | +97.9% |
| Amounts receivable within one year | 40/41 | €220,957 | €460,414 | +€239,457 | +108% |
| Trade receivables | 40 | - | €414 | +€414 | |
| Other amounts receivable | 41 | €220,957 | €460,000 | +€239,043 | +108% |
| Cash at bank and in hand | 54/58 | €206,483 | €387,345 | +€180,861 | +87.6% |
| Deferred charges and accrued income | 490/1 | €1,880 | €1,883 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €1,038,549 | €1,331,788 | +€293,239 | +28.2% |
| Equity | 10/15 | €510,141 | €792,505 | +€282,364 | +55.4% |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Capital | 10 | €123,000 | €123,000 | = | 0.0% |
| Issued capital | 100 | €123,000 | €123,000 | = | 0.0% |
| Reserves | 13 | €387,141 | €669,505 | +€282,364 | +72.9% |
| Non-distributable reserves | 130/1 | €12,300 | €12,300 | = | 0.0% |
| Legal reserve | 130 | €12,300 | €12,300 | = | 0.0% |
| Distributable reserves | 133 | €374,841 | €657,205 | +€282,364 | +75.3% |
| Amounts payable | 17/49 | €528,408 | €539,283 | +€10,876 | +2.1% |
| Amounts payable within one year | 42/48 | €528,408 | €539,283 | +€10,876 | +2.1% |
| Trade debts | 44 | €5,066 | €200 | -€4,866 | -96.1% |
| Suppliers | 440/4 | €5,066 | €200 | -€4,866 | -96.1% |
| Taxes, remuneration and social security | 45 | €23,342 | €139,083 | +€115,741 | +496% |
| Taxes | 450/3 | €23,342 | €139,083 | +€115,741 | +496% |
| Other amounts payable | 47/48 | €500,000 | €400,000 | -€100,000 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,474 | €142,812 | +€2,338 | +1.7% |
| Other operating charges | 640/8 | €47,455 | €48,939 | +€1,484 | +3.1% |
| Gross operating margin | 9900 | €1,354,205 | €1,113,676 | -€240,530 | -17.8% |
| Operating profit (loss) | 9901 | €1,166,276 | €921,925 | -€244,352 | -21.0% |
| Financial income | 75/76B | €45 | €41 | -€4 | -8.8% |
| Recurring financial income | 75 | €45 | €41 | -€4 | -8.8% |
| Financial charges | 65/66B | €1,584 | €401 | -€1,183 | -74.7% |
| Recurring financial charges | 65 | €1,584 | €401 | -€1,183 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €1,164,737 | €921,565 | -€243,172 | -20.9% |
| Income taxes | 67/77 | €291,184 | €239,201 | -€51,983 | -17.9% |
| Profit (loss) for the period | 9904 | €873,553 | €682,364 | -€191,189 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €873,553 | €682,364 | -€191,189 | -21.9% |
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 27 October 2026 via checked.be.