SENITER: what changed
SENITER
Largest movements
- Cash -€31,933
down €31,933 (-62.8%), from €50,832 to €18,898
mainly Net result for the year (-€25,611) and Stocks and contracts (-€14,705)
- Stocks and contracts +€14,705
up €14,705 (+62.4%), from €23,583 to €38,288
- Tangible fixed assets -€5,857
down €5,857 (-40.8%), from €14,363 to €8,506
of which Furniture and vehicles: -€3,640
- Receivables within one year +€4,830
up €4,830 (+65.1%), from €7,421 to €12,251
of which Trade receivables: +€12,251
- Profit (loss) carried forward -€25,611
down €25,611, from €1,085 to -€24,526
- Tax, wage and social debts +€6,314
up €6,314 (+14,118%), from €45 to €6,358
- Other debts +€2,223
up €2,223 (+6.5%), from €34,444 to €36,667
- Gross operating margin -€69,045
down €69,045, from €52,501 to -€16,544
- Taxes -€2,586
down €2,586 (-93.3%), from €2,772 to €186
- Depreciation +€2,051
up €2,051 (+53.9%), from €3,806 to €5,857
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,586 | €122,176 | -€17,410 | -12.5% |
| Fixed assets | 21/28 | €14,363 | €8,506 | -€5,857 | -40.8% |
| Tangible fixed assets | 22/27 | €14,363 | €8,506 | -€5,857 | -40.8% |
| Plant, machinery and equipment | 23 | €6,484 | €4,267 | -€2,217 | -34.2% |
| Furniture and vehicles | 24 | €7,879 | €4,239 | -€3,640 | -46.2% |
| Current assets | 29/58 | €125,223 | €113,670 | -€11,553 | -9.2% |
| Stocks and contracts in progress | 3 | €23,583 | €38,288 | +€14,705 | +62.4% |
| Stocks | 30/36 | €23,583 | €38,288 | +€14,705 | +62.4% |
| Amounts receivable within one year | 40/41 | €7,421 | €12,251 | +€4,830 | +65.1% |
| Trade receivables | 40 | €0 | €12,251 | +€12,251 | |
| Other amounts receivable | 41 | €7,421 | €0 | -€7,421 | -100% |
| Current investments | 50/53 | €33,980 | €33,980 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,832 | €18,898 | -€31,933 | -62.8% |
| Deferred charges and accrued income | 490/1 | €9,407 | €10,253 | +€846 | +9.0% |
| Total equity and liabilities | 10/49 | €139,586 | €122,176 | -€17,410 | -12.5% |
| Equity | 10/15 | €103,435 | €77,824 | -€25,611 | -24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,750 | €83,750 | = | 0.0% |
| Distributable reserves | 133 | €83,750 | €83,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,085 | -€24,526 | -€25,611 | |
| Amounts payable | 17/49 | €36,151 | €44,352 | +€8,201 | +22.7% |
| Amounts payable within one year | 42/48 | €36,151 | €44,352 | +€8,201 | +22.7% |
| Trade debts | 44 | €1,662 | €1,327 | -€335 | -20.2% |
| Suppliers | 440/4 | €1,662 | €1,327 | -€335 | -20.2% |
| Taxes, remuneration and social security | 45 | €45 | €6,358 | +€6,314 | +14,118% |
| Taxes | 450/3 | €45 | €6,358 | +€6,314 | +14,118% |
| Other amounts payable | 47/48 | €34,444 | €36,667 | +€2,223 | +6.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,806 | €5,857 | +€2,051 | +53.9% |
| Other operating charges | 640/8 | €668 | €689 | +€21 | +3.1% |
| Gross operating margin | 9900 | €52,501 | -€16,544 | -€69,045 | |
| Operating profit (loss) | 9901 | €48,027 | -€23,090 | -€71,116 | |
| Financial income | 75/76B | €130 | €150 | +€20 | +15.2% |
| Recurring financial income | 75 | €130 | €150 | +€20 | +15.2% |
| Financial charges | 65/66B | €2,509 | €2,485 | -€24 | -0.9% |
| Recurring financial charges | 65 | €2,509 | €2,485 | -€24 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €45,648 | -€25,425 | -€71,073 | |
| Income taxes | 67/77 | €2,772 | €186 | -€2,586 | -93.3% |
| Profit (loss) for the period | 9904 | €42,876 | -€25,611 | -€68,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,876 | -€25,611 | -€68,487 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.