SENJA: 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.
SENJA
Largest movements
- Current investments -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Tangible fixed assets +€42,616
up €42,616 (+24.7%), from €172,655 to €215,270
of which Furniture and vehicles: +€39,947
- Receivables within one year +€41,530
up €41,530 (+89.4%), from €46,440 to €87,969
of which Trade receivables: +€57,719
- Cash +€20,080
up €20,080 (+20.3%), from €98,699 to €118,780
mainly Net result for the year (+€175,075) and Current investments (+€50,000)
- Reserves +€21,462
up €21,462 (+5.1%), from €419,477 to €440,939
of which Distributable reserves: +€21,462
- Tax, wage and social debts +€20,629
up €20,629 (+132%), from €15,684 to €36,313
of which Taxes: +€20,129
- Debts after one year +€17,170
up €17,170 (+33.9%), from €50,670 to €67,840
- Contributions -€16,600
down €16,600 (-89.2%), from €18,600 to €2,000
- Current portion of long-term debt +€8,510
up €8,510 (+67.0%), from €12,700 to €21,210
- Gross operating margin +€134,485
up €134,485 (+96.1%), from €139,966 to €274,451
- Taxes +€41,668
up €41,668 (+122%), from €34,258 to €75,927
- Depreciation +€4,943
up €4,943 (+28.9%), from €17,075 to €22,018
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 | €518,059 | €573,106 | +€55,047 | +10.6% |
| Fixed assets | 21/28 | €172,655 | €215,270 | +€42,616 | +24.7% |
| Tangible fixed assets | 22/27 | €172,655 | €215,270 | +€42,616 | +24.7% |
| Land and buildings | 22 | €151,581 | €155,975 | +€4,394 | +2.9% |
| Plant, machinery and equipment | 23 | €6,384 | €4,659 | -€1,726 | -27.0% |
| Furniture and vehicles | 24 | €14,689 | €54,637 | +€39,947 | +272% |
| Current assets | 29/58 | €345,405 | €357,836 | +€12,431 | +3.6% |
| Amounts receivable within one year | 40/41 | €46,440 | €87,969 | +€41,530 | +89.4% |
| Trade receivables | 40 | €30,250 | €87,969 | +€57,719 | +191% |
| Other amounts receivable | 41 | €16,190 | €0 | -€16,190 | -100% |
| Current investments | 50/53 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €98,699 | €118,780 | +€20,080 | +20.3% |
| Deferred charges and accrued income | 490/1 | €266 | €1,087 | +€821 | +309% |
| Total equity and liabilities | 10/49 | €518,059 | €573,106 | +€55,047 | +10.6% |
| Equity | 10/15 | €438,077 | €442,939 | +€4,862 | +1.1% |
| Contributions | 10/11 | €18,600 | €2,000 | -€16,600 | -89.2% |
| Reserves | 13 | €419,477 | €440,939 | +€21,462 | +5.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €419,477 | €440,939 | +€21,462 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,983 | €130,167 | +€50,184 | +62.7% |
| Amounts payable after more than one year | 17 | €50,670 | €67,840 | +€17,170 | +33.9% |
| Financial debts | 170/4 | €50,670 | €67,840 | +€17,170 | +33.9% |
| Amounts payable within one year | 42/48 | €29,313 | €62,328 | +€33,015 | +113% |
| Current portion of amounts payable after more than one year | 42 | €12,700 | €21,210 | +€8,510 | +67.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €928 | €243 | -€685 | -73.8% |
| Suppliers | 440/4 | €928 | €243 | -€685 | -73.8% |
| Taxes, remuneration and social security | 45 | €15,684 | €36,313 | +€20,629 | +132% |
| Taxes | 450/3 | €13,184 | €33,313 | +€20,129 | +153% |
| Remuneration and social security | 454/9 | €2,500 | €3,000 | +€500 | +20.0% |
| Other amounts payable | 47/48 | - | €4,562 | +€4,562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,075 | €22,018 | +€4,943 | +28.9% |
| Other operating charges | 640/8 | €1,997 | €2,357 | +€360 | +18.0% |
| Gross operating margin | 9900 | €139,966 | €274,451 | +€134,485 | +96.1% |
| Operating profit (loss) | 9901 | €120,894 | €250,076 | +€129,182 | +107% |
| Financial income | 75/76B | €3,452 | €4,295 | +€844 | +24.4% |
| Recurring financial income | 75 | €3,452 | €4,295 | +€844 | +24.4% |
| Financial charges | 65/66B | €3,896 | €3,369 | -€527 | -13.5% |
| Recurring financial charges | 65 | €3,896 | €3,369 | -€527 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €120,449 | €251,002 | +€130,553 | +108% |
| Income taxes | 67/77 | €34,258 | €75,927 | +€41,668 | +122% |
| Profit (loss) for the period | 9904 | €86,191 | €175,075 | +€88,885 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €86,191 | €175,075 | +€88,885 | +103% |
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 14 October 2026 via checked.be.