SENMAR: what changed
Two fiscal 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.
SENMAR
Largest movements
- Cash -€11,753
down €11,753 (-92.8%), from €12,670 to €917
mainly Net result for the year (-€17,716) and Current portion of long-term debt (-€5,534)
- Deferred charges and accrued income -€3,947
down €3,947 (-36.6%), from €10,774 to €6,828
- Tangible fixed assets -€2,765
down €2,765 (-33.1%), from €8,347 to €5,582
of which Plant, machinery and equipment: -€2,765
- Receivables after one year -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Receivables within one year -€1,020
down €1,020 (-3.8%), from €26,967 to €25,947
of which Other amounts receivable: -€1,847
- Profit (loss) carried forward -€17,716
down €17,716 (-170.7%), from -€10,381 to -€28,097
- Current portion of long-term debt -€5,534
down €5,534 (-100.0%), from €5,534 to €0
- Tax, wage and social debts +€1,538
up €1,538 (+123.6%), from €1,244 to €2,782
- Gross operating margin -€15,209
down €15,209, from €6,978 to -€8,232
- Taxes -€1,852
down €1,852 (-82.5%), from €2,244 to €392
- Financial charges +€1,313
up €1,313 (+65.2%), from €2,014 to €3,327
- Other operating charges -€478
down €478 (-35.5%), from €1,345 to €867
- Depreciation +€402
up €402 (+17.0%), from €2,363 to €2,765
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 | €61,258 | €39,273 | -€21,985 | -35.9% |
| Fixed assets | 21/28 | €8,347 | €5,582 | -€2,765 | -33.1% |
| Tangible fixed assets | 22/27 | €8,347 | €5,582 | -€2,765 | -33.1% |
| Plant, machinery and equipment | 23 | €8,347 | €5,582 | -€2,765 | -33.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €52,911 | €33,691 | -€19,221 | -36.3% |
| Amounts receivable after more than one year | 29 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts receivable | 291 | €2,500 | €0 | -€2,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,967 | €25,947 | -€1,020 | -3.8% |
| Trade receivables | 40 | €16,804 | €17,631 | +€827 | +4.9% |
| Other amounts receivable | 41 | €10,163 | €8,315 | -€1,847 | -18.2% |
| Cash at bank and in hand | 54/58 | €12,670 | €917 | -€11,753 | -92.8% |
| Deferred charges and accrued income | 490/1 | €10,774 | €6,828 | -€3,947 | -36.6% |
| Total equity and liabilities | 10/49 | €61,258 | €39,273 | -€21,985 | -35.9% |
| Equity | 10/15 | €52,019 | €34,303 | -€17,716 | -34.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €61,900 | €61,900 | = | 0.0% |
| Distributable reserves | 133 | €61,900 | €61,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,381 | -€28,097 | -€17,716 | -170.7% |
| Amounts payable | 17/49 | €9,240 | €4,970 | -€4,269 | -46.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €9,239 | €4,732 | -€4,508 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €5,534 | €0 | -€5,534 | -100.0% |
| Trade debts | 44 | €2,461 | €1,950 | -€511 | -20.8% |
| Suppliers | 440/4 | €2,461 | €1,950 | -€511 | -20.8% |
| Taxes, remuneration and social security | 45 | €1,244 | €2,782 | +€1,538 | +123.6% |
| Taxes | 450/3 | €1,244 | €2,782 | +€1,538 | +123.6% |
| Accrued charges and deferred income | 492/3 | €0 | €239 | +€238 | +76864.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,363 | €2,765 | +€402 | +17.0% |
| Other operating charges | 640/8 | €1,345 | €867 | -€478 | -35.5% |
| Non-recurring operating charges | 66A | €1,166 | €2,500 | +€1,334 | +114.3% |
| Gross operating margin | 9900 | €6,978 | -€8,232 | -€15,209 | |
| Operating profit (loss) | 9901 | €2,103 | -€14,364 | -€16,467 | |
| Financial income | 75/76B | €467 | €367 | -€100 | -21.5% |
| Recurring financial income | 75 | €467 | €367 | -€100 | -21.5% |
| Financial charges | 65/66B | €2,014 | €3,327 | +€1,313 | +65.2% |
| Recurring financial charges | 65 | €2,014 | €3,327 | +€1,313 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €556 | -€17,324 | -€17,880 | |
| Income taxes | 67/77 | €2,244 | €392 | -€1,852 | -82.5% |
| Profit (loss) for the period | 9904 | -€1,688 | -€17,716 | -€16,028 | -949.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,688 | -€17,716 | -€16,028 | -949.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.