SENNAC: 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.
SENNAC
Largest movements
- Receivables within one year -€417,392
down €417,392 (-8.0%), from €5.2m to €4.8m
of which Trade receivables: -€532,543
- Cash -€416,248
down €416,248 (-40.8%), from €1.0m to €603,464
mainly Other debts (-€795,761) and Investment in fixed assets (net) (-€54,285)
- Other debts -€795,761
down €795,761 (-12.7%), from €6.3m to €5.5m
- Financial income -€4.0m
down €4.0m (-97.9%), from €4.1m to €85,345
- Taxes -€110,268
down €110,268, from €63,285 to -€46,983
- Financial charges -€9,863
down €9,863 (-14.2%), from €69,535 to €59,672
- Gross operating margin +€3,235
up €3,235 (+830%), from €390 to €3,625
- Other operating charges -€1,054
down €1,054 (-48.3%), from €2,180 to €1,126
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 | €15,976,608 | €15,247,228 | -€729,380 | -4.6% |
| Fixed assets | 21/28 | €6,612,905 | €6,666,912 | +€54,006 | +0.8% |
| Intangible fixed assets | 21 | - | €2,077 | +€2,077 | |
| Tangible fixed assets | 22/27 | €27,397 | €54,793 | +€27,397 | +100% |
| Furniture and vehicles | 24 | - | €54,793 | +€54,793 | |
| Assets under construction and advance payments | 27 | €27,397 | €0 | -€27,397 | -100% |
| Financial fixed assets | 28 | €6,585,508 | €6,610,041 | +€24,533 | +0.4% |
| Current assets | 29/58 | €9,363,703 | €8,580,317 | -€783,387 | -8.4% |
| Amounts receivable after more than one year | 29 | €3,090,971 | €3,121,224 | +€30,252 | +1.0% |
| Trade receivables | 290 | €3,090,971 | €3,111,781 | +€20,810 | +0.7% |
| Other amounts receivable | 291 | - | €9,443 | +€9,443 | |
| Amounts receivable within one year | 40/41 | €5,246,548 | €4,829,156 | -€417,392 | -8.0% |
| Trade receivables | 40 | €532,543 | €0 | -€532,543 | -100% |
| Other amounts receivable | 41 | €4,714,005 | €4,829,156 | +€115,151 | +2.4% |
| Cash at bank and in hand | 54/58 | €1,019,712 | €603,464 | -€416,248 | -40.8% |
| Deferred charges and accrued income | 490/1 | €6,472 | €26,472 | +€20,000 | +309% |
| Total equity and liabilities | 10/49 | €15,976,608 | €15,247,228 | -€729,380 | -4.6% |
| Equity | 10/15 | €9,563,908 | €9,638,783 | +€74,876 | +0.8% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,545,908 | €9,620,783 | +€74,876 | +0.8% |
| Amounts payable | 17/49 | €6,412,701 | €5,608,445 | -€804,256 | -12.5% |
| Amounts payable within one year | 42/48 | €6,412,701 | €5,608,445 | -€804,256 | -12.5% |
| Trade debts | 44 | €127,134 | €127,743 | +€609 | +0.5% |
| Suppliers | 440/4 | €127,134 | €127,743 | +€609 | +0.5% |
| Taxes, remuneration and social security | 45 | €9,104 | €0 | -€9,104 | -100% |
| Taxes | 450/3 | €2,603 | €0 | -€2,603 | -100% |
| Remuneration and social security | 454/9 | €6,500 | €0 | -€6,500 | -100% |
| Other amounts payable | 47/48 | €6,276,463 | €5,480,702 | -€795,761 | -12.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €279 | +€279 | |
| Other operating charges | 640/8 | €2,180 | €1,126 | -€1,054 | -48.3% |
| Gross operating margin | 9900 | €390 | €3,625 | +€3,235 | +830% |
| Operating profit (loss) | 9901 | -€1,790 | €2,220 | +€4,010 | |
| Financial income | 75/76B | €4,084,532 | €85,345 | -€4.0m | -97.9% |
| Recurring financial income | 75 | €4,084,532 | €85,345 | -€4.0m | -97.9% |
| Financial charges | 65/66B | €69,535 | €59,672 | -€9,863 | -14.2% |
| Recurring financial charges | 65 | €69,535 | €59,672 | -€9,863 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €4,013,206 | €27,893 | -€4.0m | -99.3% |
| Income taxes | 67/77 | €63,285 | -€46,983 | -€110,268 | |
| Profit (loss) for the period | 9904 | €3,949,921 | €74,876 | -€3.9m | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,949,921 | €74,876 | -€3.9m | -98.1% |
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 17 October 2026 via checked.be.