SENNAC BELGIE: 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 BELGIE
Largest movements
- Current investments +€125,527
up €125,527 (+51.5%), from €243,915 to €369,442
- Cash +€42,159
up €42,159 (+173%), from €24,363 to €66,522
mainly Net result for the year (+€135,815) and Tax, wage and social debts (+€19,196)
- Receivables within one year -€10,703
down €10,703 (-15.8%), from €67,658 to €56,955
- Tangible fixed assets -€9,972
down €9,972 (-32.9%), from €30,354 to €20,382
- Reserves +€135,800
up €135,800 (+43.6%), from €311,630 to €447,430
- Tax, wage and social debts +€19,196
up €19,196 (+112%), from €17,202 to €36,398
of which Taxes: +€19,172
- Other debts -€6,889
down €6,889 (-41.9%), from €16,423 to €9,534
- Gross operating margin +€51,837
up €51,837 (+34.6%), from €149,678 to €201,515
- Taxes +€17,520
up €17,520 (+42.5%), from €41,249 to €58,769
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 | €367,408 | €513,571 | +€146,163 | +39.8% |
| Fixed assets | 21/28 | €30,354 | €20,382 | -€9,972 | -32.9% |
| Tangible fixed assets | 22/27 | €30,354 | €20,382 | -€9,972 | -32.9% |
| Furniture and vehicles | 24 | €30,354 | €20,382 | -€9,972 | -32.9% |
| Current assets | 29/58 | €337,053 | €493,189 | +€156,135 | +46.3% |
| Amounts receivable within one year | 40/41 | €67,658 | €56,955 | -€10,703 | -15.8% |
| Trade receivables | 40 | €67,658 | €56,955 | -€10,703 | -15.8% |
| Current investments | 50/53 | €243,915 | €369,442 | +€125,527 | +51.5% |
| Cash at bank and in hand | 54/58 | €24,363 | €66,522 | +€42,159 | +173% |
| Deferred charges and accrued income | 490/1 | €1,117 | €270 | -€848 | -75.9% |
| Total equity and liabilities | 10/49 | €367,408 | €513,571 | +€146,163 | +39.8% |
| Equity | 10/15 | €330,400 | €466,215 | +€135,815 | +41.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €311,630 | €447,430 | +€135,800 | +43.6% |
| Distributable reserves | 133 | €311,630 | €447,430 | +€135,800 | +43.6% |
| Profit (loss) carried forward | 14 | €178 | €193 | +€15 | +8.3% |
| Amounts payable | 17/49 | €37,007 | €47,356 | +€10,348 | +28.0% |
| Amounts payable within one year | 42/48 | €36,832 | €47,181 | +€10,348 | +28.1% |
| Trade debts | 44 | €3,207 | €1,249 | -€1,958 | -61.1% |
| Suppliers | 440/4 | €3,207 | €1,249 | -€1,958 | -61.1% |
| Taxes, remuneration and social security | 45 | €17,202 | €36,398 | +€19,196 | +112% |
| Taxes | 450/3 | €14,724 | €33,897 | +€19,172 | +130% |
| Remuneration and social security | 454/9 | €2,478 | €2,501 | +€24 | +1.0% |
| Other amounts payable | 47/48 | €16,423 | €9,534 | -€6,889 | -41.9% |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,955 | €9,972 | -€983 | -9.0% |
| Other operating charges | 640/8 | €451 | €527 | +€76 | +16.9% |
| Gross operating margin | 9900 | €149,678 | €201,515 | +€51,837 | +34.6% |
| Operating profit (loss) | 9901 | €138,272 | €191,015 | +€52,744 | +38.1% |
| Financial income | 75/76B | €2,359 | €4,217 | +€1,858 | +78.8% |
| Recurring financial income | 75 | €2,359 | €4,217 | +€1,858 | +78.8% |
| Financial charges | 65/66B | €48 | €649 | +€601 | +1,264% |
| Recurring financial charges | 65 | €48 | €649 | +€601 | +1,264% |
| Profit (loss) for the period before taxes | 9903 | €140,583 | €194,584 | +€54,001 | +38.4% |
| Income taxes | 67/77 | €41,249 | €58,769 | +€17,520 | +42.5% |
| Profit (loss) for the period | 9904 | €99,333 | €135,815 | +€36,481 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €99,333 | €135,815 | +€36,481 | +36.7% |
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 30 October 2026 via checked.be.