SENNHEISER BELUX: 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.
SENNHEISER BELUX
Largest movements
- Deferred charges and accrued income +€116,028
new in 2025: €116,028
- Receivables within one year -€80,625
down €80,625 (-6.2%), from €1.3m to €1.2m
of which Other amounts receivable: -€387,579
- Tangible fixed assets -€44,292
down €44,292 (-19.6%), from €225,956 to €181,664
of which Furniture and vehicles: -€24,150
- Tax, wage and social debts -€91,286
down €91,286 (-16.5%), from €553,221 to €461,935
of which Taxes: -€69,484
- Profit (loss) carried forward +€66,220
up €66,220 (+35.3%), from €187,567 to €253,787
- Trade debts +€16,799
up €16,799 (+3.2%), from €518,560 to €535,359
- Turnover -€5.5m
no longer reported in 2025 (was €5.5m)
- Purchases and services -€3.5m
no longer reported in 2025 (was €3.5m)
- Taxes -€62,754
down €62,754, from €59,543 to -€3,211
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,564,408 | €1,555,520 | -€8,888 | -0.6% |
| Fixed assets | 21/28 | €265,521 | €221,230 | -€44,291 | -16.7% |
| Tangible fixed assets | 22/27 | €225,956 | €181,664 | -€44,292 | -19.6% |
| Furniture and vehicles | 24 | €103,235 | €79,085 | -€24,150 | -23.4% |
| Other tangible fixed assets | 26 | €122,721 | €102,579 | -€20,142 | -16.4% |
| Financial fixed assets | 28 | €39,566 | €39,566 | +€0 | 0.0% |
| Current assets | 29/58 | €1,298,887 | €1,334,290 | +€35,403 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,298,887 | €1,218,262 | -€80,625 | -6.2% |
| Trade receivables | 40 | €878,269 | €1,185,223 | +€306,954 | +34.9% |
| Other amounts receivable | 41 | €420,618 | €33,039 | -€387,579 | -92.1% |
| Deferred charges and accrued income | 490/1 | - | €116,028 | +€116,028 | |
| Total equity and liabilities | 10/49 | €1,564,408 | €1,555,520 | -€8,888 | -0.6% |
| Equity | 10/15 | €352,567 | €418,787 | +€66,220 | +18.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,567 | €253,787 | +€66,220 | +35.3% |
| Provisions and deferred taxes | 16 | €14,139 | €20,427 | +€6,288 | +44.5% |
| Provisions for liabilities and charges | 160/5 | €14,139 | €20,427 | +€6,288 | +44.5% |
| Other liabilities and charges | 164/5 | €14,139 | €20,427 | +€6,288 | +44.5% |
| Amounts payable | 17/49 | €1,197,702 | €1,116,306 | -€81,396 | -6.8% |
| Amounts payable within one year | 42/48 | €1,171,780 | €1,089,534 | -€82,246 | -7.0% |
| Trade debts | 44 | €518,560 | €535,359 | +€16,799 | +3.2% |
| Suppliers | 440/4 | €518,560 | €535,359 | +€16,799 | +3.2% |
| Taxes, remuneration and social security | 45 | €553,221 | €461,935 | -€91,286 | -16.5% |
| Taxes | 450/3 | €127,597 | €58,113 | -€69,484 | -54.5% |
| Remuneration and social security | 454/9 | €425,624 | €403,822 | -€21,802 | -5.1% |
| Other amounts payable | 47/48 | €100,000 | €92,240 | -€7,760 | -7.8% |
| Accrued charges and deferred income | 492/3 | €25,921 | €26,772 | +€851 | +3.3% |
| Turnover | 70 | €5,522,953 | - | -€5.5m | |
| Non-recurring operating income | 76A | - | €403,221 | +€403,221 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,466,408 | - | -€3.5m | |
| Remuneration, social security and pensions | 62 | €2,338,309 | €2,316,519 | -€21,790 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,813 | €44,291 | -€522 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,261 | €5,816 | +€1,555 | +36.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€37,787 | €1,971 | +€39,758 | |
| Other operating charges | 640/8 | €6,873 | €998 | -€5,875 | -85.5% |
| Non-recurring operating charges | 66A | €1,559 | €4,884 | +€3,325 | +213% |
| Gross operating margin | 9900 | €2,498,161 | €2,466,566 | -€31,595 | -1.3% |
| Operating profit (loss) | 9901 | €140,133 | €92,087 | -€48,046 | -34.3% |
| Financial income | 75/76B | €28,130 | €5,836 | -€22,294 | -79.3% |
| Recurring financial income | 75 | €28,130 | €5,836 | -€22,294 | -79.3% |
| Financial charges | 65/66B | €26,383 | €34,914 | +€8,531 | +32.3% |
| Recurring financial charges | 65 | €26,383 | €34,914 | +€8,531 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €141,880 | €63,009 | -€78,871 | -55.6% |
| Income taxes | 67/77 | €59,543 | -€3,211 | -€62,754 | |
| Profit (loss) for the period | 9904 | €82,337 | €66,220 | -€16,117 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,337 | €66,220 | -€16,117 | -19.6% |
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.