SeNoCon: 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.
SeNoCon
Largest movements
- Cash +€59,152
up €59,152 (+314.0%), from €18,839 to €77,991
mainly Net result for the year (+€48,544) and Accrued charges and deferred income (+€12,500)
- Tangible fixed assets -€6,515
down €6,515 (-16.4%), from €39,640 to €33,125
of which Leasing and similar rights: -€8,148
- Receivables within one year +€2,142
up €2,142 (+22.7%), from €9,436 to €11,577
- Reserves +€46,744
up €46,744 (+661.8%), from €7,063 to €53,807
- Accrued charges and deferred income +€12,500
new in 2025: €12,500
- Debts after one year -€10,656
down €10,656 (-41.6%), from €25,622 to €14,966
- Tax, wage and social debts +€5,442
up €5,442 (+44.8%), from €12,137 to €17,579
of which Taxes: +€5,442
- Other debts +€1,261
up €1,261 (+14.3%), from €8,818 to €10,080
- Gross operating margin +€56,249
up €56,249 (+335.4%), from €16,769 to €73,019
- Taxes +€10,308
up €10,308 (+387.1%), from €2,663 to €12,972
- Depreciation +€5,325
up €5,325 (+153.1%), from €3,479 to €8,804
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 | €68,886 | €124,588 | +€55,703 | +80.9% |
| Fixed assets | 21/28 | €39,640 | €33,125 | -€6,515 | -16.4% |
| Tangible fixed assets | 22/27 | €39,640 | €33,125 | -€6,515 | -16.4% |
| Plant, machinery and equipment | 23 | - | €998 | +€998 | |
| Furniture and vehicles | 24 | €2,358 | €2,994 | +€636 | +27.0% |
| Leasing and similar rights | 25 | €37,282 | €29,133 | -€8,148 | -21.9% |
| Current assets | 29/58 | €29,246 | €91,463 | +€62,217 | +212.7% |
| Amounts receivable within one year | 40/41 | €9,436 | €11,577 | +€2,142 | +22.7% |
| Trade receivables | 40 | €9,436 | €11,577 | +€2,142 | +22.7% |
| Cash at bank and in hand | 54/58 | €18,839 | €77,991 | +€59,152 | +314.0% |
| Deferred charges and accrued income | 490/1 | €971 | €1,895 | +€924 | +95.2% |
| Total equity and liabilities | 10/49 | €68,886 | €124,588 | +€55,703 | +80.9% |
| Equity | 10/15 | €12,063 | €58,807 | +€46,744 | +387.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,063 | €53,807 | +€46,744 | +661.8% |
| Distributable reserves | 133 | €7,063 | €53,807 | +€46,744 | +661.8% |
| Amounts payable | 17/49 | €56,823 | €65,781 | +€8,958 | +15.8% |
| Amounts payable after more than one year | 17 | €25,622 | €14,966 | -€10,656 | -41.6% |
| Financial debts | 170/4 | €25,622 | €14,966 | -€10,656 | -41.6% |
| Amounts payable within one year | 42/48 | €31,201 | €38,315 | +€7,114 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €10,192 | €10,656 | +€464 | +4.6% |
| Trade debts | 44 | €53 | - | -€53 | |
| Suppliers | 440/4 | €53 | - | -€53 | |
| Taxes, remuneration and social security | 45 | €12,137 | €17,579 | +€5,442 | +44.8% |
| Taxes | 450/3 | €10,137 | €15,579 | +€5,442 | +53.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €8,818 | €10,080 | +€1,261 | +14.3% |
| Accrued charges and deferred income | 492/3 | - | €12,500 | +€12,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,479 | €8,804 | +€5,325 | +153.1% |
| Other operating charges | 640/8 | €892 | €1,196 | +€303 | +34.0% |
| Gross operating margin | 9900 | €16,769 | €73,019 | +€56,249 | +335.4% |
| Operating profit (loss) | 9901 | €12,398 | €63,019 | +€50,621 | +408.3% |
| Financial income | 75/76B | €132 | €132 | -€0 | -0.3% |
| Recurring financial income | 75 | €132 | €132 | -€0 | -0.3% |
| Financial charges | 65/66B | €1,005 | €1,635 | +€631 | +62.8% |
| Recurring financial charges | 65 | €1,005 | €1,635 | +€631 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €11,526 | €61,516 | +€49,990 | +433.7% |
| Income taxes | 67/77 | €2,663 | €12,972 | +€10,308 | +387.1% |
| Profit (loss) for the period | 9904 | €8,863 | €48,544 | +€39,681 | +447.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,863 | €48,544 | +€39,681 | +447.7% |
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 7 October 2026 via checked.be.