SENOVA: 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.
SENOVA
Largest movements
- Receivables within one year -€7,520
down €7,520 (-41.2%), from €18,273 to €10,754
of which Trade receivables: -€7,406
- Cash -€4,270
down €4,270 (-12.5%), from €34,076 to €29,806
mainly Other debts (-€14,885) and Trade debts (-€11,340)
- Tangible fixed assets -€4,205
down €4,205 (-20.8%), from €20,172 to €15,967
of which Leasing and similar rights: -€6,151
- Deferred charges and accrued income +€2,448
new in 2024: €2,448
- Financial fixed assets +€2,250
new in 2024: €2,250
- Profit (loss) carried forward +€23,087
up €23,087 (+87.1%), from -€26,495 to -€3,407
- Other debts -€14,885
down €14,885 (-41.8%), from €35,642 to €20,757
- Trade debts -€11,340
down €11,340 (-73.7%), from €15,381 to €4,042
- Debts after one year -€5,187
down €5,187 (-44.2%), from €11,744 to €6,557
- Tax, wage and social debts -€1,924
down €1,924 (-11.9%), from €16,218 to €14,294
of which Taxes: -€5,706
- Gross operating margin +€29,927
up €29,927 (+48.4%), from €61,772 to €91,699
- Staff costs -€13,393
down €13,393 (-22.3%), from €59,994 to €46,601
- Taxes +€5,924
up €5,924 (+1,262%), from €469 to €6,394
- Financial charges +€2,561
up €2,561 (+83.4%), from €3,069 to €5,630
- Other operating charges -€2,041
down €2,041 (-35.0%), from €5,824 to €3,783
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,762 | €69,565 | -€10,197 | -12.8% |
| Fixed assets | 21/28 | €20,172 | €18,217 | -€1,955 | -9.7% |
| Tangible fixed assets | 22/27 | €20,172 | €15,967 | -€4,205 | -20.8% |
| Plant, machinery and equipment | 23 | - | €1,946 | +€1,946 | |
| Leasing and similar rights | 25 | €20,172 | €14,021 | -€6,151 | -30.5% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €59,590 | €51,348 | -€8,242 | -13.8% |
| Stocks and contracts in progress | 3 | €7,240 | €8,340 | +€1,100 | +15.2% |
| Stocks | 30/36 | €7,240 | €8,340 | +€1,100 | +15.2% |
| Amounts receivable within one year | 40/41 | €18,273 | €10,754 | -€7,520 | -41.2% |
| Trade receivables | 40 | €18,104 | €10,699 | -€7,406 | -40.9% |
| Other amounts receivable | 41 | €169 | €55 | -€114 | -67.4% |
| Cash at bank and in hand | 54/58 | €34,076 | €29,806 | -€4,270 | -12.5% |
| Deferred charges and accrued income | 490/1 | - | €2,448 | +€2,448 | |
| Total equity and liabilities | 10/49 | €79,762 | €69,565 | -€10,197 | -12.8% |
| Equity | 10/15 | -€4,359 | €18,729 | +€23,087 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,544 | €3,544 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,685 | €1,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,495 | -€3,407 | +€23,087 | +87.1% |
| Amounts payable | 17/49 | €84,120 | €50,836 | -€33,284 | -39.6% |
| Amounts payable after more than one year | 17 | €11,744 | €6,557 | -€5,187 | -44.2% |
| Financial debts | 170/4 | €11,744 | €6,557 | -€5,187 | -44.2% |
| Amounts payable within one year | 42/48 | €72,377 | €44,280 | -€28,097 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €5,136 | €5,187 | +€51 | +1.0% |
| Trade debts | 44 | €15,381 | €4,042 | -€11,340 | -73.7% |
| Suppliers | 440/4 | €15,381 | €4,042 | -€11,340 | -73.7% |
| Taxes, remuneration and social security | 45 | €16,218 | €14,294 | -€1,924 | -11.9% |
| Taxes | 450/3 | €12,272 | €6,566 | -€5,706 | -46.5% |
| Remuneration and social security | 454/9 | €3,946 | €7,728 | +€3,783 | +95.9% |
| Other amounts payable | 47/48 | €35,642 | €20,757 | -€14,885 | -41.8% |
| Remuneration, social security and pensions | 62 | €59,994 | €46,601 | -€13,393 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,301 | €6,205 | -€96 | -1.5% |
| Other operating charges | 640/8 | €5,824 | €3,783 | -€2,041 | -35.0% |
| Gross operating margin | 9900 | €61,772 | €91,699 | +€29,927 | +48.4% |
| Operating profit (loss) | 9901 | -€10,346 | €35,111 | +€45,457 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -82.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -82.3% |
| Financial charges | 65/66B | €3,069 | €5,630 | +€2,561 | +83.4% |
| Recurring financial charges | 65 | €3,069 | €5,630 | +€2,561 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,413 | €29,481 | +€42,894 | |
| Income taxes | 67/77 | €469 | €6,394 | +€5,924 | +1,262% |
| Profit (loss) for the period | 9904 | -€13,883 | €23,087 | +€36,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,883 | €23,087 | +€36,970 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.