SENPIC: 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.
SENPIC
Largest movements
- Tangible fixed assets -€39,516
down €39,516 (-10.3%), from €382,477 to €342,960
of which Land and buildings: -€27,684
- Cash -€34,921
down €34,921 (-97.8%), from €35,718 to €797
mainly Debts after one year (-€92,675) and Net result for the year (-€11,856)
- Receivables within one year -€30,287
down €30,287 (-15.6%), from €194,311 to €164,024
of which Other amounts receivable: -€24,448
- Debts after one year -€92,675
down €92,675 (-23.0%), from €402,844 to €310,169
- Profit (loss) carried forward -€11,856
down €11,856 (-1.9%), from -€619,132 to -€630,988
- Gross operating margin -€36,714
down €36,714 (-53.1%), from €69,130 to €32,416
- Depreciation +€31,135
up €31,135 (+298.1%), from €10,446 to €41,581
- Financial charges -€5,401
down €5,401 (-67.3%), from €8,031 to €2,630
- Other operating charges -€5,383
down €5,383 (-73.4%), from €7,334 to €1,951
- Financial income +€1,263
up €1,263 (+250.1%), from €505 to €1,769
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.
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 | €690,349 | €587,072 | -€103,277 | -15.0% |
| Fixed assets | 21/28 | €383,485 | €343,969 | -€39,516 | -10.3% |
| Tangible fixed assets | 22/27 | €382,477 | €342,960 | -€39,516 | -10.3% |
| Land and buildings | 22 | €324,153 | €296,469 | -€27,684 | -8.5% |
| Plant, machinery and equipment | 23 | €8,823 | €6,514 | -€2,309 | -26.2% |
| Furniture and vehicles | 24 | €49,501 | €39,977 | -€9,524 | -19.2% |
| Financial fixed assets | 28 | €1,008 | €1,008 | = | 0.0% |
| Current assets | 29/58 | €306,864 | €243,103 | -€63,761 | -20.8% |
| Stocks and contracts in progress | 3 | €76,185 | €76,185 | = | 0.0% |
| Stocks | 30/36 | €76,185 | €76,185 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €194,311 | €164,024 | -€30,287 | -15.6% |
| Trade receivables | 40 | €147,202 | €141,362 | -€5,839 | -4.0% |
| Other amounts receivable | 41 | €47,109 | €22,662 | -€24,448 | -51.9% |
| Cash at bank and in hand | 54/58 | €35,718 | €797 | -€34,921 | -97.8% |
| Deferred charges and accrued income | 490/1 | €650 | €2,098 | +€1,448 | +222.8% |
| Total equity and liabilities | 10/49 | €690,349 | €587,072 | -€103,277 | -15.0% |
| Equity | 10/15 | €241,161 | €229,304 | -€11,856 | -4.9% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Revaluation surpluses | 12 | €440,255 | €440,255 | = | 0.0% |
| Reserves | 13 | €37 | €37 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37 | €37 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37 | €37 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€619,132 | -€630,988 | -€11,856 | -1.9% |
| Amounts payable | 17/49 | €449,189 | €357,768 | -€91,421 | -20.4% |
| Amounts payable after more than one year | 17 | €402,844 | €310,169 | -€92,675 | -23.0% |
| Financial debts | 170/4 | €402,844 | €310,169 | -€92,675 | -23.0% |
| Amounts payable within one year | 42/48 | €46,345 | €47,599 | +€1,255 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €13,840 | €14,374 | +€533 | +3.9% |
| Trade debts | 44 | €20,373 | €15,705 | -€4,668 | -22.9% |
| Suppliers | 440/4 | €20,373 | €15,705 | -€4,668 | -22.9% |
| Taxes, remuneration and social security | 45 | €281 | €4,088 | +€3,806 | +1353.9% |
| Taxes | 450/3 | €281 | €4,088 | +€3,806 | +1353.9% |
| Other amounts payable | 47/48 | €11,850 | €13,433 | +€1,583 | +13.4% |
| Non-recurring operating income | 76A | €72,243 | - | -€72,243 | |
| Remuneration, social security and pensions | 62 | €644 | -€54 | -€698 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,446 | €41,581 | +€31,135 | +298.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,334 | €1,951 | -€5,383 | -73.4% |
| Gross operating margin | 9900 | €69,130 | €32,416 | -€36,714 | -53.1% |
| Operating profit (loss) | 9901 | €50,707 | -€11,061 | -€61,768 | |
| Financial income | 75/76B | €505 | €1,769 | +€1,263 | +250.1% |
| Recurring financial income | 75 | €505 | €1,769 | +€1,263 | +250.1% |
| Financial charges | 65/66B | €8,031 | €2,630 | -€5,401 | -67.3% |
| Recurring financial charges | 65 | €8,031 | €2,630 | -€5,401 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €43,180 | -€11,923 | -€55,103 | |
| Income taxes | 67/77 | €48 | -€66 | -€114 | |
| Profit (loss) for the period | 9904 | €43,133 | -€11,856 | -€54,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,133 | -€11,856 | -€54,989 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.