SENRAKU: 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.
SENRAKU
Largest movements
- Cash -€3,535
down €3,535 (-62.6%), from €5,648 to €2,113
mainly Tax, wage and social debts (-€4,130) and Receivables within one year (-€894)
- Receivables within one year +€894
new in 2025: €894
- Deferred charges and accrued income +€770
up €770 (+225.5%), from €342 to €1,112
- Stocks and contracts +€587
up €587 (+54.1%), from €1,085 to €1,672
- Tax, wage and social debts -€4,130
down €4,130 (-15.0%), from €27,571 to €23,440
of which Taxes: -€4,214
- Trade debts +€1,354
up €1,354 (+28.7%), from €4,722 to €6,076
- Other debts +€1,213
up €1,213 (+4.5%), from €26,975 to €28,188
- Profit (loss) carried forward +€173
up €173 (+0.3%), from -€64,597 to -€64,424
- Gross operating margin -€3,041
down €3,041 (-8.8%), from €34,571 to €31,530
- Financial charges +€1,292
up €1,292 (+27.9%), from €4,635 to €5,927
- Other operating charges -€1,222
down €1,222 (-77.4%), from €1,578 to €356
- Staff costs -€572
down €572 (-2.3%), from €25,306 to €24,734
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 | €13,220 | €11,830 | -€1,390 | -10.5% |
| Fixed assets | 21/28 | €6,145 | €6,040 | -€105 | -1.7% |
| Tangible fixed assets | 22/27 | €105 | - | -€105 | |
| Furniture and vehicles | 24 | €105 | - | -€105 | |
| Financial fixed assets | 28 | €6,040 | €6,040 | = | 0.0% |
| Current assets | 29/58 | €7,075 | €5,790 | -€1,285 | -18.2% |
| Stocks and contracts in progress | 3 | €1,085 | €1,672 | +€587 | +54.1% |
| Stocks | 30/36 | €1,085 | €1,672 | +€587 | +54.1% |
| Amounts receivable within one year | 40/41 | - | €894 | +€894 | |
| Trade receivables | 40 | - | €894 | +€894 | |
| Cash at bank and in hand | 54/58 | €5,648 | €2,113 | -€3,535 | -62.6% |
| Deferred charges and accrued income | 490/1 | €342 | €1,112 | +€770 | +225.5% |
| Total equity and liabilities | 10/49 | €13,220 | €11,830 | -€1,390 | -10.5% |
| Equity | 10/15 | -€46,047 | -€45,874 | +€173 | +0.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,597 | -€64,424 | +€173 | +0.3% |
| Amounts payable | 17/49 | €59,267 | €57,704 | -€1,563 | -2.6% |
| Amounts payable within one year | 42/48 | €59,267 | €57,704 | -€1,563 | -2.6% |
| Trade debts | 44 | €4,722 | €6,076 | +€1,354 | +28.7% |
| Suppliers | 440/4 | €4,722 | €6,076 | +€1,354 | +28.7% |
| Taxes, remuneration and social security | 45 | €27,571 | €23,440 | -€4,130 | -15.0% |
| Taxes | 450/3 | €5,061 | €847 | -€4,214 | -83.3% |
| Remuneration and social security | 454/9 | €22,509 | €22,593 | +€84 | +0.4% |
| Other amounts payable | 47/48 | €26,975 | €28,188 | +€1,213 | +4.5% |
| Remuneration, social security and pensions | 62 | €25,306 | €24,734 | -€572 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €105 | -€53 | -33.7% |
| Other operating charges | 640/8 | €1,578 | €356 | -€1,222 | -77.4% |
| Gross operating margin | 9900 | €34,571 | €31,530 | -€3,041 | -8.8% |
| Operating profit (loss) | 9901 | €7,528 | €6,335 | -€1,193 | -15.9% |
| Financial income | 75/76B | €7 | €10 | +€3 | +41.2% |
| Recurring financial income | 75 | €7 | €10 | +€3 | +41.2% |
| Financial charges | 65/66B | €4,635 | €5,927 | +€1,292 | +27.9% |
| Recurring financial charges | 65 | €4,635 | €5,927 | +€1,292 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €2,899 | €417 | -€2,483 | -85.6% |
| Income taxes | 67/77 | €12 | €244 | +€232 | +1974.1% |
| Profit (loss) for the period | 9904 | €2,888 | €173 | -€2,714 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,888 | €173 | -€2,714 | -94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.