SENS: 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.
SENS
Largest movements
- Tangible fixed assets -€45,655
down €45,655 (-21.1%), from €216,003 to €170,348
of which Furniture and vehicles: -€37,637
- Deferred charges and accrued income +€14,609
up €14,609 (+5178.0%), from €282 to €14,891
- Cash +€8,363
up €8,363 (+22.2%), from €37,653 to €46,016
mainly Investment in fixed assets (net) (+€22,922) and Depreciation (+€22,733)
- Other debts -€23,575
down €23,575 (-58.5%), from €40,300 to €16,725
- Accrued charges and deferred income +€14,570
new in 2025: €14,570
- Tax, wage and social debts -€8,812
down €8,812 (-66.5%), from €13,254 to €4,442
- Reserves -€3,254
down €3,254 (-1.7%), from €186,336 to €183,082
of which Distributable reserves: -€3,254
- Gross operating margin -€12,992
down €12,992 (-27.1%), from €47,883 to €34,891
- Depreciation +€6,316
up €6,316 (+38.5%), from €16,418 to €22,733
- Taxes -€6,177
down €6,177 (-51.8%), from €11,922 to €5,745
- Other operating charges -€2,093
down €2,093 (-76.9%), from €2,721 to €628
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 | €259,031 | €238,283 | -€20,748 | -8.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €216,003 | €170,348 | -€45,655 | -21.1% |
| Tangible fixed assets | 22/27 | €216,003 | €170,348 | -€45,655 | -21.1% |
| Land and buildings | 22 | €119,299 | €112,101 | -€7,197 | -6.0% |
| Plant, machinery and equipment | 23 | €1,746 | €1,571 | -€175 | -10.0% |
| Furniture and vehicles | 24 | €91,727 | €54,091 | -€37,637 | -41.0% |
| Other tangible fixed assets | 26 | €3,231 | €2,585 | -€646 | -20.0% |
| Current assets | 29/58 | €43,028 | €67,935 | +€24,908 | +57.9% |
| Amounts receivable within one year | 40/41 | €5,092 | €7,028 | +€1,936 | +38.0% |
| Trade receivables | 40 | €5,016 | €6,895 | +€1,879 | +37.5% |
| Other amounts receivable | 41 | €76 | €133 | +€57 | +74.6% |
| Cash at bank and in hand | 54/58 | €37,653 | €46,016 | +€8,363 | +22.2% |
| Deferred charges and accrued income | 490/1 | €282 | €14,891 | +€14,609 | +5178.0% |
| Total equity and liabilities | 10/49 | €259,031 | €238,283 | -€20,748 | -8.0% |
| Equity | 10/15 | €204,936 | €201,682 | -€3,254 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,336 | €183,082 | -€3,254 | -1.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €185,086 | €181,832 | -€3,254 | -1.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,095 | €36,601 | -€17,493 | -32.3% |
| Amounts payable within one year | 42/48 | €54,095 | €22,031 | -€32,064 | -59.3% |
| Trade debts | 44 | €541 | €864 | +€323 | +59.7% |
| Suppliers | 440/4 | €541 | €864 | +€323 | +59.7% |
| Taxes, remuneration and social security | 45 | €13,254 | €4,442 | -€8,812 | -66.5% |
| Taxes | 450/3 | €13,254 | €4,442 | -€8,812 | -66.5% |
| Other amounts payable | 47/48 | €40,300 | €16,725 | -€23,575 | -58.5% |
| Accrued charges and deferred income | 492/3 | - | €14,570 | +€14,570 | |
| Non-recurring operating income | 76A | €17,109 | €6,490 | -€10,619 | -62.1% |
| Remuneration, social security and pensions | 62 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,418 | €22,733 | +€6,316 | +38.5% |
| Other operating charges | 640/8 | €2,721 | €628 | -€2,093 | -76.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €47,883 | €34,891 | -€12,992 | -27.1% |
| Operating profit (loss) | 9901 | €28,744 | €11,142 | -€17,602 | -61.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €268 | €212 | -€56 | -21.0% |
| Recurring financial charges | 65 | €268 | €212 | -€56 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €28,476 | €10,931 | -€17,546 | -61.6% |
| Income taxes | 67/77 | €11,922 | €5,745 | -€6,177 | -51.8% |
| Profit (loss) for the period | 9904 | €16,554 | €5,186 | -€11,369 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,554 | €5,186 | -€11,369 | -68.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.