SENS: 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.
SENS
Largest movements
- Financial fixed assets -€375,000
down €375,000 (-100.0%), from €375,000 to €0
- Deferred charges and accrued income +€24,794
up €24,794 (+1250.4%), from €1,983 to €26,777
- Tangible fixed assets -€16,541
down €16,541 (-6.7%), from €248,450 to €231,909
of which Land and buildings: -€10,905
- Current portion of long-term debt -€274,689
down €274,689 (-95.5%), from €287,743 to €13,054
- Reserves -€64,807
down €64,807 (-13.8%), from €470,737 to €405,930
of which Distributable reserves: -€64,807
- Tax, wage and social debts -€17,978
down €17,978 (-74.9%), from €24,004 to €6,026
of which Taxes: -€14,287
- Debts after one year -€13,054
down €13,054 (-6.6%), from €196,933 to €183,879
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Gross operating margin -€12,556
down €12,556 (-11.0%), from €114,387 to €101,831
- Taxes -€7,443
down €7,443 (-31.0%), from €24,023 to €16,580
- Financial income -€1,716
down €1,716 (-32.9%), from €5,214 to €3,499
- Other operating charges +€1,257
up €1,257 (+44.2%), from €2,843 to €4,100
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 | €987,881 | €631,302 | -€356,580 | -36.1% |
| Fixed assets | 21/28 | €623,450 | €231,909 | -€391,541 | -62.8% |
| Tangible fixed assets | 22/27 | €248,450 | €231,909 | -€16,541 | -6.7% |
| Land and buildings | 22 | €241,961 | €231,055 | -€10,905 | -4.5% |
| Plant, machinery and equipment | 23 | €6,413 | €854 | -€5,559 | -86.7% |
| Furniture and vehicles | 24 | €77 | €0 | -€77 | -100.0% |
| Financial fixed assets | 28 | €375,000 | €0 | -€375,000 | -100.0% |
| Current assets | 29/58 | €364,431 | €399,392 | +€34,961 | +9.6% |
| Amounts receivable within one year | 40/41 | €41,558 | €49,858 | +€8,299 | +20.0% |
| Trade receivables | 40 | €0 | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €41,558 | €46,858 | +€5,299 | +12.8% |
| Cash at bank and in hand | 54/58 | €320,890 | €322,758 | +€1,867 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,983 | €26,777 | +€24,794 | +1250.4% |
| Total equity and liabilities | 10/49 | €987,881 | €631,302 | -€356,580 | -36.1% |
| Equity | 10/15 | €476,937 | €424,530 | -€52,407 | -11.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €470,737 | €405,930 | -€64,807 | -13.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €470,737 | €405,930 | -€64,807 | -13.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €510,944 | €206,771 | -€304,173 | -59.5% |
| Amounts payable after more than one year | 17 | €196,933 | €183,879 | -€13,054 | -6.6% |
| Financial debts | 170/4 | €196,933 | €183,879 | -€13,054 | -6.6% |
| Amounts payable within one year | 42/48 | €314,011 | €22,892 | -€291,119 | -92.7% |
| Current portion of amounts payable after more than one year | 42 | €287,743 | €13,054 | -€274,689 | -95.5% |
| Trade debts | 44 | €1,539 | €2,037 | +€498 | +32.4% |
| Suppliers | 440/4 | €1,539 | €2,037 | +€498 | +32.4% |
| Advances received on contracts in progress | 46 | €725 | €1,775 | +€1,050 | +144.8% |
| Taxes, remuneration and social security | 45 | €24,004 | €6,026 | -€17,978 | -74.9% |
| Taxes | 450/3 | €20,313 | €6,026 | -€14,287 | -70.3% |
| Remuneration and social security | 454/9 | €3,691 | €0 | -€3,691 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,303 | €16,541 | -€762 | -4.4% |
| Other operating charges | 640/8 | €2,843 | €4,100 | +€1,257 | +44.2% |
| Gross operating margin | 9900 | €114,387 | €101,831 | -€12,556 | -11.0% |
| Operating profit (loss) | 9901 | €94,241 | €81,190 | -€13,051 | -13.8% |
| Financial income | 75/76B | €5,214 | €3,499 | -€1,716 | -32.9% |
| Recurring financial income | 75 | €5,214 | €3,499 | -€1,716 | -32.9% |
| Financial charges | 65/66B | €6,004 | €5,626 | -€378 | -6.3% |
| Recurring financial charges | 65 | €6,004 | €5,626 | -€378 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €93,451 | €79,062 | -€14,389 | -15.4% |
| Income taxes | 67/77 | €24,023 | €16,580 | -€7,443 | -31.0% |
| Profit (loss) for the period | 9904 | €69,428 | €62,482 | -€6,946 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,428 | €62,482 | -€6,946 | -10.0% |
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 3 October 2026 via checked.be.