SENS PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€58,820
up €58,820 (+127%), from €46,401 to €105,221
of which Trade receivables: +€40,762
- Cash +€53,864
up €53,864 (+43.9%), from €122,603 to €176,467
- Tangible fixed assets -€36,815
down €36,815 (-25.3%), from €145,713 to €108,898
of which Furniture and vehicles: -€28,598
- Reserves +€44,284
up €44,284 (+16.5%), from €268,835 to €313,119
of which Distributable reserves: +€46,144
- Other debts +€36,570
up €36,570 (+1,269%), from €2,882 to €39,452
- Debts after one year -€11,264
down €11,264 (-58.2%), from €19,352 to €8,088
- Tax, wage and social debts +€5,817
up €5,817 (+80.1%), from €7,258 to €13,075
- Gross operating margin -€16,282
down €16,282 (-17.4%), from €93,351 to €77,069
- Taxes -€5,100
down €5,100 (-23.4%), from €21,838 to €16,738
- Depreciation +€2,883
up €2,883 (+18.8%), from €15,344 to €18,227
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,717 | €390,586 | +€75,869 | +24.1% |
| Fixed assets | 21/28 | €145,713 | €108,898 | -€36,815 | -25.3% |
| Tangible fixed assets | 22/27 | €145,713 | €108,898 | -€36,815 | -25.3% |
| Land and buildings | 22 | €74,026 | €71,160 | -€2,866 | -3.9% |
| Furniture and vehicles | 24 | €60,352 | €31,754 | -€28,598 | -47.4% |
| Other tangible fixed assets | 26 | €11,335 | €5,985 | -€5,350 | -47.2% |
| Current assets | 29/58 | €169,004 | €281,688 | +€112,684 | +66.7% |
| Amounts receivable within one year | 40/41 | €46,401 | €105,221 | +€58,820 | +127% |
| Trade receivables | 40 | €46,401 | €87,163 | +€40,762 | +87.8% |
| Other amounts receivable | 41 | - | €18,058 | +€18,058 | |
| Cash at bank and in hand | 54/58 | €122,603 | €176,467 | +€53,864 | +43.9% |
| Total equity and liabilities | 10/49 | €314,717 | €390,586 | +€75,869 | +24.1% |
| Equity | 10/15 | €275,035 | €319,319 | +€44,284 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €268,835 | €313,119 | +€44,284 | +16.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €7,281 | €7,281 | = | 0.0% |
| Distributable reserves | 133 | €259,694 | €305,838 | +€46,144 | +17.8% |
| Amounts payable | 17/49 | €39,682 | €71,268 | +€31,585 | +79.6% |
| Amounts payable after more than one year | 17 | €19,352 | €8,088 | -€11,264 | -58.2% |
| Financial debts | 170/4 | €19,352 | €8,088 | -€11,264 | -58.2% |
| Amounts payable within one year | 42/48 | €19,876 | €61,597 | +€41,721 | +210% |
| Current portion of amounts payable after more than one year | 42 | €7,503 | €5,758 | -€1,746 | -23.3% |
| Trade debts | 44 | €2,233 | €3,313 | +€1,080 | +48.4% |
| Suppliers | 440/4 | €2,233 | €3,313 | +€1,080 | +48.4% |
| Taxes, remuneration and social security | 45 | €7,258 | €13,075 | +€5,817 | +80.1% |
| Taxes | 450/3 | €7,258 | €13,075 | +€5,817 | +80.1% |
| Other amounts payable | 47/48 | €2,882 | €39,452 | +€36,570 | +1,269% |
| Accrued charges and deferred income | 492/3 | €454 | €1,583 | +€1,129 | +248% |
| Non-recurring operating income | 76A | €10,736 | - | -€10,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,344 | €18,227 | +€2,883 | +18.8% |
| Other operating charges | 640/8 | €1,032 | €1,147 | +€114 | +11.1% |
| Gross operating margin | 9900 | €93,351 | €77,069 | -€16,282 | -17.4% |
| Operating profit (loss) | 9901 | €76,975 | €57,694 | -€19,280 | -25.0% |
| Financial income | 75/76B | €97 | €0 | -€97 | -100.0% |
| Recurring financial income | 75 | €97 | €0 | -€97 | -100.0% |
| Financial charges | 65/66B | €2,007 | €2,720 | +€713 | +35.5% |
| Recurring financial charges | 65 | €2,007 | €2,720 | +€713 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €75,065 | €54,975 | -€20,090 | -26.8% |
| Income taxes | 67/77 | €21,838 | €16,738 | -€5,100 | -23.4% |
| Profit (loss) for the period | 9904 | €53,227 | €38,237 | -€14,990 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,227 | €38,237 | -€14,990 | -28.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.