Sens-Projects: 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-Projects
Largest movements
- Tangible fixed assets -€138,575
down €138,575 (-6.4%), from €2.2m to €2.0m
of which Land and buildings: -€140,049
- Receivables within one year -€74,883
down €74,883 (-17.3%), from €432,251 to €357,368
of which Other amounts receivable: -€59,151
- Profit (loss) carried forward -€141,949
down €141,949 (-85.9%), from -€165,183 to -€307,132
- Revaluation surpluses -€93,495
down €93,495 (-7.1%), from €1.3m to €1.2m
- Reserves +€93,495
up €93,495 (+45.6%), from €205,157 to €298,652
- Current portion of long-term debt -€59,448
down €59,448 (-54.9%), from €108,373 to €48,925
- Debts after one year -€33,450
down €33,450 (-3.5%), from €953,766 to €920,316
- Gross operating margin -€31,607
down €31,607 (-28.4%), from €111,203 to €79,596
- Depreciation +€25,213
up €25,213 (+21.9%), from €115,157 to €140,370
- Write-downs +€21,900
new in 2024: €21,900
- Financial charges +€11,555
up €11,555 (+52.5%), from €22,026 to €33,581
of which Financial charges: +€11,961
- Other operating charges +€11,206
up €11,206 (+77.3%), from €14,488 to €25,694
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,583,035 | €2,369,444 | -€213,591 | -8.3% |
| Fixed assets | 21/28 | €2,150,651 | €2,012,076 | -€138,575 | -6.4% |
| Tangible fixed assets | 22/27 | €2,150,651 | €2,012,076 | -€138,575 | -6.4% |
| Land and buildings | 22 | €2,150,000 | €2,009,951 | -€140,049 | -6.5% |
| Plant, machinery and equipment | 23 | - | €1,692 | +€1,692 | |
| Furniture and vehicles | 24 | €651 | €434 | -€217 | -33.3% |
| Current assets | 29/58 | €432,384 | €357,368 | -€75,016 | -17.3% |
| Amounts receivable within one year | 40/41 | €432,251 | €357,368 | -€74,883 | -17.3% |
| Trade receivables | 40 | €61,442 | €45,710 | -€15,732 | -25.6% |
| Other amounts receivable | 41 | €370,810 | €311,658 | -€59,151 | -16.0% |
| Cash at bank and in hand | 54/58 | €133 | €0 | -€133 | -100.0% |
| Total equity and liabilities | 10/49 | €2,583,035 | €2,369,444 | -€213,591 | -8.3% |
| Equity | 10/15 | €1,452,504 | €1,310,555 | -€141,949 | -9.8% |
| Contributions | 10/11 | €103,600 | €103,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,308,930 | €1,215,435 | -€93,495 | -7.1% |
| Reserves | 13 | €205,157 | €298,652 | +€93,495 | +45.6% |
| Distributable reserves | 133 | €205,157 | €298,652 | +€93,495 | +45.6% |
| Profit (loss) carried forward | 14 | -€165,183 | -€307,132 | -€141,949 | -85.9% |
| Amounts payable | 17/49 | €1,130,532 | €1,058,890 | -€71,642 | -6.3% |
| Amounts payable after more than one year | 17 | €953,766 | €920,316 | -€33,450 | -3.5% |
| Financial debts | 170/4 | €953,766 | €920,316 | -€33,450 | -3.5% |
| Amounts payable within one year | 42/48 | €176,765 | €136,219 | -€40,547 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €108,373 | €48,925 | -€59,448 | -54.9% |
| Financial debts | 43 | - | €21 | +€21 | |
| Credit institutions | 430/8 | - | €21 | +€21 | |
| Trade debts | 44 | €32,559 | €62,001 | +€29,441 | +90.4% |
| Suppliers | 440/4 | €32,559 | €62,001 | +€29,441 | +90.4% |
| Taxes, remuneration and social security | 45 | €24,094 | €8,900 | -€15,194 | -63.1% |
| Taxes | 450/3 | €24,094 | €8,900 | -€15,194 | -63.1% |
| Other amounts payable | 47/48 | €11,739 | €16,372 | +€4,633 | +39.5% |
| Accrued charges and deferred income | 492/3 | - | €2,354 | +€2,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,157 | €140,370 | +€25,213 | +21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,900 | +€21,900 | |
| Other operating charges | 640/8 | €14,488 | €25,694 | +€11,206 | +77.3% |
| Gross operating margin | 9900 | €111,203 | €79,596 | -€31,607 | -28.4% |
| Operating profit (loss) | 9901 | -€18,442 | -€108,368 | -€89,926 | -487.6% |
| Financial charges | 65/66B | €22,026 | €33,581 | +€11,555 | +52.5% |
| Recurring financial charges | 65 | €21,620 | €33,581 | +€11,961 | +55.3% |
| Non-recurring financial charges | 66B | €406 | €0 | -€406 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,468 | -€141,949 | -€101,481 | -250.8% |
| Income taxes | 67/77 | €7,450 | €0 | -€7,450 | -100.0% |
| Profit (loss) for the period | 9904 | -€47,919 | -€141,949 | -€94,030 | -196.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,919 | -€141,949 | -€94,030 | -196.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.