Sense Development: 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.
What changed
Sense Development
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€104,199
2024 · €1.0m-€1.1m
Equity
€1.2m
2024 · €1.3m-€104,199
Cash
€34,435
2024 · €478,795-€444,360
Balance sheet total
€15.9m
2024 · €19.5m-€3.6m
Largest movements
Assets
- Receivables within one year -€3.6m
down €3.6m (-90.9%), from €4.0m to €360,632
of which Trade receivables: -€3.7m
- Stocks and contracts +€570,826
up €570,826 (+3.8%), from €15.0m to €15.5m
- Cash -€444,360
down €444,360 (-92.8%), from €478,795 to €34,435
mainly Debts after one year (-€3.6m) and Trade debts (-€690,424)
Equity and liabilities
- Debts after one year -€3.6m
down €3.6m (-29.2%), from €12.3m to €8.7m
- Trade debts -€690,424
down €690,424 (-84.2%), from €819,870 to €129,447
- Advances received +€531,810
up €531,810 (+12.5%), from €4.2m to €4.8m
Income statement
- Turnover -€17.5m
down €17.5m (-90.3%), from €19.4m to €1.9m
- Goods and materials -€16.7m
down €16.7m (-90.3%), from €18.5m to €1.8m
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.
Result 2024
€1.0m
Turnover
-€17.5m
Other operating income
+€30,016
Goods and materials
+€16.7m
Services and other goods
+€26,925
Other operating charges
-€1,784
Other operating items
-€274,250
Financial income
-€172,751
Financial charges
+€27,256
Taxes
+€53,861
Result 2025
-€104,199
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€3.0m
Investment
€0
Financing
-€3.4m
Cash 2024
€478,795
From operations (derived)
+€3.0m
Net result for the year
-€104,199
Smaller working-capital items
-€11,218
Stocks and contracts
-€570,826
Receivables within one year
+€3.6m
Deferred charges and accrued income
+€117,483
Trade debts
-€690,424
Tax, wage and social debts
+€107,427
Advances received
+€531,810
Financing
-€3.4m
Debts after one year
-€3.6m
Current portion of long-term debt
+€137,536
Cash 2025
€34,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,526,838 | €15,926,237 | -€3.6m | -18.4% |
| Current assets | 29/58 | €19,526,838 | €15,926,237 | -€3.6m | -18.4% |
| Amounts receivable after more than one year | 29 | - | €7,854 | +€7,854 | |
| Other amounts receivable | 291 | - | €7,854 | +€7,854 | |
| Stocks and contracts in progress | 3 | €14,952,491 | €15,523,317 | +€570,826 | +3.8% |
| Stocks | 30/36 | €14,952,491 | €15,523,317 | +€570,826 | +3.8% |
| Property held for sale | 35 | €14,952,491 | €15,523,317 | +€570,826 | +3.8% |
| Amounts receivable within one year | 40/41 | €3,978,069 | €360,632 | -€3.6m | -90.9% |
| Trade receivables | 40 | €3,890,937 | €238,145 | -€3.7m | -93.9% |
| Other amounts receivable | 41 | €87,132 | €122,487 | +€35,355 | +40.6% |
| Cash at bank and in hand | 54/58 | €478,795 | €34,435 | -€444,360 | -92.8% |
| Deferred charges and accrued income | 490/1 | €117,483 | - | -€117,483 | |
| Total equity and liabilities | 10/49 | €19,526,838 | €15,926,237 | -€3.6m | -18.4% |
| Equity | 10/15 | €1,255,491 | €1,151,292 | -€104,199 | -8.3% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,794,509 | -€1,898,708 | -€104,199 | -5.8% |
| Amounts payable | 17/49 | €18,271,347 | €14,774,945 | -€3.5m | -19.1% |
| Amounts payable after more than one year | 17 | €12,265,210 | €8,685,822 | -€3.6m | -29.2% |
| Financial debts | 170/4 | €12,265,210 | €8,685,822 | -€3.6m | -29.2% |
| Credit institutions | 173 | €2,864,056 | €1,813,590 | -€1.1m | -36.7% |
| Other loans | 174 | €9,401,154 | €6,872,232 | -€2.5m | -26.9% |
| Amounts payable within one year | 42/48 | €6,006,137 | €6,089,123 | +€82,986 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €862,464 | €1,000,000 | +€137,536 | +15.9% |
| Trade debts | 44 | €819,870 | €129,447 | -€690,424 | -84.2% |
| Suppliers | 440/4 | €819,870 | €129,447 | -€690,424 | -84.2% |
| Advances received on contracts in progress | 46 | €4,248,540 | €4,780,350 | +€531,810 | +12.5% |
| Taxes, remuneration and social security | 45 | €71,899 | €179,326 | +€107,427 | +149% |
| Taxes | 450/3 | €71,899 | €179,326 | +€107,427 | +149% |
| Other amounts payable | 47/48 | €3,364 | - | -€3,364 | |
| Operating income | 70/76A | €19,694,824 | €1,914,927 | -€17.8m | -90.3% |
| Turnover | 70 | €19,420,574 | €1,884,912 | -€17.5m | -90.3% |
| Other operating income | 74 | - | €30,016 | +€30,016 | |
| Non-recurring operating income | 76A | €274,250 | - | -€274,250 | |
| Operating charges | 60/66A | €18,776,532 | €2,011,026 | -€16.8m | -89.3% |
| Goods for resale, raw materials and consumables | 60 | €18,540,707 | €1,800,343 | -€16.7m | -90.3% |
| Change in stocks: decrease (increase) | 609 | €18,540,707 | €1,800,343 | -€16.7m | -90.3% |
| Services and other goods | 61 | €234,739 | €207,815 | -€26,925 | -11.5% |
| Other operating charges | 640/8 | €1,086 | €2,869 | +€1,784 | +164% |
| Operating profit (loss) | 9901 | €918,292 | -€96,099 | -€1.0m | |
| Financial income | 75/76B | €172,751 | - | -€172,751 | |
| Recurring financial income | 75 | €172,751 | - | -€172,751 | |
| Income from current assets | 751 | €172,751 | - | -€172,751 | |
| Financial charges | 65/66B | €35,356 | €8,100 | -€27,256 | -77.1% |
| Recurring financial charges | 65 | €35,356 | €8,100 | -€27,256 | -77.1% |
| Debt charges | 650 | €22,309 | - | -€22,309 | |
| Other financial charges | 652/9 | €13,047 | €8,100 | -€4,947 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €1,055,687 | -€104,199 | -€1.2m | |
| Income taxes | 67/77 | €53,861 | - | -€53,861 | |
| Taxes | 670/3 | €53,861 | - | -€53,861 | |
| Profit (loss) for the period | 9904 | €1,001,826 | -€104,199 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,001,826 | -€104,199 | -€1.1m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.