SENSELIA: 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.
SENSELIA
Largest movements
- Tangible fixed assets -€15,911
down €15,911 (-8.6%), from €184,047 to €168,136
of which Furniture and vehicles: -€16,226
- Cash +€5,873
up €5,873 (+51.1%), from €11,489 to €17,362
mainly Depreciation (+€45,966) and Trade debts (+€12,768)
- Receivables within one year +€4,849
up €4,849 (+256%), from €1,891 to €6,740
of which Trade receivables: +€6,302
- Debts after one year -€15,934
down €15,934 (-31.1%), from €51,260 to €35,326
- Trade debts +€12,768
up €12,768 (+403%), from €3,165 to €15,933
- Other debts +€9,743
up €9,743 (+1,671%), from €583 to €10,326
- Advances received -€6,106
no longer reported in 2025 (was €6,106)
- Current portion of long-term debt -€4,057
down €4,057 (-20.3%), from €19,991 to €15,934
- Gross operating margin -€9,856
down €9,856 (-15.5%), from €63,415 to €53,559
- Depreciation +€5,012
up €5,012 (+12.2%), from €40,954 to €45,966
- Taxes -€3,232
down €3,232 (-88.0%), from €3,672 to €441
- Staff costs -€1,597
no longer reported in 2025 (was €1,597)
- Financial charges -€1,157
down €1,157 (-31.5%), from €3,672 to €2,514
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,751 | €206,334 | -€4,417 | -2.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €195,752 | €179,841 | -€15,911 | -8.1% |
| Tangible fixed assets | 22/27 | €184,047 | €168,136 | -€15,911 | -8.6% |
| Land and buildings | 22 | €139,218 | €139,997 | +€780 | +0.6% |
| Plant, machinery and equipment | 23 | €782 | €318 | -€464 | -59.4% |
| Furniture and vehicles | 24 | €44,047 | €27,821 | -€16,226 | -36.8% |
| Financial fixed assets | 28 | €11,705 | €11,705 | = | 0.0% |
| Current assets | 29/58 | €14,999 | €26,493 | +€11,494 | +76.6% |
| Amounts receivable within one year | 40/41 | €1,891 | €6,740 | +€4,849 | +256% |
| Trade receivables | 40 | €200 | €6,502 | +€6,302 | +3,151% |
| Other amounts receivable | 41 | €1,691 | €238 | -€1,453 | -86.0% |
| Cash at bank and in hand | 54/58 | €11,489 | €17,362 | +€5,873 | +51.1% |
| Deferred charges and accrued income | 490/1 | €1,620 | €2,391 | +€771 | +47.6% |
| Total equity and liabilities | 10/49 | €210,751 | €206,334 | -€4,417 | -2.1% |
| Equity | 10/15 | €122,452 | €124,981 | +€2,530 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,243 | €61,243 | +€3,000 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €29,470 | €29,470 | = | 0.0% |
| Distributable reserves | 133 | €26,913 | €31,773 | +€4,860 | +18.1% |
| Profit (loss) carried forward | 14 | €42,033 | €42,074 | +€40 | +0.1% |
| Investment grants | 15 | €3,575 | €3,064 | -€511 | -14.3% |
| Amounts payable | 17/49 | €88,299 | €81,353 | -€6,947 | -7.9% |
| Amounts payable after more than one year | 17 | €51,260 | €35,326 | -€15,934 | -31.1% |
| Financial debts | 170/4 | €51,260 | €35,326 | -€15,934 | -31.1% |
| Amounts payable within one year | 42/48 | €37,039 | €45,958 | +€8,919 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €19,991 | €15,934 | -€4,057 | -20.3% |
| Trade debts | 44 | €3,165 | €15,933 | +€12,768 | +403% |
| Suppliers | 440/4 | €3,165 | €15,933 | +€12,768 | +403% |
| Advances received on contracts in progress | 46 | €6,106 | - | -€6,106 | |
| Taxes, remuneration and social security | 45 | €7,194 | €3,764 | -€3,429 | -47.7% |
| Taxes | 450/3 | €7,194 | €3,764 | -€3,429 | -47.7% |
| Other amounts payable | 47/48 | €583 | €10,326 | +€9,743 | +1,671% |
| Accrued charges and deferred income | 492/3 | - | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €1,597 | - | -€1,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,954 | €45,966 | +€5,012 | +12.2% |
| Other operating charges | 640/8 | €1,587 | €1,582 | -€5 | -0.3% |
| Gross operating margin | 9900 | €63,415 | €53,559 | -€9,856 | -15.5% |
| Operating profit (loss) | 9901 | €19,277 | €6,011 | -€13,266 | -68.8% |
| Financial income | 75/76B | €882 | €817 | -€64 | -7.3% |
| Recurring financial income | 75 | €882 | €817 | -€64 | -7.3% |
| Financial charges | 65/66B | €3,672 | €2,514 | -€1,157 | -31.5% |
| Recurring financial charges | 65 | €3,672 | €2,514 | -€1,157 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €16,487 | €4,314 | -€12,173 | -73.8% |
| Income taxes | 67/77 | €3,672 | €441 | -€3,232 | -88.0% |
| Profit (loss) for the period | 9904 | €12,815 | €3,873 | -€8,942 | -69.8% |
| Transfer from tax-exempt reserves | 789 | €622 | - | -€622 | |
| Transfer to tax-exempt reserves | 689 | €8,420 | - | -€8,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,017 | €3,873 | -€1,143 | -22.8% |
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 13 October 2026 via checked.be.