SENSINNOVAT: 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.
What changed
SENSINNOVAT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€67.8m
2024 · -€10.2m+€78.0m
Equity
€1.35bn
2024 · €1.30bn+€51.3m
Cash
€9.9m
2024 · €6.3m+€3.6m
Balance sheet total
€1.35bn
2024 · €1.30bn+€51.2m
Largest movements
Assets
- Financial fixed assets +€121.0m
up €121.0m (+10.4%), from €1.17bn to €1.29bn
of which Other financial fixed assets: +€103.2m
- Current investments -€73.9m
down €73.9m (-62.2%), from €118.9m to €45.0m
Equity and liabilities
- Profit (loss) carried forward +€67.8m
up €67.8m (+6.0%), from €1.13bn to €1.20bn
- Contributions -€16.5m
down €16.5m (-10.1%), from €163.0m to €146.5m
Income statement
- Financial charges -€70.3m
down €70.3m, from €56.4m to -€13.9m
of which Non-recurring financial charges: -€38.9m
- Financial income +€6.4m
up €6.4m (+13.4%), from €48.3m to €54.7m
of which Non-recurring financial income: +€10.8m
- Taxes -€1.7m
down €1.7m, from €1.4m to -€256,428
of which Taxes: -€1.2m
- Turnover -€207,616
down €207,616 (-22.5%), from €924,790 to €717,174
- Other operating income -€162,461
down €162,461 (-92.4%), from €175,819 to €13,358
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
-€10.2m
Turnover
-€207,616
Other operating income
-€162,461
Services and other goods
-€86,195
Staff costs
-€15,843
Depreciation
+€10,684
Other operating charges
-€9,636
Other operating items
+€448
Financial income
+€6.4m
Financial charges
+€70.3m
Taxes
+€1.7m
Result 2025
€67.8m
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.
From operations
+€67.2m
Investment
-€47.1m
Financing
-€16.5m
Cash 2024
€6.3m
From operations (derived)
+€67.2m
Net result for the year
+€67.8m
Depreciation
+€62,119
Receivables within one year
-€708,897
Smaller working-capital items
+€62,742
Investment (derived)
-€47.1m
Investment in fixed assets (net)
-€121.0m
Current investments
+€73.9m
Financing
-€16.5m
Contributions, distributions and other
-€16.5m
Cash 2025
€9.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,297,912,905 | €1,349,126,548 | +€51.2m | +3.9% |
| Fixed assets | 21/28 | €1,169,264,114 | €1,290,204,547 | +€120.9m | +10.3% |
| Tangible fixed assets | 22/27 | €191,829 | €130,125 | -€61,704 | -32.2% |
| Plant, machinery and equipment | 23 | €340 | €415 | +€75 | +22.1% |
| Furniture and vehicles | 24 | €191,489 | €129,710 | -€61,779 | -32.3% |
| Financial fixed assets | 28 | €1,169,072,285 | €1,290,074,422 | +€121.0m | +10.4% |
| Affiliated companies | 280/1 | €78,480,535 | €89,270,389 | +€10.8m | +13.7% |
| Participating interests | 280 | €73,280,535 | €80,095,389 | +€6.8m | +9.3% |
| Amounts receivable | 281 | €5,200,000 | €9,175,000 | +€4.0m | +76.4% |
| Companies linked by participating interests | 282/3 | €1,063,192,087 | €1,070,192,404 | +€7.0m | +0.7% |
| Participating interests | 282 | €1,058,192,087 | €1,062,167,104 | +€4.0m | +0.4% |
| Amounts receivable | 283 | €5,000,000 | €8,025,300 | +€3.0m | +60.5% |
| Other financial fixed assets | 284/8 | €27,399,663 | €130,611,629 | +€103.2m | +376.7% |
| Shares | 284 | €24,899,675 | €129,911,629 | +€105.0m | +421.7% |
| Amounts receivable and cash guarantees | 285/8 | €2,499,988 | €700,000 | -€1.8m | -72.0% |
| Current assets | 29/58 | €128,648,791 | €58,922,001 | -€69.7m | -54.2% |
| Amounts receivable within one year | 40/41 | €2,690,616 | €3,399,512 | +€708,897 | +26.3% |
| Trade receivables | 40 | €939,626 | €1,224,907 | +€285,281 | +30.4% |
| Other amounts receivable | 41 | €1,750,990 | €2,174,605 | +€423,615 | +24.2% |
| Current investments | 50/53 | €118,861,596 | €44,954,311 | -€73.9m | -62.2% |
| Other investments | 51/53 | €118,861,596 | €44,954,311 | -€73.9m | -62.2% |
| Cash at bank and in hand | 54/58 | €6,324,876 | €9,895,588 | +€3.6m | +56.5% |
| Deferred charges and accrued income | 490/1 | €771,703 | €672,589 | -€99,114 | -12.8% |
| Total equity and liabilities | 10/49 | €1,297,912,905 | €1,349,126,548 | +€51.2m | +3.9% |
| Equity | 10/15 | €1,297,735,210 | €1,348,985,226 | +€51.3m | +3.9% |
| Contributions | 10/11 | €162,978,334 | €146,478,334 | -€16.5m | -10.1% |
| Profit (loss) carried forward | 14 | €1,134,756,877 | €1,202,506,892 | +€67.8m | +6.0% |
| Amounts payable | 17/49 | €177,694 | €141,322 | -€36,373 | -20.5% |
| Amounts payable within one year | 42/48 | €177,694 | €128,948 | -€48,746 | -27.4% |
| Trade debts | 44 | €60,281 | €74,366 | +€14,085 | +23.4% |
| Suppliers | 440/4 | €60,281 | €74,366 | +€14,085 | +23.4% |
| Taxes, remuneration and social security | 45 | €117,413 | €54,583 | -€62,831 | -53.5% |
| Taxes | 450/3 | €58,073 | €10,941 | -€47,132 | -81.2% |
| Remuneration and social security | 454/9 | €59,340 | €43,641 | -€15,699 | -26.5% |
| Accrued charges and deferred income | 492/3 | - | €12,373 | +€12,373 | |
| Operating income | 70/76A | €1,110,764 | €736,524 | -€374,240 | -33.7% |
| Turnover | 70 | €924,790 | €717,174 | -€207,616 | -22.5% |
| Other operating income | 74 | €175,819 | €13,358 | -€162,461 | -92.4% |
| Non-recurring operating income | 76A | €10,155 | €5,992 | -€4,163 | -41.0% |
| Operating charges | 60/66A | €1,794,141 | €1,890,521 | +€96,380 | +5.4% |
| Services and other goods | 61 | €1,131,531 | €1,217,726 | +€86,195 | +7.6% |
| Remuneration, social security and pensions | 62 | €357,644 | €373,487 | +€15,843 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,803 | €62,119 | -€10,684 | -14.7% |
| Other operating charges | 640/8 | €227,552 | €237,188 | +€9,636 | +4.2% |
| Non-recurring operating charges | 66A | €4,611 | - | -€4,611 | |
| Operating profit (loss) | 9901 | -€683,377 | -€1,153,997 | -€470,620 | -68.9% |
| Financial income | 75/76B | €48,255,521 | €54,699,628 | +€6.4m | +13.4% |
| Recurring financial income | 75 | €48,094,745 | €43,768,800 | -€4.3m | -9.0% |
| Income from financial fixed assets | 750 | €43,718,665 | €42,310,410 | -€1.4m | -3.2% |
| Income from current assets | 751 | €2,207,247 | €1,433,710 | -€773,537 | -35.0% |
| Other financial income | 752/9 | €2,168,833 | €24,681 | -€2.1m | -98.9% |
| Non-recurring financial income | 76B | €160,776 | €10,930,828 | +€10.8m | +6698.8% |
| Financial charges | 65/66B | €56,376,310 | -€13,947,956 | -€70.3m | |
| Recurring financial charges | 65 | €13,048,796 | -€18,364,134 | -€31.4m | |
| Debt charges | 650 | €52,786 | €45,089 | -€7,697 | -14.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €9,442,218 | -€21,047,956 | -€30.5m | |
| Other financial charges | 652/9 | €3,553,793 | €2,638,734 | -€915,059 | -25.7% |
| Non-recurring financial charges | 66B | €43,327,514 | €4,416,178 | -€38.9m | -89.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,804,166 | €67,493,588 | +€76.3m | |
| Income taxes | 67/77 | €1,414,157 | -€256,428 | -€1.7m | |
| Taxes | 670/3 | €1,414,157 | €203,494 | -€1.2m | -85.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €459,922 | +€459,922 | |
| Profit (loss) for the period | 9904 | -€10,218,323 | €67,750,016 | +€78.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,218,323 | €67,750,016 | +€78.0m |
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 8 October 2026 via checked.be.