SENSOA: 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
SENSOA
NACE 94.993, Activities of membership organisations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€518,434
2024 · €61,643-€580,077
Equity
€2.2m
2024 · €2.8m-€518,434
Cash
€2.8m
2024 · €3.2m-€411,089
Balance sheet total
€3.4m
2024 · €4.0m-€526,178
Largest movements
Assets
- Cash -€411,089
down €411,089 (-12.9%), from €3.2m to €2.8m
mainly Net result for the year (-€518,434) and Debts after one year (-€28,511)
- Receivables within one year -€65,922
down €65,922 (-75.5%), from €87,298 to €21,375
of which Other amounts receivable: -€39,803
- Tangible fixed assets -€52,247
down €52,247 (-9.2%), from €568,187 to €515,940
of which Land and buildings: -€47,282
Equity and liabilities
- Reserves -€518,434
down €518,434 (-24.8%), from €2.1m to €1.6m
Income statement
- Gross operating margin -€474,833
down €474,833 (-12.8%), from €3.7m to €3.2m
- Staff costs +€48,342
up €48,342 (+1.4%), from €3.6m to €3.6m
- Other operating charges -€37,780
down €37,780 (-39.7%), from €95,104 to €57,324
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
€61,643
Gross operating margin
-€474,833
Staff costs
-€48,342
Depreciation
+€769
Other operating charges
+€37,780
Other operating items
-€90,691
Financial income
-€7,333
Financial charges
+€281
Taxes
+€2,292
Result 2025
-€518,434
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
-€379,259
Investment
-€3,318
Financing
-€28,511
Cash 2024
€3.2m
From operations (derived)
-€379,259
Net result for the year
-€518,434
Depreciation
+€55,553
Stocks and contracts
+€13,757
Receivables within one year
+€65,922
Deferred charges and accrued income
-€16,825
Provisions
+€465
Debts within one year
+€21,656
Accrued charges and deferred income
-€1,353
Investment (derived)
-€3,318
Investment in fixed assets (net)
-€3,318
Financing
-€28,511
Debts after one year
-€28,511
Cash 2025
€2.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,951,811 | €3,425,633 | -€526,178 | -13.3% |
| Fixed assets | 21/28 | €569,621 | €517,386 | -€52,235 | -9.2% |
| Tangible fixed assets | 22/27 | €568,187 | €515,940 | -€52,247 | -9.2% |
| Land and buildings | 22 | €558,251 | €510,969 | -€47,282 | -8.5% |
| Furniture and vehicles | 24 | €9,936 | €4,971 | -€4,965 | -50.0% |
| Financial fixed assets | 28 | €1,434 | €1,446 | +€12 | +0.8% |
| Current assets | 29/58 | €3,382,190 | €2,908,247 | -€473,943 | -14.0% |
| Stocks and contracts in progress | 3 | €32,473 | €18,716 | -€13,757 | -42.4% |
| Stocks | 30/36 | €32,473 | €18,716 | -€13,757 | -42.4% |
| Amounts receivable within one year | 40/41 | €87,298 | €21,375 | -€65,922 | -75.5% |
| Trade receivables | 40 | €46,770 | €20,650 | -€26,119 | -55.8% |
| Other amounts receivable | 41 | €40,528 | €725 | -€39,803 | -98.2% |
| Cash at bank and in hand | 54/58 | €3,193,221 | €2,782,132 | -€411,089 | -12.9% |
| Deferred charges and accrued income | 490/1 | €69,198 | €86,023 | +€16,825 | +24.3% |
| Total equity and liabilities | 10/49 | €3,951,811 | €3,425,633 | -€526,178 | -13.3% |
| Equity | 10/15 | €2,767,385 | €2,248,951 | -€518,434 | -18.7% |
| Contributions | 10/11 | €234,041 | €234,041 | = | 0.0% |
| Capital | 10 | €234,041 | €234,041 | = | 0.0% |
| Reserves | 13 | €2,089,086 | €1,570,652 | -€518,434 | -24.8% |
| Profit (loss) carried forward | 14 | €444,258 | €444,258 | = | 0.0% |
| Provisions and deferred taxes | 16 | €139,435 | €139,900 | +€465 | +0.3% |
| Provisions for liabilities and charges | 160/5 | €139,435 | €139,900 | +€465 | +0.3% |
| Pensions and similar obligations | 160 | €139,435 | €139,900 | +€465 | +0.3% |
| Amounts payable | 17/49 | €1,044,990 | €1,036,782 | -€8,209 | -0.8% |
| Amounts payable after more than one year | 17 | €247,780 | €219,269 | -€28,511 | -11.5% |
| Financial debts | 170/4 | €247,780 | €219,269 | -€28,511 | -11.5% |
| Amounts payable within one year | 42/48 | €751,278 | €772,934 | +€21,656 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €28,110 | €28,511 | +€402 | +1.4% |
| Trade debts | 44 | €56,616 | €70,265 | +€13,649 | +24.1% |
| Suppliers | 440/4 | €56,616 | €70,265 | +€13,649 | +24.1% |
| Taxes, remuneration and social security | 45 | €596,990 | €590,191 | -€6,800 | -1.1% |
| Taxes | 450/3 | €123,732 | €122,285 | -€1,448 | -1.2% |
| Remuneration and social security | 454/9 | €473,258 | €467,906 | -€5,352 | -1.1% |
| Accrued charges and deferred income | 492/3 | €45,932 | €44,578 | -€1,353 | -2.9% |
| Remuneration, social security and pensions | 62 | €3,579,045 | €3,627,388 | +€48,342 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,323 | €55,553 | -€769 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €234 | €234 | = | 0.0% |
| Other operating charges | 640/8 | €95,104 | €57,324 | -€37,780 | -39.7% |
| Gross operating margin | 9900 | €3,695,670 | €3,220,837 | -€474,833 | -12.8% |
| Operating profit (loss) | 9901 | €55,379 | -€519,937 | -€575,316 | |
| Financial income | 75/76B | €16,338 | €9,004 | -€7,333 | -44.9% |
| Recurring financial income | 75 | €16,338 | €9,004 | -€7,333 | -44.9% |
| Financial charges | 65/66B | €5,181 | €4,901 | -€281 | -5.4% |
| Recurring financial charges | 65 | €5,181 | €4,901 | -€281 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €66,535 | -€515,833 | -€582,369 | |
| Income taxes | 67/77 | €4,893 | €2,601 | -€2,292 | -46.8% |
| Profit (loss) for the period | 9904 | €61,643 | -€518,434 | -€580,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,643 | -€518,434 | -€580,077 |
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 4 October 2026 via checked.be.