SENWEN: 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.
SENWEN
Largest movements
- Cash -€9,130
down €9,130 (-53.6%), from €17,042 to €7,912
mainly Net result for the year (-€8,202) and Tax, wage and social debts (-€1,903)
- Profit (loss) carried forward -€8,202
down €8,202 (-1.2%), from -€702,066 to -€710,269
- Tax, wage and social debts -€1,903
no longer reported in 2025 (was €1,903)
of which Taxes: -€1,903
- Financial charges -€831,625
down €831,625 (-99.9%), from €832,292 to €666
of which Non-recurring financial charges: -€831,198
- Financial income -€3,794
down €3,794 (-100.0%), from €3,794 to €0
- Gross operating margin +€2,755
up €2,755 (+29.7%), from -€9,268 to -€6,513
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,535 | €114,447 | -€9,088 | -7.4% |
| Fixed assets | 21/28 | €50,459 | €50,459 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50,459 | €50,459 | = | 0.0% |
| Current assets | 29/58 | €73,076 | €63,988 | -€9,088 | -12.4% |
| Amounts receivable after more than one year | 29 | €56,010 | €56,010 | = | 0.0% |
| Other amounts receivable | 291 | €56,010 | €56,010 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24 | €66 | +€42 | +171.9% |
| Trade receivables | 40 | €24 | - | -€24 | |
| Other amounts receivable | 41 | €0 | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €17,042 | €7,912 | -€9,130 | -53.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €123,535 | €114,447 | -€9,088 | -7.4% |
| Equity | 10/15 | €49,134 | €40,931 | -€8,202 | -16.7% |
| Contributions | 10/11 | €751,200 | €751,200 | = | 0.0% |
| Outside capital | 11 | - | €751,200 | +€751,200 | |
| Share premium | 1100/10 | - | €751,200 | +€751,200 | |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€702,066 | -€710,269 | -€8,202 | -1.2% |
| Amounts payable | 17/49 | €74,401 | €73,515 | -€886 | -1.2% |
| Amounts payable after more than one year | 17 | €41,877 | €41,877 | = | 0.0% |
| Financial debts | 170/4 | €41,877 | €41,877 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,523 | €31,638 | -€886 | -2.7% |
| Trade debts | 44 | €3,640 | €4,551 | +€911 | +25.0% |
| Suppliers | 440/4 | €3,640 | €4,551 | +€911 | +25.0% |
| Taxes, remuneration and social security | 45 | €1,903 | - | -€1,903 | |
| Taxes | 450/3 | €1,903 | - | -€1,903 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,981 | €27,087 | +€105 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,041 | €1,023 | -€18 | -1.7% |
| Non-recurring operating charges | 66A | €6,195 | - | -€6,195 | |
| Gross operating margin | 9900 | -€9,268 | -€6,513 | +€2,755 | +29.7% |
| Operating profit (loss) | 9901 | -€16,504 | -€7,536 | +€8,968 | +54.3% |
| Financial income | 75/76B | €3,794 | €0 | -€3,794 | -100.0% |
| Recurring financial income | 75 | €3,794 | €0 | -€3,794 | -100.0% |
| Financial charges | 65/66B | €832,292 | €666 | -€831,625 | -99.9% |
| Recurring financial charges | 65 | €1,094 | €666 | -€427 | -39.1% |
| Non-recurring financial charges | 66B | €831,198 | - | -€831,198 | |
| Profit (loss) for the period before taxes | 9903 | -€845,002 | -€8,202 | +€836,800 | +99.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€845,002 | -€8,202 | +€836,800 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€845,002 | -€8,202 | +€836,800 | +99.0% |
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 7 October 2026 via checked.be.