Seny & Rauxa: 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
Seny & Rauxa
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€134,514
2024 · -€23,132+€157,645
Equity
€969,583
2024 · €835,069+€134,514
Cash
€23,991
2024 · €32,944-€8,953
Balance sheet total
€2.3m
2024 · €2.3m-€16,579
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€178,101
down €178,101 (-76.6%), from €232,628 to €54,527
- Reserves +€134,514
up €134,514 (+17.4%), from €773,569 to €908,083
of which Tax-exempt reserves: +€155,171
- Provisions +€51,018
up €51,018 (+5.2%), from €985,847 to €1.0m
of which Deferred taxes: +€51,018
- Debts after one year -€28,181
down €28,181 (-14.9%), from €189,601 to €161,420
Income statement
- Gross operating margin +€233,098
up €233,098 (+330%), from €70,672 to €303,770
- Financial income -€12,044
down €12,044 (-98.8%), from €12,195 to €150
- Depreciation +€5,349
up €5,349 (+7.0%), from €76,683 to €82,031
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
-€23,132
Gross operating margin
+€233,098
Depreciation
-€5,349
Other operating charges
+€1,085
Financial income
-€12,044
Financial charges
-€205
Deferred taxes and other
-€58,940
Result 2025
€134,514
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
+€106,834
Investment
-€88,130
Financing
-€27,657
Cash 2024
€32,944
From operations (derived)
+€106,834
Net result for the year
+€134,514
Depreciation
+€82,031
Receivables within one year
+€13,895
Deferred charges and accrued income
-€169
Provisions
+€51,018
Trade debts
-€1,577
Tax, wage and social debts
+€2,809
Other debts
-€178,101
Accrued charges and deferred income
+€2,415
Investment (derived)
-€88,130
Investment in fixed assets (net)
-€93,147
Current investments
+€5,017
Financing
-€27,657
Debts after one year
-€28,181
Short-term financial debts
+€525
Cash 2025
€23,991
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,317,197 | €2,300,617 | -€16,579 | -0.7% |
| Fixed assets | 21/28 | €2,182,979 | €2,194,095 | +€11,116 | +0.5% |
| Tangible fixed assets | 22/27 | €2,182,979 | €2,194,095 | +€11,116 | +0.5% |
| Land and buildings | 22 | €869,173 | €768,976 | -€100,197 | -11.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €488,652 | €469,007 | -€19,645 | -4.0% |
| Assets under construction and advance payments | 27 | €825,155 | €956,112 | +€130,957 | +15.9% |
| Current assets | 29/58 | €134,217 | €106,522 | -€27,695 | -20.6% |
| Stocks and contracts in progress | 3 | €48,798 | €48,798 | = | 0.0% |
| Stocks | 30/36 | €27,798 | €27,798 | = | 0.0% |
| Contracts in progress | 37 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,895 | €7,000 | -€13,895 | -66.5% |
| Trade receivables | 40 | €3,752 | - | -€3,752 | |
| Other amounts receivable | 41 | €17,143 | €7,000 | -€10,143 | -59.2% |
| Current investments | 50/53 | €31,581 | €26,564 | -€5,017 | -15.9% |
| Cash at bank and in hand | 54/58 | €32,944 | €23,991 | -€8,953 | -27.2% |
| Deferred charges and accrued income | 490/1 | - | €169 | +€169 | |
| Total equity and liabilities | 10/49 | €2,317,197 | €2,300,617 | -€16,579 | -0.7% |
| Equity | 10/15 | €835,069 | €969,583 | +€134,514 | +16.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €773,569 | €908,083 | +€134,514 | +17.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €488,389 | €643,560 | +€155,171 | +31.8% |
| Distributable reserves | 133 | €278,983 | €258,326 | -€20,657 | -7.4% |
| Provisions and deferred taxes | 16 | €985,847 | €1,036,864 | +€51,018 | +5.2% |
| Provisions for liabilities and charges | 160/5 | €810,804 | €810,804 | = | 0.0% |
| Environmental obligations | 163 | €810,804 | €810,804 | = | 0.0% |
| Deferred taxes | 168 | €175,042 | €226,060 | +€51,018 | +29.1% |
| Amounts payable | 17/49 | €496,281 | €294,170 | -€202,111 | -40.7% |
| Amounts payable after more than one year | 17 | €189,601 | €161,420 | -€28,181 | -14.9% |
| Financial debts | 170/4 | €189,601 | €161,420 | -€28,181 | -14.9% |
| Amounts payable within one year | 42/48 | €305,724 | €129,380 | -€176,344 | -57.7% |
| Financial debts | 43 | €27,657 | €28,181 | +€525 | +1.9% |
| Credit institutions | 430/8 | €27,657 | €28,181 | +€525 | +1.9% |
| Trade debts | 44 | €2,627 | €1,050 | -€1,577 | -60.0% |
| Suppliers | 440/4 | €2,627 | €1,050 | -€1,577 | -60.0% |
| Taxes, remuneration and social security | 45 | €42,812 | €45,621 | +€2,809 | +6.6% |
| Taxes | 450/3 | €1,294 | €4,103 | +€2,809 | +217% |
| Remuneration and social security | 454/9 | €41,518 | €41,518 | = | 0.0% |
| Other amounts payable | 47/48 | €232,628 | €54,527 | -€178,101 | -76.6% |
| Accrued charges and deferred income | 492/3 | €955 | €3,370 | +€2,415 | +253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,683 | €82,031 | +€5,349 | +7.0% |
| Other operating charges | 640/8 | €18,942 | €17,857 | -€1,085 | -5.7% |
| Gross operating margin | 9900 | €70,672 | €303,770 | +€233,098 | +330% |
| Operating profit (loss) | 9901 | -€24,953 | €203,882 | +€228,835 | |
| Financial income | 75/76B | €12,195 | €150 | -€12,044 | -98.8% |
| Recurring financial income | 75 | €12,195 | €150 | -€12,044 | -98.8% |
| Financial charges | 65/66B | €18,296 | €18,501 | +€205 | +1.1% |
| Recurring financial charges | 65 | €18,296 | €18,501 | +€205 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,054 | €185,531 | +€216,586 | |
| Transfer from deferred taxes | 780 | €7,923 | €10,909 | +€2,987 | +37.7% |
| Transfer to deferred taxes | 680 | - | €61,927 | +€61,927 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€23,132 | €134,514 | +€157,645 | |
| Transfer from tax-exempt reserves | 789 | €21,650 | €30,610 | +€8,960 | +41.4% |
| Transfer to tax-exempt reserves | 689 | - | €185,781 | +€185,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,481 | -€20,657 | -€19,176 | -1,294% |
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 25 October 2026 via checked.be.