SENZ.: 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.
SENZ.
Largest movements
- Tangible fixed assets +€5,472
up €5,472 (+133.1%), from €4,111 to €9,583
of which Plant, machinery and equipment: +€4,259
- Cash -€5,415
down €5,415 (-49.3%), from €10,985 to €5,570
mainly Investment in fixed assets (net) (-€9,156) and Other debts (-€3,183)
- Receivables within one year -€934
down €934 (-13.2%), from €7,100 to €6,166
of which Trade receivables: -€956
- Other debts -€3,183
down €3,183 (-43.8%), from €7,265 to €4,082
- Accrued charges and deferred income +€1,500
up €1,500, from €0 to €1,500
- Tax, wage and social debts +€863
up €863 (+22.5%), from €3,841 to €4,704
- Reserves +€548
up €548 (+9.7%), from €5,653 to €6,201
- Trade debts -€445
down €445 (-27.4%), from €1,620 to €1,175
- Depreciation +€3,288
up €3,288 (+829.9%), from €396 to €3,684
- Gross operating margin -€3,148
down €3,148 (-27.9%), from €11,283 to €8,136
- Other operating charges +€271
up €271 (+51.8%), from €523 to €794
- Taxes +€149
up €149 (+9.0%), from €1,657 to €1,806
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 | €22,378 | €21,662 | -€716 | -3.2% |
| Fixed assets | 21/28 | €4,111 | €9,583 | +€5,472 | +133.1% |
| Tangible fixed assets | 22/27 | €4,111 | €9,583 | +€5,472 | +133.1% |
| Plant, machinery and equipment | 23 | €1,354 | €5,613 | +€4,259 | +314.6% |
| Furniture and vehicles | 24 | €2,758 | €3,971 | +€1,213 | +44.0% |
| Current assets | 29/58 | €18,267 | €12,079 | -€6,188 | -33.9% |
| Amounts receivable within one year | 40/41 | €7,100 | €6,166 | -€934 | -13.2% |
| Trade receivables | 40 | €7,028 | €6,073 | -€956 | -13.6% |
| Other amounts receivable | 41 | €72 | €93 | +€21 | +29.4% |
| Cash at bank and in hand | 54/58 | €10,985 | €5,570 | -€5,415 | -49.3% |
| Deferred charges and accrued income | 490/1 | €181 | €343 | +€161 | +88.9% |
| Total equity and liabilities | 10/49 | €22,378 | €21,662 | -€716 | -3.2% |
| Equity | 10/15 | €9,653 | €10,201 | +€548 | +5.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,653 | €6,201 | +€548 | +9.7% |
| Distributable reserves | 133 | €5,653 | €6,201 | +€548 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,726 | €11,462 | -€1,264 | -9.9% |
| Amounts payable within one year | 42/48 | €12,726 | €9,962 | -€2,764 | -21.7% |
| Trade debts | 44 | €1,620 | €1,175 | -€445 | -27.4% |
| Suppliers | 440/4 | €1,620 | €1,175 | -€445 | -27.4% |
| Taxes, remuneration and social security | 45 | €3,841 | €4,704 | +€863 | +22.5% |
| Taxes | 450/3 | €3,841 | €4,704 | +€863 | +22.5% |
| Other amounts payable | 47/48 | €7,265 | €4,082 | -€3,183 | -43.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €3,684 | +€3,288 | +829.9% |
| Other operating charges | 640/8 | €523 | €794 | +€271 | +51.8% |
| Non-recurring operating charges | 66A | €6,483 | €0 | -€6,483 | -100.0% |
| Gross operating margin | 9900 | €11,283 | €8,136 | -€3,148 | -27.9% |
| Operating profit (loss) | 9901 | €3,881 | €3,657 | -€224 | -5.8% |
| Financial income | 75/76B | €18 | €76 | +€58 | +319.9% |
| Recurring financial income | 75 | €18 | €76 | +€58 | +319.9% |
| Financial charges | 65/66B | €69 | €130 | +€61 | +89.4% |
| Recurring financial charges | 65 | €69 | €130 | +€61 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €3,831 | €3,604 | -€227 | -5.9% |
| Income taxes | 67/77 | €1,657 | €1,806 | +€149 | +9.0% |
| Profit (loss) for the period | 9904 | €2,173 | €1,797 | -€376 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,173 | €1,797 | -€376 | -17.3% |
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 30 September 2026 via checked.be.