Senz'Altro: 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.
Senz'Altro
Largest movements
- Tangible fixed assets +€41,067
up €41,067 (+274%), from €15,006 to €56,073
of which Plant, machinery and equipment: +€44,804
- Cash +€1,659
up €1,659 (+2.8%), from €59,111 to €60,770
mainly Debts after one year (+€35,683) and Depreciation (+€13,584)
- Debts after one year +€35,683
new in 2025: €35,683
- Current portion of long-term debt +€10,247
up €10,247, from €0 to €10,247
- Other debts -€3,110
down €3,110 (-14.7%), from €21,170 to €18,060
- Trade debts -€1,949
down €1,949 (-40.3%), from €4,832 to €2,883
- Gross operating margin -€5,929
down €5,929 (-17.2%), from €34,565 to €28,636
- Depreciation +€2,521
up €2,521 (+22.8%), from €11,062 to €13,584
- Financial charges +€1,905
up €1,905 (+121%), from €1,574 to €3,479
- Staff costs -€1,806
down €1,806 (-14.6%), from €12,356 to €10,549
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,376 | €117,669 | +€42,293 | +56.1% |
| Fixed assets | 21/28 | €15,006 | €56,073 | +€41,067 | +274% |
| Tangible fixed assets | 22/27 | €15,006 | €56,073 | +€41,067 | +274% |
| Plant, machinery and equipment | 23 | €9,031 | €53,835 | +€44,804 | +496% |
| Other tangible fixed assets | 26 | €5,975 | €2,238 | -€3,738 | -62.6% |
| Current assets | 29/58 | €60,370 | €61,596 | +€1,226 | +2.0% |
| Stocks and contracts in progress | 3 | €447 | €339 | -€108 | -24.2% |
| Stocks | 30/36 | €447 | €339 | -€108 | -24.2% |
| Amounts receivable within one year | 40/41 | €581 | €229 | -€352 | -60.6% |
| Trade receivables | 40 | €14 | €116 | +€103 | +743% |
| Other amounts receivable | 41 | €567 | €113 | -€455 | -80.2% |
| Cash at bank and in hand | 54/58 | €59,111 | €60,770 | +€1,659 | +2.8% |
| Deferred charges and accrued income | 490/1 | €231 | €258 | +€27 | +11.8% |
| Total equity and liabilities | 10/49 | €75,376 | €117,669 | +€42,293 | +56.1% |
| Equity | 10/15 | €47,964 | €48,682 | +€719 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,364 | €39,364 | = | 0.0% |
| Distributable reserves | 133 | €39,364 | €39,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,001 | -€9,282 | +€719 | +7.2% |
| Amounts payable | 17/49 | €27,412 | €68,987 | +€41,574 | +152% |
| Amounts payable after more than one year | 17 | - | €35,683 | +€35,683 | |
| Financial debts | 170/4 | - | €35,683 | +€35,683 | |
| Amounts payable within one year | 42/48 | €27,412 | €33,304 | +€5,891 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,247 | +€10,247 | |
| Trade debts | 44 | €4,832 | €2,883 | -€1,949 | -40.3% |
| Suppliers | 440/4 | €4,832 | €2,883 | -€1,949 | -40.3% |
| Taxes, remuneration and social security | 45 | €1,411 | €2,114 | +€704 | +49.9% |
| Taxes | 450/3 | €699 | €1,497 | +€798 | +114% |
| Remuneration and social security | 454/9 | €712 | €617 | -€95 | -13.3% |
| Other amounts payable | 47/48 | €21,170 | €18,060 | -€3,110 | -14.7% |
| Non-recurring operating income | 76A | €7,754 | €0 | -€7,754 | -100% |
| Remuneration, social security and pensions | 62 | €12,356 | €10,549 | -€1,806 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,062 | €13,584 | +€2,521 | +22.8% |
| Other operating charges | 640/8 | €464 | €760 | +€295 | +63.6% |
| Gross operating margin | 9900 | €34,565 | €28,636 | -€5,929 | -17.2% |
| Operating profit (loss) | 9901 | €10,682 | €3,743 | -€6,939 | -65.0% |
| Financial income | 75/76B | €289 | €609 | +€320 | +111% |
| Recurring financial income | 75 | €289 | €609 | +€320 | +111% |
| Financial charges | 65/66B | €1,574 | €3,479 | +€1,905 | +121% |
| Recurring financial charges | 65 | €1,574 | €3,479 | +€1,905 | +121% |
| Profit (loss) for the period before taxes | 9903 | €9,397 | €873 | -€8,524 | -90.7% |
| Income taxes | 67/77 | €176 | €154 | -€22 | -12.3% |
| Profit (loss) for the period | 9904 | €9,221 | €719 | -€8,503 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,221 | €719 | -€8,503 | -92.2% |
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 26 October 2026 via checked.be.