SENZA: 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.
SENZA
Largest movements
- Receivables within one year -€56,189
down €56,189 (-80.0%), from €70,206 to €14,017
of which Other amounts receivable: -€43,512
- Cash -€28,768
down €28,768 (-28.8%), from €100,047 to €71,279
mainly Contributions, distributions and other (-€78,434) and Net result for the year (-€6,819)
- Tangible fixed assets -€6,808
down €6,808 (-25.3%), from €26,896 to €20,088
of which Other tangible fixed assets: -€4,337
- Reserves -€78,434
down €78,434 (-34.0%), from €230,586 to €152,153
- Profit (loss) carried forward -€6,819
down €6,819, from €0 to -€6,819
- Trade debts -€4,340
down €4,340 (-19.0%), from €22,807 to €18,468
- Gross operating margin -€16,127
down €16,127 (-32.1%), from €50,162 to €34,035
- Depreciation -€7,847
down €7,847 (-53.5%), from €14,655 to €6,808
- Taxes -€2,230
down €2,230 (-78.8%), from €2,829 to €599
- Financial income +€504
up €504 (+8.9%), from €5,639 to €6,143
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 | €291,019 | €200,648 | -€90,371 | -31.1% |
| Fixed assets | 21/28 | €26,896 | €20,088 | -€6,808 | -25.3% |
| Tangible fixed assets | 22/27 | €26,896 | €20,088 | -€6,808 | -25.3% |
| Furniture and vehicles | 24 | €2,471 | €0 | -€2,471 | -100% |
| Other tangible fixed assets | 26 | €24,425 | €20,088 | -€4,337 | -17.8% |
| Current assets | 29/58 | €264,123 | €180,560 | -€83,563 | -31.6% |
| Stocks and contracts in progress | 3 | €93,147 | €93,130 | -€18 | 0.0% |
| Stocks | 30/36 | €93,147 | €93,130 | -€18 | 0.0% |
| Amounts receivable within one year | 40/41 | €70,206 | €14,017 | -€56,189 | -80.0% |
| Trade receivables | 40 | €19,507 | €6,830 | -€12,677 | -65.0% |
| Other amounts receivable | 41 | €50,699 | €7,187 | -€43,512 | -85.8% |
| Cash at bank and in hand | 54/58 | €100,047 | €71,279 | -€28,768 | -28.8% |
| Deferred charges and accrued income | 490/1 | €722 | €2,134 | +€1,412 | +196% |
| Total equity and liabilities | 10/49 | €291,019 | €200,648 | -€90,371 | -31.1% |
| Equity | 10/15 | €249,186 | €163,934 | -€85,253 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230,586 | €152,153 | -€78,434 | -34.0% |
| Distributable reserves | 133 | €230,586 | €152,153 | -€78,434 | -34.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,819 | -€6,819 | |
| Amounts payable | 17/49 | €41,832 | €36,714 | -€5,118 | -12.2% |
| Amounts payable within one year | 42/48 | €41,832 | €36,714 | -€5,118 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €22,807 | €18,468 | -€4,340 | -19.0% |
| Suppliers | 440/4 | €22,807 | €18,468 | -€4,340 | -19.0% |
| Taxes, remuneration and social security | 45 | €19,025 | €18,247 | -€778 | -4.1% |
| Taxes | 450/3 | €10,550 | €5,874 | -€4,676 | -44.3% |
| Remuneration and social security | 454/9 | €8,475 | €12,373 | +€3,898 | +46.0% |
| Remuneration, social security and pensions | 62 | €37,442 | €37,829 | +€387 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,655 | €6,808 | -€7,847 | -53.5% |
| Other operating charges | 640/8 | €1,507 | €1,623 | +€117 | +7.7% |
| Gross operating margin | 9900 | €50,162 | €34,035 | -€16,127 | -32.1% |
| Operating profit (loss) | 9901 | -€3,442 | -€12,226 | -€8,783 | -255% |
| Financial income | 75/76B | €5,639 | €6,143 | +€504 | +8.9% |
| Recurring financial income | 75 | €5,639 | €6,143 | +€504 | +8.9% |
| Financial charges | 65/66B | €91 | €137 | +€47 | +51.5% |
| Recurring financial charges | 65 | €91 | €137 | +€47 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €2,106 | -€6,220 | -€8,326 | |
| Income taxes | 67/77 | €2,829 | €599 | -€2,230 | -78.8% |
| Profit (loss) for the period | 9904 | -€723 | -€6,819 | -€6,096 | -843% |
| Profit (loss) for the period to be appropriated | 9905 | -€723 | -€6,819 | -€6,096 | -843% |
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 13 October 2026 via checked.be.