SENZA LIMITI: 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 LIMITI
Largest movements
- Receivables within one year +€38,054
up €38,054 (+9.9%), from €384,238 to €422,292
of which Other amounts receivable: +€23,989
- Cash -€24,707
down €24,707 (-37.2%), from €66,423 to €41,716
mainly Tax, wage and social debts (-€43,958) and Receivables within one year (-€38,054)
- Trade debts +€45,371
up €45,371 (+209%), from €21,722 to €67,093
- Tax, wage and social debts -€43,958
down €43,958 (-81.9%), from €53,657 to €9,699
- Reserves +€8,666
up €8,666 (+2.3%), from €377,000 to €385,666
- Gross operating margin -€66,437
down €66,437 (-83.2%), from €79,873 to €13,436
- Taxes -€17,470
down €17,470 (-68.6%), from €25,459 to €7,988
- Depreciation -€1,492
down €1,492 (-11.6%), from €12,917 to €11,425
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 | €474,374 | €488,508 | +€14,134 | +3.0% |
| Fixed assets | 21/28 | €15,879 | €14,311 | -€1,567 | -9.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €15,799 | €14,231 | -€1,567 | -9.9% |
| Plant, machinery and equipment | 23 | €11,023 | €7,575 | -€3,448 | -31.3% |
| Furniture and vehicles | 24 | €0 | €5,938 | +€5,938 | |
| Other tangible fixed assets | 26 | €4,775 | €718 | -€4,058 | -85.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €458,495 | €474,197 | +€15,702 | +3.4% |
| Amounts receivable within one year | 40/41 | €384,238 | €422,292 | +€38,054 | +9.9% |
| Trade receivables | 40 | €50,486 | €64,552 | +€14,065 | +27.9% |
| Other amounts receivable | 41 | €333,752 | €357,740 | +€23,989 | +7.2% |
| Cash at bank and in hand | 54/58 | €66,423 | €41,716 | -€24,707 | -37.2% |
| Deferred charges and accrued income | 490/1 | €7,834 | €10,189 | +€2,355 | +30.1% |
| Total equity and liabilities | 10/49 | €474,374 | €488,508 | +€14,134 | +3.0% |
| Equity | 10/15 | €383,000 | €391,666 | +€8,666 | +2.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €377,000 | €385,666 | +€8,666 | +2.3% |
| Distributable reserves | 133 | €377,000 | €385,666 | +€8,666 | +2.3% |
| Amounts payable | 17/49 | €91,374 | €96,842 | +€5,468 | +6.0% |
| Amounts payable within one year | 42/48 | €75,379 | €76,791 | +€1,412 | +1.9% |
| Trade debts | 44 | €21,722 | €67,093 | +€45,371 | +209% |
| Suppliers | 440/4 | €21,722 | €67,093 | +€45,371 | +209% |
| Taxes, remuneration and social security | 45 | €53,657 | €9,699 | -€43,958 | -81.9% |
| Taxes | 450/3 | €53,657 | €9,699 | -€43,958 | -81.9% |
| Accrued charges and deferred income | 492/3 | €15,995 | €20,051 | +€4,056 | +25.4% |
| Non-recurring operating income | 76A | €8,017 | €5,267 | -€2,751 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,917 | €11,425 | -€1,492 | -11.6% |
| Other operating charges | 640/8 | €3,699 | €3,739 | +€40 | +1.1% |
| Non-recurring operating charges | 66A | - | €47 | +€47 | |
| Gross operating margin | 9900 | €79,873 | €13,436 | -€66,437 | -83.2% |
| Operating profit (loss) | 9901 | €63,258 | -€1,775 | -€65,032 | |
| Financial income | 75/76B | €19,027 | €18,892 | -€135 | -0.7% |
| Recurring financial income | 75 | €19,027 | €18,892 | -€135 | -0.7% |
| Financial charges | 65/66B | €262 | €464 | +€202 | +77.1% |
| Recurring financial charges | 65 | €262 | €464 | +€202 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €82,023 | €16,654 | -€65,369 | -79.7% |
| Income taxes | 67/77 | €25,459 | €7,988 | -€17,470 | -68.6% |
| Profit (loss) for the period | 9904 | €56,564 | €8,666 | -€47,898 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,564 | €8,666 | -€47,898 | -84.7% |
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 30 October 2026 via checked.be.