SENZU: 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.
SENZU
Largest movements
- Receivables within one year -€29,771
down €29,771 (-72.5%), from €41,088 to €11,317
of which Other amounts receivable: -€17,129
- Stocks and contracts +€12,500
new in 2025: €12,500
- Deferred charges and accrued income +€10,512
new in 2025: €10,512
- Tangible fixed assets -€2,000
down €2,000 (-28.6%), from €6,992 to €4,992
- Financial fixed assets +€800
up €800 (+390%), from €205 to €1,005
- Profit (loss) carried forward -€8,296
down €8,296 (-30.2%), from €27,451 to €19,155
- Other debts +€5,000
up €5,000 (+167%), from €3,000 to €8,000
- Trade debts -€3,502
down €3,502 (-25.0%), from €14,019 to €10,517
- Tax, wage and social debts -€1,942
down €1,942 (-19.7%), from €9,853 to €7,911
of which Taxes: -€3,127
- Staff costs +€8,577
up €8,577 (+15.2%), from €56,588 to €65,165
- Gross operating margin -€5,342
down €5,342 (-8.1%), from €66,021 to €60,679
- Taxes -€1,584
no longer reported in 2025 (was €1,584)
- Other operating charges +€989
up €989 (+358%), from €276 to €1,265
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 | €56,823 | €48,082 | -€8,741 | -15.4% |
| Fixed assets | 21/28 | €7,197 | €5,997 | -€1,200 | -16.7% |
| Tangible fixed assets | 22/27 | €6,992 | €4,992 | -€2,000 | -28.6% |
| Furniture and vehicles | 24 | €6,992 | €4,992 | -€2,000 | -28.6% |
| Financial fixed assets | 28 | €205 | €1,005 | +€800 | +390% |
| Current assets | 29/58 | €49,626 | €42,086 | -€7,541 | -15.2% |
| Stocks and contracts in progress | 3 | - | €12,500 | +€12,500 | |
| Stocks | 30/36 | - | €12,500 | +€12,500 | |
| Amounts receivable within one year | 40/41 | €41,088 | €11,317 | -€29,771 | -72.5% |
| Trade receivables | 40 | €18,194 | €5,552 | -€12,642 | -69.5% |
| Other amounts receivable | 41 | €22,894 | €5,765 | -€17,129 | -74.8% |
| Cash at bank and in hand | 54/58 | €8,538 | €7,756 | -€782 | -9.2% |
| Deferred charges and accrued income | 490/1 | - | €10,512 | +€10,512 | |
| Total equity and liabilities | 10/49 | €56,823 | €48,082 | -€8,741 | -15.4% |
| Equity | 10/15 | €29,951 | €21,655 | -€8,296 | -27.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,451 | €19,155 | -€8,296 | -30.2% |
| Amounts payable | 17/49 | €26,872 | €26,428 | -€444 | -1.7% |
| Amounts payable within one year | 42/48 | €26,872 | €26,428 | -€444 | -1.7% |
| Trade debts | 44 | €14,019 | €10,517 | -€3,502 | -25.0% |
| Suppliers | 440/4 | €14,019 | €10,517 | -€3,502 | -25.0% |
| Taxes, remuneration and social security | 45 | €9,853 | €7,911 | -€1,942 | -19.7% |
| Taxes | 450/3 | €7,490 | €4,363 | -€3,127 | -41.8% |
| Remuneration and social security | 454/9 | €2,364 | €3,549 | +€1,185 | +50.1% |
| Other amounts payable | 47/48 | €3,000 | €8,000 | +€5,000 | +167% |
| Remuneration, social security and pensions | 62 | €56,588 | €65,165 | +€8,577 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €276 | €1,265 | +€989 | +358% |
| Gross operating margin | 9900 | €66,021 | €60,679 | -€5,342 | -8.1% |
| Operating profit (loss) | 9901 | €7,157 | -€7,752 | -€14,908 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €21 | €544 | +€524 | +2,535% |
| Recurring financial charges | 65 | €21 | €544 | +€524 | +2,549% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €7,136 | -€8,296 | -€15,433 | |
| Income taxes | 67/77 | €1,584 | - | -€1,584 | |
| Profit (loss) for the period | 9904 | €5,552 | -€8,296 | -€13,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,552 | -€8,296 | -€13,848 |
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 19 October 2026 via checked.be.