SENZUS: what changed
SENZUS
Largest movements
- Cash +€46,589
up €46,589 (+44.5%), from €104,804 to €151,393
mainly Net result for the year (+€62,768) and Stocks and contracts (+€5,735)
- Stocks and contracts -€5,735
down €5,735 (-49.0%), from €11,693 to €5,958
- Financial fixed assets +€5,000
new in 2025: €5,000
- Receivables within one year +€2,011
up €2,011 (+6.7%), from €30,102 to €32,113
of which Other amounts receivable: +€5,509
- Profit (loss) carried forward +€62,768
up €62,768 (+8,891%), from €706 to €63,474
- Tax, wage and social debts -€19,690
down €19,690 (-87.0%), from €22,643 to €2,953
- Trade debts +€3,330
up €3,330 (+44.2%), from €7,540 to €10,870
- Gross operating margin +€8,943
up €8,943 (+12.4%), from €72,370 to €81,313
- Taxes -€3,194
down €3,194 (-16.3%), from €19,566 to €16,372
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,306 | €196,147 | +€45,841 | +30.5% |
| Fixed assets | 21/28 | €3,309 | €6,269 | +€2,960 | +89.5% |
| Intangible fixed assets | 21 | €2,749 | €898 | -€1,851 | -67.3% |
| Tangible fixed assets | 22/27 | €560 | €371 | -€189 | -33.8% |
| Plant, machinery and equipment | 23 | €560 | €371 | -€189 | -33.8% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €146,997 | €189,878 | +€42,881 | +29.2% |
| Stocks and contracts in progress | 3 | €11,693 | €5,958 | -€5,735 | -49.0% |
| Stocks | 30/36 | €11,693 | €5,958 | -€5,735 | -49.0% |
| Amounts receivable within one year | 40/41 | €30,102 | €32,113 | +€2,011 | +6.7% |
| Trade receivables | 40 | €30,102 | €26,604 | -€3,498 | -11.6% |
| Other amounts receivable | 41 | - | €5,509 | +€5,509 | |
| Cash at bank and in hand | 54/58 | €104,804 | €151,393 | +€46,589 | +44.5% |
| Deferred charges and accrued income | 490/1 | €398 | €414 | +€16 | +4.0% |
| Total equity and liabilities | 10/49 | €150,306 | €196,147 | +€45,841 | +30.5% |
| Equity | 10/15 | €119,556 | €182,324 | +€62,768 | +52.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €116,350 | €116,350 | = | 0.0% |
| Distributable reserves | 133 | €116,350 | €116,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €706 | €63,474 | +€62,768 | +8,891% |
| Amounts payable | 17/49 | €30,750 | €13,823 | -€16,927 | -55.0% |
| Amounts payable within one year | 42/48 | €30,750 | €13,823 | -€16,927 | -55.0% |
| Trade debts | 44 | €7,540 | €10,870 | +€3,330 | +44.2% |
| Suppliers | 440/4 | €7,540 | €10,870 | +€3,330 | +44.2% |
| Taxes, remuneration and social security | 45 | €22,643 | €2,953 | -€19,690 | -87.0% |
| Taxes | 450/3 | €22,643 | €2,953 | -€19,690 | -87.0% |
| Other amounts payable | 47/48 | €567 | - | -€567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,201 | €2,040 | -€161 | -7.3% |
| Other operating charges | 640/8 | €90 | €67 | -€23 | -25.6% |
| Gross operating margin | 9900 | €72,370 | €81,313 | +€8,943 | +12.4% |
| Operating profit (loss) | 9901 | €70,079 | €79,206 | +€9,127 | +13.0% |
| Financial charges | 65/66B | €63 | €66 | +€3 | +4.8% |
| Recurring financial charges | 65 | €63 | €66 | +€3 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €70,016 | €79,140 | +€9,124 | +13.0% |
| Income taxes | 67/77 | €19,566 | €16,372 | -€3,194 | -16.3% |
| Profit (loss) for the period | 9904 | €50,450 | €62,768 | +€12,318 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,450 | €62,768 | +€12,318 | +24.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.