SZEN: what changed
Two fiscal 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.
SZEN
Largest movements
- Receivables within one year +€70,305
up €70,305 (+565.0%), from €12,443 to €82,748
of which Trade receivables: +€69,858
- Cash -€2,173
down €2,173 (-63.3%), from €3,431 to €1,258
mainly Receivables within one year (-€70,305) and Tax, wage and social debts (-€21,547)
- Other debts +€48,518
up €48,518 (+2963.7%), from €1,637 to €50,155
- Profit (loss) carried forward +€30,282
up €30,282 (+85.7%), from -€35,315 to -€5,033
- Tax, wage and social debts -€21,547
down €21,547 (-65.6%), from €32,839 to €11,292
of which Remuneration and social security: -€27,860
- Trade debts +€10,880
up €10,880 (+92.9%), from €11,712 to €22,592
- Gross operating margin +€65,634
up €65,634, from -€35,206 to €30,428
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.
Cash bridge derived
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 | €15,874 | €84,006 | +€68,132 | +429.2% |
| Current assets | 29/58 | €15,874 | €84,006 | +€68,132 | +429.2% |
| Amounts receivable within one year | 40/41 | €12,443 | €82,748 | +€70,305 | +565.0% |
| Trade receivables | 40 | €12,172 | €82,030 | +€69,858 | +573.9% |
| Other amounts receivable | 41 | €271 | €717 | +€447 | +165.1% |
| Cash at bank and in hand | 54/58 | €3,431 | €1,258 | -€2,173 | -63.3% |
| Total equity and liabilities | 10/49 | €15,874 | €84,006 | +€68,132 | +429.2% |
| Equity | 10/15 | -€30,315 | -€33 | +€30,282 | +99.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,315 | -€5,033 | +€30,282 | +85.7% |
| Amounts payable | 17/49 | €46,189 | €84,039 | +€37,850 | +81.9% |
| Amounts payable within one year | 42/48 | €46,189 | €84,039 | +€37,850 | +81.9% |
| Trade debts | 44 | €11,712 | €22,592 | +€10,880 | +92.9% |
| Suppliers | 440/4 | €11,712 | €22,592 | +€10,880 | +92.9% |
| Taxes, remuneration and social security | 45 | €32,839 | €11,292 | -€21,547 | -65.6% |
| Taxes | 450/3 | €4,979 | €11,292 | +€6,313 | +126.8% |
| Remuneration and social security | 454/9 | €27,860 | - | -€27,860 | |
| Other amounts payable | 47/48 | €1,637 | €50,155 | +€48,518 | +2963.7% |
| Other operating charges | 640/8 | €73 | - | -€73 | |
| Gross operating margin | 9900 | -€35,206 | €30,428 | +€65,634 | |
| Operating profit (loss) | 9901 | -€35,279 | €30,428 | +€65,707 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €40 | €146 | +€106 | +266.7% |
| Recurring financial charges | 65 | €40 | €146 | +€106 | +266.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,315 | €30,282 | +€65,597 | |
| Profit (loss) for the period | 9904 | -€35,315 | €30,282 | +€65,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,315 | €30,282 | +€65,597 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.