LA SENTINELLE: 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.
LA SENTINELLE
Largest movements
- Receivables within one year -€14,519
down €14,519 (-69.9%), from €20,758 to €6,239
of which Trade receivables: -€15,014
- Tangible fixed assets -€8,777
down €8,777 (-11.8%), from €74,669 to €65,892
of which Plant, machinery and equipment: -€8,071
- Cash +€2,052
up €2,052 (+9.2%), from €22,239 to €24,291
mainly Depreciation (+€24,005) and Receivables within one year (+€14,519)
- Debts after one year -€8,397
down €8,397 (-56.3%), from €14,918 to €6,522
- Other debts -€5,692
down €5,692 (-86.3%), from €6,599 to €907
- Tax, wage and social debts -€4,614
down €4,614 (-47.5%), from €9,713 to €5,099
of which Taxes: -€3,032
- Trade debts -€3,353
down €3,353 (-64.6%), from €5,192 to €1,838
- Gross operating margin -€28,098
down €28,098 (-41.4%), from €67,870 to €39,772
- Staff costs -€6,624
down €6,624 (-34.4%), from €19,261 to €12,637
- Taxes -€3,465
down €3,465 (-64.0%), from €5,414 to €1,949
- Other operating charges -€1,389
down €1,389 (-61.8%), from €2,249 to €860
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 | €119,836 | €97,432 | -€22,404 | -18.7% |
| Fixed assets | 21/28 | €75,015 | €66,238 | -€8,777 | -11.7% |
| Tangible fixed assets | 22/27 | €74,669 | €65,892 | -€8,777 | -11.8% |
| Plant, machinery and equipment | 23 | €50,250 | €42,179 | -€8,071 | -16.1% |
| Furniture and vehicles | 24 | €11,177 | €8,258 | -€2,918 | -26.1% |
| Other tangible fixed assets | 26 | €13,243 | €15,455 | +€2,212 | +16.7% |
| Financial fixed assets | 28 | €346 | €346 | = | 0.0% |
| Current assets | 29/58 | €44,821 | €31,194 | -€13,627 | -30.4% |
| Amounts receivable within one year | 40/41 | €20,758 | €6,239 | -€14,519 | -69.9% |
| Trade receivables | 40 | €19,910 | €4,896 | -€15,014 | -75.4% |
| Other amounts receivable | 41 | €848 | €1,343 | +€495 | +58.4% |
| Cash at bank and in hand | 54/58 | €22,239 | €24,291 | +€2,052 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,823 | €664 | -€1,160 | -63.6% |
| Total equity and liabilities | 10/49 | €119,836 | €97,432 | -€22,404 | -18.7% |
| Equity | 10/15 | €74,646 | €73,969 | -€678 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,046 | €55,369 | -€678 | -1.2% |
| Amounts payable | 17/49 | €45,189 | €23,463 | -€21,726 | -48.1% |
| Amounts payable after more than one year | 17 | €14,918 | €6,522 | -€8,397 | -56.3% |
| Financial debts | 170/4 | €14,918 | €6,522 | -€8,397 | -56.3% |
| Amounts payable within one year | 42/48 | €29,571 | €16,241 | -€13,329 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €8,068 | €8,397 | +€329 | +4.1% |
| Trade debts | 44 | €5,192 | €1,838 | -€3,353 | -64.6% |
| Suppliers | 440/4 | €5,192 | €1,838 | -€3,353 | -64.6% |
| Taxes, remuneration and social security | 45 | €9,713 | €5,099 | -€4,614 | -47.5% |
| Taxes | 450/3 | €8,132 | €5,099 | -€3,032 | -37.3% |
| Remuneration and social security | 454/9 | €1,581 | - | -€1,581 | |
| Other amounts payable | 47/48 | €6,599 | €907 | -€5,692 | -86.3% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €19,261 | €12,637 | -€6,624 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,509 | €24,005 | +€496 | +2.1% |
| Other operating charges | 640/8 | €2,249 | €860 | -€1,389 | -61.8% |
| Gross operating margin | 9900 | €67,870 | €39,772 | -€28,098 | -41.4% |
| Operating profit (loss) | 9901 | €22,851 | €2,271 | -€20,580 | -90.1% |
| Financial income | 75/76B | €17 | €18 | +€1 | +8.1% |
| Recurring financial income | 75 | €17 | €18 | +€1 | +8.1% |
| Financial charges | 65/66B | €1,494 | €1,017 | -€477 | -32.0% |
| Recurring financial charges | 65 | €1,494 | €1,017 | -€477 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €21,373 | €1,272 | -€20,101 | -94.1% |
| Income taxes | 67/77 | €5,414 | €1,949 | -€3,465 | -64.0% |
| Profit (loss) for the period | 9904 | €15,959 | -€678 | -€16,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,959 | -€678 | -€16,636 |
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 29 October 2026 via checked.be.