Sentea: 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.
Sentea
Largest movements
- Cash +€745,125
up €745,125 (+355%), from €209,850 to €954,975
mainly Contributions, distributions and other (+€2.0m) and Depreciation (+€561,804)
- Receivables within one year +€200,478
up €200,478 (+34.7%), from €578,107 to €778,585
of which Trade receivables: +€117,521
- Intangible fixed assets -€143,010
down €143,010 (-23.1%), from €619,086 to €476,076
- Stocks and contracts -€53,479
down €53,479 (-18.7%), from €286,455 to €232,976
- Tangible fixed assets -€47,285
down €47,285 (-58.0%), from €81,532 to €34,247
of which Plant, machinery and equipment: -€45,933
- Profit (loss) carried forward +€318,250
up €318,250 (+29.4%), from -€1.1m to -€763,212
- Debts after one year +€238,752
new in 2025: €238,752
- Investment grants +€150,809
up €150,809 (+67.2%), from €224,310 to €375,119
- Contributions -€92,168
down €92,168 (-3.8%), from €2.4m to €2.3m
of which Capital: -€92,168
- Current portion of long-term debt +€61,248
new in 2025: €61,248
- Purchases and services +€1.8m
new in 2025: €1.8m
- Turnover +€913,263
new in 2025: €913,263
- Financial income +€77,985
up €77,985 (+33.5%), from €233,006 to €310,991
- Financial charges +€70,805
up €70,805 (+2,258%), from €3,136 to €73,941
- Staff costs +€58,158
up €58,158 (+7.2%), from €811,020 to €869,178
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 | €1,926,328 | €2,664,900 | +€738,573 | +38.3% |
| Fixed assets | 21/28 | €746,580 | €558,949 | -€187,632 | -25.1% |
| Intangible fixed assets | 21 | €619,086 | €476,076 | -€143,010 | -23.1% |
| Tangible fixed assets | 22/27 | €81,532 | €34,247 | -€47,285 | -58.0% |
| Plant, machinery and equipment | 23 | €78,438 | €32,505 | -€45,933 | -58.6% |
| Furniture and vehicles | 24 | €3,094 | €1,742 | -€1,352 | -43.7% |
| Financial fixed assets | 28 | €45,963 | €48,627 | +€2,664 | +5.8% |
| Current assets | 29/58 | €1,179,747 | €2,105,952 | +€926,204 | +78.5% |
| Amounts receivable after more than one year | 29 | €57,824 | €92,922 | +€35,098 | +60.7% |
| Other amounts receivable | 291 | €57,824 | €92,922 | +€35,098 | +60.7% |
| Stocks and contracts in progress | 3 | €286,455 | €232,976 | -€53,479 | -18.7% |
| Stocks | 30/36 | €286,455 | €232,976 | -€53,479 | -18.7% |
| Amounts receivable within one year | 40/41 | €578,107 | €778,585 | +€200,478 | +34.7% |
| Trade receivables | 40 | €165,340 | €282,861 | +€117,521 | +71.1% |
| Other amounts receivable | 41 | €412,767 | €495,724 | +€82,957 | +20.1% |
| Cash at bank and in hand | 54/58 | €209,850 | €954,975 | +€745,125 | +355% |
| Deferred charges and accrued income | 490/1 | €47,512 | €46,494 | -€1,018 | -2.1% |
| Total equity and liabilities | 10/49 | €1,926,328 | €2,664,900 | +€738,573 | +38.3% |
| Equity | 10/15 | €1,572,898 | €1,949,789 | +€376,891 | +24.0% |
| Contributions | 10/11 | €2,430,050 | €2,337,882 | -€92,168 | -3.8% |
| Capital | 10 | €734,525 | €642,357 | -€92,168 | -12.5% |
| Issued capital | 100 | €734,525 | €642,357 | -€92,168 | -12.5% |
| Contributions outside capital | 11 | €1,695,525 | €1,695,525 | = | 0.0% |
| Share premium | 1100/10 | €1,695,525 | €1,695,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,081,462 | -€763,212 | +€318,250 | +29.4% |
| Investment grants | 15 | €224,310 | €375,119 | +€150,809 | +67.2% |
| Amounts payable | 17/49 | €353,430 | €715,112 | +€361,682 | +102% |
| Amounts payable after more than one year | 17 | - | €238,752 | +€238,752 | |
| Financial debts | 170/4 | - | €238,752 | +€238,752 | |
| Amounts payable within one year | 42/48 | €353,430 | €476,360 | +€122,930 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | - | €61,248 | +€61,248 | |
| Trade debts | 44 | €187,680 | €239,711 | +€52,031 | +27.7% |
| Suppliers | 440/4 | €187,680 | €239,711 | +€52,031 | +27.7% |
| Taxes, remuneration and social security | 45 | €165,750 | €175,401 | +€9,651 | +5.8% |
| Taxes | 450/3 | €0 | €13,654 | +€13,654 | |
| Remuneration and social security | 454/9 | €165,750 | €161,747 | -€4,003 | -2.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €913,263 | +€913,263 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,843,541 | +€1.8m | |
| Remuneration, social security and pensions | 62 | €811,020 | €869,178 | +€58,158 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545,676 | €561,804 | +€16,128 | +3.0% |
| Other operating charges | 640/8 | €1,249 | €1,375 | +€126 | +10.1% |
| Gross operating margin | 9900 | -€431,425 | -€448,567 | -€17,143 | -4.0% |
| Operating profit (loss) | 9901 | -€1,789,370 | -€1,880,925 | -€91,555 | -5.1% |
| Financial income | 75/76B | €233,006 | €310,991 | +€77,985 | +33.5% |
| Recurring financial income | 75 | €233,006 | €310,991 | +€77,985 | +33.5% |
| Financial charges | 65/66B | €3,136 | €73,941 | +€70,805 | +2,258% |
| Recurring financial charges | 65 | €3,136 | €73,941 | +€70,805 | +2,258% |
| Profit (loss) for the period before taxes | 9903 | -€1,559,499 | -€1,643,875 | -€84,376 | -5.4% |
| Income taxes | 67/77 | -€28,037 | -€12,125 | +€15,913 | +56.8% |
| Profit (loss) for the period | 9904 | -€1,531,462 | -€1,631,750 | -€100,289 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,531,462 | -€1,631,750 | -€100,289 | -6.5% |
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 18 October 2026 via checked.be.