Sentery: 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.
What changed
Sentery
NACE 80.010, Investigation and private security services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€124,406
2024 · €108,201+€16,206
Equity
€356,083
2024 · €231,677+€124,406
Cash
€15,311
2024 · €12,168+€3,143
Balance sheet total
€1.3m
2024 · €1.6m-€252,101
Largest movements
Assets
- Receivables within one year -€237,334
down €237,334 (-68.4%), from €346,770 to €109,436
of which Trade receivables: -€250,805
- Intangible fixed assets -€16,560
down €16,560 (-17.4%), from €94,947 to €78,387
Equity and liabilities
- Trade debts -€171,245
down €171,245 (-87.9%), from €194,891 to €23,646
- Debts after one year -€149,233
down €149,233 (-18.8%), from €792,663 to €643,430
- Reserves +€124,406
up €124,406 (+58.8%), from €211,677 to €336,083
- Tax, wage and social debts -€112,352
down €112,352 (-62.2%), from €180,667 to €68,316
of which Remuneration and social security: -€68,273
- Current portion of long-term debt +€30,447
up €30,447 (+20.5%), from €148,857 to €179,304
Income statement
- Staff costs -€614,371
down €614,371 (-68.8%), from €892,470 to €278,099
- Gross operating margin -€594,445
down €594,445 (-53.1%), from €1.1m to €524,807
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.
Result 2024
€108,201
Gross operating margin
-€594,445
Staff costs
+€614,371
Depreciation
-€7,762
Write-downs
+€7,940
Other operating charges
-€2,345
Financial income
-€362
Financial charges
+€6,404
Taxes
-€7,595
Result 2025
€124,406
raises the resultlowers the result
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.
From operations
+€120,281
Investment
-€12,459
Financing
-€104,679
Cash 2024
€12,168
From operations (derived)
+€120,281
Net result for the year
+€124,406
Depreciation
+€29,464
Receivables within one year
+€237,334
Deferred charges and accrued income
+€905
Trade debts
-€171,245
Tax, wage and social debts
-€112,352
Advances received
+€9,175
Other debts
+€7,066
Accrued charges and deferred income
-€4,472
Investment (derived)
-€12,459
Investment in fixed assets (net)
-€12,459
Financing
-€104,679
Debts after one year
-€149,233
Current portion of long-term debt
+€30,447
Short-term financial debts
+€14,107
Cash 2025
€15,311
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,589,271 | €1,337,170 | -€252,101 | -15.9% |
| Formation expenses | 20 | €109 | - | -€109 | |
| Fixed assets | 21/28 | €1,091,448 | €1,074,553 | -€16,896 | -1.5% |
| Intangible fixed assets | 21 | €94,947 | €78,387 | -€16,560 | -17.4% |
| Tangible fixed assets | 22/27 | €46,501 | €46,165 | -€336 | -0.7% |
| Plant, machinery and equipment | 23 | €15,021 | €12,789 | -€2,232 | -14.9% |
| Furniture and vehicles | 24 | €2,049 | €2,517 | +€468 | +22.9% |
| Leasing and similar rights | 25 | €25,577 | €20,422 | -€5,155 | -20.2% |
| Other tangible fixed assets | 26 | €3,855 | €10,438 | +€6,583 | +171% |
| Financial fixed assets | 28 | €950,000 | €950,000 | = | 0.0% |
| Current assets | 29/58 | €497,714 | €262,617 | -€235,096 | -47.2% |
| Amounts receivable after more than one year | 29 | €132,225 | €132,225 | = | 0.0% |
| Other amounts receivable | 291 | €132,225 | €132,225 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €346,770 | €109,436 | -€237,334 | -68.4% |
| Trade receivables | 40 | €341,805 | €91,000 | -€250,805 | -73.4% |
| Other amounts receivable | 41 | €4,965 | €18,436 | +€13,471 | +271% |
| Cash at bank and in hand | 54/58 | €12,168 | €15,311 | +€3,143 | +25.8% |
| Deferred charges and accrued income | 490/1 | €6,551 | €5,645 | -€905 | -13.8% |
| Total equity and liabilities | 10/49 | €1,589,271 | €1,337,170 | -€252,101 | -15.9% |
| Equity | 10/15 | €231,677 | €356,083 | +€124,406 | +53.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €211,677 | €336,083 | +€124,406 | +58.8% |
| Distributable reserves | 133 | €211,677 | €336,083 | +€124,406 | +58.8% |
| Amounts payable | 17/49 | €1,357,594 | €981,087 | -€376,507 | -27.7% |
| Amounts payable after more than one year | 17 | €792,663 | €643,430 | -€149,233 | -18.8% |
| Financial debts | 170/4 | €792,663 | €643,430 | -€149,233 | -18.8% |
| Amounts payable within one year | 42/48 | €547,674 | €324,871 | -€222,803 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €148,857 | €179,304 | +€30,447 | +20.5% |
| Financial debts | 43 | €21,805 | €35,912 | +€14,107 | +64.7% |
| Credit institutions | 430/8 | €21,805 | €35,912 | +€14,107 | +64.7% |
| Trade debts | 44 | €194,891 | €23,646 | -€171,245 | -87.9% |
| Suppliers | 440/4 | €194,891 | €23,646 | -€171,245 | -87.9% |
| Advances received on contracts in progress | 46 | - | €9,175 | +€9,175 | |
| Taxes, remuneration and social security | 45 | €180,667 | €68,316 | -€112,352 | -62.2% |
| Taxes | 450/3 | €77,981 | €33,902 | -€44,078 | -56.5% |
| Remuneration and social security | 454/9 | €102,686 | €34,413 | -€68,273 | -66.5% |
| Other amounts payable | 47/48 | €1,453 | €8,519 | +€7,066 | +486% |
| Accrued charges and deferred income | 492/3 | €17,258 | €12,786 | -€4,472 | -25.9% |
| Non-recurring operating income | 76A | €5,366 | - | -€5,366 | |
| Remuneration, social security and pensions | 62 | €892,470 | €278,099 | -€614,371 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,702 | €29,464 | +€7,762 | +35.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,940 | - | -€7,940 | |
| Other operating charges | 640/8 | €8,769 | €11,113 | +€2,345 | +26.7% |
| Gross operating margin | 9900 | €1,119,252 | €524,807 | -€594,445 | -53.1% |
| Operating profit (loss) | 9901 | €188,372 | €206,130 | +€17,758 | +9.4% |
| Financial income | 75/76B | €742 | €381 | -€362 | -48.7% |
| Recurring financial income | 75 | €742 | €381 | -€362 | -48.7% |
| Financial charges | 65/66B | €48,800 | €42,396 | -€6,404 | -13.1% |
| Recurring financial charges | 65 | €48,800 | €42,396 | -€6,404 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €140,314 | €164,115 | +€23,801 | +17.0% |
| Income taxes | 67/77 | €32,113 | €39,709 | +€7,595 | +23.7% |
| Profit (loss) for the period | 9904 | €108,201 | €124,406 | +€16,206 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,201 | €124,406 | +€16,206 | +15.0% |
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 17 October 2026 via checked.be.