SENTINALCO: 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.
What changed
SENTINALCO
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€424,530
2024 · €146,266+€278,263
Equity
€976,408
2024 · €1.1m-€79,487
Cash
€87,403
2024 · €65,672+€21,731
Balance sheet total
€3.0m
2024 · €2.7m+€220,807
Largest movements
Assets
- Stocks and contracts +€285,157
up €285,157 (+23.7%), from €1.2m to €1.5m
- Tangible fixed assets -€96,194
down €96,194 (-16.7%), from €574,883 to €478,689
of which Plant, machinery and equipment: -€113,573
Equity and liabilities
- Short-term financial debts +€348,311
up €348,311 (+20616.3%), from €1,689 to €350,000
- Other debts +€252,643
up €252,643 (+63.5%), from €398,000 to €650,643
- Debts after one year -€190,125
down €190,125 (-44.7%), from €425,347 to €235,221
- Trade debts -€89,525
down €89,525 (-16.5%), from €543,181 to €453,657
of which Suppliers: -€89,525
- Reserves -€75,470
down €75,470 (-8.2%), from €925,251 to €849,781
of which Distributable reserves: -€75,470
Income statement
- Gross operating margin +€348,993
up €348,993 (+36.3%), from €960,891 to €1.3m
- Staff costs +€96,844
up €96,844 (+19.2%), from €504,764 to €601,608
- Depreciation -€30,051
down €30,051 (-13.0%), from €231,064 to €201,013
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
€146,266
Gross operating margin
+€348,993
Staff costs
-€96,844
Depreciation
+€30,051
Write-downs
+€825
Provisions
+€1,480
Other operating charges
+€51
Other operating items
-€10,000
Financial income
-€5,533
Financial charges
+€3,329
Taxes
+€5,912
Result 2025
€424,530
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.
From operations
+€464,829
Investment
-€95,617
Financing
-€347,481
Cash 2024
€65,672
From operations (derived)
+€464,829
Net result for the year
+€424,530
Depreciation
+€201,013
Stocks and contracts
-€285,157
Receivables within one year
-€2,980
Deferred charges and accrued income
-€16,336
Provisions
-€1,480
Trade debts
-€89,525
Tax, wage and social debts
-€15,228
Other debts
+€252,643
Accrued charges and deferred income
-€2,653
Investment (derived)
-€95,617
Investment in fixed assets (net)
-€95,617
Financing
-€347,481
Debts after one year
-€190,125
Current portion of long-term debt
-€1,649
Short-term financial debts
+€348,311
Contributions, distributions and other
-€504,017
Cash 2025
€87,403
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,732,308 | €2,953,115 | +€220,807 | +8.1% |
| Fixed assets | 21/28 | €590,547 | €485,151 | -€105,396 | -17.8% |
| Intangible fixed assets | 21 | €12,949 | €3,747 | -€9,202 | -71.1% |
| Tangible fixed assets | 22/27 | €574,883 | €478,689 | -€96,194 | -16.7% |
| Plant, machinery and equipment | 23 | €437,735 | €324,163 | -€113,573 | -25.9% |
| Furniture and vehicles | 24 | €136,108 | €154,526 | +€18,419 | +13.5% |
| Assets under construction and advance payments | 27 | €1,040 | €0 | -€1,040 | -100.0% |
| Financial fixed assets | 28 | €2,715 | €2,715 | = | 0.0% |
| Current assets | 29/58 | €2,141,761 | €2,467,964 | +€326,203 | +15.2% |
| Stocks and contracts in progress | 3 | €1,204,988 | €1,490,145 | +€285,157 | +23.7% |
| Stocks | 30/36 | €1,204,988 | €1,490,145 | +€285,157 | +23.7% |
| Amounts receivable within one year | 40/41 | €844,872 | €847,852 | +€2,980 | +0.4% |
| Trade receivables | 40 | €736,630 | €732,223 | -€4,407 | -0.6% |
| Other amounts receivable | 41 | €108,242 | €115,629 | +€7,387 | +6.8% |
| Cash at bank and in hand | 54/58 | €65,672 | €87,403 | +€21,731 | +33.1% |
| Deferred charges and accrued income | 490/1 | €26,228 | €42,564 | +€16,336 | +62.3% |
| Total equity and liabilities | 10/49 | €2,732,308 | €2,953,115 | +€220,807 | +8.1% |
| Equity | 10/15 | €1,055,895 | €976,408 | -€79,487 | -7.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €925,251 | €849,781 | -€75,470 | -8.2% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €917,751 | €842,281 | -€75,470 | -8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €55,644 | €51,627 | -€4,017 | -7.2% |
| Provisions and deferred taxes | 16 | €11,480 | €10,000 | -€1,480 | -12.9% |
| Provisions for liabilities and charges | 160/5 | €11,480 | €10,000 | -€1,480 | -12.9% |
| Other liabilities and charges | 164/5 | €11,480 | €10,000 | -€1,480 | -12.9% |
| Amounts payable | 17/49 | €1,664,933 | €1,966,707 | +€301,774 | +18.1% |
| Amounts payable after more than one year | 17 | €425,347 | €235,221 | -€190,125 | -44.7% |
| Financial debts | 170/4 | €425,347 | €235,221 | -€190,125 | -44.7% |
| Amounts payable within one year | 42/48 | €1,235,786 | €1,730,338 | +€494,553 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €214,583 | €212,934 | -€1,649 | -0.8% |
| Financial debts | 43 | €1,689 | €350,000 | +€348,311 | +20616.3% |
| Credit institutions | 430/8 | €1,689 | €350,000 | +€348,311 | +20616.3% |
| Trade debts | 44 | €543,181 | €453,657 | -€89,525 | -16.5% |
| Suppliers | 440/4 | €543,181 | €453,657 | -€89,525 | -16.5% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €78,332 | €63,104 | -€15,228 | -19.4% |
| Taxes | 450/3 | €11,300 | €0 | -€11,300 | -100.0% |
| Remuneration and social security | 454/9 | €67,032 | €63,104 | -€3,928 | -5.9% |
| Other amounts payable | 47/48 | €398,000 | €650,643 | +€252,643 | +63.5% |
| Accrued charges and deferred income | 492/3 | €3,800 | €1,147 | -€2,653 | -69.8% |
| Non-recurring operating income | 76A | €500 | €6,750 | +€6,250 | +1250.0% |
| Remuneration, social security and pensions | 62 | €504,764 | €601,608 | +€96,844 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,064 | €201,013 | -€30,051 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €825 | €0 | -€825 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€1,480 | -€1,480 | |
| Other operating charges | 640/8 | €3,385 | €3,333 | -€51 | -1.5% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €960,891 | €1,309,884 | +€348,993 | +36.3% |
| Operating profit (loss) | 9901 | €220,853 | €495,409 | +€274,556 | +124.3% |
| Financial income | 75/76B | €11,916 | €6,383 | -€5,533 | -46.4% |
| Recurring financial income | 75 | €11,916 | €6,383 | -€5,533 | -46.4% |
| Financial charges | 65/66B | €79,844 | €76,516 | -€3,329 | -4.2% |
| Recurring financial charges | 65 | €79,844 | €76,516 | -€3,329 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €152,925 | €425,276 | +€272,351 | +178.1% |
| Income taxes | 67/77 | €6,658 | €747 | -€5,912 | -88.8% |
| Profit (loss) for the period | 9904 | €146,266 | €424,530 | +€278,263 | +190.2% |
| Profit (loss) for the period to be appropriated | 9905 | €146,266 | €424,530 | +€278,263 | +190.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.