SENTINEL: 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
SENTINEL
NACE 77.210, Renting and leasing of sports and recreation goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€76,916
2024 · -€129,553+€52,637
Equity
€231,068
2024 · €307,984-€76,916
Cash
€106,213
2024 · €116,401-€10,188
Balance sheet total
€2.1m
2024 · €2.3m-€157,842
Largest movements
Assets
- Financial fixed assets +€215,071
up €215,071 (+64.3%), from €334,506 to €549,577
- Intangible fixed assets -€209,340
down €209,340 (-17.3%), from €1.2m to €1.0m
- Receivables within one year -€126,280
down €126,280 (-41.6%), from €303,273 to €176,993
of which Trade receivables: -€128,179
Equity and liabilities
- Advances received +€169,346
up €169,346 (+69.8%), from €242,558 to €411,904
- Current portion of long-term debt -€151,789
down €151,789 (-25.0%), from €606,227 to €454,437
- Debts after one year -€129,323
down €129,323 (-13.9%), from €927,274 to €797,951
of which Financial debts: -€132,748
- Profit (loss) carried forward -€76,916
down €76,916 (-6.9%), from -€1.1m to -€1.2m
- Trade debts +€73,080
up €73,080 (+121.8%), from €59,994 to €133,074
Income statement
- Depreciation -€45,894
down €45,894 (-8.1%), from €566,370 to €520,476
- Financial charges -€21,305
down €21,305 (-35.9%), from €59,371 to €38,066
- Gross operating margin -€13,427
down €13,427 (-2.4%), from €553,284 to €539,857
- Other operating charges -€10,737
down €10,737 (-38.0%), from €28,248 to €17,510
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
-€129,553
Gross operating margin
-€13,427
Staff costs
-€5,209
Depreciation
+€45,894
Other operating charges
+€10,737
Other operating items
-€10,398
Financial income
+€3,735
Financial charges
+€21,305
Result 2025
-€76,916
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
+€810,093
Investment
-€514,341
Financing
-€305,940
Cash 2024
€116,401
From operations (derived)
+€810,093
Net result for the year
-€76,916
Depreciation
+€520,476
Stocks and contracts
+€13,185
Receivables within one year
+€126,280
Deferred charges and accrued income
+€2,054
Trade debts
+€73,080
Tax, wage and social debts
-€15,380
Advances received
+€169,346
Accrued charges and deferred income
-€2,032
Investment (derived)
-€514,341
Investment in fixed assets (net)
-€514,341
Financing
-€305,940
Debts after one year
-€129,323
Current portion of long-term debt
-€151,789
Short-term financial debts
-€24,828
Cash 2025
€106,213
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,255,689 | €2,097,847 | -€157,842 | -7.0% |
| Fixed assets | 21/28 | €1,576,968 | €1,570,833 | -€6,135 | -0.4% |
| Intangible fixed assets | 21 | €1,211,223 | €1,001,884 | -€209,340 | -17.3% |
| Tangible fixed assets | 22/27 | €31,239 | €19,372 | -€11,867 | -38.0% |
| Plant, machinery and equipment | 23 | €9,544 | €5,789 | -€3,755 | -39.3% |
| Furniture and vehicles | 24 | €983 | €0 | -€983 | -100.0% |
| Leasing and similar rights | 25 | €20,337 | €13,583 | -€6,754 | -33.2% |
| Other tangible fixed assets | 26 | €374 | €0 | -€374 | -100.0% |
| Financial fixed assets | 28 | €334,506 | €549,577 | +€215,071 | +64.3% |
| Current assets | 29/58 | €678,721 | €527,015 | -€151,706 | -22.4% |
| Stocks and contracts in progress | 3 | €235,013 | €221,828 | -€13,185 | -5.6% |
| Stocks | 30/36 | €235,013 | €221,828 | -€13,185 | -5.6% |
| Amounts receivable within one year | 40/41 | €303,273 | €176,993 | -€126,280 | -41.6% |
| Trade receivables | 40 | €299,833 | €171,654 | -€128,179 | -42.8% |
| Other amounts receivable | 41 | €3,440 | €5,339 | +€1,899 | +55.2% |
| Cash at bank and in hand | 54/58 | €116,401 | €106,213 | -€10,188 | -8.8% |
| Deferred charges and accrued income | 490/1 | €24,034 | €21,981 | -€2,054 | -8.5% |
| Total equity and liabilities | 10/49 | €2,255,689 | €2,097,847 | -€157,842 | -7.0% |
| Equity | 10/15 | €307,984 | €231,068 | -€76,916 | -25.0% |
| Contributions | 10/11 | €1,427,666 | €1,427,666 | = | 0.0% |
| Capital | 10 | €575,917 | €575,917 | = | 0.0% |
| Issued capital | 100 | €575,917 | €575,917 | = | 0.0% |
| Outside capital | 11 | €851,748 | €851,748 | = | 0.0% |
| Share premium | 1100/10 | €851,748 | €851,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,119,682 | -€1,196,598 | -€76,916 | -6.9% |
| Amounts payable | 17/49 | €1,947,706 | €1,866,779 | -€80,926 | -4.2% |
| Amounts payable after more than one year | 17 | €927,274 | €797,951 | -€129,323 | -13.9% |
| Financial debts | 170/4 | €866,974 | €734,225 | -€132,748 | -15.3% |
| Other amounts payable | 178/9 | €60,301 | €63,726 | +€3,425 | +5.7% |
| Amounts payable within one year | 42/48 | €1,015,156 | €1,065,585 | +€50,429 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €606,227 | €454,437 | -€151,789 | -25.0% |
| Financial debts | 43 | €75,000 | €50,172 | -€24,828 | -33.1% |
| Credit institutions | 430/8 | €75,000 | €50,172 | -€24,828 | -33.1% |
| Trade debts | 44 | €59,994 | €133,074 | +€73,080 | +121.8% |
| Suppliers | 440/4 | €59,994 | €133,074 | +€73,080 | +121.8% |
| Advances received on contracts in progress | 46 | €242,558 | €411,904 | +€169,346 | +69.8% |
| Taxes, remuneration and social security | 45 | €31,377 | €15,997 | -€15,380 | -49.0% |
| Taxes | 450/3 | €24,180 | €7,418 | -€16,762 | -69.3% |
| Remuneration and social security | 454/9 | €7,197 | €8,579 | +€1,382 | +19.2% |
| Accrued charges and deferred income | 492/3 | €5,276 | €3,243 | -€2,032 | -38.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,986 | €40,195 | +€5,209 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566,370 | €520,476 | -€45,894 | -8.1% |
| Other operating charges | 640/8 | €28,248 | €17,510 | -€10,737 | -38.0% |
| Non-recurring operating charges | 66A | €4,602 | €15,000 | +€10,398 | +225.9% |
| Gross operating margin | 9900 | €553,284 | €539,857 | -€13,427 | -2.4% |
| Operating profit (loss) | 9901 | -€80,922 | -€53,325 | +€27,597 | +34.1% |
| Financial income | 75/76B | €10,740 | €14,475 | +€3,735 | +34.8% |
| Recurring financial income | 75 | €10,740 | €14,475 | +€3,735 | +34.8% |
| Financial charges | 65/66B | €59,371 | €38,066 | -€21,305 | -35.9% |
| Recurring financial charges | 65 | €59,371 | €38,066 | -€21,305 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€129,553 | -€76,916 | +€52,637 | +40.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€129,553 | -€76,916 | +€52,637 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,553 | -€76,916 | +€52,637 | +40.6% |
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 8 October 2026 via checked.be.