SENTINEO: 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.
SENTINEO
Largest movements
- Cash -€51,020
down €51,020 (-31.3%), from €163,235 to €112,216
mainly Debts after one year (-€30,317) and Investment in fixed assets (net) (-€27,130)
- Tangible fixed assets -€47,808
down €47,808 (-32.4%), from €147,445 to €99,638
of which Furniture and vehicles: -€46,261
- Intangible fixed assets +€24,315
new in 2025: €24,315
- Receivables within one year +€12,749
up €12,749 (+32.1%), from €39,723 to €52,472
of which Other amounts receivable: +€12,590
- Debts after one year -€30,317
down €30,317 (-36.5%), from €83,147 to €52,830
- Tax, wage and social debts -€14,353
down €14,353 (-33.6%), from €42,662 to €28,309
of which Taxes: -€18,614
- Current portion of long-term debt -€13,766
down €13,766 (-28.7%), from €47,908 to €34,141
- Trade debts -€5,277
down €5,277 (-43.0%), from €12,258 to €6,981
- Gross operating margin -€24,312
down €24,312 (-16.8%), from €144,467 to €120,155
- Depreciation +€11,744
up €11,744 (+30.2%), from €38,879 to €50,623
- Taxes -€9,422
down €9,422 (-77.5%), from €12,162 to €2,740
- Staff costs -€1,703
down €1,703 (-2.8%), from €60,253 to €58,550
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,713 | €289,113 | -€62,601 | -17.8% |
| Fixed assets | 21/28 | €147,445 | €123,953 | -€23,493 | -15.9% |
| Intangible fixed assets | 21 | - | €24,315 | +€24,315 | |
| Tangible fixed assets | 22/27 | €147,445 | €99,638 | -€47,808 | -32.4% |
| Plant, machinery and equipment | 23 | €10,101 | €8,554 | -€1,546 | -15.3% |
| Furniture and vehicles | 24 | €137,345 | €91,083 | -€46,261 | -33.7% |
| Current assets | 29/58 | €204,268 | €165,160 | -€39,108 | -19.1% |
| Amounts receivable within one year | 40/41 | €39,723 | €52,472 | +€12,749 | +32.1% |
| Trade receivables | 40 | €34,968 | €35,127 | +€159 | +0.5% |
| Other amounts receivable | 41 | €4,755 | €17,345 | +€12,590 | +264.7% |
| Cash at bank and in hand | 54/58 | €163,235 | €112,216 | -€51,020 | -31.3% |
| Deferred charges and accrued income | 490/1 | €1,310 | €472 | -€837 | -63.9% |
| Total equity and liabilities | 10/49 | €351,713 | €289,113 | -€62,601 | -17.8% |
| Equity | 10/15 | €152,486 | €154,267 | +€1,781 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,486 | €149,267 | +€1,781 | +1.2% |
| Distributable reserves | 133 | €147,486 | €149,267 | +€1,781 | +1.2% |
| Amounts payable | 17/49 | €199,228 | €134,846 | -€64,381 | -32.3% |
| Amounts payable after more than one year | 17 | €83,147 | €52,830 | -€30,317 | -36.5% |
| Financial debts | 170/4 | €83,147 | €52,830 | -€30,317 | -36.5% |
| Amounts payable within one year | 42/48 | €115,448 | €81,353 | -€34,095 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €47,908 | €34,141 | -€13,766 | -28.7% |
| Financial debts | 43 | €4,194 | €1,247 | -€2,947 | -70.3% |
| Credit institutions | 430/8 | €4,194 | €1,247 | -€2,947 | -70.3% |
| Trade debts | 44 | €12,258 | €6,981 | -€5,277 | -43.0% |
| Suppliers | 440/4 | €12,258 | €6,981 | -€5,277 | -43.0% |
| Taxes, remuneration and social security | 45 | €42,662 | €28,309 | -€14,353 | -33.6% |
| Taxes | 450/3 | €31,778 | €13,164 | -€18,614 | -58.6% |
| Remuneration and social security | 454/9 | €10,884 | €15,145 | +€4,261 | +39.2% |
| Other amounts payable | 47/48 | €8,426 | €10,674 | +€2,248 | +26.7% |
| Accrued charges and deferred income | 492/3 | €632 | €663 | +€31 | +4.9% |
| Remuneration, social security and pensions | 62 | €60,253 | €58,550 | -€1,703 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,879 | €50,623 | +€11,744 | +30.2% |
| Other operating charges | 640/8 | €1,284 | €1,821 | +€537 | +41.8% |
| Gross operating margin | 9900 | €144,467 | €120,155 | -€24,312 | -16.8% |
| Operating profit (loss) | 9901 | €44,050 | €9,161 | -€34,889 | -79.2% |
| Financial income | 75/76B | €240 | €369 | +€129 | +54.0% |
| Recurring financial income | 75 | €240 | €369 | +€129 | +54.0% |
| Financial charges | 65/66B | €4,063 | €5,009 | +€946 | +23.3% |
| Recurring financial charges | 65 | €4,063 | €5,009 | +€946 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €40,226 | €4,520 | -€35,706 | -88.8% |
| Income taxes | 67/77 | €12,162 | €2,740 | -€9,422 | -77.5% |
| Profit (loss) for the period | 9904 | €28,064 | €1,781 | -€26,284 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,064 | €1,781 | -€26,284 | -93.7% |
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 11 October 2026 via checked.be.