E-ntrepreneur: 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.
E-ntrepreneur
Largest movements
- Receivables within one year +€21,339
up €21,339 (+55.6%), from €38,398 to €59,738
of which Other amounts receivable: +€18,111
- Tangible fixed assets -€12,670
down €12,670 (-21.0%), from €60,349 to €47,679
of which Leasing and similar rights: -€13,872
- Cash -€8,168
no longer reported in 2025 (was €8,168)
mainly Receivables within one year (-€21,339) and Debts after one year (-€11,819)
- Debts after one year -€11,819
down €11,819 (-30.1%), from €39,260 to €27,441
- Short-term financial debts +€4,935
new in 2025: €4,935
- Reserves +€4,265
up €4,265 (+16.5%), from €25,786 to €30,051
- Tax, wage and social debts +€1,528
up €1,528 (+14.2%), from €10,784 to €12,312
of which Remuneration and social security: +€2,304
- Gross operating margin -€75,751
down €75,751 (-71.9%), from €105,416 to €29,665
- Taxes -€16,080
down €16,080 (-75.3%), from €21,346 to €5,265
- Depreciation +€4,150
up €4,150 (+38.7%), from €10,720 to €14,870
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 | €107,236 | €107,669 | +€433 | +0.4% |
| Fixed assets | 21/28 | €60,349 | €47,679 | -€12,670 | -21.0% |
| Tangible fixed assets | 22/27 | €60,349 | €47,679 | -€12,670 | -21.0% |
| Plant, machinery and equipment | 23 | €1,109 | €2,310 | +€1,202 | +108% |
| Leasing and similar rights | 25 | €59,240 | €45,368 | -€13,872 | -23.4% |
| Current assets | 29/58 | €46,887 | €59,990 | +€13,103 | +27.9% |
| Amounts receivable within one year | 40/41 | €38,398 | €59,738 | +€21,339 | +55.6% |
| Trade receivables | 40 | €15,387 | €18,615 | +€3,228 | +21.0% |
| Other amounts receivable | 41 | €23,012 | €41,123 | +€18,111 | +78.7% |
| Cash at bank and in hand | 54/58 | €8,168 | - | -€8,168 | |
| Deferred charges and accrued income | 490/1 | €321 | €253 | -€69 | -21.3% |
| Total equity and liabilities | 10/49 | €107,236 | €107,669 | +€433 | +0.4% |
| Equity | 10/15 | €44,386 | €48,651 | +€4,265 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,786 | €30,051 | +€4,265 | +16.5% |
| Distributable reserves | 133 | €25,786 | €30,051 | +€4,265 | +16.5% |
| Amounts payable | 17/49 | €62,850 | €59,018 | -€3,832 | -6.1% |
| Amounts payable after more than one year | 17 | €39,260 | €27,441 | -€11,819 | -30.1% |
| Financial debts | 170/4 | €39,260 | €27,441 | -€11,819 | -30.1% |
| Amounts payable within one year | 42/48 | €23,590 | €31,577 | +€7,987 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €11,316 | €11,819 | +€503 | +4.4% |
| Financial debts | 43 | - | €4,935 | +€4,935 | |
| Credit institutions | 430/8 | - | €4,935 | +€4,935 | |
| Trade debts | 44 | €1,124 | €1,490 | +€365 | +32.5% |
| Suppliers | 440/4 | €1,124 | €1,490 | +€365 | +32.5% |
| Taxes, remuneration and social security | 45 | €10,784 | €12,312 | +€1,528 | +14.2% |
| Taxes | 450/3 | €10,784 | €10,009 | -€775 | -7.2% |
| Remuneration and social security | 454/9 | - | €2,304 | +€2,304 | |
| Other amounts payable | 47/48 | €365 | €1,021 | +€655 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,720 | €14,870 | +€4,150 | +38.7% |
| Other operating charges | 640/8 | €2,606 | €2,202 | -€403 | -15.5% |
| Gross operating margin | 9900 | €105,416 | €29,665 | -€75,751 | -71.9% |
| Operating profit (loss) | 9901 | €92,090 | €12,592 | -€79,497 | -86.3% |
| Financial income | 75/76B | €10 | €38 | +€28 | +285% |
| Recurring financial income | 75 | €10 | €38 | +€28 | +285% |
| Financial charges | 65/66B | €2,409 | €3,100 | +€691 | +28.7% |
| Recurring financial charges | 65 | €2,409 | €3,100 | +€691 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €89,690 | €9,530 | -€80,160 | -89.4% |
| Income taxes | 67/77 | €21,346 | €5,265 | -€16,080 | -75.3% |
| Profit (loss) for the period | 9904 | €68,345 | €4,265 | -€64,080 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,345 | €4,265 | -€64,080 | -93.8% |
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 26 October 2026 via checked.be.