Ent'Estate: 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.
Ent'Estate
Largest movements
- Current investments +€104,000
new in 2025: €104,000
- Cash -€54,659
down €54,659 (-49.5%), from €110,399 to €55,740
mainly Current investments (-€104,000) and Receivables within one year (-€32,126)
- Receivables within one year +€32,126
up €32,126 (+68.3%), from €47,021 to €79,147
of which Trade receivables: +€45,215
- Tangible fixed assets -€6,181
down €6,181 (-2.6%), from €239,793 to €233,612
of which Land and buildings: -€6,470
- Reserves +€75,190
up €75,190 (+36.6%), from €205,668 to €280,857
- Debts after one year -€6,507
down €6,507 (-3.9%), from €168,703 to €162,196
- Gross operating margin -€69,171
down €69,171 (-38.5%), from €179,732 to €110,561
- Depreciation -€23,792
down €23,792 (-76.3%), from €31,162 to €7,370
- Taxes -€17,823
down €17,823 (-48.0%), from €37,128 to €19,306
- Financial charges +€5,309
up €5,309 (+217%), from €2,448 to €7,758
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 | €404,005 | €479,959 | +€75,955 | +18.8% |
| Fixed assets | 21/28 | €244,793 | €238,612 | -€6,181 | -2.5% |
| Tangible fixed assets | 22/27 | €239,793 | €233,612 | -€6,181 | -2.6% |
| Land and buildings | 22 | €238,005 | €231,535 | -€6,470 | -2.7% |
| Plant, machinery and equipment | 23 | €1,788 | €2,077 | +€289 | +16.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €159,212 | €241,347 | +€82,135 | +51.6% |
| Amounts receivable within one year | 40/41 | €47,021 | €79,147 | +€32,126 | +68.3% |
| Trade receivables | 40 | €23,237 | €68,453 | +€45,215 | +195% |
| Other amounts receivable | 41 | €23,783 | €10,694 | -€13,089 | -55.0% |
| Current investments | 50/53 | - | €104,000 | +€104,000 | |
| Cash at bank and in hand | 54/58 | €110,399 | €55,740 | -€54,659 | -49.5% |
| Deferred charges and accrued income | 490/1 | €1,793 | €2,460 | +€668 | +37.2% |
| Total equity and liabilities | 10/49 | €404,005 | €479,959 | +€75,955 | +18.8% |
| Equity | 10/15 | €208,168 | €283,357 | +€75,190 | +36.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €205,668 | €280,857 | +€75,190 | +36.6% |
| Distributable reserves | 133 | €205,668 | €280,857 | +€75,190 | +36.6% |
| Amounts payable | 17/49 | €195,837 | €196,602 | +€765 | +0.4% |
| Amounts payable after more than one year | 17 | €168,703 | €162,196 | -€6,507 | -3.9% |
| Financial debts | 170/4 | €168,703 | €162,196 | -€6,507 | -3.9% |
| Amounts payable within one year | 42/48 | €26,152 | €32,954 | +€6,803 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €6,297 | €7,040 | +€742 | +11.8% |
| Trade debts | 44 | €1,050 | €2,609 | +€1,559 | +148% |
| Suppliers | 440/4 | €1,050 | €2,609 | +€1,559 | +148% |
| Taxes, remuneration and social security | 45 | €8,325 | €12,853 | +€4,528 | +54.4% |
| Taxes | 450/3 | €6,585 | €10,753 | +€4,168 | +63.3% |
| Remuneration and social security | 454/9 | €1,740 | €2,100 | +€360 | +20.7% |
| Other amounts payable | 47/48 | €10,480 | €10,454 | -€26 | -0.2% |
| Accrued charges and deferred income | 492/3 | €983 | €1,452 | +€469 | +47.8% |
| Non-recurring operating income | 76A | €8,911 | - | -€8,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,162 | €7,370 | -€23,792 | -76.3% |
| Other operating charges | 640/8 | €735 | €1,496 | +€761 | +103% |
| Gross operating margin | 9900 | €179,732 | €110,561 | -€69,171 | -38.5% |
| Operating profit (loss) | 9901 | €147,835 | €101,695 | -€46,140 | -31.2% |
| Financial income | 75/76B | €1,662 | €558 | -€1,104 | -66.4% |
| Recurring financial income | 75 | €1,662 | €558 | -€1,104 | -66.4% |
| Financial charges | 65/66B | €2,448 | €7,758 | +€5,309 | +217% |
| Recurring financial charges | 65 | €2,448 | €7,758 | +€5,309 | +217% |
| Profit (loss) for the period before taxes | 9903 | €147,049 | €94,495 | -€52,554 | -35.7% |
| Income taxes | 67/77 | €37,128 | €19,306 | -€17,823 | -48.0% |
| Profit (loss) for the period | 9904 | €109,921 | €75,190 | -€34,731 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,921 | €75,190 | -€34,731 | -31.6% |
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 24 October 2026 via checked.be.