ENTALRES: 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.
ENTALRES
Largest movements
- Receivables within one year +€39,869
up €39,869 (+1,008%), from €3,954 to €43,823
of which Trade receivables: +€26,865
- Cash +€29,617
up €29,617 (+6,187%), from €479 to €30,095
mainly Debts after one year (+€273,737) and Depreciation (+€31,928)
- Tangible fixed assets -€25,860
down €25,860 (-22.6%), from €114,530 to €88,670
of which Furniture and vehicles: -€28,470
- Deferred charges and accrued income +€7,413
up €7,413 (+83.3%), from €8,896 to €16,309
- Debts after one year +€273,737
up €273,737 (+106%), from €257,481 to €531,218
- Profit (loss) carried forward -€250,247
down €250,247 (-129%), from -€193,999 to -€444,246
- Trade debts +€30,525
up €30,525 (+110%), from €27,814 to €58,339
- Tax, wage and social debts -€5,812
down €5,812 (-93.9%), from €6,192 to €379
- Gross operating margin -€57,500
down €57,500 (-37.3%), from -€153,955 to -€211,455
- Other operating charges -€16,782
down €16,782 (-89.4%), from €18,783 to €2,000
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 | €128,762 | €179,101 | +€50,339 | +39.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €115,434 | €88,873 | -€26,560 | -23.0% |
| Intangible fixed assets | 21 | €904 | €204 | -€700 | -77.5% |
| Tangible fixed assets | 22/27 | €114,530 | €88,670 | -€25,860 | -22.6% |
| Furniture and vehicles | 24 | €111,470 | €83,000 | -€28,470 | -25.5% |
| Other tangible fixed assets | 26 | €3,060 | €5,669 | +€2,610 | +85.3% |
| Current assets | 29/58 | €13,328 | €90,227 | +€76,899 | +577% |
| Amounts receivable within one year | 40/41 | €3,954 | €43,823 | +€39,869 | +1,008% |
| Trade receivables | 40 | €171 | €27,036 | +€26,865 | +15,682% |
| Other amounts receivable | 41 | €3,783 | €16,787 | +€13,004 | +344% |
| Cash at bank and in hand | 54/58 | €479 | €30,095 | +€29,617 | +6,187% |
| Deferred charges and accrued income | 490/1 | €8,896 | €16,309 | +€7,413 | +83.3% |
| Total equity and liabilities | 10/49 | €128,762 | €179,101 | +€50,339 | +39.1% |
| Equity | 10/15 | -€188,999 | -€439,246 | -€250,247 | -132% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,999 | -€444,246 | -€250,247 | -129% |
| Amounts payable | 17/49 | €317,761 | €618,346 | +€300,586 | +94.6% |
| Amounts payable after more than one year | 17 | €257,481 | €531,218 | +€273,737 | +106% |
| Financial debts | 170/4 | €257,481 | €531,218 | +€273,737 | +106% |
| Amounts payable within one year | 42/48 | €58,838 | €83,995 | +€25,157 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €24,301 | €25,277 | +€976 | +4.0% |
| Financial debts | 43 | €531 | €0 | -€531 | -100% |
| Other loans | 439 | €531 | €0 | -€531 | -100% |
| Trade debts | 44 | €27,814 | €58,339 | +€30,525 | +110% |
| Suppliers | 440/4 | €27,814 | €58,339 | +€30,525 | +110% |
| Taxes, remuneration and social security | 45 | €6,192 | €379 | -€5,812 | -93.9% |
| Taxes | 450/3 | €6,192 | €379 | -€5,812 | -93.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,442 | €3,133 | +€1,691 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,412 | €31,928 | +€516 | +1.6% |
| Other operating charges | 640/8 | €18,783 | €2,000 | -€16,782 | -89.4% |
| Non-recurring operating charges | 66A | €9 | €0 | -€9 | -100% |
| Gross operating margin | 9900 | -€153,955 | -€211,455 | -€57,500 | -37.3% |
| Operating profit (loss) | 9901 | -€204,159 | -€245,383 | -€41,225 | -20.2% |
| Financial income | 75/76B | €2,000 | €0 | -€2,000 | -100.0% |
| Recurring financial income | 75 | €2,000 | €0 | -€2,000 | -100.0% |
| Financial charges | 65/66B | €5,330 | €4,485 | -€846 | -15.9% |
| Recurring financial charges | 65 | €5,330 | €4,485 | -€846 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€207,489 | -€249,868 | -€42,379 | -20.4% |
| Income taxes | 67/77 | €404 | €379 | -€25 | -6.1% |
| Profit (loss) for the period | 9904 | -€207,892 | -€250,247 | -€42,354 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€207,892 | -€250,247 | -€42,354 | -20.4% |
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 20 October 2026 via checked.be.