ENTASI: 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.
ENTASI
Largest movements
- Tangible fixed assets +€266,908
up €266,908 (+46.3%), from €576,298 to €843,207
- Receivables within one year +€46,155
up €46,155 (+10.2%), from €450,563 to €496,718
of which Other amounts receivable: +€114,449
- Debts after one year +€197,689
up €197,689 (+49.5%), from €399,729 to €597,418
- Reserves +€106,893
up €106,893 (+15.0%), from €711,304 to €818,197
- Current portion of long-term debt +€22,522
up €22,522 (+51.0%), from €44,187 to €66,708
- Trade debts -€17,912
down €17,912 (-92.5%), from €19,355 to €1,443
- Taxes -€5,912
down €5,912 (-13.2%), from €44,836 to €38,924
- Depreciation +€4,510
up €4,510 (+17.1%), from €26,324 to €30,834
- Financial income +€4,097
up €4,097 (+17.6%), from €23,302 to €27,398
- Financial charges +€3,443
up €3,443 (+36.3%), from €9,485 to €12,928
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 | €1,277,304 | €1,593,968 | +€316,663 | +24.8% |
| Fixed assets | 21/28 | €576,398 | €843,307 | +€266,908 | +46.3% |
| Tangible fixed assets | 22/27 | €576,298 | €843,207 | +€266,908 | +46.3% |
| Land and buildings | 22 | €576,298 | €843,207 | +€266,908 | +46.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €700,906 | €750,661 | +€49,755 | +7.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €450,563 | €496,718 | +€46,155 | +10.2% |
| Trade receivables | 40 | €68,294 | €0 | -€68,294 | -100.0% |
| Other amounts receivable | 41 | €382,269 | €496,718 | +€114,449 | +29.9% |
| Cash at bank and in hand | 54/58 | €22,396 | €26,550 | +€4,154 | +18.5% |
| Deferred charges and accrued income | 490/1 | €27,947 | €27,392 | -€554 | -2.0% |
| Total equity and liabilities | 10/49 | €1,277,304 | €1,593,968 | +€316,663 | +24.8% |
| Equity | 10/15 | €721,850 | €828,743 | +€106,893 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €711,304 | €818,197 | +€106,893 | +15.0% |
| Distributable reserves | 133 | €711,304 | €818,197 | +€106,893 | +15.0% |
| Profit (loss) carried forward | 14 | €4,346 | €4,346 | = | 0.0% |
| Amounts payable | 17/49 | €555,454 | €765,225 | +€209,770 | +37.8% |
| Amounts payable after more than one year | 17 | €399,729 | €597,418 | +€197,689 | +49.5% |
| Financial debts | 170/4 | €399,729 | €597,418 | +€197,689 | +49.5% |
| Amounts payable within one year | 42/48 | €155,725 | €167,806 | +€12,081 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €44,187 | €66,708 | +€22,522 | +51.0% |
| Financial debts | 43 | €8,562 | €11,927 | +€3,365 | +39.3% |
| Credit institutions | 430/8 | €8,562 | €11,927 | +€3,365 | +39.3% |
| Trade debts | 44 | €19,355 | €1,443 | -€17,912 | -92.5% |
| Suppliers | 440/4 | €19,355 | €1,443 | -€17,912 | -92.5% |
| Taxes, remuneration and social security | 45 | €19,836 | €23,760 | +€3,924 | +19.8% |
| Taxes | 450/3 | €19,836 | €23,760 | +€3,924 | +19.8% |
| Other amounts payable | 47/48 | €63,786 | €63,968 | +€183 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,324 | €30,834 | +€4,510 | +17.1% |
| Other operating charges | 640/8 | €6,660 | €5,473 | -€1,187 | -17.8% |
| Gross operating margin | 9900 | €168,491 | €167,653 | -€838 | -0.5% |
| Operating profit (loss) | 9901 | €135,507 | €131,346 | -€4,161 | -3.1% |
| Financial income | 75/76B | €23,302 | €27,398 | +€4,097 | +17.6% |
| Recurring financial income | 75 | €23,302 | €27,398 | +€4,097 | +17.6% |
| Financial charges | 65/66B | €9,485 | €12,928 | +€3,443 | +36.3% |
| Recurring financial charges | 65 | €9,485 | €12,928 | +€3,443 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €149,324 | €145,817 | -€3,507 | -2.3% |
| Income taxes | 67/77 | €44,836 | €38,924 | -€5,912 | -13.2% |
| Profit (loss) for the period | 9904 | €104,488 | €106,893 | +€2,405 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €104,488 | €106,893 | +€2,405 | +2.3% |
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.