ENTEC: 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.
ENTEC
Largest movements
- Stocks and contracts +€26,357
up €26,357 (+61.3%), from €43,022 to €69,380
- Receivables within one year -€5,155
down €5,155 (-15.2%), from €33,892 to €28,737
of which Trade receivables: -€10,170
- Tangible fixed assets -€4,720
down €4,720 (-15.2%), from €31,107 to €26,387
of which Furniture and vehicles: -€5,889
- Intangible fixed assets +€3,113
new in 2025: €3,113
- Cash -€2,915
down €2,915 (-11.2%), from €26,034 to €23,119
mainly Stocks and contracts (-€26,357) and Current portion of long-term debt (-€11,322)
- Trade debts +€30,377
up €30,377 (+149%), from €20,455 to €50,832
- Current portion of long-term debt -€11,322
down €11,322 (-89.4%), from €12,664 to €1,342
- Other debts -€4,467
down €4,467 (-16.6%), from €26,922 to €22,456
- Staff costs +€20,193
up €20,193 (+22.1%), from €91,541 to €111,734
- Other operating charges -€6,303
down €6,303 (-73.0%), from €8,638 to €2,335
- Taxes -€4,687
down €4,687 (-78.3%), from €5,989 to €1,301
- Depreciation +€2,109
up €2,109 (+26.5%), from €7,965 to €10,074
- Financial charges +€1,479
up €1,479 (+59.2%), from €2,498 to €3,976
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 | €138,764 | €155,073 | +€16,308 | +11.8% |
| Fixed assets | 21/28 | €31,357 | €29,750 | -€1,607 | -5.1% |
| Intangible fixed assets | 21 | - | €3,113 | +€3,113 | |
| Tangible fixed assets | 22/27 | €31,107 | €26,387 | -€4,720 | -15.2% |
| Plant, machinery and equipment | 23 | €1,821 | €5,577 | +€3,756 | +206% |
| Furniture and vehicles | 24 | €24,111 | €18,222 | -€5,889 | -24.4% |
| Other tangible fixed assets | 26 | €5,174 | €2,587 | -€2,587 | -50.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €107,408 | €125,323 | +€17,915 | +16.7% |
| Stocks and contracts in progress | 3 | €43,022 | €69,380 | +€26,357 | +61.3% |
| Stocks | 30/36 | €43,022 | €69,380 | +€26,357 | +61.3% |
| Amounts receivable within one year | 40/41 | €33,892 | €28,737 | -€5,155 | -15.2% |
| Trade receivables | 40 | €31,066 | €20,896 | -€10,170 | -32.7% |
| Other amounts receivable | 41 | €2,827 | €7,841 | +€5,015 | +177% |
| Cash at bank and in hand | 54/58 | €26,034 | €23,119 | -€2,915 | -11.2% |
| Deferred charges and accrued income | 490/1 | €4,459 | €4,087 | -€372 | -8.3% |
| Total equity and liabilities | 10/49 | €138,764 | €155,073 | +€16,308 | +11.8% |
| Equity | 10/15 | €59,922 | €60,966 | +€1,044 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,200 | €41,200 | = | 0.0% |
| Distributable reserves | 133 | €41,200 | €41,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122 | €1,166 | +€1,044 | +856% |
| Amounts payable | 17/49 | €78,843 | €94,107 | +€15,265 | +19.4% |
| Amounts payable after more than one year | 17 | €1,342 | - | -€1,342 | |
| Financial debts | 170/4 | €1,342 | - | -€1,342 | |
| Amounts payable within one year | 42/48 | €76,600 | €92,081 | +€15,481 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €12,664 | €1,342 | -€11,322 | -89.4% |
| Trade debts | 44 | €20,455 | €50,832 | +€30,377 | +149% |
| Suppliers | 440/4 | €20,455 | €50,832 | +€30,377 | +149% |
| Taxes, remuneration and social security | 45 | €16,559 | €17,452 | +€893 | +5.4% |
| Taxes | 450/3 | €6,137 | €7,301 | +€1,164 | +19.0% |
| Remuneration and social security | 454/9 | €10,421 | €10,150 | -€271 | -2.6% |
| Other amounts payable | 47/48 | €26,922 | €22,456 | -€4,467 | -16.6% |
| Accrued charges and deferred income | 492/3 | €900 | €2,026 | +€1,126 | +125% |
| Non-recurring operating income | 76A | €12,770 | - | -€12,770 | |
| Remuneration, social security and pensions | 62 | €91,541 | €111,734 | +€20,193 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,965 | €10,074 | +€2,109 | +26.5% |
| Other operating charges | 640/8 | €8,638 | €2,335 | -€6,303 | -73.0% |
| Gross operating margin | 9900 | €129,469 | €130,270 | +€800 | +0.6% |
| Operating profit (loss) | 9901 | €21,326 | €6,127 | -€15,199 | -71.3% |
| Financial income | 75/76B | €259 | €195 | -€64 | -24.8% |
| Recurring financial income | 75 | €259 | €195 | -€64 | -24.8% |
| Financial charges | 65/66B | €2,498 | €3,976 | +€1,479 | +59.2% |
| Recurring financial charges | 65 | €2,498 | €3,976 | +€1,479 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €19,087 | €2,345 | -€16,742 | -87.7% |
| Income taxes | 67/77 | €5,989 | €1,301 | -€4,687 | -78.3% |
| Profit (loss) for the period | 9904 | €13,098 | €1,044 | -€12,054 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,098 | €1,044 | -€12,054 | -92.0% |
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 15 October 2026 via checked.be.