Enteco: 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.
Enteco
Largest movements
- Cash -€277,864
down €277,864 (-35.8%), from €776,780 to €498,916
mainly Contributions, distributions and other (-€250,000) and Other debts (-€150,000)
- Reserves -€250,000
down €250,000 (-58.6%), from €426,719 to €176,719
of which Distributable reserves: -€250,000
- Profit (loss) carried forward +€168,575
up €168,575 (+190.0%), from €88,723 to €257,297
- Other debts -€150,000
down €150,000 (-37.5%), from €400,000 to €250,000
- Accrued charges and deferred income -€48,880
down €48,880 (-23.1%), from €211,352 to €162,471
- Trade debts +€38,689
up €38,689 (+15.6%), from €247,625 to €286,314
- Other operating charges +€41,896
up €41,896 (+665.6%), from €6,294 to €48,190
- Gross operating margin +€37,080
up €37,080 (+6.8%), from €542,557 to €579,638
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 | €1,524,221 | €1,254,650 | -€269,571 | -17.7% |
| Fixed assets | 21/28 | €3,870 | €3,870 | = | 0.0% |
| Financial fixed assets | 28 | €3,870 | €3,870 | = | 0.0% |
| Current assets | 29/58 | €1,520,351 | €1,250,780 | -€269,571 | -17.7% |
| Amounts receivable within one year | 40/41 | €738,007 | €748,100 | +€10,093 | +1.4% |
| Trade receivables | 40 | €695,673 | €704,080 | +€8,407 | +1.2% |
| Other amounts receivable | 41 | €42,335 | €44,020 | +€1,685 | +4.0% |
| Cash at bank and in hand | 54/58 | €776,780 | €498,916 | -€277,864 | -35.8% |
| Deferred charges and accrued income | 490/1 | €5,564 | €3,765 | -€1,799 | -32.3% |
| Total equity and liabilities | 10/49 | €1,524,221 | €1,254,650 | -€269,571 | -17.7% |
| Equity | 10/15 | €590,442 | €509,016 | -€81,425 | -13.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €426,719 | €176,719 | -€250,000 | -58.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €419,219 | €169,219 | -€250,000 | -59.6% |
| Profit (loss) carried forward | 14 | €88,723 | €257,297 | +€168,575 | +190.0% |
| Amounts payable | 17/49 | €933,780 | €745,634 | -€188,146 | -20.1% |
| Amounts payable within one year | 42/48 | €722,428 | €583,163 | -€139,265 | -19.3% |
| Trade debts | 44 | €247,625 | €286,314 | +€38,689 | +15.6% |
| Suppliers | 440/4 | €247,625 | €286,314 | +€38,689 | +15.6% |
| Taxes, remuneration and social security | 45 | €74,803 | €46,849 | -€27,954 | -37.4% |
| Taxes | 450/3 | €40,459 | €25,474 | -€14,984 | -37.0% |
| Remuneration and social security | 454/9 | €34,344 | €21,374 | -€12,970 | -37.8% |
| Other amounts payable | 47/48 | €400,000 | €250,000 | -€150,000 | -37.5% |
| Accrued charges and deferred income | 492/3 | €211,352 | €162,471 | -€48,880 | -23.1% |
| Remuneration, social security and pensions | 62 | €296,752 | €297,841 | +€1,089 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,007 | +€1,007 | |
| Other operating charges | 640/8 | €6,294 | €48,190 | +€41,896 | +665.6% |
| Gross operating margin | 9900 | €542,557 | €579,638 | +€37,080 | +6.8% |
| Operating profit (loss) | 9901 | €239,511 | €232,600 | -€6,911 | -2.9% |
| Financial income | 75/76B | €4,588 | €1,479 | -€3,109 | -67.8% |
| Recurring financial income | 75 | €4,588 | €1,479 | -€3,109 | -67.8% |
| Financial charges | 65/66B | €7,320 | €5,855 | -€1,465 | -20.0% |
| Recurring financial charges | 65 | €7,320 | €5,855 | -€1,465 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €236,779 | €228,224 | -€8,554 | -3.6% |
| Income taxes | 67/77 | €62,569 | €59,649 | -€2,920 | -4.7% |
| Profit (loss) for the period | 9904 | €174,209 | €168,575 | -€5,635 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,209 | €168,575 | -€5,635 | -3.2% |
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 5 October 2026 via checked.be.