EnTecs: 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.
EnTecs
Largest movements
- Cash +€60,216
up €60,216 (+78.8%), from €76,379 to €136,595
mainly Net result for the year (+€26,406) and Other debts (+€21,916)
- Receivables within one year -€12,973
down €12,973 (-31.5%), from €41,228 to €28,255
of which Other amounts receivable: -€18,150
- Reserves +€24,606
up €24,606 (+13.3%), from €185,261 to €209,867
- Other debts +€21,916
up €21,916 (+55.1%), from €39,779 to €61,695
- Debts after one year -€9,662
down €9,662 (-8.6%), from €112,048 to €102,386
of which Financial debts: -€9,662
- Tax, wage and social debts +€5,744
up €5,744 (+162.3%), from €3,539 to €9,283
of which Taxes: +€5,744
- Gross operating margin +€61,513
up €61,513 (+527.6%), from €11,660 to €73,173
- Financial charges -€16,228
down €16,228 (-26.3%), from €61,730 to €45,502
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,976 | €414,542 | +€46,565 | +12.7% |
| Fixed assets | 21/28 | €240,004 | €239,225 | -€779 | -0.3% |
| Tangible fixed assets | 22/27 | €240,004 | €239,225 | -€779 | -0.3% |
| Land and buildings | 22 | €228,173 | €228,173 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,250 | €10,981 | -€269 | -2.4% |
| Furniture and vehicles | 24 | €581 | €71 | -€510 | -87.8% |
| Current assets | 29/58 | €127,972 | €175,316 | +€47,344 | +37.0% |
| Amounts receivable within one year | 40/41 | €41,228 | €28,255 | -€12,973 | -31.5% |
| Trade receivables | 40 | €14,216 | €19,393 | +€5,177 | +36.4% |
| Other amounts receivable | 41 | €27,012 | €8,862 | -€18,150 | -67.2% |
| Current investments | 50/53 | €10,028 | €10,103 | +€75 | +0.7% |
| Cash at bank and in hand | 54/58 | €76,379 | €136,595 | +€60,216 | +78.8% |
| Deferred charges and accrued income | 490/1 | €337 | €363 | +€26 | +7.7% |
| Total equity and liabilities | 10/49 | €367,976 | €414,542 | +€46,565 | +12.7% |
| Equity | 10/15 | €197,661 | €222,267 | +€24,606 | +12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €185,261 | €209,867 | +€24,606 | +13.3% |
| Distributable reserves | 133 | €185,261 | €209,867 | +€24,606 | +13.3% |
| Amounts payable | 17/49 | €170,316 | €192,275 | +€21,959 | +12.9% |
| Amounts payable after more than one year | 17 | €112,048 | €102,386 | -€9,662 | -8.6% |
| Financial debts | 170/4 | €22,048 | €12,386 | -€9,662 | -43.8% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,176 | €84,336 | +€30,160 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €9,447 | €9,662 | +€215 | +2.3% |
| Trade debts | 44 | €1,411 | €3,696 | +€2,285 | +162.0% |
| Suppliers | 440/4 | €1,411 | €3,696 | +€2,285 | +162.0% |
| Taxes, remuneration and social security | 45 | €3,539 | €9,283 | +€5,744 | +162.3% |
| Taxes | 450/3 | €1,539 | €7,283 | +€5,744 | +373.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €39,779 | €61,695 | +€21,916 | +55.1% |
| Accrued charges and deferred income | 492/3 | €4,091 | €5,553 | +€1,462 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €779 | +€245 | +46.0% |
| Other operating charges | 640/8 | €379 | €423 | +€44 | +11.6% |
| Gross operating margin | 9900 | €11,660 | €73,173 | +€61,513 | +527.6% |
| Operating profit (loss) | 9901 | €10,747 | €71,971 | +€61,224 | +569.7% |
| Financial income | 75/76B | €41 | €107 | +€66 | +158.7% |
| Recurring financial income | 75 | €41 | €107 | +€66 | +158.7% |
| Financial charges | 65/66B | €61,730 | €45,502 | -€16,228 | -26.3% |
| Recurring financial charges | 65 | €61,730 | €45,502 | -€16,228 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€50,941 | €26,576 | +€77,517 | |
| Income taxes | 67/77 | €191 | €170 | -€20 | -10.7% |
| Profit (loss) for the period | 9904 | -€51,132 | €26,406 | +€77,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,132 | €26,406 | +€77,538 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.