ENTEG: what changed
ENTEG
Largest movements
- Cash +€270,367
up €270,367 (+663%), from €40,760 to €311,127
mainly Current investments (+€200,000) and Net result for the year (+€175,793)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year +€171,893
up €171,893 (+91.9%), from €187,005 to €358,899
of which Trade receivables: +€193,397
- Tangible fixed assets -€15,938
down €15,938 (-63.3%), from €25,191 to €9,253
of which Leasing and similar rights: -€12,589
- Reserves +€175,793
up €175,793 (+53.5%), from €328,392 to €504,184
- Other debts +€42,887
up €42,887 (+83.8%), from €51,176 to €94,063
- Tax, wage and social debts +€15,285
up €15,285 (+47.1%), from €32,472 to €47,757
- Gross operating margin +€131,829
up €131,829 (+103%), from €128,606 to €260,435
- Taxes +€45,750
up €45,750 (+139%), from €32,803 to €78,553
- Financial income +€11,491
up €11,491 (+94.2%), from €12,205 to €23,696
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,956 | €679,278 | +€226,322 | +50.0% |
| Fixed assets | 21/28 | €25,191 | €9,253 | -€15,938 | -63.3% |
| Tangible fixed assets | 22/27 | €25,191 | €9,253 | -€15,938 | -63.3% |
| Furniture and vehicles | 24 | €7,118 | €1,654 | -€5,464 | -76.8% |
| Leasing and similar rights | 25 | €18,073 | €5,484 | -€12,589 | -69.7% |
| Other tangible fixed assets | 26 | - | €2,114 | +€2,114 | |
| Current assets | 29/58 | €427,766 | €670,026 | +€242,260 | +56.6% |
| Amounts receivable within one year | 40/41 | €187,005 | €358,899 | +€171,893 | +91.9% |
| Trade receivables | 40 | €122,702 | €316,099 | +€193,397 | +158% |
| Other amounts receivable | 41 | €64,304 | €42,800 | -€21,504 | -33.4% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €40,760 | €311,127 | +€270,367 | +663% |
| Total equity and liabilities | 10/49 | €452,956 | €679,278 | +€226,322 | +50.0% |
| Equity | 10/15 | €348,392 | €524,184 | +€175,793 | +50.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €328,392 | €504,184 | +€175,793 | +53.5% |
| Distributable reserves | 133 | €328,392 | €504,184 | +€175,793 | +53.5% |
| Amounts payable | 17/49 | €104,565 | €155,094 | +€50,529 | +48.3% |
| Amounts payable after more than one year | 17 | €5,753 | €0 | -€5,753 | -100% |
| Financial debts | 170/4 | €5,753 | €0 | -€5,753 | -100% |
| Amounts payable within one year | 42/48 | €95,626 | €149,953 | +€54,327 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €8,792 | €5,753 | -€3,038 | -34.6% |
| Trade debts | 44 | €3,186 | €2,379 | -€807 | -25.3% |
| Suppliers | 440/4 | €3,186 | €2,379 | -€807 | -25.3% |
| Taxes, remuneration and social security | 45 | €32,472 | €47,757 | +€15,285 | +47.1% |
| Taxes | 450/3 | €32,472 | €47,757 | +€15,285 | +47.1% |
| Other amounts payable | 47/48 | €51,176 | €94,063 | +€42,887 | +83.8% |
| Accrued charges and deferred income | 492/3 | €3,186 | €5,141 | +€1,956 | +61.4% |
| Remuneration, social security and pensions | 62 | €3,221 | €3,221 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,438 | €20,220 | -€218 | -1.1% |
| Other operating charges | 640/8 | €870 | €755 | -€115 | -13.2% |
| Gross operating margin | 9900 | €128,606 | €260,435 | +€131,829 | +103% |
| Operating profit (loss) | 9901 | €104,077 | €236,239 | +€132,162 | +127% |
| Financial income | 75/76B | €12,205 | €23,696 | +€11,491 | +94.2% |
| Recurring financial income | 75 | €12,205 | €23,696 | +€11,491 | +94.2% |
| Financial charges | 65/66B | €4,327 | €5,589 | +€1,262 | +29.2% |
| Recurring financial charges | 65 | €4,327 | €5,589 | +€1,262 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €111,954 | €254,345 | +€142,391 | +127% |
| Income taxes | 67/77 | €32,803 | €78,553 | +€45,750 | +139% |
| Profit (loss) for the period | 9904 | €79,152 | €175,793 | +€96,641 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €79,152 | €175,793 | +€96,641 | +122% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.