ENTEK: 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.
ENTEK
Largest movements
- Receivables within one year +€216,149
up €216,149 (+38.8%), from €557,038 to €773,187
of which Trade receivables: +€312,279
- Cash +€178,116
up €178,116 (+97.6%), from €182,588 to €360,704
mainly Advances received (+€113,709) and Other debts (+€100,000)
- Stocks and contracts -€91,880
down €91,880 (-11.0%), from €835,963 to €744,083
of which Contracts in progress: -€201,579
- Tangible fixed assets -€22,110
down €22,110 (-19.2%), from €115,220 to €93,110
of which Furniture and vehicles: -€32,692
- Advances received +€113,709
up €113,709 (+77.9%), from €145,916 to €259,625
- Other debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€56,740
up €56,740 (+8.6%), from €662,831 to €719,571
- Tax, wage and social debts +€28,034
up €28,034 (+67.2%), from €41,719 to €69,753
of which Remuneration and social security: +€26,161
- Gross operating margin -€866,266
down €866,266 (-53.8%), from €1.6m to €743,291
- Taxes -€193,445
down €193,445 (-84.5%), from €229,010 to €35,565
- Depreciation -€110,663
down €110,663 (-72.7%), from €152,154 to €41,491
- Staff costs +€67,762
up €67,762 (+12.9%), from €524,880 to €592,642
- Write-downs -€47,017
new in 2025: -€47,017
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,716,232 | €2,010,581 | +€294,349 | +17.2% |
| Fixed assets | 21/28 | €124,288 | €100,789 | -€23,499 | -18.9% |
| Intangible fixed assets | 21 | €4,168 | €2,779 | -€1,389 | -33.3% |
| Tangible fixed assets | 22/27 | €115,220 | €93,110 | -€22,110 | -19.2% |
| Plant, machinery and equipment | 23 | €16,631 | €9,233 | -€7,398 | -44.5% |
| Furniture and vehicles | 24 | €65,221 | €32,529 | -€32,692 | -50.1% |
| Leasing and similar rights | 25 | €33,368 | €51,348 | +€17,980 | +53.9% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €1,591,944 | €1,909,792 | +€317,848 | +20.0% |
| Stocks and contracts in progress | 3 | €835,963 | €744,083 | -€91,880 | -11.0% |
| Stocks | 30/36 | €434,673 | €544,372 | +€109,699 | +25.2% |
| Contracts in progress | 37 | €401,290 | €199,711 | -€201,579 | -50.2% |
| Amounts receivable within one year | 40/41 | €557,038 | €773,187 | +€216,149 | +38.8% |
| Trade receivables | 40 | €360,198 | €672,477 | +€312,279 | +86.7% |
| Other amounts receivable | 41 | €196,840 | €100,710 | -€96,130 | -48.8% |
| Cash at bank and in hand | 54/58 | €182,588 | €360,704 | +€178,116 | +97.6% |
| Deferred charges and accrued income | 490/1 | €16,355 | €31,818 | +€15,463 | +94.5% |
| Total equity and liabilities | 10/49 | €1,716,232 | €2,010,581 | +€294,349 | +17.2% |
| Equity | 10/15 | €1,208,387 | €1,265,127 | +€56,740 | +4.7% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Capital | 10 | €168,600 | €168,600 | = | 0.0% |
| Issued capital | 100 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €376,956 | €376,956 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,860 | €16,860 | = | 0.0% |
| Legal reserve | 130 | €16,860 | €16,860 | = | 0.0% |
| Distributable reserves | 133 | €360,096 | €360,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €662,831 | €719,571 | +€56,740 | +8.6% |
| Amounts payable | 17/49 | €507,845 | €745,454 | +€237,609 | +46.8% |
| Amounts payable after more than one year | 17 | €42,249 | €40,567 | -€1,682 | -4.0% |
| Financial debts | 170/4 | €42,249 | €40,567 | -€1,682 | -4.0% |
| Amounts payable within one year | 42/48 | €455,845 | €697,290 | +€241,445 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €20,948 | €21,259 | +€311 | +1.5% |
| Trade debts | 44 | €247,262 | €246,653 | -€609 | -0.2% |
| Suppliers | 440/4 | €247,262 | €246,653 | -€609 | -0.2% |
| Advances received on contracts in progress | 46 | €145,916 | €259,625 | +€113,709 | +77.9% |
| Taxes, remuneration and social security | 45 | €41,719 | €69,753 | +€28,034 | +67.2% |
| Taxes | 450/3 | - | €1,873 | +€1,873 | |
| Remuneration and social security | 454/9 | €41,719 | €67,880 | +€26,161 | +62.7% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €9,751 | €7,597 | -€2,154 | -22.1% |
| Remuneration, social security and pensions | 62 | €524,880 | €592,642 | +€67,762 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,154 | €41,491 | -€110,663 | -72.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€47,017 | -€47,017 | |
| Other operating charges | 640/8 | €5,190 | €42,035 | +€36,845 | +709.9% |
| Non-recurring operating charges | 66A | €10,939 | €15,095 | +€4,156 | +38.0% |
| Gross operating margin | 9900 | €1,609,557 | €743,291 | -€866,266 | -53.8% |
| Operating profit (loss) | 9901 | €916,394 | €99,045 | -€817,349 | -89.2% |
| Financial income | 75/76B | €1,236 | €350 | -€886 | -71.7% |
| Recurring financial income | 75 | €1,236 | €350 | -€886 | -71.7% |
| Financial charges | 65/66B | €25,789 | €7,090 | -€18,699 | -72.5% |
| Recurring financial charges | 65 | €25,789 | €7,090 | -€18,699 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €891,841 | €92,305 | -€799,536 | -89.7% |
| Income taxes | 67/77 | €229,010 | €35,565 | -€193,445 | -84.5% |
| Profit (loss) for the period | 9904 | €662,831 | €56,740 | -€606,091 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €662,831 | €56,740 | -€606,091 | -91.4% |
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 7 October 2026 via checked.be.