ENTELEC: 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.
ENTELEC
Largest movements
- Receivables within one year +€672,869
up €672,869 (+27.5%), from €2.4m to €3.1m
of which Trade receivables: +€748,155
- Current investments -€400,441
no longer reported in 2024 (was €400,441)
- Cash +€114,233
new in 2024: €114,233
mainly Current investments (+€400,441) and Trade debts (+€284,334)
- Intangible fixed assets -€85,472
down €85,472 (-10.0%), from €854,719 to €769,247
- Trade debts +€284,334
up €284,334 (+22.3%), from €1.3m to €1.6m
- Accrued charges and deferred income +€234,999
up €234,999 (+32.5%), from €723,882 to €958,881
- Reserves -€138,140
down €138,140 (-23.7%), from €583,914 to €445,774
of which Distributable reserves: -€138,140
- Tax, wage and social debts -€62,602
down €62,602 (-60.1%), from €104,171 to €41,569
- Staff costs +€119,200
up €119,200 (+24.4%), from €487,608 to €606,808
- Depreciation +€85,472
new in 2024: €85,472
- Gross operating margin +€63,617
up €63,617 (+13.0%), from €490,647 to €554,264
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 | €3,975,729 | €4,276,918 | +€301,189 | +7.6% |
| Fixed assets | 21/28 | €915,481 | €830,009 | -€85,472 | -9.3% |
| Intangible fixed assets | 21 | €854,719 | €769,247 | -€85,472 | -10.0% |
| Tangible fixed assets | 22/27 | €59,262 | €59,262 | = | 0.0% |
| Furniture and vehicles | 24 | €1,792 | €1,792 | = | 0.0% |
| Leasing and similar rights | 25 | €57,470 | €57,470 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €3,060,248 | €3,446,909 | +€386,661 | +12.6% |
| Stocks and contracts in progress | 3 | €138,334 | €138,334 | = | 0.0% |
| Stocks | 30/36 | €98,334 | €98,334 | = | 0.0% |
| Contracts in progress | 37 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,448,110 | €3,120,979 | +€672,869 | +27.5% |
| Trade receivables | 40 | €2,193,227 | €2,941,382 | +€748,155 | +34.1% |
| Other amounts receivable | 41 | €254,883 | €179,597 | -€75,286 | -29.5% |
| Current investments | 50/53 | €400,441 | - | -€400,441 | |
| Cash at bank and in hand | 54/58 | - | €114,233 | +€114,233 | |
| Deferred charges and accrued income | 490/1 | €73,363 | €73,363 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,975,729 | €4,276,918 | +€301,189 | +7.6% |
| Equity | 10/15 | €1,018,293 | €880,153 | -€138,140 | -13.6% |
| Contributions | 10/11 | €434,379 | €434,379 | = | 0.0% |
| Capital | 10 | €434,379 | €434,379 | = | 0.0% |
| Issued capital | 100 | €434,379 | €434,379 | = | 0.0% |
| Reserves | 13 | €583,914 | €445,774 | -€138,140 | -23.7% |
| Non-distributable reserves | 130/1 | €49,576 | €49,576 | = | 0.0% |
| Legal reserve | 130 | €49,576 | €49,576 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,554 | €22,554 | = | 0.0% |
| Distributable reserves | 133 | €511,784 | €373,644 | -€138,140 | -27.0% |
| Amounts payable | 17/49 | €2,957,436 | €3,396,765 | +€439,329 | +14.9% |
| Amounts payable after more than one year | 17 | €22,765 | €5,362 | -€17,403 | -76.4% |
| Financial debts | 170/4 | €22,765 | €5,362 | -€17,403 | -76.4% |
| Amounts payable within one year | 42/48 | €2,210,789 | €2,432,522 | +€221,733 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €17,403 | €17,403 | = | 0.0% |
| Trade debts | 44 | €1,275,540 | €1,559,874 | +€284,334 | +22.3% |
| Suppliers | 440/4 | €1,275,540 | €1,559,874 | +€284,334 | +22.3% |
| Taxes, remuneration and social security | 45 | €104,171 | €41,569 | -€62,602 | -60.1% |
| Remuneration and social security | 454/9 | €104,171 | €41,569 | -€62,602 | -60.1% |
| Other amounts payable | 47/48 | €813,675 | €813,676 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €723,882 | €958,881 | +€234,999 | +32.5% |
| Remuneration, social security and pensions | 62 | €487,608 | €606,808 | +€119,200 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €85,472 | +€85,472 | |
| Other operating charges | 640/8 | €204 | €124 | -€80 | -39.2% |
| Non-recurring operating charges | 66A | €43,142 | - | -€43,142 | |
| Gross operating margin | 9900 | €490,647 | €554,264 | +€63,617 | +13.0% |
| Operating profit (loss) | 9901 | -€40,307 | -€138,140 | -€97,833 | -242.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,307 | -€138,140 | -€97,833 | -242.7% |
| Income taxes | 67/77 | €426 | - | -€426 | |
| Profit (loss) for the period | 9904 | -€40,733 | -€138,140 | -€97,407 | -239.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,733 | -€138,140 | -€97,407 | -239.1% |
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 6 October 2026 via checked.be.