ENTELEC CONTROL SYSTEMS: what changed
Two financial 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 CONTROL SYSTEMS
Largest movements
- Receivables within one year +€495,214
up €495,214 (+12.7%), from €3.9m to €4.4m
of which Trade receivables: +€495,214
- Deferred charges and accrued income +€229,334
up €229,334 (+736%), from €31,139 to €260,473
- Cash -€182,210
down €182,210 (-9.4%), from €1.9m to €1.8m
mainly Receivables within one year (-€495,214) and Deferred charges and accrued income (-€229,334)
- Trade debts +€365,782
up €365,782 (+18.8%), from €1.9m to €2.3m
- Accrued charges and deferred income +€276,499
up €276,499 (+14.8%), from €1.9m to €2.1m
- Tax, wage and social debts -€204,549
down €204,549 (-36.1%), from €567,155 to €362,606
- Other debts +€70,000
up €70,000 (+10.6%), from €661,184 to €731,184
- Staff costs -€350,349
down €350,349 (-22.3%), from €1.6m to €1.2m
- Gross operating margin -€228,305
down €228,305 (-14.4%), from €1.6m to €1.4m
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.
Derived cash bridge
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 | €6,269,790 | €6,814,096 | +€544,306 | +8.7% |
| Fixed assets | 21/28 | €24,295 | €36,670 | +€12,375 | +50.9% |
| Tangible fixed assets | 22/27 | €20,235 | €32,610 | +€12,375 | +61.2% |
| Land and buildings | 22 | €7,545 | €7,545 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,863 | €4,863 | = | 0.0% |
| Furniture and vehicles | 24 | €7,827 | €7,827 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €12,375 | +€12,375 | |
| Financial fixed assets | 28 | €4,060 | €4,060 | = | 0.0% |
| Current assets | 29/58 | €6,245,495 | €6,777,426 | +€531,931 | +8.5% |
| Stocks and contracts in progress | 3 | €361,097 | €350,690 | -€10,407 | -2.9% |
| Stocks | 30/36 | €137,097 | €137,097 | = | 0.0% |
| Contracts in progress | 37 | €224,000 | €213,593 | -€10,407 | -4.6% |
| Amounts receivable within one year | 40/41 | €3,913,322 | €4,408,536 | +€495,214 | +12.7% |
| Trade receivables | 40 | €3,065,636 | €3,560,851 | +€495,214 | +16.2% |
| Other amounts receivable | 41 | €847,686 | €847,686 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,939,937 | €1,757,727 | -€182,210 | -9.4% |
| Deferred charges and accrued income | 490/1 | €31,139 | €260,473 | +€229,334 | +736% |
| Total equity and liabilities | 10/49 | €6,269,790 | €6,814,096 | +€544,306 | +8.7% |
| Equity | 10/15 | €1,180,904 | €1,227,368 | +€46,464 | +3.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €680,904 | €727,368 | +€46,464 | +6.8% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €630,904 | €677,368 | +€46,464 | +7.4% |
| Amounts payable | 17/49 | €5,088,885 | €5,586,727 | +€497,842 | +9.8% |
| Amounts payable after more than one year | 17 | €17,232 | - | -€17,232 | |
| Financial debts | 170/4 | €17,232 | - | -€17,232 | |
| Amounts payable within one year | 42/48 | €3,206,524 | €3,445,099 | +€238,575 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €9,890 | €17,232 | +€7,342 | +74.2% |
| Trade debts | 44 | €1,945,909 | €2,311,691 | +€365,782 | +18.8% |
| Suppliers | 440/4 | €1,945,909 | €2,311,691 | +€365,782 | +18.8% |
| Advances received on contracts in progress | 46 | €22,386 | €22,386 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €567,155 | €362,606 | -€204,549 | -36.1% |
| Remuneration and social security | 454/9 | €567,155 | €362,606 | -€204,549 | -36.1% |
| Other amounts payable | 47/48 | €661,184 | €731,184 | +€70,000 | +10.6% |
| Accrued charges and deferred income | 492/3 | €1,865,130 | €2,141,628 | +€276,499 | +14.8% |
| Remuneration, social security and pensions | 62 | €1,573,740 | €1,223,391 | -€350,349 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €87 | - | -€87 | |
| Gross operating margin | 9900 | €1,588,902 | €1,360,597 | -€228,305 | -14.4% |
| Operating profit (loss) | 9901 | €13,075 | €137,206 | +€124,131 | +949% |
| Financial charges | 65/66B | €3,147 | €742 | -€2,404 | -76.4% |
| Recurring financial charges | 65 | €3,147 | €742 | -€2,404 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €9,928 | €136,464 | +€126,536 | +1,274% |
| Income taxes | 67/77 | €4,443 | €20,000 | +€15,557 | +350% |
| Profit (loss) for the period | 9904 | €5,486 | €116,464 | +€110,978 | +2,023% |
| Profit (loss) for the period to be appropriated | 9905 | €5,486 | €116,464 | +€110,978 | +2,023% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.