ENTERO: 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.
ENTERO
Largest movements
- Receivables within one year +€74,962
up €74,962 (+147.5%), from €50,811 to €125,773
of which Trade receivables: +€71,984
- Cash -€48,058
down €48,058 (-46.1%), from €104,221 to €56,163
mainly Contributions, distributions and other (-€108,007) and Receivables within one year (-€74,962)
- Tangible fixed assets +€24,480
up €24,480 (+132.6%), from €18,467 to €42,947
- Deferred charges and accrued income +€2,999
up €2,999 (+105.4%), from €2,845 to €5,844
- Other debts +€94,225
up €94,225 (+3457.7%), from €2,725 to €96,950
- Reserves -€51,436
down €51,436 (-32.6%), from €157,575 to €106,139
- Tax, wage and social debts +€12,491
up €12,491 (+67.1%), from €18,627 to €31,118
- Gross operating margin +€49,511
up €49,511 (+155.6%), from €31,824 to €81,335
- Financial income -€11,666
down €11,666 (-98.5%), from €11,837 to €172
- Taxes +€6,610
up €6,610 (+77.4%), from €8,539 to €15,149
- Depreciation +€1,909
up €1,909 (+26.2%), from €7,294 to €9,203
From the 2024 result to the 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,161 | €238,543 | +€54,383 | +29.5% |
| Fixed assets | 21/28 | €18,467 | €42,947 | +€24,480 | +132.6% |
| Tangible fixed assets | 22/27 | €18,467 | €42,947 | +€24,480 | +132.6% |
| Furniture and vehicles | 24 | €18,467 | €42,947 | +€24,480 | +132.6% |
| Current assets | 29/58 | €165,694 | €195,596 | +€29,903 | +18.0% |
| Amounts receivable within one year | 40/41 | €50,811 | €125,773 | +€74,962 | +147.5% |
| Trade receivables | 40 | €49,258 | €121,242 | +€71,984 | +146.1% |
| Other amounts receivable | 41 | €1,553 | €4,531 | +€2,978 | +191.8% |
| Current investments | 50/53 | €7,817 | €7,817 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,221 | €56,163 | -€48,058 | -46.1% |
| Deferred charges and accrued income | 490/1 | €2,845 | €5,844 | +€2,999 | +105.4% |
| Total equity and liabilities | 10/49 | €184,161 | €238,543 | +€54,383 | +29.5% |
| Equity | 10/15 | €160,575 | €109,139 | -€51,436 | -32.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €157,575 | €106,139 | -€51,436 | -32.6% |
| Distributable reserves | 133 | €157,575 | €106,139 | -€51,436 | -32.6% |
| Amounts payable | 17/49 | €23,586 | €129,404 | +€105,818 | +448.6% |
| Amounts payable within one year | 42/48 | €23,586 | €129,404 | +€105,818 | +448.6% |
| Trade debts | 44 | €2,234 | €1,337 | -€897 | -40.2% |
| Suppliers | 440/4 | €2,234 | €1,337 | -€897 | -40.2% |
| Taxes, remuneration and social security | 45 | €18,627 | €31,118 | +€12,491 | +67.1% |
| Taxes | 450/3 | €18,627 | €31,118 | +€12,491 | +67.1% |
| Other amounts payable | 47/48 | €2,725 | €96,950 | +€94,225 | +3457.7% |
| Non-recurring operating income | 76A | - | €5,360 | +€5,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,294 | €9,203 | +€1,909 | +26.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,824 | €81,335 | +€49,511 | +155.6% |
| Operating profit (loss) | 9901 | €24,142 | €71,732 | +€47,590 | +197.1% |
| Financial income | 75/76B | €11,837 | €172 | -€11,666 | -98.5% |
| Recurring financial income | 75 | €11,837 | €172 | -€11,666 | -98.5% |
| Financial charges | 65/66B | €176 | €184 | +€7 | +4.1% |
| Recurring financial charges | 65 | €176 | €184 | +€7 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €35,803 | €71,720 | +€35,917 | +100.3% |
| Income taxes | 67/77 | €8,539 | €15,149 | +€6,610 | +77.4% |
| Profit (loss) for the period | 9904 | €27,264 | €56,572 | +€29,308 | +107.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,264 | €56,572 | +€29,308 | +107.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.