ENTIC Research & Training Center: what changed
ENTIC Research & Training Center
Largest movements
- Tangible fixed assets +€285,008
up €285,008 (+71.0%), from €401,153 to €686,161
of which Land and buildings: +€170,113
- Receivables within one year +€48,789
up €48,789 (+71.3%), from €68,453 to €117,242
of which Trade receivables: +€52,901
- Cash -€35,373
down €35,373 (-79.6%), from €44,420 to €9,048
mainly Investment in fixed assets (net) (-€371,649) and Debts after one year (-€200,000)
- Trade debts +€436,837
up €436,837 (+1,692%), from €25,815 to €462,652
- Debts after one year -€200,000
down €200,000 (-82.8%), from €241,500 to €41,500
- Other debts +€90,644
new in 2025: €90,644
- Tax, wage and social debts -€35,874
down €35,874 (-85.2%), from €42,098 to €6,225
- Gross operating margin -€188,283
down €188,283 (-65.4%), from €287,823 to €99,540
- Taxes -€33,388
down €33,388 (-84.6%), from €39,482 to €6,095
- Depreciation +€14,961
up €14,961 (+20.9%), from €71,680 to €86,640
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 | €514,286 | €812,577 | +€298,290 | +58.0% |
| Fixed assets | 21/28 | €401,153 | €686,161 | +€285,008 | +71.0% |
| Tangible fixed assets | 22/27 | €401,153 | €686,161 | +€285,008 | +71.0% |
| Land and buildings | 22 | €70,558 | €240,671 | +€170,113 | +241% |
| Plant, machinery and equipment | 23 | €108,028 | €266,886 | +€158,858 | +147% |
| Furniture and vehicles | 24 | €222,566 | €178,603 | -€43,963 | -19.8% |
| Current assets | 29/58 | €113,134 | €126,415 | +€13,282 | +11.7% |
| Amounts receivable within one year | 40/41 | €68,453 | €117,242 | +€48,789 | +71.3% |
| Trade receivables | 40 | €59,414 | €112,315 | +€52,901 | +89.0% |
| Other amounts receivable | 41 | €9,039 | €4,927 | -€4,112 | -45.5% |
| Cash at bank and in hand | 54/58 | €44,420 | €9,048 | -€35,373 | -79.6% |
| Deferred charges and accrued income | 490/1 | €260 | €126 | -€135 | -51.8% |
| Total equity and liabilities | 10/49 | €514,286 | €812,577 | +€298,290 | +58.0% |
| Equity | 10/15 | €204,872 | €211,556 | +€6,683 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,272 | €192,956 | +€6,683 | +3.6% |
| Distributable reserves | 133 | €186,272 | €192,956 | +€6,683 | +3.6% |
| Amounts payable | 17/49 | €309,414 | €601,021 | +€291,607 | +94.2% |
| Amounts payable after more than one year | 17 | €241,500 | €41,500 | -€200,000 | -82.8% |
| Financial debts | 170/4 | €241,500 | €41,500 | -€200,000 | -82.8% |
| Amounts payable within one year | 42/48 | €67,914 | €559,521 | +€491,607 | +724% |
| Trade debts | 44 | €25,815 | €462,652 | +€436,837 | +1,692% |
| Suppliers | 440/4 | €25,815 | €462,652 | +€436,837 | +1,692% |
| Taxes, remuneration and social security | 45 | €42,098 | €6,225 | -€35,874 | -85.2% |
| Taxes | 450/3 | €42,098 | €6,225 | -€35,874 | -85.2% |
| Other amounts payable | 47/48 | - | €90,644 | +€90,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,680 | €86,640 | +€14,961 | +20.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €287,823 | €99,540 | -€188,283 | -65.4% |
| Operating profit (loss) | 9901 | €215,638 | €12,380 | -€203,258 | -94.3% |
| Financial income | 75/76B | €198 | €185 | -€14 | -6.9% |
| Recurring financial income | 75 | €198 | €185 | -€14 | -6.9% |
| Financial charges | 65/66B | €1,604 | -€213 | -€1,818 | |
| Recurring financial charges | 65 | €1,604 | -€213 | -€1,818 | |
| Profit (loss) for the period before taxes | 9903 | €214,232 | €12,778 | -€201,454 | -94.0% |
| Income taxes | 67/77 | €39,482 | €6,095 | -€33,388 | -84.6% |
| Profit (loss) for the period | 9904 | €174,750 | €6,683 | -€168,067 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,750 | €6,683 | -€168,067 | -96.2% |
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 6 November 2026 via checked.be.