ENTICO: 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.
ENTICO
Largest movements
- Receivables within one year -€343,909
down €343,909 (-38.1%), from €903,552 to €559,643
of which Trade receivables: -€371,175
- Cash +€103,646
up €103,646 (+32.6%), from €318,159 to €421,805
mainly Receivables within one year (+€343,909) and Net result for the year (+€46,322)
- Receivables after one year +€35,000
up €35,000 (+13.5%), from €260,000 to €295,000
- Trade debts -€122,821
down €122,821 (-30.6%), from €401,530 to €278,709
- Debts after one year -€64,494
down €64,494 (-26.5%), from €243,695 to €179,201
- Tax, wage and social debts -€49,742
down €49,742 (-35.9%), from €138,466 to €88,724
of which Remuneration and social security: -€28,058
- Reserves +€46,000
up €46,000 (+9.2%), from €497,552 to €543,552
of which Distributable reserves: +€46,000
- Gross operating margin -€54,932
down €54,932 (-7.9%), from €691,528 to €636,596
- Taxes -€15,560
down €15,560 (-28.5%), from €54,586 to €39,026
- Staff costs -€10,590
down €10,590 (-2.0%), from €538,656 to €528,066
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 | €1,500,883 | €1,300,949 | -€199,934 | -13.3% |
| Fixed assets | 21/28 | €5,487 | €15,155 | +€9,668 | +176.2% |
| Tangible fixed assets | 22/27 | €3,351 | €13,019 | +€9,668 | +288.5% |
| Furniture and vehicles | 24 | €3,351 | €13,019 | +€9,668 | +288.5% |
| Financial fixed assets | 28 | €2,136 | €2,136 | = | 0.0% |
| Current assets | 29/58 | €1,495,396 | €1,285,794 | -€209,602 | -14.0% |
| Amounts receivable after more than one year | 29 | €260,000 | €295,000 | +€35,000 | +13.5% |
| Other amounts receivable | 291 | €260,000 | €295,000 | +€35,000 | +13.5% |
| Amounts receivable within one year | 40/41 | €903,552 | €559,643 | -€343,909 | -38.1% |
| Trade receivables | 40 | €892,892 | €521,717 | -€371,175 | -41.6% |
| Other amounts receivable | 41 | €10,660 | €37,926 | +€27,266 | +255.8% |
| Cash at bank and in hand | 54/58 | €318,159 | €421,805 | +€103,646 | +32.6% |
| Deferred charges and accrued income | 490/1 | €13,685 | €9,346 | -€4,339 | -31.7% |
| Total equity and liabilities | 10/49 | €1,500,883 | €1,300,949 | -€199,934 | -13.3% |
| Equity | 10/15 | €525,726 | €572,048 | +€46,322 | +8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €497,552 | €543,552 | +€46,000 | +9.2% |
| Non-distributable reserves | 130/1 | €802 | €802 | = | 0.0% |
| Reserves not available under the articles | 1311 | €802 | €802 | = | 0.0% |
| Distributable reserves | 133 | €496,750 | €542,750 | +€46,000 | +9.3% |
| Profit (loss) carried forward | 14 | €8,174 | €8,496 | +€322 | +3.9% |
| Amounts payable | 17/49 | €975,157 | €728,901 | -€246,256 | -25.3% |
| Amounts payable after more than one year | 17 | €243,695 | €179,201 | -€64,494 | -26.5% |
| Financial debts | 170/4 | €243,695 | €179,201 | -€64,494 | -26.5% |
| Amounts payable within one year | 42/48 | €731,462 | €549,700 | -€181,762 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €78,862 | €79,730 | +€868 | +1.1% |
| Trade debts | 44 | €401,530 | €278,709 | -€122,821 | -30.6% |
| Suppliers | 440/4 | €401,530 | €278,709 | -€122,821 | -30.6% |
| Taxes, remuneration and social security | 45 | €138,466 | €88,724 | -€49,742 | -35.9% |
| Taxes | 450/3 | €34,016 | €12,332 | -€21,684 | -63.7% |
| Remuneration and social security | 454/9 | €104,450 | €76,392 | -€28,058 | -26.9% |
| Other amounts payable | 47/48 | €112,604 | €102,537 | -€10,067 | -8.9% |
| Remuneration, social security and pensions | 62 | €538,656 | €528,066 | -€10,590 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,370 | €2,671 | +€1,301 | +95.0% |
| Other operating charges | 640/8 | €1,166 | €526 | -€640 | -54.9% |
| Gross operating margin | 9900 | €691,528 | €636,596 | -€54,932 | -7.9% |
| Operating profit (loss) | 9901 | €150,336 | €105,333 | -€45,003 | -29.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,370 | €19,986 | +€4,616 | +30.0% |
| Recurring financial charges | 65 | €15,370 | €19,986 | +€4,616 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €134,966 | €85,348 | -€49,618 | -36.8% |
| Income taxes | 67/77 | €54,586 | €39,026 | -€15,560 | -28.5% |
| Profit (loss) for the period | 9904 | €80,380 | €46,322 | -€34,058 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,380 | €46,322 | -€34,058 | -42.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.