EntoQ: 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.
EntoQ
Largest movements
- Tangible fixed assets +€653,860
up €653,860 (+14,448%), from €4,526 to €658,386
of which Assets under construction and advance payments: +€655,845
- Receivables within one year +€287,322
up €287,322 (+545%), from €52,753 to €340,076
- Cash +€40,502
up €40,502 (+4,193%), from €966 to €41,468
mainly Contributions, distributions and other (+€1.1m) and Trade debts (+€88,347)
- Financial fixed assets +€16,299
up €16,299 (+166%), from €9,826 to €26,125
- Contributions +€615,000
up €615,000 (+615%), from €100,000 to €715,000
- Investment grants +€529,851
new in 2025: €529,851
- Debts after one year -€170,000
down €170,000 (-25.4%), from €670,000 to €500,000
- Trade debts +€88,347
up €88,347 (+387%), from €22,806 to €111,154
- Other debts -€46,109
down €46,109 (-100%), from €46,109 to €0
- Gross operating margin +€186,989
up €186,989, from -€47,898 to €139,091
- Staff costs +€50,523
up €50,523 (+51.1%), from €98,910 to €149,433
- Financial charges +€12,086
up €12,086 (+546%), from €2,214 to €14,300
- Depreciation -€1,768
down €1,768 (-39.8%), from €4,443 to €2,675
- Other operating charges +€1,459
up €1,459 (+116%), from €1,260 to €2,719
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.
Derived cash bridge
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 | €615,807 | €1,617,590 | +€1.0m | +163% |
| Fixed assets | 21/28 | €550,388 | €1,219,857 | +€669,470 | +122% |
| Intangible fixed assets | 21 | €536,035 | €535,346 | -€690 | -0.1% |
| Tangible fixed assets | 22/27 | €4,526 | €658,386 | +€653,860 | +14,448% |
| Plant, machinery and equipment | 23 | €4,463 | €2,541 | -€1,922 | -43.1% |
| Furniture and vehicles | 24 | €63 | €0 | -€63 | -100% |
| Assets under construction and advance payments | 27 | - | €655,845 | +€655,845 | |
| Financial fixed assets | 28 | €9,826 | €26,125 | +€16,299 | +166% |
| Current assets | 29/58 | €65,419 | €397,733 | +€332,314 | +508% |
| Stocks and contracts in progress | 3 | €11,700 | €11,700 | = | 0.0% |
| Stocks | 30/36 | €11,700 | €11,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,753 | €340,076 | +€287,322 | +545% |
| Other amounts receivable | 41 | €52,753 | €340,076 | +€287,322 | +545% |
| Cash at bank and in hand | 54/58 | €966 | €41,468 | +€40,502 | +4,193% |
| Deferred charges and accrued income | 490/1 | €0 | €4,490 | +€4,490 | |
| Total equity and liabilities | 10/49 | €615,807 | €1,617,590 | +€1.0m | +163% |
| Equity | 10/15 | -€145,803 | €970,022 | +€1.1m | |
| Contributions | 10/11 | €100,000 | €715,000 | +€615,000 | +615% |
| Profit (loss) carried forward | 14 | -€245,803 | -€274,829 | -€29,026 | -11.8% |
| Investment grants | 15 | - | €529,851 | +€529,851 | |
| Amounts payable | 17/49 | €761,609 | €647,568 | -€114,041 | -15.0% |
| Amounts payable after more than one year | 17 | €670,000 | €500,000 | -€170,000 | -25.4% |
| Financial debts | 170/4 | €670,000 | €500,000 | -€170,000 | -25.4% |
| Amounts payable within one year | 42/48 | €91,609 | €147,568 | +€55,959 | +61.1% |
| Financial debts | 43 | €708 | €1,911 | +€1,204 | +170% |
| Credit institutions | 430/8 | €708 | €1,911 | +€1,204 | +170% |
| Trade debts | 44 | €22,806 | €111,154 | +€88,347 | +387% |
| Suppliers | 440/4 | €22,806 | €111,154 | +€88,347 | +387% |
| Taxes, remuneration and social security | 45 | €21,986 | €34,503 | +€12,517 | +56.9% |
| Taxes | 450/3 | €1,407 | €2,976 | +€1,568 | +111% |
| Remuneration and social security | 454/9 | €20,579 | €31,528 | +€10,949 | +53.2% |
| Other amounts payable | 47/48 | €46,109 | €0 | -€46,109 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €55,000 | +€55,000 | |
| Remuneration, social security and pensions | 62 | €98,910 | €149,433 | +€50,523 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,443 | €2,675 | -€1,768 | -39.8% |
| Other operating charges | 640/8 | €1,260 | €2,719 | +€1,459 | +116% |
| Gross operating margin | 9900 | -€47,898 | €139,091 | +€186,989 | |
| Operating profit (loss) | 9901 | -€152,510 | -€15,736 | +€136,774 | +89.7% |
| Financial income | 75/76B | €869 | €374 | -€495 | -56.9% |
| Recurring financial income | 75 | €869 | €374 | -€495 | -56.9% |
| Financial charges | 65/66B | €2,214 | €14,300 | +€12,086 | +546% |
| Recurring financial charges | 65 | €2,214 | €14,300 | +€12,086 | +546% |
| Profit (loss) for the period before taxes | 9903 | -€153,855 | -€29,662 | +€124,193 | +80.7% |
| Income taxes | 67/77 | -€112 | -€635 | -€523 | -467% |
| Profit (loss) for the period | 9904 | -€153,743 | -€29,026 | +€124,717 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€153,743 | -€29,026 | +€124,717 | +81.1% |
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 15 October 2026 via checked.be.