ENTOURAGE CAPITAL MANAGEMENT: what changed
What changed
ENTOURAGE CAPITAL MANAGEMENT
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€11,823
2024 · -€16,180+€28,003
Equity
-€8,118
2024 · -€19,941+€11,823
Cash
€464
2024 · €557-€93
Balance sheet total
€340,145
2024 · €259,120+€81,025
Largest movements
Assets
- Stocks and contracts +€81,800
up €81,800 (+32.4%), from €252,572 to €334,372
Equity and liabilities
- Debts after one year +€52,000
up €52,000 (+25.5%), from €204,000 to €256,000
- Other debts +€29,590
up €29,590 (+53.0%), from €55,817 to €85,407
- Profit (loss) carried forward +€11,823
up €11,823 (+29.3%), from -€40,401 to -€28,578
- Trade debts -€11,579
down €11,579 (-72.2%), from €16,039 to €4,460
Income statement
- Gross operating margin +€35,503
up €35,503, from -€7,837 to €27,666
- Financial charges +€11,287
up €11,287 (+338%), from €3,344 to €14,631
- Other operating charges -€487
down €487 (-49.8%), from €978 to €491
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.
Result 2024
-€16,180
Gross operating margin
+€35,503
Depreciation
+€164
Other operating charges
+€487
Other operating items
+€3,263
Financial income
-€127
Financial charges
-€11,287
Result 2025
€11,823
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€52,093
Investment
€0
Financing
+€52,000
Cash 2024
€557
From operations (derived)
-€52,093
Net result for the year
+€11,823
Depreciation
+€97
Stocks and contracts
-€81,800
Receivables within one year
+€585
Trade debts
-€11,579
Tax, wage and social debts
-€809
Other debts
+€29,590
Financing
+€52,000
Debts after one year
+€52,000
Cash 2025
€464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,120 | €340,145 | +€81,025 | +31.3% |
| Fixed assets | 21/28 | €177 | €80 | -€97 | -54.9% |
| Tangible fixed assets | 22/27 | €177 | €80 | -€97 | -54.9% |
| Furniture and vehicles | 24 | €177 | €80 | -€97 | -54.9% |
| Current assets | 29/58 | €258,943 | €340,066 | +€81,122 | +31.3% |
| Stocks and contracts in progress | 3 | €252,572 | €334,372 | +€81,800 | +32.4% |
| Stocks | 30/36 | €252,572 | €334,372 | +€81,800 | +32.4% |
| Amounts receivable within one year | 40/41 | €5,815 | €5,230 | -€585 | -10.1% |
| Trade receivables | 40 | €861 | - | -€861 | |
| Other amounts receivable | 41 | €4,954 | €5,230 | +€276 | +5.6% |
| Cash at bank and in hand | 54/58 | €557 | €464 | -€93 | -16.7% |
| Total equity and liabilities | 10/49 | €259,120 | €340,145 | +€81,025 | +31.3% |
| Equity | 10/15 | -€19,941 | -€8,118 | +€11,823 | +59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,401 | -€28,578 | +€11,823 | +29.3% |
| Amounts payable | 17/49 | €279,061 | €348,263 | +€69,202 | +24.8% |
| Amounts payable after more than one year | 17 | €204,000 | €256,000 | +€52,000 | +25.5% |
| Financial debts | 170/4 | €204,000 | €256,000 | +€52,000 | +25.5% |
| Amounts payable within one year | 42/48 | €75,061 | €92,263 | +€17,202 | +22.9% |
| Trade debts | 44 | €16,039 | €4,460 | -€11,579 | -72.2% |
| Suppliers | 440/4 | €16,039 | €4,460 | -€11,579 | -72.2% |
| Taxes, remuneration and social security | 45 | €3,205 | €2,397 | -€809 | -25.2% |
| Taxes | 450/3 | €3,205 | €2,397 | -€809 | -25.2% |
| Other amounts payable | 47/48 | €55,817 | €85,407 | +€29,590 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €97 | -€164 | -62.8% |
| Other operating charges | 640/8 | €978 | €491 | -€487 | -49.8% |
| Non-recurring operating charges | 66A | €4,163 | €900 | -€3,263 | -78.4% |
| Gross operating margin | 9900 | -€7,837 | €27,666 | +€35,503 | |
| Operating profit (loss) | 9901 | -€13,239 | €26,178 | +€39,417 | |
| Financial income | 75/76B | €403 | €276 | -€127 | -31.5% |
| Recurring financial income | 75 | €403 | €276 | -€127 | -31.5% |
| Financial charges | 65/66B | €3,344 | €14,631 | +€11,287 | +338% |
| Recurring financial charges | 65 | €3,344 | €14,631 | +€11,287 | +338% |
| Profit (loss) for the period before taxes | 9903 | -€16,180 | €11,823 | +€28,003 | |
| Profit (loss) for the period | 9904 | -€16,180 | €11,823 | +€28,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,180 | €11,823 | +€28,003 |
Next steps
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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 3 November 2026 via checked.be.