ENTR-ACTES: 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.
ENTR-ACTES
Largest movements
- Current investments +€106,831
up €106,831 (+1,299%), from €8,224 to €115,055
- Receivables within one year +€20,316
up €20,316 (+21,240%), from €96 to €20,411
of which Trade receivables: +€20,197
- Stocks and contracts -€19,197
down €19,197 (-3.1%), from €626,453 to €607,256
- Other debts +€115,177
up €115,177 (+22.3%), from €517,016 to €632,193
- Debts after one year -€11,811
down €11,811 (-4.0%), from €296,684 to €284,873
- Gross operating margin -€132,420
down €132,420 (-83.6%), from €158,323 to €25,903
- Taxes -€19,813
no longer reported in 2025 (was €19,813)
- Financial charges -€7,615
down €7,615 (-34.5%), from €22,047 to €14,432
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 | €972,534 | €1,076,068 | +€103,534 | +10.6% |
| Fixed assets | 21/28 | €335,155 | €326,005 | -€9,149 | -2.7% |
| Tangible fixed assets | 22/27 | €335,155 | €326,005 | -€9,149 | -2.7% |
| Land and buildings | 22 | €335,155 | €326,005 | -€9,149 | -2.7% |
| Current assets | 29/58 | €637,379 | €750,063 | +€112,683 | +17.7% |
| Stocks and contracts in progress | 3 | €626,453 | €607,256 | -€19,197 | -3.1% |
| Stocks | 30/36 | €626,453 | €607,256 | -€19,197 | -3.1% |
| Amounts receivable within one year | 40/41 | €96 | €20,411 | +€20,316 | +21,240% |
| Trade receivables | 40 | - | €20,197 | +€20,197 | |
| Other amounts receivable | 41 | €96 | €214 | +€118 | +124% |
| Current investments | 50/53 | €8,224 | €115,055 | +€106,831 | +1,299% |
| Cash at bank and in hand | 54/58 | €2,539 | €6,259 | +€3,720 | +146% |
| Deferred charges and accrued income | 490/1 | €68 | €1,081 | +€1,014 | +1,500% |
| Total equity and liabilities | 10/49 | €972,534 | €1,076,068 | +€103,534 | +10.6% |
| Equity | 10/15 | €145,417 | €144,267 | -€1,150 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,301 | €116,301 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,941 | €50,941 | = | 0.0% |
| Distributable reserves | 133 | €65,360 | €65,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,516 | €9,366 | -€1,150 | -10.9% |
| Amounts payable | 17/49 | €827,117 | €931,801 | +€104,684 | +12.7% |
| Amounts payable after more than one year | 17 | €296,684 | €284,873 | -€11,811 | -4.0% |
| Financial debts | 170/4 | €296,684 | €284,873 | -€11,811 | -4.0% |
| Amounts payable within one year | 42/48 | €530,433 | €646,928 | +€116,495 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €11,326 | €11,811 | +€485 | +4.3% |
| Trade debts | 44 | €2,091 | €2,924 | +€833 | +39.8% |
| Suppliers | 440/4 | €2,091 | €2,924 | +€833 | +39.8% |
| Other amounts payable | 47/48 | €517,016 | €632,193 | +€115,177 | +22.3% |
| Non-recurring operating income | 76A | €133,659 | - | -€133,659 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,116 | €9,149 | +€33 | +0.4% |
| Other operating charges | 640/8 | €4,518 | €3,521 | -€997 | -22.1% |
| Gross operating margin | 9900 | €158,323 | €25,903 | -€132,420 | -83.6% |
| Operating profit (loss) | 9901 | €144,688 | €13,233 | -€131,456 | -90.9% |
| Financial income | 75/76B | €28 | €49 | +€21 | +72.4% |
| Recurring financial income | 75 | €28 | €49 | +€21 | +72.4% |
| Financial charges | 65/66B | €22,047 | €14,432 | -€7,615 | -34.5% |
| Recurring financial charges | 65 | €22,047 | €14,432 | -€7,615 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €122,670 | -€1,150 | -€123,820 | |
| Income taxes | 67/77 | €19,813 | - | -€19,813 | |
| Profit (loss) for the period | 9904 | €102,857 | -€1,150 | -€104,007 | |
| Transfer to tax-exempt reserves | 689 | €50,941 | - | -€50,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,916 | -€1,150 | -€53,066 |
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 22 October 2026 via checked.be.