ENTRA CONSULT: 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.
ENTRA CONSULT
Largest movements
- Cash -€26,246
down €26,246 (-57.7%), from €45,487 to €19,241
mainly Contributions, distributions and other (-€61,148) and Current investments (-€21,336)
- Current investments +€21,336
up €21,336 (+9.1%), from €235,642 to €256,978
- Tangible fixed assets -€6,452
down €6,452 (-2.5%), from €256,559 to €250,107
of which Furniture and vehicles: -€4,907
- Reserves -€12,726
down €12,726 (-3.2%), from €402,919 to €390,193
- Debts after one year -€9,600
down €9,600 (-16.4%), from €58,400 to €48,800
- Tax, wage and social debts +€8,241
up €8,241 (+145.6%), from €5,662 to €13,903
- Financial charges -€56,060
down €56,060 (-98.0%), from €57,189 to €1,129
of which Non-recurring financial charges: -€56,028
- Gross operating margin -€27,933
down €27,933 (-26.3%), from €106,112 to €78,179
- Depreciation -€23,273
down €23,273 (-46.4%), from €50,117 to €26,844
- Taxes +€4,421
up €4,421 (+29.4%), from €15,060 to €19,481
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 | €608,701 | €593,196 | -€15,505 | -2.5% |
| Fixed assets | 21/28 | €256,559 | €250,142 | -€6,417 | -2.5% |
| Tangible fixed assets | 22/27 | €256,559 | €250,107 | -€6,452 | -2.5% |
| Land and buildings | 22 | €151,962 | €151,584 | -€378 | -0.2% |
| Plant, machinery and equipment | 23 | €1,557 | €389 | -€1,167 | -75.0% |
| Furniture and vehicles | 24 | €103,041 | €98,134 | -€4,907 | -4.8% |
| Financial fixed assets | 28 | - | €35 | +€35 | |
| Current assets | 29/58 | €352,142 | €343,054 | -€9,088 | -2.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €68,335 | €65,363 | -€2,972 | -4.3% |
| Trade receivables | 40 | €363 | €363 | = | 0.0% |
| Other amounts receivable | 41 | €67,972 | €65,000 | -€2,972 | -4.4% |
| Current investments | 50/53 | €235,642 | €256,978 | +€21,336 | +9.1% |
| Cash at bank and in hand | 54/58 | €45,487 | €19,241 | -€26,246 | -57.7% |
| Deferred charges and accrued income | 490/1 | €2,679 | €1,472 | -€1,206 | -45.0% |
| Total equity and liabilities | 10/49 | €608,701 | €593,196 | -€15,505 | -2.5% |
| Equity | 10/15 | €421,469 | €408,743 | -€12,726 | -3.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €402,919 | €390,193 | -€12,726 | -3.2% |
| Distributable reserves | 133 | €402,919 | €390,193 | -€12,726 | -3.2% |
| Provisions and deferred taxes | 16 | €109,206 | €109,206 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €109,206 | €109,206 | = | 0.0% |
| Other liabilities and charges | 164/5 | €109,206 | €109,206 | = | 0.0% |
| Amounts payable | 17/49 | €78,026 | €75,247 | -€2,779 | -3.6% |
| Amounts payable after more than one year | 17 | €58,400 | €48,800 | -€9,600 | -16.4% |
| Financial debts | 170/4 | €58,400 | €48,800 | -€9,600 | -16.4% |
| Amounts payable within one year | 42/48 | €18,614 | €26,059 | +€7,445 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €9,600 | €9,600 | = | 0.0% |
| Trade debts | 44 | €1,364 | €1,366 | +€3 | +0.2% |
| Suppliers | 440/4 | €1,364 | €1,366 | +€3 | +0.2% |
| Taxes, remuneration and social security | 45 | €5,662 | €13,903 | +€8,241 | +145.6% |
| Taxes | 450/3 | €5,662 | €13,903 | +€8,241 | +145.6% |
| Other amounts payable | 47/48 | €1,989 | €1,190 | -€799 | -40.2% |
| Accrued charges and deferred income | 492/3 | €1,012 | €388 | -€624 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,117 | €26,844 | -€23,273 | -46.4% |
| Other operating charges | 640/8 | €5,215 | €4,816 | -€399 | -7.7% |
| Gross operating margin | 9900 | €106,112 | €78,179 | -€27,933 | -26.3% |
| Operating profit (loss) | 9901 | €50,780 | €46,519 | -€4,261 | -8.4% |
| Financial income | 75/76B | €23,459 | €22,513 | -€946 | -4.0% |
| Recurring financial income | 75 | €23,459 | €22,513 | -€946 | -4.0% |
| Financial charges | 65/66B | €57,189 | €1,129 | -€56,060 | -98.0% |
| Recurring financial charges | 65 | €1,161 | €1,129 | -€32 | -2.7% |
| Non-recurring financial charges | 66B | €56,028 | - | -€56,028 | |
| Profit (loss) for the period before taxes | 9903 | €17,050 | €67,903 | +€50,853 | +298.3% |
| Income taxes | 67/77 | €15,060 | €19,481 | +€4,421 | +29.4% |
| Profit (loss) for the period | 9904 | €1,990 | €48,422 | +€46,432 | +2333.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,990 | €48,422 | +€46,432 | +2333.0% |
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 9 October 2026 via checked.be.