ENTRACO: what changed
Two fiscal 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.
ENTRACO
Largest movements
- Stocks and contracts -€956,980
down €956,980 (-69.6%), from €1.4m to €418,750
of which Contracts in progress: -€921,700
- Receivables within one year -€63,870
down €63,870 (-6.7%), from €950,314 to €886,444
of which Trade receivables: -€70,682
- Cash -€47,600
down €47,600 (-72.0%), from €66,071 to €18,471
mainly Advances received (-€1.2m) and Trade debts (-€79,188)
- Tangible fixed assets -€28,087
down €28,087 (-42.7%), from €65,712 to €37,625
of which Furniture and vehicles: -€27,556
- Advances received -€1.2m
down €1.2m (-67.1%), from €1.8m to €589,460
- Short-term financial debts +€225,000
up €225,000 (+300.0%), from €75,000 to €300,000
- Trade debts -€79,188
down €79,188 (-26.3%), from €300,600 to €221,412
- Profit (loss) carried forward -€36,314
down €36,314 (-222.9%), from -€16,294 to -€52,608
- Gross operating margin -€79,965
down €79,965 (-94.8%), from €84,368 to €4,403
- Write-downs +€24,760
up €24,760, from -€1,180 to €23,580
- Financial charges -€23,659
down €23,659 (-54.9%), from €43,104 to €19,444
- Other operating charges -€20,501
down €20,501 (-91.5%), from €22,412 to €1,911
- Taxes -€2,515
down €2,515 (-90.0%), from €2,794 to €279
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,630,754 | €1,538,168 | -€1.1m | -41.5% |
| Fixed assets | 21/28 | €65,772 | €37,685 | -€28,087 | -42.7% |
| Tangible fixed assets | 22/27 | €65,712 | €37,625 | -€28,087 | -42.7% |
| Plant, machinery and equipment | 23 | €585 | €54 | -€531 | -90.8% |
| Furniture and vehicles | 24 | €65,127 | €37,572 | -€27,556 | -42.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €2,564,982 | €1,500,483 | -€1.1m | -41.5% |
| Amounts receivable after more than one year | 29 | €165,000 | €165,000 | = | 0.0% |
| Other amounts receivable | 291 | €165,000 | €165,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,375,730 | €418,750 | -€956,980 | -69.6% |
| Stocks | 30/36 | €159,030 | €123,750 | -€35,280 | -22.2% |
| Contracts in progress | 37 | €1,216,700 | €295,000 | -€921,700 | -75.8% |
| Amounts receivable within one year | 40/41 | €950,314 | €886,444 | -€63,870 | -6.7% |
| Trade receivables | 40 | €863,789 | €793,107 | -€70,682 | -8.2% |
| Other amounts receivable | 41 | €86,525 | €93,337 | +€6,812 | +7.9% |
| Cash at bank and in hand | 54/58 | €66,071 | €18,471 | -€47,600 | -72.0% |
| Deferred charges and accrued income | 490/1 | €7,867 | €11,817 | +€3,951 | +50.2% |
| Total equity and liabilities | 10/49 | €2,630,754 | €1,538,168 | -€1.1m | -41.5% |
| Equity | 10/15 | €357,516 | €321,202 | -€36,314 | -10.2% |
| Contributions | 10/11 | €206,200 | €206,200 | = | 0.0% |
| Reserves | 13 | €167,609 | €167,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €162,609 | €162,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,294 | -€52,608 | -€36,314 | -222.9% |
| Provisions and deferred taxes | 16 | €99,832 | €99,832 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €99,832 | €99,832 | = | 0.0% |
| Pensions and similar obligations | 160 | €99,832 | €99,832 | = | 0.0% |
| Amounts payable | 17/49 | €2,173,406 | €1,117,134 | -€1.1m | -48.6% |
| Amounts payable within one year | 42/48 | €2,172,296 | €1,117,134 | -€1.1m | -48.6% |
| Financial debts | 43 | €75,000 | €300,000 | +€225,000 | +300.0% |
| Credit institutions | 430/8 | €75,000 | €300,000 | +€225,000 | +300.0% |
| Trade debts | 44 | €300,600 | €221,412 | -€79,188 | -26.3% |
| Suppliers | 440/4 | €300,600 | €221,412 | -€79,188 | -26.3% |
| Advances received on contracts in progress | 46 | €1,789,460 | €589,460 | -€1.2m | -67.1% |
| Taxes, remuneration and social security | 45 | €7,236 | €6,262 | -€974 | -13.5% |
| Taxes | 450/3 | €6,756 | €4,212 | -€2,545 | -37.7% |
| Remuneration and social security | 454/9 | €480 | €2,051 | +€1,571 | +327.2% |
| Accrued charges and deferred income | 492/3 | €1,110 | €0 | -€1,110 | -100.0% |
| Non-recurring operating income | 76A | €0 | €5,310 | +€5,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,568 | €16,397 | -€1,172 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,180 | €23,580 | +€24,760 | |
| Other operating charges | 640/8 | €22,412 | €1,911 | -€20,501 | -91.5% |
| Gross operating margin | 9900 | €84,368 | €4,403 | -€79,965 | -94.8% |
| Operating profit (loss) | 9901 | €45,568 | -€37,485 | -€83,053 | |
| Financial income | 75/76B | €19,115 | €20,894 | +€1,780 | +9.3% |
| Recurring financial income | 75 | €19,115 | €20,894 | +€1,780 | +9.3% |
| Financial charges | 65/66B | €43,104 | €19,444 | -€23,659 | -54.9% |
| Recurring financial charges | 65 | €43,104 | €19,444 | -€23,659 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €21,579 | -€36,035 | -€57,614 | |
| Income taxes | 67/77 | €2,794 | €279 | -€2,515 | -90.0% |
| Profit (loss) for the period | 9904 | €18,784 | -€36,314 | -€55,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,784 | -€36,314 | -€55,099 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.