ENTRACON: 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.
ENTRACON
Largest movements
- Cash +€47,567
up €47,567 (+33.8%), from €140,672 to €188,239
mainly Net result for the year (+€78,018) and Depreciation (+€22,618)
- Tangible fixed assets +€26,511
up €26,511 (+24.6%), from €107,856 to €134,367
of which Furniture and vehicles: +€30,948
- Current investments +€15,000
new in 2025: €15,000
- Receivables within one year -€4,871
down €4,871 (-9.4%), from €51,701 to €46,830
of which Trade receivables: -€5,751
- Reserves +€78,018
up €78,018 (+31.6%), from €246,826 to €324,844
of which Distributable reserves: +€78,018
- Debts after one year +€17,096
up €17,096, from €0 to €17,096
- Trade debts -€9,944
down €9,944 (-93.1%), from €10,679 to €735
- Current portion of long-term debt -€8,404
down €8,404 (-38.8%), from €21,636 to €13,232
- Short-term financial debts +€4,644
new in 2025: €4,644
- Gross operating margin +€10,983
up €10,983 (+8.7%), from €126,011 to €136,994
- Taxes +€4,985
up €4,985 (+17.2%), from €28,981 to €33,966
- Depreciation -€1,911
down €1,911 (-7.8%), from €24,529 to €22,618
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 | €306,435 | €387,805 | +€81,370 | +26.6% |
| Fixed assets | 21/28 | €107,861 | €134,372 | +€26,511 | +24.6% |
| Tangible fixed assets | 22/27 | €107,856 | €134,367 | +€26,511 | +24.6% |
| Land and buildings | 22 | €67,500 | €67,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,021 | €2,814 | -€1,207 | -30.0% |
| Furniture and vehicles | 24 | €20,649 | €51,596 | +€30,948 | +150% |
| Other tangible fixed assets | 26 | €2,259 | €12,457 | +€10,198 | +451% |
| Assets under construction and advance payments | 27 | €13,427 | €0 | -€13,427 | -100% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €198,574 | €253,433 | +€54,859 | +27.6% |
| Stocks and contracts in progress | 3 | €3,424 | €1,398 | -€2,026 | -59.2% |
| Stocks | 30/36 | €3,424 | €1,398 | -€2,026 | -59.2% |
| Amounts receivable within one year | 40/41 | €51,701 | €46,830 | -€4,871 | -9.4% |
| Trade receivables | 40 | €45,936 | €40,185 | -€5,751 | -12.5% |
| Other amounts receivable | 41 | €5,765 | €6,645 | +€880 | +15.3% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €140,672 | €188,239 | +€47,567 | +33.8% |
| Deferred charges and accrued income | 490/1 | €2,777 | €1,966 | -€811 | -29.2% |
| Total equity and liabilities | 10/49 | €306,435 | €387,805 | +€81,370 | +26.6% |
| Equity | 10/15 | €265,426 | €343,444 | +€78,018 | +29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,826 | €324,844 | +€78,018 | +31.6% |
| Tax-exempt reserves | 132 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €246,641 | €324,658 | +€78,018 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,009 | €44,361 | +€3,352 | +8.2% |
| Amounts payable after more than one year | 17 | €0 | €17,096 | +€17,096 | |
| Financial debts | 170/4 | €0 | €17,096 | +€17,096 | |
| Amounts payable within one year | 42/48 | €40,846 | €27,265 | -€13,581 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €21,636 | €13,232 | -€8,404 | -38.8% |
| Financial debts | 43 | - | €4,644 | +€4,644 | |
| Credit institutions | 430/8 | - | €4,644 | +€4,644 | |
| Trade debts | 44 | €10,679 | €735 | -€9,944 | -93.1% |
| Suppliers | 440/4 | €10,679 | €735 | -€9,944 | -93.1% |
| Taxes, remuneration and social security | 45 | €8,531 | €8,654 | +€123 | +1.4% |
| Taxes | 450/3 | €8,531 | €8,654 | +€123 | +1.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €163 | €0 | -€163 | -100% |
| Non-recurring operating income | 76A | - | €9,658 | +€9,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,529 | €22,618 | -€1,911 | -7.8% |
| Other operating charges | 640/8 | €967 | €1,375 | +€408 | +42.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €126,011 | €136,994 | +€10,983 | +8.7% |
| Operating profit (loss) | 9901 | €100,516 | €113,002 | +€12,486 | +12.4% |
| Financial income | 75/76B | €885 | €1,174 | +€289 | +32.6% |
| Recurring financial income | 75 | €885 | €1,174 | +€289 | +32.6% |
| Financial charges | 65/66B | €1,539 | €2,192 | +€653 | +42.4% |
| Recurring financial charges | 65 | €1,539 | €2,192 | +€653 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €99,862 | €111,984 | +€12,122 | +12.1% |
| Income taxes | 67/77 | €28,981 | €33,966 | +€4,985 | +17.2% |
| Profit (loss) for the period | 9904 | €70,881 | €78,018 | +€7,136 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,881 | €78,018 | +€7,136 | +10.1% |
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 17 October 2026 via checked.be.