ENTRADO: 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.
What changed
ENTRADO
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.4m
2024 · €5.5m-€40,295
Equity
€4.8m
2024 · €9.3m-€4.6m
Cash
€20.8m
2024 · €5.0m+€15.8m
Balance sheet total
€28.2m
2024 · €20.3m+€7.9m
Largest movements
Assets
- Cash +€15.8m
up €15.8m (+318%), from €5.0m to €20.8m
mainly Current investments (+€8.8m) and Other debts (+€6.9m)
- Current investments -€8.8m
down €8.8m (-100%), from €8.8m to €0
- Receivables within one year +€547,133
up €547,133 (+9.6%), from €5.7m to €6.3m
of which Trade receivables: +€791,688
Equity and liabilities
- Other debts +€6.9m
up €6.9m (+161%), from €4.3m to €11.2m
- Trade debts +€4.7m
up €4.7m (+113%), from €4.2m to €8.8m
- Profit (loss) carried forward -€4.4m
down €4.4m (-61.7%), from €7.1m to €2.7m
- Short-term financial debts +€584,770
up €584,770 (+99.4%), from €588,205 to €1.2m
Income statement
- Turnover +€53.6m
up €53.6m (+57.1%), from €93.9m to €147.5m
- Goods and materials +€53.2m
up €53.2m (+62.4%), from €85.2m to €138.4m
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.
Result 2024
€5.5m
Turnover
+€53.6m
Other operating income
+€1,091
Goods and materials
-€53.2m
Services and other goods
-€474,822
Staff costs
-€223,851
Depreciation
-€2,095
Other operating charges
+€449
Other operating items
+€511
Financial income
-€19,790
Financial charges
-€15,915
Taxes
+€265,361
Result 2025
€5.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16.6m
Investment
+€8.6m
Financing
-€9.4m
Cash 2024
€5.0m
From operations (derived)
+€16.6m
Net result for the year
+€5.4m
Depreciation
+€37,461
Receivables within one year
-€547,133
Deferred charges and accrued income
-€152,856
Trade debts
+€4.7m
Tax, wage and social debts
+€133,126
Other debts
+€6.9m
Accrued charges and deferred income
+€147,619
Investment (derived)
+€8.6m
Investment in fixed assets (net)
-€177,734
Current investments
+€8.8m
Financing
-€9.4m
Short-term financial debts
+€584,770
Contributions, distributions and other
-€10.0m
Cash 2025
€20.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,274,748 | €28,153,436 | +€7.9m | +38.9% |
| Fixed assets | 21/28 | €508,000 | €648,273 | +€140,273 | +27.6% |
| Intangible fixed assets | 21 | €11,639 | €329 | -€11,310 | -97.2% |
| Tangible fixed assets | 22/27 | €46,361 | €197,944 | +€151,583 | +327% |
| Furniture and vehicles | 24 | €33,535 | €30,301 | -€3,234 | -9.6% |
| Other tangible fixed assets | 26 | €12,826 | €167,642 | +€154,817 | +1,207% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €450,000 | €450,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €19,766,748 | €27,505,163 | +€7.7m | +39.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,718,560 | €6,265,693 | +€547,133 | +9.6% |
| Trade receivables | 40 | €3,858,560 | €4,650,248 | +€791,688 | +20.5% |
| Other amounts receivable | 41 | €1,860,000 | €1,615,445 | -€244,555 | -13.1% |
| Current investments | 50/53 | €8,800,000 | €0 | -€8.8m | -100% |
| Other investments | 51/53 | €8,800,000 | €0 | -€8.8m | -100% |
| Cash at bank and in hand | 54/58 | €4,987,724 | €20,826,149 | +€15.8m | +318% |
| Deferred charges and accrued income | 490/1 | €260,464 | €413,320 | +€152,856 | +58.7% |
| Total equity and liabilities | 10/49 | €20,274,748 | €28,153,436 | +€7.9m | +38.9% |
| Equity | 10/15 | €9,340,809 | €4,757,466 | -€4.6m | -49.1% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €2,011,176 | €1,817,516 | -€193,660 | -9.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,999,994 | €1,806,334 | -€193,660 | -9.7% |
| Distributable reserves | 133 | €9,322 | €9,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,111,033 | €2,721,350 | -€4.4m | -61.7% |
| Amounts payable | 17/49 | €10,933,940 | €23,395,970 | +€12.5m | +114% |
| Amounts payable within one year | 42/48 | €10,572,703 | €22,887,114 | +€12.3m | +116% |
| Financial debts | 43 | €588,205 | €1,172,975 | +€584,770 | +99.4% |
| Credit institutions | 430/8 | €588,205 | €1,172,975 | +€584,770 | +99.4% |
| Trade debts | 44 | €4,151,433 | €8,849,556 | +€4.7m | +113% |
| Suppliers | 440/4 | €4,151,433 | €8,849,556 | +€4.7m | +113% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,547,458 | €1,680,584 | +€133,126 | +8.6% |
| Taxes | 450/3 | €1,393,927 | €1,468,945 | +€75,018 | +5.4% |
| Remuneration and social security | 454/9 | €153,531 | €211,639 | +€58,108 | +37.8% |
| Other amounts payable | 47/48 | €4,285,607 | €11,184,000 | +€6.9m | +161% |
| Accrued charges and deferred income | 492/3 | €361,237 | €508,855 | +€147,619 | +40.9% |
| Operating income | 70/76A | €93,937,099 | €147,540,931 | +€53.6m | +57.1% |
| Turnover | 70 | €93,928,802 | €147,531,542 | +€53.6m | +57.1% |
| Other operating income | 74 | €8,297 | €9,388 | +€1,091 | +13.2% |
| Operating charges | 60/66A | €86,954,566 | €140,828,349 | +€53.9m | +62.0% |
| Goods for resale, raw materials and consumables | 60 | €85,203,301 | €138,377,276 | +€53.2m | +62.4% |
| Purchases | 600/8 | €85,203,301 | €138,377,276 | +€53.2m | +62.4% |
| Services and other goods | 61 | €1,035,281 | €1,510,103 | +€474,822 | +45.9% |
| Remuneration, social security and pensions | 62 | €677,291 | €901,142 | +€223,851 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,366 | €37,461 | +€2,095 | +5.9% |
| Other operating charges | 640/8 | €2,815 | €2,366 | -€449 | -16.0% |
| Non-recurring operating charges | 66A | €511 | €0 | -€511 | -100% |
| Operating profit (loss) | 9901 | €6,982,533 | €6,712,582 | -€269,951 | -3.9% |
| Financial income | 75/76B | €289,266 | €269,476 | -€19,790 | -6.8% |
| Recurring financial income | 75 | €289,266 | €269,476 | -€19,790 | -6.8% |
| Income from financial fixed assets | 750 | - | €29,765 | +€29,765 | |
| Income from current assets | 751 | €289,260 | €239,711 | -€49,549 | -17.1% |
| Other financial income | 752/9 | €7 | €0 | -€6 | -95.7% |
| Financial charges | 65/66B | €137,192 | €153,107 | +€15,915 | +11.6% |
| Recurring financial charges | 65 | €137,192 | €153,107 | +€15,915 | +11.6% |
| Debt charges | 650 | €129,804 | €145,746 | +€15,942 | +12.3% |
| Other financial charges | 652/9 | €7,387 | €7,360 | -€27 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €7,134,608 | €6,828,952 | -€305,656 | -4.3% |
| Income taxes | 67/77 | €1,677,655 | €1,412,295 | -€265,361 | -15.8% |
| Taxes | 670/3 | €1,677,741 | €1,712,615 | +€34,874 | +2.1% |
| Tax adjustments and reversals of tax provisions | 77 | €85 | €300,320 | +€300,235 | +352,595% |
| Profit (loss) for the period | 9904 | €5,456,952 | €5,416,657 | -€40,295 | -0.7% |
| Transfer from tax-exempt reserves | 789 | - | €193,660 | +€193,660 | |
| Transfer to tax-exempt reserves | 689 | €999,997 | €0 | -€999,997 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €4,456,955 | €5,610,317 | +€1.2m | +25.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.