ENTRAKT: 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.
ENTRAKT
Largest movements
- Receivables within one year +€306,196
up €306,196 (+48.3%), from €633,349 to €939,544
of which Trade receivables: +€172,139
- Deferred charges and accrued income -€109,030
down €109,030 (-62.0%), from €175,815 to €66,785
- Tangible fixed assets -€58,613
down €58,613 (-36.0%), from €162,932 to €104,319
- Cash +€34,565
up €34,565 (+26.9%), from €128,420 to €162,985
mainly Other debts (+€114,135) and Deferred charges and accrued income (+€109,030)
- Other debts +€114,135
up €114,135 (+86.3%), from €132,246 to €246,380
- Reserves +€88,797
up €88,797 (+19.0%), from €467,425 to €556,222
- Trade debts -€76,827
down €76,827 (-19.5%), from €393,392 to €316,565
- Tax, wage and social debts +€43,126
up €43,126 (+89.2%), from €48,321 to €91,447
of which Taxes: +€39,435
- Short-term financial debts +€15,000
up €15,000 (+703.9%), from €2,131 to €17,131
- Gross operating margin +€312,626
up €312,626 (+87.6%), from €356,864 to €669,490
- Write-downs +€105,518
new in 2025: €105,518
- Staff costs +€88,325
up €88,325 (+42.6%), from €207,321 to €295,646
- Other operating charges +€32,056
up €32,056 (+67.9%), from €47,199 to €79,254
- Taxes +€26,069
up €26,069 (+224.0%), from €11,636 to €37,705
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 | €1,125,559 | €1,294,021 | +€168,462 | +15.0% |
| Fixed assets | 21/28 | €163,110 | €104,498 | -€58,613 | -35.9% |
| Tangible fixed assets | 22/27 | €162,932 | €104,319 | -€58,613 | -36.0% |
| Land and buildings | 22 | €72,466 | €54,701 | -€17,764 | -24.5% |
| Furniture and vehicles | 24 | €34,993 | €23,275 | -€11,718 | -33.5% |
| Other tangible fixed assets | 26 | €55,473 | €26,342 | -€29,131 | -52.5% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €962,449 | €1,189,523 | +€227,074 | +23.6% |
| Amounts receivable within one year | 40/41 | €633,349 | €939,544 | +€306,196 | +48.3% |
| Trade receivables | 40 | €593,337 | €765,476 | +€172,139 | +29.0% |
| Other amounts receivable | 41 | €40,011 | €174,068 | +€134,057 | +335.0% |
| Current investments | 50/53 | €24,865 | €20,208 | -€4,657 | -18.7% |
| Cash at bank and in hand | 54/58 | €128,420 | €162,985 | +€34,565 | +26.9% |
| Deferred charges and accrued income | 490/1 | €175,815 | €66,785 | -€109,030 | -62.0% |
| Total equity and liabilities | 10/49 | €1,125,559 | €1,294,021 | +€168,462 | +15.0% |
| Equity | 10/15 | €485,791 | €570,482 | +€84,691 | +17.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €467,425 | €556,222 | +€88,797 | +19.0% |
| Distributable reserves | 133 | €467,425 | €556,222 | +€88,797 | +19.0% |
| Investment grants | 15 | €4,106 | - | -€4,106 | |
| Provisions and deferred taxes | 16 | €5,232 | €3,863 | -€1,369 | -26.2% |
| Provisions for liabilities and charges | 160/5 | €3,863 | €3,863 | = | 0.0% |
| Pensions and similar obligations | 160 | €3,863 | €3,863 | = | 0.0% |
| Deferred taxes | 168 | €1,369 | - | -€1,369 | |
| Amounts payable | 17/49 | €634,536 | €719,675 | +€85,139 | +13.4% |
| Amounts payable after more than one year | 17 | €45,085 | €31,312 | -€13,773 | -30.5% |
| Financial debts | 170/4 | €45,085 | €31,312 | -€13,773 | -30.5% |
| Amounts payable within one year | 42/48 | €589,451 | €685,296 | +€95,844 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €13,362 | €13,773 | +€411 | +3.1% |
| Financial debts | 43 | €2,131 | €17,131 | +€15,000 | +703.9% |
| Credit institutions | 430/8 | €2,131 | €17,131 | +€15,000 | +703.9% |
| Trade debts | 44 | €393,392 | €316,565 | -€76,827 | -19.5% |
| Suppliers | 440/4 | €393,392 | €316,565 | -€76,827 | -19.5% |
| Taxes, remuneration and social security | 45 | €48,321 | €91,447 | +€43,126 | +89.2% |
| Taxes | 450/3 | €6,853 | €46,288 | +€39,435 | +575.5% |
| Remuneration and social security | 454/9 | €41,468 | €45,159 | +€3,691 | +8.9% |
| Other amounts payable | 47/48 | €132,246 | €246,380 | +€114,135 | +86.3% |
| Accrued charges and deferred income | 492/3 | - | €3,068 | +€3,068 | |
| Remuneration, social security and pensions | 62 | €207,321 | €295,646 | +€88,325 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,031 | €58,613 | -€16,419 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €105,518 | +€105,518 | |
| Other operating charges | 640/8 | €47,199 | €79,254 | +€32,056 | +67.9% |
| Gross operating margin | 9900 | €356,864 | €669,490 | +€312,626 | +87.6% |
| Operating profit (loss) | 9901 | €27,313 | €130,460 | +€103,147 | +377.6% |
| Financial income | 75/76B | €13,364 | €9,949 | -€3,415 | -25.6% |
| Recurring financial income | 75 | €13,364 | €9,949 | -€3,415 | -25.6% |
| Financial charges | 65/66B | €20,755 | €15,276 | -€5,479 | -26.4% |
| Recurring financial charges | 65 | €20,755 | €10,619 | -€10,135 | -48.8% |
| Non-recurring financial charges | 66B | - | €4,657 | +€4,657 | |
| Profit (loss) for the period before taxes | 9903 | €19,923 | €125,133 | +€105,211 | +528.1% |
| Transfer from deferred taxes | 780 | €2,738 | €1,369 | -€1,369 | -50.0% |
| Income taxes | 67/77 | €11,636 | €37,705 | +€26,069 | +224.0% |
| Profit (loss) for the period | 9904 | €11,025 | €88,797 | +€77,773 | +705.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,025 | €88,797 | +€77,773 | +705.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.