ENTRANCE: 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.
ENTRANCE
Largest movements
- Tangible fixed assets +€38,123
up €38,123 (+418%), from €9,129 to €47,252
of which Furniture and vehicles: +€29,375
- Cash -€15,538
down €15,538 (-7.2%), from €216,930 to €201,392
mainly Investment in fixed assets (net) (-€43,519) and Receivables within one year (-€3,606)
- Receivables within one year +€3,606
up €3,606 (+19.3%), from €18,678 to €22,284
of which Trade receivables: +€8,621
- Reserves +€20,007
up €20,007 (+14.3%), from €140,084 to €160,091
- Tax, wage and social debts +€4,715
up €4,715 (+46.8%), from €10,082 to €14,797
of which Taxes: +€4,715
- Gross operating margin +€16,546
up €16,546 (+98.3%), from €16,832 to €33,378
- Financial income -€4,520
down €4,520 (-99.3%), from €4,553 to €32
- Taxes +€1,642
up €1,642 (+32.6%), from €5,036 to €6,678
- Depreciation +€908
up €908 (+20.2%), from €4,487 to €5,396
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 | €245,890 | €272,659 | +€26,769 | +10.9% |
| Fixed assets | 21/28 | €9,129 | €47,252 | +€38,123 | +418% |
| Tangible fixed assets | 22/27 | €9,129 | €47,252 | +€38,123 | +418% |
| Plant, machinery and equipment | 23 | €3,457 | €12,205 | +€8,748 | +253% |
| Furniture and vehicles | 24 | €5,672 | €35,048 | +€29,375 | +518% |
| Current assets | 29/58 | €236,760 | €225,407 | -€11,354 | -4.8% |
| Amounts receivable within one year | 40/41 | €18,678 | €22,284 | +€3,606 | +19.3% |
| Trade receivables | 40 | €12,342 | €20,963 | +€8,621 | +69.9% |
| Other amounts receivable | 41 | €6,336 | €1,321 | -€5,015 | -79.2% |
| Cash at bank and in hand | 54/58 | €216,930 | €201,392 | -€15,538 | -7.2% |
| Deferred charges and accrued income | 490/1 | €1,153 | €1,731 | +€578 | +50.1% |
| Total equity and liabilities | 10/49 | €245,890 | €272,659 | +€26,769 | +10.9% |
| Equity | 10/15 | €158,834 | €178,841 | +€20,007 | +12.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Contributions outside capital | 11 | €18,750 | €18,750 | = | 0.0% |
| Other | 1109/19 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €140,084 | €160,091 | +€20,007 | +14.3% |
| Distributable reserves | 133 | €140,084 | €160,091 | +€20,007 | +14.3% |
| Amounts payable | 17/49 | €87,056 | €93,818 | +€6,762 | +7.8% |
| Amounts payable within one year | 42/48 | €87,056 | €92,976 | +€5,920 | +6.8% |
| Trade debts | 44 | €21,720 | €22,651 | +€931 | +4.3% |
| Suppliers | 440/4 | €21,720 | €22,651 | +€931 | +4.3% |
| Taxes, remuneration and social security | 45 | €10,082 | €14,797 | +€4,715 | +46.8% |
| Taxes | 450/3 | €8,082 | €12,797 | +€4,715 | +58.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €55,254 | €55,528 | +€274 | +0.5% |
| Accrued charges and deferred income | 492/3 | - | €842 | +€842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €5,396 | +€908 | +20.2% |
| Other operating charges | 640/8 | €1,126 | €1,077 | -€49 | -4.3% |
| Gross operating margin | 9900 | €16,832 | €33,378 | +€16,546 | +98.3% |
| Operating profit (loss) | 9901 | €11,219 | €26,906 | +€15,687 | +140% |
| Financial income | 75/76B | €4,553 | €32 | -€4,520 | -99.3% |
| Recurring financial income | 75 | €4,553 | €32 | -€4,520 | -99.3% |
| Financial charges | 65/66B | €281 | €253 | -€28 | -10.0% |
| Recurring financial charges | 65 | €281 | €253 | -€28 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €15,490 | €26,685 | +€11,195 | +72.3% |
| Income taxes | 67/77 | €5,036 | €6,678 | +€1,642 | +32.6% |
| Profit (loss) for the period | 9904 | €10,454 | €20,007 | +€9,553 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,454 | €20,007 | +€9,553 | +91.4% |
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 28 October 2026 via checked.be.