Entras: 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.
Entras
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Intangible fixed assets +€177,975
up €177,975 (+71.6%), from €248,495 to €426,470
- Receivables after one year -€139,950
down €139,950 (-71.1%), from €196,935 to €56,985
- Receivables within one year +€106,372
up €106,372 (+86.3%), from €123,266 to €229,638
of which Other amounts receivable: +€133,004
- Cash -€42,734
down €42,734 (-40.8%), from €104,739 to €62,005
mainly Net result for the year (-€567,284) and Current investments (-€400,000)
- Contributions +€1.2m
up €1.2m (+449%), from €256,200 to €1.4m
- Profit (loss) carried forward -€567,284
down €567,284 (-329%), from -€172,438 to -€739,721
- Short-term financial debts -€60,000
no longer reported in 2025 (was €60,000)
- Current portion of long-term debt -€48,400
no longer reported in 2025 (was €48,400)
- Investment grants -€44,412
down €44,412 (-10.3%), from €432,685 to €388,273
- Gross operating margin -€185,586
down €185,586 (-82.4%), from €225,324 to €39,738
- Staff costs +€157,490
up €157,490 (+39.4%), from €399,623 to €557,113
- Depreciation +€18,011
up €18,011 (+27.0%), from €66,742 to €84,753
- Financial income +€10,980
up €10,980 (+30.9%), from €35,516 to €46,496
- Financial charges +€4,940
up €4,940 (+78.1%), from €6,321 to €11,261
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 | €772,001 | €1,232,937 | +€460,936 | +59.7% |
| Fixed assets | 21/28 | €261,988 | €443,431 | +€181,443 | +69.3% |
| Intangible fixed assets | 21 | €248,495 | €426,470 | +€177,975 | +71.6% |
| Tangible fixed assets | 22/27 | €8,493 | €11,961 | +€3,469 | +40.8% |
| Furniture and vehicles | 24 | €8,493 | €11,961 | +€3,469 | +40.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €510,012 | €789,506 | +€279,493 | +54.8% |
| Amounts receivable after more than one year | 29 | €196,935 | €56,985 | -€139,950 | -71.1% |
| Other amounts receivable | 291 | €196,935 | €56,985 | -€139,950 | -71.1% |
| Stocks and contracts in progress | 3 | €60,261 | €19,517 | -€40,744 | -67.6% |
| Contracts in progress | 37 | €60,261 | €19,517 | -€40,744 | -67.6% |
| Amounts receivable within one year | 40/41 | €123,266 | €229,638 | +€106,372 | +86.3% |
| Trade receivables | 40 | €90,727 | €64,095 | -€26,632 | -29.4% |
| Other amounts receivable | 41 | €32,539 | €165,543 | +€133,004 | +409% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €104,739 | €62,005 | -€42,734 | -40.8% |
| Deferred charges and accrued income | 490/1 | €24,811 | €21,361 | -€3,450 | -13.9% |
| Total equity and liabilities | 10/49 | €772,001 | €1,232,937 | +€460,936 | +59.7% |
| Equity | 10/15 | €516,447 | €1,054,751 | +€538,304 | +104% |
| Contributions | 10/11 | €256,200 | €1,406,200 | +€1.2m | +449% |
| Profit (loss) carried forward | 14 | -€172,438 | -€739,721 | -€567,284 | -329% |
| Investment grants | 15 | €432,685 | €388,273 | -€44,412 | -10.3% |
| Amounts payable | 17/49 | €255,553 | €178,186 | -€77,368 | -30.3% |
| Amounts payable within one year | 42/48 | €245,758 | €139,108 | -€106,650 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €48,400 | - | -€48,400 | |
| Financial debts | 43 | €60,000 | - | -€60,000 | |
| Credit institutions | 430/8 | €60,000 | - | -€60,000 | |
| Trade debts | 44 | €67,746 | €71,347 | +€3,601 | +5.3% |
| Suppliers | 440/4 | €67,746 | €71,347 | +€3,601 | +5.3% |
| Advances received on contracts in progress | 46 | €23,007 | - | -€23,007 | |
| Taxes, remuneration and social security | 45 | €46,606 | €67,761 | +€21,156 | +45.4% |
| Taxes | 450/3 | €192 | - | -€192 | |
| Remuneration and social security | 454/9 | €46,414 | €67,761 | +€21,347 | +46.0% |
| Accrued charges and deferred income | 492/3 | €9,795 | €39,077 | +€29,282 | +299% |
| Remuneration, social security and pensions | 62 | €399,623 | €557,113 | +€157,490 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,742 | €84,753 | +€18,011 | +27.0% |
| Other operating charges | 640/8 | €557 | €225 | -€332 | -59.6% |
| Gross operating margin | 9900 | €225,324 | €39,738 | -€185,586 | -82.4% |
| Operating profit (loss) | 9901 | -€241,598 | -€602,353 | -€360,755 | -149% |
| Financial income | 75/76B | €35,516 | €46,496 | +€10,980 | +30.9% |
| Recurring financial income | 75 | €35,516 | €46,496 | +€10,980 | +30.9% |
| Financial charges | 65/66B | €6,321 | €11,261 | +€4,940 | +78.1% |
| Recurring financial charges | 65 | €6,321 | €11,261 | +€4,940 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | -€212,404 | -€567,119 | -€354,714 | -167% |
| Income taxes | 67/77 | €424 | €165 | -€259 | -61.1% |
| Profit (loss) for the period | 9904 | -€212,829 | -€567,284 | -€354,455 | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,829 | -€567,284 | -€354,455 | -167% |
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 25 October 2026 via checked.be.