Entre-Deux-Mains: 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.
Entre-Deux-Mains
Largest movements
- Tangible fixed assets -€114,699
down €114,699 (-8.0%), from €1.4m to €1.3m
of which Land and buildings: -€111,167
- Stocks and contracts -€57,403
down €57,403 (-75.8%), from €75,692 to €18,289
- Trade debts -€88,978
down €88,978 (-99.9%), from €89,109 to €131
- Debts after one year -€54,213
down €54,213 (-14.1%), from €383,333 to €329,120
- Reserves -€45,375
down €45,375 (-5.2%), from €866,439 to €821,064
- Gross operating margin -€55,905
down €55,905 (-34.9%), from €160,194 to €104,288
- Depreciation -€39,886
down €39,886 (-50.5%), from €78,954 to €39,068
- Financial charges +€4,787
up €4,787 (+24.3%), from €19,700 to €24,487
- Other operating charges +€3,113
up €3,113 (+42.3%), from €7,364 to €10,477
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 | €1,573,833 | €1,393,989 | -€179,844 | -11.4% |
| Fixed assets | 21/28 | €1,431,341 | €1,316,641 | -€114,699 | -8.0% |
| Tangible fixed assets | 22/27 | €1,431,341 | €1,316,641 | -€114,699 | -8.0% |
| Land and buildings | 22 | €1,422,434 | €1,311,267 | -€111,167 | -7.8% |
| Other tangible fixed assets | 26 | €8,907 | €5,375 | -€3,532 | -39.7% |
| Current assets | 29/58 | €142,492 | €77,347 | -€65,145 | -45.7% |
| Stocks and contracts in progress | 3 | €75,692 | €18,289 | -€57,403 | -75.8% |
| Stocks | 30/36 | €75,692 | €18,289 | -€57,403 | -75.8% |
| Amounts receivable within one year | 40/41 | €26,467 | €20,864 | -€5,604 | -21.2% |
| Trade receivables | 40 | €3,438 | €20,864 | +€17,426 | +507% |
| Other amounts receivable | 41 | €23,029 | - | -€23,029 | |
| Cash at bank and in hand | 54/58 | €40,332 | €38,194 | -€2,138 | -5.3% |
| Total equity and liabilities | 10/49 | €1,573,833 | €1,393,989 | -€179,844 | -11.4% |
| Equity | 10/15 | €993,180 | €947,805 | -€45,375 | -4.6% |
| Contributions | 10/11 | €126,741 | €126,741 | = | 0.0% |
| Reserves | 13 | €866,439 | €821,064 | -€45,375 | -5.2% |
| Distributable reserves | 133 | €866,439 | €821,064 | -€45,375 | -5.2% |
| Amounts payable | 17/49 | €580,652 | €446,184 | -€134,469 | -23.2% |
| Amounts payable after more than one year | 17 | €383,333 | €329,120 | -€54,213 | -14.1% |
| Financial debts | 170/4 | €383,333 | €329,120 | -€54,213 | -14.1% |
| Amounts payable within one year | 42/48 | €189,109 | €107,024 | -€82,085 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €53,371 | +€3,371 | +6.7% |
| Trade debts | 44 | €89,109 | €131 | -€88,978 | -99.9% |
| Suppliers | 440/4 | €89,109 | €131 | -€88,978 | -99.9% |
| Other amounts payable | 47/48 | €50,000 | €53,522 | +€3,522 | +7.0% |
| Accrued charges and deferred income | 492/3 | €8,210 | €10,040 | +€1,830 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,954 | €39,068 | -€39,886 | -50.5% |
| Other operating charges | 640/8 | €7,364 | €10,477 | +€3,113 | +42.3% |
| Non-recurring operating charges | 66A | - | €75,632 | +€75,632 | |
| Gross operating margin | 9900 | €160,194 | €104,288 | -€55,905 | -34.9% |
| Operating profit (loss) | 9901 | €73,875 | -€20,888 | -€94,763 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €19,700 | €24,487 | +€4,787 | +24.3% |
| Recurring financial charges | 65 | €19,700 | €24,487 | +€4,787 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €54,176 | -€45,375 | -€99,551 | |
| Profit (loss) for the period | 9904 | €54,176 | -€45,375 | -€99,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,176 | -€45,375 | -€99,551 |
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 29 October 2026 via checked.be.