ENTREC: what changed
What changed
ENTREC
NACE 77.229, Renting and leasing of other personal and household goods
filed annual accounts (NBB)
Net result for the year
€233,479
2024 · €1.5m-€1.3m
Equity
€2.6m
2024 · €2.6m-€18,269
Cash
€798,658
2024 · €410,541+€388,116
Balance sheet total
€3.4m
2024 · €5.3m-€1.9m
Largest movements
Assets
- Stocks and contracts -€1.4m
down €1.4m (-53.0%), from €2.6m to €1.2m
of which Contracts in progress: -€1.7m
- Current investments -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Receivables within one year +€781,274
up €781,274 (+223%), from €350,416 to €1.1m
of which Trade receivables: +€583,133
- Cash +€388,116
up €388,116 (+94.5%), from €410,541 to €798,658
mainly Stocks and contracts (+€1.4m) and Current investments (+€1.4m)
- Tangible fixed assets -€278,597
down €278,597 (-55.0%), from €506,414 to €227,817
of which Plant, machinery and equipment: -€323,968
Equity and liabilities
- Advances received -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Other debts -€207,232
down €207,232 (-92.4%), from €224,232 to €17,000
- Trade debts +€89,358
up €89,358 (+25.1%), from €355,931 to €445,289
- Accrued charges and deferred income -€81,197
down €81,197 (-89.9%), from €90,282 to €9,085
Income statement
- Gross operating margin -€1.5m
down €1.5m (-49.2%), from €3.0m to €1.5m
- Staff costs +€100,289
up €100,289 (+9.1%), from €1.1m to €1.2m
- Write-downs +€54,449
up €54,449, from -€27,625 to €26,824
- Other operating charges -€51,482
down €51,482 (-85.9%), from €59,960 to €8,478
- Financial charges -€36,827
down €36,827 (-93.6%), from €39,337 to €2,510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.5m
Gross operating margin
-€1.5m
Staff costs
-€100,289
Depreciation
+€24,260
Write-downs
-€54,449
Other operating charges
+€51,482
Other operating items
+€28,842
Financial income
+€13,473
Financial charges
+€36,827
Taxes
-€253
Deferred taxes and other
+€223,288
Result 2025
€233,479
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€934,708
Investment
+€1.6m
Financing
-€251,748
Cash 2024
€410,541
From operations (derived)
-€934,708
Net result for the year
+€233,479
Depreciation
+€90,305
Stocks and contracts
+€1.4m
Receivables within one year
-€781,274
Deferred charges and accrued income
+€14,971
Provisions
-€7,149
Trade debts
+€89,358
Tax, wage and social debts
+€38,772
Advances received
-€1.7m
Other debts
-€207,232
Accrued charges and deferred income
-€81,197
Investment (derived)
+€1.6m
Investment in fixed assets (net)
+€224,572
Current investments
+€1.4m
Financing
-€251,748
Contributions, distributions and other
-€251,748
Cash 2025
€798,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,295,756 | €3,410,455 | -€1.9m | -35.6% |
| Fixed assets | 21/28 | €550,531 | €235,654 | -€314,877 | -57.2% |
| Intangible fixed assets | 21 | €42,958 | €6,598 | -€36,360 | -84.6% |
| Tangible fixed assets | 22/27 | €506,414 | €227,817 | -€278,597 | -55.0% |
| Land and buildings | 22 | €0 | €12,097 | +€12,097 | |
| Plant, machinery and equipment | 23 | €478,641 | €154,673 | -€323,968 | -67.7% |
| Furniture and vehicles | 24 | €27,773 | €61,046 | +€33,273 | +120% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,160 | €1,240 | +€80 | +6.9% |
| Current assets | 29/58 | €4,745,224 | €3,174,801 | -€1.6m | -33.1% |
| Stocks and contracts in progress | 3 | €2,594,494 | €1,219,652 | -€1.4m | -53.0% |
| Stocks | 30/36 | €894,909 | €1,219,652 | +€324,743 | +36.3% |
| Contracts in progress | 37 | €1,699,585 | €0 | -€1.7m | -100% |
| Amounts receivable within one year | 40/41 | €350,416 | €1,131,690 | +€781,274 | +223% |
| Trade receivables | 40 | €269,138 | €852,270 | +€583,133 | +217% |
| Other amounts receivable | 41 | €81,278 | €279,420 | +€198,141 | +244% |
| Current investments | 50/53 | €1,350,000 | €0 | -€1.4m | -100% |
| Cash at bank and in hand | 54/58 | €410,541 | €798,658 | +€388,116 | +94.5% |
| Deferred charges and accrued income | 490/1 | €39,773 | €24,802 | -€14,971 | -37.6% |
| Total equity and liabilities | 10/49 | €5,295,756 | €3,410,455 | -€1.9m | -35.6% |
| Equity | 10/15 | €2,573,375 | €2,555,106 | -€18,269 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,211,375 | €2,193,106 | -€18,269 | -0.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €667,372 | €645,926 | -€21,446 | -3.2% |
| Distributable reserves | 133 | €1,537,803 | €1,540,980 | +€3,177 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €216,139 | €208,991 | -€7,149 | -3.3% |
| Deferred taxes | 168 | €216,139 | €208,991 | -€7,149 | -3.3% |
| Amounts payable | 17/49 | €2,506,241 | €646,359 | -€1.9m | -74.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,415,959 | €637,273 | -€1.8m | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €355,931 | €445,289 | +€89,358 | +25.1% |
| Suppliers | 440/4 | €355,931 | €445,289 | +€89,358 | +25.1% |
| Advances received on contracts in progress | 46 | €1,699,585 | €0 | -€1.7m | -100% |
| Taxes, remuneration and social security | 45 | €136,212 | €174,984 | +€38,772 | +28.5% |
| Taxes | 450/3 | €0 | €11,248 | +€11,248 | |
| Remuneration and social security | 454/9 | €136,212 | €163,736 | +€27,524 | +20.2% |
| Other amounts payable | 47/48 | €224,232 | €17,000 | -€207,232 | -92.4% |
| Accrued charges and deferred income | 492/3 | €90,282 | €9,085 | -€81,197 | -89.9% |
| Non-recurring operating income | 76A | €3,000 | €64,968 | +€61,968 | +2,066% |
| Remuneration, social security and pensions | 62 | €1,100,085 | €1,200,375 | +€100,289 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,565 | €90,305 | -€24,260 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,625 | €26,824 | +€54,449 | |
| Other operating charges | 640/8 | €59,960 | €8,478 | -€51,482 | -85.9% |
| Non-recurring operating charges | 66A | €28,842 | €0 | -€28,842 | -100% |
| Gross operating margin | 9900 | €3,026,631 | €1,538,245 | -€1.5m | -49.2% |
| Operating profit (loss) | 9901 | €1,750,804 | €212,264 | -€1.5m | -87.9% |
| Financial income | 75/76B | €3,996 | €17,469 | +€13,473 | +337% |
| Recurring financial income | 75 | €3,996 | €17,469 | +€13,473 | +337% |
| Financial charges | 65/66B | €39,337 | €2,510 | -€36,827 | -93.6% |
| Recurring financial charges | 65 | €39,337 | €2,510 | -€36,827 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €1,715,463 | €227,223 | -€1.5m | -86.8% |
| Transfer from deferred taxes | 780 | €2,454 | €7,149 | +€4,695 | +191% |
| Transfer to deferred taxes | 680 | €218,593 | €0 | -€218,593 | -100% |
| Income taxes | 67/77 | €640 | €893 | +€253 | +39.6% |
| Profit (loss) for the period | 9904 | €1,498,684 | €233,479 | -€1.3m | -84.4% |
| Transfer from tax-exempt reserves | 789 | €7,361 | €21,446 | +€14,086 | +191% |
| Transfer to tax-exempt reserves | 689 | €655,779 | €0 | -€655,779 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €850,266 | €254,925 | -€595,341 | -70.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.