ENTREVEST: 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.
ENTREVEST
Largest movements
- Financial fixed assets +€2.1m
up €2.1m (+424%), from €499,991 to €2.6m
- Cash +€234,110
up €234,110 (+680%), from €34,452 to €268,562
mainly Contributions, distributions and other (+€2.4m) and Short-term financial debts (+€252,041)
- Contributions +€2.4m
up €2.4m (+475%), from €508,750 to €2.9m
- Profit (loss) carried forward -€343,276
down €343,276 (-223%), from -€154,120 to -€497,396
- Short-term financial debts +€252,041
up €252,041 (+101%), from €250,000 to €502,041
- Gross operating margin -€210,384
down €210,384 (-176%), from -€119,266 to -€329,651
- Depreciation -€33,846
no longer reported in 2025 (was €33,846)
- Financial charges +€12,168
up €12,168 (+1,207%), from €1,008 to €13,176
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 | €609,443 | €2,952,820 | +€2.3m | +385% |
| Fixed assets | 21/28 | €499,991 | €2,619,258 | +€2.1m | +424% |
| Financial fixed assets | 28 | €499,991 | €2,619,258 | +€2.1m | +424% |
| Current assets | 29/58 | €109,452 | €333,562 | +€224,110 | +205% |
| Current investments | 50/53 | €75,000 | €65,000 | -€10,000 | -13.3% |
| Cash at bank and in hand | 54/58 | €34,452 | €268,562 | +€234,110 | +680% |
| Total equity and liabilities | 10/49 | €609,443 | €2,952,820 | +€2.3m | +385% |
| Equity | 10/15 | €354,630 | €2,427,604 | +€2.1m | +585% |
| Contributions | 10/11 | €508,750 | €2,925,000 | +€2.4m | +475% |
| Capital | 10 | €508,750 | €2,925,000 | +€2.4m | +475% |
| Issued capital | 100 | €925,000 | €5,000,000 | +€4.1m | +441% |
| Uncalled capital | 101 | €416,250 | €2,075,000 | +€1.7m | +398% |
| Profit (loss) carried forward | 14 | -€154,120 | -€497,396 | -€343,276 | -223% |
| Amounts payable | 17/49 | €254,813 | €525,216 | +€270,403 | +106% |
| Amounts payable within one year | 42/48 | €254,813 | €525,216 | +€270,403 | +106% |
| Financial debts | 43 | €250,000 | €502,041 | +€252,041 | +101% |
| Credit institutions | 430/8 | €250,000 | €502,041 | +€252,041 | +101% |
| Trade debts | 44 | €4,813 | €23,175 | +€18,362 | +381% |
| Suppliers | 440/4 | €4,813 | €23,175 | +€18,362 | +381% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,846 | - | -€33,846 | |
| Other operating charges | 640/8 | - | €449 | +€449 | |
| Gross operating margin | 9900 | -€119,266 | -€329,651 | -€210,384 | -176% |
| Operating profit (loss) | 9901 | -€153,112 | -€330,100 | -€176,988 | -116% |
| Financial charges | 65/66B | €1,008 | €13,176 | +€12,168 | +1,207% |
| Recurring financial charges | 65 | €1,008 | €13,176 | +€12,168 | +1,207% |
| Profit (loss) for the period before taxes | 9903 | -€154,120 | -€343,276 | -€189,156 | -123% |
| Profit (loss) for the period | 9904 | -€154,120 | -€343,276 | -€189,156 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,120 | -€343,276 | -€189,156 | -123% |
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 27 October 2026 via checked.be.