ENTRUST-IT: 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.
ENTRUST-IT
Largest movements
- Receivables after one year -€80,932
down €80,932 (-100%), from €80,932 to €0
- Cash -€39,174
down €39,174 (-100%), from €39,174 to €0
mainly Net result for the year (-€117,409) and Receivables within one year (-€31,123)
- Receivables within one year +€31,123
up €31,123 (+151%), from €20,633 to €51,756
of which Trade receivables: +€26,735
- Stocks and contracts +€13,000
new in 2025: €13,000
- Short-term financial debts +€78,698
up €78,698 (+110%), from €71,535 to €150,232
- Profit (loss) carried forward -€77,350
down €77,350, from €0 to -€77,350
- Reserves -€40,058
down €40,058 (-100%), from €40,058 to €0
- Trade debts -€23,582
down €23,582 (-92.3%), from €25,548 to €1,966
- Other debts -€18,450
down €18,450 (-97.8%), from €18,863 to €413
- Gross operating margin -€213,067
down €213,067, from €199,406 to -€13,661
- Other operating charges +€89,864
up €89,864 (+6,872%), from €1,308 to €91,171
- Financial charges -€15,385
down €15,385 (-55.0%), from €27,963 to €12,578
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 | €269,004 | €192,810 | -€76,194 | -28.3% |
| Fixed assets | 21/28 | €127,150 | €127,150 | = | 0.0% |
| Financial fixed assets | 28 | €127,150 | €127,150 | = | 0.0% |
| Current assets | 29/58 | €141,854 | €65,660 | -€76,194 | -53.7% |
| Amounts receivable after more than one year | 29 | €80,932 | €0 | -€80,932 | -100% |
| Other amounts receivable | 291 | €80,932 | €0 | -€80,932 | -100% |
| Stocks and contracts in progress | 3 | - | €13,000 | +€13,000 | |
| Stocks | 30/36 | - | €13,000 | +€13,000 | |
| Amounts receivable within one year | 40/41 | €20,633 | €51,756 | +€31,123 | +151% |
| Trade receivables | 40 | €1,058 | €27,792 | +€26,735 | +2,528% |
| Other amounts receivable | 41 | €19,576 | €23,964 | +€4,389 | +22.4% |
| Cash at bank and in hand | 54/58 | €39,174 | €0 | -€39,174 | -100% |
| Deferred charges and accrued income | 490/1 | €1,116 | €904 | -€212 | -19.0% |
| Total equity and liabilities | 10/49 | €269,004 | €192,810 | -€76,194 | -28.3% |
| Equity | 10/15 | €153,058 | €35,650 | -€117,409 | -76.7% |
| Contributions | 10/11 | €113,000 | €113,000 | = | 0.0% |
| Reserves | 13 | €40,058 | €0 | -€40,058 | -100% |
| Distributable reserves | 133 | €40,058 | €0 | -€40,058 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€77,350 | -€77,350 | |
| Amounts payable | 17/49 | €115,946 | €157,160 | +€41,214 | +35.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €115,946 | €157,160 | +€41,214 | +35.5% |
| Financial debts | 43 | €71,535 | €150,232 | +€78,698 | +110% |
| Credit institutions | 430/8 | €71,535 | €150,232 | +€78,698 | +110% |
| Trade debts | 44 | €25,548 | €1,966 | -€23,582 | -92.3% |
| Suppliers | 440/4 | €25,548 | €1,966 | -€23,582 | -92.3% |
| Taxes, remuneration and social security | 45 | €0 | €4,549 | +€4,549 | |
| Taxes | 450/3 | €0 | €4,549 | +€4,549 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,863 | €413 | -€18,450 | -97.8% |
| Non-recurring operating income | 76A | €77,683 | €0 | -€77,683 | -100% |
| Remuneration, social security and pensions | 62 | -€4 | €0 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,308 | €91,171 | +€89,864 | +6,872% |
| Gross operating margin | 9900 | €199,406 | -€13,661 | -€213,067 | |
| Operating profit (loss) | 9901 | €198,102 | -€104,833 | -€302,935 | |
| Financial income | 75/76B | €103 | €2 | -€101 | -98.1% |
| Recurring financial income | 75 | €103 | €2 | -€101 | -98.1% |
| Financial charges | 65/66B | €27,963 | €12,578 | -€15,385 | -55.0% |
| Recurring financial charges | 65 | €27,963 | €12,578 | -€15,385 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €170,242 | -€117,409 | -€287,651 | |
| Profit (loss) for the period | 9904 | €170,242 | -€117,409 | -€287,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,242 | -€117,409 | -€287,651 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.