ENTSAL: 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.
ENTSAL
Largest movements
- Cash +€5,034
up €5,034 (+183%), from €2,745 to €7,779
mainly Other debts (+€30,377) and Net result for the year (+€10,709)
- Receivables within one year +€1,221
up €1,221 (+584%), from €209 to €1,430
- Other debts +€30,377
up €30,377 (+140%), from €21,712 to €52,089
- Reserves -€23,880
down €23,880 (-100%), from €23,880 to €0
- Gross operating margin -€2,680
down €2,680 (-14.0%), from €19,075 to €16,395
- Taxes -€731
down €731 (-17.0%), from €4,301 to €3,570
- Financial charges -€339
down €339 (-44.6%), from €761 to €421
- Financial income -€242
down €242 (-27.9%), from €867 to €625
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 | €90,161 | €97,041 | +€6,880 | +7.6% |
| Fixed assets | 21/28 | €36,340 | €36,340 | = | 0.0% |
| Tangible fixed assets | 22/27 | €36,340 | €36,340 | = | 0.0% |
| Land and buildings | 22 | €36,340 | €36,340 | = | 0.0% |
| Current assets | 29/58 | €53,821 | €60,701 | +€6,880 | +12.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €209 | €1,430 | +€1,221 | +584% |
| Other amounts receivable | 41 | €209 | €1,430 | +€1,221 | +584% |
| Cash at bank and in hand | 54/58 | €2,745 | €7,779 | +€5,034 | +183% |
| Deferred charges and accrued income | 490/1 | €867 | €1,492 | +€625 | +72.1% |
| Total equity and liabilities | 10/49 | €90,161 | €97,041 | +€6,880 | +7.6% |
| Equity | 10/15 | €67,261 | €43,381 | -€23,880 | -35.5% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €23,880 | €0 | -€23,880 | -100% |
| Distributable reserves | 133 | €23,880 | €0 | -€23,880 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,900 | €53,660 | +€30,760 | +134% |
| Amounts payable within one year | 42/48 | €22,512 | €52,889 | +€30,377 | +135% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €801 | €801 | = | 0.0% |
| Taxes | 450/3 | €801 | €801 | = | 0.0% |
| Other amounts payable | 47/48 | €21,712 | €52,089 | +€30,377 | +140% |
| Accrued charges and deferred income | 492/3 | €387 | €770 | +€383 | +98.9% |
| Other operating charges | 640/8 | €2,252 | €2,320 | +€68 | +3.0% |
| Gross operating margin | 9900 | €19,075 | €16,395 | -€2,680 | -14.0% |
| Operating profit (loss) | 9901 | €16,823 | €14,075 | -€2,748 | -16.3% |
| Financial income | 75/76B | €867 | €625 | -€242 | -27.9% |
| Recurring financial income | 75 | €867 | €625 | -€242 | -27.9% |
| Financial charges | 65/66B | €761 | €421 | -€339 | -44.6% |
| Recurring financial charges | 65 | €761 | €421 | -€339 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €16,929 | €14,279 | -€2,650 | -15.7% |
| Income taxes | 67/77 | €4,301 | €3,570 | -€731 | -17.0% |
| Profit (loss) for the period | 9904 | €12,628 | €10,709 | -€1,919 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,628 | €10,709 | -€1,919 | -15.2% |
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 15 October 2026 via checked.be.