FENTRIS: what changed
Two fiscal 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.
FENTRIS
Largest movements
- Receivables within one year -€78,050
down €78,050 (-70.2%), from €111,246 to €33,196
of which Trade receivables: -€65,308
- Stocks and contracts -€55,489
down €55,489 (-100.0%), from €55,489 to €0
of which Stocks: -€47,989
- Tangible fixed assets -€13,977
down €13,977 (-100.0%), from €13,977 to €0
of which Plant, machinery and equipment: -€13,113
- Cash -€4,626
down €4,626 (-28.2%), from €16,410 to €11,784
mainly Short-term financial debts (-€200,000) and Trade debts (-€156,276)
- Other debts +€294,407
up €294,407 (+140.8%), from €209,142 to €503,550
- Short-term financial debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Trade debts -€156,276
down €156,276 (-62.8%), from €248,715 to €92,439
- Debts after one year -€136,243
down €136,243 (-100.0%), from €136,243 to €0
- Profit (loss) carried forward +€77,021
up €77,021 (+4.6%), from -€1.7m to -€1.6m
- Staff costs -€50,934
down €50,934 (-48.5%), from €105,125 to €54,191
- Depreciation -€19,087
down €19,087 (-100.0%), from €19,087 to €0
- Gross operating margin -€15,566
down €15,566 (-9.3%), from €168,034 to €152,468
- Financial charges -€9,222
down €9,222 (-44.6%), from €20,659 to €11,437
- Financial income +€3,890
up €3,890 (+3821.1%), from €102 to €3,992
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.
Cash bridge derived
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 | €199,561 | €47,999 | -€151,562 | -75.9% |
| Fixed assets | 21/28 | €14,183 | €0 | -€14,183 | -100.0% |
| Intangible fixed assets | 21 | €205 | €0 | -€205 | -100.0% |
| Tangible fixed assets | 22/27 | €13,977 | €0 | -€13,977 | -100.0% |
| Plant, machinery and equipment | 23 | €13,113 | €0 | -€13,113 | -100.0% |
| Furniture and vehicles | 24 | €864 | €0 | -€864 | -100.0% |
| Current assets | 29/58 | €185,378 | €47,999 | -€137,379 | -74.1% |
| Stocks and contracts in progress | 3 | €55,489 | €0 | -€55,489 | -100.0% |
| Stocks | 30/36 | €47,989 | €0 | -€47,989 | -100.0% |
| Contracts in progress | 37 | €7,500 | €0 | -€7,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €111,246 | €33,196 | -€78,050 | -70.2% |
| Trade receivables | 40 | €95,894 | €30,587 | -€65,308 | -68.1% |
| Other amounts receivable | 41 | €15,351 | €2,609 | -€12,742 | -83.0% |
| Cash at bank and in hand | 54/58 | €16,410 | €11,784 | -€4,626 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,234 | €3,019 | +€785 | +35.1% |
| Total equity and liabilities | 10/49 | €199,561 | €47,999 | -€151,562 | -75.9% |
| Equity | 10/15 | -€625,383 | -€548,362 | +€77,021 | +12.3% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €16,113 | €16,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,113 | €16,113 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,691,496 | -€1,614,475 | +€77,021 | +4.6% |
| Amounts payable | 17/49 | €824,944 | €596,360 | -€228,583 | -27.7% |
| Amounts payable after more than one year | 17 | €136,243 | €0 | -€136,243 | -100.0% |
| Other amounts payable | 178/9 | €136,243 | €0 | -€136,243 | -100.0% |
| Amounts payable within one year | 42/48 | €688,701 | €596,360 | -€92,340 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €30,113 | €0 | -€30,113 | -100.0% |
| Financial debts | 43 | €200,000 | €0 | -€200,000 | -100.0% |
| Credit institutions | 430/8 | €200,000 | €0 | -€200,000 | -100.0% |
| Trade debts | 44 | €248,715 | €92,439 | -€156,276 | -62.8% |
| Suppliers | 440/4 | €248,715 | €92,439 | -€156,276 | -62.8% |
| Taxes, remuneration and social security | 45 | €731 | €372 | -€359 | -49.1% |
| Taxes | 450/3 | €731 | €372 | -€359 | -49.1% |
| Other amounts payable | 47/48 | €209,142 | €503,550 | +€294,407 | +140.8% |
| Non-recurring operating income | 76A | €13,013 | €258,817 | +€245,804 | +1888.9% |
| Remuneration, social security and pensions | 62 | €105,125 | €54,191 | -€50,934 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,087 | €0 | -€19,087 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,796 | €0 | -€2,796 | -100.0% |
| Other operating charges | 640/8 | €14,955 | €13,438 | -€1,516 | -10.1% |
| Gross operating margin | 9900 | €168,034 | €152,468 | -€15,566 | -9.3% |
| Operating profit (loss) | 9901 | €26,071 | €84,839 | +€58,768 | +225.4% |
| Financial income | 75/76B | €102 | €3,992 | +€3,890 | +3821.1% |
| Recurring financial income | 75 | €102 | €3,992 | +€3,890 | +3821.1% |
| Financial charges | 65/66B | €20,659 | €11,437 | -€9,222 | -44.6% |
| Recurring financial charges | 65 | €20,659 | €11,437 | -€9,222 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €5,514 | €77,393 | +€71,880 | +1303.6% |
| Income taxes | 67/77 | €363 | €372 | +€9 | +2.5% |
| Profit (loss) for the period | 9904 | €5,151 | €77,021 | +€71,871 | +1395.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,151 | €77,021 | +€71,871 | +1395.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.