Het Entrepot: 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.
Het Entrepot
Largest movements
- Cash +€411,897
up €411,897 (+138%), from €298,136 to €710,033
mainly Net result for the year (+€233,728) and Tax, wage and social debts (+€118,922)
- Receivables within one year +€93,725
up €93,725 (+178%), from €52,673 to €146,398
of which Trade receivables: +€96,517
- Deferred charges and accrued income -€45,225
down €45,225 (-59.0%), from €76,587 to €31,363
- Tangible fixed assets +€15,562
up €15,562 (+9.5%), from €164,434 to €179,996
of which Other tangible fixed assets: +€16,142
- Reserves +€180,000
new in 2025: €180,000
- Tax, wage and social debts +€118,922
up €118,922 (+94.7%), from €125,519 to €244,441
of which Remuneration and social security: +€96,875
- Investment grants +€80,680
up €80,680 (+539%), from €14,969 to €95,649
- Profit (loss) carried forward +€53,728
up €53,728 (+14.2%), from €377,729 to €431,457
- Trade debts +€39,804
up €39,804 (+39.8%), from €100,011 to €139,815
- Staff costs -€140,411
down €140,411 (-13.8%), from €1.0m to €880,395
- Gross operating margin +€83,714
up €83,714 (+7.6%), from €1.1m to €1.2m
- Write-downs -€47,747
new in 2025: -€47,747
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 | €619,086 | €1,091,362 | +€472,277 | +76.3% |
| Fixed assets | 21/28 | €169,625 | €184,745 | +€15,120 | +8.9% |
| Intangible fixed assets | 21 | €5,191 | €4,749 | -€442 | -8.5% |
| Tangible fixed assets | 22/27 | €164,434 | €179,996 | +€15,562 | +9.5% |
| Plant, machinery and equipment | 23 | €57,113 | €47,840 | -€9,273 | -16.2% |
| Furniture and vehicles | 24 | €2,968 | €11,660 | +€8,692 | +293% |
| Other tangible fixed assets | 26 | €104,354 | €120,495 | +€16,142 | +15.5% |
| Current assets | 29/58 | €449,460 | €906,617 | +€457,157 | +102% |
| Stocks and contracts in progress | 3 | €22,064 | €18,824 | -€3,241 | -14.7% |
| Stocks | 30/36 | €22,064 | €18,824 | -€3,241 | -14.7% |
| Amounts receivable within one year | 40/41 | €52,673 | €146,398 | +€93,725 | +178% |
| Trade receivables | 40 | €49,826 | €146,343 | +€96,517 | +194% |
| Other amounts receivable | 41 | €2,847 | €55 | -€2,792 | -98.1% |
| Cash at bank and in hand | 54/58 | €298,136 | €710,033 | +€411,897 | +138% |
| Deferred charges and accrued income | 490/1 | €76,587 | €31,363 | -€45,225 | -59.0% |
| Total equity and liabilities | 10/49 | €619,086 | €1,091,362 | +€472,277 | +76.3% |
| Equity | 10/15 | €392,698 | €707,106 | +€314,408 | +80.1% |
| Reserves | 13 | - | €180,000 | +€180,000 | |
| Profit (loss) carried forward | 14 | €377,729 | €431,457 | +€53,728 | +14.2% |
| Investment grants | 15 | €14,969 | €95,649 | +€80,680 | +539% |
| Amounts payable | 17/49 | €226,387 | €384,256 | +€157,869 | +69.7% |
| Amounts payable within one year | 42/48 | €225,530 | €384,256 | +€158,726 | +70.4% |
| Trade debts | 44 | €100,011 | €139,815 | +€39,804 | +39.8% |
| Suppliers | 440/4 | €100,011 | €139,815 | +€39,804 | +39.8% |
| Taxes, remuneration and social security | 45 | €125,519 | €244,441 | +€118,922 | +94.7% |
| Taxes | 450/3 | €25,535 | €47,582 | +€22,048 | +86.3% |
| Remuneration and social security | 454/9 | €99,984 | €196,859 | +€96,875 | +96.9% |
| Accrued charges and deferred income | 492/3 | €857 | €0 | -€857 | -100% |
| Non-recurring operating income | 76A | - | €80,843 | +€80,843 | |
| Remuneration, social security and pensions | 62 | €1,020,806 | €880,395 | -€140,411 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,395 | €40,881 | -€3,514 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€47,747 | -€47,747 | |
| Other operating charges | 640/8 | €11,751 | €5,683 | -€6,068 | -51.6% |
| Non-recurring operating charges | 66A | €0 | €70,431 | +€70,431 | |
| Gross operating margin | 9900 | €1,100,597 | €1,184,311 | +€83,714 | +7.6% |
| Operating profit (loss) | 9901 | €23,645 | €234,668 | +€211,023 | +892% |
| Financial income | 75/76B | €38 | €95 | +€57 | +150% |
| Recurring financial income | 75 | €38 | €95 | +€57 | +150% |
| Financial charges | 65/66B | €8,285 | €1,035 | -€7,250 | -87.5% |
| Recurring financial charges | 65 | €8,285 | €1,035 | -€7,250 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €15,399 | €233,728 | +€218,330 | +1,418% |
| Profit (loss) for the period | 9904 | €15,399 | €233,728 | +€218,330 | +1,418% |
| Profit (loss) for the period to be appropriated | 9905 | €15,399 | €233,728 | +€218,330 | +1,418% |
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 13 October 2026 via checked.be.