L’ENTRACTE: 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.
L’ENTRACTE
Largest movements
- Tangible fixed assets +€11,637
up €11,637 (+115.8%), from €10,048 to €21,685
of which Furniture and vehicles: +€10,160
- Cash +€3,715
up €3,715 (+33.9%), from €10,956 to €14,670
mainly Debts after one year (+€8,983) and Depreciation (+€8,394)
- Stocks and contracts -€2,683
down €2,683 (-70.2%), from €3,820 to €1,137
- Receivables within one year -€1,699
down €1,699 (-34.1%), from €4,982 to €3,283
of which Trade receivables: -€1,977
- Deferred charges and accrued income +€818
up €818 (+1539.8%), from €53 to €871
- Debts after one year +€8,983
up €8,983 (+61.5%), from €14,618 to €23,601
- Trade debts -€7,332
down €7,332 (-72.2%), from €10,155 to €2,822
- Profit (loss) carried forward +€4,729
up €4,729 (+37.8%), from -€12,509 to -€7,781
- Current portion of long-term debt +€3,238
up €3,238 (+108.6%), from €2,981 to €6,219
- Other debts +€1,987
up €1,987 (+109.7%), from €1,811 to €3,797
- Staff costs +€16,979
up €16,979 (+48.5%), from €34,998 to €51,977
- Gross operating margin +€14,553
up €14,553 (+27.0%), from €53,981 to €68,534
- Other operating charges -€2,168
down €2,168 (-50.2%), from €4,317 to €2,149
- Depreciation +€1,264
up €1,264 (+17.7%), from €7,129 to €8,394
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 | €30,675 | €42,463 | +€11,787 | +38.4% |
| Fixed assets | 21/28 | €10,864 | €22,501 | +€11,637 | +107.1% |
| Tangible fixed assets | 22/27 | €10,048 | €21,685 | +€11,637 | +115.8% |
| Plant, machinery and equipment | 23 | - | €1,477 | +€1,477 | |
| Furniture and vehicles | 24 | €10,048 | €20,208 | +€10,160 | +101.1% |
| Financial fixed assets | 28 | €816 | €816 | = | 0.0% |
| Current assets | 29/58 | €19,811 | €19,961 | +€150 | +0.8% |
| Stocks and contracts in progress | 3 | €3,820 | €1,137 | -€2,683 | -70.2% |
| Stocks | 30/36 | €3,820 | €1,137 | -€2,683 | -70.2% |
| Amounts receivable within one year | 40/41 | €4,982 | €3,283 | -€1,699 | -34.1% |
| Trade receivables | 40 | €4,982 | €3,006 | -€1,977 | -39.7% |
| Other amounts receivable | 41 | - | €278 | +€278 | |
| Cash at bank and in hand | 54/58 | €10,956 | €14,670 | +€3,715 | +33.9% |
| Deferred charges and accrued income | 490/1 | €53 | €871 | +€818 | +1539.8% |
| Total equity and liabilities | 10/49 | €30,675 | €42,463 | +€11,787 | +38.4% |
| Equity | 10/15 | -€7,509 | -€2,781 | +€4,729 | +63.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,509 | -€7,781 | +€4,729 | +37.8% |
| Amounts payable | 17/49 | €38,185 | €45,243 | +€7,058 | +18.5% |
| Amounts payable after more than one year | 17 | €14,618 | €23,601 | +€8,983 | +61.5% |
| Financial debts | 170/4 | €14,618 | €23,601 | +€8,983 | +61.5% |
| Amounts payable within one year | 42/48 | €23,567 | €21,642 | -€1,924 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €2,981 | €6,219 | +€3,238 | +108.6% |
| Trade debts | 44 | €10,155 | €2,822 | -€7,332 | -72.2% |
| Suppliers | 440/4 | €10,155 | €2,822 | -€7,332 | -72.2% |
| Taxes, remuneration and social security | 45 | €8,621 | €8,804 | +€183 | +2.1% |
| Taxes | 450/3 | €4,809 | €3,522 | -€1,287 | -26.8% |
| Remuneration and social security | 454/9 | €3,812 | €5,282 | +€1,470 | +38.6% |
| Other amounts payable | 47/48 | €1,811 | €3,797 | +€1,987 | +109.7% |
| Remuneration, social security and pensions | 62 | €34,998 | €51,977 | +€16,979 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,129 | €8,394 | +€1,264 | +17.7% |
| Other operating charges | 640/8 | €4,317 | €2,149 | -€2,168 | -50.2% |
| Gross operating margin | 9900 | €53,981 | €68,534 | +€14,553 | +27.0% |
| Operating profit (loss) | 9901 | €7,536 | €6,014 | -€1,522 | -20.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,274 | €1,301 | +€27 | +2.1% |
| Recurring financial charges | 65 | €1,274 | €1,301 | +€27 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €6,262 | €4,713 | -€1,549 | -24.7% |
| Income taxes | 67/77 | €190 | -€16 | -€206 | |
| Profit (loss) for the period | 9904 | €6,072 | €4,729 | -€1,343 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,072 | €4,729 | -€1,343 | -22.1% |
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 12 October 2026 via checked.be.