L'Entre-Temps: 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'Entre-Temps
Largest movements
- Cash +€340,887
up €340,887 (+59.3%), from €574,849 to €915,737
mainly Net result for the year (+€321,347) and Receivables within one year (+€114,561)
- Receivables within one year -€114,561
down €114,561 (-19.2%), from €597,699 to €483,139
of which Trade receivables: -€59,551
- Tangible fixed assets -€54,184
down €54,184 (-3.7%), from €1.5m to €1.4m
of which Land and buildings: -€53,663
- Profit (loss) carried forward +€321,347
up €321,347 (+25.3%), from €1.3m to €1.6m
- Accrued charges and deferred income -€116,650
down €116,650 (-100%), from €116,650 to €0
- Staff costs -€165,798
down €165,798 (-11.6%), from €1.4m to €1.3m
- Gross operating margin -€164,499
down €164,499 (-9.5%), from €1.7m to €1.6m
- Financial income +€115,189
up €115,189 (+260%), from €44,340 to €159,529
of which Non-recurring financial income: +€122,521
- Purchases and services -€21,305
down €21,305 (-4.4%), from €481,639 to €460,333
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 | €2,670,989 | €2,841,954 | +€170,965 | +6.4% |
| Fixed assets | 21/28 | €1,484,498 | €1,429,108 | -€55,390 | -3.7% |
| Tangible fixed assets | 22/27 | €1,483,292 | €1,429,108 | -€54,184 | -3.7% |
| Land and buildings | 22 | €1,409,935 | €1,356,272 | -€53,663 | -3.8% |
| Furniture and vehicles | 24 | €73,357 | €72,258 | -€1,099 | -1.5% |
| Assets under construction and advance payments | 27 | - | €579 | +€579 | |
| Financial fixed assets | 28 | €1,206 | €0 | -€1,206 | -100% |
| Current assets | 29/58 | €1,186,491 | €1,412,846 | +€226,355 | +19.1% |
| Amounts receivable within one year | 40/41 | €597,699 | €483,139 | -€114,561 | -19.2% |
| Trade receivables | 40 | €475,381 | €415,831 | -€59,551 | -12.5% |
| Other amounts receivable | 41 | €122,318 | €67,308 | -€55,010 | -45.0% |
| Cash at bank and in hand | 54/58 | €574,849 | €915,737 | +€340,887 | +59.3% |
| Deferred charges and accrued income | 490/1 | €13,942 | €13,970 | +€28 | +0.2% |
| Total equity and liabilities | 10/49 | €2,670,989 | €2,841,954 | +€170,965 | +6.4% |
| Equity | 10/15 | €1,921,233 | €2,240,666 | +€319,433 | +16.6% |
| Contributions | 10/11 | €82,270 | €82,270 | = | 0.0% |
| Capital | 10 | €82,270 | €82,270 | = | 0.0% |
| Reserves | 13 | €555,729 | €555,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,271,733 | €1,593,080 | +€321,347 | +25.3% |
| Investment grants | 15 | €11,500 | €9,587 | -€1,913 | -16.6% |
| Provisions and deferred taxes | 16 | €105,000 | €105,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €105,000 | €105,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable | 17/49 | €644,756 | €496,288 | -€148,468 | -23.0% |
| Amounts payable after more than one year | 17 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Financial debts | 170/4 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Amounts payable within one year | 42/48 | €490,606 | €466,288 | -€24,318 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €182,395 | €220,786 | +€38,391 | +21.0% |
| Suppliers | 440/4 | €182,395 | €220,786 | +€38,391 | +21.0% |
| Taxes, remuneration and social security | 45 | €262,508 | €199,630 | -€62,878 | -24.0% |
| Taxes | 450/3 | €46,301 | €34,388 | -€11,913 | -25.7% |
| Remuneration and social security | 454/9 | €216,207 | €165,242 | -€50,965 | -23.6% |
| Accrued charges and deferred income | 492/3 | €116,650 | €0 | -€116,650 | -100% |
| Turnover | 70 | €1,423,338 | €1,420,610 | -€2,728 | -0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €481,639 | €460,333 | -€21,305 | -4.4% |
| Remuneration, social security and pensions | 62 | €1,433,526 | €1,267,728 | -€165,798 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,198 | €111,568 | +€9,370 | +9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,379 | - | +€2,379 | |
| Other operating charges | 640/8 | €4,689 | €3,951 | -€738 | -15.7% |
| Gross operating margin | 9900 | €1,735,484 | €1,570,986 | -€164,499 | -9.5% |
| Operating profit (loss) | 9901 | €197,450 | €187,739 | -€9,712 | -4.9% |
| Financial income | 75/76B | €44,340 | €159,529 | +€115,189 | +260% |
| Recurring financial income | 75 | €24,199 | €16,867 | -€7,332 | -30.3% |
| Non-recurring financial income | 76B | €20,141 | €142,662 | +€122,521 | +608% |
| Financial charges | 65/66B | €25,326 | €25,921 | +€594 | +2.3% |
| Recurring financial charges | 65 | €3,195 | €2,895 | -€300 | -9.4% |
| Non-recurring financial charges | 66B | €22,131 | €23,026 | +€894 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €216,464 | €321,347 | +€104,883 | +48.5% |
| Profit (loss) for the period | 9904 | €216,464 | €321,347 | +€104,883 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €216,464 | €321,347 | +€104,883 | +48.5% |
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 24 October 2026 via checked.be.