EnTecs: what changed
What changed
EnTecs
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€64,924
2024 · €26,406+€38,518
Equity
€285,391
2024 · €222,267+€63,124
Cash
€454,452
2024 · €136,595+€317,857
Balance sheet total
€489,683
2024 · €414,542+€75,141
Largest movements
Assets
- Cash +€317,857
up €317,857 (+233%), from €136,595 to €454,452
mainly Investment in fixed assets (net) (+€238,102) and Net result for the year (+€64,924)
- Tangible fixed assets -€238,442
down €238,442 (-99.7%), from €239,225 to €783
of which Land and buildings: -€228,173
Equity and liabilities
- Reserves +€63,124
up €63,124 (+30.1%), from €209,867 to €272,991
- Debts after one year +€50,118
up €50,118 (+49.0%), from €102,386 to €152,505
of which Other amounts payable: +€60,000
- Other debts -€30,281
down €30,281 (-49.1%), from €61,695 to €31,414
Income statement
- Gross operating margin +€60,209
up €60,209 (+82.3%), from €73,173 to €133,382
- Financial charges +€16,424
up €16,424 (+36.1%), from €45,502 to €61,926
- Taxes +€5,734
up €5,734 (+3,364%), from €170 to €5,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,406
Gross operating margin
+€60,209
Depreciation
+€439
Other operating charges
+€46
Financial income
-€18
Financial charges
-€16,424
Taxes
-€5,734
Result 2025
€64,924
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,279
Investment
+€238,040
Financing
+€48,538
Cash 2024
€136,595
From operations (derived)
+€31,279
Net result for the year
+€64,924
Depreciation
+€340
Receivables within one year
+€3,973
Smaller working-capital items
-€229
Trade debts
-€3,076
Tax, wage and social debts
-€4,371
Other debts
-€30,281
Investment (derived)
+€238,040
Investment in fixed assets (net)
+€238,102
Current investments
-€63
Financing
+€48,538
Debts after one year
+€50,118
Current portion of long-term debt
+€220
Contributions, distributions and other
-€1,800
Cash 2025
€454,452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,542 | €489,683 | +€75,141 | +18.1% |
| Fixed assets | 21/28 | €239,225 | €783 | -€238,442 | -99.7% |
| Tangible fixed assets | 22/27 | €239,225 | €783 | -€238,442 | -99.7% |
| Land and buildings | 22 | €228,173 | - | -€228,173 | |
| Plant, machinery and equipment | 23 | €10,981 | €783 | -€10,198 | -92.9% |
| Furniture and vehicles | 24 | €71 | - | -€71 | |
| Current assets | 29/58 | €175,316 | €488,900 | +€313,583 | +179% |
| Amounts receivable within one year | 40/41 | €28,255 | €24,283 | -€3,973 | -14.1% |
| Trade receivables | 40 | €19,393 | €13,432 | -€5,962 | -30.7% |
| Other amounts receivable | 41 | €8,862 | €10,851 | +€1,989 | +22.4% |
| Current investments | 50/53 | €10,103 | €10,165 | +€63 | +0.6% |
| Cash at bank and in hand | 54/58 | €136,595 | €454,452 | +€317,857 | +233% |
| Deferred charges and accrued income | 490/1 | €363 | - | -€363 | |
| Total equity and liabilities | 10/49 | €414,542 | €489,683 | +€75,141 | +18.1% |
| Equity | 10/15 | €222,267 | €285,391 | +€63,124 | +28.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €209,867 | €272,991 | +€63,124 | +30.1% |
| Distributable reserves | 133 | €209,867 | €272,991 | +€63,124 | +30.1% |
| Amounts payable | 17/49 | €192,275 | €204,292 | +€12,017 | +6.3% |
| Amounts payable after more than one year | 17 | €102,386 | €152,505 | +€50,118 | +49.0% |
| Financial debts | 170/4 | €12,386 | €2,505 | -€9,882 | -79.8% |
| Other amounts payable | 178/9 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Amounts payable within one year | 42/48 | €84,336 | €46,827 | -€37,509 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €9,662 | €9,882 | +€220 | +2.3% |
| Trade debts | 44 | €3,696 | €620 | -€3,076 | -83.2% |
| Suppliers | 440/4 | €3,696 | €620 | -€3,076 | -83.2% |
| Taxes, remuneration and social security | 45 | €9,283 | €4,912 | -€4,371 | -47.1% |
| Taxes | 450/3 | €7,283 | €2,912 | -€4,371 | -60.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €61,695 | €31,414 | -€30,281 | -49.1% |
| Accrued charges and deferred income | 492/3 | €5,553 | €4,960 | -€592 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €340 | -€439 | -56.4% |
| Other operating charges | 640/8 | €423 | €376 | -€46 | -10.9% |
| Gross operating margin | 9900 | €73,173 | €133,382 | +€60,209 | +82.3% |
| Operating profit (loss) | 9901 | €71,971 | €132,665 | +€60,694 | +84.3% |
| Financial income | 75/76B | €107 | €89 | -€18 | -16.7% |
| Recurring financial income | 75 | €107 | €89 | -€18 | -16.7% |
| Financial charges | 65/66B | €45,502 | €61,926 | +€16,424 | +36.1% |
| Recurring financial charges | 65 | €45,502 | €61,926 | +€16,424 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €26,576 | €70,829 | +€44,252 | +167% |
| Income taxes | 67/77 | €170 | €5,905 | +€5,734 | +3,364% |
| Profit (loss) for the period | 9904 | €26,406 | €64,924 | +€38,518 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €26,406 | €64,924 | +€38,518 | +146% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.