ENTRE 2: 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.
ENTRE 2
Largest movements
- Receivables within one year +€84,607
up €84,607 (+17.6%), from €481,275 to €565,881
of which Other amounts receivable: +€53,129
- Cash -€64,504
down €64,504 (-17.5%), from €369,323 to €304,819
mainly Receivables within one year (-€84,607) and Investment in fixed assets (net) (-€44,394)
- Profit (loss) carried forward +€139,829
up €139,829 (+5.8%), from €2.4m to €2.6m
- Trade debts -€43,140
down €43,140 (-93.0%), from €46,386 to €3,247
- Other debts -€38,083
down €38,083 (-13.1%), from €290,733 to €252,650
- Financial income +€93,965
up €93,965 (+363%), from €25,901 to €119,866
- Gross operating margin +€80,149
up €80,149 (+31.8%), from €251,885 to €332,034
- Staff costs +€16,607
up €16,607 (+7.4%), from €225,308 to €241,915
- Financial charges +€12,174
up €12,174 (+200%), from €6,086 to €18,260
- Depreciation +€5,836
up €5,836 (+21.1%), from €27,682 to €33,518
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 | €3,151,883 | €3,192,980 | +€41,096 | +1.3% |
| Fixed assets | 21/28 | €2,299,884 | €2,310,759 | +€10,876 | +0.5% |
| Tangible fixed assets | 22/27 | €682,067 | €692,942 | +€10,876 | +1.6% |
| Land and buildings | 22 | €652,635 | €629,169 | -€23,465 | -3.6% |
| Furniture and vehicles | 24 | €29,432 | €63,773 | +€34,341 | +117% |
| Financial fixed assets | 28 | €1,617,817 | €1,617,817 | = | 0.0% |
| Current assets | 29/58 | €851,999 | €882,220 | +€30,221 | +3.5% |
| Amounts receivable within one year | 40/41 | €481,275 | €565,881 | +€84,607 | +17.6% |
| Trade receivables | 40 | €65,920 | €97,398 | +€31,478 | +47.8% |
| Other amounts receivable | 41 | €415,355 | €468,483 | +€53,129 | +12.8% |
| Cash at bank and in hand | 54/58 | €369,323 | €304,819 | -€64,504 | -17.5% |
| Deferred charges and accrued income | 490/1 | €1,402 | €11,520 | +€10,118 | +722% |
| Total equity and liabilities | 10/49 | €3,151,883 | €3,192,980 | +€41,096 | +1.3% |
| Equity | 10/15 | €2,705,596 | €2,845,425 | +€139,829 | +5.2% |
| Contributions | 10/11 | €265,600 | €265,600 | = | 0.0% |
| Reserves | 13 | €26,560 | €26,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,560 | €26,560 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,560 | €26,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,413,436 | €2,553,265 | +€139,829 | +5.8% |
| Amounts payable | 17/49 | €446,287 | €347,554 | -€98,733 | -22.1% |
| Amounts payable after more than one year | 17 | €9,725 | - | -€9,725 | |
| Financial debts | 170/4 | €9,725 | - | -€9,725 | |
| Amounts payable within one year | 42/48 | €434,106 | €335,058 | -€99,047 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €23,460 | €9,725 | -€13,735 | -58.5% |
| Trade debts | 44 | €46,386 | €3,247 | -€43,140 | -93.0% |
| Suppliers | 440/4 | €46,386 | €3,247 | -€43,140 | -93.0% |
| Taxes, remuneration and social security | 45 | €73,527 | €69,437 | -€4,090 | -5.6% |
| Taxes | 450/3 | €38,807 | €23,300 | -€15,507 | -40.0% |
| Remuneration and social security | 454/9 | €34,720 | €46,137 | +€11,417 | +32.9% |
| Other amounts payable | 47/48 | €290,733 | €252,650 | -€38,083 | -13.1% |
| Accrued charges and deferred income | 492/3 | €2,456 | €12,496 | +€10,040 | +409% |
| Non-recurring operating income | 76A | €1,306 | - | -€1,306 | |
| Remuneration, social security and pensions | 62 | €225,308 | €241,915 | +€16,607 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,682 | €33,518 | +€5,836 | +21.1% |
| Other operating charges | 640/8 | €5,323 | €7,731 | +€2,408 | +45.2% |
| Gross operating margin | 9900 | €251,885 | €332,034 | +€80,149 | +31.8% |
| Operating profit (loss) | 9901 | -€6,429 | €48,869 | +€55,298 | |
| Financial income | 75/76B | €25,901 | €119,866 | +€93,965 | +363% |
| Recurring financial income | 75 | €25,901 | €119,866 | +€93,965 | +363% |
| Financial charges | 65/66B | €6,086 | €18,260 | +€12,174 | +200% |
| Recurring financial charges | 65 | €6,086 | €18,260 | +€12,174 | +200% |
| Profit (loss) for the period before taxes | 9903 | €13,386 | €150,475 | +€137,089 | +1,024% |
| Income taxes | 67/77 | €5,210 | €10,646 | +€5,435 | +104% |
| Profit (loss) for the period | 9904 | €8,176 | €139,829 | +€131,653 | +1,610% |
| Profit (loss) for the period to be appropriated | 9905 | €8,176 | €139,829 | +€131,653 | +1,610% |
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 14 October 2026 via checked.be.