AENIGMATA: what changed
Two fiscal 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.
AENIGMATA
Largest movements
- Financial fixed assets +€18,100
up €18,100 (+157.2%), from €11,517 to €29,616
- Intangible fixed assets -€15,000
down €15,000 (-13.4%), from €111,534 to €96,534
- Cash +€10,494
up €10,494 (+25.3%), from €41,519 to €52,013
mainly Net result for the year (+€21,137) and Depreciation (+€20,860)
- Tangible fixed assets -€5,860
down €5,860 (-49.3%), from €11,886 to €6,026
of which Furniture and vehicles: -€5,123
- Deferred charges and accrued income -€5,007
down €5,007 (-84.4%), from €5,931 to €923
- Other debts -€23,016
down €23,016 (-17.9%), from €128,509 to €105,493
- Profit (loss) carried forward +€21,137
up €21,137 (+32.5%), from €65,108 to €86,246
- Gross operating margin -€6,428
down €6,428 (-11.0%), from €58,374 to €51,946
- Depreciation -€2,831
down €2,831 (-12.0%), from €23,691 to €20,860
- Taxes -€1,013
down €1,013 (-9.7%), from €10,434 to €9,420
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 | €197,556 | €197,381 | -€176 | -0.1% |
| Fixed assets | 21/28 | €134,937 | €132,177 | -€2,760 | -2.0% |
| Intangible fixed assets | 21 | €111,534 | €96,534 | -€15,000 | -13.4% |
| Tangible fixed assets | 22/27 | €11,886 | €6,026 | -€5,860 | -49.3% |
| Plant, machinery and equipment | 23 | €1,873 | €1,137 | -€736 | -39.3% |
| Furniture and vehicles | 24 | €10,013 | €4,890 | -€5,123 | -51.2% |
| Financial fixed assets | 28 | €11,517 | €29,616 | +€18,100 | +157.2% |
| Current assets | 29/58 | €62,619 | €65,203 | +€2,584 | +4.1% |
| Amounts receivable within one year | 40/41 | €5,169 | €2,267 | -€2,903 | -56.1% |
| Trade receivables | 40 | €4,603 | €121 | -€4,482 | -97.4% |
| Other amounts receivable | 41 | €566 | €2,146 | +€1,580 | +279.0% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,519 | €52,013 | +€10,494 | +25.3% |
| Deferred charges and accrued income | 490/1 | €5,931 | €923 | -€5,007 | -84.4% |
| Total equity and liabilities | 10/49 | €197,556 | €197,381 | -€176 | -0.1% |
| Equity | 10/15 | €68,108 | €89,246 | +€21,137 | +31.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,108 | €86,246 | +€21,137 | +32.5% |
| Amounts payable | 17/49 | €129,448 | €108,135 | -€21,313 | -16.5% |
| Amounts payable within one year | 42/48 | €129,448 | €108,135 | -€21,313 | -16.5% |
| Trade debts | 44 | €939 | €2,642 | +€1,702 | +181.2% |
| Suppliers | 440/4 | €939 | €2,642 | +€1,702 | +181.2% |
| Other amounts payable | 47/48 | €128,509 | €105,493 | -€23,016 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,691 | €20,860 | -€2,831 | -12.0% |
| Other operating charges | 640/8 | €494 | €527 | +€34 | +6.8% |
| Gross operating margin | 9900 | €58,374 | €51,946 | -€6,428 | -11.0% |
| Operating profit (loss) | 9901 | €34,189 | €30,559 | -€3,630 | -10.6% |
| Financial income | 75/76B | €249 | €100 | -€149 | -59.9% |
| Recurring financial income | 75 | €249 | €100 | -€149 | -59.9% |
| Financial charges | 65/66B | €97 | €101 | +€4 | +4.0% |
| Recurring financial charges | 65 | €97 | €101 | +€4 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €34,341 | €30,558 | -€3,783 | -11.0% |
| Income taxes | 67/77 | €10,434 | €9,420 | -€1,013 | -9.7% |
| Profit (loss) for the period | 9904 | €23,907 | €21,137 | -€2,769 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,907 | €21,137 | -€2,769 | -11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.