E.N.C.S.: 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.
E.N.C.S.
Largest movements
- Intangible fixed assets -€5,232
down €5,232 (-15.1%), from €34,537 to €29,305
- Cash +€4,562
up €4,562 (+78.5%), from €5,811 to €10,373
mainly Trade debts (+€26,820) and Depreciation (+€11,395)
- Deferred charges and accrued income +€3,186
new in 2025: €3,186
- Tangible fixed assets -€3,046
down €3,046 (-51.7%), from €5,889 to €2,842
- Receivables within one year +€1,359
up €1,359 (+5.6%), from €24,320 to €25,679
of which Trade receivables: +€6,174
- Trade debts +€26,820
up €26,820 (+153%), from €17,481 to €44,301
- Profit (loss) carried forward -€16,194
down €16,194 (-56.8%), from -€28,530 to -€44,724
- Debts after one year -€5,057
down €5,057 (-100%), from €5,057 to €0
- Other debts -€5,000
down €5,000 (-31.3%), from €16,000 to €11,000
- Tax, wage and social debts +€2,063
up €2,063 (+8.1%), from €25,353 to €27,416
of which Remuneration and social security: +€2,640
- Staff costs +€25,534
up €25,534 (+17.3%), from €147,346 to €172,880
- Gross operating margin +€6,768
up €6,768 (+4.1%), from €165,797 to €172,565
- Depreciation -€3,047
down €3,047 (-21.1%), from €14,442 to €11,395
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 | €86,970 | €88,050 | +€1,080 | +1.2% |
| Fixed assets | 21/28 | €49,666 | €41,389 | -€8,278 | -16.7% |
| Intangible fixed assets | 21 | €34,537 | €29,305 | -€5,232 | -15.1% |
| Tangible fixed assets | 22/27 | €5,889 | €2,842 | -€3,046 | -51.7% |
| Furniture and vehicles | 24 | €5,889 | €2,842 | -€3,046 | -51.7% |
| Financial fixed assets | 28 | €9,241 | €9,241 | = | 0.0% |
| Current assets | 29/58 | €37,303 | €46,661 | +€9,358 | +25.1% |
| Stocks and contracts in progress | 3 | €7,173 | €7,424 | +€251 | +3.5% |
| Stocks | 30/36 | €7,173 | €7,424 | +€251 | +3.5% |
| Amounts receivable within one year | 40/41 | €24,320 | €25,679 | +€1,359 | +5.6% |
| Trade receivables | 40 | - | €6,174 | +€6,174 | |
| Other amounts receivable | 41 | €24,320 | €19,504 | -€4,815 | -19.8% |
| Cash at bank and in hand | 54/58 | €5,811 | €10,373 | +€4,562 | +78.5% |
| Deferred charges and accrued income | 490/1 | - | €3,186 | +€3,186 | |
| Total equity and liabilities | 10/49 | €86,970 | €88,050 | +€1,080 | +1.2% |
| Equity | 10/15 | €16,470 | €276 | -€16,194 | -98.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,530 | -€44,724 | -€16,194 | -56.8% |
| Amounts payable | 17/49 | €70,500 | €87,774 | +€17,274 | +24.5% |
| Amounts payable after more than one year | 17 | €5,057 | €0 | -€5,057 | -100% |
| Financial debts | 170/4 | €5,057 | €0 | -€5,057 | -100% |
| Amounts payable within one year | 42/48 | €65,443 | €87,774 | +€22,331 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €6,609 | €5,057 | -€1,552 | -23.5% |
| Trade debts | 44 | €17,481 | €44,301 | +€26,820 | +153% |
| Suppliers | 440/4 | €17,481 | €44,301 | +€26,820 | +153% |
| Taxes, remuneration and social security | 45 | €25,353 | €27,416 | +€2,063 | +8.1% |
| Taxes | 450/3 | €9,622 | €9,045 | -€576 | -6.0% |
| Remuneration and social security | 454/9 | €15,731 | €18,370 | +€2,640 | +16.8% |
| Other amounts payable | 47/48 | €16,000 | €11,000 | -€5,000 | -31.3% |
| Remuneration, social security and pensions | 62 | €147,346 | €172,880 | +€25,534 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,442 | €11,395 | -€3,047 | -21.1% |
| Other operating charges | 640/8 | €1,932 | €1,338 | -€594 | -30.7% |
| Gross operating margin | 9900 | €165,797 | €172,565 | +€6,768 | +4.1% |
| Operating profit (loss) | 9901 | €2,077 | -€13,048 | -€15,125 | |
| Financial income | 75/76B | €130 | €18 | -€112 | -86.0% |
| Recurring financial income | 75 | €130 | €18 | -€112 | -86.0% |
| Financial charges | 65/66B | €3,596 | €3,164 | -€431 | -12.0% |
| Recurring financial charges | 65 | €3,596 | €3,164 | -€431 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,388 | -€16,194 | -€14,806 | -1,066% |
| Profit (loss) for the period | 9904 | -€1,388 | -€16,194 | -€14,806 | -1,066% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,388 | -€16,194 | -€14,806 | -1,066% |
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.