EDITIONS ENIGMATIC: 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.
EDITIONS ENIGMATIC
Largest movements
- Cash -€7,351
down €7,351 (-17.1%), from €43,004 to €35,653
mainly Net result for the year (-€8,048)
- Profit (loss) carried forward -€8,048
down €8,048 (-1.9%), from -€418,663 to -€426,710
- Gross operating margin +€219,193
up €219,193 (+97.2%), from -€225,534 to -€6,342
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 | €95,179 | €87,572 | -€7,607 | -8.0% |
| Current assets | 29/58 | €95,179 | €87,572 | -€7,607 | -8.0% |
| Stocks and contracts in progress | 3 | €52,176 | €51,920 | -€256 | -0.5% |
| Stocks | 30/36 | €52,176 | €51,920 | -€256 | -0.5% |
| Cash at bank and in hand | 54/58 | €43,004 | €35,653 | -€7,351 | -17.1% |
| Total equity and liabilities | 10/49 | €95,179 | €87,572 | -€7,607 | -8.0% |
| Equity | 10/15 | -€17,625 | -€25,672 | -€8,048 | -45.7% |
| Contributions | 10/11 | €401,038 | €401,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,663 | -€426,710 | -€8,048 | -1.9% |
| Amounts payable | 17/49 | €112,804 | €113,244 | +€441 | +0.4% |
| Amounts payable within one year | 42/48 | €112,804 | €113,244 | +€441 | +0.4% |
| Trade debts | 44 | €2,802 | €3,061 | +€259 | +9.2% |
| Suppliers | 440/4 | €2,802 | €3,061 | +€259 | +9.2% |
| Other amounts payable | 47/48 | €110,001 | €110,183 | +€182 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€670 | -€670 | |
| Other operating charges | 640/8 | €387 | €1,070 | +€683 | +176% |
| Gross operating margin | 9900 | -€225,534 | -€6,342 | +€219,193 | +97.2% |
| Operating profit (loss) | 9901 | -€225,922 | -€6,741 | +€219,180 | +97.0% |
| Financial charges | 65/66B | €701 | €1,306 | +€606 | +86.4% |
| Recurring financial charges | 65 | €701 | €1,306 | +€606 | +86.4% |
| Profit (loss) for the period before taxes | 9903 | -€226,622 | -€8,048 | +€218,575 | +96.4% |
| Profit (loss) for the period | 9904 | -€226,622 | -€8,048 | +€218,575 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€226,622 | -€8,048 | +€218,575 | +96.4% |
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.