EL ENCUENTRO: 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.
EL ENCUENTRO
Largest movements
- Formation expenses -€544
no longer reported in 2025 (was €544)
- Cash -€393
down €393 (-70.4%), from €559 to €165
mainly Net result for the year (-€20,728) and Receivables within one year (-€297)
- Receivables within one year +€297
up €297 (+69.7%), from €426 to €724
- Profit (loss) carried forward -€20,728
down €20,728 (-76.1%), from -€27,245 to -€47,973
- Other debts +€20,087
up €20,087 (+75.0%), from €26,775 to €46,862
- Gross operating margin +€4,388
up €4,388 (+17.9%), from -€24,478 to -€20,090
- Purchases and services -€4,388
down €4,388 (-17.9%), from €24,478 to €20,090
- Other operating charges -€384
no longer reported in 2025 (was €384)
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 | €1,530 | €889 | -€641 | -41.9% |
| Formation expenses | 20 | €544 | - | -€544 | |
| Current assets | 29/58 | €985 | €889 | -€96 | -9.8% |
| Amounts receivable within one year | 40/41 | €426 | €724 | +€297 | +69.7% |
| Other amounts receivable | 41 | €426 | €724 | +€297 | +69.7% |
| Cash at bank and in hand | 54/58 | €559 | €165 | -€393 | -70.4% |
| Total equity and liabilities | 10/49 | €1,530 | €889 | -€641 | -41.9% |
| Equity | 10/15 | -€25,245 | -€45,973 | -€20,728 | -82.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,245 | -€47,973 | -€20,728 | -76.1% |
| Amounts payable | 17/49 | €26,775 | €46,862 | +€20,087 | +75.0% |
| Amounts payable within one year | 42/48 | €26,775 | €46,862 | +€20,087 | +75.0% |
| Other amounts payable | 47/48 | €26,775 | €46,862 | +€20,087 | +75.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,478 | €20,090 | -€4,388 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €544 | = | 0.0% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Non-recurring operating charges | 66A | €1,728 | - | -€1,728 | |
| Gross operating margin | 9900 | -€24,478 | -€20,090 | +€4,388 | +17.9% |
| Operating profit (loss) | 9901 | -€27,135 | -€20,635 | +€6,500 | +24.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €110 | €93 | -€17 | -15.5% |
| Recurring financial charges | 65 | €110 | €93 | -€17 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,245 | -€20,728 | +€6,517 | +23.9% |
| Profit (loss) for the period | 9904 | -€27,245 | -€20,728 | +€6,517 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,245 | -€20,728 | +€6,517 | +23.9% |
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 26 October 2026 via checked.be.