En Commence: 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.
En Commence
Largest movements
- Tangible fixed assets -€18,232
down €18,232 (-5.2%), from €353,798 to €335,566
- Receivables within one year +€4,675
up €4,675 (+378%), from €1,237 to €5,912
- Debts after one year -€11,437
down €11,437 (-3.8%), from €302,571 to €291,134
- Profit (loss) carried forward -€4,135
down €4,135 (-45.0%), from -€9,193 to -€13,329
- Gross operating margin +€14,121
up €14,121 (+106%), from €13,352 to €27,472
- Depreciation +€7,393
up €7,393 (+68.2%), from €10,839 to €18,232
- Financial charges +€1,908
up €1,908 (+18.4%), from €10,369 to €12,277
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 | €373,456 | €358,324 | -€15,133 | -4.1% |
| Fixed assets | 21/28 | €353,798 | €335,566 | -€18,232 | -5.2% |
| Tangible fixed assets | 22/27 | €353,798 | €335,566 | -€18,232 | -5.2% |
| Land and buildings | 22 | €353,798 | €335,566 | -€18,232 | -5.2% |
| Current assets | 29/58 | €19,659 | €22,758 | +€3,099 | +15.8% |
| Amounts receivable within one year | 40/41 | €1,237 | €5,912 | +€4,675 | +378% |
| Other amounts receivable | 41 | €1,237 | €5,912 | +€4,675 | +378% |
| Cash at bank and in hand | 54/58 | €18,422 | €16,846 | -€1,576 | -8.6% |
| Total equity and liabilities | 10/49 | €373,456 | €358,324 | -€15,133 | -4.1% |
| Equity | 10/15 | €38,807 | €34,671 | -€4,135 | -10.7% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,193 | -€13,329 | -€4,135 | -45.0% |
| Amounts payable | 17/49 | €334,650 | €323,652 | -€10,997 | -3.3% |
| Amounts payable after more than one year | 17 | €302,571 | €291,134 | -€11,437 | -3.8% |
| Financial debts | 170/4 | €302,571 | €291,134 | -€11,437 | -3.8% |
| Amounts payable within one year | 42/48 | €32,079 | €32,518 | +€439 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €10,997 | €11,437 | +€439 | +4.0% |
| Other amounts payable | 47/48 | €21,081 | €21,081 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,839 | €18,232 | +€7,393 | +68.2% |
| Other operating charges | 640/8 | €1,337 | €1,292 | -€45 | -3.3% |
| Gross operating margin | 9900 | €13,352 | €27,472 | +€14,121 | +106% |
| Operating profit (loss) | 9901 | €1,175 | €7,948 | +€6,773 | +576% |
| Financial income | 75/76B | - | €194 | +€194 | |
| Recurring financial income | 75 | - | €194 | +€194 | |
| Financial charges | 65/66B | €10,369 | €12,277 | +€1,908 | +18.4% |
| Recurring financial charges | 65 | €10,369 | €12,277 | +€1,908 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,193 | -€4,135 | +€5,058 | +55.0% |
| Profit (loss) for the period | 9904 | -€9,193 | -€4,135 | +€5,058 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,193 | -€4,135 | +€5,058 | +55.0% |
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.