EN.CON: 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.
EN.CON
Largest movements
- Receivables within one year -€1,905
down €1,905 (-48.3%), from €3,940 to €2,035
of which Trade receivables: -€1,342
- Intangible fixed assets -€818
down €818 (-14.4%), from €5,675 to €4,857
- Deferred charges and accrued income -€406
down €406 (-72.3%), from €561 to €156
- Other debts -€4,736
down €4,736 (-10.0%), from €47,215 to €42,480
- Profit (loss) carried forward +€1,885
up €1,885 (+4.0%), from -€46,890 to -€45,005
- Trade debts -€952
down €952 (-74.7%), from €1,274 to €322
- Accrued charges and deferred income +€400
new in 2025: €400
- Tax, wage and social debts +€336
up €336 (+156.3%), from €215 to €552
- Gross operating margin -€18,343
down €18,343 (-81.4%), from €22,545 to €4,202
- Depreciation -€546
down €546 (-40.0%), from €1,364 to €818
- Other operating charges -€313
down €313 (-23.9%), from €1,309 to €996
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 | €10,515 | €7,448 | -€3,067 | -29.2% |
| Fixed assets | 21/28 | €5,725 | €4,907 | -€818 | -14.3% |
| Intangible fixed assets | 21 | €5,675 | €4,857 | -€818 | -14.4% |
| Tangible fixed assets | 22/27 | €0 | €0 | -€0 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €4,790 | €2,541 | -€2,249 | -46.9% |
| Amounts receivable within one year | 40/41 | €3,940 | €2,035 | -€1,905 | -48.3% |
| Trade receivables | 40 | €3,378 | €2,035 | -€1,342 | -39.7% |
| Other amounts receivable | 41 | €563 | €0 | -€563 | -100.0% |
| Cash at bank and in hand | 54/58 | €288 | €350 | +€62 | +21.6% |
| Deferred charges and accrued income | 490/1 | €561 | €156 | -€406 | -72.3% |
| Total equity and liabilities | 10/49 | €10,515 | €7,448 | -€3,067 | -29.2% |
| Equity | 10/15 | -€38,190 | -€36,305 | +€1,885 | +4.9% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,890 | -€45,005 | +€1,885 | +4.0% |
| Amounts payable | 17/49 | €48,705 | €43,753 | -€4,951 | -10.2% |
| Amounts payable within one year | 42/48 | €48,705 | €43,354 | -€5,351 | -11.0% |
| Trade debts | 44 | €1,274 | €322 | -€952 | -74.7% |
| Suppliers | 440/4 | €1,274 | €322 | -€952 | -74.7% |
| Taxes, remuneration and social security | 45 | €215 | €552 | +€336 | +156.3% |
| Taxes | 450/3 | €215 | €552 | +€336 | +156.3% |
| Other amounts payable | 47/48 | €47,215 | €42,480 | -€4,736 | -10.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,364 | €818 | -€546 | -40.0% |
| Other operating charges | 640/8 | €1,309 | €996 | -€313 | -23.9% |
| Gross operating margin | 9900 | €22,545 | €4,202 | -€18,343 | -81.4% |
| Operating profit (loss) | 9901 | €19,871 | €2,388 | -€17,484 | -88.0% |
| Financial income | 75/76B | €6 | €7 | +€1 | +22.9% |
| Recurring financial income | 75 | €6 | €7 | +€1 | +22.9% |
| Financial charges | 65/66B | €255 | €284 | +€29 | +11.5% |
| Recurring financial charges | 65 | €255 | €284 | +€29 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €19,623 | €2,111 | -€17,512 | -89.2% |
| Income taxes | 67/77 | €217 | €226 | +€10 | +4.4% |
| Profit (loss) for the period | 9904 | €19,406 | €1,885 | -€17,521 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,406 | €1,885 | -€17,521 | -90.3% |
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 6 October 2026 via checked.be.