EN-KA GROUP: 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-KA GROUP
Largest movements
- Receivables within one year +€48,001
up €48,001 (+354%), from €13,548 to €61,549
- Tangible fixed assets +€30,052
up €30,052 (+35.6%), from €84,429 to €114,481
of which Furniture and vehicles: +€39,433
- Trade debts +€34,898
up €34,898 (+304%), from €11,496 to €46,393
- Debts after one year +€24,717
up €24,717 (+323%), from €7,663 to €32,380
- Other debts +€7,433
new in 2025: €7,433
- Current portion of long-term debt +€6,892
up €6,892 (+85.5%), from €8,061 to €14,953
- Profit (loss) carried forward +€6,066
up €6,066 (+5.5%), from €110,035 to €116,101
- Gross operating margin -€74,544
down €74,544 (-70.3%), from €106,023 to €31,479
- Taxes -€32,096
down €32,096 (-93.6%), from €34,309 to €2,213
- Staff costs -€21,199
down €21,199 (-82.0%), from €25,840 to €4,641
- Other operating charges +€5,646
up €5,646 (+1,393%), from €405 to €6,051
- Financial charges +€1,137
up €1,137 (+446%), from €255 to €1,391
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 | €164,756 | €241,559 | +€76,802 | +46.6% |
| Fixed assets | 21/28 | €93,366 | €121,918 | +€28,552 | +30.6% |
| Intangible fixed assets | 21 | €7,537 | €6,037 | -€1,500 | -19.9% |
| Tangible fixed assets | 22/27 | €84,429 | €114,481 | +€30,052 | +35.6% |
| Furniture and vehicles | 24 | - | €39,433 | +€39,433 | |
| Other tangible fixed assets | 26 | €84,429 | €75,048 | -€9,381 | -11.1% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €71,390 | €119,640 | +€48,250 | +67.6% |
| Stocks and contracts in progress | 3 | €983 | €878 | -€105 | -10.7% |
| Stocks | 30/36 | €983 | €878 | -€105 | -10.7% |
| Amounts receivable within one year | 40/41 | €13,548 | €61,549 | +€48,001 | +354% |
| Trade receivables | 40 | €13,548 | €61,549 | +€48,001 | +354% |
| Cash at bank and in hand | 54/58 | €56,859 | €57,214 | +€354 | +0.6% |
| Total equity and liabilities | 10/49 | €164,756 | €241,559 | +€76,802 | +46.6% |
| Equity | 10/15 | €112,035 | €118,101 | +€6,066 | +5.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,035 | €116,101 | +€6,066 | +5.5% |
| Amounts payable | 17/49 | €52,721 | €123,457 | +€70,736 | +134% |
| Amounts payable after more than one year | 17 | €7,663 | €32,380 | +€24,717 | +323% |
| Financial debts | 170/4 | €7,663 | €32,380 | +€24,717 | +323% |
| Amounts payable within one year | 42/48 | €45,058 | €91,077 | +€46,019 | +102% |
| Current portion of amounts payable after more than one year | 42 | €8,061 | €14,953 | +€6,892 | +85.5% |
| Trade debts | 44 | €11,496 | €46,393 | +€34,898 | +304% |
| Suppliers | 440/4 | €11,496 | €46,393 | +€34,898 | +304% |
| Taxes, remuneration and social security | 45 | €25,501 | €22,297 | -€3,203 | -12.6% |
| Taxes | 450/3 | €22,958 | €22,008 | -€950 | -4.1% |
| Remuneration and social security | 454/9 | €2,543 | €290 | -€2,253 | -88.6% |
| Other amounts payable | 47/48 | - | €7,433 | +€7,433 | |
| Remuneration, social security and pensions | 62 | €25,840 | €4,641 | -€21,199 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,881 | €11,118 | +€237 | +2.2% |
| Other operating charges | 640/8 | €405 | €6,051 | +€5,646 | +1,393% |
| Gross operating margin | 9900 | €106,023 | €31,479 | -€74,544 | -70.3% |
| Operating profit (loss) | 9901 | €68,897 | €9,669 | -€59,228 | -86.0% |
| Financial income | 75/76B | €72 | €1 | -€71 | -98.9% |
| Recurring financial income | 75 | €72 | €1 | -€71 | -98.9% |
| Financial charges | 65/66B | €255 | €1,391 | +€1,137 | +446% |
| Recurring financial charges | 65 | €255 | €1,391 | +€1,137 | +446% |
| Profit (loss) for the period before taxes | 9903 | €68,714 | €8,279 | -€60,435 | -88.0% |
| Income taxes | 67/77 | €34,309 | €2,213 | -€32,096 | -93.6% |
| Profit (loss) for the period | 9904 | €34,405 | €6,066 | -€28,339 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,405 | €6,066 | -€28,339 | -82.4% |
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 26 October 2026 via checked.be.