EN-ÖNDE: 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-ÖNDE
Largest movements
- Receivables within one year +€92,367
up €92,367 (+55.0%), from €167,795 to €260,162
of which Trade receivables: +€90,988
- Stocks and contracts +€20,979
up €20,979 (+17.7%), from €118,533 to €139,512
- Cash +€18,835
up €18,835 (+45.3%), from €41,619 to €60,453
mainly Accrued charges and deferred income (+€233,842) and Depreciation (+€10,689)
- Tangible fixed assets -€6,301
down €6,301 (-13.3%), from €47,250 to €40,949
of which Furniture and vehicles: -€4,729
- Accrued charges and deferred income +€233,842
new in 2025: €233,842
- Trade debts -€52,814
down €52,814 (-32.4%), from €162,882 to €110,068
- Profit (loss) carried forward -€50,253
down €50,253 (-30.3%), from €166,012 to €115,759
- Tax, wage and social debts -€8,562
down €8,562 (-29.4%), from €29,096 to €20,534
of which Taxes: -€12,085
- Gross operating margin -€93,137
down €93,137 (-28.2%), from €330,340 to €237,204
- Staff costs +€59,790
up €59,790 (+31.6%), from €189,028 to €248,818
- Taxes -€24,684
down €24,684 (-99.2%), from €24,872 to €187
- Financial charges -€14,733
down €14,733 (-53.8%), from €27,371 to €12,638
- Other operating charges +€12,862
up €12,862 (+568%), from €2,265 to €15,126
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 | €384,181 | €506,498 | +€122,317 | +31.8% |
| Fixed assets | 21/28 | €50,400 | €44,099 | -€6,301 | -12.5% |
| Tangible fixed assets | 22/27 | €47,250 | €40,949 | -€6,301 | -13.3% |
| Land and buildings | 22 | €5,870 | €5,164 | -€706 | -12.0% |
| Plant, machinery and equipment | 23 | €23,052 | €22,186 | -€866 | -3.8% |
| Furniture and vehicles | 24 | €18,328 | €13,599 | -€4,729 | -25.8% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €333,781 | €462,398 | +€128,618 | +38.5% |
| Stocks and contracts in progress | 3 | €118,533 | €139,512 | +€20,979 | +17.7% |
| Stocks | 30/36 | €118,533 | €139,512 | +€20,979 | +17.7% |
| Amounts receivable within one year | 40/41 | €167,795 | €260,162 | +€92,367 | +55.0% |
| Trade receivables | 40 | €166,003 | €256,991 | +€90,988 | +54.8% |
| Other amounts receivable | 41 | €1,792 | €3,172 | +€1,379 | +76.9% |
| Cash at bank and in hand | 54/58 | €41,619 | €60,453 | +€18,835 | +45.3% |
| Deferred charges and accrued income | 490/1 | €5,834 | €2,271 | -€3,563 | -61.1% |
| Total equity and liabilities | 10/49 | €384,181 | €506,498 | +€122,317 | +31.8% |
| Equity | 10/15 | €186,472 | €136,219 | -€50,253 | -26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €166,012 | €115,759 | -€50,253 | -30.3% |
| Amounts payable | 17/49 | €197,709 | €370,279 | +€172,570 | +87.3% |
| Amounts payable within one year | 42/48 | €197,709 | €136,437 | -€61,273 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €5,731 | €5,731 | = | 0.0% |
| Trade debts | 44 | €162,882 | €110,068 | -€52,814 | -32.4% |
| Suppliers | 440/4 | €162,882 | €110,068 | -€52,814 | -32.4% |
| Taxes, remuneration and social security | 45 | €29,096 | €20,534 | -€8,562 | -29.4% |
| Taxes | 450/3 | €29,096 | €17,011 | -€12,085 | -41.5% |
| Remuneration and social security | 454/9 | - | €3,523 | +€3,523 | |
| Other amounts payable | 47/48 | - | €104 | +€104 | |
| Accrued charges and deferred income | 492/3 | - | €233,842 | +€233,842 | |
| Remuneration, social security and pensions | 62 | €189,028 | €248,818 | +€59,790 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,627 | €10,689 | +€62 | +0.6% |
| Other operating charges | 640/8 | €2,265 | €15,126 | +€12,862 | +568% |
| Gross operating margin | 9900 | €330,340 | €237,204 | -€93,137 | -28.2% |
| Operating profit (loss) | 9901 | €128,421 | -€37,429 | -€165,850 | |
| Financial income | 75/76B | €25 | €1 | -€24 | -95.8% |
| Recurring financial income | 75 | €25 | €1 | -€24 | -95.8% |
| Financial charges | 65/66B | €27,371 | €12,638 | -€14,733 | -53.8% |
| Recurring financial charges | 65 | €27,371 | €12,638 | -€14,733 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €101,075 | -€50,065 | -€151,141 | |
| Income taxes | 67/77 | €24,872 | €187 | -€24,684 | -99.2% |
| Profit (loss) for the period | 9904 | €76,204 | -€50,253 | -€126,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,204 | -€50,253 | -€126,456 |
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 16 October 2026 via checked.be.