ENACHE: 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.
ENACHE
Largest movements
- Receivables within one year +€25,430
up €25,430 (+56.3%), from €45,201 to €70,631
of which Other amounts receivable: +€24,341
- Tangible fixed assets -€6,615
down €6,615 (-21.4%), from €30,909 to €24,294
- Other debts +€53,706
up €53,706 (+32.6%), from €164,493 to €218,199
- Profit (loss) carried forward -€36,807
down €36,807 (-114.1%), from -€32,247 to -€69,054
- Gross operating margin +€6,562
up €6,562 (+18.5%), from -€35,512 to -€28,950
- Depreciation +€5,300
up €5,300 (+403.1%), from €1,315 to €6,615
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 | €135,649 | €153,685 | +€18,037 | +13.3% |
| Fixed assets | 21/28 | €85,978 | €79,363 | -€6,615 | -7.7% |
| Tangible fixed assets | 22/27 | €30,909 | €24,294 | -€6,615 | -21.4% |
| Furniture and vehicles | 24 | €30,909 | €24,294 | -€6,615 | -21.4% |
| Financial fixed assets | 28 | €55,070 | €55,070 | = | 0.0% |
| Current assets | 29/58 | €49,670 | €74,322 | +€24,652 | +49.6% |
| Amounts receivable within one year | 40/41 | €45,201 | €70,631 | +€25,430 | +56.3% |
| Trade receivables | 40 | €0 | €1,089 | +€1,089 | |
| Other amounts receivable | 41 | €45,201 | €69,542 | +€24,341 | +53.9% |
| Cash at bank and in hand | 54/58 | €2,907 | €1,992 | -€915 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,563 | €1,699 | +€137 | +8.7% |
| Total equity and liabilities | 10/49 | €135,649 | €153,685 | +€18,037 | +13.3% |
| Equity | 10/15 | -€30,247 | -€67,054 | -€36,807 | -121.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,247 | -€69,054 | -€36,807 | -114.1% |
| Amounts payable | 17/49 | €165,895 | €220,739 | +€54,844 | +33.1% |
| Amounts payable within one year | 42/48 | €164,575 | €219,359 | +€54,784 | +33.3% |
| Trade debts | 44 | €42 | €997 | +€955 | +2273.0% |
| Suppliers | 440/4 | €42 | €997 | +€955 | +2273.0% |
| Taxes, remuneration and social security | 45 | €40 | €164 | +€124 | +309.4% |
| Taxes | 450/3 | €40 | €164 | +€124 | +309.4% |
| Other amounts payable | 47/48 | €164,493 | €218,199 | +€53,706 | +32.6% |
| Accrued charges and deferred income | 492/3 | €1,320 | €1,380 | +€60 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €6,615 | +€5,300 | +403.1% |
| Other operating charges | 640/8 | €832 | €939 | +€107 | +12.8% |
| Non-recurring operating charges | 66A | €20 | €0 | -€20 | -100.0% |
| Gross operating margin | 9900 | -€35,512 | -€28,950 | +€6,562 | +18.5% |
| Operating profit (loss) | 9901 | -€37,679 | -€36,504 | +€1,175 | +3.1% |
| Financial charges | 65/66B | €152 | €140 | -€12 | -8.2% |
| Recurring financial charges | 65 | €152 | €140 | -€12 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,831 | -€36,644 | +€1,187 | +3.1% |
| Income taxes | 67/77 | €147 | €164 | +€17 | +11.4% |
| Profit (loss) for the period | 9904 | -€37,978 | -€36,807 | +€1,171 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,978 | -€36,807 | +€1,171 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.