Enact Advisory: 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.
Enact Advisory
Largest movements
- Current investments +€43,025
up €43,025 (+59.0%), from €72,972 to €115,997
- Tangible fixed assets -€3,800
down €3,800 (-44.2%), from €8,595 to €4,795
of which Furniture and vehicles: -€2,594
- Receivables within one year +€3,741
up €3,741 (+11.5%), from €32,461 to €36,203
of which Trade receivables: +€6,653
- Cash +€3,449
up €3,449 (+58.0%), from €5,951 to €9,399
mainly Net result for the year (+€40,995) and Tax, wage and social debts (+€7,024)
- Deferred charges and accrued income +€2,856
up €2,856 (+85.2%), from €3,352 to €6,208
- Reserves +€40,995
up €40,995 (+35.3%), from €116,145 to €157,140
- Tax, wage and social debts +€7,024
new in 2025: €7,024
- Short-term financial debts +€2,822
new in 2025: €2,822
- Other debts -€1,770
down €1,770 (-27.5%), from €6,447 to €4,676
- Gross operating margin -€27,545
down €27,545 (-32.2%), from €85,494 to €57,949
- Financial charges -€12,356
down €12,356, from €8,403 to -€3,953
- Taxes -€2,472
down €2,472 (-14.2%), from €17,427 to €14,955
- Depreciation -€1,653
down €1,653 (-22.2%), from €7,434 to €5,781
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 | €123,331 | €172,601 | +€49,271 | +39.9% |
| Fixed assets | 21/28 | €8,595 | €4,795 | -€3,800 | -44.2% |
| Tangible fixed assets | 22/27 | €8,595 | €4,795 | -€3,800 | -44.2% |
| Plant, machinery and equipment | 23 | €1,511 | €305 | -€1,205 | -79.8% |
| Furniture and vehicles | 24 | €7,084 | €4,490 | -€2,594 | -36.6% |
| Current assets | 29/58 | €114,736 | €167,806 | +€53,070 | +46.3% |
| Amounts receivable within one year | 40/41 | €32,461 | €36,203 | +€3,741 | +11.5% |
| Trade receivables | 40 | €23,175 | €29,828 | +€6,653 | +28.7% |
| Other amounts receivable | 41 | €9,287 | €6,375 | -€2,912 | -31.4% |
| Current investments | 50/53 | €72,972 | €115,997 | +€43,025 | +59.0% |
| Cash at bank and in hand | 54/58 | €5,951 | €9,399 | +€3,449 | +58.0% |
| Deferred charges and accrued income | 490/1 | €3,352 | €6,208 | +€2,856 | +85.2% |
| Total equity and liabilities | 10/49 | €123,331 | €172,601 | +€49,271 | +39.9% |
| Equity | 10/15 | €116,146 | €157,141 | +€40,995 | +35.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €116,145 | €157,140 | +€40,995 | +35.3% |
| Distributable reserves | 133 | €116,145 | €157,140 | +€40,995 | +35.3% |
| Amounts payable | 17/49 | €7,185 | €15,460 | +€8,275 | +115% |
| Amounts payable within one year | 42/48 | €7,185 | €15,460 | +€8,275 | +115% |
| Financial debts | 43 | - | €2,822 | +€2,822 | |
| Credit institutions | 430/8 | - | €2,822 | +€2,822 | |
| Trade debts | 44 | €738 | €938 | +€200 | +27.0% |
| Suppliers | 440/4 | €738 | €938 | +€200 | +27.0% |
| Taxes, remuneration and social security | 45 | - | €7,024 | +€7,024 | |
| Taxes | 450/3 | - | €7,024 | +€7,024 | |
| Other amounts payable | 47/48 | €6,447 | €4,676 | -€1,770 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,434 | €5,781 | -€1,653 | -22.2% |
| Other operating charges | 640/8 | €118 | €485 | +€367 | +311% |
| Gross operating margin | 9900 | €85,494 | €57,949 | -€27,545 | -32.2% |
| Operating profit (loss) | 9901 | €77,942 | €51,683 | -€26,259 | -33.7% |
| Financial income | 75/76B | €642 | €315 | -€327 | -50.9% |
| Recurring financial income | 75 | €642 | €315 | -€327 | -50.9% |
| Financial charges | 65/66B | €8,403 | -€3,953 | -€12,356 | |
| Recurring financial charges | 65 | €8,403 | -€3,953 | -€12,356 | |
| Profit (loss) for the period before taxes | 9903 | €70,181 | €55,951 | -€14,231 | -20.3% |
| Income taxes | 67/77 | €17,427 | €14,955 | -€2,472 | -14.2% |
| Profit (loss) for the period | 9904 | €52,754 | €40,995 | -€11,759 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,754 | €40,995 | -€11,759 | -22.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.