enactim: 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.
enactim
Largest movements
- Cash -€59,509
down €59,509 (-74.5%), from €79,837 to €20,328
mainly Investment in fixed assets (net) (-€68,428) and Current portion of long-term debt (-€31,428)
- Tangible fixed assets +€55,598
up €55,598 (+13.2%), from €419,827 to €475,425
- Reserves +€48,000
up €48,000 (+23.6%), from €203,300 to €251,300
of which Distributable reserves: +€48,000
- Current portion of long-term debt -€31,428
down €31,428 (-61.3%), from €51,311 to €19,882
- Debts after one year -€19,882
down €19,882 (-11.0%), from €181,127 to €161,244
- Trade debts -€6,869
down €6,869 (-80.2%), from €8,568 to €1,699
- Tax, wage and social debts +€6,054
up €6,054, from €0 to €6,054
- Gross operating margin +€18,175
up €18,175 (+25.1%), from €72,305 to €90,480
- Taxes +€7,839
up €7,839 (+63.6%), from €12,323 to €20,162
- Depreciation -€2,824
down €2,824 (-18.0%), from €15,654 to €12,830
- Financial charges +€2,773
up €2,773 (+56.6%), from €4,904 to €7,677
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 | €505,736 | €498,419 | -€7,317 | -1.4% |
| Fixed assets | 21/28 | €419,827 | €475,425 | +€55,598 | +13.2% |
| Tangible fixed assets | 22/27 | €419,827 | €475,425 | +€55,598 | +13.2% |
| Land and buildings | 22 | €419,827 | €475,425 | +€55,598 | +13.2% |
| Current assets | 29/58 | €85,909 | €22,995 | -€62,915 | -73.2% |
| Amounts receivable within one year | 40/41 | €6,072 | €1,874 | -€4,198 | -69.1% |
| Trade receivables | 40 | €788 | €0 | -€788 | -100.0% |
| Other amounts receivable | 41 | €5,284 | €1,874 | -€3,410 | -64.5% |
| Cash at bank and in hand | 54/58 | €79,837 | €20,328 | -€59,509 | -74.5% |
| Deferred charges and accrued income | 490/1 | - | €792 | +€792 | |
| Total equity and liabilities | 10/49 | €505,736 | €498,419 | -€7,317 | -1.4% |
| Equity | 10/15 | €223,705 | €271,832 | +€48,128 | +21.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €203,300 | €251,300 | +€48,000 | +23.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €203,300 | €251,300 | +€48,000 | +23.6% |
| Profit (loss) carried forward | 14 | €405 | €532 | +€128 | +31.6% |
| Amounts payable | 17/49 | €282,031 | €226,587 | -€55,444 | -19.7% |
| Amounts payable after more than one year | 17 | €181,127 | €161,244 | -€19,882 | -11.0% |
| Financial debts | 170/4 | €181,127 | €161,244 | -€19,882 | -11.0% |
| Amounts payable within one year | 42/48 | €89,878 | €57,779 | -€32,099 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €51,311 | €19,882 | -€31,428 | -61.3% |
| Trade debts | 44 | €8,568 | €1,699 | -€6,869 | -80.2% |
| Suppliers | 440/4 | €8,568 | €1,699 | -€6,869 | -80.2% |
| Taxes, remuneration and social security | 45 | €0 | €6,054 | +€6,054 | |
| Taxes | 450/3 | €0 | €6,054 | +€6,054 | |
| Other amounts payable | 47/48 | €30,000 | €30,144 | +€144 | +0.5% |
| Accrued charges and deferred income | 492/3 | €11,026 | €7,564 | -€3,462 | -31.4% |
| Non-recurring operating income | 76A | €3,665 | €3,665 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,654 | €12,830 | -€2,824 | -18.0% |
| Other operating charges | 640/8 | €1,987 | €2,044 | +€57 | +2.9% |
| Gross operating margin | 9900 | €72,305 | €90,480 | +€18,175 | +25.1% |
| Operating profit (loss) | 9901 | €54,664 | €75,606 | +€20,942 | +38.3% |
| Financial income | 75/76B | €152 | €360 | +€208 | +136.4% |
| Recurring financial income | 75 | €152 | €360 | +€208 | +136.4% |
| Financial charges | 65/66B | €4,904 | €7,677 | +€2,773 | +56.6% |
| Recurring financial charges | 65 | €4,904 | €7,677 | +€2,773 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €49,913 | €68,289 | +€18,376 | +36.8% |
| Income taxes | 67/77 | €12,323 | €20,162 | +€7,839 | +63.6% |
| Profit (loss) for the period | 9904 | €37,590 | €48,128 | +€10,538 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,590 | €48,128 | +€10,538 | +28.0% |
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 11 October 2026 via checked.be.