enactis: 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.
enactis
Largest movements
- Receivables within one year +€2.5m
up €2.5m (+167.4%), from €1.5m to €3.9m
of which Trade receivables: +€2.5m
- Intangible fixed assets -€199,727
down €199,727 (-100.0%), from €199,727 to €0
- Cash +€149,333
up €149,333 (+24.1%), from €619,080 to €768,413
mainly Other debts (+€1.8m) and Net result for the year (+€590,173)
- Other debts +€1.8m
up €1.8m (+293.8%), from €600,000 to €2.4m
- Reserves +€590,000
up €590,000 (+45.7%), from €1.3m to €1.9m
- Tax, wage and social debts +€155,510
up €155,510 (+167.8%), from €92,662 to €248,171
of which Taxes: +€81,288
- Trade debts -€132,694
down €132,694 (-64.2%), from €206,839 to €74,145
- Short-term financial debts +€50,438
new in 2025: €50,438
- Gross operating margin +€915,536
up €915,536 (+90.2%), from €1.0m to €1.9m
- Staff costs +€630,121
up €630,121 (+133.7%), from €471,323 to €1.1m
- Taxes +€73,596
up €73,596 (+58.7%), from €125,458 to €199,054
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 | €2,343,143 | €4,748,047 | +€2.4m | +102.6% |
| Fixed assets | 21/28 | €239,812 | €39,015 | -€200,797 | -83.7% |
| Intangible fixed assets | 21 | €199,727 | €0 | -€199,727 | -100.0% |
| Tangible fixed assets | 22/27 | €36,900 | €37,915 | +€1,015 | +2.8% |
| Plant, machinery and equipment | 23 | €9,090 | €2,017 | -€7,073 | -77.8% |
| Furniture and vehicles | 24 | €22,762 | €6,129 | -€16,633 | -73.1% |
| Other tangible fixed assets | 26 | €5,048 | €29,769 | +€24,721 | +489.7% |
| Financial fixed assets | 28 | €3,185 | €1,100 | -€2,085 | -65.5% |
| Current assets | 29/58 | €2,103,331 | €4,709,033 | +€2.6m | +123.9% |
| Amounts receivable within one year | 40/41 | €1,470,675 | €3,932,171 | +€2.5m | +167.4% |
| Trade receivables | 40 | €1,470,675 | €3,931,080 | +€2.5m | +167.3% |
| Other amounts receivable | 41 | €0 | €1,090 | +€1,090 | |
| Cash at bank and in hand | 54/58 | €619,080 | €768,413 | +€149,333 | +24.1% |
| Deferred charges and accrued income | 490/1 | €13,576 | €8,448 | -€5,128 | -37.8% |
| Total equity and liabilities | 10/49 | €2,343,143 | €4,748,047 | +€2.4m | +102.6% |
| Equity | 10/15 | €1,308,774 | €1,898,947 | +€590,173 | +45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,290,000 | €1,880,000 | +€590,000 | +45.7% |
| Distributable reserves | 133 | €1,290,000 | €1,880,000 | +€590,000 | +45.7% |
| Profit (loss) carried forward | 14 | €174 | €347 | +€173 | +99.9% |
| Amounts payable | 17/49 | €1,034,369 | €2,849,100 | +€1.8m | +175.4% |
| Amounts payable after more than one year | 17 | €78,204 | €53,683 | -€24,520 | -31.4% |
| Financial debts | 170/4 | €78,204 | €53,683 | -€24,520 | -31.4% |
| Amounts payable within one year | 42/48 | €921,297 | €2,760,267 | +€1.8m | +199.6% |
| Current portion of amounts payable after more than one year | 42 | €21,796 | €24,520 | +€2,724 | +12.5% |
| Financial debts | 43 | - | €50,438 | +€50,438 | |
| Other loans | 439 | - | €50,438 | +€50,438 | |
| Trade debts | 44 | €206,839 | €74,145 | -€132,694 | -64.2% |
| Suppliers | 440/4 | €206,839 | €74,145 | -€132,694 | -64.2% |
| Taxes, remuneration and social security | 45 | €92,662 | €248,171 | +€155,510 | +167.8% |
| Taxes | 450/3 | €37,143 | €118,431 | +€81,288 | +218.8% |
| Remuneration and social security | 454/9 | €55,518 | €129,740 | +€74,222 | +133.7% |
| Other amounts payable | 47/48 | €600,000 | €2,362,993 | +€1.8m | +293.8% |
| Accrued charges and deferred income | 492/3 | €34,869 | €35,150 | +€281 | +0.8% |
| Non-recurring operating income | 76A | €14,759 | €12,719 | -€2,041 | -13.8% |
| Remuneration, social security and pensions | 62 | €471,323 | €1,101,444 | +€630,121 | +133.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,745 | €28,354 | -€391 | -1.4% |
| Other operating charges | 640/8 | €4,642 | €4,112 | -€530 | -11.4% |
| Gross operating margin | 9900 | €1,015,111 | €1,930,647 | +€915,536 | +90.2% |
| Operating profit (loss) | 9901 | €510,400 | €796,737 | +€286,337 | +56.1% |
| Financial income | 75/76B | €0 | €1,110 | +€1,110 | |
| Recurring financial income | 75 | €0 | €1,110 | +€1,110 | |
| Financial charges | 65/66B | €1,660 | €8,621 | +€6,961 | +419.3% |
| Recurring financial charges | 65 | €1,660 | €8,621 | +€6,961 | +419.3% |
| Profit (loss) for the period before taxes | 9903 | €508,740 | €789,227 | +€280,487 | +55.1% |
| Income taxes | 67/77 | €125,458 | €199,054 | +€73,596 | +58.7% |
| Profit (loss) for the period | 9904 | €383,282 | €590,173 | +€206,891 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €383,282 | €590,173 | +€206,891 | +54.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.