EnC PROJECTS: 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.
EnC PROJECTS
Largest movements
- Receivables after one year -€6,240
down €6,240 (-25.0%), from €24,967 to €18,727
- Receivables within one year -€4,047
down €4,047 (-62.2%), from €6,506 to €2,459
of which Trade receivables: -€5,110
- Cash +€3,407
new in 2025: €3,407
mainly Receivables after one year (+€6,240) and Receivables within one year (+€4,047)
- Tangible fixed assets -€667
down €667 (-36.6%), from €1,823 to €1,156
of which Furniture and vehicles: -€426
- Deferred charges and accrued income +€380
up €380 (+152.4%), from €249 to €629
- Profit (loss) carried forward -€5,792
down €5,792 (-24.0%), from €24,084 to €18,292
- Trade debts -€1,300
down €1,300 (-98.0%), from €1,326 to €26
- Depreciation -€472
down €472 (-41.5%), from €1,139 to €667
- Gross operating margin -€370
down €370 (-9.4%), from -€3,929 to -€4,299
- Other operating charges -€50
down €50 (-6.7%), from €747 to €698
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 | €33,546 | €26,378 | -€7,167 | -21.4% |
| Fixed assets | 21/28 | €1,823 | €1,156 | -€667 | -36.6% |
| Tangible fixed assets | 22/27 | €1,823 | €1,156 | -€667 | -36.6% |
| Land and buildings | 22 | €1,360 | €1,119 | -€241 | -17.7% |
| Furniture and vehicles | 24 | €463 | €37 | -€426 | -92.0% |
| Current assets | 29/58 | €31,723 | €25,222 | -€6,501 | -20.5% |
| Amounts receivable after more than one year | 29 | €24,967 | €18,727 | -€6,240 | -25.0% |
| Other amounts receivable | 291 | €24,967 | €18,727 | -€6,240 | -25.0% |
| Amounts receivable within one year | 40/41 | €6,506 | €2,459 | -€4,047 | -62.2% |
| Trade receivables | 40 | €5,914 | €804 | -€5,110 | -86.4% |
| Other amounts receivable | 41 | €592 | €1,655 | +€1,063 | +179.5% |
| Cash at bank and in hand | 54/58 | - | €3,407 | +€3,407 | |
| Deferred charges and accrued income | 490/1 | €249 | €629 | +€380 | +152.4% |
| Total equity and liabilities | 10/49 | €33,546 | €26,378 | -€7,167 | -21.4% |
| Equity | 10/15 | €32,144 | €26,352 | -€5,792 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,084 | €18,292 | -€5,792 | -24.0% |
| Amounts payable | 17/49 | €1,402 | €26 | -€1,376 | -98.1% |
| Amounts payable within one year | 42/48 | €1,402 | €26 | -€1,376 | -98.1% |
| Financial debts | 43 | €76 | - | -€76 | |
| Credit institutions | 430/8 | €76 | - | -€76 | |
| Trade debts | 44 | €1,326 | €26 | -€1,300 | -98.0% |
| Suppliers | 440/4 | €1,326 | €26 | -€1,300 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,139 | €667 | -€472 | -41.5% |
| Other operating charges | 640/8 | €747 | €698 | -€50 | -6.7% |
| Gross operating margin | 9900 | -€3,929 | -€4,299 | -€370 | -9.4% |
| Operating profit (loss) | 9901 | -€5,815 | -€5,663 | +€152 | +2.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €165 | €129 | -€36 | -21.9% |
| Recurring financial charges | 65 | €165 | €129 | -€36 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,978 | -€5,792 | +€186 | +3.1% |
| Profit (loss) for the period | 9904 | -€5,978 | -€5,792 | +€186 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,978 | -€5,792 | +€186 | +3.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.