ENCHANTÉ: 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.
ENCHANTÉ
Largest movements
- Cash -€128,341
down €128,341 (-39.4%), from €326,006 to €197,665
mainly Accrued charges and deferred income (-€150,970) and Deferred charges and accrued income (-€29,459)
- Receivables within one year -€62,768
down €62,768 (-19.2%), from €327,254 to €264,485
of which Other amounts receivable: -€70,341
- Deferred charges and accrued income +€29,459
up €29,459 (+215%), from €13,707 to €43,166
- Accrued charges and deferred income -€150,970
down €150,970 (-31.5%), from €479,972 to €329,003
- Profit (loss) carried forward -€21,789
down €21,789 (-29.7%), from €73,339 to €51,550
- Tax, wage and social debts +€15,861
up €15,861 (+27.6%), from €57,436 to €73,297
of which Remuneration and social security: +€14,172
- Trade debts -€10,806
down €10,806 (-50.4%), from €21,434 to €10,628
- Gross operating margin +€67,530
up €67,530 (+17.0%), from €396,749 to €464,279
- Staff costs +€44,769
up €44,769 (+10.9%), from €409,865 to €454,634
- Write-downs +€15,000
new in 2025: €15,000
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 | €716,676 | €549,880 | -€166,797 | -23.3% |
| Fixed assets | 21/28 | €42,832 | €34,707 | -€8,126 | -19.0% |
| Intangible fixed assets | 21 | €20,466 | €18,066 | -€2,400 | -11.7% |
| Tangible fixed assets | 22/27 | €6,867 | €5,141 | -€1,726 | -25.1% |
| Plant, machinery and equipment | 23 | - | €1,443 | +€1,443 | |
| Furniture and vehicles | 24 | €6,867 | €3,697 | -€3,169 | -46.2% |
| Financial fixed assets | 28 | €15,500 | €11,500 | -€4,000 | -25.8% |
| Current assets | 29/58 | €673,844 | €515,173 | -€158,671 | -23.5% |
| Stocks and contracts in progress | 3 | €6,877 | €9,857 | +€2,980 | +43.3% |
| Stocks | 30/36 | €6,877 | €9,857 | +€2,980 | +43.3% |
| Amounts receivable within one year | 40/41 | €327,254 | €264,485 | -€62,768 | -19.2% |
| Trade receivables | 40 | €12,136 | €19,708 | +€7,572 | +62.4% |
| Other amounts receivable | 41 | €315,118 | €244,777 | -€70,341 | -22.3% |
| Cash at bank and in hand | 54/58 | €326,006 | €197,665 | -€128,341 | -39.4% |
| Deferred charges and accrued income | 490/1 | €13,707 | €43,166 | +€29,459 | +215% |
| Total equity and liabilities | 10/49 | €716,676 | €549,880 | -€166,797 | -23.3% |
| Equity | 10/15 | €157,834 | €136,045 | -€21,789 | -13.8% |
| Reserves | 13 | €84,495 | €84,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,339 | €51,550 | -€21,789 | -29.7% |
| Amounts payable | 17/49 | €558,843 | €413,835 | -€145,008 | -25.9% |
| Amounts payable within one year | 42/48 | €78,870 | €84,832 | +€5,962 | +7.6% |
| Financial debts | 43 | - | €907 | +€907 | |
| Credit institutions | 430/8 | - | €907 | +€907 | |
| Trade debts | 44 | €21,434 | €10,628 | -€10,806 | -50.4% |
| Suppliers | 440/4 | €21,434 | €10,628 | -€10,806 | -50.4% |
| Taxes, remuneration and social security | 45 | €57,436 | €73,297 | +€15,861 | +27.6% |
| Taxes | 450/3 | €10,456 | €12,145 | +€1,689 | +16.2% |
| Remuneration and social security | 454/9 | €46,980 | €61,151 | +€14,172 | +30.2% |
| Accrued charges and deferred income | 492/3 | €479,972 | €329,003 | -€150,970 | -31.5% |
| Remuneration, social security and pensions | 62 | €409,865 | €454,634 | +€44,769 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,793 | €16,257 | +€1,464 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €177 | - | -€177 | |
| Gross operating margin | 9900 | €396,749 | €464,279 | +€67,530 | +17.0% |
| Operating profit (loss) | 9901 | -€28,085 | -€21,612 | +€6,473 | +23.0% |
| Financial income | 75/76B | €0 | €269 | +€269 | +191,914% |
| Recurring financial income | 75 | €0 | €269 | +€269 | +191,914% |
| Financial charges | 65/66B | €483 | €446 | -€38 | -7.8% |
| Recurring financial charges | 65 | €483 | €446 | -€38 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,568 | -€21,789 | +€6,780 | +23.7% |
| Profit (loss) for the period | 9904 | -€28,568 | -€21,789 | +€6,780 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,568 | -€21,789 | +€6,780 | +23.7% |
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 18 October 2026 via checked.be.