ENCHANTER: 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.
ENCHANTER
Largest movements
- Cash +€11,070
up €11,070 (+47.6%), from €23,238 to €34,308
mainly Other debts (+€59,347) and Net result for the year (+€18,393)
- Deferred charges and accrued income -€1,486
down €1,486 (-42.3%), from €3,508 to €2,022
- Tangible fixed assets -€1,400
down €1,400 (-4.5%), from €31,372 to €29,972
of which Leasing and similar rights: -€9,915
- Receivables within one year -€1,103
down €1,103 (-5.3%), from €20,726 to €19,622
of which Other amounts receivable: -€1,584
- Other debts +€59,347
up €59,347 (+2831.9%), from €2,096 to €61,442
- Reserves -€40,940
down €40,940 (-100.0%), from €40,940 to €0
- Debts after one year -€8,597
down €8,597 (-52.4%), from €16,400 to €7,803
- Current portion of long-term debt -€3,070
down €3,070 (-22.4%), from €13,686 to €10,616
- Tax, wage and social debts +€1,762
up €1,762 (+24.7%), from €7,148 to €8,911
- Gross operating margin +€34,029
up €34,029 (+558.1%), from €6,097 to €40,127
- Depreciation +€3,551
up €3,551 (+29.7%), from €11,951 to €15,502
- Taxes +€3,538
up €3,538 (+2764.4%), from €128 to €3,666
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 | €92,068 | €100,150 | +€8,082 | +8.8% |
| Fixed assets | 21/28 | €34,597 | €33,197 | -€1,400 | -4.0% |
| Tangible fixed assets | 22/27 | €31,372 | €29,972 | -€1,400 | -4.5% |
| Plant, machinery and equipment | 23 | €1,756 | €4,032 | +€2,276 | +129.6% |
| Furniture and vehicles | 24 | €1,647 | €4,732 | +€3,086 | +187.4% |
| Leasing and similar rights | 25 | €17,015 | €7,099 | -€9,915 | -58.3% |
| Other tangible fixed assets | 26 | €10,954 | €14,109 | +€3,154 | +28.8% |
| Financial fixed assets | 28 | €3,225 | €3,225 | = | 0.0% |
| Current assets | 29/58 | €57,472 | €66,953 | +€9,482 | +16.5% |
| Amounts receivable within one year | 40/41 | €20,726 | €19,622 | -€1,103 | -5.3% |
| Trade receivables | 40 | €15,726 | €16,207 | +€481 | +3.1% |
| Other amounts receivable | 41 | €5,000 | €3,416 | -€1,584 | -31.7% |
| Current investments | 50/53 | €10,000 | €11,000 | +€1,000 | +10.0% |
| Cash at bank and in hand | 54/58 | €23,238 | €34,308 | +€11,070 | +47.6% |
| Deferred charges and accrued income | 490/1 | €3,508 | €2,022 | -€1,486 | -42.3% |
| Total equity and liabilities | 10/49 | €92,068 | €100,150 | +€8,082 | +8.8% |
| Equity | 10/15 | €46,940 | €6,000 | -€40,940 | -87.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €40,940 | €0 | -€40,940 | -100.0% |
| Distributable reserves | 133 | €40,940 | €0 | -€40,940 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,129 | €94,150 | +€49,022 | +108.6% |
| Amounts payable after more than one year | 17 | €16,400 | €7,803 | -€8,597 | -52.4% |
| Financial debts | 170/4 | €16,400 | €7,803 | -€8,597 | -52.4% |
| Amounts payable within one year | 42/48 | €28,562 | €86,160 | +€57,599 | +201.7% |
| Current portion of amounts payable after more than one year | 42 | €13,686 | €10,616 | -€3,070 | -22.4% |
| Trade debts | 44 | €5,631 | €5,191 | -€440 | -7.8% |
| Suppliers | 440/4 | €5,631 | €5,191 | -€440 | -7.8% |
| Taxes, remuneration and social security | 45 | €7,148 | €8,911 | +€1,762 | +24.7% |
| Taxes | 450/3 | €7,148 | €8,911 | +€1,762 | +24.7% |
| Other amounts payable | 47/48 | €2,096 | €61,442 | +€59,347 | +2831.9% |
| Accrued charges and deferred income | 492/3 | €167 | €187 | +€20 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,951 | €15,502 | +€3,551 | +29.7% |
| Other operating charges | 640/8 | €1,750 | €1,718 | -€32 | -1.8% |
| Gross operating margin | 9900 | €6,097 | €40,127 | +€34,029 | +558.1% |
| Operating profit (loss) | 9901 | -€7,604 | €22,907 | +€30,511 | |
| Financial income | 75/76B | €342 | €464 | +€122 | +35.7% |
| Recurring financial income | 75 | €342 | €464 | +€122 | +35.7% |
| Financial charges | 65/66B | €1,034 | €1,312 | +€278 | +26.9% |
| Recurring financial charges | 65 | €1,034 | €1,312 | +€278 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,296 | €22,059 | +€30,355 | |
| Income taxes | 67/77 | €128 | €3,666 | +€3,538 | +2764.4% |
| Profit (loss) for the period | 9904 | -€8,424 | €18,393 | +€26,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,424 | €18,393 | +€26,816 |
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 6 October 2026 via checked.be.