Enchères Directes: 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.
Enchères Directes
Largest movements
- Receivables within one year -€19,246
down €19,246 (-52.7%), from €36,502 to €17,257
of which Trade receivables: -€19,246
- Tangible fixed assets -€6,638
down €6,638 (-19.7%), from €33,685 to €27,047
of which Furniture and vehicles: -€3,416
- Intangible fixed assets -€5,857
down €5,857 (-27.5%), from €21,263 to €15,406
- Profit (loss) carried forward -€23,072
down €23,072, from €8,522 to -€14,550
- Trade debts -€14,819
down €14,819 (-64.7%), from €22,891 to €8,072
- Reserves +€8,000
up €8,000 (+50.0%), from €16,000 to €24,000
- Debts after one year -€5,481
no longer reported in 2025 (was €5,481)
- Other debts +€3,701
up €3,701 (+45.3%), from €8,178 to €11,879
- Purchases and services +€75,997
new in 2025: €75,997
- Gross operating margin -€27,431
down €27,431, from €26,062 to -€1,369
- Taxes -€2,872
down €2,872 (-98.1%), from €2,929 to €56
- Other operating charges -€1,744
down €1,744 (-93.8%), from €1,860 to €116
- Financial income +€440
up €440 (+839%), from €52 to €493
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 | €104,012 | €73,535 | -€30,477 | -29.3% |
| Fixed assets | 21/28 | €54,948 | €42,453 | -€12,495 | -22.7% |
| Intangible fixed assets | 21 | €21,263 | €15,406 | -€5,857 | -27.5% |
| Tangible fixed assets | 22/27 | €33,685 | €27,047 | -€6,638 | -19.7% |
| Furniture and vehicles | 24 | €12,511 | €9,095 | -€3,416 | -27.3% |
| Other tangible fixed assets | 26 | €21,174 | €17,952 | -€3,222 | -15.2% |
| Current assets | 29/58 | €49,064 | €31,082 | -€17,983 | -36.7% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,502 | €17,257 | -€19,246 | -52.7% |
| Trade receivables | 40 | €34,738 | €15,493 | -€19,246 | -55.4% |
| Other amounts receivable | 41 | €1,764 | €1,764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,131 | €7,001 | +€870 | +14.2% |
| Deferred charges and accrued income | 490/1 | €431 | €824 | +€393 | +91.3% |
| Total equity and liabilities | 10/49 | €104,012 | €73,535 | -€30,477 | -29.3% |
| Equity | 10/15 | €49,522 | €34,450 | -€15,072 | -30.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €24,000 | +€8,000 | +50.0% |
| Distributable reserves | 133 | €16,000 | €24,000 | +€8,000 | +50.0% |
| Profit (loss) carried forward | 14 | €8,522 | -€14,550 | -€23,072 | |
| Amounts payable | 17/49 | €54,490 | €39,085 | -€15,406 | -28.3% |
| Amounts payable after more than one year | 17 | €5,481 | - | -€5,481 | |
| Financial debts | 170/4 | €5,481 | - | -€5,481 | |
| Amounts payable within one year | 42/48 | €45,944 | €37,705 | -€8,239 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €4,985 | €5,481 | +€496 | +10.0% |
| Trade debts | 44 | €22,891 | €8,072 | -€14,819 | -64.7% |
| Suppliers | 440/4 | €22,891 | €8,072 | -€14,819 | -64.7% |
| Taxes, remuneration and social security | 45 | €9,889 | €12,272 | +€2,383 | +24.1% |
| Taxes | 450/3 | €9,889 | €6,032 | -€3,857 | -39.0% |
| Remuneration and social security | 454/9 | - | €6,240 | +€6,240 | |
| Other amounts payable | 47/48 | €8,178 | €11,879 | +€3,701 | +45.3% |
| Accrued charges and deferred income | 492/3 | €3,066 | €1,380 | -€1,686 | -55.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €75,997 | +€75,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,152 | €12,495 | +€343 | +2.8% |
| Other operating charges | 640/8 | €1,860 | €116 | -€1,744 | -93.8% |
| Gross operating margin | 9900 | €26,062 | -€1,369 | -€27,431 | |
| Operating profit (loss) | 9901 | €12,050 | -€13,979 | -€26,030 | |
| Financial income | 75/76B | €52 | €493 | +€440 | +839% |
| Recurring financial income | 75 | €52 | €493 | +€440 | +839% |
| Financial charges | 65/66B | €1,593 | €1,529 | -€64 | -4.0% |
| Recurring financial charges | 65 | €1,593 | €1,529 | -€64 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €10,510 | -€15,015 | -€25,525 | |
| Income taxes | 67/77 | €2,929 | €56 | -€2,872 | -98.1% |
| Profit (loss) for the period | 9904 | €7,581 | -€15,072 | -€22,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,581 | -€15,072 | -€22,653 |
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 13 October 2026 via checked.be.