ENCOMED: 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.
ENCOMED
Largest movements
- Tangible fixed assets +€64,469
up €64,469 (+3195.4%), from €2,018 to €66,486
of which Leasing and similar rights: +€65,460
- Receivables within one year -€63,432
down €63,432 (-44.4%), from €142,801 to €79,369
of which Other amounts receivable: -€39,293
- Deferred charges and accrued income -€2,021
down €2,021 (-53.5%), from €3,775 to €1,754
- Reserves -€62,799
down €62,799 (-52.9%), from €118,606 to €55,807
- Debts after one year +€50,981
new in 2024: €50,981
- Current portion of long-term debt +€12,774
new in 2024: €12,774
- Tax, wage and social debts -€2,635
down €2,635 (-9.0%), from €29,263 to €26,628
of which Taxes: -€2,635
- Depreciation +€6,774
up €6,774 (+406.3%), from €1,667 to €8,441
- Other operating charges +€4,822
up €4,822 (+823.5%), from €586 to €5,407
- Gross operating margin -€4,096
down €4,096 (-6.0%), from €68,022 to €63,926
- Taxes -€2,430
down €2,430 (-18.2%), from €13,375 to €10,945
- Financial charges +€1,576
up €1,576 (+442.0%), from €357 to €1,933
of which Financial charges: +€1,402
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,503 | €167,773 | -€731 | -0.4% |
| Fixed assets | 21/28 | €2,063 | €66,531 | +€64,469 | +3125.7% |
| Tangible fixed assets | 22/27 | €2,018 | €66,486 | +€64,469 | +3195.4% |
| Plant, machinery and equipment | 23 | €1,324 | €1,027 | -€298 | -22.5% |
| Furniture and vehicles | 24 | €693 | - | -€693 | |
| Leasing and similar rights | 25 | - | €65,460 | +€65,460 | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €166,441 | €101,241 | -€65,200 | -39.2% |
| Amounts receivable within one year | 40/41 | €142,801 | €79,369 | -€63,432 | -44.4% |
| Trade receivables | 40 | €36,712 | €12,573 | -€24,139 | -65.8% |
| Other amounts receivable | 41 | €106,089 | €66,796 | -€39,293 | -37.0% |
| Cash at bank and in hand | 54/58 | €19,866 | €20,119 | +€253 | +1.3% |
| Deferred charges and accrued income | 490/1 | €3,775 | €1,754 | -€2,021 | -53.5% |
| Total equity and liabilities | 10/49 | €168,503 | €167,773 | -€731 | -0.4% |
| Equity | 10/15 | €121,606 | €58,807 | -€62,799 | -51.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €118,606 | €55,807 | -€62,799 | -52.9% |
| Distributable reserves | 133 | €118,606 | €55,807 | -€62,799 | -52.9% |
| Amounts payable | 17/49 | €46,897 | €108,966 | +€62,069 | +132.3% |
| Amounts payable after more than one year | 17 | - | €50,981 | +€50,981 | |
| Financial debts | 170/4 | - | €50,981 | +€50,981 | |
| Amounts payable within one year | 42/48 | €34,660 | €45,747 | +€11,087 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,774 | +€12,774 | |
| Trade debts | 44 | €5,397 | €6,345 | +€948 | +17.6% |
| Suppliers | 440/4 | €5,397 | €6,345 | +€948 | +17.6% |
| Taxes, remuneration and social security | 45 | €29,263 | €26,628 | -€2,635 | -9.0% |
| Taxes | 450/3 | €26,763 | €24,128 | -€2,635 | -9.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,237 | €12,237 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €8,441 | +€6,774 | +406.3% |
| Other operating charges | 640/8 | €586 | €5,407 | +€4,822 | +823.5% |
| Gross operating margin | 9900 | €68,022 | €63,926 | -€4,096 | -6.0% |
| Operating profit (loss) | 9901 | €65,769 | €50,078 | -€15,692 | -23.9% |
| Financial charges | 65/66B | €357 | €1,933 | +€1,576 | +442.0% |
| Recurring financial charges | 65 | €357 | €1,758 | +€1,402 | +393.2% |
| Non-recurring financial charges | 66B | - | €174 | +€174 | |
| Profit (loss) for the period before taxes | 9903 | €65,413 | €48,145 | -€17,268 | -26.4% |
| Income taxes | 67/77 | €13,375 | €10,945 | -€2,430 | -18.2% |
| Profit (loss) for the period | 9904 | €52,038 | €37,201 | -€14,837 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,038 | €37,201 | -€14,837 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.