Encon: 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.
What changed
Encon
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€177,427
2024 · -€4,621-€172,806
Equity
€1.6m
2024 · €1.8m-€177,427
Cash
€256,074
2024 · €525,250-€269,176
Balance sheet total
€8.8m
2024 · €9.5m-€763,452
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-38.1%), from €3.7m to €2.3m
of which Trade receivables: -€1.4m
- Intangible fixed assets +€1.1m
up €1.1m (+1775.1%), from €64,729 to €1.2m
- Tangible fixed assets -€508,168
down €508,168 (-11.7%), from €4.3m to €3.8m
of which Leasing and similar rights: -€394,053
- Cash -€269,176
down €269,176 (-51.2%), from €525,250 to €256,074
- Deferred charges and accrued income +€258,010
up €258,010 (+208.8%), from €123,548 to €381,558
Equity and liabilities
- Advances received -€724,864
down €724,864 (-25.6%), from €2.8m to €2.1m
- Other debts +€499,151
up €499,151 (+99.7%), from €500,563 to €999,714
- Tax, wage and social debts -€456,972
down €456,972 (-38.4%), from €1.2m to €733,562
of which Remuneration and social security: -€379,184
- Short-term financial debts +€334,864
new in 2025: €334,864
- Debts after one year -€233,645
down €233,645 (-10.4%), from €2.3m to €2.0m
Income statement
- Turnover +€4.7m
up €4.7m (+51.8%), from €9.1m to €13.8m
- Services and other goods +€819,380
up €819,380 (+20.6%), from €4.0m to €4.8m
- Staff costs +€685,782
up €685,782 (+10.9%), from €6.3m to €7.0m
- Goods and materials +€288,404
up €288,404 (+29.7%), from €971,372 to €1.3m
- Financial charges +€167,516
up €167,516 (+248.3%), from €67,460 to €234,976
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.
Result 2024
-€4,621
Turnover
+€4.7m
Other operating income
+€41,567
Goods and materials
-€288,404
Services and other goods
-€819,380
Staff costs
-€685,782
Depreciation
-€64,204
Write-downs
+€35,927
Other operating charges
-€31,447
Other operating items
-€2.9m
Financial income
+€903
Financial charges
-€167,516
Taxes
+€38,172
Result 2025
-€177,427
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,520,898 | €8,757,446 | -€763,452 | -8.0% |
| Formation expenses | 20 | - | €99,251 | +€99,251 | |
| Fixed assets | 21/28 | €4,464,570 | €5,097,286 | +€632,716 | +14.2% |
| Intangible fixed assets | 21 | €64,729 | €1,213,716 | +€1.1m | +1775.1% |
| Tangible fixed assets | 22/27 | €4,325,005 | €3,816,837 | -€508,168 | -11.7% |
| Plant, machinery and equipment | 23 | €6,163 | €1,929 | -€4,234 | -68.7% |
| Furniture and vehicles | 24 | €113,583 | €88,716 | -€24,867 | -21.9% |
| Leasing and similar rights | 25 | €3,512,123 | €3,118,070 | -€394,053 | -11.2% |
| Other tangible fixed assets | 26 | €693,136 | €608,122 | -€85,014 | -12.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €74,836 | €66,733 | -€8,103 | -10.8% |
| Affiliated companies | 280/1 | €64,243 | €64,243 | = | 0.0% |
| Participating interests | 280 | €64,243 | €64,243 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,593 | €2,490 | -€8,103 | -76.5% |
| Amounts receivable and cash guarantees | 285/8 | €10,593 | €2,490 | -€8,103 | -76.5% |
| Current assets | 29/58 | €5,056,328 | €3,560,909 | -€1.5m | -29.6% |
| Stocks and contracts in progress | 3 | €731,657 | €648,575 | -€83,082 | -11.4% |
| Contracts in progress | 37 | €731,657 | €648,575 | -€83,082 | -11.4% |
| Amounts receivable within one year | 40/41 | €3,675,873 | €2,274,702 | -€1.4m | -38.1% |
| Trade receivables | 40 | €3,602,744 | €2,227,212 | -€1.4m | -38.2% |
| Other amounts receivable | 41 | €73,129 | €47,490 | -€25,639 | -35.1% |
| Cash at bank and in hand | 54/58 | €525,250 | €256,074 | -€269,176 | -51.2% |
| Deferred charges and accrued income | 490/1 | €123,548 | €381,558 | +€258,010 | +208.8% |
| Total equity and liabilities | 10/49 | €9,520,898 | €8,757,446 | -€763,452 | -8.0% |
| Equity | 10/15 | €1,777,869 | €1,600,442 | -€177,427 | -10.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,716,369 | €1,538,942 | -€177,427 | -10.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,710,219 | €1,532,792 | -€177,427 | -10.4% |
| Amounts payable | 17/49 | €7,743,029 | €7,157,004 | -€586,025 | -7.6% |
| Amounts payable after more than one year | 17 | €2,254,598 | €2,020,953 | -€233,645 | -10.4% |
| Financial debts | 170/4 | €2,254,598 | €2,020,953 | -€233,645 | -10.4% |
| Leasing and similar obligations | 172 | €2,254,598 | €1,913,334 | -€341,264 | -15.1% |
| Credit institutions | 173 | - | €107,619 | +€107,619 | |
| Amounts payable within one year | 42/48 | €5,439,263 | €5,135,906 | -€303,357 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €324,738 | €375,438 | +€50,700 | +15.6% |
| Financial debts | 43 | - | €334,864 | +€334,864 | |
| Credit institutions | 430/8 | - | €334,864 | +€334,864 | |
| Trade debts | 44 | €596,749 | €590,513 | -€6,236 | -1.0% |
| Suppliers | 440/4 | €596,749 | €590,513 | -€6,236 | -1.0% |
| Advances received on contracts in progress | 46 | €2,826,679 | €2,101,815 | -€724,864 | -25.6% |
| Taxes, remuneration and social security | 45 | €1,190,534 | €733,562 | -€456,972 | -38.4% |
| Taxes | 450/3 | €358,161 | €280,373 | -€77,788 | -21.7% |
| Remuneration and social security | 454/9 | €832,373 | €453,189 | -€379,184 | -45.6% |
| Other amounts payable | 47/48 | €500,563 | €999,714 | +€499,151 | +99.7% |
| Accrued charges and deferred income | 492/3 | €49,168 | €145 | -€49,023 | -99.7% |
| Operating income | 70/76A | €12,003,370 | €13,827,664 | +€1.8m | +15.2% |
| Turnover | 70 | €9,071,372 | €13,770,707 | +€4.7m | +51.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,449,019 | -€547,436 | -€3.0m | |
| Own construction capitalised | 72 | - | €160,318 | +€160,318 | |
| Other operating income | 74 | €402,508 | €444,075 | +€41,567 | +10.3% |
| Non-recurring operating income | 76A | €80,471 | - | -€80,471 | |
| Operating charges | 60/66A | €11,885,991 | €13,754,650 | +€1.9m | +15.7% |
| Goods for resale, raw materials and consumables | 60 | €971,372 | €1,259,776 | +€288,404 | +29.7% |
| Purchases | 600/8 | €971,372 | €1,259,776 | +€288,404 | +29.7% |
| Services and other goods | 61 | €3,984,872 | €4,804,252 | +€819,380 | +20.6% |
| Remuneration, social security and pensions | 62 | €6,279,297 | €6,965,079 | +€685,782 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610,551 | €674,755 | +€64,204 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,861 | -€26,066 | -€35,927 | |
| Other operating charges | 640/8 | €30,038 | €61,485 | +€31,447 | +104.7% |
| Operating charges capitalised as restructuring costs | 649 | - | -€99,306 | -€99,306 | |
| Non-recurring operating charges | 66A | - | €114,675 | +€114,675 | |
| Operating profit (loss) | 9901 | €117,379 | €73,014 | -€44,365 | -37.8% |
| Financial income | 75/76B | €1,829 | €2,732 | +€903 | +49.4% |
| Recurring financial income | 75 | €1,829 | €2,732 | +€903 | +49.4% |
| Income from current assets | 751 | €1,829 | €415 | -€1,414 | -77.3% |
| Other financial income | 752/9 | - | €2,317 | +€2,317 | |
| Financial charges | 65/66B | €67,460 | €234,976 | +€167,516 | +248.3% |
| Recurring financial charges | 65 | €67,460 | €234,976 | +€167,516 | +248.3% |
| Debt charges | 650 | €58,265 | €222,101 | +€163,836 | +281.2% |
| Other financial charges | 652/9 | €9,195 | €12,875 | +€3,680 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €51,748 | -€159,230 | -€210,978 | |
| Income taxes | 67/77 | €56,369 | €18,197 | -€38,172 | -67.7% |
| Taxes | 670/3 | €56,369 | €18,197 | -€38,172 | -67.7% |
| Profit (loss) for the period | 9904 | -€4,621 | -€177,427 | -€172,806 | -3739.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,621 | -€177,427 | -€172,806 | -3739.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.