ENCOR-DESIGNS: 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.
ENCOR-DESIGNS
Largest movements
- Cash -€139,449
down €139,449 (-36.7%), from €380,121 to €240,672
mainly Contributions, distributions and other (-€380,000) and Net result for the year (-€1,277)
- Tangible fixed assets -€18,206
down €18,206 (-32.7%), from €55,649 to €37,444
of which Furniture and vehicles: -€18,004
- Profit (loss) carried forward -€381,277
down €381,277 (-94.7%), from €402,708 to €21,431
- Other debts +€221,000
up €221,000 (+433%), from €51,000 to €272,000
- Financial income +€25,000
new in 2025: €25,000
- Gross operating margin +€5,883
up €5,883 (+45.3%), from -€12,977 to -€7,094
- Depreciation -€1,584
down €1,584 (-8.0%), from €19,789 to €18,206
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 | €465,708 | €307,466 | -€158,241 | -34.0% |
| Fixed assets | 21/28 | €55,650 | €37,445 | -€18,206 | -32.7% |
| Tangible fixed assets | 22/27 | €55,649 | €37,444 | -€18,206 | -32.7% |
| Plant, machinery and equipment | 23 | €709 | €508 | -€202 | -28.4% |
| Furniture and vehicles | 24 | €54,940 | €36,936 | -€18,004 | -32.8% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €410,057 | €270,022 | -€140,036 | -34.2% |
| Amounts receivable within one year | 40/41 | €29,936 | €29,349 | -€587 | -2.0% |
| Other amounts receivable | 41 | €29,936 | €29,349 | -€587 | -2.0% |
| Cash at bank and in hand | 54/58 | €380,121 | €240,672 | -€139,449 | -36.7% |
| Total equity and liabilities | 10/49 | €465,708 | €307,466 | -€158,241 | -34.0% |
| Equity | 10/15 | €405,708 | €24,431 | -€381,277 | -94.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €402,708 | €21,431 | -€381,277 | -94.7% |
| Amounts payable | 17/49 | €60,000 | €283,035 | +€223,035 | +372% |
| Amounts payable within one year | 42/48 | €60,000 | €283,035 | +€223,035 | +372% |
| Trade debts | 44 | - | €535 | +€535 | |
| Suppliers | 440/4 | - | €535 | +€535 | |
| Taxes, remuneration and social security | 45 | €9,000 | €10,500 | +€1,500 | +16.7% |
| Taxes | 450/3 | €9,000 | €10,500 | +€1,500 | +16.7% |
| Other amounts payable | 47/48 | €51,000 | €272,000 | +€221,000 | +433% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,789 | €18,206 | -€1,584 | -8.0% |
| Other operating charges | 640/8 | €181 | €103 | -€78 | -43.0% |
| Gross operating margin | 9900 | -€12,977 | -€7,094 | +€5,883 | +45.3% |
| Operating profit (loss) | 9901 | -€32,947 | -€25,403 | +€7,544 | +22.9% |
| Financial income | 75/76B | - | €25,000 | +€25,000 | |
| Recurring financial income | 75 | - | €25,000 | +€25,000 | |
| Financial charges | 65/66B | €600 | €695 | +€94 | +15.7% |
| Recurring financial charges | 65 | €600 | €695 | +€94 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,547 | -€1,097 | +€32,450 | +96.7% |
| Income taxes | 67/77 | €191 | €179 | -€12 | -6.2% |
| Profit (loss) for the period | 9904 | -€33,738 | -€1,277 | +€32,462 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,738 | -€1,277 | +€32,462 | +96.2% |
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.