Encore Plus: what changed
What changed
Encore Plus
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€98,337
2024 · €119,997-€21,660
Equity
€904,609
2024 · €914,737-€10,128
Cash
€21
2024 · €28,071-€28,050
Balance sheet total
€1.1m
2024 · €1.0m+€50,326
Largest movements
Assets
- Receivables within one year +€48,169
up €48,169 (+14.3%), from €337,944 to €386,114
of which Other amounts receivable: +€46,434
- Deferred charges and accrued income +€30,514
up €30,514 (+20.3%), from €150,160 to €180,674
- Cash -€28,050
down €28,050 (-99.9%), from €28,071 to €21
mainly Contributions, distributions and other (-€108,465) and Receivables within one year (-€48,169)
Equity and liabilities
- Trade debts +€61,024
up €61,024 (+90.0%), from €67,780 to €128,804
Income statement
- Gross operating margin -€37,513
down €37,513 (-23.9%), from €156,959 to €119,446
- Taxes -€9,891
down €9,891 (-16.9%), from €58,677 to €48,786
- Financial income +€6,106
up €6,106 (+25.0%), from €24,402 to €30,508
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€119,997
Gross operating margin
-€37,513
Depreciation
+€78
Other operating charges
-€143
Financial income
+€6,106
Financial charges
-€79
Taxes
+€9,891
Result 2025
€98,337
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,437
Investment
€0
Financing
-€108,487
Cash 2024
€28,071
From operations (derived)
+€80,437
Net result for the year
+€98,337
Depreciation
+€307
Receivables within one year
-€48,169
Deferred charges and accrued income
-€30,514
Trade debts
+€61,024
Tax, wage and social debts
-€1,131
Other debts
+€583
Financing
-€108,487
Short-term financial debts
-€22
Contributions, distributions and other
-€108,465
Cash 2025
€21
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,023,477 | €1,073,803 | +€50,326 | +4.9% |
| Fixed assets | 21/28 | €7,302 | €6,995 | -€307 | -4.2% |
| Tangible fixed assets | 22/27 | €7,302 | €6,995 | -€307 | -4.2% |
| Furniture and vehicles | 24 | €7,302 | €6,995 | -€307 | -4.2% |
| Current assets | 29/58 | €1,016,175 | €1,066,808 | +€50,633 | +5.0% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Trade receivables | 290 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €337,944 | €386,114 | +€48,169 | +14.3% |
| Trade receivables | 40 | €20,172 | €21,907 | +€1,736 | +8.6% |
| Other amounts receivable | 41 | €317,773 | €364,207 | +€46,434 | +14.6% |
| Cash at bank and in hand | 54/58 | €28,071 | €21 | -€28,050 | -99.9% |
| Deferred charges and accrued income | 490/1 | €150,160 | €180,674 | +€30,514 | +20.3% |
| Total equity and liabilities | 10/49 | €1,023,477 | €1,073,803 | +€50,326 | +4.9% |
| Equity | 10/15 | €914,737 | €904,609 | -€10,128 | -1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €418,090 | €407,962 | -€10,128 | -2.4% |
| Distributable reserves | 133 | €418,090 | €407,962 | -€10,128 | -2.4% |
| Profit (loss) carried forward | 14 | €484,247 | €484,247 | = | 0.0% |
| Amounts payable | 17/49 | €108,741 | €169,194 | +€60,454 | +55.6% |
| Amounts payable within one year | 42/48 | €108,741 | €169,194 | +€60,454 | +55.6% |
| Financial debts | 43 | €15,230 | €15,208 | -€22 | -0.1% |
| Credit institutions | 430/8 | €15,230 | - | -€15,230 | |
| Other loans | 439 | - | €15,208 | +€15,208 | |
| Trade debts | 44 | €67,780 | €128,804 | +€61,024 | +90.0% |
| Suppliers | 440/4 | €67,780 | €128,804 | +€61,024 | +90.0% |
| Taxes, remuneration and social security | 45 | €25,730 | €24,599 | -€1,131 | -4.4% |
| Taxes | 450/3 | €25,730 | €24,599 | -€1,131 | -4.4% |
| Other amounts payable | 47/48 | - | €583 | +€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €307 | -€78 | -20.3% |
| Other operating charges | 640/8 | €1,153 | €1,296 | +€143 | +12.4% |
| Gross operating margin | 9900 | €156,959 | €119,446 | -€37,513 | -23.9% |
| Operating profit (loss) | 9901 | €155,420 | €117,842 | -€37,578 | -24.2% |
| Financial income | 75/76B | €24,402 | €30,508 | +€6,106 | +25.0% |
| Recurring financial income | 75 | €24,402 | €30,508 | +€6,106 | +25.0% |
| Financial charges | 65/66B | €1,149 | €1,228 | +€79 | +6.9% |
| Recurring financial charges | 65 | €1,149 | €1,228 | +€79 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €178,674 | €147,123 | -€31,551 | -17.7% |
| Income taxes | 67/77 | €58,677 | €48,786 | -€9,891 | -16.9% |
| Profit (loss) for the period | 9904 | €119,997 | €98,337 | -€21,660 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,997 | €98,337 | -€21,660 | -18.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.