ENCOTEX: 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.
ENCOTEX
Largest movements
- Receivables within one year +€1,940
up €1,940 (+120.0%), from €1,617 to €3,557
- Cash +€1,158
up €1,158 (+14.7%), from €7,857 to €9,015
mainly Trade debts (+€22,106) and Accrued charges and deferred income (+€2,070)
- Trade debts +€22,106
up €22,106 (+38.9%), from €56,860 to €78,966
- Profit (loss) carried forward -€20,717
down €20,717 (-30.8%), from -€67,326 to -€88,043
- Accrued charges and deferred income +€2,070
new in 2025: €2,070
- Tax, wage and social debts -€361
down €361 (-3.3%), from €10,975 to €10,614
of which Remuneration and social security: -€695
- Gross operating margin +€10,111
up €10,111 (+38.1%), from €26,541 to €36,652
- Staff costs +€4,516
up €4,516 (+8.7%), from €51,988 to €56,504
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.
Cash bridge derived
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 | €9,837 | €12,935 | +€3,098 | +31.5% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €9,474 | €12,572 | +€3,098 | +32.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,617 | €3,557 | +€1,940 | +120.0% |
| Trade receivables | 40 | €1,617 | €3,557 | +€1,940 | +120.0% |
| Cash at bank and in hand | 54/58 | €7,857 | €9,015 | +€1,158 | +14.7% |
| Total equity and liabilities | 10/49 | €9,837 | €12,935 | +€3,098 | +31.5% |
| Equity | 10/15 | -€60,053 | -€80,770 | -€20,717 | -34.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,073 | €1,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,073 | €1,073 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,073 | €1,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,326 | -€88,043 | -€20,717 | -30.8% |
| Amounts payable | 17/49 | €69,890 | €93,705 | +€23,815 | +34.1% |
| Amounts payable within one year | 42/48 | €69,890 | €91,635 | +€21,745 | +31.1% |
| Trade debts | 44 | €56,860 | €78,966 | +€22,106 | +38.9% |
| Suppliers | 440/4 | €56,860 | €78,966 | +€22,106 | +38.9% |
| Taxes, remuneration and social security | 45 | €10,975 | €10,614 | -€361 | -3.3% |
| Taxes | 450/3 | €987 | €1,321 | +€334 | +33.8% |
| Remuneration and social security | 454/9 | €9,987 | €9,293 | -€695 | -7.0% |
| Other amounts payable | 47/48 | €2,055 | €2,055 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,070 | +€2,070 | |
| Remuneration, social security and pensions | 62 | €51,988 | €56,504 | +€4,516 | +8.7% |
| Other operating charges | 640/8 | €107 | €107 | = | 0.0% |
| Non-recurring operating charges | 66A | €2,692 | €500 | -€2,192 | -81.4% |
| Gross operating margin | 9900 | €26,541 | €36,652 | +€10,111 | +38.1% |
| Operating profit (loss) | 9901 | -€28,246 | -€20,459 | +€7,787 | +27.6% |
| Financial charges | 65/66B | €466 | €258 | -€208 | -44.7% |
| Recurring financial charges | 65 | €466 | €258 | -€208 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,712 | -€20,717 | +€7,995 | +27.8% |
| Profit (loss) for the period | 9904 | -€28,712 | -€20,717 | +€7,995 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,712 | -€20,717 | +€7,995 | +27.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.