Encotrak.com: 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.
Encotrak.com
Largest movements
- Receivables within one year -€5,690
down €5,690 (-82.4%), from €6,909 to €1,219
of which Trade receivables: -€5,196
- Cash -€4,901
down €4,901 (-58.3%), from €8,406 to €3,505
mainly Net result for the year (-€12,150) and Trade debts (-€5,485)
- Stocks and contracts -€2,246
down €2,246 (-4.4%), from €50,670 to €48,424
- Profit (loss) carried forward -€12,150
down €12,150, from €5,209 to -€6,941
- Trade debts -€5,485
down €5,485 (-74.4%), from €7,369 to €1,883
- Other debts +€4,797
up €4,797 (+12.1%), from €39,716 to €44,513
- Gross operating margin -€2,884
down €2,884 (-33.6%), from -€8,575 to -€11,459
- Depreciation -€436
no longer reported in 2025 (was €436)
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 | €66,753 | €53,915 | -€12,838 | -19.2% |
| Fixed assets | 21/28 | €462 | €462 | = | 0.0% |
| Financial fixed assets | 28 | €462 | €462 | = | 0.0% |
| Current assets | 29/58 | €66,291 | €53,453 | -€12,838 | -19.4% |
| Stocks and contracts in progress | 3 | €50,670 | €48,424 | -€2,246 | -4.4% |
| Stocks | 30/36 | €50,670 | €48,424 | -€2,246 | -4.4% |
| Amounts receivable within one year | 40/41 | €6,909 | €1,219 | -€5,690 | -82.4% |
| Trade receivables | 40 | €5,983 | €787 | -€5,196 | -86.8% |
| Other amounts receivable | 41 | €926 | €432 | -€494 | -53.4% |
| Cash at bank and in hand | 54/58 | €8,406 | €3,505 | -€4,901 | -58.3% |
| Deferred charges and accrued income | 490/1 | €306 | €305 | -€1 | -0.3% |
| Total equity and liabilities | 10/49 | €66,753 | €53,915 | -€12,838 | -19.2% |
| Equity | 10/15 | €9,209 | -€2,941 | -€12,150 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,209 | -€6,941 | -€12,150 | |
| Amounts payable | 17/49 | €57,544 | €56,856 | -€688 | -1.2% |
| Amounts payable within one year | 42/48 | €47,085 | €46,397 | -€688 | -1.5% |
| Trade debts | 44 | €7,369 | €1,883 | -€5,485 | -74.4% |
| Suppliers | 440/4 | €7,369 | €1,883 | -€5,485 | -74.4% |
| Other amounts payable | 47/48 | €39,716 | €44,513 | +€4,797 | +12.1% |
| Accrued charges and deferred income | 492/3 | €10,459 | €10,459 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | - | -€436 | |
| Other operating charges | 640/8 | €499 | €574 | +€74 | +14.9% |
| Gross operating margin | 9900 | -€8,575 | -€11,459 | -€2,884 | -33.6% |
| Operating profit (loss) | 9901 | -€9,510 | -€12,033 | -€2,522 | -26.5% |
| Financial income | 75/76B | €76 | €2 | -€74 | -97.8% |
| Recurring financial income | 75 | €76 | €2 | -€74 | -97.8% |
| Financial charges | 65/66B | €208 | €119 | -€90 | -43.1% |
| Recurring financial charges | 65 | €208 | €119 | -€90 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,643 | -€12,150 | -€2,507 | -26.0% |
| Profit (loss) for the period | 9904 | -€9,643 | -€12,150 | -€2,507 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,643 | -€12,150 | -€2,507 | -26.0% |
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 10 October 2026 via checked.be.