ENCOUNTER: 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.
ENCOUNTER
Largest movements
- Receivables within one year +€83,540
up €83,540 (+468.0%), from €17,850 to €101,390
of which Trade receivables: +€64,956
- Cash -€10,768
down €10,768 (-20.9%), from €51,476 to €40,708
mainly Receivables within one year (-€83,540) and Stocks and contracts (-€5,000)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Profit (loss) carried forward +€63,302
up €63,302 (+106.6%), from €59,374 to €122,677
- Tax, wage and social debts +€9,754
up €9,754 (+84.3%), from €11,566 to €21,319
- Trade debts +€5,381
up €5,381 (+2731.6%), from €197 to €5,578
- Gross operating margin +€45,563
up €45,563 (+135.3%), from €33,671 to €79,235
- Taxes +€9,081
up €9,081 (+134.1%), from €6,774 to €15,856
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 | €73,637 | €152,075 | +€78,438 | +106.5% |
| Fixed assets | 21/28 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €69,637 | €148,075 | +€78,438 | +112.6% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €17,850 | €101,390 | +€83,540 | +468.0% |
| Trade receivables | 40 | €9,680 | €74,636 | +€64,956 | +671.0% |
| Other amounts receivable | 41 | €8,170 | €26,753 | +€18,583 | +227.5% |
| Cash at bank and in hand | 54/58 | €51,476 | €40,708 | -€10,768 | -20.9% |
| Deferred charges and accrued income | 490/1 | €311 | €977 | +€666 | +214.2% |
| Total equity and liabilities | 10/49 | €73,637 | €152,075 | +€78,438 | +106.5% |
| Equity | 10/15 | €61,874 | €125,177 | +€63,302 | +102.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,374 | €122,677 | +€63,302 | +106.6% |
| Amounts payable | 17/49 | €11,763 | €26,898 | +€15,135 | +128.7% |
| Amounts payable within one year | 42/48 | €11,763 | €26,898 | +€15,135 | +128.7% |
| Trade debts | 44 | €197 | €5,578 | +€5,381 | +2731.6% |
| Suppliers | 440/4 | €197 | €5,578 | +€5,381 | +2731.6% |
| Taxes, remuneration and social security | 45 | €11,566 | €21,319 | +€9,754 | +84.3% |
| Taxes | 450/3 | €11,566 | €21,319 | +€9,754 | +84.3% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Other operating charges | 640/8 | - | €550 | +€550 | |
| Gross operating margin | 9900 | €33,671 | €79,235 | +€45,563 | +135.3% |
| Operating profit (loss) | 9901 | €33,671 | €78,685 | +€45,014 | +133.7% |
| Financial income | 75/76B | €254 | €666 | +€412 | +162.1% |
| Recurring financial income | 75 | €254 | €666 | +€412 | +162.1% |
| Financial charges | 65/66B | €54 | €193 | +€139 | +257.1% |
| Recurring financial charges | 65 | €54 | €193 | +€139 | +257.1% |
| Profit (loss) for the period before taxes | 9903 | €33,871 | €79,158 | +€45,287 | +133.7% |
| Income taxes | 67/77 | €6,774 | €15,856 | +€9,081 | +134.1% |
| Profit (loss) for the period | 9904 | €27,097 | €63,302 | +€36,205 | +133.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,097 | €63,302 | +€36,205 | +133.6% |
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 29 September 2026 via checked.be.