ENCRI: 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.
ENCRI
Largest movements
- Tangible fixed assets -€5,401
down €5,401 (-80.0%), from €6,751 to €1,350
- Receivables within one year +€4,781
up €4,781 (+65.3%), from €7,319 to €12,100
- Cash -€1,100
down €1,100 (-9.2%), from €11,961 to €10,861
mainly Net result for the year (-€31,175) and Receivables within one year (-€4,781)
- Tax, wage and social debts +€32,134
up €32,134 (+216%), from €14,859 to €46,993
of which Taxes: +€17,796
- Profit (loss) carried forward -€31,175
new in 2025: -€31,175
- Other debts -€3,486
down €3,486 (-67.3%), from €5,180 to €1,694
- Trade debts +€807
up €807 (+3.7%), from €21,887 to €22,693
- Staff costs +€41,884
up €41,884 (+82.0%), from €51,066 to €92,950
- Gross operating margin +€12,307
up €12,307 (+20.1%), from €61,199 to €73,506
- Financial charges -€9,681
down €9,681 (-65.8%), from €14,704 to €5,023
of which Non-recurring financial charges: -€11,338
- Other operating charges -€1,436
down €1,436 (-58.4%), from €2,458 to €1,022
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 | €77,743 | €76,023 | -€1,720 | -2.2% |
| Fixed assets | 21/28 | €7,651 | €2,250 | -€5,401 | -70.6% |
| Tangible fixed assets | 22/27 | €6,751 | €1,350 | -€5,401 | -80.0% |
| Furniture and vehicles | 24 | €6,751 | €1,350 | -€5,401 | -80.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €70,092 | €73,773 | +€3,680 | +5.3% |
| Stocks and contracts in progress | 3 | €50,812 | €50,812 | = | 0.0% |
| Stocks | 30/36 | €50,812 | €50,812 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,319 | €12,100 | +€4,781 | +65.3% |
| Other amounts receivable | 41 | €7,319 | €12,100 | +€4,781 | +65.3% |
| Cash at bank and in hand | 54/58 | €11,961 | €10,861 | -€1,100 | -9.2% |
| Total equity and liabilities | 10/49 | €77,743 | €76,023 | -€1,720 | -2.2% |
| Equity | 10/15 | €34,415 | €3,240 | -€31,175 | -90.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,815 | €15,815 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,955 | €13,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,175 | -€31,175 | |
| Amounts payable | 17/49 | €43,328 | €72,783 | +€29,455 | +68.0% |
| Amounts payable within one year | 42/48 | €43,328 | €72,783 | +€29,455 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | €1,402 | €1,402 | = | 0.0% |
| Trade debts | 44 | €21,887 | €22,693 | +€807 | +3.7% |
| Suppliers | 440/4 | €21,887 | €22,693 | +€807 | +3.7% |
| Taxes, remuneration and social security | 45 | €14,859 | €46,993 | +€32,134 | +216% |
| Taxes | 450/3 | €3,965 | €21,761 | +€17,796 | +449% |
| Remuneration and social security | 454/9 | €10,894 | €25,232 | +€14,338 | +132% |
| Other amounts payable | 47/48 | €5,180 | €1,694 | -€3,486 | -67.3% |
| Remuneration, social security and pensions | 62 | €51,066 | €92,950 | +€41,884 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,401 | €5,401 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,458 | €1,022 | -€1,436 | -58.4% |
| Gross operating margin | 9900 | €61,199 | €73,506 | +€12,307 | +20.1% |
| Operating profit (loss) | 9901 | €2,273 | -€25,866 | -€28,140 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €14,704 | €5,023 | -€9,681 | -65.8% |
| Recurring financial charges | 65 | €3,366 | €5,023 | +€1,657 | +49.2% |
| Non-recurring financial charges | 66B | €11,338 | - | -€11,338 | |
| Profit (loss) for the period before taxes | 9903 | -€12,429 | -€30,889 | -€18,460 | -149% |
| Income taxes | 67/77 | €300 | €286 | -€15 | -4.9% |
| Profit (loss) for the period | 9904 | -€12,729 | -€31,175 | -€18,446 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,729 | -€31,175 | -€18,446 | -145% |
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 14 October 2026 via checked.be.