ENCY HOLDING: 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.
ENCY HOLDING
Largest movements
- Tangible fixed assets -€452,837
down €452,837 (-8.2%), from €5.5m to €5.0m
of which Land and buildings: -€417,654
- Receivables within one year +€215,086
up €215,086 (+65.0%), from €330,714 to €545,800
of which Other amounts receivable: +€220,930
- Other debts -€285,946
down €285,946 (-73.6%), from €388,446 to €102,500
- Debts after one year -€266,088
down €266,088 (-37.5%), from €709,914 to €443,825
- Reserves +€243,117
up €243,117 (+11.3%), from €2.2m to €2.4m
of which Distributable reserves: +€345,300
- Gross operating margin +€341,351
up €341,351 (+58.4%), from €584,364 to €925,714
- Taxes +€116,872
up €116,872 (+259.5%), from €45,040 to €161,913
- Financial charges -€31,396
down €31,396 (-40.4%), from €77,637 to €46,241
- Depreciation +€12,550
up €12,550 (+2.8%), from €452,598 to €465,148
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 | €5,897,446 | €5,648,621 | -€248,825 | -4.2% |
| Fixed assets | 21/28 | €5,552,204 | €5,099,367 | -€452,837 | -8.2% |
| Tangible fixed assets | 22/27 | €5,495,179 | €5,042,342 | -€452,837 | -8.2% |
| Land and buildings | 22 | €4,879,936 | €4,462,281 | -€417,654 | -8.6% |
| Plant, machinery and equipment | 23 | €1,267 | €952 | -€315 | -24.8% |
| Furniture and vehicles | 24 | €116,808 | €108,066 | -€8,743 | -7.5% |
| Other tangible fixed assets | 26 | €497,169 | €471,043 | -€26,126 | -5.3% |
| Financial fixed assets | 28 | €57,025 | €57,025 | = | 0.0% |
| Current assets | 29/58 | €345,241 | €549,254 | +€204,012 | +59.1% |
| Amounts receivable within one year | 40/41 | €330,714 | €545,800 | +€215,086 | +65.0% |
| Trade receivables | 40 | €5,844 | - | -€5,844 | |
| Other amounts receivable | 41 | €324,870 | €545,800 | +€220,930 | +68.0% |
| Cash at bank and in hand | 54/58 | €6,661 | €564 | -€6,097 | -91.5% |
| Deferred charges and accrued income | 490/1 | €7,867 | €2,890 | -€4,976 | -63.3% |
| Total equity and liabilities | 10/49 | €5,897,446 | €5,648,621 | -€248,825 | -4.2% |
| Equity | 10/15 | €3,751,314 | €3,994,500 | +€243,186 | +6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,155,956 | €2,399,074 | +€243,117 | +11.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,360,556 | €1,258,374 | -€102,183 | -7.5% |
| Distributable reserves | 133 | €793,400 | €1,138,700 | +€345,300 | +43.5% |
| Profit (loss) carried forward | 14 | €1,575,357 | €1,575,426 | +€68 | 0.0% |
| Provisions and deferred taxes | 16 | €340,139 | €314,593 | -€25,546 | -7.5% |
| Deferred taxes | 168 | €340,139 | €314,593 | -€25,546 | -7.5% |
| Amounts payable | 17/49 | €1,805,993 | €1,339,528 | -€466,465 | -25.8% |
| Amounts payable after more than one year | 17 | €709,914 | €443,825 | -€266,088 | -37.5% |
| Financial debts | 170/4 | €709,914 | €443,825 | -€266,088 | -37.5% |
| Amounts payable within one year | 42/48 | €1,096,079 | €895,703 | -€200,377 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €706,607 | €739,926 | +€33,319 | +4.7% |
| Trade debts | 44 | €986 | €1,364 | +€378 | +38.3% |
| Suppliers | 440/4 | €986 | €1,364 | +€378 | +38.3% |
| Taxes, remuneration and social security | 45 | €40 | €51,913 | +€51,872 | +128143.5% |
| Taxes | 450/3 | €40 | €51,913 | +€51,872 | +128143.5% |
| Other amounts payable | 47/48 | €388,446 | €102,500 | -€285,946 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452,598 | €465,148 | +€12,550 | +2.8% |
| Other operating charges | 640/8 | €12,878 | €13,959 | +€1,081 | +8.4% |
| Non-recurring operating charges | 66A | - | €20,813 | +€20,813 | |
| Gross operating margin | 9900 | €584,364 | €925,714 | +€341,351 | +58.4% |
| Operating profit (loss) | 9901 | €118,887 | €425,794 | +€306,907 | +258.1% |
| Financial income | 75/76B | €16 | €0 | -€16 | -98.7% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -98.7% |
| Financial charges | 65/66B | €77,637 | €46,241 | -€31,396 | -40.4% |
| Recurring financial charges | 65 | €77,637 | €46,241 | -€31,396 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €41,266 | €379,553 | +€338,287 | +819.8% |
| Transfer from deferred taxes | 780 | €25,546 | €25,546 | = | 0.0% |
| Income taxes | 67/77 | €45,040 | €161,913 | +€116,872 | +259.5% |
| Profit (loss) for the period | 9904 | €21,772 | €243,186 | +€221,414 | +1017.0% |
| Transfer from tax-exempt reserves | 789 | €102,183 | €102,183 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,954 | €345,368 | +€221,414 | +178.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.