Enface: 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.
Enface
Largest movements
- Cash +€359,373
up €359,373 (+186%), from €193,025 to €552,398
mainly Current investments (+€350,000) and Net result for the year (+€29,488)
- Current investments -€350,000
down €350,000 (-28.0%), from €1.3m to €900,000
- Tangible fixed assets -€19,791
down €19,791 (-35.2%), from €56,278 to €36,488
of which Land and buildings: -€15,204
- Tax, wage and social debts -€47,904
down €47,904 (-94.2%), from €50,853 to €2,949
- Reserves +€29,488
up €29,488 (+2.0%), from €1.5m to €1.5m
of which Distributable reserves: +€29,488
- Gross operating margin -€750,348
down €750,348 (-97.4%), from €770,676 to €20,328
- Taxes -€223,581
down €223,581 (-93.6%), from €238,953 to €15,373
- Financial income +€46,895
up €46,895 (+1,395%), from €3,362 to €50,258
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 | €1,517,831 | €1,499,930 | -€17,901 | -1.2% |
| Fixed assets | 21/28 | €56,278 | €36,488 | -€19,791 | -35.2% |
| Tangible fixed assets | 22/27 | €56,278 | €36,488 | -€19,791 | -35.2% |
| Land and buildings | 22 | €48,129 | €32,925 | -€15,204 | -31.6% |
| Plant, machinery and equipment | 23 | €370 | €1,983 | +€1,613 | +436% |
| Furniture and vehicles | 24 | €7,780 | €1,580 | -€6,200 | -79.7% |
| Current assets | 29/58 | €1,461,553 | €1,463,443 | +€1,890 | +0.1% |
| Amounts receivable within one year | 40/41 | €15,723 | €8,209 | -€7,514 | -47.8% |
| Trade receivables | 40 | - | €99 | +€99 | |
| Other amounts receivable | 41 | €15,723 | €8,110 | -€7,613 | -48.4% |
| Current investments | 50/53 | €1,250,000 | €900,000 | -€350,000 | -28.0% |
| Cash at bank and in hand | 54/58 | €193,025 | €552,398 | +€359,373 | +186% |
| Deferred charges and accrued income | 490/1 | €2,805 | €2,836 | +€31 | +1.1% |
| Total equity and liabilities | 10/49 | €1,517,831 | €1,499,930 | -€17,901 | -1.2% |
| Equity | 10/15 | €1,466,978 | €1,496,467 | +€29,488 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,460,778 | €1,490,267 | +€29,488 | +2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,460,778 | €1,490,267 | +€29,488 | +2.0% |
| Amounts payable | 17/49 | €50,853 | €3,464 | -€47,389 | -93.2% |
| Amounts payable within one year | 42/48 | €50,853 | €3,464 | -€47,389 | -93.2% |
| Trade debts | 44 | - | €515 | +€515 | |
| Suppliers | 440/4 | - | €515 | +€515 | |
| Taxes, remuneration and social security | 45 | €50,853 | €2,949 | -€47,904 | -94.2% |
| Taxes | 450/3 | €50,853 | €2,949 | -€47,904 | -94.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €107 | €0 | -€107 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,878 | €21,995 | -€883 | -3.9% |
| Other operating charges | 640/8 | €3,541 | €3,655 | +€114 | +3.2% |
| Gross operating margin | 9900 | €770,676 | €20,328 | -€750,348 | -97.4% |
| Operating profit (loss) | 9901 | €744,257 | -€5,322 | -€749,579 | |
| Financial income | 75/76B | €3,362 | €50,258 | +€46,895 | +1,395% |
| Recurring financial income | 75 | €3,362 | €50,258 | +€46,895 | +1,395% |
| Financial charges | 65/66B | €136 | €75 | -€62 | -45.3% |
| Recurring financial charges | 65 | €136 | €75 | -€62 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €747,483 | €44,861 | -€702,622 | -94.0% |
| Income taxes | 67/77 | €238,953 | €15,373 | -€223,581 | -93.6% |
| Profit (loss) for the period | 9904 | €508,529 | €29,488 | -€479,041 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €508,529 | €29,488 | -€479,041 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.