ENFOCUS: 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.
What changed
ENFOCUS
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €4.3m+€272,058
Equity
€120.5m
2024 · €129.5m-€9.0m
Cash
€13.8m
2024 · €7.9m+€5.9m
Balance sheet total
€141.9m
2024 · €136.6m+€5.3m
Largest movements
Assets
- Cash +€5.9m
up €5.9m (+75.0%), from €7.9m to €13.8m
mainly Other debts (+€13.6m) and Net result for the year (+€4.6m)
Equity and liabilities
- Other debts +€13.6m
new in 2025: €13.6m
- Profit (loss) carried forward -€9.0m
down €9.0m (-64.3%), from €14.0m to €5.0m
Income statement
- Turnover +€660,622
up €660,622 (+4.4%), from €15.1m to €15.8m
- Goods and materials +€514,698
up €514,698 (+526%), from €97,914 to €612,612
- Services and other goods -€298,989
down €298,989 (-4.8%), from €6.2m to €5.9m
- Financial charges +€219,278
up €219,278 (+114%), from €192,448 to €411,726
- Other operating income +€190,058
up €190,058 (+61.7%), from €307,837 to €497,894
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.
Result 2024
€4.3m
Turnover
+€660,622
Other operating income
+€190,058
Goods and materials
-€514,698
Services and other goods
+€298,989
Staff costs
+€108,807
Depreciation
+€35,414
Provisions
-€3,169
Other operating charges
+€163,249
Other operating items
-€342,788
Financial income
+€25,256
Financial charges
-€219,278
Taxes
-€130,404
Result 2025
€4.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20.5m
Investment
-€1.0m
Financing
-€13.6m
Cash 2024
€7.9m
From operations (derived)
+€20.5m
Net result for the year
+€4.6m
Depreciation
+€1.2m
Receivables within one year
+€370,580
Smaller working-capital items
+€14,714
Trade debts
-€306,462
Other debts
+€13.6m
Accrued charges and deferred income
+€1.0m
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€13.6m
Contributions, distributions and other
-€13.6m
Cash 2025
€13.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,591,690 | €141,930,822 | +€5.3m | +3.9% |
| Fixed assets | 21/28 | €126,200,577 | €126,023,472 | -€177,104 | -0.1% |
| Intangible fixed assets | 21 | €2,429,101 | €2,221,997 | -€207,104 | -8.5% |
| Financial fixed assets | 28 | €123,771,475 | €123,801,475 | +€30,000 | 0.0% |
| Affiliated companies | 280/1 | €123,516,475 | €123,516,475 | = | 0.0% |
| Participating interests | 280 | €123,516,475 | €123,516,475 | = | 0.0% |
| Other financial fixed assets | 284/8 | €255,000 | €285,000 | +€30,000 | +11.8% |
| Amounts receivable and cash guarantees | 285/8 | €255,000 | €285,000 | +€30,000 | +11.8% |
| Current assets | 29/58 | €10,391,114 | €15,907,349 | +€5.5m | +53.1% |
| Amounts receivable within one year | 40/41 | €2,391,281 | €2,020,700 | -€370,580 | -15.5% |
| Trade receivables | 40 | €1,894,310 | €1,858,495 | -€35,815 | -1.9% |
| Other amounts receivable | 41 | €496,971 | €162,206 | -€334,765 | -67.4% |
| Cash at bank and in hand | 54/58 | €7,871,879 | €13,772,307 | +€5.9m | +75.0% |
| Deferred charges and accrued income | 490/1 | €127,954 | €114,341 | -€13,612 | -10.6% |
| Total equity and liabilities | 10/49 | €136,591,690 | €141,930,822 | +€5.3m | +3.9% |
| Equity | 10/15 | €129,467,515 | €120,481,190 | -€9.0m | -6.9% |
| Contributions | 10/11 | €114,007,489 | €114,007,489 | = | 0.0% |
| Reserves | 13 | €1,490,282 | €1,490,282 | = | 0.0% |
| Distributable reserves | 133 | €1,490,282 | €1,490,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,969,744 | €4,983,419 | -€9.0m | -64.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €7,124,175 | €21,449,632 | +€14.3m | +201% |
| Amounts payable within one year | 42/48 | €2,538,973 | €15,838,045 | +€13.3m | +524% |
| Trade debts | 44 | €1,259,915 | €953,454 | -€306,462 | -24.3% |
| Suppliers | 440/4 | €1,259,915 | €953,454 | -€306,462 | -24.3% |
| Taxes, remuneration and social security | 45 | €1,279,057 | €1,280,159 | +€1,102 | +0.1% |
| Taxes | 450/3 | €118,295 | €180,236 | +€61,941 | +52.4% |
| Remuneration and social security | 454/9 | €1,160,763 | €1,099,923 | -€60,839 | -5.2% |
| Other amounts payable | 47/48 | - | €13,604,432 | +€13.6m | |
| Accrued charges and deferred income | 492/3 | €4,585,202 | €5,611,587 | +€1.0m | +22.4% |
| Operating income | 70/76A | €16,740,831 | €17,248,723 | +€507,892 | +3.0% |
| Turnover | 70 | €15,099,812 | €15,760,434 | +€660,622 | +4.4% |
| Own construction capitalised | 72 | €1,333,182 | €990,394 | -€342,788 | -25.7% |
| Other operating income | 74 | €307,837 | €497,894 | +€190,058 | +61.7% |
| Operating charges | 60/66A | €12,098,874 | €12,010,282 | -€88,592 | -0.7% |
| Goods for resale, raw materials and consumables | 60 | €97,914 | €612,612 | +€514,698 | +526% |
| Purchases | 600/8 | €97,914 | €612,612 | +€514,698 | +526% |
| Services and other goods | 61 | €6,238,808 | €5,939,819 | -€298,989 | -4.8% |
| Remuneration, social security and pensions | 62 | €4,357,480 | €4,248,673 | -€108,807 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238,287 | €1,202,873 | -€35,414 | -2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,169 | - | +€3,169 | |
| Other operating charges | 640/8 | €169,554 | €6,306 | -€163,249 | -96.3% |
| Operating profit (loss) | 9901 | €4,641,957 | €5,238,440 | +€596,484 | +12.8% |
| Financial income | 75/76B | €191,373 | €216,628 | +€25,256 | +13.2% |
| Recurring financial income | 75 | €191,373 | €216,628 | +€25,256 | +13.2% |
| Income from current assets | 751 | €109,273 | €215,130 | +€105,857 | +96.9% |
| Other financial income | 752/9 | €82,100 | €1,498 | -€80,601 | -98.2% |
| Financial charges | 65/66B | €192,448 | €411,726 | +€219,278 | +114% |
| Recurring financial charges | 65 | €192,448 | €411,726 | +€219,278 | +114% |
| Debt charges | 650 | €4 | €2,340 | +€2,336 | +58,243% |
| Other financial charges | 652/9 | €192,444 | €409,386 | +€216,942 | +113% |
| Profit (loss) for the period before taxes | 9903 | €4,640,881 | €5,043,343 | +€402,462 | +8.7% |
| Income taxes | 67/77 | €294,832 | €425,236 | +€130,404 | +44.2% |
| Taxes | 670/3 | €471,593 | €425,236 | -€46,358 | -9.8% |
| Tax adjustments and reversals of tax provisions | 77 | €176,761 | - | -€176,761 | |
| Profit (loss) for the period | 9904 | €4,346,049 | €4,618,107 | +€272,058 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,346,049 | €4,618,107 | +€272,058 | +6.3% |
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 17 October 2026 via checked.be.