ENFORCE BELGIË: what changed
ENFORCE BELGIË
Largest movements
- Receivables within one year -€4,168
down €4,168 (-37.1%), from €11,234 to €7,066
of which Trade receivables: -€10,853
- Cash +€2,642
new in 2025: €2,642
mainly Other debts (+€65,723) and Depreciation (+€5,754)
- Tangible fixed assets +€1,320
up €1,320 (+3.6%), from €36,786 to €38,105
of which Other tangible fixed assets: +€4,004
- Deferred charges and accrued income -€1,124
down €1,124 (-54.0%), from €2,082 to €958
- Other debts +€65,723
up €65,723 (+86.2%), from €76,230 to €141,953
- Trade debts -€32,733
down €32,733 (-66.5%), from €49,214 to €16,481
- Tax, wage and social debts -€19,680
down €19,680 (-61.0%), from €32,243 to €12,563
of which Remuneration and social security: -€10,205
- Profit (loss) carried forward -€12,131
down €12,131 (-10.4%), from -€116,466 to -€128,597
- Short-term financial debts -€2,630
no longer reported in 2025 (was €2,630)
- Staff costs -€31,572
down €31,572 (-34.8%), from €90,828 to €59,257
- Financial income +€27,634
up €27,634 (+973,041%), from €3 to €27,637
of which Non-recurring financial income: +€27,500
- Gross operating margin +€12,162
up €12,162 (+60.2%), from €20,215 to €32,378
- Other operating charges +€3,650
up €3,650 (+277%), from €1,315 to €4,965
- Financial charges +€1,178
up €1,178 (+119%), from €991 to €2,169
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,851 | €52,521 | -€1,330 | -2.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €40,536 | €41,855 | +€1,320 | +3.3% |
| Tangible fixed assets | 22/27 | €36,786 | €38,105 | +€1,320 | +3.6% |
| Plant, machinery and equipment | 23 | €9,103 | €6,419 | -€2,685 | -29.5% |
| Other tangible fixed assets | 26 | €27,682 | €31,687 | +€4,004 | +14.5% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €13,316 | €10,665 | -€2,650 | -19.9% |
| Amounts receivable within one year | 40/41 | €11,234 | €7,066 | -€4,168 | -37.1% |
| Trade receivables | 40 | €11,234 | €381 | -€10,853 | -96.6% |
| Other amounts receivable | 41 | - | €6,685 | +€6,685 | |
| Cash at bank and in hand | 54/58 | - | €2,642 | +€2,642 | |
| Deferred charges and accrued income | 490/1 | €2,082 | €958 | -€1,124 | -54.0% |
| Total equity and liabilities | 10/49 | €53,851 | €52,521 | -€1,330 | -2.5% |
| Equity | 10/15 | -€106,466 | -€118,597 | -€12,131 | -11.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,466 | -€128,597 | -€12,131 | -10.4% |
| Amounts payable | 17/49 | €160,317 | €171,117 | +€10,800 | +6.7% |
| Amounts payable within one year | 42/48 | €160,317 | €170,997 | +€10,680 | +6.7% |
| Financial debts | 43 | €2,630 | - | -€2,630 | |
| Other loans | 439 | €2,630 | - | -€2,630 | |
| Trade debts | 44 | €49,214 | €16,481 | -€32,733 | -66.5% |
| Suppliers | 440/4 | €49,214 | €16,481 | -€32,733 | -66.5% |
| Taxes, remuneration and social security | 45 | €32,243 | €12,563 | -€19,680 | -61.0% |
| Taxes | 450/3 | €10,622 | €1,147 | -€9,475 | -89.2% |
| Remuneration and social security | 454/9 | €21,622 | €11,416 | -€10,205 | -47.2% |
| Other amounts payable | 47/48 | €76,230 | €141,953 | +€65,723 | +86.2% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Remuneration, social security and pensions | 62 | €90,828 | €59,257 | -€31,572 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,897 | €5,754 | -€1,143 | -16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,315 | €4,965 | +€3,650 | +277% |
| Gross operating margin | 9900 | €20,215 | €32,378 | +€12,162 | +60.2% |
| Operating profit (loss) | 9901 | -€78,825 | -€37,598 | +€41,227 | +52.3% |
| Financial income | 75/76B | €3 | €27,637 | +€27,634 | +973,041% |
| Recurring financial income | 75 | €3 | €137 | +€134 | +4,731% |
| Non-recurring financial income | 76B | - | €27,500 | +€27,500 | |
| Financial charges | 65/66B | €991 | €2,169 | +€1,178 | +119% |
| Recurring financial charges | 65 | €991 | €2,169 | +€1,178 | +119% |
| Profit (loss) for the period before taxes | 9903 | -€79,814 | -€12,131 | +€67,684 | +84.8% |
| Profit (loss) for the period | 9904 | -€79,814 | -€12,131 | +€67,684 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,814 | -€12,131 | +€67,684 | +84.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.