Enhace: 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.
Enhace
Largest movements
- Cash -€64,430
down €64,430 (-97.4%), from €66,118 to €1,687
mainly Contributions, distributions and other (-€265,000) and Current portion of long-term debt (-€196,962)
- Trade debts +€363,000
new in 2025: €363,000
- Current portion of long-term debt -€196,962
down €196,962 (-50.5%), from €390,114 to €193,153
- Debts after one year -€193,153
down €193,153 (-12.4%), from €1.6m to €1.4m
- Advances received -€115,006
down €115,006 (-56.2%), from €204,500 to €89,494
- Other debts +€114,150
up €114,150 (+10.0%), from €1.1m to €1.3m
- Gross operating margin -€59,428
down €59,428 (-15.7%), from €378,307 to €318,879
- Financial charges +€7,769
up €7,769 (+19.1%), from €40,643 to €48,411
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 | €3,851,043 | €3,783,594 | -€67,448 | -1.8% |
| Fixed assets | 21/28 | €3,475,000 | €3,475,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,475,000 | €3,475,000 | = | 0.0% |
| Current assets | 29/58 | €376,043 | €308,594 | -€67,448 | -17.9% |
| Amounts receivable within one year | 40/41 | €309,925 | €306,907 | -€3,018 | -1.0% |
| Trade receivables | 40 | €303,025 | €300,000 | -€3,025 | -1.0% |
| Other amounts receivable | 41 | €6,900 | €6,907 | +€7 | +0.1% |
| Cash at bank and in hand | 54/58 | €66,118 | €1,687 | -€64,430 | -97.4% |
| Total equity and liabilities | 10/49 | €3,851,043 | €3,783,594 | -€67,448 | -1.8% |
| Equity | 10/15 | €501,772 | €504,925 | +€3,154 | +0.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | - | €3,154 | +€3,154 | |
| Distributable reserves | 133 | - | €3,154 | +€3,154 | |
| Profit (loss) carried forward | 14 | €1,772 | €1,772 | = | 0.0% |
| Amounts payable | 17/49 | €3,349,271 | €3,278,669 | -€70,602 | -2.1% |
| Amounts payable after more than one year | 17 | €1,561,553 | €1,368,400 | -€193,153 | -12.4% |
| Financial debts | 170/4 | €1,561,553 | €1,368,400 | -€193,153 | -12.4% |
| Amounts payable within one year | 42/48 | €1,787,718 | €1,910,269 | +€122,551 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €390,114 | €193,153 | -€196,962 | -50.5% |
| Trade debts | 44 | - | €363,000 | +€363,000 | |
| Suppliers | 440/4 | - | €363,000 | +€363,000 | |
| Advances received on contracts in progress | 46 | €204,500 | €89,494 | -€115,006 | -56.2% |
| Taxes, remuneration and social security | 45 | €50,794 | €8,162 | -€42,632 | -83.9% |
| Taxes | 450/3 | €50,794 | €8,162 | -€42,632 | -83.9% |
| Other amounts payable | 47/48 | €1,142,310 | €1,256,460 | +€114,150 | +10.0% |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Gross operating margin | 9900 | €378,307 | €318,879 | -€59,428 | -15.7% |
| Operating profit (loss) | 9901 | €377,779 | €317,737 | -€60,042 | -15.9% |
| Financial charges | 65/66B | €40,643 | €48,411 | +€7,769 | +19.1% |
| Recurring financial charges | 65 | €40,643 | €48,411 | +€7,769 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €337,136 | €269,325 | -€67,811 | -20.1% |
| Income taxes | 67/77 | €600 | €1,172 | +€572 | +95.3% |
| Profit (loss) for the period | 9904 | €336,536 | €268,154 | -€68,382 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €336,536 | €268,154 | -€68,382 | -20.3% |
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 14 October 2026 via checked.be.