ENIGMA ENGINEERING: 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.
ENIGMA ENGINEERING
Largest movements
- Cash +€139,808
up €139,808 (+55.3%), from €252,749 to €392,557
mainly Net result for the year (+€121,048) and Tax, wage and social debts (+€50,749)
- Reserves +€120,000
up €120,000 (+79.1%), from €151,700 to €271,700
- Tax, wage and social debts +€50,749
up €50,749 (+67.9%), from €74,779 to €125,528
- Other debts -€31,557
down €31,557 (-73.3%), from €43,038 to €11,481
- Gross operating margin -€45,462
down €45,462 (-20.9%), from €217,182 to €171,720
- Taxes -€14,908
down €14,908 (-22.8%), from €65,396 to €50,488
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 | €271,099 | €411,431 | +€140,332 | +51.8% |
| Current assets | 29/58 | €271,099 | €411,431 | +€140,332 | +51.8% |
| Amounts receivable within one year | 40/41 | €18,350 | €18,874 | +€524 | +2.9% |
| Trade receivables | 40 | €18,350 | €18,874 | +€524 | +2.9% |
| Cash at bank and in hand | 54/58 | €252,749 | €392,557 | +€139,808 | +55.3% |
| Total equity and liabilities | 10/49 | €271,099 | €411,431 | +€140,332 | +51.8% |
| Equity | 10/15 | €151,833 | €272,880 | +€121,048 | +79.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €151,700 | €271,700 | +€120,000 | +79.1% |
| Distributable reserves | 133 | €151,700 | €271,700 | +€120,000 | +79.1% |
| Profit (loss) carried forward | 14 | €33 | €1,080 | +€1,048 | +3,198% |
| Amounts payable | 17/49 | €119,267 | €138,551 | +€19,284 | +16.2% |
| Amounts payable within one year | 42/48 | €119,267 | €138,551 | +€19,284 | +16.2% |
| Trade debts | 44 | €1,450 | €1,542 | +€92 | +6.4% |
| Suppliers | 440/4 | €1,450 | €1,542 | +€92 | +6.4% |
| Taxes, remuneration and social security | 45 | €74,779 | €125,528 | +€50,749 | +67.9% |
| Taxes | 450/3 | €74,779 | €125,528 | +€50,749 | +67.9% |
| Other amounts payable | 47/48 | €43,038 | €11,481 | -€31,557 | -73.3% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €217,182 | €171,720 | -€45,462 | -20.9% |
| Operating profit (loss) | 9901 | €217,182 | €171,576 | -€45,606 | -21.0% |
| Financial charges | 65/66B | €53 | €40 | -€13 | -24.1% |
| Recurring financial charges | 65 | €53 | €40 | -€13 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €217,129 | €171,535 | -€45,594 | -21.0% |
| Income taxes | 67/77 | €65,396 | €50,488 | -€14,908 | -22.8% |
| Profit (loss) for the period | 9904 | €151,733 | €121,048 | -€30,685 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €151,733 | €121,048 | -€30,685 | -20.2% |
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 24 October 2026 via checked.be.