Enigma Glow Solutions: 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 Glow Solutions
Largest movements
- Cash +€39,478
up €39,478 (+109%), from €36,185 to €75,663
mainly Net result for the year (+€36,119) and Depreciation (+€10,510)
- Tangible fixed assets -€10,510
down €10,510 (-25.8%), from €40,797 to €30,287
- Receivables within one year +€2,813
up €2,813 (+33.9%), from €8,300 to €11,113
of which Other amounts receivable: +€2,016
- Deferred charges and accrued income +€1,649
up €1,649 (+317%), from €520 to €2,169
- Profit (loss) carried forward +€36,119
up €36,119 (+133%), from €27,056 to €63,175
- Debts after one year -€10,035
down €10,035 (-32.0%), from €31,341 to €21,306
- Tax, wage and social debts +€5,642
up €5,642 (+50.9%), from €11,084 to €16,726
of which Taxes: +€8,742
- Trade debts +€2,518
up €2,518 (+535%), from €471 to €2,990
- Other debts -€1,206
no longer reported in 2025 (was €1,206)
- Gross operating margin +€19,525
up €19,525 (+50.2%), from €38,912 to €58,436
- Taxes +€4,455
up €4,455 (+78.9%), from €5,645 to €10,099
- Financial charges -€782
down €782 (-33.8%), from €2,316 to €1,534
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 | €85,802 | €119,231 | +€33,429 | +39.0% |
| Fixed assets | 21/28 | €40,797 | €30,287 | -€10,510 | -25.8% |
| Tangible fixed assets | 22/27 | €40,797 | €30,287 | -€10,510 | -25.8% |
| Furniture and vehicles | 24 | €40,797 | €30,287 | -€10,510 | -25.8% |
| Current assets | 29/58 | €45,005 | €88,944 | +€43,940 | +97.6% |
| Amounts receivable within one year | 40/41 | €8,300 | €11,113 | +€2,813 | +33.9% |
| Trade receivables | 40 | €8,300 | €9,097 | +€797 | +9.6% |
| Other amounts receivable | 41 | - | €2,016 | +€2,016 | |
| Cash at bank and in hand | 54/58 | €36,185 | €75,663 | +€39,478 | +109% |
| Deferred charges and accrued income | 490/1 | €520 | €2,169 | +€1,649 | +317% |
| Total equity and liabilities | 10/49 | €85,802 | €119,231 | +€33,429 | +39.0% |
| Equity | 10/15 | €32,056 | €68,175 | +€36,119 | +113% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,056 | €63,175 | +€36,119 | +133% |
| Amounts payable | 17/49 | €53,746 | €51,056 | -€2,690 | -5.0% |
| Amounts payable after more than one year | 17 | €31,341 | €21,306 | -€10,035 | -32.0% |
| Financial debts | 170/4 | €31,341 | €21,306 | -€10,035 | -32.0% |
| Amounts payable within one year | 42/48 | €22,406 | €29,751 | +€7,345 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €9,644 | €10,035 | +€391 | +4.1% |
| Trade debts | 44 | €471 | €2,990 | +€2,518 | +535% |
| Suppliers | 440/4 | €471 | €2,990 | +€2,518 | +535% |
| Taxes, remuneration and social security | 45 | €11,084 | €16,726 | +€5,642 | +50.9% |
| Taxes | 450/3 | €7,984 | €16,726 | +€8,742 | +109% |
| Remuneration and social security | 454/9 | €3,100 | - | -€3,100 | |
| Other amounts payable | 47/48 | €1,206 | - | -€1,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,368 | €10,510 | +€143 | +1.4% |
| Other operating charges | 640/8 | €605 | €246 | -€359 | -59.3% |
| Gross operating margin | 9900 | €38,912 | €58,436 | +€19,525 | +50.2% |
| Operating profit (loss) | 9901 | €27,939 | €47,680 | +€19,741 | +70.7% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €2,316 | €1,534 | -€782 | -33.8% |
| Recurring financial charges | 65 | €2,316 | €1,534 | -€782 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €25,623 | €46,218 | +€20,596 | +80.4% |
| Income taxes | 67/77 | €5,645 | €10,099 | +€4,455 | +78.9% |
| Profit (loss) for the period | 9904 | €19,978 | €36,119 | +€16,141 | +80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,978 | €36,119 | +€16,141 | +80.8% |
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 19 October 2026 via checked.be.