ENIGMALOCK: 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.
ENIGMALOCK
Largest movements
- Cash +€9,695
up €9,695 (+212%), from €4,565 to €14,261
mainly Other debts (+€16,641) and Depreciation (+€11,286)
- Receivables within one year -€7,837
down €7,837 (-91.5%), from €8,569 to €733
of which Trade receivables: -€7,282
- Tangible fixed assets -€6,731
down €6,731 (-2.2%), from €299,381 to €292,650
of which Assets under construction and advance payments: -€27,224
- Other debts +€16,641
up €16,641 (+32.7%), from €50,891 to €67,532
- Profit (loss) carried forward -€9,689
down €9,689 (-76.3%), from -€12,706 to -€22,395
- Debts after one year -€7,224
down €7,224 (-3.8%), from €190,338 to €183,114
- Trade debts -€5,579
down €5,579 (-69.9%), from €7,985 to €2,406
- Gross operating margin -€7,432
down €7,432 (-35.7%), from €20,801 to €13,369
- Financial charges -€4,998
down €4,998 (-33.9%), from €14,747 to €9,749
- Depreciation -€4,258
down €4,258 (-27.4%), from €15,544 to €11,286
- Other operating charges -€1,207
down €1,207 (-37.4%), from €3,231 to €2,024
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 | €313,479 | €308,310 | -€5,169 | -1.6% |
| Fixed assets | 21/28 | €299,489 | €292,758 | -€6,731 | -2.2% |
| Tangible fixed assets | 22/27 | €299,381 | €292,650 | -€6,731 | -2.2% |
| Land and buildings | 22 | €256,466 | €248,883 | -€7,583 | -3.0% |
| Plant, machinery and equipment | 23 | €13,866 | €41,942 | +€28,076 | +202% |
| Assets under construction and advance payments | 27 | €29,049 | €1,825 | -€27,224 | -93.7% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €13,989 | €15,552 | +€1,562 | +11.2% |
| Amounts receivable within one year | 40/41 | €8,569 | €733 | -€7,837 | -91.5% |
| Trade receivables | 40 | €8,015 | €733 | -€7,282 | -90.9% |
| Other amounts receivable | 41 | €554 | €0 | -€554 | -100% |
| Cash at bank and in hand | 54/58 | €4,565 | €14,261 | +€9,695 | +212% |
| Deferred charges and accrued income | 490/1 | €855 | €558 | -€297 | -34.7% |
| Total equity and liabilities | 10/49 | €313,479 | €308,310 | -€5,169 | -1.6% |
| Equity | 10/15 | €55,844 | €46,155 | -€9,689 | -17.4% |
| Contributions | 10/11 | €68,550 | €68,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,706 | -€22,395 | -€9,689 | -76.3% |
| Amounts payable | 17/49 | €257,634 | €262,155 | +€4,520 | +1.8% |
| Amounts payable after more than one year | 17 | €190,338 | €183,114 | -€7,224 | -3.8% |
| Financial debts | 170/4 | €190,338 | €183,114 | -€7,224 | -3.8% |
| Amounts payable within one year | 42/48 | €66,439 | €78,235 | +€11,796 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €7,458 | €7,811 | +€353 | +4.7% |
| Trade debts | 44 | €7,985 | €2,406 | -€5,579 | -69.9% |
| Suppliers | 440/4 | €7,985 | €2,406 | -€5,579 | -69.9% |
| Taxes, remuneration and social security | 45 | €105 | €486 | +€381 | +362% |
| Taxes | 450/3 | €105 | €486 | +€381 | +362% |
| Other amounts payable | 47/48 | €50,891 | €67,532 | +€16,641 | +32.7% |
| Accrued charges and deferred income | 492/3 | €857 | €805 | -€52 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,544 | €11,286 | -€4,258 | -27.4% |
| Other operating charges | 640/8 | €3,231 | €2,024 | -€1,207 | -37.4% |
| Gross operating margin | 9900 | €20,801 | €13,369 | -€7,432 | -35.7% |
| Operating profit (loss) | 9901 | €2,027 | €60 | -€1,967 | -97.0% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €14,747 | €9,749 | -€4,998 | -33.9% |
| Recurring financial charges | 65 | €14,747 | €9,749 | -€4,998 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,706 | -€9,689 | +€3,017 | +23.7% |
| Profit (loss) for the period | 9904 | -€12,706 | -€9,689 | +€3,017 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,706 | -€9,689 | +€3,017 | +23.7% |
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 15 October 2026 via checked.be.