ENKA PROPERTY: what changed
What changed
ENKA PROPERTY
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€21,668
2024 · -€56,475+€34,807
Equity
€701,633
2024 · €723,301-€21,668
Cash
€12,056
2024 · €11,842+€214
Balance sheet total
€1.2m
2024 · €1.7m-€497,985
Largest movements
Assets
- Receivables after one year -€441,176
down €441,176 (-54.6%), from €808,315 to €367,138
- Tangible fixed assets -€57,023
down €57,023 (-6.3%), from €903,495 to €846,472
of which Leasing and similar rights: -€44,099
Equity and liabilities
- Short-term financial debts -€416,250
down €416,250 (-100%), from €416,250 to €0
- Debts after one year -€32,128
down €32,128 (-19.2%), from €167,637 to €135,509
- Reserves -€21,668
down €21,668 (-3.3%), from €661,301 to €639,633
of which Tax-exempt reserves: -€31,838
Income statement
- Gross operating margin +€33,169
up €33,169 (+801%), from €4,142 to €37,311
- Financial charges -€16,817
down €16,817 (-51.4%), from €32,709 to €15,892
- Financial income -€14,505
down €14,505 (-44.4%), from €32,692 to €18,187
- Other operating charges +€674
up €674 (+3.4%), from €19,971 to €20,645
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.
Result 2024
-€56,475
Gross operating margin
+€33,169
Other operating charges
-€674
Financial income
-€14,505
Financial charges
+€16,817
Result 2025
-€21,668
raises the resultlowers the result
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.
From operations
+€448,592
Investment
€0
Financing
-€448,378
Cash 2024
€11,842
From operations (derived)
+€448,592
Net result for the year
-€21,668
Depreciation
+€57,023
Receivables after one year
+€441,176
Provisions
-€16,394
Trade debts
-€12,000
Smaller working-capital items
+€455
Financing
-€448,378
Debts after one year
-€32,128
Short-term financial debts
-€416,250
Cash 2025
€12,056
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,733,780 | €1,235,794 | -€497,985 | -28.7% |
| Fixed assets | 21/28 | €903,495 | €846,472 | -€57,023 | -6.3% |
| Tangible fixed assets | 22/27 | €903,495 | €846,472 | -€57,023 | -6.3% |
| Land and buildings | 22 | €291,454 | €278,531 | -€12,923 | -4.4% |
| Leasing and similar rights | 25 | €612,041 | €567,942 | -€44,099 | -7.2% |
| Current assets | 29/58 | €830,285 | €389,322 | -€440,963 | -53.1% |
| Amounts receivable after more than one year | 29 | €808,315 | €367,138 | -€441,176 | -54.6% |
| Other amounts receivable | 291 | €808,315 | €367,138 | -€441,176 | -54.6% |
| Current investments | 50/53 | €10,128 | €10,128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,842 | €12,056 | +€214 | +1.8% |
| Total equity and liabilities | 10/49 | €1,733,780 | €1,235,794 | -€497,985 | -28.7% |
| Equity | 10/15 | €723,301 | €701,633 | -€21,668 | -3.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €661,301 | €639,633 | -€21,668 | -3.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €485,438 | €453,600 | -€31,838 | -6.6% |
| Distributable reserves | 133 | €169,662 | €179,833 | +€10,171 | +6.0% |
| Provisions and deferred taxes | 16 | €249,963 | €233,568 | -€16,394 | -6.6% |
| Deferred taxes | 168 | €249,963 | €233,568 | -€16,394 | -6.6% |
| Amounts payable | 17/49 | €760,516 | €300,593 | -€459,923 | -60.5% |
| Amounts payable after more than one year | 17 | €167,637 | €135,509 | -€32,128 | -19.2% |
| Financial debts | 170/4 | €167,637 | €135,509 | -€32,128 | -19.2% |
| Amounts payable within one year | 42/48 | €490,621 | €62,128 | -€428,493 | -87.3% |
| Current portion of amounts payable after more than one year | 42 | €32,128 | €32,128 | = | 0.0% |
| Financial debts | 43 | €416,250 | €0 | -€416,250 | -100% |
| Credit institutions | 430/8 | €416,250 | €0 | -€416,250 | -100% |
| Trade debts | 44 | €42,000 | €30,000 | -€12,000 | -28.6% |
| Suppliers | 440/4 | €42,000 | €30,000 | -€12,000 | -28.6% |
| Taxes, remuneration and social security | 45 | €243 | €0 | -€243 | -100% |
| Taxes | 450/3 | €243 | €0 | -€243 | -100% |
| Accrued charges and deferred income | 492/3 | €102,258 | €102,956 | +€698 | +0.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,023 | €57,023 | = | 0.0% |
| Other operating charges | 640/8 | €19,971 | €20,645 | +€674 | +3.4% |
| Gross operating margin | 9900 | €4,142 | €37,311 | +€33,169 | +801% |
| Operating profit (loss) | 9901 | -€72,852 | -€40,357 | +€32,495 | +44.6% |
| Financial income | 75/76B | €32,692 | €18,187 | -€14,505 | -44.4% |
| Recurring financial income | 75 | €32,692 | €18,187 | -€14,505 | -44.4% |
| Financial charges | 65/66B | €32,709 | €15,892 | -€16,817 | -51.4% |
| Recurring financial charges | 65 | €32,709 | €15,892 | -€16,817 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,869 | -€38,062 | +€34,807 | +47.8% |
| Transfer from deferred taxes | 780 | €16,394 | €16,394 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€56,475 | -€21,668 | +€34,807 | +61.6% |
| Transfer from tax-exempt reserves | 789 | €31,838 | €31,838 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,636 | €10,171 | +€34,807 |
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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 2 November 2026 via checked.be.