ENKODIA: 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.
ENKODIA
Largest movements
- Receivables within one year -€25,098
down €25,098 (-36.3%), from €69,059 to €43,962
of which Trade receivables: -€21,492
- Cash +€22,416
up €22,416 (+1,658%), from €1,352 to €23,768
mainly Receivables within one year (+€25,098) and Other debts (+€22,500)
- Tangible fixed assets +€10,314
up €10,314 (+144%), from €7,157 to €17,471
of which Other tangible fixed assets: +€6,892
- Other debts +€22,500
new in 2025: €22,500
- Profit (loss) carried forward -€10,750
down €10,750 (-22.9%), from €46,998 to €36,249
- Tax, wage and social debts -€6,179
down €6,179 (-46.5%), from €13,279 to €7,100
- Trade debts +€2,357
up €2,357 (+102%), from €2,307 to €4,664
- Gross operating margin -€18,074
down €18,074 (-39.6%), from €45,699 to €27,625
- Taxes +€917
up €917 (+12.0%), from €7,650 to €8,567
- Depreciation -€708
down €708 (-16.9%), from €4,175 to €3,468
- Financial charges -€685
down €685 (-12.9%), from €5,312 to €4,627
- Financial income -€563
down €563 (-30.5%), from €1,845 to €1,282
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 | €83,237 | €91,172 | +€7,935 | +9.5% |
| Fixed assets | 21/28 | €9,157 | €19,471 | +€10,314 | +113% |
| Tangible fixed assets | 22/27 | €7,157 | €17,471 | +€10,314 | +144% |
| Furniture and vehicles | 24 | €7,157 | €10,579 | +€3,421 | +47.8% |
| Other tangible fixed assets | 26 | - | €6,892 | +€6,892 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €74,079 | €71,701 | -€2,378 | -3.2% |
| Amounts receivable within one year | 40/41 | €69,059 | €43,962 | -€25,098 | -36.3% |
| Trade receivables | 40 | €45,397 | €23,906 | -€21,492 | -47.3% |
| Other amounts receivable | 41 | €23,662 | €20,056 | -€3,606 | -15.2% |
| Cash at bank and in hand | 54/58 | €1,352 | €23,768 | +€22,416 | +1,658% |
| Deferred charges and accrued income | 490/1 | €3,668 | €3,971 | +€304 | +8.3% |
| Total equity and liabilities | 10/49 | €83,237 | €91,172 | +€7,935 | +9.5% |
| Equity | 10/15 | €67,458 | €56,709 | -€10,750 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,998 | €36,249 | -€10,750 | -22.9% |
| Amounts payable | 17/49 | €15,778 | €34,463 | +€18,685 | +118% |
| Amounts payable within one year | 42/48 | €15,586 | €34,263 | +€18,678 | +120% |
| Trade debts | 44 | €2,307 | €4,664 | +€2,357 | +102% |
| Suppliers | 440/4 | €2,307 | €4,664 | +€2,357 | +102% |
| Taxes, remuneration and social security | 45 | €13,279 | €7,100 | -€6,179 | -46.5% |
| Taxes | 450/3 | €13,279 | €7,100 | -€6,179 | -46.5% |
| Other amounts payable | 47/48 | - | €22,500 | +€22,500 | |
| Accrued charges and deferred income | 492/3 | €192 | €200 | +€8 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,175 | €3,468 | -€708 | -16.9% |
| Other operating charges | 640/8 | €761 | €494 | -€266 | -35.0% |
| Gross operating margin | 9900 | €45,699 | €27,625 | -€18,074 | -39.6% |
| Operating profit (loss) | 9901 | €40,763 | €23,663 | -€17,100 | -41.9% |
| Financial income | 75/76B | €1,845 | €1,282 | -€563 | -30.5% |
| Recurring financial income | 75 | €1,845 | €1,282 | -€563 | -30.5% |
| Financial charges | 65/66B | €5,312 | €4,627 | -€685 | -12.9% |
| Recurring financial charges | 65 | €5,312 | €4,627 | -€685 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €37,296 | €20,318 | -€16,979 | -45.5% |
| Income taxes | 67/77 | €7,650 | €8,567 | +€917 | +12.0% |
| Profit (loss) for the period | 9904 | €29,646 | €11,750 | -€17,896 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,646 | €11,750 | -€17,896 | -60.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.