ENMAT Services: what changed
Two fiscal 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.
ENMAT Services
Largest movements
- Cash -€1,327
down €1,327 (-95.0%), from €1,396 to €70
mainly Net result for the year (-€2,335)
- Formation expenses -€605
down €605 (-25.0%), from €2,420 to €1,815
- Receivables within one year -€100
down €100 (-1.7%), from €5,789 to €5,689
of which Other amounts receivable: -€100
- Profit (loss) carried forward -€2,335
down €2,335 (-32.2%), from -€7,258 to -€9,593
- Trade debts +€291
new in 2025: €291
- Financial charges -€67
down €67 (-22.9%), from €295 to €227
- Gross operating margin +€18
up €18 (+1.2%), from -€1,520 to -€1,503
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.
Cash bridge derived
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 | €9,605 | €7,573 | -€2,032 | -21.2% |
| Formation expenses | 20 | €2,420 | €1,815 | -€605 | -25.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €7,185 | €5,758 | -€1,427 | -19.9% |
| Amounts receivable within one year | 40/41 | €5,789 | €5,689 | -€100 | -1.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,789 | €5,689 | -€100 | -1.7% |
| Cash at bank and in hand | 54/58 | €1,396 | €70 | -€1,327 | -95.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,605 | €7,573 | -€2,032 | -21.2% |
| Equity | 10/15 | €9,605 | €7,270 | -€2,335 | -24.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €4,363 | €4,363 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €173 | €173 | = | 0.0% |
| Distributable reserves | 133 | €4,190 | €4,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,258 | -€9,593 | -€2,335 | -32.2% |
| Amounts payable | 17/49 | €0 | €303 | +€303 | |
| Amounts payable within one year | 42/48 | €0 | €303 | +€303 | |
| Financial debts | 43 | €0 | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | - | €291 | +€291 | |
| Suppliers | 440/4 | - | €291 | +€291 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €605 | = | 0.0% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€1,520 | -€1,503 | +€18 | +1.2% |
| Operating profit (loss) | 9901 | -€2,125 | -€2,108 | +€18 | +0.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €295 | €227 | -€67 | -22.9% |
| Recurring financial charges | 65 | €295 | €227 | -€67 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,417 | -€2,335 | +€82 | +3.4% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,418 | -€2,335 | +€83 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,418 | -€2,335 | +€83 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.