Ensar: 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.
Ensar
Largest movements
- Receivables within one year -€29,885
down €29,885 (-34.4%), from €86,776 to €56,892
of which Other amounts receivable: -€48,885
- Accrued charges and deferred income -€375,624
down €375,624 (-99.7%), from €376,912 to €1,287
- Debts after one year +€314,042
new in 2025: €314,042
- Current portion of long-term debt +€35,017
up €35,017, from €0 to €35,017
- Reserves -€23,893
down €23,893 (-8.1%), from €293,869 to €269,976
- Other debts +€14,913
up €14,913 (+570.9%), from €2,612 to €17,525
- Financial charges -€4,847
down €4,847 (-23.3%), from €20,812 to €15,964
- Gross operating margin -€813
down €813 (-13.9%), from -€5,866 to -€6,679
- Other operating charges -€700
down €700 (-35.9%), from €1,949 to €1,250
- Depreciation -€155
down €155 (-100.0%), from €155 to €0
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 | €686,882 | €656,918 | -€29,964 | -4.4% |
| Fixed assets | 21/28 | €600,000 | €600,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €600,000 | €600,000 | = | 0.0% |
| Land and buildings | 22 | €600,000 | €600,000 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €86,882 | €56,918 | -€29,964 | -34.5% |
| Amounts receivable within one year | 40/41 | €86,776 | €56,892 | -€29,885 | -34.4% |
| Trade receivables | 40 | - | €19,000 | +€19,000 | |
| Other amounts receivable | 41 | €86,776 | €37,892 | -€48,885 | -56.3% |
| Cash at bank and in hand | 54/58 | €106 | €27 | -€79 | -74.9% |
| Total equity and liabilities | 10/49 | €686,882 | €656,918 | -€29,964 | -4.4% |
| Equity | 10/15 | €306,269 | €282,376 | -€23,893 | -7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,869 | €269,976 | -€23,893 | -8.1% |
| Distributable reserves | 133 | €293,869 | €269,976 | -€23,893 | -8.1% |
| Amounts payable | 17/49 | €380,613 | €374,542 | -€6,071 | -1.6% |
| Amounts payable after more than one year | 17 | - | €314,042 | +€314,042 | |
| Financial debts | 170/4 | - | €314,042 | +€314,042 | |
| Amounts payable within one year | 42/48 | €3,702 | €59,212 | +€55,511 | +1499.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €35,017 | +€35,017 | |
| Financial debts | 43 | - | €3,917 | +€3,917 | |
| Credit institutions | 430/8 | - | €3,917 | +€3,917 | |
| Trade debts | 44 | €1,090 | €2,753 | +€1,663 | +152.7% |
| Suppliers | 440/4 | €1,090 | €2,753 | +€1,663 | +152.7% |
| Other amounts payable | 47/48 | €2,612 | €17,525 | +€14,913 | +570.9% |
| Accrued charges and deferred income | 492/3 | €376,912 | €1,287 | -€375,624 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155 | €0 | -€155 | -100.0% |
| Other operating charges | 640/8 | €1,949 | €1,250 | -€700 | -35.9% |
| Gross operating margin | 9900 | -€5,866 | -€6,679 | -€813 | -13.9% |
| Operating profit (loss) | 9901 | -€7,970 | -€7,928 | +€42 | +0.5% |
| Financial charges | 65/66B | €20,812 | €15,964 | -€4,847 | -23.3% |
| Recurring financial charges | 65 | €20,812 | €15,964 | -€4,847 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,782 | -€23,893 | +€4,889 | +17.0% |
| Profit (loss) for the period | 9904 | -€28,782 | -€23,893 | +€4,889 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,782 | -€23,893 | +€4,889 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.