ENSATEC: what changed
ENSATEC
Largest movements
- Receivables within one year +€527,029
up €527,029 (+188%), from €279,814 to €806,843
of which Trade receivables: +€502,863
- Stocks and contracts -€125,679
down €125,679 (-85.4%), from €147,187 to €21,508
- Cash -€83,225
down €83,225 (-49.7%), from €167,423 to €84,198
mainly Receivables within one year (-€527,029) and Accrued charges and deferred income (-€198,993)
- Intangible fixed assets -€54,874
down €54,874 (-24.1%), from €227,625 to €172,751
- Deferred charges and accrued income +€43,281
up €43,281 (+258%), from €16,791 to €60,072
- Profit (loss) carried forward +€299,176
up €299,176, from -€299,176 to €0
- Trade debts +€248,940
up €248,940 (+41.0%), from €607,426 to €856,366
- Accrued charges and deferred income -€198,993
down €198,993 (-84.2%), from €236,277 to €37,284
- Other debts -€52,648
down €52,648 (-100%), from €52,648 to €0
- Tax, wage and social debts +€38,035
up €38,035 (+18.3%), from €208,050 to €246,085
of which Taxes: +€34,046
- Gross operating margin +€900,749
up €900,749 (+355%), from €253,847 to €1.2m
- Staff costs +€130,102
up €130,102 (+20.3%), from €640,732 to €770,835
- Financial charges +€19,010
up €19,010 (+438%), from €4,336 to €23,346
- Depreciation +€17,771
up €17,771 (+40.7%), from €43,670 to €61,441
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €851,725 | €1,160,944 | +€309,219 | +36.3% |
| Fixed assets | 21/28 | €240,510 | €188,322 | -€52,188 | -21.7% |
| Intangible fixed assets | 21 | €227,625 | €172,751 | -€54,874 | -24.1% |
| Tangible fixed assets | 22/27 | €9,245 | €4,875 | -€4,370 | -47.3% |
| Plant, machinery and equipment | 23 | €449 | €103 | -€345 | -77.0% |
| Furniture and vehicles | 24 | €8,796 | €4,771 | -€4,025 | -45.8% |
| Financial fixed assets | 28 | €3,641 | €10,697 | +€7,056 | +194% |
| Current assets | 29/58 | €611,215 | €972,622 | +€361,407 | +59.1% |
| Stocks and contracts in progress | 3 | €147,187 | €21,508 | -€125,679 | -85.4% |
| Stocks | 30/36 | €147,187 | €21,508 | -€125,679 | -85.4% |
| Amounts receivable within one year | 40/41 | €279,814 | €806,843 | +€527,029 | +188% |
| Trade receivables | 40 | €191,075 | €693,938 | +€502,863 | +263% |
| Other amounts receivable | 41 | €88,739 | €112,905 | +€24,166 | +27.2% |
| Cash at bank and in hand | 54/58 | €167,423 | €84,198 | -€83,225 | -49.7% |
| Deferred charges and accrued income | 490/1 | €16,791 | €60,072 | +€43,281 | +258% |
| Total equity and liabilities | 10/49 | €851,725 | €1,160,944 | +€309,219 | +36.3% |
| Equity | 10/15 | -€296,176 | €3,626 | +€299,802 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | €626 | +€626 | |
| Distributable reserves | 133 | €0 | €626 | +€626 | |
| Profit (loss) carried forward | 14 | -€299,176 | €0 | +€299,176 | |
| Amounts payable | 17/49 | €1,147,901 | €1,157,318 | +€9,417 | +0.8% |
| Amounts payable within one year | 42/48 | €911,625 | €1,120,034 | +€208,410 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €43,500 | €17,583 | -€25,917 | -59.6% |
| Credit institutions | 430/8 | €43,500 | €17,583 | -€25,917 | -59.6% |
| Trade debts | 44 | €607,426 | €856,366 | +€248,940 | +41.0% |
| Suppliers | 440/4 | €607,426 | €856,366 | +€248,940 | +41.0% |
| Taxes, remuneration and social security | 45 | €208,050 | €246,085 | +€38,035 | +18.3% |
| Taxes | 450/3 | €66,635 | €100,681 | +€34,046 | +51.1% |
| Remuneration and social security | 454/9 | €141,416 | €145,404 | +€3,989 | +2.8% |
| Other amounts payable | 47/48 | €52,648 | €0 | -€52,648 | -100% |
| Accrued charges and deferred income | 492/3 | €236,277 | €37,284 | -€198,993 | -84.2% |
| Remuneration, social security and pensions | 62 | €640,732 | €770,835 | +€130,102 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,670 | €61,441 | +€17,771 | +40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,260 | €0 | -€1,260 | -100% |
| Other operating charges | 640/8 | €6,103 | €3,394 | -€2,709 | -44.4% |
| Non-recurring operating charges | 66A | €8,894 | €0 | -€8,894 | -100% |
| Gross operating margin | 9900 | €253,847 | €1,154,596 | +€900,749 | +355% |
| Operating profit (loss) | 9901 | -€446,813 | €318,927 | +€765,739 | |
| Financial income | 75/76B | €6,390 | €5,564 | -€826 | -12.9% |
| Recurring financial income | 75 | €6,390 | €5,564 | -€826 | -12.9% |
| Financial charges | 65/66B | €4,336 | €23,346 | +€19,010 | +438% |
| Recurring financial charges | 65 | €4,336 | €23,346 | +€19,010 | +438% |
| Profit (loss) for the period before taxes | 9903 | -€444,758 | €301,144 | +€745,903 | |
| Income taxes | 67/77 | €9,629 | €1,342 | -€8,287 | -86.1% |
| Profit (loss) for the period | 9904 | -€454,387 | €299,802 | +€754,190 | |
| Profit (loss) for the period to be appropriated | 9905 | -€454,387 | €299,802 | +€754,190 |
Next steps
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 4 November 2026 via checked.be.