ENSAVA: 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.
ENSAVA
Largest movements
- Tangible fixed assets +€8,215
up €8,215 (+1840.3%), from €446 to €8,662
- Cash -€6,208
down €6,208 (-17.2%), from €36,167 to €29,959
mainly Investment in fixed assets (net) (-€9,406) and Deferred charges and accrued income (-€5,622)
- Deferred charges and accrued income +€5,622
up €5,622 (+280.3%), from €2,005 to €7,627
- Receivables within one year -€818
down €818 (-82.7%), from €989 to €171
of which Other amounts receivable: -€989
- Reserves +€6,807
up €6,807 (+23.7%), from €28,694 to €35,501
- Trade debts -€1,269
down €1,269 (-40.0%), from €3,171 to €1,903
- Tax, wage and social debts +€1,196
up €1,196 (+33.7%), from €3,548 to €4,744
- Gross operating margin +€2,524
up €2,524 (+25.3%), from €9,963 to €12,488
- Depreciation +€934
up €934 (+364.5%), from €256 to €1,191
- Taxes +€782
up €782 (+28.8%), from €2,712 to €3,494
- Financial income -€195
no longer reported in 2026 (was €195)
of which Financial income: -€195
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,608 | €46,420 | +€6,812 | +17.2% |
| Fixed assets | 21/28 | €446 | €8,662 | +€8,215 | +1840.3% |
| Tangible fixed assets | 22/27 | €446 | €8,662 | +€8,215 | +1840.3% |
| Furniture and vehicles | 24 | €446 | €8,662 | +€8,215 | +1840.3% |
| Current assets | 29/58 | €39,162 | €37,758 | -€1,404 | -3.6% |
| Amounts receivable within one year | 40/41 | €989 | €171 | -€818 | -82.7% |
| Trade receivables | 40 | - | €171 | +€171 | |
| Other amounts receivable | 41 | €989 | - | -€989 | |
| Cash at bank and in hand | 54/58 | €36,167 | €29,959 | -€6,208 | -17.2% |
| Deferred charges and accrued income | 490/1 | €2,005 | €7,627 | +€5,622 | +280.3% |
| Total equity and liabilities | 10/49 | €39,608 | €46,420 | +€6,812 | +17.2% |
| Equity | 10/15 | €31,694 | €38,501 | +€6,807 | +21.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,694 | €35,501 | +€6,807 | +23.7% |
| Distributable reserves | 133 | €28,694 | €35,501 | +€6,807 | +23.7% |
| Amounts payable | 17/49 | €7,914 | €7,918 | +€5 | +0.1% |
| Amounts payable within one year | 42/48 | €7,579 | €7,250 | -€329 | -4.3% |
| Trade debts | 44 | €3,171 | €1,903 | -€1,269 | -40.0% |
| Suppliers | 440/4 | €3,171 | €1,903 | -€1,269 | -40.0% |
| Taxes, remuneration and social security | 45 | €3,548 | €4,744 | +€1,196 | +33.7% |
| Taxes | 450/3 | €3,548 | €4,744 | +€1,196 | +33.7% |
| Other amounts payable | 47/48 | €859 | €603 | -€256 | -29.8% |
| Accrued charges and deferred income | 492/3 | €335 | €669 | +€334 | +99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €1,191 | +€934 | +364.5% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €9,963 | €12,488 | +€2,524 | +25.3% |
| Operating profit (loss) | 9901 | €9,643 | €11,231 | +€1,588 | +16.5% |
| Financial income | 75/76B | €195 | - | -€195 | |
| Recurring financial income | 75 | €195 | - | -€195 | |
| Non-recurring financial income | 76B | €195 | - | -€195 | |
| Financial charges | 65/66B | €113 | €97 | -€15 | -13.5% |
| Recurring financial charges | 65 | €113 | €97 | -€15 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €9,726 | €11,134 | +€1,408 | +14.5% |
| Income taxes | 67/77 | €2,712 | €3,494 | +€782 | +28.8% |
| Profit (loss) for the period | 9904 | €7,014 | €7,640 | +€626 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,014 | €7,640 | +€626 | +8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.