ENSEA: 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.
ENSEA
Largest movements
- Tangible fixed assets -€8,007
down €8,007 (-9.2%), from €86,726 to €78,719
of which Land and buildings: -€8,515
- Cash -€4,151
down €4,151 (-42.2%), from €9,838 to €5,686
mainly Net result for the year (-€9,729) and Tax, wage and social debts (-€3,000)
- Profit (loss) carried forward -€9,729
down €9,729, from €4,174 to -€5,555
- Tax, wage and social debts -€3,000
no longer reported in 2025 (was €3,000)
- Trade debts +€1,325
up €1,325 (+405%), from €327 to €1,653
of which Bills of exchange payable: +€1,653
- Gross operating margin -€9,129
down €9,129 (-77.4%), from €11,793 to €2,663
- Taxes -€561
no longer reported in 2025 (was €561)
- Depreciation +€385
up €385 (+4.4%), from €8,822 to €9,207
- Other operating charges +€159
up €159 (+5.4%), from €2,965 to €3,124
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 | €99,368 | €87,234 | -€12,134 | -12.2% |
| Fixed assets | 21/28 | €86,726 | €78,719 | -€8,007 | -9.2% |
| Tangible fixed assets | 22/27 | €86,726 | €78,719 | -€8,007 | -9.2% |
| Land and buildings | 22 | €82,527 | €74,012 | -€8,515 | -10.3% |
| Plant, machinery and equipment | 23 | €4,199 | €3,727 | -€472 | -11.2% |
| Furniture and vehicles | 24 | - | €980 | +€980 | |
| Current assets | 29/58 | €12,642 | €8,516 | -€4,126 | -32.6% |
| Amounts receivable within one year | 40/41 | €2,252 | €2,251 | -€1 | 0.0% |
| Other amounts receivable | 41 | €2,252 | €2,251 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €9,838 | €5,686 | -€4,151 | -42.2% |
| Deferred charges and accrued income | 490/1 | €552 | €578 | +€26 | +4.6% |
| Total equity and liabilities | 10/49 | €99,368 | €87,234 | -€12,134 | -12.2% |
| Equity | 10/15 | €93,381 | €83,651 | -€9,729 | -10.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €27,207 | €27,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €21,007 | €21,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,174 | -€5,555 | -€9,729 | |
| Amounts payable | 17/49 | €5,987 | €3,583 | -€2,404 | -40.2% |
| Amounts payable within one year | 42/48 | €5,257 | €3,583 | -€1,675 | -31.9% |
| Trade debts | 44 | €327 | €1,653 | +€1,325 | +405% |
| Suppliers | 440/4 | €327 | - | -€327 | |
| Bills of exchange payable | 441 | - | €1,653 | +€1,653 | |
| Taxes, remuneration and social security | 45 | €3,000 | - | -€3,000 | |
| Taxes | 450/3 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €1,930 | €1,930 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €730 | - | -€730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,822 | €9,207 | +€385 | +4.4% |
| Other operating charges | 640/8 | €2,965 | €3,124 | +€159 | +5.4% |
| Gross operating margin | 9900 | €11,793 | €2,663 | -€9,129 | -77.4% |
| Operating profit (loss) | 9901 | €5 | -€9,668 | -€9,673 | |
| Financial income | 75/76B | €15 | €14 | -€1 | -8.0% |
| Recurring financial income | 75 | €15 | €14 | -€1 | -8.0% |
| Financial charges | 65/66B | €94 | €75 | -€19 | -19.8% |
| Recurring financial charges | 65 | €94 | €75 | -€19 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€73 | -€9,729 | -€9,656 | -13,155% |
| Income taxes | 67/77 | €561 | - | -€561 | |
| Profit (loss) for the period | 9904 | -€634 | -€9,729 | -€9,095 | -1,435% |
| Profit (loss) for the period to be appropriated | 9905 | -€634 | -€9,729 | -€9,095 | -1,435% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.