ENSEMBLE DE MAINS: 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.
ENSEMBLE DE MAINS
Largest movements
- Cash +€19,316
up €19,316 (+763%), from €2,532 to €21,848
mainly Depreciation (+€11,691) and Receivables within one year (+€10,805)
- Receivables within one year -€10,805
down €10,805 (-53.2%), from €20,310 to €9,505
of which Other amounts receivable: -€8,139
- Tangible fixed assets +€5,330
up €5,330 (+23.9%), from €22,304 to €27,635
of which Plant, machinery and equipment: +€5,712
- Deferred charges and accrued income -€1,981
down €1,981 (-1.9%), from €104,085 to €102,104
- Short-term financial debts -€7,015
down €7,015 (-62.0%), from €11,316 to €4,302
- Current portion of long-term debt +€6,582
new in 2025: €6,582
- Accrued charges and deferred income +€5,655
up €5,655 (+7.3%), from €77,421 to €83,076
- Reserves +€2,797
up €2,797 (+150%), from €1,860 to €4,657
of which Distributable reserves: +€2,797
- Debts after one year +€2,263
up €2,263 (+31.7%), from €7,144 to €9,408
- Gross operating margin +€63,225
up €63,225 (+226%), from €27,953 to €91,179
- Financial charges +€60,433
up €60,433 (+3,524%), from €1,715 to €62,148
of which Non-recurring financial charges: +€60,836
- Staff costs -€21,383
down €21,383 (-82.6%), from €25,882 to €4,499
- Taxes +€3,234
up €3,234 (+137%), from €2,356 to €5,590
- Other operating charges +€1,622
up €1,622 (+57.2%), from €2,833 to €4,455
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 | €149,231 | €161,092 | +€11,861 | +7.9% |
| Fixed assets | 21/28 | €22,304 | €27,635 | +€5,330 | +23.9% |
| Tangible fixed assets | 22/27 | €22,304 | €27,635 | +€5,330 | +23.9% |
| Plant, machinery and equipment | 23 | €12,248 | €17,960 | +€5,712 | +46.6% |
| Furniture and vehicles | 24 | €10,057 | €9,675 | -€382 | -3.8% |
| Current assets | 29/58 | €126,927 | €133,457 | +€6,531 | +5.1% |
| Amounts receivable within one year | 40/41 | €20,310 | €9,505 | -€10,805 | -53.2% |
| Trade receivables | 40 | €2,666 | - | -€2,666 | |
| Other amounts receivable | 41 | €17,644 | €9,505 | -€8,139 | -46.1% |
| Cash at bank and in hand | 54/58 | €2,532 | €21,848 | +€19,316 | +763% |
| Deferred charges and accrued income | 490/1 | €104,085 | €102,104 | -€1,981 | -1.9% |
| Total equity and liabilities | 10/49 | €149,231 | €161,092 | +€11,861 | +7.9% |
| Equity | 10/15 | €46,835 | €49,632 | +€2,797 | +6.0% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,657 | +€2,797 | +150% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €2,797 | +€2,797 | |
| Profit (loss) carried forward | 14 | €37,775 | €37,775 | = | 0.0% |
| Amounts payable | 17/49 | €102,396 | €111,461 | +€9,065 | +8.9% |
| Amounts payable after more than one year | 17 | €7,144 | €9,408 | +€2,263 | +31.7% |
| Financial debts | 170/4 | €7,144 | €9,408 | +€2,263 | +31.7% |
| Amounts payable within one year | 42/48 | €17,831 | €18,977 | +€1,146 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,582 | +€6,582 | |
| Financial debts | 43 | €11,316 | €4,302 | -€7,015 | -62.0% |
| Credit institutions | 430/8 | €11,316 | €4,302 | -€7,015 | -62.0% |
| Trade debts | 44 | €465 | €2,232 | +€1,767 | +380% |
| Suppliers | 440/4 | €465 | €2,232 | +€1,767 | +380% |
| Taxes, remuneration and social security | 45 | €1,817 | €280 | -€1,537 | -84.6% |
| Taxes | 450/3 | - | €280 | +€280 | |
| Remuneration and social security | 454/9 | €1,817 | - | -€1,817 | |
| Other amounts payable | 47/48 | €4,233 | €5,581 | +€1,348 | +31.9% |
| Accrued charges and deferred income | 492/3 | €77,421 | €83,076 | +€5,655 | +7.3% |
| Remuneration, social security and pensions | 62 | €25,882 | €4,499 | -€21,383 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,384 | €11,691 | +€306 | +2.7% |
| Other operating charges | 640/8 | €2,833 | €4,455 | +€1,622 | +57.2% |
| Gross operating margin | 9900 | €27,953 | €91,179 | +€63,225 | +226% |
| Operating profit (loss) | 9901 | -€12,147 | €70,534 | +€82,681 | |
| Financial charges | 65/66B | €1,715 | €62,148 | +€60,433 | +3,524% |
| Recurring financial charges | 65 | €1,715 | €1,312 | -€403 | -23.5% |
| Non-recurring financial charges | 66B | - | €60,836 | +€60,836 | |
| Profit (loss) for the period before taxes | 9903 | -€13,862 | €8,386 | +€22,248 | |
| Income taxes | 67/77 | €2,356 | €5,590 | +€3,234 | +137% |
| Profit (loss) for the period | 9904 | -€16,217 | €2,797 | +€19,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,217 | €2,797 | +€19,014 |
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 29 October 2026 via checked.be.