Ensor 14: 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.
Ensor 14
Largest movements
- Stocks and contracts -€25,781
down €25,781 (-26.8%), from €96,108 to €70,327
- Receivables within one year +€6,000
up €6,000 (+39.8%), from €15,065 to €21,064
- Cash +€3,278
up €3,278 (+47.9%), from €6,847 to €10,125
mainly Stocks and contracts (+€25,781) and Trade debts (+€3,520)
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward -€11,007
down €11,007 (-41.2%), from -€26,740 to -€37,747
- Trade debts +€3,520
up €3,520 (+151.0%), from €2,330 to €5,850
- Accrued charges and deferred income +€2,708
up €2,708 (+2.8%), from €95,458 to €98,167
- Tax, wage and social debts +€2,157
up €2,157 (+29.2%), from €7,390 to €9,547
of which Taxes: +€3,739
- Gross operating margin -€9,682
down €9,682 (-53.9%), from €17,972 to €8,290
- Other operating charges +€4,230
up €4,230 (+584.8%), from €723 to €4,953
- Financial charges -€1,112
down €1,112 (-38.6%), from €2,881 to €1,768
- Depreciation -€485
down €485 (-41.0%), from €1,183 to €698
- Staff costs +€268
up €268 (+2.3%), from €11,706 to €11,974
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 | €118,642 | €103,234 | -€15,408 | -13.0% |
| Fixed assets | 21/28 | €372 | €1,467 | +€1,095 | +294.4% |
| Tangible fixed assets | 22/27 | €372 | €1,467 | +€1,095 | +294.4% |
| Furniture and vehicles | 24 | €372 | €1,467 | +€1,095 | +294.4% |
| Current assets | 29/58 | €118,270 | €101,766 | -€16,504 | -14.0% |
| Stocks and contracts in progress | 3 | €96,108 | €70,327 | -€25,781 | -26.8% |
| Stocks | 30/36 | €96,108 | €70,327 | -€25,781 | -26.8% |
| Amounts receivable within one year | 40/41 | €15,065 | €21,064 | +€6,000 | +39.8% |
| Other amounts receivable | 41 | €15,065 | €21,064 | +€6,000 | +39.8% |
| Cash at bank and in hand | 54/58 | €6,847 | €10,125 | +€3,278 | +47.9% |
| Deferred charges and accrued income | 490/1 | €250 | €250 | = | 0.0% |
| Total equity and liabilities | 10/49 | €118,642 | €103,234 | -€15,408 | -13.0% |
| Equity | 10/15 | -€4,740 | -€15,747 | -€11,007 | -232.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,740 | -€37,747 | -€11,007 | -41.2% |
| Amounts payable | 17/49 | €123,383 | €118,981 | -€4,402 | -3.6% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €12,924 | €20,814 | +€7,890 | +61.0% |
| Current portion of amounts payable after more than one year | 42 | €2,983 | €5,000 | +€2,017 | +67.6% |
| Financial debts | 43 | €220 | €416 | +€196 | +89.0% |
| Credit institutions | 430/8 | €220 | €416 | +€196 | +89.0% |
| Trade debts | 44 | €2,330 | €5,850 | +€3,520 | +151.0% |
| Suppliers | 440/4 | €2,330 | €5,850 | +€3,520 | +151.0% |
| Taxes, remuneration and social security | 45 | €7,390 | €9,547 | +€2,157 | +29.2% |
| Taxes | 450/3 | €5,808 | €9,547 | +€3,739 | +64.4% |
| Remuneration and social security | 454/9 | €1,582 | - | -€1,582 | |
| Accrued charges and deferred income | 492/3 | €95,458 | €98,167 | +€2,708 | +2.8% |
| Remuneration, social security and pensions | 62 | €11,706 | €11,974 | +€268 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €698 | -€485 | -41.0% |
| Other operating charges | 640/8 | €723 | €4,953 | +€4,230 | +584.8% |
| Gross operating margin | 9900 | €17,972 | €8,290 | -€9,682 | -53.9% |
| Operating profit (loss) | 9901 | €4,359 | -€9,335 | -€13,695 | |
| Financial income | 75/76B | €77 | €97 | +€20 | +26.0% |
| Recurring financial income | 75 | €77 | €97 | +€20 | +26.0% |
| Financial charges | 65/66B | €2,881 | €1,768 | -€1,112 | -38.6% |
| Recurring financial charges | 65 | €2,881 | €1,768 | -€1,112 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €1,556 | -€11,007 | -€12,562 | |
| Profit (loss) for the period | 9904 | €1,556 | -€11,007 | -€12,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,556 | -€11,007 | -€12,562 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.