ENSOR KETEN: 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 KETEN
Largest movements
- Deferred charges and accrued income +€30,600
up €30,600 (+389.8%), from €7,850 to €38,450
- Cash -€27,067
down €27,067 (-46.1%), from €58,705 to €31,638
mainly Deferred charges and accrued income (-€30,600) and Short-term financial debts (-€8,117)
- Receivables within one year -€10,443
no longer reported in 2025 (was €10,443)
- Tangible fixed assets -€9,000
down €9,000 (-5.3%), from €171,000 to €162,000
- Receivables after one year +€3,000
new in 2025: €3,000
- Short-term financial debts -€8,117
down €8,117 (-5.1%), from €159,300 to €151,183
- Tax, wage and social debts -€5,370
down €5,370 (-88.8%), from €6,047 to €677
- Gross operating margin -€33,962
down €33,962 (-34.9%), from €97,377 to €63,415
- Other operating charges -€26,110
down €26,110 (-32.9%), from €79,460 to €53,350
- Turnover -€14,359
down €14,359 (-18.5%), from €77,774 to €63,415
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 | €247,998 | €235,088 | -€12,910 | -5.2% |
| Fixed assets | 21/28 | €171,000 | €162,000 | -€9,000 | -5.3% |
| Tangible fixed assets | 22/27 | €171,000 | €162,000 | -€9,000 | -5.3% |
| Land and buildings | 22 | €171,000 | €162,000 | -€9,000 | -5.3% |
| Current assets | 29/58 | €76,998 | €73,088 | -€3,910 | -5.1% |
| Amounts receivable after more than one year | 29 | - | €3,000 | +€3,000 | |
| Trade receivables | 290 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €10,443 | - | -€10,443 | |
| Trade receivables | 40 | €10,443 | - | -€10,443 | |
| Cash at bank and in hand | 54/58 | €58,705 | €31,638 | -€27,067 | -46.1% |
| Deferred charges and accrued income | 490/1 | €7,850 | €38,450 | +€30,600 | +389.8% |
| Total equity and liabilities | 10/49 | €247,998 | €235,088 | -€12,910 | -5.2% |
| Equity | 10/15 | €81,678 | €82,942 | +€1,264 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €116,452 | €116,452 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,239 | €1,239 | = | 0.0% |
| Distributable reserves | 133 | €115,213 | €115,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,366 | -€52,102 | +€1,264 | +2.4% |
| Amounts payable | 17/49 | €166,320 | €152,146 | -€14,174 | -8.5% |
| Amounts payable within one year | 42/48 | €166,320 | €152,146 | -€14,174 | -8.5% |
| Financial debts | 43 | €159,300 | €151,183 | -€8,117 | -5.1% |
| Credit institutions | 430/8 | €159,300 | €151,183 | -€8,117 | -5.1% |
| Trade debts | 44 | €973 | €286 | -€687 | -70.6% |
| Suppliers | 440/4 | €973 | €286 | -€687 | -70.6% |
| Taxes, remuneration and social security | 45 | €6,047 | €677 | -€5,370 | -88.8% |
| Taxes | 450/3 | €6,047 | €677 | -€5,370 | -88.8% |
| Turnover | 70 | €77,774 | €63,415 | -€14,359 | -18.5% |
| Non-recurring operating income | 76A | €19,603 | - | -€19,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €9,000 | = | 0.0% |
| Other operating charges | 640/8 | €79,460 | €53,350 | -€26,110 | -32.9% |
| Gross operating margin | 9900 | €97,377 | €63,415 | -€33,962 | -34.9% |
| Operating profit (loss) | 9901 | €8,917 | €1,065 | -€7,852 | -88.1% |
| Financial income | 75/76B | €132 | €199 | +€67 | +50.8% |
| Recurring financial income | 75 | €132 | €199 | +€67 | +50.8% |
| Non-recurring financial income | 76B | €132 | €199 | +€67 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €9,049 | €1,264 | -€7,785 | -86.0% |
| Profit (loss) for the period | 9904 | €9,049 | €1,264 | -€7,785 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,049 | €1,264 | -€7,785 | -86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.