ENSUR: 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.
What changed
ENSUR
NACE 70.200, Business and other management consultancy
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€4.9m
31-12-2024 · €1.7m+€3.2m
Equity
€5.7m
31-12-2024 · €856,112+€4.8m
Cash
€1.9m
31-12-2024 · €2.3m-€444,694
Balance sheet total
€15.6m
31-12-2024 · €4.4m+€11.2m
Largest movements
Assets
- Financial fixed assets +€10.7m
up €10.7m (+3,042%), from €353,318 to €11.1m
- Receivables within one year +€845,829
up €845,829 (+65.3%), from €1.3m to €2.1m
of which Trade receivables: +€441,435
- Cash -€444,694
down €444,694 (-19.2%), from €2.3m to €1.9m
mainly Investment in fixed assets (net) (-€10.8m) and Other debts (-€1.8m)
Equity and liabilities
- Debts after one year +€7.4m
new in 2025: €7.4m
- Profit (loss) carried forward +€4.8m
new in 2025: €4.8m
- Other debts -€1.8m
down €1.8m (-90.4%), from €2.0m to €191,687
- Trade debts +€436,032
up €436,032 (+61.2%), from €712,868 to €1.1m
- Current portion of long-term debt +€260,000
new in 2025: €260,000
Income statement
- Turnover -€12.3m
no longer reported in 2025 (was €12.3m)
- Goods and materials -€6.2m
no longer reported in 2025 (was €6.2m)
- Gross operating margin +€5.4m
new in 2025: €5.4m
- Financial income +€3.2m
up €3.2m (+1,530%), from €208,314 to €3.4m
of which Financial income: +€3.2m
- Services and other goods -€1.1m
no longer reported in 2025 (was €1.1m)
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€1.7m
Turnover
-€12.3m
Other operating income
-€200,794
Goods and materials
+€6.2m
Services and other goods
+€1.1m
Staff costs
+€98,327
Depreciation
-€11,201
Other operating charges
+€5,269
Other operating items
+€5.4m
Financial income
+€3.2m
Financial charges
-€43,545
Taxes
-€213,487
Result 31-12-2025
€4.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.7m
Investment
-€10.8m
Financing
+€7.7m
Cash 31-12-2024
€2.3m
From operations (derived)
+€2.7m
Net result for the year
+€4.9m
Depreciation
+€49,283
Receivables within one year
-€845,829
Deferred charges and accrued income
-€60,414
Trade debts
+€436,032
Tax, wage and social debts
+€81,352
Other debts
-€1.8m
Accrued charges and deferred income
-€75,040
Investment (derived)
-€10.8m
Investment in fixed assets (net)
-€10.8m
Financing
+€7.7m
Debts after one year
+€7.4m
Current portion of long-term debt
+€260,000
Contributions, distributions and other
-€45,010
Cash 31-12-2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,432,728 | €15,615,843 | +€11.2m | +252% |
| Fixed assets | 21/28 | €593,604 | €11,315,170 | +€10.7m | +1,806% |
| Intangible fixed assets | 21 | €44,231 | €35,385 | -€8,846 | -20.0% |
| Tangible fixed assets | 22/27 | €196,055 | €177,193 | -€18,862 | -9.6% |
| Furniture and vehicles | 24 | €29,789 | €30,717 | +€928 | +3.1% |
| Other tangible fixed assets | 26 | €166,266 | €146,476 | -€19,790 | -11.9% |
| Financial fixed assets | 28 | €353,318 | €11,102,592 | +€10.7m | +3,042% |
| Affiliated companies | 280/1 | €353,318 | - | -€353,318 | |
| Participating interests | 280 | €353,318 | - | -€353,318 | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €3,839,124 | €4,300,674 | +€461,549 | +12.0% |
| Amounts receivable after more than one year | 29 | €205,000 | €205,000 | = | 0.0% |
| Other amounts receivable | 291 | €205,000 | €205,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,295,660 | €2,141,489 | +€845,829 | +65.3% |
| Trade receivables | 40 | €1,251,160 | €1,692,595 | +€441,435 | +35.3% |
| Other amounts receivable | 41 | €44,499 | €448,894 | +€404,395 | +909% |
| Cash at bank and in hand | 54/58 | €2,317,399 | €1,872,705 | -€444,694 | -19.2% |
| Deferred charges and accrued income | 490/1 | €21,066 | €81,480 | +€60,414 | +287% |
| Total equity and liabilities | 10/49 | €4,432,728 | €15,615,843 | +€11.2m | +252% |
| Equity | 10/15 | €856,112 | €5,690,410 | +€4.8m | +565% |
| 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 | €794,112 | €794,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €0 | -€294,700 | -100% |
| Distributable reserves | 133 | €493,212 | €787,912 | +€294,700 | +59.8% |
| Profit (loss) carried forward | 14 | - | €4,834,298 | +€4.8m | |
| Amounts payable | 17/49 | €3,576,616 | €9,925,434 | +€6.3m | +178% |
| Amounts payable after more than one year | 17 | - | €7,446,387 | +€7.4m | |
| Financial debts | 170/4 | - | €7,446,387 | +€7.4m | |
| Amounts payable within one year | 42/48 | €3,256,205 | €2,233,675 | -€1.0m | -31.4% |
| Current portion of amounts payable after more than one year | 42 | - | €260,000 | +€260,000 | |
| Trade debts | 44 | €712,868 | €1,148,900 | +€436,032 | +61.2% |
| Suppliers | 440/4 | €712,868 | €1,148,900 | +€436,032 | +61.2% |
| Taxes, remuneration and social security | 45 | €551,736 | €633,088 | +€81,352 | +14.7% |
| Taxes | 450/3 | €210,985 | €212,900 | +€1,915 | +0.9% |
| Remuneration and social security | 454/9 | €340,751 | €420,188 | +€79,437 | +23.3% |
| Other amounts payable | 47/48 | €1,991,601 | €191,687 | -€1.8m | -90.4% |
| Accrued charges and deferred income | 492/3 | €320,411 | €245,371 | -€75,040 | -23.4% |
| Operating income | 70/76A | €12,538,816 | - | -€12.5m | |
| Turnover | 70 | €12,338,021 | - | -€12.3m | |
| Other operating income | 74 | €200,794 | - | -€200,794 | |
| Operating charges | 60/66A | €10,503,606 | - | -€10.5m | |
| Goods for resale, raw materials and consumables | 60 | €6,206,228 | - | -€6.2m | |
| Purchases | 600/8 | €6,206,228 | - | -€6.2m | |
| Services and other goods | 61 | €1,142,036 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €3,109,134 | €3,010,807 | -€98,327 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,083 | €49,283 | +€11,201 | +29.4% |
| Other operating charges | 640/8 | €7,259 | €1,990 | -€5,269 | -72.6% |
| Non-recurring operating charges | 66A | €866 | €6,465 | +€5,600 | +647% |
| Gross operating margin | 9900 | - | €5,400,326 | +€5.4m | |
| Operating profit (loss) | 9901 | €2,035,210 | €2,331,780 | +€296,570 | +14.6% |
| Financial income | 75/76B | €208,314 | €3,396,362 | +€3.2m | +1,530% |
| Recurring financial income | 75 | €206,842 | €3,396,362 | +€3.2m | +1,542% |
| Income from financial fixed assets | 750 | €196,603 | - | -€196,603 | |
| Income from current assets | 751 | €4,968 | - | -€4,968 | |
| Other financial income | 752/9 | €5,271 | - | -€5,271 | |
| Non-recurring financial income | 76B | €1,473 | €0 | -€1,473 | -100% |
| Financial charges | 65/66B | €75,512 | €119,057 | +€43,545 | +57.7% |
| Recurring financial charges | 65 | €75,512 | €119,057 | +€43,545 | +57.7% |
| Debt charges | 650 | €73,991 | - | -€73,991 | |
| Other financial charges | 652/9 | €1,521 | - | -€1,521 | |
| Profit (loss) for the period before taxes | 9903 | €2,168,012 | €5,609,085 | +€3.4m | +159% |
| Income taxes | 67/77 | €516,290 | €729,777 | +€213,487 | +41.4% |
| Taxes | 670/3 | €516,290 | - | -€516,290 | |
| Profit (loss) for the period | 9904 | €1,651,722 | €4,879,308 | +€3.2m | +195% |
| Transfer from tax-exempt reserves | 789 | - | €294,700 | +€294,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,651,722 | €5,174,008 | +€3.5m | +213% |
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 15 October 2026 via checked.be.