Ensur Ventures: 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 Ventures
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.9m
2024 · €119,445+€2.8m
Equity
€13.4m
2024 · €868,861+€12.5m
Cash
€174,631
2024 · €299,630-€124,999
Balance sheet total
€16.7m
2024 · €1.5m+€15.3m
Largest movements
Assets
- Financial fixed assets +€15.1m
up €15.1m (+1,666%), from €904,739 to €16.0m
- Receivables within one year +€400,232
up €400,232 (+269%), from €148,579 to €548,811
of which Other amounts receivable: +€261,501
Equity and liabilities
- Contributions +€9.6m
up €9.6m (+1,629%), from €590,064 to €10.2m
- Profit (loss) carried forward +€2.9m
up €2.9m (+1,041%), from €278,797 to €3.2m
- Debts after one year +€2.5m
up €2.5m (+763%), from €325,029 to €2.8m
- Accrued charges and deferred income +€179,640
up €179,640 (+178%), from €100,695 to €280,335
Income statement
- Financial income +€2.8m
up €2.8m (+1,312%), from €212,655 to €3.0m
- Turnover -€1.8m
no longer reported in 2025 (was €1.8m)
- Services and other goods -€1.7m
no longer reported in 2025 (was €1.7m)
- Gross operating margin +€206,762
new in 2025: €206,762
- Financial charges +€111,310
up €111,310 (+835%), from €13,324 to €124,634
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.
Result 2024
€119,445
Turnover
-€1.8m
Other operating income
-€6,503
Services and other goods
+€1.7m
Staff costs
-€3,887
Other operating charges
-€1,732
Other operating items
+€206,762
Financial income
+€2.8m
Financial charges
-€111,310
Taxes
+€17
Result 2025
€2.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€15.1m
Financing
+€12.1m
Cash 2024
€299,630
From operations (derived)
+€2.9m
Net result for the year
+€2.9m
Depreciation
+€5,367
Receivables within one year
-€400,232
Deferred charges and accrued income
+€77,581
Trade debts
+€40,138
Tax, wage and social debts
+€6,675
Other debts
+€45,098
Accrued charges and deferred income
+€179,640
Investment (derived)
-€15.1m
Investment in fixed assets (net)
-€15.1m
Financing
+€12.1m
Debts after one year
+€2.5m
Contributions, distributions and other
+€9.6m
Cash 2025
€174,631
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,477,717 | €16,745,889 | +€15.3m | +1,033% |
| Fixed assets | 21/28 | €940,842 | €16,011,362 | +€15.1m | +1,602% |
| Tangible fixed assets | 22/27 | €36,102 | €30,736 | -€5,367 | -14.9% |
| Furniture and vehicles | 24 | €1,228 | €362 | -€867 | -70.6% |
| Other tangible fixed assets | 26 | €34,874 | €30,374 | -€4,500 | -12.9% |
| Financial fixed assets | 28 | €904,739 | €15,980,626 | +€15.1m | +1,666% |
| Affiliated companies | 280/1 | €904,739 | - | -€904,739 | |
| Participating interests | 280 | €829,739 | - | -€829,739 | |
| Amounts receivable | 281 | €75,000 | - | -€75,000 | |
| Current assets | 29/58 | €536,875 | €734,527 | +€197,652 | +36.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €148,579 | €548,811 | +€400,232 | +269% |
| Trade receivables | 40 | €148,365 | €287,095 | +€138,730 | +93.5% |
| Other amounts receivable | 41 | €215 | €261,716 | +€261,501 | +121,912% |
| Cash at bank and in hand | 54/58 | €299,630 | €174,631 | -€124,999 | -41.7% |
| Deferred charges and accrued income | 490/1 | €88,666 | €11,084 | -€77,581 | -87.5% |
| Total equity and liabilities | 10/49 | €1,477,717 | €16,745,889 | +€15.3m | +1,033% |
| Equity | 10/15 | €868,861 | €13,385,512 | +€12.5m | +1,441% |
| Contributions | 10/11 | €590,064 | €10,204,289 | +€9.6m | +1,629% |
| Profit (loss) carried forward | 14 | €278,797 | €3,181,223 | +€2.9m | +1,041% |
| Amounts payable | 17/49 | €608,856 | €3,360,378 | +€2.8m | +452% |
| Amounts payable after more than one year | 17 | €325,029 | €2,805,000 | +€2.5m | +763% |
| Financial debts | 170/4 | €325,029 | €2,805,000 | +€2.5m | +763% |
| Unsubordinated bonds | 171 | €120,029 | - | -€120,029 | |
| Other loans | 174 | €205,000 | - | -€205,000 | |
| Amounts payable within one year | 42/48 | €183,131 | €275,042 | +€91,911 | +50.2% |
| Trade debts | 44 | €157,665 | €197,803 | +€40,138 | +25.5% |
| Suppliers | 440/4 | €157,665 | €197,803 | +€40,138 | +25.5% |
| Taxes, remuneration and social security | 45 | €25,183 | €31,858 | +€6,675 | +26.5% |
| Taxes | 450/3 | €7,543 | €12,506 | +€4,962 | +65.8% |
| Remuneration and social security | 454/9 | €17,640 | €19,352 | +€1,713 | +9.7% |
| Other amounts payable | 47/48 | €283 | €45,381 | +€45,098 | +15,938% |
| Accrued charges and deferred income | 492/3 | €100,695 | €280,335 | +€179,640 | +178% |
| Operating income | 70/76A | €1,764,504 | - | -€1.8m | |
| Turnover | 70 | €1,758,001 | - | -€1.8m | |
| Other operating income | 74 | €6,503 | - | -€6,503 | |
| Operating charges | 60/66A | €1,844,186 | - | -€1.8m | |
| Services and other goods | 61 | €1,667,861 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €169,933 | €173,821 | +€3,887 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,367 | €5,367 | = | 0.0% |
| Other operating charges | 640/8 | €1,025 | €2,757 | +€1,732 | +169% |
| Gross operating margin | 9900 | - | €206,762 | +€206,762 | |
| Operating profit (loss) | 9901 | -€79,681 | €24,818 | +€104,499 | |
| Financial income | 75/76B | €212,655 | €3,002,430 | +€2.8m | +1,312% |
| Recurring financial income | 75 | €212,655 | €3,002,430 | +€2.8m | +1,312% |
| Income from financial fixed assets | 750 | €212,632 | - | -€212,632 | |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €23 | - | -€23 | |
| Financial charges | 65/66B | €13,324 | €124,634 | +€111,310 | +835% |
| Recurring financial charges | 65 | €13,324 | €124,634 | +€111,310 | +835% |
| Debt charges | 650 | €11,988 | - | -€11,988 | |
| Other financial charges | 652/9 | €1,335 | - | -€1,335 | |
| Profit (loss) for the period before taxes | 9903 | €119,651 | €2,902,614 | +€2.8m | +2,326% |
| Income taxes | 67/77 | €205 | €188 | -€17 | -8.3% |
| Taxes | 670/3 | €205 | - | -€205 | |
| Profit (loss) for the period | 9904 | €119,445 | €2,902,425 | +€2.8m | +2,330% |
| Profit (loss) for the period to be appropriated | 9905 | €119,445 | €2,902,425 | +€2.8m | +2,330% |
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.