ENTHION: 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.
ENTHION
Largest movements
- Receivables within one year +€363,655
up €363,655 (+158.4%), from €229,566 to €593,221
of which Trade receivables: +€583,239
- Cash +€228,643
up €228,643 (+75.5%), from €302,688 to €531,331
mainly Trade debts (+€423,495) and Accrued charges and deferred income (+€121,926)
- Deferred charges and accrued income -€16,609
down €16,609 (-100.0%), from €16,609 to €0
- Tangible fixed assets -€12,438
down €12,438 (-14.4%), from €86,261 to €73,823
of which Furniture and vehicles: -€12,561
- Trade debts +€423,495
up €423,495 (+172.1%), from €246,105 to €669,600
- Accrued charges and deferred income +€121,926
up €121,926 (+152.4%), from €80,000 to €201,926
- Profit (loss) carried forward +€29,585
up €29,585 (+71.0%), from -€41,644 to -€12,059
- Tax, wage and social debts +€12,718
up €12,718 (+54.5%), from €23,342 to €36,060
of which Taxes: +€6,817
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€961,658
no longer reported in 2025 (was €961,658)
- Gross operating margin +€48,664
up €48,664 (+34.4%), from €141,328 to €189,992
- Other operating charges +€18,168
up €18,168 (+877.5%), from €2,070 to €20,239
- Taxes +€11,591
up €11,591 (+136.2%), from €8,512 to €20,103
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 | €638,949 | €1,198,375 | +€559,426 | +87.6% |
| Fixed assets | 21/28 | €86,261 | €73,823 | -€12,438 | -14.4% |
| Tangible fixed assets | 22/27 | €86,261 | €73,823 | -€12,438 | -14.4% |
| Land and buildings | 22 | €28,698 | €27,851 | -€847 | -3.0% |
| Plant, machinery and equipment | 23 | €11,596 | €12,566 | +€970 | +8.4% |
| Furniture and vehicles | 24 | €45,967 | €33,406 | -€12,561 | -27.3% |
| Current assets | 29/58 | €552,687 | €1,124,552 | +€571,864 | +103.5% |
| Stocks and contracts in progress | 3 | €3,824 | €0 | -€3,824 | -100.0% |
| Stocks | 30/36 | €3,824 | €0 | -€3,824 | -100.0% |
| Amounts receivable within one year | 40/41 | €229,566 | €593,221 | +€363,655 | +158.4% |
| Trade receivables | 40 | €6,325 | €589,564 | +€583,239 | +9220.5% |
| Other amounts receivable | 41 | €223,240 | €3,656 | -€219,584 | -98.4% |
| Cash at bank and in hand | 54/58 | €302,688 | €531,331 | +€228,643 | +75.5% |
| Deferred charges and accrued income | 490/1 | €16,609 | €0 | -€16,609 | -100.0% |
| Total equity and liabilities | 10/49 | €638,949 | €1,198,375 | +€559,426 | +87.6% |
| Equity | 10/15 | €170,682 | €190,267 | +€19,585 | +11.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,126 | €196,126 | -€10,000 | -4.9% |
| 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 | €204,266 | €194,266 | -€10,000 | -4.9% |
| Profit (loss) carried forward | 14 | -€41,644 | -€12,059 | +€29,585 | +71.0% |
| Provisions and deferred taxes | 16 | €66,058 | €66,058 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €66,058 | €66,058 | = | 0.0% |
| Pensions and similar obligations | 160 | €66,058 | €66,058 | = | 0.0% |
| Amounts payable | 17/49 | €402,208 | €942,050 | +€539,842 | +134.2% |
| Amounts payable after more than one year | 17 | €25,981 | €18,593 | -€7,389 | -28.4% |
| Financial debts | 170/4 | €25,981 | €18,593 | -€7,389 | -28.4% |
| Amounts payable within one year | 42/48 | €296,227 | €721,532 | +€425,305 | +143.6% |
| Current portion of amounts payable after more than one year | 42 | €13,755 | €7,389 | -€6,366 | -46.3% |
| Trade debts | 44 | €246,105 | €669,600 | +€423,495 | +172.1% |
| Suppliers | 440/4 | €246,105 | €669,600 | +€423,495 | +172.1% |
| Taxes, remuneration and social security | 45 | €23,342 | €36,060 | +€12,718 | +54.5% |
| Taxes | 450/3 | €15,390 | €22,207 | +€6,817 | +44.3% |
| Remuneration and social security | 454/9 | €7,952 | €13,853 | +€5,901 | +74.2% |
| Other amounts payable | 47/48 | €13,025 | €8,483 | -€4,542 | -34.9% |
| Accrued charges and deferred income | 492/3 | €80,000 | €201,926 | +€121,926 | +152.4% |
| Turnover | 70 | €1,101,823 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €961,658 | - | -€961,658 | |
| Remuneration, social security and pensions | 62 | €100,319 | €94,662 | -€5,657 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,128 | €21,956 | +€2,828 | +14.8% |
| Other operating charges | 640/8 | €2,070 | €20,239 | +€18,168 | +877.5% |
| Gross operating margin | 9900 | €141,328 | €189,992 | +€48,664 | +34.4% |
| Operating profit (loss) | 9901 | €19,811 | €53,135 | +€33,324 | +168.2% |
| Financial income | 75/76B | €1,168 | €1,188 | +€21 | +1.8% |
| Recurring financial income | 75 | €1,168 | €1,188 | +€21 | +1.8% |
| Financial charges | 65/66B | €3,439 | €4,636 | +€1,197 | +34.8% |
| Recurring financial charges | 65 | €3,439 | €4,636 | +€1,197 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €17,539 | €49,687 | +€32,148 | +183.3% |
| Income taxes | 67/77 | €8,512 | €20,103 | +€11,591 | +136.2% |
| Profit (loss) for the period | 9904 | €9,027 | €29,585 | +€20,557 | +227.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,027 | €29,585 | +€20,557 | +227.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.