Enthuse: 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.
Enthuse
Largest movements
- Cash +€7,281
up €7,281 (+662.5%), from €1,099 to €8,380
mainly Net result for the year (+€10,798) and Trade debts (+€3,382)
- Receivables within one year +€2,780
up €2,780 (+9.6%), from €29,058 to €31,838
of which Trade receivables: +€2,875
- Deferred charges and accrued income +€472
up €472 (+251.7%), from €188 to €660
- Reserves +€10,798
up €10,798 (+137.5%), from €7,851 to €18,648
- Tax, wage and social debts -€3,647
down €3,647 (-21.1%), from €17,314 to €13,667
- Trade debts +€3,382
up €3,382 (+106.4%), from €3,179 to €6,562
- Gross operating margin +€7,349
up €7,349 (+76.4%), from €9,622 to €16,971
- Taxes +€1,721
up €1,721 (+42.4%), from €4,056 to €5,777
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 | €30,345 | €40,877 | +€10,533 | +34.7% |
| Current assets | 29/58 | €30,345 | €40,877 | +€10,533 | +34.7% |
| Amounts receivable within one year | 40/41 | €29,058 | €31,838 | +€2,780 | +9.6% |
| Trade receivables | 40 | €28,898 | €31,773 | +€2,875 | +9.9% |
| Other amounts receivable | 41 | €160 | €65 | -€95 | -59.4% |
| Cash at bank and in hand | 54/58 | €1,099 | €8,380 | +€7,281 | +662.5% |
| Deferred charges and accrued income | 490/1 | €188 | €660 | +€472 | +251.7% |
| Total equity and liabilities | 10/49 | €30,345 | €40,877 | +€10,533 | +34.7% |
| Equity | 10/15 | €9,851 | €20,648 | +€10,798 | +109.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,851 | €18,648 | +€10,798 | +137.5% |
| Distributable reserves | 133 | €7,851 | €18,648 | +€10,798 | +137.5% |
| Amounts payable | 17/49 | €20,494 | €20,229 | -€265 | -1.3% |
| Amounts payable within one year | 42/48 | €20,494 | €20,229 | -€265 | -1.3% |
| Trade debts | 44 | €3,179 | €6,562 | +€3,382 | +106.4% |
| Suppliers | 440/4 | €3,179 | €6,562 | +€3,382 | +106.4% |
| Taxes, remuneration and social security | 45 | €17,314 | €13,667 | -€3,647 | -21.1% |
| Taxes | 450/3 | €17,314 | €13,667 | -€3,647 | -21.1% |
| Other operating charges | 640/8 | €118 | €179 | +€61 | +51.4% |
| Gross operating margin | 9900 | €9,622 | €16,971 | +€7,349 | +76.4% |
| Operating profit (loss) | 9901 | €9,504 | €16,793 | +€7,288 | +76.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €170 | €218 | +€47 | +27.8% |
| Recurring financial charges | 65 | €170 | €218 | +€47 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €9,335 | €16,575 | +€7,240 | +77.6% |
| Income taxes | 67/77 | €4,056 | €5,777 | +€1,721 | +42.4% |
| Profit (loss) for the period | 9904 | €5,279 | €10,798 | +€5,519 | +104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,279 | €10,798 | +€5,519 | +104.5% |
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 4 October 2026 via checked.be.