Enzélade: 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.
Enzélade
Largest movements
- Cash +€10,685
up €10,685 (+283.4%), from €3,770 to €14,454
mainly Net result for the year (+€12,117) and Other debts (+€2,067)
- Tangible fixed assets +€3,416
up €3,416 (+183.0%), from €1,867 to €5,283
- Receivables within one year -€1,500
down €1,500 (-75.0%), from €2,000 to €500
- Profit (loss) carried forward +€12,117
up €12,117 (+304.8%), from €3,975 to €16,092
- Other debts +€2,067
up €2,067 (+67.0%), from €3,083 to €5,150
- Trade debts -€1,112
down €1,112 (-29.5%), from €3,769 to €2,657
- Tax, wage and social debts -€702
down €702 (-28.4%), from €2,471 to €1,769
- Gross operating margin +€11,634
up €11,634 (+478.4%), from €2,432 to €14,066
- Taxes +€520
new in 2025: €520
- Depreciation +€421
up €421 (+47.0%), from €895 to €1,316
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 | €14,798 | €27,167 | +€12,369 | +83.6% |
| Formation expenses | 20 | €689 | €457 | -€232 | -33.6% |
| Fixed assets | 21/28 | €1,867 | €5,283 | +€3,416 | +183.0% |
| Tangible fixed assets | 22/27 | €1,867 | €5,283 | +€3,416 | +183.0% |
| Furniture and vehicles | 24 | €1,867 | €5,283 | +€3,416 | +183.0% |
| Current assets | 29/58 | €12,242 | €21,427 | +€9,185 | +75.0% |
| Stocks and contracts in progress | 3 | €6,473 | €6,473 | = | 0.0% |
| Stocks | 30/36 | €6,473 | €6,473 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,000 | €500 | -€1,500 | -75.0% |
| Trade receivables | 40 | €2,000 | €500 | -€1,500 | -75.0% |
| Cash at bank and in hand | 54/58 | €3,770 | €14,454 | +€10,685 | +283.4% |
| Total equity and liabilities | 10/49 | €14,798 | €27,167 | +€12,369 | +83.6% |
| Equity | 10/15 | €5,475 | €17,592 | +€12,117 | +221.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,975 | €16,092 | +€12,117 | +304.8% |
| Amounts payable | 17/49 | €9,323 | €9,576 | +€253 | +2.7% |
| Amounts payable within one year | 42/48 | €9,323 | €9,576 | +€253 | +2.7% |
| Trade debts | 44 | €3,769 | €2,657 | -€1,112 | -29.5% |
| Suppliers | 440/4 | €3,769 | €2,657 | -€1,112 | -29.5% |
| Taxes, remuneration and social security | 45 | €2,471 | €1,769 | -€702 | -28.4% |
| Taxes | 450/3 | €2,471 | €1,769 | -€702 | -28.4% |
| Other amounts payable | 47/48 | €3,083 | €5,150 | +€2,067 | +67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €1,316 | +€421 | +47.0% |
| Gross operating margin | 9900 | €2,432 | €14,066 | +€11,634 | +478.4% |
| Operating profit (loss) | 9901 | €1,537 | €12,750 | +€11,213 | +729.7% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €192 | €114 | -€78 | -40.7% |
| Recurring financial charges | 65 | €192 | €114 | -€78 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €1,377 | €12,636 | +€11,259 | +817.6% |
| Income taxes | 67/77 | - | €520 | +€520 | |
| Profit (loss) for the period | 9904 | €1,377 | €12,117 | +€10,740 | +779.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,377 | €12,117 | +€10,740 | +779.9% |
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 6 October 2026 via checked.be.