Ensagent: 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.
What changed
Ensagent
NACE 20.140, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€566,662
2024 · €496,169+€70,493
Equity
€2.9m
2024 · €3.8m-€933,338
Cash
€1.8m
2024 · €1.3m+€533,269
Balance sheet total
€5.0m
2024 · €4.7m+€329,726
Largest movements
Assets
- Cash +€533,269
up €533,269 (+41.8%), from €1.3m to €1.8m
mainly Other debts (+€1.5m) and Net result for the year (+€566,662)
- Tangible fixed assets -€275,465
down €275,465 (-12.3%), from €2.2m to €2.0m
of which Plant, machinery and equipment: -€244,422
- Receivables within one year +€106,689
up €106,689 (+12.9%), from €825,659 to €932,348
of which Trade receivables: +€125,331
Equity and liabilities
- Other debts +€1.5m
new in 2025: €1.5m
- Profit (loss) carried forward -€933,338
down €933,338 (-31.5%), from €3.0m to €2.0m
- Debts after one year -€214,285
down €214,285 (-66.7%), from €321,429 to €107,144
Income statement
- Gross operating margin +€97,710
up €97,710 (+5.5%), from €1.8m to €1.9m
- Depreciation +€23,354
up €23,354 (+5.5%), from €425,901 to €449,255
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
€496,169
Gross operating margin
+€97,710
Staff costs
+€7,881
Depreciation
-€23,354
Other operating charges
+€2,922
Financial income
-€9,601
Financial charges
+€2,021
Taxes
-€7,086
Result 2025
€566,662
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.
From operations
+€2.4m
Investment
-€163,537
Financing
-€1.7m
Cash 2024
€1.3m
From operations (derived)
+€2.4m
Net result for the year
+€566,662
Depreciation
+€449,255
Receivables after one year
+€48,696
Receivables within one year
-€106,689
Deferred charges and accrued income
-€24,182
Trade debts
-€15,412
Tax, wage and social debts
-€7,238
Other debts
+€1.5m
Investment (derived)
-€163,537
Investment in fixed assets (net)
-€163,537
Financing
-€1.7m
Debts after one year
-€214,285
Current portion of long-term debt
-€1
Contributions, distributions and other
-€1.5m
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,715,875 | €5,045,601 | +€329,726 | +7.0% |
| Fixed assets | 21/28 | €2,273,268 | €1,987,550 | -€285,717 | -12.6% |
| Intangible fixed assets | 21 | €33,347 | €23,095 | -€10,252 | -30.7% |
| Tangible fixed assets | 22/27 | €2,239,920 | €1,964,455 | -€275,465 | -12.3% |
| Land and buildings | 22 | €421,925 | €346,132 | -€75,794 | -18.0% |
| Plant, machinery and equipment | 23 | €1,571,172 | €1,326,749 | -€244,422 | -15.6% |
| Furniture and vehicles | 24 | €246,823 | €266,735 | +€19,912 | +8.1% |
| Assets under construction and advance payments | 27 | - | €24,839 | +€24,839 | |
| Current assets | 29/58 | €2,442,607 | €3,058,051 | +€615,443 | +25.2% |
| Amounts receivable after more than one year | 29 | €292,177 | €243,481 | -€48,696 | -16.7% |
| Other amounts receivable | 291 | €292,177 | €243,481 | -€48,696 | -16.7% |
| Amounts receivable within one year | 40/41 | €825,659 | €932,348 | +€106,689 | +12.9% |
| Trade receivables | 40 | €700,041 | €825,372 | +€125,331 | +17.9% |
| Other amounts receivable | 41 | €125,618 | €106,976 | -€18,642 | -14.8% |
| Cash at bank and in hand | 54/58 | €1,275,874 | €1,809,142 | +€533,269 | +41.8% |
| Deferred charges and accrued income | 490/1 | €48,898 | €73,080 | +€24,182 | +49.5% |
| Total equity and liabilities | 10/49 | €4,715,875 | €5,045,601 | +€329,726 | +7.0% |
| Equity | 10/15 | €3,849,265 | €2,915,927 | -€933,338 | -24.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €632,246 | €632,246 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €607,246 | €607,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,967,019 | €2,033,681 | -€933,338 | -31.5% |
| Amounts payable | 17/49 | €866,610 | €2,129,674 | +€1.3m | +145.7% |
| Amounts payable after more than one year | 17 | €321,429 | €107,144 | -€214,285 | -66.7% |
| Financial debts | 170/4 | €321,429 | €107,144 | -€214,285 | -66.7% |
| Amounts payable within one year | 42/48 | €545,181 | €2,022,530 | +€1.5m | +271.0% |
| Current portion of amounts payable after more than one year | 42 | €214,285 | €214,284 | -€1 | 0.0% |
| Trade debts | 44 | €190,008 | €174,596 | -€15,412 | -8.1% |
| Suppliers | 440/4 | €190,008 | €174,596 | -€15,412 | -8.1% |
| Taxes, remuneration and social security | 45 | €140,887 | €133,649 | -€7,238 | -5.1% |
| Taxes | 450/3 | €47,118 | €45,839 | -€1,279 | -2.7% |
| Remuneration and social security | 454/9 | €93,770 | €87,810 | -€5,959 | -6.4% |
| Other amounts payable | 47/48 | - | €1,500,000 | +€1.5m | |
| Non-recurring operating income | 76A | €2,668 | €8,600 | +€5,932 | +222.4% |
| Remuneration, social security and pensions | 62 | €670,516 | €662,634 | -€7,881 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425,901 | €449,255 | +€23,354 | +5.5% |
| Other operating charges | 640/8 | €35,134 | €32,212 | -€2,922 | -8.3% |
| Gross operating margin | 9900 | €1,784,187 | €1,881,897 | +€97,710 | +5.5% |
| Operating profit (loss) | 9901 | €652,636 | €737,795 | +€85,159 | +13.0% |
| Financial income | 75/76B | €37,934 | €28,332 | -€9,601 | -25.3% |
| Recurring financial income | 75 | €37,934 | €28,332 | -€9,601 | -25.3% |
| Financial charges | 65/66B | €8,680 | €6,660 | -€2,021 | -23.3% |
| Recurring financial charges | 65 | €8,680 | €6,660 | -€2,021 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €681,890 | €759,468 | +€77,579 | +11.4% |
| Income taxes | 67/77 | €185,721 | €192,806 | +€7,086 | +3.8% |
| Profit (loss) for the period | 9904 | €496,169 | €566,662 | +€70,493 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €496,169 | €566,662 | +€70,493 | +14.2% |
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.