E.N.E.A.: 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.
E.N.E.A.
Largest movements
- Cash +€21,874
up €21,874 (+35.0%), from €62,414 to €84,288
mainly Net result for the year (+€23,605) and Tax, wage and social debts (+€12,964)
- Receivables within one year +€14,718
up €14,718 (+545%), from €2,702 to €17,420
of which Trade receivables: +€14,791
- Tangible fixed assets -€3,247
down €3,247 (-52.6%), from €6,173 to €2,926
of which Furniture and vehicles: -€2,776
- Reserves +€23,606
up €23,606 (+80.1%), from €29,462 to €53,068
- Tax, wage and social debts +€12,964
new in 2025: €12,964
- Trade debts -€3,845
down €3,845 (-95.4%), from €4,032 to €187
- Gross operating margin +€20,860
up €20,860 (+108%), from €19,326 to €40,186
- Taxes +€6,873
up €6,873 (+127%), from €5,427 to €12,300
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,516 | €104,886 | +€33,370 | +46.7% |
| Fixed assets | 21/28 | €6,173 | €2,926 | -€3,247 | -52.6% |
| Tangible fixed assets | 22/27 | €6,173 | €2,926 | -€3,247 | -52.6% |
| Land and buildings | 22 | €943 | €472 | -€471 | -50.0% |
| Furniture and vehicles | 24 | €5,230 | €2,454 | -€2,776 | -53.1% |
| Current assets | 29/58 | €65,343 | €101,961 | +€36,618 | +56.0% |
| Amounts receivable within one year | 40/41 | €2,702 | €17,420 | +€14,718 | +545% |
| Trade receivables | 40 | €2,629 | €17,420 | +€14,791 | +563% |
| Other amounts receivable | 41 | €73 | - | -€73 | |
| Cash at bank and in hand | 54/58 | €62,414 | €84,288 | +€21,874 | +35.0% |
| Deferred charges and accrued income | 490/1 | €227 | €252 | +€25 | +11.2% |
| Total equity and liabilities | 10/49 | €71,516 | €104,886 | +€33,370 | +46.7% |
| Equity | 10/15 | €56,462 | €80,068 | +€23,606 | +41.8% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €29,462 | €53,068 | +€23,606 | +80.1% |
| Distributable reserves | 133 | €29,462 | €53,068 | +€23,606 | +80.1% |
| Amounts payable | 17/49 | €15,054 | €24,819 | +€9,765 | +64.9% |
| Amounts payable within one year | 42/48 | €15,054 | €24,819 | +€9,765 | +64.9% |
| Trade debts | 44 | €4,032 | €187 | -€3,845 | -95.4% |
| Suppliers | 440/4 | €4,032 | €187 | -€3,845 | -95.4% |
| Taxes, remuneration and social security | 45 | - | €12,964 | +€12,964 | |
| Taxes | 450/3 | - | €12,964 | +€12,964 | |
| Other amounts payable | 47/48 | €11,022 | €11,667 | +€645 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,248 | €3,248 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,129 | €867 | -€262 | -23.2% |
| Gross operating margin | 9900 | €19,326 | €40,186 | +€20,860 | +108% |
| Operating profit (loss) | 9901 | €14,949 | €36,071 | +€21,122 | +141% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €152 | €189 | +€37 | +24.3% |
| Recurring financial charges | 65 | €152 | €189 | +€37 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €14,797 | €35,905 | +€21,108 | +143% |
| Income taxes | 67/77 | €5,427 | €12,300 | +€6,873 | +127% |
| Profit (loss) for the period | 9904 | €9,370 | €23,605 | +€14,235 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €9,370 | €23,605 | +€14,235 | +152% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.