E&N MANAGEMENT: what changed
E&N MANAGEMENT
Largest movements
- Cash +€24,209
up €24,209 (+24.4%), from €99,029 to €123,238
mainly Other debts (+€23,110) and Net result for the year (+€21,758)
- Receivables within one year +€8,180
up €8,180 (+717%), from €1,140 to €9,321
- Tangible fixed assets -€2,995
down €2,995 (-41.0%), from €7,312 to €4,317
of which Furniture and vehicles: -€2,770
- Other debts +€23,110
up €23,110 (+135%), from €17,112 to €40,222
- Tax, wage and social debts +€6,994
up €6,994 (+75.7%), from €9,241 to €16,235
- Gross operating margin +€5,038
up €5,038 (+17.0%), from €29,676 to €34,714
- Depreciation -€2,408
down €2,408 (-44.6%), from €5,403 to €2,995
- Taxes -€546
down €546 (-7.0%), from €7,758 to €7,212
- Financial charges +€533
up €533 (+95.4%), from €559 to €1,092
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,584 | €138,375 | +€29,792 | +27.4% |
| Fixed assets | 21/28 | €7,312 | €4,317 | -€2,995 | -41.0% |
| Tangible fixed assets | 22/27 | €7,312 | €4,317 | -€2,995 | -41.0% |
| Furniture and vehicles | 24 | €6,764 | €3,994 | -€2,770 | -41.0% |
| Other tangible fixed assets | 26 | €547 | €323 | -€224 | -41.0% |
| Current assets | 29/58 | €101,272 | €134,059 | +€32,787 | +32.4% |
| Amounts receivable within one year | 40/41 | €1,140 | €9,321 | +€8,180 | +717% |
| Trade receivables | 40 | €1,140 | €9,321 | +€8,180 | +717% |
| Cash at bank and in hand | 54/58 | €99,029 | €123,238 | +€24,209 | +24.4% |
| Deferred charges and accrued income | 490/1 | €1,103 | €1,500 | +€397 | +36.0% |
| Total equity and liabilities | 10/49 | €108,584 | €138,375 | +€29,792 | +27.4% |
| Equity | 10/15 | €81,148 | €81,148 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €68,748 | €68,748 | = | 0.0% |
| Distributable reserves | 133 | €68,748 | €68,748 | = | 0.0% |
| Amounts payable | 17/49 | €27,436 | €57,228 | +€29,792 | +109% |
| Amounts payable within one year | 42/48 | €27,436 | €56,828 | +€29,392 | +107% |
| Trade debts | 44 | €1,082 | €371 | -€711 | -65.7% |
| Suppliers | 440/4 | €1,082 | €371 | -€711 | -65.7% |
| Taxes, remuneration and social security | 45 | €9,241 | €16,235 | +€6,994 | +75.7% |
| Taxes | 450/3 | €9,241 | €16,235 | +€6,994 | +75.7% |
| Other amounts payable | 47/48 | €17,112 | €40,222 | +€23,110 | +135% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,403 | €2,995 | -€2,408 | -44.6% |
| Other operating charges | 640/8 | €1,886 | €2,067 | +€181 | +9.6% |
| Gross operating margin | 9900 | €29,676 | €34,714 | +€5,038 | +17.0% |
| Operating profit (loss) | 9901 | €22,387 | €29,652 | +€7,265 | +32.5% |
| Financial income | 75/76B | €445 | €411 | -€34 | -7.7% |
| Recurring financial income | 75 | €445 | €411 | -€34 | -7.7% |
| Financial charges | 65/66B | €559 | €1,092 | +€533 | +95.4% |
| Recurring financial charges | 65 | €559 | €1,092 | +€533 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €22,273 | €28,970 | +€6,697 | +30.1% |
| Income taxes | 67/77 | €7,758 | €7,212 | -€546 | -7.0% |
| Profit (loss) for the period | 9904 | €14,515 | €21,758 | +€7,243 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,515 | €21,758 | +€7,243 | +49.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.