E&NA-Concepts: 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&NA-Concepts
Largest movements
- Receivables after one year +€185,722
up €185,722 (+92.9%), from €200,000 to €385,722
- Cash -€49,344
down €49,344 (-45.6%), from €108,094 to €58,750
mainly Receivables after one year (-€185,722) and Investment in fixed assets (net) (-€47,537)
- Tangible fixed assets +€43,371
up €43,371 (+2618.5%), from €1,656 to €45,027
of which Plant, machinery and equipment: +€39,321
- Receivables within one year +€31,359
up €31,359 (+190.3%), from €16,480 to €47,839
of which Trade receivables: +€20,640
- Deferred charges and accrued income +€30,126
up €30,126 (+659.7%), from €4,567 to €34,693
- Other debts +€218,802
up €218,802 (+104.2%), from €209,940 to €428,743
- Trade debts +€36,375
up €36,375 (+2232.8%), from €1,629 to €38,004
- Tax, wage and social debts -€13,883
down €13,883 (-70.6%), from €19,666 to €5,783
- Turnover -€19,389
down €19,389 (-11.8%), from €164,220 to €144,831
- Financial charges +€17,189
up €17,189 (+152.5%), from €11,273 to €28,463
- Financial income +€15,987
up €15,987 (+203.8%), from €7,846 to €23,834
- Gross operating margin -€6,588
down €6,588 (-21.3%), from €30,901 to €24,313
- Depreciation +€3,379
up €3,379 (+429.6%), from €787 to €4,166
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 | €330,797 | €572,031 | +€241,234 | +72.9% |
| Fixed assets | 21/28 | €1,656 | €45,027 | +€43,371 | +2618.5% |
| Tangible fixed assets | 22/27 | €1,656 | €45,027 | +€43,371 | +2618.5% |
| Plant, machinery and equipment | 23 | - | €39,321 | +€39,321 | |
| Furniture and vehicles | 24 | €1,656 | €5,706 | +€4,050 | +244.5% |
| Current assets | 29/58 | €329,141 | €527,003 | +€197,863 | +60.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €385,722 | +€185,722 | +92.9% |
| Other amounts receivable | 291 | €200,000 | €385,722 | +€185,722 | +92.9% |
| Amounts receivable within one year | 40/41 | €16,480 | €47,839 | +€31,359 | +190.3% |
| Trade receivables | 40 | €16,480 | €37,119 | +€20,640 | +125.2% |
| Other amounts receivable | 41 | €0 | €10,720 | +€10,720 | |
| Cash at bank and in hand | 54/58 | €108,094 | €58,750 | -€49,344 | -45.6% |
| Deferred charges and accrued income | 490/1 | €4,567 | €34,693 | +€30,126 | +659.7% |
| Total equity and liabilities | 10/49 | €330,797 | €572,031 | +€241,234 | +72.9% |
| Equity | 10/15 | €99,562 | €99,501 | -€61 | -0.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €49,562 | €49,501 | -€61 | -0.1% |
| Distributable reserves | 133 | €49,562 | €49,501 | -€61 | -0.1% |
| Amounts payable | 17/49 | €231,235 | €472,530 | +€241,294 | +104.4% |
| Amounts payable within one year | 42/48 | €231,235 | €472,530 | +€241,294 | +104.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,629 | €38,004 | +€36,375 | +2232.8% |
| Suppliers | 440/4 | €1,629 | €38,004 | +€36,375 | +2232.8% |
| Taxes, remuneration and social security | 45 | €19,666 | €5,783 | -€13,883 | -70.6% |
| Taxes | 450/3 | €19,666 | €5,783 | -€13,883 | -70.6% |
| Other amounts payable | 47/48 | €209,940 | €428,743 | +€218,802 | +104.2% |
| Turnover | 70 | €164,220 | €144,831 | -€19,389 | -11.8% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €151,646 | €150,573 | -€1,073 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787 | €4,166 | +€3,379 | +429.6% |
| Other operating charges | 640/8 | €971 | €907 | -€63 | -6.5% |
| Non-recurring operating charges | 66A | €0 | €7,946 | +€7,946 | |
| Gross operating margin | 9900 | €30,901 | €24,313 | -€6,588 | -21.3% |
| Operating profit (loss) | 9901 | €29,143 | €11,294 | -€17,850 | -61.2% |
| Financial income | 75/76B | €7,846 | €23,834 | +€15,987 | +203.8% |
| Recurring financial income | 75 | €7,846 | €23,834 | +€15,987 | +203.8% |
| Financial charges | 65/66B | €11,273 | €28,463 | +€17,189 | +152.5% |
| Recurring financial charges | 65 | €11,273 | €28,463 | +€17,189 | +152.5% |
| Profit (loss) for the period before taxes | 9903 | €25,716 | €6,664 | -€19,052 | -74.1% |
| Income taxes | 67/77 | €7,856 | €6,725 | -€1,131 | -14.4% |
| Profit (loss) for the period | 9904 | €17,860 | -€61 | -€17,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,860 | -€61 | -€17,921 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.