ENALOS: 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.
ENALOS
Largest movements
- Receivables within one year +€25,816
up €25,816 (+270%), from €9,555 to €35,370
- Tangible fixed assets -€3,163
down €3,163 (-33.0%), from €9,581 to €6,418
- Stocks and contracts -€500
down €500 (-22.2%), from €2,250 to €1,750
- Trade debts +€18,144
up €18,144 (+125%), from €14,503 to €32,647
- Profit (loss) carried forward +€11,442
up €11,442 (+57.2%), from -€20,012 to -€8,570
- Other debts -€7,899
down €7,899 (-43.9%), from €17,985 to €10,086
- Staff costs -€46,912
down €46,912 (-78.0%), from €60,137 to €13,226
- Gross operating margin -€7,261
down €7,261 (-18.7%), from €38,799 to €31,538
- Financial charges +€481
up €481 (+155%), from €309 to €790
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 | €23,297 | €45,314 | +€22,017 | +94.5% |
| Fixed assets | 21/28 | €9,581 | €6,418 | -€3,163 | -33.0% |
| Tangible fixed assets | 22/27 | €9,581 | €6,418 | -€3,163 | -33.0% |
| Plant, machinery and equipment | 23 | €9,581 | €6,418 | -€3,163 | -33.0% |
| Current assets | 29/58 | €13,715 | €38,896 | +€25,180 | +184% |
| Stocks and contracts in progress | 3 | €2,250 | €1,750 | -€500 | -22.2% |
| Stocks | 30/36 | €2,250 | €1,750 | -€500 | -22.2% |
| Amounts receivable within one year | 40/41 | €9,555 | €35,370 | +€25,816 | +270% |
| Trade receivables | 40 | €9,555 | €35,370 | +€25,816 | +270% |
| Cash at bank and in hand | 54/58 | €1,911 | €1,775 | -€136 | -7.1% |
| Total equity and liabilities | 10/49 | €23,297 | €45,314 | +€22,017 | +94.5% |
| Equity | 10/15 | -€18,012 | -€6,570 | +€11,442 | +63.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,012 | -€8,570 | +€11,442 | +57.2% |
| Amounts payable | 17/49 | €41,309 | €51,884 | +€10,575 | +25.6% |
| Amounts payable within one year | 42/48 | €41,309 | €51,884 | +€10,575 | +25.6% |
| Trade debts | 44 | €14,503 | €32,647 | +€18,144 | +125% |
| Suppliers | 440/4 | €14,503 | €32,647 | +€18,144 | +125% |
| Taxes, remuneration and social security | 45 | €8,820 | €9,150 | +€330 | +3.7% |
| Taxes | 450/3 | €3,774 | €1,385 | -€2,389 | -63.3% |
| Remuneration and social security | 454/9 | €5,046 | €7,765 | +€2,719 | +53.9% |
| Other amounts payable | 47/48 | €17,985 | €10,086 | -€7,899 | -43.9% |
| Remuneration, social security and pensions | 62 | €60,137 | €13,226 | -€46,912 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,163 | €3,163 | = | 0.0% |
| Other operating charges | 640/8 | €127 | - | -€127 | |
| Non-recurring operating charges | 66A | €446 | €2,917 | +€2,471 | +553% |
| Gross operating margin | 9900 | €38,799 | €31,538 | -€7,261 | -18.7% |
| Operating profit (loss) | 9901 | -€25,075 | €12,232 | +€37,307 | |
| Financial charges | 65/66B | €309 | €790 | +€481 | +155% |
| Recurring financial charges | 65 | €309 | €790 | +€481 | +155% |
| Profit (loss) for the period before taxes | 9903 | -€25,385 | €11,442 | +€36,826 | |
| Profit (loss) for the period | 9904 | -€25,385 | €11,442 | +€36,826 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,385 | €11,442 | +€36,826 |
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 29 October 2026 via checked.be.