ENALRO: 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.
ENALRO
Largest movements
- Cash -€23,153
down €23,153 (-86.9%), from €26,642 to €3,489
mainly Net result for the year (-€22,715) and Tax, wage and social debts (-€13,192)
- Tangible fixed assets +€9,458
new in 2025: €9,458
of which Land and buildings: +€6,000
- Receivables within one year -€8,027
down €8,027 (-62.1%), from €12,922 to €4,895
of which Trade receivables: -€12,705
- Profit (loss) carried forward -€22,715
down €22,715, from €18,825 to -€3,890
- Other debts +€14,185
new in 2025: €14,185
- Tax, wage and social debts -€13,192
down €13,192 (-93.6%), from €14,089 to €897
- Gross operating margin -€50,630
down €50,630, from €29,039 to -€21,591
- Taxes -€7,200
no longer reported in 2025 (was €7,200)
- Depreciation +€536
new in 2025: €536
- Other operating charges +€339
up €339 (+185.2%), from €183 to €522
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 | €39,564 | €17,842 | -€21,722 | -54.9% |
| Fixed assets | 21/28 | - | €9,458 | +€9,458 | |
| Tangible fixed assets | 22/27 | - | €9,458 | +€9,458 | |
| Land and buildings | 22 | - | €6,000 | +€6,000 | |
| Furniture and vehicles | 24 | - | €3,458 | +€3,458 | |
| Current assets | 29/58 | €39,564 | €8,384 | -€31,180 | -78.8% |
| Amounts receivable within one year | 40/41 | €12,922 | €4,895 | -€8,027 | -62.1% |
| Trade receivables | 40 | €12,705 | - | -€12,705 | |
| Other amounts receivable | 41 | €217 | €4,895 | +€4,678 | +2155.8% |
| Cash at bank and in hand | 54/58 | €26,642 | €3,489 | -€23,153 | -86.9% |
| Total equity and liabilities | 10/49 | €39,564 | €17,842 | -€21,722 | -54.9% |
| Equity | 10/15 | €25,025 | €2,310 | -€22,715 | -90.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,825 | -€3,890 | -€22,715 | |
| Amounts payable | 17/49 | €14,539 | €15,532 | +€993 | +6.8% |
| Amounts payable within one year | 42/48 | €14,539 | €15,532 | +€993 | +6.8% |
| Trade debts | 44 | €450 | €450 | = | 0.0% |
| Suppliers | 440/4 | €450 | €450 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,089 | €897 | -€13,192 | -93.6% |
| Taxes | 450/3 | €14,089 | €897 | -€13,192 | -93.6% |
| Other amounts payable | 47/48 | - | €14,185 | +€14,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €536 | +€536 | |
| Other operating charges | 640/8 | €183 | €522 | +€339 | +185.2% |
| Gross operating margin | 9900 | €29,039 | -€21,591 | -€50,630 | |
| Operating profit (loss) | 9901 | €28,856 | -€22,649 | -€51,505 | |
| Financial charges | 65/66B | €189 | €66 | -€123 | -65.1% |
| Recurring financial charges | 65 | €189 | €66 | -€123 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €28,667 | -€22,715 | -€51,382 | |
| Income taxes | 67/77 | €7,200 | - | -€7,200 | |
| Profit (loss) for the period | 9904 | €21,467 | -€22,715 | -€44,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,467 | -€22,715 | -€44,182 |
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 9 October 2026 via checked.be.