ENARA: 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.
ENARA
Largest movements
- Receivables within one year +€151,105
up €151,105 (+29309.5%), from €516 to €151,621
of which Other amounts receivable: +€151,621
- Cash +€61,431
up €61,431 (+979.2%), from €6,273 to €67,704
mainly Other debts (+€233,120) and Trade debts (+€2,744)
- Other debts +€233,120
up €233,120 (+2070.3%), from €11,260 to €244,380
- Profit (loss) carried forward -€22,321
down €22,321 (-235.5%), from -€9,478 to -€31,799
- Trade debts +€2,744
new in 2025: €2,744
- Gross operating margin -€13,205
down €13,205 (-148.4%), from -€8,898 to -€22,103
- Other operating charges -€438
down €438 (-87.6%), from €500 to €62
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 | €6,789 | €219,325 | +€212,536 | +3130.7% |
| Current assets | 29/58 | €6,789 | €219,325 | +€212,536 | +3130.7% |
| Amounts receivable within one year | 40/41 | €516 | €151,621 | +€151,105 | +29309.5% |
| Trade receivables | 40 | €516 | - | -€516 | |
| Other amounts receivable | 41 | - | €151,621 | +€151,621 | |
| Cash at bank and in hand | 54/58 | €6,273 | €67,704 | +€61,431 | +979.2% |
| Total equity and liabilities | 10/49 | €6,789 | €219,325 | +€212,536 | +3130.7% |
| Equity | 10/15 | -€5,478 | -€27,799 | -€22,321 | -407.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,478 | -€31,799 | -€22,321 | -235.5% |
| Amounts payable | 17/49 | €12,267 | €247,124 | +€234,857 | +1914.6% |
| Amounts payable within one year | 42/48 | €12,267 | €247,124 | +€234,857 | +1914.6% |
| Trade debts | 44 | - | €2,744 | +€2,744 | |
| Suppliers | 440/4 | - | €2,744 | +€2,744 | |
| Taxes, remuneration and social security | 45 | €1,007 | - | -€1,007 | |
| Taxes | 450/3 | €1,007 | - | -€1,007 | |
| Other amounts payable | 47/48 | €11,260 | €244,380 | +€233,120 | +2070.3% |
| Other operating charges | 640/8 | €500 | €62 | -€438 | -87.6% |
| Gross operating margin | 9900 | -€8,898 | -€22,103 | -€13,205 | -148.4% |
| Operating profit (loss) | 9901 | -€9,398 | -€22,165 | -€12,767 | -135.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €80 | €156 | +€76 | +95.0% |
| Recurring financial charges | 65 | €80 | €156 | +€76 | +95.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,478 | -€22,321 | -€12,843 | -135.5% |
| Profit (loss) for the period | 9904 | -€9,478 | -€22,321 | -€12,843 | -135.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,478 | -€22,321 | -€12,843 | -135.5% |
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.