ENATO: what changed
Two fiscal 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.
ENATO
Largest movements
- Receivables within one year +€95,070
up €95,070 (+21.3%), from €445,772 to €540,842
- Tangible fixed assets -€81,806
down €81,806 (-5.9%), from €1.4m to €1.3m
of which Land and buildings: -€78,426
- Debts after one year -€78,955
down €78,955 (-7.8%), from €1.0m to €938,215
- Profit (loss) carried forward +€64,450
up €64,450 (+38.7%), from €166,714 to €231,164
- Tax, wage and social debts +€24,141
up €24,141 (+278.5%), from €8,668 to €32,809
- Taxes +€14,680
up €14,680 (+155.2%), from €9,461 to €24,141
- Gross operating margin +€3,229
up €3,229 (+1.5%), from €217,009 to €220,238
- Financial charges +€2,228
up €2,228 (+5.4%), from €41,372 to €43,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,868,779 | €1,885,370 | +€16,591 | +0.9% |
| Fixed assets | 21/28 | €1,388,699 | €1,306,894 | -€81,806 | -5.9% |
| Tangible fixed assets | 22/27 | €1,388,699 | €1,306,894 | -€81,806 | -5.9% |
| Land and buildings | 22 | €1,380,442 | €1,302,016 | -€78,426 | -5.7% |
| Plant, machinery and equipment | 23 | €8,258 | €4,878 | -€3,380 | -40.9% |
| Current assets | 29/58 | €480,080 | €578,477 | +€98,397 | +20.5% |
| Amounts receivable within one year | 40/41 | €445,772 | €540,842 | +€95,070 | +21.3% |
| Other amounts receivable | 41 | €445,772 | €540,842 | +€95,070 | +21.3% |
| Cash at bank and in hand | 54/58 | €25,581 | €19,302 | -€6,279 | -24.5% |
| Deferred charges and accrued income | 490/1 | €8,727 | €18,333 | +€9,605 | +110.1% |
| Total equity and liabilities | 10/49 | €1,868,779 | €1,885,370 | +€16,591 | +0.9% |
| Equity | 10/15 | €244,542 | €308,992 | +€64,450 | +26.4% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €45,828 | €45,828 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €39,628 | €39,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,714 | €231,164 | +€64,450 | +38.7% |
| Amounts payable | 17/49 | €1,624,237 | €1,576,379 | -€47,859 | -2.9% |
| Amounts payable after more than one year | 17 | €1,017,170 | €938,215 | -€78,955 | -7.8% |
| Financial debts | 170/4 | €1,017,170 | €938,215 | -€78,955 | -7.8% |
| Amounts payable within one year | 42/48 | €606,160 | €633,988 | +€27,828 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €77,880 | €78,955 | +€1,074 | +1.4% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €19,613 | €20,725 | +€1,113 | +5.7% |
| Suppliers | 440/4 | €19,613 | €20,725 | +€1,113 | +5.7% |
| Taxes, remuneration and social security | 45 | €8,668 | €32,809 | +€24,141 | +278.5% |
| Taxes | 450/3 | €8,668 | €32,809 | +€24,141 | +278.5% |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €907 | €4,175 | +€3,268 | +360.2% |
| Non-recurring operating income | 76A | - | €84 | +€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,840 | €81,806 | -€34 | 0.0% |
| Other operating charges | 640/8 | €15,260 | €15,847 | +€587 | +3.8% |
| Gross operating margin | 9900 | €217,009 | €220,238 | +€3,229 | +1.5% |
| Operating profit (loss) | 9901 | €119,910 | €122,585 | +€2,676 | +2.2% |
| Financial income | 75/76B | €7,953 | €9,605 | +€1,652 | +20.8% |
| Recurring financial income | 75 | €7,953 | €9,605 | +€1,652 | +20.8% |
| Financial charges | 65/66B | €41,372 | €43,600 | +€2,228 | +5.4% |
| Recurring financial charges | 65 | €41,372 | €43,600 | +€2,228 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €86,491 | €88,591 | +€2,100 | +2.4% |
| Income taxes | 67/77 | €9,461 | €24,141 | +€14,680 | +155.2% |
| Profit (loss) for the period | 9904 | €77,030 | €64,450 | -€12,580 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,030 | €64,450 | -€12,580 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.