ENBEE: 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.
ENBEE
Largest movements
- Cash +€22,354
up €22,354 (+19.4%), from €115,078 to €137,432
mainly Net result for the year (+€57,674) and Depreciation (+€1,276)
- Current investments +€17,200
up €17,200 (+86.0%), from €20,000 to €37,200
- Receivables within one year +€14,551
up €14,551 (+67.1%), from €21,700 to €36,251
of which Other amounts receivable: +€12,348
- Reserves +€57,674
up €57,674 (+53.5%), from €107,712 to €165,386
- Gross operating margin +€10,490
up €10,490 (+15.0%), from €69,988 to €80,477
- Taxes +€2,876
up €2,876 (+14.9%), from €19,261 to €22,137
- Financial income +€1,082
up €1,082 (+147.9%), from €731 to €1,813
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 | €160,697 | €214,330 | +€53,634 | +33.4% |
| Fixed assets | 21/28 | €1,963 | €2,750 | +€787 | +40.1% |
| Tangible fixed assets | 22/27 | €1,963 | €2,750 | +€787 | +40.1% |
| Plant, machinery and equipment | 23 | €772 | €88 | -€684 | -88.6% |
| Furniture and vehicles | 24 | €1,191 | €2,662 | +€1,471 | +123.5% |
| Current assets | 29/58 | €158,734 | €211,581 | +€52,847 | +33.3% |
| Amounts receivable within one year | 40/41 | €21,700 | €36,251 | +€14,551 | +67.1% |
| Trade receivables | 40 | €14,603 | €16,807 | +€2,204 | +15.1% |
| Other amounts receivable | 41 | €7,097 | €19,445 | +€12,348 | +174.0% |
| Current investments | 50/53 | €20,000 | €37,200 | +€17,200 | +86.0% |
| Cash at bank and in hand | 54/58 | €115,078 | €137,432 | +€22,354 | +19.4% |
| Deferred charges and accrued income | 490/1 | €1,957 | €698 | -€1,259 | -64.3% |
| Total equity and liabilities | 10/49 | €160,697 | €214,330 | +€53,634 | +33.4% |
| Equity | 10/15 | €112,712 | €170,386 | +€57,674 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,712 | €165,386 | +€57,674 | +53.5% |
| Distributable reserves | 133 | €107,712 | €165,386 | +€57,674 | +53.5% |
| Amounts payable | 17/49 | €47,985 | €43,944 | -€4,041 | -8.4% |
| Amounts payable within one year | 42/48 | €47,985 | €43,944 | -€4,041 | -8.4% |
| Trade debts | 44 | €3,637 | €1,555 | -€2,082 | -57.2% |
| Suppliers | 440/4 | €3,637 | €1,555 | -€2,082 | -57.2% |
| Taxes, remuneration and social security | 45 | €44,348 | €42,390 | -€1,959 | -4.4% |
| Taxes | 450/3 | €44,348 | €42,390 | -€1,959 | -4.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €719 | €1,276 | +€557 | +77.4% |
| Other operating charges | 640/8 | €190 | €593 | +€404 | +212.7% |
| Gross operating margin | 9900 | €69,988 | €80,477 | +€10,490 | +15.0% |
| Operating profit (loss) | 9901 | €69,079 | €78,608 | +€9,529 | +13.8% |
| Financial income | 75/76B | €731 | €1,813 | +€1,082 | +147.9% |
| Recurring financial income | 75 | €731 | €1,813 | +€1,082 | +147.9% |
| Financial charges | 65/66B | €711 | €610 | -€101 | -14.3% |
| Recurring financial charges | 65 | €711 | €610 | -€101 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €69,099 | €79,812 | +€10,713 | +15.5% |
| Income taxes | 67/77 | €19,261 | €22,137 | +€2,876 | +14.9% |
| Profit (loss) for the period | 9904 | €49,838 | €57,674 | +€7,837 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,838 | €57,674 | +€7,837 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.