ENBEMA: 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.
ENBEMA
Largest movements
- Current investments +€324,683
up €324,683 (+165.3%), from €196,399 to €521,082
- Receivables within one year -€86,493
no longer reported in 2025 (was €86,493)
of which Trade receivables: -€75,746
- Cash +€48,844
up €48,844 (+660.5%), from €7,395 to €56,239
mainly Net result for the year (+€341,231) and Receivables within one year (+€86,493)
- Reserves +€341,231
up €341,231 (+53.9%), from €633,565 to €974,796
- Trade debts -€58,815
down €58,815 (-97.9%), from €60,063 to €1,248
- Debts after one year -€50,524
down €50,524 (-45.8%), from €110,284 to €59,760
- Tax, wage and social debts +€43,003
up €43,003 (+163.2%), from €26,356 to €69,358
- Gross operating margin +€200,023
up €200,023 (+66.2%), from €302,151 to €502,174
- Taxes +€77,388
up €77,388 (+101.8%), from €75,989 to €153,377
- Depreciation -€52,369
down €52,369 (-83.2%), from €62,942 to €10,573
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 | €1,340,753 | €1,619,624 | +€278,871 | +20.8% |
| Fixed assets | 21/28 | €1,049,489 | €1,040,835 | -€8,654 | -0.8% |
| Tangible fixed assets | 22/27 | €394,328 | €384,175 | -€10,154 | -2.6% |
| Land and buildings | 22 | €390,104 | €381,110 | -€8,995 | -2.3% |
| Furniture and vehicles | 24 | €4,224 | €3,065 | -€1,159 | -27.4% |
| Financial fixed assets | 28 | €655,161 | €656,661 | +€1,500 | +0.2% |
| Current assets | 29/58 | €291,264 | €578,789 | +€287,525 | +98.7% |
| Amounts receivable within one year | 40/41 | €86,493 | - | -€86,493 | |
| Trade receivables | 40 | €75,746 | - | -€75,746 | |
| Other amounts receivable | 41 | €10,748 | - | -€10,748 | |
| Current investments | 50/53 | €196,399 | €521,082 | +€324,683 | +165.3% |
| Cash at bank and in hand | 54/58 | €7,395 | €56,239 | +€48,844 | +660.5% |
| Deferred charges and accrued income | 490/1 | €977 | €1,468 | +€491 | +50.3% |
| Total equity and liabilities | 10/49 | €1,340,753 | €1,619,624 | +€278,871 | +20.8% |
| Equity | 10/15 | €1,089,178 | €1,430,409 | +€341,231 | +31.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €633,565 | €974,796 | +€341,231 | +53.9% |
| Distributable reserves | 133 | €633,565 | €974,796 | +€341,231 | +53.9% |
| Profit (loss) carried forward | 14 | €449,413 | €449,413 | = | 0.0% |
| Amounts payable | 17/49 | €251,575 | €189,215 | -€62,360 | -24.8% |
| Amounts payable after more than one year | 17 | €110,284 | €59,760 | -€50,524 | -45.8% |
| Financial debts | 170/4 | €110,284 | €59,760 | -€50,524 | -45.8% |
| Amounts payable within one year | 42/48 | €141,291 | €129,343 | -€11,948 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €49,886 | €50,524 | +€637 | +1.3% |
| Trade debts | 44 | €60,063 | €1,248 | -€58,815 | -97.9% |
| Suppliers | 440/4 | €60,063 | €1,248 | -€58,815 | -97.9% |
| Taxes, remuneration and social security | 45 | €26,356 | €69,358 | +€43,003 | +163.2% |
| Taxes | 450/3 | €26,356 | €69,358 | +€43,003 | +163.2% |
| Other amounts payable | 47/48 | €4,987 | €8,214 | +€3,227 | +64.7% |
| Accrued charges and deferred income | 492/3 | - | €112 | +€112 | |
| Non-recurring operating income | 76A | - | €419 | +€419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,942 | €10,573 | -€52,369 | -83.2% |
| Other operating charges | 640/8 | €2,449 | €968 | -€1,481 | -60.5% |
| Gross operating margin | 9900 | €302,151 | €502,174 | +€200,023 | +66.2% |
| Operating profit (loss) | 9901 | €236,760 | €490,634 | +€253,874 | +107.2% |
| Financial income | 75/76B | €1,635 | €6,122 | +€4,487 | +274.3% |
| Recurring financial income | 75 | €1,635 | €6,122 | +€4,487 | +274.3% |
| Financial charges | 65/66B | -€319 | €2,148 | +€2,467 | |
| Recurring financial charges | 65 | -€319 | €2,148 | +€2,467 | |
| Profit (loss) for the period before taxes | 9903 | €238,714 | €494,608 | +€255,894 | +107.2% |
| Income taxes | 67/77 | €75,989 | €153,377 | +€77,388 | +101.8% |
| Profit (loss) for the period | 9904 | €162,725 | €341,231 | +€178,506 | +109.7% |
| Profit (loss) for the period to be appropriated | 9905 | €162,725 | €341,231 | +€178,506 | +109.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.