ENBO: 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.
ENBO
Largest movements
- Tangible fixed assets -€11,228
down €11,228 (-66.3%), from €16,933 to €5,705
of which Furniture and vehicles: -€9,085
- Receivables within one year -€10,086
down €10,086 (-63.0%), from €15,998 to €5,912
of which Trade receivables: -€10,350
- Cash -€1,761
down €1,761 (-47.1%), from €3,741 to €1,980
mainly Net result for the year (-€15,319) and Other debts (-€6,874)
- Deferred charges and accrued income -€1,157
down €1,157 (-30.5%), from €3,789 to €2,632
- Profit (loss) carried forward -€15,319
down €15,319 (-60.4%), from -€25,350 to -€40,669
- Other debts -€6,874
down €6,874 (-17.2%), from €39,906 to €33,032
- Trade debts -€2,144
down €2,144 (-39.7%), from €5,405 to €3,262
- Tax, wage and social debts -€1,524
down €1,524 (-80.8%), from €1,886 to €362
- Advances received +€1,500
new in 2025: €1,500
- Gross operating margin +€2,734
up €2,734 (+48.9%), from -€5,594 to -€2,860
- Depreciation -€870
down €870 (-7.2%), from €12,098 to €11,228
- Financial income +€58
up €58 (+1,925%), from €3 to €61
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.
Derived cash bridge
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 | €40,462 | €16,229 | -€24,233 | -59.9% |
| Fixed assets | 21/28 | €16,933 | €5,705 | -€11,228 | -66.3% |
| Tangible fixed assets | 22/27 | €16,933 | €5,705 | -€11,228 | -66.3% |
| Land and buildings | 22 | €6,727 | €4,987 | -€1,740 | -25.9% |
| Plant, machinery and equipment | 23 | €733 | €329 | -€404 | -55.1% |
| Furniture and vehicles | 24 | €9,474 | €389 | -€9,085 | -95.9% |
| Current assets | 29/58 | €23,529 | €10,524 | -€13,005 | -55.3% |
| Amounts receivable within one year | 40/41 | €15,998 | €5,912 | -€10,086 | -63.0% |
| Trade receivables | 40 | €11,185 | €835 | -€10,350 | -92.5% |
| Other amounts receivable | 41 | €4,814 | €5,077 | +€263 | +5.5% |
| Cash at bank and in hand | 54/58 | €3,741 | €1,980 | -€1,761 | -47.1% |
| Deferred charges and accrued income | 490/1 | €3,789 | €2,632 | -€1,157 | -30.5% |
| Total equity and liabilities | 10/49 | €40,462 | €16,229 | -€24,233 | -59.9% |
| Equity | 10/15 | -€6,750 | -€22,069 | -€15,319 | -227% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,350 | -€40,669 | -€15,319 | -60.4% |
| Amounts payable | 17/49 | €47,212 | €38,298 | -€8,914 | -18.9% |
| Amounts payable within one year | 42/48 | €47,198 | €38,298 | -€8,900 | -18.9% |
| Financial debts | 43 | - | €142 | +€142 | |
| Credit institutions | 430/8 | - | €142 | +€142 | |
| Trade debts | 44 | €5,405 | €3,262 | -€2,144 | -39.7% |
| Suppliers | 440/4 | €5,405 | €3,262 | -€2,144 | -39.7% |
| Advances received on contracts in progress | 46 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €1,886 | €362 | -€1,524 | -80.8% |
| Taxes | 450/3 | €1,886 | €362 | -€1,524 | -80.8% |
| Other amounts payable | 47/48 | €39,906 | €33,032 | -€6,874 | -17.2% |
| Accrued charges and deferred income | 492/3 | €15 | €0 | -€15 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,098 | €11,228 | -€870 | -7.2% |
| Other operating charges | 640/8 | €932 | €931 | -€1 | -0.1% |
| Gross operating margin | 9900 | -€5,594 | -€2,860 | +€2,734 | +48.9% |
| Operating profit (loss) | 9901 | -€18,624 | -€15,019 | +€3,605 | +19.4% |
| Financial income | 75/76B | €3 | €61 | +€58 | +1,925% |
| Recurring financial income | 75 | €3 | €61 | +€58 | +1,925% |
| Financial charges | 65/66B | €196 | €229 | +€32 | +16.4% |
| Recurring financial charges | 65 | €196 | €229 | +€32 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,817 | -€15,187 | +€3,630 | +19.3% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€18,945 | -€15,319 | +€3,626 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,945 | -€15,319 | +€3,626 | +19.1% |
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 17 October 2026 via checked.be.