Enead: 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.
Enead
Largest movements
- Cash +€52,747
up €52,747 (+264%), from €19,975 to €72,722
mainly Net result for the year (+€58,615) and Tax, wage and social debts (+€22,822)
- Receivables within one year +€27,214
up €27,214 (+251%), from €10,839 to €38,053
- Tangible fixed assets +€3,148
up €3,148 (+93.0%), from €3,383 to €6,531
- Reserves +€58,615
up €58,615 (+566%), from €10,360 to €68,975
- Tax, wage and social debts +€22,822
up €22,822 (+240%), from €9,509 to €32,330
- Other debts -€4,531
down €4,531 (-38.3%), from €11,826 to €7,295
- Trade debts +€3,657
up €3,657 (+640%), from €572 to €4,229
- Accrued charges and deferred income +€1,803
up €1,803 (+515%), from €350 to €2,153
- Gross operating margin +€66,989
up €66,989 (+428%), from €15,647 to €82,635
- Taxes +€18,117
up €18,117 (+464%), from €3,907 to €22,024
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 | €35,116 | €117,482 | +€82,366 | +235% |
| Fixed assets | 21/28 | €3,383 | €6,531 | +€3,148 | +93.0% |
| Tangible fixed assets | 22/27 | €3,383 | €6,531 | +€3,148 | +93.0% |
| Other tangible fixed assets | 26 | €3,383 | €6,531 | +€3,148 | +93.0% |
| Current assets | 29/58 | €31,733 | €110,951 | +€79,218 | +250% |
| Amounts receivable within one year | 40/41 | €10,839 | €38,053 | +€27,214 | +251% |
| Trade receivables | 40 | €10,839 | €38,053 | +€27,214 | +251% |
| Cash at bank and in hand | 54/58 | €19,975 | €72,722 | +€52,747 | +264% |
| Deferred charges and accrued income | 490/1 | €919 | €175 | -€744 | -81.0% |
| Total equity and liabilities | 10/49 | €35,116 | €117,482 | +€82,366 | +235% |
| Equity | 10/15 | €12,860 | €71,475 | +€58,615 | +456% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,360 | €68,975 | +€58,615 | +566% |
| Distributable reserves | 133 | €10,360 | €68,975 | +€58,615 | +566% |
| Amounts payable | 17/49 | €22,256 | €46,007 | +€23,751 | +107% |
| Amounts payable within one year | 42/48 | €21,906 | €43,854 | +€21,948 | +100% |
| Trade debts | 44 | €572 | €4,229 | +€3,657 | +640% |
| Suppliers | 440/4 | €572 | €4,229 | +€3,657 | +640% |
| Taxes, remuneration and social security | 45 | €9,509 | €32,330 | +€22,822 | +240% |
| Taxes | 450/3 | €9,509 | €32,330 | +€22,822 | +240% |
| Other amounts payable | 47/48 | €11,826 | €7,295 | -€4,531 | -38.3% |
| Accrued charges and deferred income | 492/3 | €350 | €2,153 | +€1,803 | +515% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,692 | €1,796 | +€104 | +6.2% |
| Other operating charges | 640/8 | €225 | €202 | -€23 | -10.3% |
| Gross operating margin | 9900 | €15,647 | €82,635 | +€66,989 | +428% |
| Operating profit (loss) | 9901 | €13,730 | €80,638 | +€66,908 | +487% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €177 | €68 | -€109 | -61.5% |
| Recurring financial charges | 65 | €177 | €68 | -€109 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €13,553 | €80,638 | +€67,085 | +495% |
| Income taxes | 67/77 | €3,907 | €22,024 | +€18,117 | +464% |
| Profit (loss) for the period | 9904 | €9,646 | €58,615 | +€48,969 | +508% |
| Profit (loss) for the period to be appropriated | 9905 | €9,646 | €58,615 | +€48,969 | +508% |
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 25 October 2026 via checked.be.