ENEMAN BELGIUM: what changed
What changed
ENEMAN BELGIUM
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
€89,746
2024 · €100,825-€11,080
Equity
€249,462
2024 · €160,716+€88,746
Cash
€167,990
2024 · €403,977-€235,987
Balance sheet total
€453,050
2024 · €670,317-€217,267
Largest movements
Assets
- Cash -€235,987
down €235,987 (-58.4%), from €403,977 to €167,990
mainly Advances received (-€300,646) and Investment in fixed assets (net) (-€53,700)
- Tangible fixed assets +€43,987
up €43,987 (+2,283%), from €1,927 to €45,914
of which Furniture and vehicles: +€40,047
- Receivables within one year +€37,291
up €37,291 (+146%), from €25,589 to €62,880
of which Other amounts receivable: +€27,852
- Intangible fixed assets -€32,303
down €32,303 (-19.5%), from €165,996 to €133,693
- Stocks and contracts -€31,984
down €31,984 (-45.5%), from €70,312 to €38,328
Equity and liabilities
- Advances received -€300,646
down €300,646 (-99.0%), from €303,671 to €3,025
- Reserves +€88,746
up €88,746 (+58.9%), from €150,716 to €239,462
- Debts after one year -€17,119
down €17,119 (-13.9%), from €123,341 to €106,222
- Current portion of long-term debt +€11,672
up €11,672 (+29.6%), from €39,404 to €51,076
Income statement
- Depreciation +€8,895
up €8,895 (+26.5%), from €33,520 to €42,415
- Gross operating margin -€8,196
down €8,196 (-3.3%), from €249,758 to €241,562
- Taxes -€3,408
down €3,408 (-11.9%), from €28,664 to €25,256
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€100,825
Gross operating margin
-€8,196
Staff costs
+€937
Depreciation
-€8,895
Other operating charges
+€1,466
Financial income
-€81
Financial charges
+€281
Taxes
+€3,408
Result 2025
€89,746
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€180,840
Investment
-€53,700
Financing
-€1,447
Cash 2024
€403,977
From operations (derived)
-€180,840
Net result for the year
+€89,746
Depreciation
+€42,415
Stocks and contracts
+€31,984
Receivables within one year
-€37,291
Deferred charges and accrued income
-€2,128
Trade debts
+€2,089
Tax, wage and social debts
-€5,416
Advances received
-€300,646
Other debts
-€774
Accrued charges and deferred income
-€819
Investment (derived)
-€53,700
Investment in fixed assets (net)
-€53,700
Financing
-€1,447
Debts after one year
-€17,119
Current portion of long-term debt
+€11,672
Short-term financial debts
+€5,000
Contributions, distributions and other
-€1,000
Cash 2025
€167,990
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,317 | €453,050 | -€217,267 | -32.4% |
| Fixed assets | 21/28 | €168,323 | €179,608 | +€11,285 | +6.7% |
| Intangible fixed assets | 21 | €165,996 | €133,693 | -€32,303 | -19.5% |
| Tangible fixed assets | 22/27 | €1,927 | €45,914 | +€43,987 | +2,283% |
| Furniture and vehicles | 24 | €1,927 | €41,974 | +€40,047 | +2,078% |
| Other tangible fixed assets | 26 | - | €3,940 | +€3,940 | |
| Financial fixed assets | 28 | €400 | €0 | -€400 | -100% |
| Current assets | 29/58 | €501,994 | €273,443 | -€228,552 | -45.5% |
| Stocks and contracts in progress | 3 | €70,312 | €38,328 | -€31,984 | -45.5% |
| Contracts in progress | 37 | €70,312 | €38,328 | -€31,984 | -45.5% |
| Amounts receivable within one year | 40/41 | €25,589 | €62,880 | +€37,291 | +146% |
| Trade receivables | 40 | €25,589 | €35,028 | +€9,439 | +36.9% |
| Other amounts receivable | 41 | €0 | €27,852 | +€27,852 | |
| Cash at bank and in hand | 54/58 | €403,977 | €167,990 | -€235,987 | -58.4% |
| Deferred charges and accrued income | 490/1 | €2,116 | €4,244 | +€2,128 | +101% |
| Total equity and liabilities | 10/49 | €670,317 | €453,050 | -€217,267 | -32.4% |
| Equity | 10/15 | €160,716 | €249,462 | +€88,746 | +55.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €150,716 | €239,462 | +€88,746 | +58.9% |
| Distributable reserves | 133 | €150,716 | €239,462 | +€88,746 | +58.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €509,601 | €203,588 | -€306,012 | -60.0% |
| Amounts payable after more than one year | 17 | €123,341 | €106,222 | -€17,119 | -13.9% |
| Financial debts | 170/4 | €123,341 | €106,222 | -€17,119 | -13.9% |
| Amounts payable within one year | 42/48 | €385,441 | €97,366 | -€288,075 | -74.7% |
| Current portion of amounts payable after more than one year | 42 | €39,404 | €51,076 | +€11,672 | +29.6% |
| Financial debts | 43 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Credit institutions | 430/8 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Trade debts | 44 | €8,095 | €10,184 | +€2,089 | +25.8% |
| Suppliers | 440/4 | €8,095 | €10,184 | +€2,089 | +25.8% |
| Advances received on contracts in progress | 46 | €303,671 | €3,025 | -€300,646 | -99.0% |
| Taxes, remuneration and social security | 45 | €18,446 | €13,030 | -€5,416 | -29.4% |
| Taxes | 450/3 | €6,871 | €3,141 | -€3,730 | -54.3% |
| Remuneration and social security | 454/9 | €11,574 | €9,888 | -€1,686 | -14.6% |
| Other amounts payable | 47/48 | €826 | €52 | -€774 | -93.7% |
| Accrued charges and deferred income | 492/3 | €819 | €0 | -€819 | -100% |
| Remuneration, social security and pensions | 62 | €76,405 | €75,469 | -€937 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,520 | €42,415 | +€8,895 | +26.5% |
| Other operating charges | 640/8 | €1,784 | €317 | -€1,466 | -82.2% |
| Gross operating margin | 9900 | €249,758 | €241,562 | -€8,196 | -3.3% |
| Operating profit (loss) | 9901 | €138,049 | €123,361 | -€14,688 | -10.6% |
| Financial income | 75/76B | €88 | €7 | -€81 | -92.3% |
| Recurring financial income | 75 | €88 | €7 | -€81 | -92.3% |
| Financial charges | 65/66B | €8,647 | €8,367 | -€281 | -3.2% |
| Recurring financial charges | 65 | €8,647 | €8,367 | -€281 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €129,489 | €115,001 | -€14,488 | -11.2% |
| Income taxes | 67/77 | €28,664 | €25,256 | -€3,408 | -11.9% |
| Profit (loss) for the period | 9904 | €100,825 | €89,746 | -€11,080 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,825 | €89,746 | -€11,080 | -11.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.