ENEMAN BRUGGE: what changed
ENEMAN BRUGGE
Largest movements
- Receivables within one year +€250,357
up €250,357 (+118%), from €211,524 to €461,881
of which Trade receivables: +€224,072
- Cash +€58,467
up €58,467 (+1,092%), from €5,356 to €63,823
mainly Other debts (+€180,885) and Trade debts (+€105,505)
- Stocks and contracts -€7,587
no longer reported in 2025 (was €7,587)
- Tangible fixed assets +€6,161
new in 2025: €6,161
of which Plant, machinery and equipment: +€5,484
- Other debts +€180,885
up €180,885 (+411%), from €44,026 to €224,911
- Trade debts +€105,505
up €105,505 (+379,379%), from €28 to €105,533
- Tax, wage and social debts +€24,417
up €24,417 (+13,405%), from €182 to €24,599
- Debts after one year -€5,988
down €5,988 (-24.9%), from €24,012 to €18,023
- Gross operating margin +€13,605
up €13,605, from -€10,281 to €3,323
- Taxes +€2,606
new in 2025: €2,606
- Financial income +€1,574
up €1,574 (+19.1%), from €8,249 to €9,822
- Depreciation +€789
new in 2025: €789
- Other operating charges -€538
down €538 (-10.2%), from €5,265 to €4,727
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,723 | €536,654 | +€311,931 | +139% |
| Fixed assets | 21/28 | - | €6,161 | +€6,161 | |
| Tangible fixed assets | 22/27 | - | €6,161 | +€6,161 | |
| Plant, machinery and equipment | 23 | - | €5,484 | +€5,484 | |
| Furniture and vehicles | 24 | - | €677 | +€677 | |
| Current assets | 29/58 | €224,723 | €530,493 | +€305,770 | +136% |
| Stocks and contracts in progress | 3 | €7,587 | - | -€7,587 | |
| Contracts in progress | 37 | €7,587 | - | -€7,587 | |
| Amounts receivable within one year | 40/41 | €211,524 | €461,881 | +€250,357 | +118% |
| Trade receivables | 40 | - | €224,072 | +€224,072 | |
| Other amounts receivable | 41 | €211,524 | €237,810 | +€26,285 | +12.4% |
| Cash at bank and in hand | 54/58 | €5,356 | €63,823 | +€58,467 | +1,092% |
| Deferred charges and accrued income | 490/1 | €256 | €4,789 | +€4,533 | +1,773% |
| Total equity and liabilities | 10/49 | €224,723 | €536,654 | +€311,931 | +139% |
| Equity | 10/15 | €150,940 | €154,614 | +€3,674 | +2.4% |
| Contributions | 10/11 | €128,000 | €128,000 | = | 0.0% |
| Capital | 10 | €128,000 | €128,000 | = | 0.0% |
| Issued capital | 100 | €128,000 | €128,000 | = | 0.0% |
| Reserves | 13 | €12,800 | €12,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,800 | €12,800 | = | 0.0% |
| Legal reserve | 130 | €12,800 | €12,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,140 | €13,814 | +€3,674 | +36.2% |
| Amounts payable | 17/49 | €73,783 | €382,040 | +€308,257 | +418% |
| Amounts payable after more than one year | 17 | €24,012 | €18,023 | -€5,988 | -24.9% |
| Financial debts | 170/4 | €24,012 | €18,023 | -€5,988 | -24.9% |
| Amounts payable within one year | 42/48 | €49,772 | €361,017 | +€311,245 | +625% |
| Current portion of amounts payable after more than one year | 42 | €5,536 | €5,974 | +€438 | +7.9% |
| Trade debts | 44 | €28 | €105,533 | +€105,505 | +379,379% |
| Suppliers | 440/4 | €28 | €105,533 | +€105,505 | +379,379% |
| Taxes, remuneration and social security | 45 | €182 | €24,599 | +€24,417 | +13,405% |
| Taxes | 450/3 | €182 | €24,599 | +€24,417 | +13,405% |
| Other amounts payable | 47/48 | €44,026 | €224,911 | +€180,885 | +411% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €789 | +€789 | |
| Other operating charges | 640/8 | €5,265 | €4,727 | -€538 | -10.2% |
| Gross operating margin | 9900 | -€10,281 | €3,323 | +€13,605 | |
| Operating profit (loss) | 9901 | -€15,547 | -€2,193 | +€13,353 | +85.9% |
| Financial income | 75/76B | €8,249 | €9,822 | +€1,574 | +19.1% |
| Recurring financial income | 75 | €8,249 | €9,822 | +€1,574 | +19.1% |
| Financial charges | 65/66B | €1,019 | €1,349 | +€331 | +32.5% |
| Recurring financial charges | 65 | €1,019 | €1,349 | +€331 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,316 | €6,280 | +€14,596 | |
| Income taxes | 67/77 | - | €2,606 | +€2,606 | |
| Profit (loss) for the period | 9904 | -€8,316 | €3,674 | +€11,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,316 | €3,674 | +€11,991 |
Next steps
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 5 November 2026 via checked.be.