Enerall: 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.
Enerall
Largest movements
- Intangible fixed assets -€39,141
down €39,141 (-31.6%), from €123,859 to €84,718
- Cash -€36,894
down €36,894 (-60.4%), from €61,128 to €24,234
mainly Net result for the year (-€68,771) and Trade debts (-€29,222)
- Receivables within one year -€13,058
down €13,058 (-80.2%), from €16,290 to €3,232
of which Trade receivables: -€11,754
- Formation expenses -€11,830
down €11,830 (-42.7%), from €27,733 to €15,903
- Tangible fixed assets -€3,097
down €3,097 (-84.7%), from €3,658 to €561
- Profit (loss) carried forward -€68,771
down €68,771 (-74.1%), from -€92,789 to -€161,560
- Trade debts -€29,222
down €29,222 (-84.9%), from €34,411 to €5,190
- Investment grants -€5,840
down €5,840 (-53.2%), from €10,969 to €5,129
- Depreciation +€15,948
up €15,948 (+41.8%), from €38,120 to €54,068
- Gross operating margin +€3,368
up €3,368 (+28.6%), from -€11,790 to -€8,422
- Financial charges +€1,525
up €1,525 (+13.1%), from €11,596 to €13,121
- Other operating charges -€462
down €462 (-49.8%), from €928 to €465
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 | €245,489 | €141,468 | -€104,021 | -42.4% |
| Formation expenses | 20 | €27,733 | €15,903 | -€11,830 | -42.7% |
| Fixed assets | 21/28 | €127,517 | €85,279 | -€42,238 | -33.1% |
| Intangible fixed assets | 21 | €123,859 | €84,718 | -€39,141 | -31.6% |
| Tangible fixed assets | 22/27 | €3,658 | €561 | -€3,097 | -84.7% |
| Plant, machinery and equipment | 23 | €3,658 | €561 | -€3,097 | -84.7% |
| Current assets | 29/58 | €90,239 | €40,286 | -€49,952 | -55.4% |
| Stocks and contracts in progress | 3 | €12,820 | €12,820 | = | 0.0% |
| Stocks | 30/36 | €12,820 | €12,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,290 | €3,232 | -€13,058 | -80.2% |
| Trade receivables | 40 | €14,858 | €3,104 | -€11,754 | -79.1% |
| Other amounts receivable | 41 | €1,432 | €128 | -€1,304 | -91.1% |
| Cash at bank and in hand | 54/58 | €61,128 | €24,234 | -€36,894 | -60.4% |
| Total equity and liabilities | 10/49 | €245,489 | €141,468 | -€104,021 | -42.4% |
| Equity | 10/15 | -€51,820 | -€126,431 | -€74,611 | -144% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,789 | -€161,560 | -€68,771 | -74.1% |
| Investment grants | 15 | €10,969 | €5,129 | -€5,840 | -53.2% |
| Provisions and deferred taxes | 16 | €2,742 | €1,282 | -€1,460 | -53.2% |
| Deferred taxes | 168 | €2,742 | €1,282 | -€1,460 | -53.2% |
| Amounts payable | 17/49 | €294,567 | €266,617 | -€27,950 | -9.5% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,567 | €16,617 | -€27,950 | -62.7% |
| Trade debts | 44 | €34,411 | €5,190 | -€29,222 | -84.9% |
| Suppliers | 440/4 | €34,411 | €5,190 | -€29,222 | -84.9% |
| Advances received on contracts in progress | 46 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €10,155 | €10,377 | +€222 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,120 | €54,068 | +€15,948 | +41.8% |
| Other operating charges | 640/8 | €928 | €465 | -€462 | -49.8% |
| Gross operating margin | 9900 | -€11,790 | -€8,422 | +€3,368 | +28.6% |
| Operating profit (loss) | 9901 | -€50,838 | -€62,956 | -€12,118 | -23.8% |
| Financial income | 75/76B | €5,841 | €5,846 | +€5 | +0.1% |
| Recurring financial income | 75 | €5,841 | €5,846 | +€5 | +0.1% |
| Financial charges | 65/66B | €11,596 | €13,121 | +€1,525 | +13.1% |
| Recurring financial charges | 65 | €11,596 | €13,121 | +€1,525 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€56,594 | -€70,231 | -€13,637 | -24.1% |
| Transfer from deferred taxes | 780 | €1,460 | €1,460 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€55,134 | -€68,771 | -€13,637 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,134 | -€68,771 | -€13,637 | -24.7% |
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 15 October 2026 via checked.be.