ENES: what changed
Two fiscal 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.
ENES
Largest movements
- Tangible fixed assets -€19,150
down €19,150 (-24.5%), from €78,119 to €58,970
- Receivables within one year +€15,348
up €15,348 (+56.5%), from €27,155 to €42,504
of which Other amounts receivable: +€13,387
- Cash -€2,727
down €2,727 (-24.5%), from €11,138 to €8,411
mainly Net result for the year (-€31,699) and Receivables within one year (-€15,348)
- Profit (loss) carried forward -€31,699
down €31,699 (-90.5%), from €35,016 to €3,316
- Other debts +€28,113
up €28,113 (+55.5%), from €50,688 to €78,800
- Current portion of long-term debt -€5,059
down €5,059 (-66.1%), from €7,658 to €2,599
- Tax, wage and social debts +€2,773
new in 2025: €2,773
- Debts after one year -€2,599
no longer reported in 2025 (was €2,599)
- Turnover -€69,460
no longer reported in 2025 (was €69,460)
- Purchases and services -€55,883
no longer reported in 2025 (was €55,883)
- Gross operating margin -€27,923
down €27,923, from €17,366 to -€10,557
- Depreciation +€4,539
up €4,539 (+31.1%), from €14,611 to €19,150
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.
Cash bridge derived
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 | €116,412 | €110,534 | -€5,878 | -5.0% |
| Fixed assets | 21/28 | €78,119 | €58,970 | -€19,150 | -24.5% |
| Tangible fixed assets | 22/27 | €78,119 | €58,970 | -€19,150 | -24.5% |
| Furniture and vehicles | 24 | €78,119 | €58,970 | -€19,150 | -24.5% |
| Current assets | 29/58 | €38,293 | €51,564 | +€13,272 | +34.7% |
| Amounts receivable within one year | 40/41 | €27,155 | €42,504 | +€15,348 | +56.5% |
| Trade receivables | 40 | €2,985 | €4,946 | +€1,962 | +65.7% |
| Other amounts receivable | 41 | €24,170 | €37,557 | +€13,387 | +55.4% |
| Cash at bank and in hand | 54/58 | €11,138 | €8,411 | -€2,727 | -24.5% |
| Deferred charges and accrued income | 490/1 | - | €650 | +€650 | |
| Total equity and liabilities | 10/49 | €116,412 | €110,534 | -€5,878 | -5.0% |
| Equity | 10/15 | €55,468 | €23,768 | -€31,699 | -57.1% |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,016 | €3,316 | -€31,699 | -90.5% |
| Amounts payable | 17/49 | €60,944 | €86,766 | +€25,821 | +42.4% |
| Amounts payable after more than one year | 17 | €2,599 | - | -€2,599 | |
| Financial debts | 170/4 | €2,599 | - | -€2,599 | |
| Amounts payable within one year | 42/48 | €58,345 | €86,766 | +€28,420 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €7,658 | €2,599 | -€5,059 | -66.1% |
| Trade debts | 44 | - | €2,593 | +€2,593 | |
| Suppliers | 440/4 | - | €2,593 | +€2,593 | |
| Taxes, remuneration and social security | 45 | - | €2,773 | +€2,773 | |
| Taxes | 450/3 | - | €2,773 | +€2,773 | |
| Other amounts payable | 47/48 | €50,688 | €78,800 | +€28,113 | +55.5% |
| Turnover | 70 | €69,460 | - | -€69,460 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,883 | - | -€55,883 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,611 | €19,150 | +€4,539 | +31.1% |
| Other operating charges | 640/8 | €1,785 | €2,118 | +€332 | +18.6% |
| Gross operating margin | 9900 | €17,366 | -€10,557 | -€27,923 | |
| Operating profit (loss) | 9901 | €970 | -€31,824 | -€32,794 | |
| Financial income | 75/76B | - | €370 | +€370 | |
| Recurring financial income | 75 | - | €260 | +€260 | |
| Non-recurring financial income | 76B | - | €110 | +€110 | |
| Financial charges | 65/66B | €525 | €245 | -€280 | -53.3% |
| Recurring financial charges | 65 | €525 | €245 | -€280 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €445 | -€31,699 | -€32,144 | |
| Income taxes | 67/77 | €189 | - | -€189 | |
| Profit (loss) for the period | 9904 | €257 | -€31,699 | -€31,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €257 | -€31,699 | -€31,956 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.