ENESTA: 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.
ENESTA
Largest movements
- Cash -€72,131
down €72,131 (-80.9%), from €89,180 to €17,049
mainly Receivables within one year (-€45,732) and Contributions, distributions and other (-€22,000)
- Receivables within one year +€45,732
up €45,732 (+36.9%), from €123,851 to €169,583
of which Trade receivables: +€46,337
- Trade debts -€19,307
down €19,307 (-24.0%), from €80,613 to €61,306
- Other debts -€16,459
down €16,459 (-23.5%), from €70,000 to €53,541
- Tax, wage and social debts +€14,485
up €14,485 (+60.1%), from €24,112 to €38,597
- Advances received -€2,468
down €2,468 (-85.6%), from €2,884 to €415
- Gross operating margin -€21,214
down €21,214 (-36.0%), from €59,008 to €37,794
- Taxes -€4,467
down €4,467 (-37.9%), from €11,796 to €7,329
- Other operating charges +€1,349
up €1,349 (+64.7%), from €2,084 to €3,434
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 | €227,729 | €204,508 | -€23,220 | -10.2% |
| Fixed assets | 21/28 | €3,061 | €4,700 | +€1,639 | +53.5% |
| Tangible fixed assets | 22/27 | €2,002 | €3,641 | +€1,639 | +81.9% |
| Plant, machinery and equipment | 23 | €133 | - | -€133 | |
| Furniture and vehicles | 24 | €1,869 | €3,641 | +€1,772 | +94.8% |
| Financial fixed assets | 28 | €1,059 | €1,059 | = | 0.0% |
| Current assets | 29/58 | €224,668 | €199,808 | -€24,859 | -11.1% |
| Amounts receivable within one year | 40/41 | €123,851 | €169,583 | +€45,732 | +36.9% |
| Trade receivables | 40 | €123,246 | €169,583 | +€46,337 | +37.6% |
| Other amounts receivable | 41 | €605 | - | -€605 | |
| Cash at bank and in hand | 54/58 | €89,180 | €17,049 | -€72,131 | -80.9% |
| Deferred charges and accrued income | 490/1 | €11,637 | €13,177 | +€1,540 | +13.2% |
| Total equity and liabilities | 10/49 | €227,729 | €204,508 | -€23,220 | -10.2% |
| Equity | 10/15 | €48,786 | €49,449 | +€663 | +1.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €29,157 | €29,157 | = | 0.0% |
| Distributable reserves | 133 | €29,157 | €29,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,569 | €12,232 | +€663 | +5.7% |
| Amounts payable | 17/49 | €178,942 | €155,059 | -€23,883 | -13.3% |
| Amounts payable within one year | 42/48 | €177,609 | €153,859 | -€23,750 | -13.4% |
| Trade debts | 44 | €80,613 | €61,306 | -€19,307 | -24.0% |
| Suppliers | 440/4 | €80,613 | €61,306 | -€19,307 | -24.0% |
| Advances received on contracts in progress | 46 | €2,884 | €415 | -€2,468 | -85.6% |
| Taxes, remuneration and social security | 45 | €24,112 | €38,597 | +€14,485 | +60.1% |
| Taxes | 450/3 | €24,112 | €38,597 | +€14,485 | +60.1% |
| Other amounts payable | 47/48 | €70,000 | €53,541 | -€16,459 | -23.5% |
| Accrued charges and deferred income | 492/3 | €1,334 | €1,200 | -€134 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,948 | €2,134 | +€186 | +9.5% |
| Other operating charges | 640/8 | €2,084 | €3,434 | +€1,349 | +64.7% |
| Gross operating margin | 9900 | €59,008 | €37,794 | -€21,214 | -36.0% |
| Operating profit (loss) | 9901 | €54,976 | €32,227 | -€22,749 | -41.4% |
| Financial income | 75/76B | €87 | €168 | +€81 | +93.4% |
| Recurring financial income | 75 | €87 | €168 | +€81 | +93.4% |
| Financial charges | 65/66B | €2,945 | €2,403 | -€543 | -18.4% |
| Recurring financial charges | 65 | €2,945 | €2,403 | -€543 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €52,118 | €29,993 | -€22,125 | -42.5% |
| Income taxes | 67/77 | €11,796 | €7,329 | -€4,467 | -37.9% |
| Profit (loss) for the period | 9904 | €40,322 | €22,663 | -€17,658 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,322 | €22,663 | -€17,658 | -43.8% |
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 10 October 2026 via checked.be.