ENETEN: 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.
ENETEN
Largest movements
- Tangible fixed assets -€26,392
down €26,392 (-2.6%), from €999,879 to €973,487
of which Land and buildings: -€18,924
- Receivables within one year +€12,658
up €12,658 (+19.1%), from €66,261 to €78,918
of which Trade receivables: +€12,676
- Debts after one year -€50,000
down €50,000 (-8.7%), from €572,666 to €522,666
of which Financial debts: -€50,000
- Profit (loss) carried forward +€38,842
up €38,842 (+20.2%), from -€192,651 to -€153,809
- Gross operating margin +€4,704
up €4,704 (+4.2%), from €110,771 to €115,475
- Depreciation -€1,618
down €1,618 (-2.7%), from €59,510 to €57,892
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 | €1,163,374 | €1,158,087 | -€5,287 | -0.5% |
| Fixed assets | 21/28 | €999,879 | €973,487 | -€26,392 | -2.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €999,879 | €973,487 | -€26,392 | -2.6% |
| Land and buildings | 22 | €975,078 | €956,154 | -€18,924 | -1.9% |
| Plant, machinery and equipment | 23 | €13,188 | €9,943 | -€3,245 | -24.6% |
| Furniture and vehicles | 24 | €11,613 | €7,390 | -€4,223 | -36.4% |
| Current assets | 29/58 | €163,495 | €184,601 | +€21,106 | +12.9% |
| Amounts receivable within one year | 40/41 | €66,261 | €78,918 | +€12,658 | +19.1% |
| Trade receivables | 40 | €66,171 | €78,847 | +€12,676 | +19.2% |
| Other amounts receivable | 41 | €90 | €71 | -€19 | -20.8% |
| Cash at bank and in hand | 54/58 | €95,552 | €104,021 | +€8,469 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,662 | -€21 | -1.2% |
| Total equity and liabilities | 10/49 | €1,163,374 | €1,158,087 | -€5,287 | -0.5% |
| Equity | 10/15 | -€61,551 | -€22,709 | +€38,842 | +63.1% |
| Contributions | 10/11 | €131,100 | €131,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,651 | -€153,809 | +€38,842 | +20.2% |
| Amounts payable | 17/49 | €1,224,925 | €1,180,797 | -€44,128 | -3.6% |
| Amounts payable after more than one year | 17 | €572,666 | €522,666 | -€50,000 | -8.7% |
| Financial debts | 170/4 | €441,666 | €391,666 | -€50,000 | -11.3% |
| Other amounts payable | 178/9 | €131,000 | €131,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €652,259 | €658,130 | +€5,872 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €1,935 | €981 | -€954 | -49.3% |
| Suppliers | 440/4 | €1,935 | €981 | -€954 | -49.3% |
| Taxes, remuneration and social security | 45 | €2,449 | €2,991 | +€542 | +22.1% |
| Taxes | 450/3 | €2,449 | €2,991 | +€542 | +22.1% |
| Other amounts payable | 47/48 | €597,875 | €604,158 | +€6,283 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,510 | €57,892 | -€1,618 | -2.7% |
| Other operating charges | 640/8 | €4,205 | €4,337 | +€131 | +3.1% |
| Gross operating margin | 9900 | €110,771 | €115,475 | +€4,704 | +4.2% |
| Operating profit (loss) | 9901 | €47,056 | €53,246 | +€6,190 | +13.2% |
| Financial income | 75/76B | €1 | €268 | +€267 | +26,203% |
| Recurring financial income | 75 | €1 | €268 | +€267 | +26,203% |
| Financial charges | 65/66B | €13,881 | €14,527 | +€646 | +4.7% |
| Recurring financial charges | 65 | €13,881 | €14,527 | +€646 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €33,176 | €38,987 | +€5,811 | +17.5% |
| Income taxes | 67/77 | €144 | €146 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €33,032 | €38,842 | +€5,810 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,032 | €38,842 | +€5,810 | +17.6% |
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 31 October 2026 via checked.be.