enew: 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.
enew
Largest movements
- Cash -€324,560
down €324,560 (-93.6%), from €346,847 to €22,287
mainly Other debts (-€250,000) and Contributions, distributions and other (-€41,176)
- Receivables within one year +€3,635
up €3,635 (+354%), from €1,027 to €4,662
of which Other amounts receivable: +€3,523
- Other debts -€250,000
down €250,000 (-100.0%), from €250,070 to €70
- Profit (loss) carried forward -€36,240
down €36,240 (-63.1%), from €57,435 to €21,195
- Tax, wage and social debts -€34,617
down €34,617 (-85.3%), from €40,600 to €5,984
- Trade debts -€4,199
down €4,199 (-91.9%), from €4,569 to €371
- Gross operating margin -€200,726
down €200,726 (-93.0%), from €215,934 to €15,208
- Taxes -€46,579
down €46,579 (-95.3%), from €48,880 to €2,300
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 | €362,300 | €41,162 | -€321,138 | -88.6% |
| Fixed assets | 21/28 | €13,839 | €13,969 | +€130 | +0.9% |
| Tangible fixed assets | 22/27 | €13,363 | €13,493 | +€130 | +1.0% |
| Furniture and vehicles | 24 | €7,597 | €9,178 | +€1,581 | +20.8% |
| Other tangible fixed assets | 26 | €5,766 | €4,314 | -€1,451 | -25.2% |
| Financial fixed assets | 28 | €476 | €476 | = | 0.0% |
| Current assets | 29/58 | €348,461 | €27,193 | -€321,268 | -92.2% |
| Amounts receivable within one year | 40/41 | €1,027 | €4,662 | +€3,635 | +354% |
| Trade receivables | 40 | €112 | €224 | +€112 | +100% |
| Other amounts receivable | 41 | €915 | €4,438 | +€3,523 | +385% |
| Cash at bank and in hand | 54/58 | €346,847 | €22,287 | -€324,560 | -93.6% |
| Deferred charges and accrued income | 490/1 | €588 | €245 | -€343 | -58.3% |
| Total equity and liabilities | 10/49 | €362,300 | €41,162 | -€321,138 | -88.6% |
| Equity | 10/15 | €65,435 | €29,195 | -€36,240 | -55.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,435 | €21,195 | -€36,240 | -63.1% |
| Amounts payable | 17/49 | €296,865 | €11,967 | -€284,898 | -96.0% |
| Amounts payable within one year | 42/48 | €296,065 | €10,567 | -€285,498 | -96.4% |
| Trade debts | 44 | €4,569 | €371 | -€4,199 | -91.9% |
| Suppliers | 440/4 | €4,569 | €371 | -€4,199 | -91.9% |
| Advances received on contracts in progress | 46 | €826 | €4,143 | +€3,317 | +402% |
| Taxes, remuneration and social security | 45 | €40,600 | €5,984 | -€34,617 | -85.3% |
| Taxes | 450/3 | €40,600 | €5,984 | -€34,617 | -85.3% |
| Other amounts payable | 47/48 | €250,070 | €70 | -€250,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €800 | €1,400 | +€600 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,863 | €5,922 | -€941 | -13.7% |
| Other operating charges | 640/8 | €3,490 | €1,490 | -€2,001 | -57.3% |
| Gross operating margin | 9900 | €215,934 | €15,208 | -€200,726 | -93.0% |
| Operating profit (loss) | 9901 | €205,580 | €7,797 | -€197,783 | -96.2% |
| Financial income | 75/76B | €76 | €42 | -€34 | -44.4% |
| Recurring financial income | 75 | €76 | €42 | -€34 | -44.4% |
| Financial charges | 65/66B | €1,328 | €602 | -€726 | -54.6% |
| Recurring financial charges | 65 | €1,328 | €602 | -€726 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €204,328 | €7,237 | -€197,092 | -96.5% |
| Income taxes | 67/77 | €48,880 | €2,300 | -€46,579 | -95.3% |
| Profit (loss) for the period | 9904 | €155,449 | €4,936 | -€150,512 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,449 | €4,936 | -€150,512 | -96.8% |
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 29 October 2026 via checked.be.