ENEX Group: 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.
ENEX Group
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+70.6%), from €2.5m to €4.3m
of which Other amounts receivable: +€1.8m
- Tangible fixed assets -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Cash +€188,705
up €188,705 (+1,103%), from €17,104 to €205,809
mainly Investment in fixed assets (net) (+€1.6m) and Net result for the year (+€352,592)
- Profit (loss) carried forward +€352,592
up €352,592 (+70.2%), from -€502,216 to -€149,624
- Debts after one year +€47,350
up €47,350 (+1.1%), from €4.5m to €4.5m
- Gross operating margin +€522,739
up €522,739, from -€101,108 to €421,631
- Depreciation -€269,543
down €269,543 (-100%), from €269,543 to €0
- Financial charges -€8,488
down €8,488 (-11.1%), from €76,295 to €67,807
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,191,782 | €4,597,393 | +€405,610 | +9.7% |
| Fixed assets | 21/28 | €1,610,951 | €45,743 | -€1.6m | -97.2% |
| Tangible fixed assets | 22/27 | €1,565,208 | €0 | -€1.6m | -100% |
| Furniture and vehicles | 24 | €1,565,208 | €0 | -€1.6m | -100% |
| Financial fixed assets | 28 | €45,743 | €45,743 | = | 0.0% |
| Current assets | 29/58 | €2,580,831 | €4,551,649 | +€2.0m | +76.4% |
| Amounts receivable within one year | 40/41 | €2,547,886 | €4,345,567 | +€1.8m | +70.6% |
| Trade receivables | 40 | €29,996 | €29,996 | = | 0.0% |
| Other amounts receivable | 41 | €2,517,890 | €4,315,571 | +€1.8m | +71.4% |
| Cash at bank and in hand | 54/58 | €17,104 | €205,809 | +€188,705 | +1,103% |
| Deferred charges and accrued income | 490/1 | €15,840 | €273 | -€15,567 | -98.3% |
| Total equity and liabilities | 10/49 | €4,191,782 | €4,597,393 | +€405,610 | +9.7% |
| Equity | 10/15 | -€327,526 | €25,065 | +€352,592 | |
| Contributions | 10/11 | €158,809 | €158,809 | = | 0.0% |
| Capital | 10 | €158,809 | €158,809 | = | 0.0% |
| Issued capital | 100 | €158,809 | €158,809 | = | 0.0% |
| Reserves | 13 | €15,881 | €15,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,881 | €15,881 | = | 0.0% |
| Legal reserve | 130 | €15,881 | €15,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,216 | -€149,624 | +€352,592 | +70.2% |
| Amounts payable | 17/49 | €4,519,308 | €4,572,327 | +€53,019 | +1.2% |
| Amounts payable after more than one year | 17 | €4,497,160 | €4,544,509 | +€47,350 | +1.1% |
| Financial debts | 170/4 | €4,497,160 | €4,544,509 | +€47,350 | +1.1% |
| Amounts payable within one year | 42/48 | €22,149 | €27,818 | +€5,669 | +25.6% |
| Trade debts | 44 | €2,122 | €7,525 | +€5,404 | +255% |
| Suppliers | 440/4 | €2,122 | €7,525 | +€5,404 | +255% |
| Taxes, remuneration and social security | 45 | €20,027 | €20,293 | +€266 | +1.3% |
| Taxes | 450/3 | €20,027 | €20,293 | +€266 | +1.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €77,568 | €601,802 | +€524,234 | +676% |
| Remuneration, social security and pensions | 62 | €3,115 | €0 | -€3,115 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,543 | €0 | -€269,543 | -100% |
| Other operating charges | 640/8 | €2,924 | €1,233 | -€1,692 | -57.8% |
| Non-recurring operating charges | 66A | €130,496 | €0 | -€130,496 | -100% |
| Gross operating margin | 9900 | -€101,108 | €421,631 | +€522,739 | |
| Operating profit (loss) | 9901 | -€507,186 | €420,398 | +€927,584 | |
| Financial income | 75/76B | €3,216 | €0 | -€3,216 | -100% |
| Recurring financial income | 75 | €3,216 | €0 | -€3,216 | -100% |
| Financial charges | 65/66B | €76,295 | €67,807 | -€8,488 | -11.1% |
| Recurring financial charges | 65 | €76,295 | €67,807 | -€8,488 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€580,264 | €352,592 | +€932,856 | |
| Profit (loss) for the period | 9904 | -€580,264 | €352,592 | +€932,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€580,264 | €352,592 | +€932,856 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.