ENEXAGO: 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.
ENEXAGO
Largest movements
- Receivables within one year -€47,298
down €47,298 (-16.1%), from €292,929 to €245,631
of which Other amounts receivable: -€39,614
- Debts after one year -€43,702
down €43,702 (-38.8%), from €112,540 to €68,837
- Other debts -€31,928
down €31,928 (-43.1%), from €74,077 to €42,149
- Trade debts +€10,871
up €10,871 (+32.7%), from €33,219 to €44,090
- Tax, wage and social debts +€4,983
up €4,983 (+35.6%), from €13,981 to €18,964
- Other operating charges +€23,941
up €23,941 (+293.1%), from €8,169 to €32,110
- Gross operating margin +€12,175
up €12,175 (+23.5%), from €51,756 to €63,931
- Taxes -€10,146
down €10,146 (-90.0%), from €11,274 to €1,128
- Write-downs -€4,984
new in 2025: -€4,984
- Financial charges -€1,219
down €1,219 (-18.0%), from €6,770 to €5,551
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 | €444,287 | €390,840 | -€53,447 | -12.0% |
| Fixed assets | 21/28 | €133,615 | €129,285 | -€4,329 | -3.2% |
| Tangible fixed assets | 22/27 | €133,615 | €129,285 | -€4,329 | -3.2% |
| Land and buildings | 22 | €133,615 | €129,285 | -€4,329 | -3.2% |
| Current assets | 29/58 | €310,673 | €261,555 | -€49,118 | -15.8% |
| Amounts receivable within one year | 40/41 | €292,929 | €245,631 | -€47,298 | -16.1% |
| Trade receivables | 40 | €30,124 | €22,439 | -€7,685 | -25.5% |
| Other amounts receivable | 41 | €262,806 | €223,192 | -€39,614 | -15.1% |
| Cash at bank and in hand | 54/58 | €14,901 | €15,924 | +€1,023 | +6.9% |
| Deferred charges and accrued income | 490/1 | €2,843 | €0 | -€2,843 | -100.0% |
| Total equity and liabilities | 10/49 | €444,287 | €390,840 | -€53,447 | -12.0% |
| Equity | 10/15 | €138,351 | €142,433 | +€4,083 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €118,351 | €122,433 | +€4,083 | +3.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,712 | €2,712 | = | 0.0% |
| Distributable reserves | 133 | €113,639 | €117,722 | +€4,083 | +3.6% |
| Amounts payable | 17/49 | €305,937 | €248,407 | -€57,530 | -18.8% |
| Amounts payable after more than one year | 17 | €112,540 | €68,837 | -€43,702 | -38.8% |
| Financial debts | 170/4 | €112,540 | €68,837 | -€43,702 | -38.8% |
| Amounts payable within one year | 42/48 | €193,142 | €178,906 | -€14,236 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €41,865 | €43,702 | +€1,837 | +4.4% |
| Trade debts | 44 | €33,219 | €44,090 | +€10,871 | +32.7% |
| Suppliers | 440/4 | €33,219 | €44,090 | +€10,871 | +32.7% |
| Advances received on contracts in progress | 46 | €30,000 | €30,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,981 | €18,964 | +€4,983 | +35.6% |
| Taxes | 450/3 | €13,981 | €18,964 | +€4,983 | +35.6% |
| Other amounts payable | 47/48 | €74,077 | €42,149 | -€31,928 | -43.1% |
| Accrued charges and deferred income | 492/3 | €255 | €664 | +€409 | +160.2% |
| Non-recurring operating income | 76A | €284 | €0 | -€284 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,914 | €26,102 | +€1,187 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,984 | -€4,984 | |
| Other operating charges | 640/8 | €8,169 | €32,110 | +€23,941 | +293.1% |
| Gross operating margin | 9900 | €51,756 | €63,931 | +€12,175 | +23.5% |
| Operating profit (loss) | 9901 | €18,672 | €10,702 | -€7,970 | -42.7% |
| Financial income | 75/76B | €48 | €60 | +€12 | +25.5% |
| Recurring financial income | 75 | €48 | €60 | +€12 | +25.5% |
| Financial charges | 65/66B | €6,770 | €5,551 | -€1,219 | -18.0% |
| Recurring financial charges | 65 | €6,770 | €5,551 | -€1,219 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €11,950 | €5,211 | -€6,739 | -56.4% |
| Income taxes | 67/77 | €11,274 | €1,128 | -€10,146 | -90.0% |
| Profit (loss) for the period | 9904 | €676 | €4,083 | +€3,407 | +503.9% |
| Profit (loss) for the period to be appropriated | 9905 | €676 | €4,083 | +€3,407 | +503.9% |
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 5 October 2026 via checked.be.