ENIANET ROAD: what changed
ENIANET ROAD
Largest movements
- Tangible fixed assets -€87,788
down €87,788 (-18.8%), from €465,721 to €377,933
of which Leasing and similar rights: -€82,068
- Cash -€17,435
down €17,435 (-79.2%), from €22,026 to €4,591
mainly Debts after one year (-€101,554) and Investment in fixed assets (net) (-€22,754)
- Receivables within one year +€12,939
up €12,939 (+6.6%), from €197,165 to €210,104
of which Trade receivables: +€12,774
- Debts after one year -€101,554
down €101,554 (-28.4%), from €357,557 to €256,002
of which Financial debts: -€101,554
- Other debts -€14,079
down €14,079 (-9.6%), from €146,940 to €132,861
- Trade debts +€13,162
up €13,162 (+55.3%), from €23,798 to €36,960
- Short-term financial debts +€9,351
up €9,351, from €0 to €9,351
- Tax, wage and social debts +€7,609
up €7,609 (+80.2%), from €9,487 to €17,096
of which Remuneration and social security: +€6,981
- Gross operating margin -€172,072
down €172,072 (-39.5%), from €435,224 to €263,152
- Depreciation -€77,194
down €77,194 (-41.1%), from €187,735 to €110,541
- Staff costs -€30,874
down €30,874 (-18.5%), from €166,678 to €135,804
- Financial charges -€14,577
down €14,577 (-52.7%), from €27,646 to €13,069
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €695,162 | €604,159 | -€91,003 | -13.1% |
| Fixed assets | 21/28 | €472,249 | €384,462 | -€87,788 | -18.6% |
| Tangible fixed assets | 22/27 | €465,721 | €377,933 | -€87,788 | -18.8% |
| Plant, machinery and equipment | 23 | €12,602 | €8,783 | -€3,819 | -30.3% |
| Furniture and vehicles | 24 | €9,360 | €7,460 | -€1,900 | -20.3% |
| Leasing and similar rights | 25 | €443,759 | €361,691 | -€82,068 | -18.5% |
| Financial fixed assets | 28 | €6,529 | €6,529 | = | 0.0% |
| Current assets | 29/58 | €222,913 | €219,697 | -€3,216 | -1.4% |
| Amounts receivable within one year | 40/41 | €197,165 | €210,104 | +€12,939 | +6.6% |
| Trade receivables | 40 | €159,444 | €172,217 | +€12,774 | +8.0% |
| Other amounts receivable | 41 | €37,721 | €37,887 | +€166 | +0.4% |
| Cash at bank and in hand | 54/58 | €22,026 | €4,591 | -€17,435 | -79.2% |
| Deferred charges and accrued income | 490/1 | €3,721 | €5,001 | +€1,280 | +34.4% |
| Total equity and liabilities | 10/49 | €695,162 | €604,159 | -€91,003 | -13.1% |
| Equity | 10/15 | €52,217 | €46,641 | -€5,576 | -10.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €20 | €226 | +€206 | +1,014% |
| Investment grants | 15 | €22,197 | €16,414 | -€5,782 | -26.1% |
| Amounts payable | 17/49 | €642,945 | €557,518 | -€85,427 | -13.3% |
| Amounts payable after more than one year | 17 | €357,557 | €256,002 | -€101,554 | -28.4% |
| Financial debts | 170/4 | €327,557 | €226,002 | -€101,554 | -31.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €281,510 | €299,859 | +€18,349 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €101,285 | €103,590 | +€2,305 | +2.3% |
| Financial debts | 43 | €0 | €9,351 | +€9,351 | |
| Credit institutions | 430/8 | €0 | €9,351 | +€9,351 | |
| Trade debts | 44 | €23,798 | €36,960 | +€13,162 | +55.3% |
| Suppliers | 440/4 | €23,798 | €36,960 | +€13,162 | +55.3% |
| Taxes, remuneration and social security | 45 | €9,487 | €17,096 | +€7,609 | +80.2% |
| Taxes | 450/3 | €537 | €1,165 | +€628 | +117% |
| Remuneration and social security | 454/9 | €8,950 | €15,931 | +€6,981 | +78.0% |
| Other amounts payable | 47/48 | €146,940 | €132,861 | -€14,079 | -9.6% |
| Accrued charges and deferred income | 492/3 | €3,879 | €1,657 | -€2,222 | -57.3% |
| Remuneration, social security and pensions | 62 | €166,678 | €135,804 | -€30,874 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,735 | €110,541 | -€77,194 | -41.1% |
| Other operating charges | 640/8 | €2,185 | €847 | -€1,337 | -61.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €435,224 | €263,152 | -€172,072 | -39.5% |
| Operating profit (loss) | 9901 | €78,626 | €15,959 | -€62,667 | -79.7% |
| Financial income | 75/76B | €10,314 | €6,272 | -€4,042 | -39.2% |
| Recurring financial income | 75 | €10,314 | €6,272 | -€4,042 | -39.2% |
| Financial charges | 65/66B | €27,646 | €13,069 | -€14,577 | -52.7% |
| Recurring financial charges | 65 | €27,646 | €13,069 | -€14,577 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €61,294 | €9,162 | -€52,132 | -85.1% |
| Income taxes | 67/77 | - | €1,456 | +€1,456 | |
| Profit (loss) for the period | 9904 | €61,294 | €7,706 | -€53,588 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,294 | €7,706 | -€53,588 | -87.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.