ENISOL: 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.
ENISOL
Largest movements
- Cash -€37,756
down €37,756 (-57.8%), from €65,332 to €27,577
mainly Contributions, distributions and other (-€39,194) and Investment in fixed assets (net) (-€17,481)
- Tangible fixed assets +€15,130
up €15,130 (+1452.2%), from €1,042 to €16,172
of which Furniture and vehicles: +€14,214
- Receivables within one year +€10,398
up €10,398 (+85.8%), from €12,121 to €22,519
of which Trade receivables: +€9,332
- Deferred charges and accrued income -€2,387
down €2,387 (-90.2%), from €2,645 to €259
- Reserves -€14,860
down €14,860 (-11.7%), from €127,417 to €112,557
of which Distributable reserves: -€14,860
- Other debts -€4,000
no longer reported in 2025 (was €4,000)
- Tax, wage and social debts +€3,711
up €3,711 (+52.5%), from €7,075 to €10,786
of which Remuneration and social security: +€2,044
- Financial income -€73,919
down €73,919 (-93.1%), from €79,385 to €5,465
of which Non-recurring financial income: -€72,893
- Gross operating margin +€35,610
up €35,610, from -€1,498 to €34,111
- Taxes -€4,575
down €4,575 (-26.9%), from €17,022 to €12,447
- Depreciation +€863
up €863 (+72.6%), from €1,189 to €2,052
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 | €158,103 | €144,085 | -€14,018 | -8.9% |
| Fixed assets | 21/28 | €1,042 | €16,472 | +€15,430 | +1481.0% |
| Tangible fixed assets | 22/27 | €1,042 | €16,172 | +€15,130 | +1452.2% |
| Plant, machinery and equipment | 23 | €96 | - | -€96 | |
| Furniture and vehicles | 24 | €945 | €15,160 | +€14,214 | +1503.5% |
| Assets under construction and advance payments | 27 | - | €1,012 | +€1,012 | |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €157,061 | €127,613 | -€29,448 | -18.7% |
| Amounts receivable within one year | 40/41 | €12,121 | €22,519 | +€10,398 | +85.8% |
| Trade receivables | 40 | €11,882 | €21,215 | +€9,332 | +78.5% |
| Other amounts receivable | 41 | €238 | €1,304 | +€1,066 | +447.1% |
| Current investments | 50/53 | €76,963 | €77,259 | +€296 | +0.4% |
| Cash at bank and in hand | 54/58 | €65,332 | €27,577 | -€37,756 | -57.8% |
| Deferred charges and accrued income | 490/1 | €2,645 | €259 | -€2,387 | -90.2% |
| Total equity and liabilities | 10/49 | €158,103 | €144,085 | -€14,018 | -8.9% |
| Equity | 10/15 | €146,017 | €131,157 | -€14,860 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,417 | €112,557 | -€14,860 | -11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,557 | €110,697 | -€14,860 | -11.8% |
| Amounts payable | 17/49 | €12,087 | €12,928 | +€842 | +7.0% |
| Amounts payable within one year | 42/48 | €11,962 | €12,928 | +€966 | +8.1% |
| Trade debts | 44 | €887 | €2,142 | +€1,255 | +141.5% |
| Suppliers | 440/4 | €887 | €2,142 | +€1,255 | +141.5% |
| Taxes, remuneration and social security | 45 | €7,075 | €10,786 | +€3,711 | +52.5% |
| Taxes | 450/3 | €7,075 | €8,742 | +€1,667 | +23.6% |
| Remuneration and social security | 454/9 | - | €2,044 | +€2,044 | |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Accrued charges and deferred income | 492/3 | €125 | - | -€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,189 | €2,052 | +€863 | +72.6% |
| Other operating charges | 640/8 | €879 | €573 | -€306 | -34.8% |
| Gross operating margin | 9900 | -€1,498 | €34,111 | +€35,610 | |
| Operating profit (loss) | 9901 | -€3,566 | €31,486 | +€35,053 | |
| Financial income | 75/76B | €79,385 | €5,465 | -€73,919 | -93.1% |
| Recurring financial income | 75 | €1,631 | €604 | -€1,027 | -63.0% |
| Non-recurring financial income | 76B | €77,754 | €4,861 | -€72,893 | -93.7% |
| Financial charges | 65/66B | €234 | €171 | -€63 | -27.1% |
| Recurring financial charges | 65 | €234 | €171 | -€63 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €75,584 | €36,781 | -€38,804 | -51.3% |
| Income taxes | 67/77 | €17,022 | €12,447 | -€4,575 | -26.9% |
| Profit (loss) for the period | 9904 | €58,562 | €24,334 | -€34,228 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,562 | €24,334 | -€34,228 | -58.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.