ENKA BOUW: 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.
ENKA BOUW
Largest movements
- Receivables within one year -€34,473
down €34,473 (-7.9%), from €438,674 to €404,201
of which Trade receivables: -€33,619
- Tangible fixed assets -€31,926
down €31,926 (-29.6%), from €107,729 to €75,804
of which Leasing and similar rights: -€19,300
- Tax, wage and social debts -€41,855
down €41,855 (-45.4%), from €92,179 to €50,324
of which Taxes: -€62,278
- Trade debts -€35,556
down €35,556 (-9.0%), from €395,443 to €359,887
- Reserves +€25,103
up €25,103 (+8.8%), from €285,827 to €310,930
of which Distributable reserves: +€25,103
- Other debts +€20,083
up €20,083 (+60.4%), from €33,241 to €53,323
- Debts after one year -€16,076
down €16,076 (-26.7%), from €60,114 to €44,038
- Staff costs +€256,572
up €256,572 (+22,270%), from €1,152 to €257,724
- Gross operating margin +€235,806
up €235,806 (+141%), from €166,890 to €402,696
- Other operating charges -€18,420
down €18,420 (-63.2%), from €29,143 to €10,723
- Taxes -€15,986
down €15,986 (-35.3%), from €45,337 to €29,351
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 | €935,543 | €876,270 | -€59,272 | -6.3% |
| Fixed assets | 21/28 | €132,358 | €99,752 | -€32,606 | -24.6% |
| Intangible fixed assets | 21 | €1,729 | €1,048 | -€680 | -39.4% |
| Tangible fixed assets | 22/27 | €107,729 | €75,804 | -€31,926 | -29.6% |
| Plant, machinery and equipment | 23 | €17,892 | €10,093 | -€7,799 | -43.6% |
| Furniture and vehicles | 24 | €9,994 | €5,167 | -€4,827 | -48.3% |
| Leasing and similar rights | 25 | €79,844 | €60,544 | -€19,300 | -24.2% |
| Financial fixed assets | 28 | €22,900 | €22,900 | = | 0.0% |
| Current assets | 29/58 | €803,185 | €776,519 | -€26,666 | -3.3% |
| Amounts receivable after more than one year | 29 | €161,592 | €164,016 | +€2,424 | +1.5% |
| Other amounts receivable | 291 | €161,592 | €164,016 | +€2,424 | +1.5% |
| Stocks and contracts in progress | 3 | €190,886 | €190,886 | = | 0.0% |
| Stocks | 30/36 | €190,886 | €190,886 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €438,674 | €404,201 | -€34,473 | -7.9% |
| Trade receivables | 40 | €407,575 | €373,956 | -€33,619 | -8.2% |
| Other amounts receivable | 41 | €31,099 | €30,245 | -€854 | -2.7% |
| Cash at bank and in hand | 54/58 | €1,297 | €1,247 | -€50 | -3.8% |
| Deferred charges and accrued income | 490/1 | €10,735 | €16,168 | +€5,433 | +50.6% |
| Total equity and liabilities | 10/49 | €935,543 | €876,270 | -€59,272 | -6.3% |
| Equity | 10/15 | €304,419 | €329,522 | +€25,103 | +8.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €285,827 | €310,930 | +€25,103 | +8.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €285,827 | €310,930 | +€25,103 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €631,123 | €546,748 | -€84,375 | -13.4% |
| Amounts payable after more than one year | 17 | €60,114 | €44,038 | -€16,076 | -26.7% |
| Financial debts | 170/4 | €60,114 | €44,038 | -€16,076 | -26.7% |
| Amounts payable within one year | 42/48 | €570,777 | €502,710 | -€68,067 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €15,002 | €16,076 | +€1,074 | +7.2% |
| Trade debts | 44 | €395,443 | €359,887 | -€35,556 | -9.0% |
| Suppliers | 440/4 | €395,443 | €359,887 | -€35,556 | -9.0% |
| Advances received on contracts in progress | 46 | €34,912 | €23,100 | -€11,812 | -33.8% |
| Taxes, remuneration and social security | 45 | €92,179 | €50,324 | -€41,855 | -45.4% |
| Taxes | 450/3 | €92,179 | €29,900 | -€62,278 | -67.6% |
| Remuneration and social security | 454/9 | - | €20,424 | +€20,424 | |
| Other amounts payable | 47/48 | €33,241 | €53,323 | +€20,083 | +60.4% |
| Accrued charges and deferred income | 492/3 | €232 | €0 | -€232 | -100% |
| Non-recurring operating income | 76A | €2,107 | €0 | -€2,107 | -100% |
| Remuneration, social security and pensions | 62 | €1,152 | €257,724 | +€256,572 | +22,270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,116 | €36,476 | +€3,360 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €29,143 | €10,723 | -€18,420 | -63.2% |
| Gross operating margin | 9900 | €166,890 | €402,696 | +€235,806 | +141% |
| Operating profit (loss) | 9901 | €103,479 | €97,773 | -€5,707 | -5.5% |
| Financial income | 75/76B | €2,392 | €4,048 | +€1,656 | +69.2% |
| Recurring financial income | 75 | €2,392 | €4,048 | +€1,656 | +69.2% |
| Financial charges | 65/66B | €27,122 | €29,383 | +€2,262 | +8.3% |
| Recurring financial charges | 65 | €27,122 | €29,383 | +€2,262 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €78,750 | €72,437 | -€6,313 | -8.0% |
| Income taxes | 67/77 | €45,337 | €29,351 | -€15,986 | -35.3% |
| Profit (loss) for the period | 9904 | €33,413 | €43,086 | +€9,674 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,413 | €43,086 | +€9,674 | +29.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.