ENKY: 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.
ENKY
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+141%), from €1.0m to €2.4m
of which Trade receivables: +€1.4m
- Receivables after one year +€517,042
new in 2024: €517,042
- Cash -€397,501
down €397,501 (-57.3%), from €693,366 to €295,865
mainly Receivables within one year (-€1.4m) and Receivables after one year (-€517,042)
- Stocks and contracts +€195,529
up €195,529 (+17.6%), from €1.1m to €1.3m
of which Contracts in progress: +€132,784
- Intangible fixed assets +€95,851
new in 2024: €95,851
- Debts after one year +€1.0m
up €1.0m (+76.1%), from €1.4m to €2.4m
of which Financial debts: +€1.0m
- Trade debts +€538,849
up €538,849 (+63.7%), from €845,801 to €1.4m
of which Suppliers: +€531,557
- Current portion of long-term debt +€164,368
up €164,368 (+193%), from €85,146 to €249,513
- Tax, wage and social debts +€92,084
up €92,084 (+39.4%), from €233,932 to €326,016
of which Remuneration and social security: +€56,245
- Profit (loss) carried forward +€48,096
up €48,096 (+29.4%), from -€163,577 to -€115,482
- Turnover -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Gross operating margin +€219,293
up €219,293 (+237%), from €92,437 to €311,730
- Staff costs +€127,338
up €127,338 (+2,921%), from €4,360 to €131,698
- Financial charges +€87,926
up €87,926 (+264%), from €33,254 to €121,180
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 | €2,810,616 | €4,708,669 | +€1.9m | +67.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,564 | €174,048 | +€169,485 | +3,714% |
| Intangible fixed assets | 21 | - | €95,851 | +€95,851 | |
| Tangible fixed assets | 22/27 | €4,564 | €3,035 | -€1,529 | -33.5% |
| Furniture and vehicles | 24 | €4,564 | €3,035 | -€1,529 | -33.5% |
| Financial fixed assets | 28 | - | €75,162 | +€75,162 | |
| Current assets | 29/58 | €2,806,053 | €4,534,621 | +€1.7m | +61.6% |
| Amounts receivable after more than one year | 29 | - | €517,042 | +€517,042 | |
| Other amounts receivable | 291 | - | €517,042 | +€517,042 | |
| Stocks and contracts in progress | 3 | €1,111,965 | €1,307,495 | +€195,529 | +17.6% |
| Stocks | 30/36 | €922,450 | €985,196 | +€62,745 | +6.8% |
| Contracts in progress | 37 | €189,515 | €322,299 | +€132,784 | +70.1% |
| Amounts receivable within one year | 40/41 | €1,000,721 | €2,414,119 | +€1.4m | +141% |
| Trade receivables | 40 | €968,359 | €2,324,303 | +€1.4m | +140% |
| Other amounts receivable | 41 | €32,362 | €89,816 | +€57,454 | +178% |
| Cash at bank and in hand | 54/58 | €693,366 | €295,865 | -€397,501 | -57.3% |
| Deferred charges and accrued income | 490/1 | €0 | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €2,810,616 | €4,708,669 | +€1.9m | +67.5% |
| Equity | 10/15 | €245,123 | €293,218 | +€48,096 | +19.6% |
| Contributions | 10/11 | €408,700 | €408,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,577 | -€115,482 | +€48,096 | +29.4% |
| Amounts payable | 17/49 | €2,565,493 | €4,415,451 | +€1.8m | +72.1% |
| Amounts payable after more than one year | 17 | €1,378,958 | €2,428,094 | +€1.0m | +76.1% |
| Financial debts | 170/4 | €1,378,958 | €2,395,769 | +€1.0m | +73.7% |
| Other amounts payable | 178/9 | - | €32,325 | +€32,325 | |
| Amounts payable within one year | 42/48 | €1,186,535 | €1,987,356 | +€800,821 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €85,146 | €249,513 | +€164,368 | +193% |
| Trade debts | 44 | €845,801 | €1,384,650 | +€538,849 | +63.7% |
| Suppliers | 440/4 | €845,801 | €1,377,358 | +€531,557 | +62.8% |
| Bills of exchange payable | 441 | - | €7,292 | +€7,292 | |
| Taxes, remuneration and social security | 45 | €233,932 | €326,016 | +€92,084 | +39.4% |
| Taxes | 450/3 | €199,800 | €235,639 | +€35,839 | +17.9% |
| Remuneration and social security | 454/9 | €34,133 | €90,377 | +€56,245 | +165% |
| Other amounts payable | 47/48 | €21,657 | €27,178 | +€5,521 | +25.5% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Turnover | 70 | €1,145,397 | €0 | -€1.1m | -100% |
| Non-recurring operating income | 76A | €288 | €0 | -€288 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €4,360 | €131,698 | +€127,338 | +2,921% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €10,228 | +€8,699 | +569% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,599 | +€2,599 | |
| Other operating charges | 640/8 | - | €797 | +€797 | |
| Gross operating margin | 9900 | €92,437 | €311,730 | +€219,293 | +237% |
| Operating profit (loss) | 9901 | €86,548 | €166,408 | +€79,860 | +92.3% |
| Financial income | 75/76B | €17 | €881 | +€864 | +5,054% |
| Recurring financial income | 75 | €17 | €881 | +€864 | +5,054% |
| Financial charges | 65/66B | €33,254 | €121,180 | +€87,926 | +264% |
| Recurring financial charges | 65 | €33,254 | €121,180 | +€87,926 | +264% |
| Profit (loss) for the period before taxes | 9903 | €53,311 | €46,110 | -€7,201 | -13.5% |
| Profit (loss) for the period | 9904 | €53,311 | €46,110 | -€7,201 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,311 | €46,110 | -€7,201 | -13.5% |
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 19 October 2026 via checked.be.