ENL Invest: what changed
What changed
ENL Invest
filed annual accounts (NBB)
Net result for the year
€1,651
2024 · -€8,438+€10,089
Equity
€3,213
2024 · €1,562+€1,651
Cash
€61,078
2024 · €35,260+€25,818
Balance sheet total
€2.9m
2024 · €966,886+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.8m
new in 2025: €1.8m
- Receivables within one year +€52,250
up €52,250 (+1,932%), from €2,705 to €54,955
of which Other amounts receivable: +€52,808
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+196%), from €964,649 to €2.9m
Income statement
- Gross operating margin +€10,357
up €10,357 (+62.3%), from €16,613 to €26,970
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.
Result 2024
-€8,438
Gross operating margin
+€10,357
Other operating charges
-€254
Financial charges
-€14
Result 2025
€1,651
raises the resultlowers the result
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.
From operations
-€27,520
Investment
-€1.8m
Financing
+€1.9m
Cash 2024
€35,260
From operations (derived)
-€27,520
Net result for the year
+€1,651
Depreciation
+€23,079
Receivables within one year
-€52,250
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€1.9m
Debts after one year
+€1.9m
Cash 2025
€61,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €966,886 | €2,860,791 | +€1.9m | +196% |
| Fixed assets | 21/28 | €928,921 | €2,744,758 | +€1.8m | +195% |
| Tangible fixed assets | 22/27 | €928,921 | €905,842 | -€23,079 | -2.5% |
| Land and buildings | 22 | €928,921 | €905,842 | -€23,079 | -2.5% |
| Financial fixed assets | 28 | - | €1,838,916 | +€1.8m | |
| Current assets | 29/58 | €37,965 | €116,033 | +€78,068 | +206% |
| Amounts receivable within one year | 40/41 | €2,705 | €54,955 | +€52,250 | +1,932% |
| Trade receivables | 40 | €558 | - | -€558 | |
| Other amounts receivable | 41 | €2,147 | €54,955 | +€52,808 | +2,460% |
| Cash at bank and in hand | 54/58 | €35,260 | €61,078 | +€25,818 | +73.2% |
| Total equity and liabilities | 10/49 | €966,886 | €2,860,791 | +€1.9m | +196% |
| Equity | 10/15 | €1,562 | €3,213 | +€1,651 | +106% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,438 | -€6,787 | +€1,651 | +19.6% |
| Amounts payable | 17/49 | €965,324 | €2,857,578 | +€1.9m | +196% |
| Amounts payable after more than one year | 17 | €964,649 | €2,856,903 | +€1.9m | +196% |
| Other amounts payable | 178/9 | €964,649 | €2,856,903 | +€1.9m | +196% |
| Accrued charges and deferred income | 492/3 | €675 | €675 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,079 | €23,079 | = | 0.0% |
| Other operating charges | 640/8 | €1,938 | €2,192 | +€254 | +13.1% |
| Gross operating margin | 9900 | €16,613 | €26,970 | +€10,357 | +62.3% |
| Operating profit (loss) | 9901 | -€8,404 | €1,699 | +€10,103 | |
| Financial charges | 65/66B | €34 | €48 | +€14 | +41.2% |
| Recurring financial charges | 65 | €34 | €48 | +€14 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,438 | €1,651 | +€10,089 | |
| Profit (loss) for the period | 9904 | -€8,438 | €1,651 | +€10,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,438 | €1,651 | +€10,089 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.