ENN: 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.
ENN
Largest movements
- Cash -€10,011
down €10,011 (-50.8%), from €19,718 to €9,707
mainly Other debts (-€18,261) and Contributions, distributions and other (-€8,468)
- Receivables within one year -€7,530
down €7,530 (-79.8%), from €9,430 to €1,901
of which Other amounts receivable: -€6,311
- Receivables after one year -€3,000
down €3,000 (-7.3%), from €41,000 to €38,000
- Intangible fixed assets +€1,163
new in 2025: €1,163
- Tangible fixed assets -€1,124
down €1,124 (-4.8%), from €23,520 to €22,396
of which Other tangible fixed assets: -€1,479
- Other debts -€18,261
down €18,261 (-20.5%), from €89,251 to €70,990
- Trade debts -€1,394
down €1,394 (-58.6%), from €2,379 to €984
- Gross operating margin -€18,689
down €18,689 (-56.5%), from €33,072 to €14,383
- Taxes +€833
up €833 (+37.3%), from €2,233 to €3,066
- Financial income +€362
up €362 (+30.2%), from €1,197 to €1,559
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 | €97,033 | €75,974 | -€21,059 | -21.7% |
| Fixed assets | 21/28 | €23,630 | €23,669 | +€40 | +0.2% |
| Intangible fixed assets | 21 | - | €1,163 | +€1,163 | |
| Tangible fixed assets | 22/27 | €23,520 | €22,396 | -€1,124 | -4.8% |
| Furniture and vehicles | 24 | €12,605 | €12,960 | +€355 | +2.8% |
| Other tangible fixed assets | 26 | €10,915 | €9,436 | -€1,479 | -13.5% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €73,403 | €52,305 | -€21,099 | -28.7% |
| Amounts receivable after more than one year | 29 | €41,000 | €38,000 | -€3,000 | -7.3% |
| Other amounts receivable | 291 | €41,000 | €38,000 | -€3,000 | -7.3% |
| Amounts receivable within one year | 40/41 | €9,430 | €1,901 | -€7,530 | -79.8% |
| Trade receivables | 40 | €1,219 | €0 | -€1,219 | -100.0% |
| Other amounts receivable | 41 | €8,211 | €1,901 | -€6,311 | -76.9% |
| Cash at bank and in hand | 54/58 | €19,718 | €9,707 | -€10,011 | -50.8% |
| Deferred charges and accrued income | 490/1 | €3,255 | €2,697 | -€558 | -17.1% |
| Total equity and liabilities | 10/49 | €97,033 | €75,974 | -€21,059 | -21.7% |
| Equity | 10/15 | €1,500 | €1,500 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,533 | €74,474 | -€21,059 | -22.0% |
| Amounts payable within one year | 42/48 | €93,033 | €71,974 | -€21,059 | -22.6% |
| Financial debts | 43 | €723 | €0 | -€723 | -100.0% |
| Credit institutions | 430/8 | €723 | €0 | -€723 | -100.0% |
| Trade debts | 44 | €2,379 | €984 | -€1,394 | -58.6% |
| Suppliers | 440/4 | €2,379 | €984 | -€1,394 | -58.6% |
| Advances received on contracts in progress | 46 | €641 | €0 | -€641 | -100.0% |
| Taxes, remuneration and social security | 45 | €40 | €0 | -€40 | -100.0% |
| Taxes | 450/3 | €40 | €0 | -€40 | -100.0% |
| Other amounts payable | 47/48 | €89,251 | €70,990 | -€18,261 | -20.5% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €3,154 | +€105 | +3.4% |
| Other operating charges | 640/8 | €919 | €942 | +€23 | +2.5% |
| Gross operating margin | 9900 | €33,072 | €14,383 | -€18,689 | -56.5% |
| Operating profit (loss) | 9901 | €29,104 | €10,286 | -€18,817 | -64.7% |
| Financial income | 75/76B | €1,197 | €1,559 | +€362 | +30.2% |
| Recurring financial income | 75 | €1,197 | €1,559 | +€362 | +30.2% |
| Financial charges | 65/66B | €223 | €311 | +€87 | +39.1% |
| Recurring financial charges | 65 | €223 | €311 | +€87 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €30,077 | €11,535 | -€18,543 | -61.7% |
| Income taxes | 67/77 | €2,233 | €3,066 | +€833 | +37.3% |
| Profit (loss) for the period | 9904 | €27,844 | €8,468 | -€19,376 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,844 | €8,468 | -€19,376 | -69.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.