ENNAHDA: 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.
ENNAHDA
Largest movements
- Stocks and contracts +€28,422
new in 2024: €28,422
- Receivables within one year +€13,030
up €13,030 (+766.8%), from €1,699 to €14,730
of which Trade receivables: +€9,246
- Cash +€9,572
new in 2024: €9,572
mainly Other debts (+€50,704) and Net result for the year (+€1,739)
- Tangible fixed assets +€1,086
up €1,086 (+32.4%), from €3,353 to €4,439
of which Furniture and vehicles: +€945
- Other debts +€50,704
up €50,704 (+256.1%), from €19,802 to €70,506
- Profit (loss) carried forward +€1,739
up €1,739 (+4.9%), from -€35,287 to -€33,548
- Gross operating margin +€8,256
up €8,256, from -€4,649 to €3,608
- Depreciation +€467
up €467 (+62.1%), from €753 to €1,220
- Taxes +€140
new in 2024: €140
- Financial charges +€122
new in 2024: €122
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.
Cash bridge derived
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 | €5,052 | €57,163 | +€52,110 | +1031.4% |
| Fixed assets | 21/28 | €3,353 | €4,439 | +€1,086 | +32.4% |
| Tangible fixed assets | 22/27 | €3,353 | €4,439 | +€1,086 | +32.4% |
| Plant, machinery and equipment | 23 | €3,353 | €3,494 | +€141 | +4.2% |
| Furniture and vehicles | 24 | - | €945 | +€945 | |
| Current assets | 29/58 | €1,699 | €52,724 | +€51,025 | +3002.5% |
| Stocks and contracts in progress | 3 | - | €28,422 | +€28,422 | |
| Stocks | 30/36 | - | €28,422 | +€28,422 | |
| Amounts receivable within one year | 40/41 | €1,699 | €14,730 | +€13,030 | +766.8% |
| Trade receivables | 40 | - | €9,246 | +€9,246 | |
| Other amounts receivable | 41 | €1,699 | €5,484 | +€3,785 | +222.7% |
| Cash at bank and in hand | 54/58 | - | €9,572 | +€9,572 | |
| Total equity and liabilities | 10/49 | €5,052 | €57,163 | +€52,110 | +1031.4% |
| Equity | 10/15 | -€16,687 | -€14,948 | +€1,739 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,287 | -€33,548 | +€1,739 | +4.9% |
| Amounts payable | 17/49 | €21,739 | €72,111 | +€50,372 | +231.7% |
| Amounts payable within one year | 42/48 | €21,739 | €72,111 | +€50,372 | +231.7% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €1,937 | €1,460 | -€477 | -24.6% |
| Suppliers | 440/4 | €1,937 | €1,460 | -€477 | -24.6% |
| Taxes, remuneration and social security | 45 | - | €140 | +€140 | |
| Taxes | 450/3 | - | €140 | +€140 | |
| Other amounts payable | 47/48 | €19,802 | €70,506 | +€50,704 | +256.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €753 | €1,220 | +€467 | +62.1% |
| Other operating charges | 640/8 | €399 | €387 | -€12 | -3.0% |
| Gross operating margin | 9900 | -€4,649 | €3,608 | +€8,256 | |
| Operating profit (loss) | 9901 | -€5,801 | €2,000 | +€7,801 | |
| Financial charges | 65/66B | - | €122 | +€122 | |
| Recurring financial charges | 65 | - | €122 | +€122 | |
| Profit (loss) for the period before taxes | 9903 | -€5,801 | €1,878 | +€7,679 | |
| Income taxes | 67/77 | - | €140 | +€140 | |
| Profit (loss) for the period | 9904 | -€5,801 | €1,739 | +€7,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,801 | €1,739 | +€7,539 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.