ENNEM: 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.
What changed
ENNEM
NACE 79.110, Travel agency activities
financial year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€76,090
2025 · €42,868+€33,222
Equity
€721,990
2025 · €724,668-€2,678
Cash
€602,697
2025 · €624,040-€21,343
Balance sheet total
€3.0m
2025 · €2.7m+€306,828
Largest movements
Assets
- Receivables within one year +€337,977
up €337,977 (+16.4%), from €2.1m to €2.4m
of which Trade receivables: +€347,048
Equity and liabilities
- Advances received +€188,771
up €188,771 (+9.9%), from €1.9m to €2.1m
- Other debts +€101,049
up €101,049 (+509.2%), from €19,846 to €120,895
Income statement
- Gross operating margin +€38,860
up €38,860 (+27.5%), from €141,062 to €179,922
- Taxes +€15,243
up €15,243 (+86.5%), from €17,629 to €32,872
- Staff costs -€11,726
down €11,726 (-17.7%), from €66,388 to €54,662
- Financial income -€2,677
down €2,677 (-75.3%), from €3,556 to €879
From the 2025 result to the 2026 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.
Result 2025
€42,868
Gross operating margin
+€38,860
Staff costs
+€11,726
Depreciation
-€228
Other operating charges
+€523
Financial income
-€2,677
Financial charges
+€262
Taxes
-€15,243
Result 2026
€76,090
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€68,340
Investment
-€1,578
Financing
-€88,105
Cash 2025
€624,040
From operations (derived)
+€68,340
Net result for the year
+€76,090
Depreciation
+€11,385
Receivables within one year
-€337,977
Trade debts
+€2,648
Tax, wage and social debts
+€24,638
Advances received
+€188,771
Other debts
+€101,049
Accrued charges and deferred income
+€1,737
Investment (derived)
-€1,578
Investment in fixed assets (net)
-€1,578
Financing
-€88,105
Debts after one year
-€9,748
Current portion of long-term debt
+€411
Contributions, distributions and other
-€78,768
Cash 2026
€602,697
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,726,574 | €3,033,402 | +€306,828 | +11.3% |
| Fixed assets | 21/28 | €36,648 | €26,841 | -€9,807 | -26.8% |
| Tangible fixed assets | 22/27 | €34,536 | €24,729 | -€9,807 | -28.4% |
| Plant, machinery and equipment | 23 | - | €1,347 | +€1,347 | |
| Furniture and vehicles | 24 | €34,536 | €23,382 | -€11,154 | -32.3% |
| Financial fixed assets | 28 | €2,112 | €2,112 | = | 0.0% |
| Current assets | 29/58 | €2,689,926 | €3,006,561 | +€316,635 | +11.8% |
| Stocks and contracts in progress | 3 | €2 | €2 | = | 0.0% |
| Stocks | 30/36 | €2 | €2 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,065,884 | €2,403,861 | +€337,977 | +16.4% |
| Trade receivables | 40 | €2,053,462 | €2,400,510 | +€347,048 | +16.9% |
| Other amounts receivable | 41 | €12,422 | €3,352 | -€9,071 | -73.0% |
| Cash at bank and in hand | 54/58 | €624,040 | €602,697 | -€21,343 | -3.4% |
| Total equity and liabilities | 10/49 | €2,726,574 | €3,033,402 | +€306,828 | +11.3% |
| Equity | 10/15 | €724,668 | €721,990 | -€2,678 | -0.4% |
| Contributions | 10/11 | €24,805 | €24,805 | = | 0.0% |
| Reserves | 13 | €398,848 | €396,081 | -€2,768 | -0.7% |
| Non-distributable reserves | 130/1 | €2,481 | €2,481 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,481 | €2,481 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,400 | €74,400 | = | 0.0% |
| Distributable reserves | 133 | €321,968 | €319,200 | -€2,768 | -0.9% |
| Profit (loss) carried forward | 14 | €301,014 | €301,104 | +€90 | 0.0% |
| Provisions and deferred taxes | 16 | €6,500 | €6,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,500 | €6,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,500 | €6,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,995,406 | €2,304,912 | +€309,506 | +15.5% |
| Amounts payable after more than one year | 17 | €21,665 | €11,917 | -€9,748 | -45.0% |
| Financial debts | 170/4 | €21,665 | €11,917 | -€9,748 | -45.0% |
| Amounts payable within one year | 42/48 | €1,969,778 | €2,287,295 | +€317,517 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €9,337 | €9,748 | +€411 | +4.4% |
| Trade debts | 44 | €18,164 | €20,812 | +€2,648 | +14.6% |
| Suppliers | 440/4 | €18,164 | €20,812 | +€2,648 | +14.6% |
| Advances received on contracts in progress | 46 | €1,911,599 | €2,100,370 | +€188,771 | +9.9% |
| Taxes, remuneration and social security | 45 | €10,833 | €35,470 | +€24,638 | +227.4% |
| Taxes | 450/3 | - | €26,876 | +€26,876 | |
| Remuneration and social security | 454/9 | €10,833 | €8,594 | -€2,239 | -20.7% |
| Other amounts payable | 47/48 | €19,846 | €120,895 | +€101,049 | +509.2% |
| Accrued charges and deferred income | 492/3 | €3,963 | €5,700 | +€1,737 | +43.8% |
| Remuneration, social security and pensions | 62 | €66,388 | €54,662 | -€11,726 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,156 | €11,385 | +€228 | +2.0% |
| Other operating charges | 640/8 | €2,988 | €2,465 | -€523 | -17.5% |
| Gross operating margin | 9900 | €141,062 | €179,922 | +€38,860 | +27.5% |
| Operating profit (loss) | 9901 | €60,530 | €111,410 | +€50,881 | +84.1% |
| Financial income | 75/76B | €3,556 | €879 | -€2,677 | -75.3% |
| Recurring financial income | 75 | €3,556 | €879 | -€2,677 | -75.3% |
| Financial charges | 65/66B | €3,589 | €3,327 | -€262 | -7.3% |
| Recurring financial charges | 65 | €3,589 | €3,327 | -€262 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €60,496 | €108,962 | +€48,466 | +80.1% |
| Income taxes | 67/77 | €17,629 | €32,872 | +€15,243 | +86.5% |
| Profit (loss) for the period | 9904 | €42,868 | €76,090 | +€33,222 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,868 | €76,090 | +€33,222 | +77.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.