ENNEN WILLIAM: 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.
ENNEN WILLIAM
Largest movements
- Receivables within one year +€5,564
up €5,564 (+21.2%), from €26,186 to €31,750
of which Trade receivables: +€4,763
- Cash +€2,108
up €2,108 (+104%), from €2,031 to €4,139
mainly Net result for the year (+€12,823) and Depreciation (+€6,054)
- Deferred charges and accrued income +€1,996
up €1,996 (+108%), from €1,848 to €3,844
- Tangible fixed assets +€529
up €529 (+9.2%), from €5,748 to €6,277
of which Plant, machinery and equipment: +€556
- Profit (loss) carried forward +€12,823
up €12,823, from -€640 to €12,183
- Trade debts -€3,075
down €3,075 (-72.6%), from €4,234 to €1,159
- Tax, wage and social debts +€1,353
up €1,353 (+164%), from €823 to €2,176
of which Taxes: +€1,303
- Current portion of long-term debt -€904
no longer reported in 2025 (was €904)
- Depreciation -€6,102
down €6,102 (-50.2%), from €12,156 to €6,054
- Gross operating margin -€3,849
down €3,849 (-14.6%), from €26,318 to €22,470
- Taxes +€1,847
up €1,847 (+1,324%), from €140 to €1,987
- Financial charges -€439
down €439 (-29.1%), from €1,508 to €1,069
- Other operating charges -€291
down €291 (-28.3%), from €1,028 to €738
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.
Derived cash bridge
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 | €35,813 | €46,010 | +€10,197 | +28.5% |
| Fixed assets | 21/28 | €5,748 | €6,277 | +€529 | +9.2% |
| Tangible fixed assets | 22/27 | €5,748 | €6,277 | +€529 | +9.2% |
| Plant, machinery and equipment | 23 | €999 | €1,555 | +€556 | +55.6% |
| Furniture and vehicles | 24 | €4,749 | €4,722 | -€27 | -0.6% |
| Current assets | 29/58 | €30,065 | €39,733 | +€9,668 | +32.2% |
| Amounts receivable within one year | 40/41 | €26,186 | €31,750 | +€5,564 | +21.2% |
| Trade receivables | 40 | €3,173 | €7,936 | +€4,763 | +150% |
| Other amounts receivable | 41 | €23,012 | €23,814 | +€801 | +3.5% |
| Cash at bank and in hand | 54/58 | €2,031 | €4,139 | +€2,108 | +104% |
| Deferred charges and accrued income | 490/1 | €1,848 | €3,844 | +€1,996 | +108% |
| Total equity and liabilities | 10/49 | €35,813 | €46,010 | +€10,197 | +28.5% |
| Equity | 10/15 | €29,852 | €42,676 | +€12,823 | +43.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,093 | €18,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,233 | €16,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€640 | €12,183 | +€12,823 | |
| Amounts payable | 17/49 | €5,961 | €3,335 | -€2,626 | -44.1% |
| Amounts payable within one year | 42/48 | €5,961 | €3,335 | -€2,626 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €904 | - | -€904 | |
| Trade debts | 44 | €4,234 | €1,159 | -€3,075 | -72.6% |
| Suppliers | 440/4 | €4,234 | €1,159 | -€3,075 | -72.6% |
| Taxes, remuneration and social security | 45 | €823 | €2,176 | +€1,353 | +164% |
| Taxes | 450/3 | €823 | €2,126 | +€1,303 | +158% |
| Remuneration and social security | 454/9 | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €409 | €517 | +€108 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,156 | €6,054 | -€6,102 | -50.2% |
| Other operating charges | 640/8 | €1,028 | €738 | -€291 | -28.3% |
| Gross operating margin | 9900 | €26,318 | €22,470 | -€3,849 | -14.6% |
| Operating profit (loss) | 9901 | €12,725 | €15,161 | +€2,436 | +19.1% |
| Financial income | 75/76B | €680 | €718 | +€38 | +5.7% |
| Recurring financial income | 75 | €680 | €718 | +€38 | +5.7% |
| Financial charges | 65/66B | €1,508 | €1,069 | -€439 | -29.1% |
| Recurring financial charges | 65 | €1,508 | €1,069 | -€439 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €11,897 | €14,810 | +€2,913 | +24.5% |
| Income taxes | 67/77 | €140 | €1,987 | +€1,847 | +1,324% |
| Profit (loss) for the period | 9904 | €11,757 | €12,823 | +€1,066 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,757 | €12,823 | +€1,066 | +9.1% |
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 27 October 2026 via checked.be.