ENO BXL: what changed
ENO BXL
Largest movements
- Cash -€34,103
down €34,103 (-95.7%), from €35,627 to €1,523
mainly Net result for the year (-€50,424) and Tax, wage and social debts (-€20,083)
- Receivables within one year -€32,140
down €32,140 (-71.4%), from €45,019 to €12,879
of which Trade receivables: -€42,449
- Tangible fixed assets -€3,488
down €3,488 (-69.2%), from €5,040 to €1,552
of which Other tangible fixed assets: -€2,465
- Deferred charges and accrued income -€1,935
no longer reported in 2025 (was €1,935)
- Profit (loss) carried forward -€50,424
down €50,424, from €39,140 to -€11,284
- Tax, wage and social debts -€20,083
down €20,083 (-92.6%), from €21,685 to €1,602
of which Remuneration and social security: -€15,550
- Trade debts -€1,160
down €1,160 (-4.8%), from €24,411 to €23,250
- Gross operating margin -€190,535
down €190,535, from €179,635 to -€10,900
- Staff costs -€110,657
down €110,657 (-77.6%), from €142,619 to €31,962
- Other operating charges +€2,635
up €2,635 (+680%), from €387 to €3,023
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,436 | €19,769 | -€71,667 | -78.4% |
| Fixed assets | 21/28 | €5,222 | €1,734 | -€3,488 | -66.8% |
| Tangible fixed assets | 22/27 | €5,040 | €1,552 | -€3,488 | -69.2% |
| Plant, machinery and equipment | 23 | €2,575 | €1,552 | -€1,024 | -39.7% |
| Other tangible fixed assets | 26 | €2,465 | - | -€2,465 | |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €86,213 | €18,034 | -€68,179 | -79.1% |
| Stocks and contracts in progress | 3 | €3,632 | €3,632 | = | 0.0% |
| Stocks | 30/36 | €3,632 | €3,632 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,019 | €12,879 | -€32,140 | -71.4% |
| Trade receivables | 40 | €45,019 | €2,571 | -€42,449 | -94.3% |
| Other amounts receivable | 41 | - | €10,308 | +€10,308 | |
| Cash at bank and in hand | 54/58 | €35,627 | €1,523 | -€34,103 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,935 | - | -€1,935 | |
| Total equity and liabilities | 10/49 | €91,436 | €19,769 | -€71,667 | -78.4% |
| Equity | 10/15 | €45,340 | -€5,084 | -€50,424 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,140 | -€11,284 | -€50,424 | |
| Amounts payable | 17/49 | €46,095 | €24,852 | -€21,243 | -46.1% |
| Amounts payable within one year | 42/48 | €46,095 | €24,852 | -€21,243 | -46.1% |
| Trade debts | 44 | €24,411 | €23,250 | -€1,160 | -4.8% |
| Suppliers | 440/4 | €24,411 | €23,250 | -€1,160 | -4.8% |
| Taxes, remuneration and social security | 45 | €21,685 | €1,602 | -€20,083 | -92.6% |
| Taxes | 450/3 | €4,566 | €33 | -€4,533 | -99.3% |
| Remuneration and social security | 454/9 | €17,119 | €1,569 | -€15,550 | -90.8% |
| Remuneration, social security and pensions | 62 | €142,619 | €31,962 | -€110,657 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,852 | €865 | -€986 | -53.3% |
| Other operating charges | 640/8 | €387 | €3,023 | +€2,635 | +680% |
| Gross operating margin | 9900 | €179,635 | -€10,900 | -€190,535 | |
| Operating profit (loss) | 9901 | €34,776 | -€46,750 | -€81,526 | |
| Financial income | 75/76B | €48 | €15 | -€34 | -69.5% |
| Recurring financial income | 75 | €48 | €15 | -€34 | -69.5% |
| Financial charges | 65/66B | €4,522 | €3,689 | -€833 | -18.4% |
| Recurring financial charges | 65 | €4,522 | €3,689 | -€833 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €30,303 | -€50,424 | -€80,727 | |
| Profit (loss) for the period | 9904 | €30,303 | -€50,424 | -€80,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,303 | -€50,424 | -€80,727 |
Next steps
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 6 November 2026 via checked.be.