ENODEV: 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.
ENODEV
Largest movements
- Cash +€24,276
up €24,276 (+72.2%), from €33,625 to €57,902
mainly Net result for the year (+€39,836) and Current investments (+€20,000)
- Current investments -€20,000
no longer reported in 2026 (was €20,000)
- Financial fixed assets +€18,000
new in 2026: €18,000
- Receivables within one year -€1,169
down €1,169 (-8.4%), from €13,980 to €12,811
of which Other amounts receivable: -€1,169
- Reserves +€9,756
up €9,756 (+35.0%), from €27,897 to €37,654
- Profit (loss) carried forward +€4,836
new in 2026: €4,836
- Other debts +€2,718
up €2,718 (+10.2%), from €26,714 to €29,432
- Tax, wage and social debts +€1,641
up €1,641 (+54.7%), from €3,000 to €4,641
- Trade debts +€1,019
new in 2026: €1,019
- Gross operating margin +€31,136
up €31,136 (+149.7%), from €20,795 to €51,930
- Taxes +€6,442
up €6,442 (+153.0%), from €4,212 to €10,654
- Financial income +€528
up €528 (+125823.8%), from €0 to €529
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,899 | €89,546 | +€20,647 | +30.0% |
| Fixed assets | 21/28 | €1,189 | €18,464 | +€17,275 | +1453.5% |
| Tangible fixed assets | 22/27 | €1,189 | €464 | -€725 | -61.0% |
| Plant, machinery and equipment | 23 | €452 | €168 | -€284 | -62.9% |
| Furniture and vehicles | 24 | €737 | €296 | -€441 | -59.8% |
| Financial fixed assets | 28 | - | €18,000 | +€18,000 | |
| Current assets | 29/58 | €67,710 | €71,082 | +€3,372 | +5.0% |
| Amounts receivable within one year | 40/41 | €13,980 | €12,811 | -€1,169 | -8.4% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €1,880 | €711 | -€1,169 | -62.2% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €33,625 | €57,902 | +€24,276 | +72.2% |
| Deferred charges and accrued income | 490/1 | €105 | €369 | +€265 | +252.7% |
| Total equity and liabilities | 10/49 | €68,899 | €89,546 | +€20,647 | +30.0% |
| Equity | 10/15 | €32,897 | €47,490 | +€14,593 | +44.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,897 | €37,654 | +€9,756 | +35.0% |
| Distributable reserves | 133 | €27,897 | €37,654 | +€9,756 | +35.0% |
| Profit (loss) carried forward | 14 | - | €4,836 | +€4,836 | |
| Amounts payable | 17/49 | €36,001 | €42,056 | +€6,054 | +16.8% |
| Amounts payable within one year | 42/48 | €29,714 | €35,092 | +€5,378 | +18.1% |
| Trade debts | 44 | - | €1,019 | +€1,019 | |
| Suppliers | 440/4 | - | €1,019 | +€1,019 | |
| Taxes, remuneration and social security | 45 | €3,000 | €4,641 | +€1,641 | +54.7% |
| Taxes | 450/3 | €3,000 | €4,641 | +€1,641 | +54.7% |
| Other amounts payable | 47/48 | €26,714 | €29,432 | +€2,718 | +10.2% |
| Accrued charges and deferred income | 492/3 | €6,288 | €6,964 | +€676 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €725 | = | 0.0% |
| Other operating charges | 640/8 | €576 | €528 | -€49 | -8.5% |
| Gross operating margin | 9900 | €20,795 | €51,930 | +€31,136 | +149.7% |
| Operating profit (loss) | 9901 | €19,493 | €50,678 | +€31,185 | +160.0% |
| Financial income | 75/76B | €0 | €529 | +€528 | +125823.8% |
| Recurring financial income | 75 | €0 | €529 | +€528 | +125823.8% |
| Financial charges | 65/66B | €797 | €717 | -€80 | -10.1% |
| Recurring financial charges | 65 | €797 | €717 | -€80 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €18,697 | €50,490 | +€31,793 | +170.0% |
| Income taxes | 67/77 | €4,212 | €10,654 | +€6,442 | +153.0% |
| Profit (loss) for the period | 9904 | €14,485 | €39,836 | +€25,351 | +175.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,485 | €39,836 | +€25,351 | +175.0% |
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.