ENODO: 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.
ENODO
Largest movements
- Cash +€146,179
up €146,179 (+95.2%), from €153,470 to €299,648
mainly Net result for the year (+€103,780) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€8,130
down €8,130 (-7.9%), from €103,407 to €95,277
of which Land and buildings: -€5,700
- Reserves +€91,598
up €91,598 (+29.2%), from €314,228 to €405,826
- Debts after one year -€16,124
down €16,124 (-66.5%), from €24,258 to €8,134
- Tax, wage and social debts +€12,537
up €12,537 (+276.6%), from €4,532 to €17,070
- Gross operating margin +€24,518
up €24,518 (+16.2%), from €151,367 to €175,885
- Taxes +€8,359
up €8,359 (+23.8%), from €35,054 to €43,413
- Financial income +€3,178
up €3,178 (+272.0%), from €1,168 to €4,346
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.
Cash bridge derived
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 | €375,376 | €467,430 | +€92,054 | +24.5% |
| Fixed assets | 21/28 | €103,407 | €95,277 | -€8,130 | -7.9% |
| Tangible fixed assets | 22/27 | €103,407 | €95,277 | -€8,130 | -7.9% |
| Land and buildings | 22 | €88,215 | €82,515 | -€5,700 | -6.5% |
| Plant, machinery and equipment | 23 | €9,599 | €9,020 | -€578 | -6.0% |
| Furniture and vehicles | 24 | €5,593 | €3,742 | -€1,851 | -33.1% |
| Current assets | 29/58 | €271,968 | €372,152 | +€100,184 | +36.8% |
| Amounts receivable within one year | 40/41 | €60,163 | €63,972 | +€3,809 | +6.3% |
| Trade receivables | 40 | €38,216 | €32,598 | -€5,618 | -14.7% |
| Other amounts receivable | 41 | €21,947 | €31,373 | +€9,427 | +43.0% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €153,470 | €299,648 | +€146,179 | +95.2% |
| Deferred charges and accrued income | 490/1 | €8,336 | €8,532 | +€196 | +2.4% |
| Total equity and liabilities | 10/49 | €375,376 | €467,430 | +€92,054 | +24.5% |
| Equity | 10/15 | €320,428 | €412,026 | +€91,598 | +28.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €314,228 | €405,826 | +€91,598 | +29.2% |
| Distributable reserves | 133 | €314,228 | €405,826 | +€91,598 | +29.2% |
| Amounts payable | 17/49 | €54,948 | €55,403 | +€456 | +0.8% |
| Amounts payable after more than one year | 17 | €24,258 | €8,134 | -€16,124 | -66.5% |
| Financial debts | 170/4 | €24,258 | €8,134 | -€16,124 | -66.5% |
| Amounts payable within one year | 42/48 | €30,690 | €47,270 | +€16,580 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €15,935 | €16,124 | +€189 | +1.2% |
| Trade debts | 44 | €10,222 | €14,076 | +€3,854 | +37.7% |
| Suppliers | 440/4 | €10,222 | €14,076 | +€3,854 | +37.7% |
| Taxes, remuneration and social security | 45 | €4,532 | €17,070 | +€12,537 | +276.6% |
| Taxes | 450/3 | €4,532 | €17,070 | +€12,537 | +276.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,783 | €9,772 | -€11 | -0.1% |
| Other operating charges | 640/8 | €18,161 | €19,208 | +€1,047 | +5.8% |
| Gross operating margin | 9900 | €151,367 | €175,885 | +€24,518 | +16.2% |
| Operating profit (loss) | 9901 | €123,423 | €146,905 | +€23,482 | +19.0% |
| Financial income | 75/76B | €1,168 | €4,346 | +€3,178 | +272.0% |
| Recurring financial income | 75 | €1,168 | €4,346 | +€3,178 | +272.0% |
| Financial charges | 65/66B | €4,119 | €4,058 | -€61 | -1.5% |
| Recurring financial charges | 65 | €4,119 | €4,058 | -€61 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €120,472 | €147,193 | +€26,721 | +22.2% |
| Income taxes | 67/77 | €35,054 | €43,413 | +€8,359 | +23.8% |
| Profit (loss) for the period | 9904 | €85,418 | €103,780 | +€18,362 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,418 | €103,780 | +€18,362 | +21.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.