ENOILE: 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.
ENOILE
Largest movements
- Tangible fixed assets +€634,503
up €634,503 (+1,625%), from €39,042 to €673,545
of which Land and buildings: +€651,966
- Intangible fixed assets +€68,647
new in 2025: €68,647
- Cash -€23,821
down €23,821 (-39.2%), from €60,788 to €36,967
mainly Investment in fixed assets (net) (-€755,000) and Tax, wage and social debts (-€44,089)
- Receivables within one year +€19,191
up €19,191 (+7.5%), from €255,460 to €274,651
of which Trade receivables: +€173,932
- Debts after one year +€556,376
new in 2025: €556,376
- Other debts +€127,689
up €127,689 (+83.3%), from €153,200 to €280,889
- Trade debts +€62,258
up €62,258 (+152%), from €40,865 to €103,123
- Tax, wage and social debts -€44,089
down €44,089 (-88.3%), from €49,904 to €5,816
of which Taxes: -€30,037
- Current portion of long-term debt +€33,562
new in 2025: €33,562
- Staff costs -€58,525
down €58,525 (-54.3%), from €107,844 to €49,318
- Depreciation +€34,263
up €34,263 (+195%), from €17,588 to €51,850
- Financial charges +€20,951
up €20,951 (+350%), from €5,993 to €26,944
- Taxes -€15,507
down €15,507 (-94.6%), from €16,388 to €880
- Financial income -€5,441
down €5,441 (-64.2%), from €8,473 to €3,033
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 | €363,141 | €1,054,955 | +€691,815 | +191% |
| Fixed assets | 21/28 | €39,042 | €742,192 | +€703,150 | +1,801% |
| Intangible fixed assets | 21 | - | €68,647 | +€68,647 | |
| Tangible fixed assets | 22/27 | €39,042 | €673,545 | +€634,503 | +1,625% |
| Land and buildings | 22 | - | €651,966 | +€651,966 | |
| Plant, machinery and equipment | 23 | €19,691 | €12,130 | -€7,561 | -38.4% |
| Furniture and vehicles | 24 | €11,015 | €4,074 | -€6,941 | -63.0% |
| Other tangible fixed assets | 26 | €8,336 | €5,374 | -€2,962 | -35.5% |
| Current assets | 29/58 | €324,099 | €312,764 | -€11,335 | -3.5% |
| Amounts receivable within one year | 40/41 | €255,460 | €274,651 | +€19,191 | +7.5% |
| Trade receivables | 40 | €88,138 | €262,070 | +€173,932 | +197% |
| Other amounts receivable | 41 | €167,321 | €12,580 | -€154,741 | -92.5% |
| Cash at bank and in hand | 54/58 | €60,788 | €36,967 | -€23,821 | -39.2% |
| Deferred charges and accrued income | 490/1 | €7,851 | €1,146 | -€6,705 | -85.4% |
| Total equity and liabilities | 10/49 | €363,141 | €1,054,955 | +€691,815 | +191% |
| Equity | 10/15 | €98,372 | €75,190 | -€23,182 | -23.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,372 | €70,190 | -€23,182 | -24.8% |
| Amounts payable | 17/49 | €264,769 | €979,766 | +€714,997 | +270% |
| Amounts payable after more than one year | 17 | - | €556,376 | +€556,376 | |
| Financial debts | 170/4 | - | €556,376 | +€556,376 | |
| Amounts payable within one year | 42/48 | €243,969 | €423,390 | +€179,421 | +73.5% |
| Current portion of amounts payable after more than one year | 42 | - | €33,562 | +€33,562 | |
| Trade debts | 44 | €40,865 | €103,123 | +€62,258 | +152% |
| Suppliers | 440/4 | €40,865 | €103,123 | +€62,258 | +152% |
| Taxes, remuneration and social security | 45 | €49,904 | €5,816 | -€44,089 | -88.3% |
| Taxes | 450/3 | €30,918 | €880 | -€30,037 | -97.2% |
| Remuneration and social security | 454/9 | €18,987 | €4,935 | -€14,051 | -74.0% |
| Other amounts payable | 47/48 | €153,200 | €280,889 | +€127,689 | +83.3% |
| Accrued charges and deferred income | 492/3 | €20,800 | - | -€20,800 | |
| Remuneration, social security and pensions | 62 | €107,844 | €49,318 | -€58,525 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,588 | €51,850 | +€34,263 | +195% |
| Other operating charges | 640/8 | €3,127 | €5,985 | +€2,858 | +91.4% |
| Gross operating margin | 9900 | €108,185 | €108,763 | +€578 | +0.5% |
| Operating profit (loss) | 9901 | -€20,373 | €1,610 | +€21,982 | |
| Financial income | 75/76B | €8,473 | €3,033 | -€5,441 | -64.2% |
| Recurring financial income | 75 | €8,473 | €3,033 | -€5,441 | -64.2% |
| Financial charges | 65/66B | €5,993 | €26,944 | +€20,951 | +350% |
| Recurring financial charges | 65 | €5,993 | €26,944 | +€20,951 | +350% |
| Profit (loss) for the period before taxes | 9903 | -€17,892 | -€22,302 | -€4,410 | -24.6% |
| Income taxes | 67/77 | €16,388 | €880 | -€15,507 | -94.6% |
| Profit (loss) for the period | 9904 | -€34,280 | -€23,182 | +€11,098 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,280 | -€23,182 | +€11,098 | +32.4% |
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 26 October 2026 via checked.be.