Enoli: 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.
Enoli
Largest movements
- Stocks and contracts +€30,205
up €30,205 (+18.9%), from €159,420 to €189,625
- Cash +€29,866
up €29,866 (+47.9%), from €62,366 to €92,232
mainly Net result for the year (+€66,540) and Other debts (+€24,626)
- Tangible fixed assets +€26,795
up €26,795 (+1231.8%), from €2,175 to €28,970
of which Furniture and vehicles: +€25,598
- Profit (loss) carried forward +€66,540
up €66,540 (+64.4%), from €103,338 to €169,878
- Trade debts -€27,304
down €27,304 (-58.1%), from €46,993 to €19,689
- Other debts +€24,626
up €24,626 (+88.8%), from €27,722 to €52,348
- Tax, wage and social debts +€24,379
up €24,379 (+55.2%), from €44,132 to €68,511
of which Taxes: +€23,616
- Gross operating margin -€37,839
down €37,839 (-21.0%), from €179,948 to €142,109
- Taxes -€9,168
down €9,168 (-35.3%), from €25,989 to €16,821
- Depreciation +€4,102
up €4,102 (+804.5%), from €510 to €4,612
- Staff costs +€3,876
up €3,876 (+7.8%), from €49,548 to €53,424
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 | €225,185 | €313,426 | +€88,241 | +39.2% |
| Fixed assets | 21/28 | €2,175 | €28,970 | +€26,795 | +1231.8% |
| Tangible fixed assets | 22/27 | €2,175 | €28,970 | +€26,795 | +1231.8% |
| Plant, machinery and equipment | 23 | - | €1,197 | +€1,197 | |
| Furniture and vehicles | 24 | €2,175 | €27,773 | +€25,598 | +1176.8% |
| Current assets | 29/58 | €223,010 | €284,456 | +€61,446 | +27.6% |
| Stocks and contracts in progress | 3 | €159,420 | €189,625 | +€30,205 | +18.9% |
| Stocks | 30/36 | €159,420 | €189,625 | +€30,205 | +18.9% |
| Amounts receivable within one year | 40/41 | - | €154 | +€154 | |
| Trade receivables | 40 | - | €154 | +€154 | |
| Cash at bank and in hand | 54/58 | €62,366 | €92,232 | +€29,866 | +47.9% |
| Deferred charges and accrued income | 490/1 | €1,224 | €2,445 | +€1,221 | +99.7% |
| Total equity and liabilities | 10/49 | €225,185 | €313,426 | +€88,241 | +39.2% |
| Equity | 10/15 | €106,338 | €172,878 | +€66,540 | +62.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,338 | €169,878 | +€66,540 | +64.4% |
| Amounts payable | 17/49 | €118,847 | €140,548 | +€21,701 | +18.3% |
| Amounts payable within one year | 42/48 | €118,847 | €140,548 | +€21,701 | +18.3% |
| Trade debts | 44 | €46,993 | €19,689 | -€27,304 | -58.1% |
| Suppliers | 440/4 | €46,993 | €19,689 | -€27,304 | -58.1% |
| Taxes, remuneration and social security | 45 | €44,132 | €68,511 | +€24,379 | +55.2% |
| Taxes | 450/3 | €39,657 | €63,273 | +€23,616 | +59.5% |
| Remuneration and social security | 454/9 | €4,475 | €5,238 | +€764 | +17.1% |
| Other amounts payable | 47/48 | €27,722 | €52,348 | +€24,626 | +88.8% |
| Remuneration, social security and pensions | 62 | €49,548 | €53,424 | +€3,876 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €4,612 | +€4,102 | +804.5% |
| Other operating charges | 640/8 | €702 | €859 | +€157 | +22.4% |
| Gross operating margin | 9900 | €179,948 | €142,109 | -€37,839 | -21.0% |
| Operating profit (loss) | 9901 | €129,188 | €83,214 | -€45,974 | -35.6% |
| Financial income | 75/76B | €276 | €209 | -€67 | -24.3% |
| Recurring financial income | 75 | €276 | €209 | -€67 | -24.3% |
| Financial charges | 65/66B | €137 | €62 | -€75 | -54.5% |
| Recurring financial charges | 65 | €137 | €62 | -€75 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €129,327 | €83,361 | -€45,966 | -35.5% |
| Income taxes | 67/77 | €25,989 | €16,821 | -€9,168 | -35.3% |
| Profit (loss) for the period | 9904 | €103,338 | €66,540 | -€36,798 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,338 | €66,540 | -€36,798 | -35.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.