ENOLIA: 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.
ENOLIA
Largest movements
- Stocks and contracts +€24,465
up €24,465 (+23.6%), from €103,760 to €128,225
- Cash +€10,626
up €10,626 (+46.1%), from €23,037 to €33,663
mainly Trade debts (+€84,449) and Short-term financial debts (+€49,510)
- Receivables within one year +€9,686
up €9,686 (+9.9%), from €97,704 to €107,389
of which Trade receivables: +€7,805
- Financial fixed assets +€3,265
up €3,265 (+1764.9%), from €185 to €3,450
- Tangible fixed assets -€3,133
down €3,133 (-57.9%), from €5,408 to €2,275
- Trade debts +€84,449
up €84,449 (+45.0%), from €187,779 to €272,229
- Profit (loss) carried forward -€81,850
down €81,850 (-71.2%), from -€115,000 to -€196,849
- Short-term financial debts +€49,510
up €49,510 (+1095.2%), from €4,521 to €54,031
- Debts after one year -€9,613
down €9,613 (-24.9%), from €38,631 to €29,017
- Other debts +€8,500
up €8,500 (+121.4%), from €7,000 to €15,500
- Other operating charges +€14,439
up €14,439 (+1164.0%), from €1,241 to €15,680
- Staff costs +€9,631
up €9,631 (+138.4%), from €6,959 to €16,590
- Gross operating margin +€5,134
up €5,134 (+11.2%), from -€45,764 to -€40,631
- Financial income -€1,544
down €1,544 (-99.3%), from €1,554 to €10
- Financial charges +€490
up €490 (+10.0%), from €4,919 to €5,409
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 | €230,464 | €276,432 | +€45,968 | +19.9% |
| Fixed assets | 21/28 | €5,593 | €5,725 | +€132 | +2.4% |
| Tangible fixed assets | 22/27 | €5,408 | €2,275 | -€3,133 | -57.9% |
| Furniture and vehicles | 24 | €5,408 | €2,275 | -€3,133 | -57.9% |
| Financial fixed assets | 28 | €185 | €3,450 | +€3,265 | +1764.9% |
| Current assets | 29/58 | €224,870 | €270,707 | +€45,837 | +20.4% |
| Stocks and contracts in progress | 3 | €103,760 | €128,225 | +€24,465 | +23.6% |
| Stocks | 30/36 | €103,760 | €128,225 | +€24,465 | +23.6% |
| Amounts receivable within one year | 40/41 | €97,704 | €107,389 | +€9,686 | +9.9% |
| Trade receivables | 40 | €66,757 | €74,562 | +€7,805 | +11.7% |
| Other amounts receivable | 41 | €30,947 | €32,827 | +€1,880 | +6.1% |
| Cash at bank and in hand | 54/58 | €23,037 | €33,663 | +€10,626 | +46.1% |
| Deferred charges and accrued income | 490/1 | €370 | €1,430 | +€1,060 | +286.8% |
| Total equity and liabilities | 10/49 | €230,464 | €276,432 | +€45,968 | +19.9% |
| Equity | 10/15 | -€29,000 | -€110,849 | -€81,850 | -282.2% |
| Contributions | 10/11 | €86,000 | €86,000 | = | 0.0% |
| Capital | 10 | €86,000 | €86,000 | = | 0.0% |
| Issued capital | 100 | €86,000 | €86,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,000 | -€196,849 | -€81,850 | -71.2% |
| Amounts payable | 17/49 | €259,463 | €387,281 | +€127,818 | +49.3% |
| Amounts payable after more than one year | 17 | €38,631 | €29,017 | -€9,613 | -24.9% |
| Financial debts | 170/4 | €38,631 | €29,017 | -€9,613 | -24.9% |
| Amounts payable within one year | 42/48 | €218,050 | €357,924 | +€139,874 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €9,150 | €9,613 | +€463 | +5.1% |
| Financial debts | 43 | €4,521 | €54,031 | +€49,510 | +1095.2% |
| Credit institutions | 430/8 | €4,521 | €54,031 | +€49,510 | +1095.2% |
| Trade debts | 44 | €187,779 | €272,229 | +€84,449 | +45.0% |
| Suppliers | 440/4 | €187,779 | €272,229 | +€84,449 | +45.0% |
| Advances received on contracts in progress | 46 | €9,017 | €3,727 | -€5,290 | -58.7% |
| Taxes, remuneration and social security | 45 | €583 | €2,825 | +€2,242 | +384.5% |
| Taxes | 450/3 | €5 | €5 | = | 0.0% |
| Remuneration and social security | 454/9 | €578 | €2,820 | +€2,242 | +388.0% |
| Other amounts payable | 47/48 | €7,000 | €15,500 | +€8,500 | +121.4% |
| Accrued charges and deferred income | 492/3 | €2,783 | €339 | -€2,443 | -87.8% |
| Remuneration, social security and pensions | 62 | €6,959 | €16,590 | +€9,631 | +138.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,133 | €3,133 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€49 | -€49 | |
| Other operating charges | 640/8 | €1,241 | €15,680 | +€14,439 | +1164.0% |
| Non-recurring operating charges | 66A | €41,884 | €156 | -€41,728 | -99.6% |
| Gross operating margin | 9900 | -€45,764 | -€40,631 | +€5,134 | +11.2% |
| Operating profit (loss) | 9901 | -€98,982 | -€76,141 | +€22,841 | +23.1% |
| Financial income | 75/76B | €1,554 | €10 | -€1,544 | -99.3% |
| Recurring financial income | 75 | €1,554 | €10 | -€1,544 | -99.3% |
| Financial charges | 65/66B | €4,919 | €5,409 | +€490 | +10.0% |
| Recurring financial charges | 65 | €4,919 | €5,409 | +€490 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€102,347 | -€81,540 | +€20,807 | +20.3% |
| Income taxes | 67/77 | €297 | €310 | +€13 | +4.2% |
| Profit (loss) for the period | 9904 | -€102,644 | -€81,850 | +€20,795 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,644 | -€81,850 | +€20,795 | +20.3% |
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 10 October 2026 via checked.be.