ENOLIAS: 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.
ENOLIAS
Largest movements
- Cash -€246,369
down €246,369 (-88.8%), from €277,565 to €31,196
mainly Investment in fixed assets (net) (-€301,902) and Current investments (-€146,357)
- Tangible fixed assets +€218,865
up €218,865 (+15.4%), from €1.4m to €1.6m
of which Land and buildings: +€518,865
- Current investments +€146,357
up €146,357 (+54.8%), from €267,222 to €413,579
- Debts after one year +€144,006
new in 2024: €144,006
- Reserves -€53,000
down €53,000 (-2.9%), from €1.8m to €1.8m
- Current portion of long-term debt +€29,266
new in 2024: €29,266
- Other operating charges +€74,480
up €74,480 (+572%), from €13,012 to €87,491
- Financial charges -€27,926
down €27,926, from €5,219 to -€22,708
- Depreciation +€11,494
up €11,494 (+16.1%), from €71,543 to €83,037
- Gross operating margin -€10,816
down €10,816 (-11.0%), from €98,742 to €87,926
- Financial income +€4,231
up €4,231 (+165%), from €2,565 to €6,796
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,964,566 | €2,085,539 | +€120,974 | +6.2% |
| Fixed assets | 21/28 | €1,419,778 | €1,638,643 | +€218,865 | +15.4% |
| Tangible fixed assets | 22/27 | €1,419,778 | €1,638,643 | +€218,865 | +15.4% |
| Land and buildings | 22 | €1,119,778 | €1,638,643 | +€518,865 | +46.3% |
| Assets under construction and advance payments | 27 | €300,000 | - | -€300,000 | |
| Current assets | 29/58 | €544,788 | €446,896 | -€97,892 | -18.0% |
| Amounts receivable within one year | 40/41 | - | €1,269 | +€1,269 | |
| Other amounts receivable | 41 | - | €1,269 | +€1,269 | |
| Current investments | 50/53 | €267,222 | €413,579 | +€146,357 | +54.8% |
| Cash at bank and in hand | 54/58 | €277,565 | €31,196 | -€246,369 | -88.8% |
| Deferred charges and accrued income | 490/1 | - | €851 | +€851 | |
| Total equity and liabilities | 10/49 | €1,964,566 | €2,085,539 | +€120,974 | +6.2% |
| Equity | 10/15 | €1,945,857 | €1,890,194 | -€55,663 | -2.9% |
| Contributions | 10/11 | €84,793 | €84,793 | = | 0.0% |
| Reserves | 13 | €1,843,000 | €1,790,000 | -€53,000 | -2.9% |
| Distributable reserves | 133 | €1,843,000 | €1,790,000 | -€53,000 | -2.9% |
| Profit (loss) carried forward | 14 | €844 | €745 | -€99 | -11.7% |
| Investment grants | 15 | €17,220 | €14,656 | -€2,565 | -14.9% |
| Amounts payable | 17/49 | €18,709 | €195,346 | +€176,637 | +944% |
| Amounts payable after more than one year | 17 | - | €144,006 | +€144,006 | |
| Financial debts | 170/4 | - | €144,006 | +€144,006 | |
| Amounts payable within one year | 42/48 | €12,329 | €45,239 | +€32,911 | +267% |
| Current portion of amounts payable after more than one year | 42 | - | €29,266 | +€29,266 | |
| Trade debts | 44 | - | €8,113 | +€8,113 | |
| Suppliers | 440/4 | - | €8,113 | +€8,113 | |
| Taxes, remuneration and social security | 45 | €7,537 | - | -€7,537 | |
| Taxes | 450/3 | €7,537 | - | -€7,537 | |
| Other amounts payable | 47/48 | €4,792 | €7,860 | +€3,069 | +64.0% |
| Accrued charges and deferred income | 492/3 | €6,380 | €6,100 | -€280 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,543 | €83,037 | +€11,494 | +16.1% |
| Other operating charges | 640/8 | €13,012 | €87,491 | +€74,480 | +572% |
| Gross operating margin | 9900 | €98,742 | €87,926 | -€10,816 | -11.0% |
| Operating profit (loss) | 9901 | €14,187 | -€82,602 | -€96,789 | |
| Financial income | 75/76B | €2,565 | €6,796 | +€4,231 | +165% |
| Recurring financial income | 75 | €2,565 | €6,796 | +€4,231 | +165% |
| Financial charges | 65/66B | €5,219 | -€22,708 | -€27,926 | |
| Recurring financial charges | 65 | €5,219 | -€22,708 | -€27,926 | |
| Profit (loss) for the period before taxes | 9903 | €11,533 | -€53,099 | -€64,632 | |
| Profit (loss) for the period | 9904 | €11,533 | -€53,099 | -€64,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,533 | -€53,099 | -€64,632 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.