ENORA LEUZE: 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.
ENORA LEUZE
Largest movements
- Tangible fixed assets -€68,024
down €68,024 (-15.6%), from €436,171 to €368,147
- Cash -€21,108
down €21,108 (-18.7%), from €112,758 to €91,650
mainly Debts after one year (-€49,739) and Net result for the year (-€31,544)
- Receivables within one year -€11,679
down €11,679 (-33.3%), from €35,055 to €23,376
of which Trade receivables: -€9,038
- Debts after one year -€49,739
down €49,739 (-16.3%), from €305,808 to €256,069
- Profit (loss) carried forward -€31,545
down €31,545 (-16.5%), from -€191,396 to -€222,941
- Trade debts -€21,358
down €21,358 (-31.1%), from €68,613 to €47,255
- Goods and materials +€78,064
up €78,064 (+116%), from €67,543 to €145,607
of which Purchases: +€78,173
- Services and other goods -€32,276
down €32,276 (-38.5%), from €83,743 to €51,467
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 | €584,288 | €483,615 | -€100,673 | -17.2% |
| Fixed assets | 21/28 | €436,171 | €368,147 | -€68,024 | -15.6% |
| Tangible fixed assets | 22/27 | €436,171 | €368,147 | -€68,024 | -15.6% |
| Plant, machinery and equipment | 23 | €436,171 | €368,147 | -€68,024 | -15.6% |
| Current assets | 29/58 | €148,117 | €115,468 | -€32,649 | -22.0% |
| Stocks and contracts in progress | 3 | €304 | €442 | +€138 | +45.4% |
| Stocks | 30/36 | €304 | €442 | +€138 | +45.4% |
| Goods purchased for resale | 34 | €304 | €442 | +€138 | +45.4% |
| Amounts receivable within one year | 40/41 | €35,055 | €23,376 | -€11,679 | -33.3% |
| Trade receivables | 40 | €25,269 | €16,231 | -€9,038 | -35.8% |
| Other amounts receivable | 41 | €9,786 | €7,145 | -€2,641 | -27.0% |
| Cash at bank and in hand | 54/58 | €112,758 | €91,650 | -€21,108 | -18.7% |
| Total equity and liabilities | 10/49 | €584,288 | €483,615 | -€100,673 | -17.2% |
| Equity | 10/15 | €58,604 | €27,059 | -€31,545 | -53.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,396 | -€222,941 | -€31,545 | -16.5% |
| Amounts payable | 17/49 | €525,684 | €456,556 | -€69,128 | -13.2% |
| Amounts payable after more than one year | 17 | €305,808 | €256,069 | -€49,739 | -16.3% |
| Financial debts | 170/4 | €305,808 | €256,069 | -€49,739 | -16.3% |
| Credit institutions | 173 | €305,808 | €256,069 | -€49,739 | -16.3% |
| Amounts payable within one year | 42/48 | €217,905 | €198,754 | -€19,151 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €98,039 | €98,996 | +€957 | +1.0% |
| Trade debts | 44 | €68,613 | €47,255 | -€21,358 | -31.1% |
| Suppliers | 440/4 | €68,613 | €47,255 | -€21,358 | -31.1% |
| Other amounts payable | 47/48 | €51,253 | €52,503 | +€1,250 | +2.4% |
| Accrued charges and deferred income | 492/3 | €1,971 | €1,733 | -€238 | -12.1% |
| Operating income | 70/76A | €242,509 | €240,334 | -€2,175 | -0.9% |
| Turnover | 70 | €242,509 | €240,334 | -€2,175 | -0.9% |
| Operating charges | 60/66A | €220,333 | €266,918 | +€46,585 | +21.1% |
| Goods for resale, raw materials and consumables | 60 | €67,543 | €145,607 | +€78,064 | +116% |
| Purchases | 600/8 | €67,572 | €145,745 | +€78,173 | +116% |
| Change in stocks: decrease (increase) | 609 | -€29 | -€138 | -€109 | -376% |
| Services and other goods | 61 | €83,743 | €51,467 | -€32,276 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,024 | €68,024 | = | 0.0% |
| Other operating charges | 640/8 | €1,023 | €1,820 | +€797 | +77.9% |
| Operating profit (loss) | 9901 | €22,176 | -€26,584 | -€48,760 | |
| Financial charges | 65/66B | €5,402 | €4,960 | -€442 | -8.2% |
| Recurring financial charges | 65 | €5,402 | €4,960 | -€442 | -8.2% |
| Debt charges | 650 | €5,402 | €4,754 | -€648 | -12.0% |
| Other financial charges | 652/9 | - | €206 | +€206 | |
| Profit (loss) for the period before taxes | 9903 | €16,774 | -€31,544 | -€48,318 | |
| Profit (loss) for the period | 9904 | €16,774 | -€31,544 | -€48,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,774 | -€31,544 | -€48,318 |
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 23 October 2026 via checked.be.