Enotna: 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.
Enotna
Largest movements
- Receivables within one year -€1,076
down €1,076 (-12.4%), from €8,654 to €7,578
of which Trade receivables: -€876
- Formation expenses -€330
down €330 (-33.3%), from €989 to €660
- Trade debts -€1,194
down €1,194 (-10.1%), from €11,785 to €10,591
- Gross operating margin +€6,849
up €6,849, from -€6,583 to €266
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 | €17,659 | €16,406 | -€1,253 | -7.1% |
| Formation expenses | 20 | €989 | €660 | -€330 | -33.3% |
| Current assets | 29/58 | €16,670 | €15,747 | -€923 | -5.5% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,654 | €7,578 | -€1,076 | -12.4% |
| Trade receivables | 40 | €1,700 | €823 | -€876 | -51.6% |
| Other amounts receivable | 41 | €6,954 | €6,754 | -€200 | -2.9% |
| Cash at bank and in hand | 54/58 | €516 | €669 | +€153 | +29.7% |
| Total equity and liabilities | 10/49 | €17,659 | €16,406 | -€1,253 | -7.1% |
| Equity | 10/15 | -€9,406 | -€9,465 | -€59 | -0.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,906 | -€10,965 | -€59 | -0.5% |
| Amounts payable | 17/49 | €27,065 | €25,872 | -€1,194 | -4.4% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Financial debts | 170/4 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,765 | €17,572 | -€1,194 | -6.4% |
| Trade debts | 44 | €11,785 | €10,591 | -€1,194 | -10.1% |
| Suppliers | 440/4 | €11,785 | €10,591 | -€1,194 | -10.1% |
| Other amounts payable | 47/48 | €6,981 | €6,981 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €330 | = | 0.0% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | -€6,583 | €266 | +€6,849 | |
| Operating profit (loss) | 9901 | -€6,913 | -€64 | +€6,849 | +99.1% |
| Financial income | 75/76B | €3 | €5 | +€1 | +37.2% |
| Recurring financial income | 75 | €3 | €5 | +€1 | +37.2% |
| Financial charges | 65/66B | €43 | €0 | -€43 | -100.0% |
| Recurring financial charges | 65 | €43 | €0 | -€43 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,953 | -€59 | +€6,894 | +99.1% |
| Profit (loss) for the period | 9904 | -€6,953 | -€59 | +€6,894 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,953 | -€59 | +€6,894 | +99.1% |
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 17 October 2026 via checked.be.