ENOV: 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.
ENOV
Largest movements
- Cash +€100,614
up €100,614 (+86.2%), from €116,763 to €217,377
mainly Net result for the year (+€74,144) and Other debts (+€67,118)
- Other debts +€67,118
up €67,118 (+752%), from €8,923 to €76,041
- Profit (loss) carried forward +€32,144
up €32,144, from -€10,425 to €21,719
- Trade debts +€13,929
up €13,929 (+84.9%), from €16,402 to €30,331
- Tax, wage and social debts -€13,691
down €13,691 (-41.3%), from €33,170 to €19,479
- Gross operating margin +€39,124
up €39,124 (+49.5%), from €79,039 to €118,163
- Financial charges +€34,901
up €34,901 (+8,646%), from €404 to €35,304
- Taxes -€17,250
down €17,250 (-72.1%), from €23,913 to €6,663
- Other operating charges -€2,268
no longer reported in 2025 (was €2,268)
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 | €163,350 | €262,849 | +€99,500 | +60.9% |
| Fixed assets | 21/28 | €10,120 | €8,068 | -€2,053 | -20.3% |
| Tangible fixed assets | 22/27 | €9,995 | €7,943 | -€2,053 | -20.5% |
| Plant, machinery and equipment | 23 | €686 | €251 | -€436 | -63.5% |
| Furniture and vehicles | 24 | €86 | €1 | -€85 | -98.6% |
| Other tangible fixed assets | 26 | €9,223 | €7,691 | -€1,532 | -16.6% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €153,230 | €254,782 | +€101,552 | +66.3% |
| Amounts receivable within one year | 40/41 | €36,374 | €37,227 | +€852 | +2.3% |
| Trade receivables | 40 | €35,586 | €35,586 | = | 0.0% |
| Other amounts receivable | 41 | €788 | €1,641 | +€852 | +108% |
| Cash at bank and in hand | 54/58 | €116,763 | €217,377 | +€100,614 | +86.2% |
| Deferred charges and accrued income | 490/1 | €92 | €178 | +€86 | +93.2% |
| Total equity and liabilities | 10/49 | €163,350 | €262,849 | +€99,500 | +60.9% |
| Equity | 10/15 | €104,855 | €136,998 | +€32,144 | +30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,079 | €109,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €106,979 | €106,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,425 | €21,719 | +€32,144 | |
| Amounts payable | 17/49 | €58,495 | €125,851 | +€67,356 | +115% |
| Amounts payable within one year | 42/48 | €58,495 | €125,851 | +€67,356 | +115% |
| Trade debts | 44 | €16,402 | €30,331 | +€13,929 | +84.9% |
| Suppliers | 440/4 | €16,402 | €30,331 | +€13,929 | +84.9% |
| Taxes, remuneration and social security | 45 | €33,170 | €19,479 | -€13,691 | -41.3% |
| Taxes | 450/3 | €33,170 | €19,479 | -€13,691 | -41.3% |
| Other amounts payable | 47/48 | €8,923 | €76,041 | +€67,118 | +752% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €2,053 | -€888 | -30.2% |
| Other operating charges | 640/8 | €2,268 | - | -€2,268 | |
| Gross operating margin | 9900 | €79,039 | €118,163 | +€39,124 | +49.5% |
| Operating profit (loss) | 9901 | €73,830 | €116,110 | +€42,281 | +57.3% |
| Financial income | 75/76B | €9 | €1 | -€8 | -91.2% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -91.2% |
| Financial charges | 65/66B | €404 | €35,304 | +€34,901 | +8,646% |
| Recurring financial charges | 65 | €404 | €35,304 | +€34,901 | +8,646% |
| Profit (loss) for the period before taxes | 9903 | €73,435 | €80,807 | +€7,372 | +10.0% |
| Income taxes | 67/77 | €23,913 | €6,663 | -€17,250 | -72.1% |
| Profit (loss) for the period | 9904 | €49,522 | €74,144 | +€24,622 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,522 | €74,144 | +€24,622 | +49.7% |
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 14 October 2026 via checked.be.