Enovations: 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.
Enovations
Largest movements
- Tangible fixed assets -€15,269
down €15,269 (-59.2%), from €25,802 to €10,533
of which Furniture and vehicles: -€14,955
- Cash -€3,611
down €3,611 (-56.0%), from €6,449 to €2,838
mainly Net result for the year (-€25,726) and Receivables within one year (-€2,568)
- Receivables within one year +€2,568
up €2,568 (+765%), from €336 to €2,904
of which Trade receivables: +€2,904
- Profit (loss) carried forward -€25,726
down €25,726 (-23.4%), from -€110,113 to -€135,839
- Other debts +€7,852
up €7,852 (+405%), from €1,937 to €9,789
- Accrued charges and deferred income +€1,800
new in 2025: €1,800
- Trade debts -€544
down €544 (-42.9%), from €1,267 to €723
- Gross operating margin +€3,461
up €3,461 (+33.1%), from -€10,466 to -€7,004
- Depreciation -€1,192
down €1,192 (-6.4%), from €18,744 to €17,551
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 | €33,576 | €17,289 | -€16,287 | -48.5% |
| Fixed assets | 21/28 | €25,802 | €10,533 | -€15,269 | -59.2% |
| Tangible fixed assets | 22/27 | €25,802 | €10,533 | -€15,269 | -59.2% |
| Plant, machinery and equipment | 23 | €1,715 | €846 | -€868 | -50.6% |
| Furniture and vehicles | 24 | €24,088 | €9,133 | -€14,955 | -62.1% |
| Other tangible fixed assets | 26 | - | €554 | +€554 | |
| Current assets | 29/58 | €7,774 | €6,756 | -€1,018 | -13.1% |
| Amounts receivable within one year | 40/41 | €336 | €2,904 | +€2,568 | +765% |
| Trade receivables | 40 | - | €2,904 | +€2,904 | |
| Other amounts receivable | 41 | €336 | - | -€336 | |
| Cash at bank and in hand | 54/58 | €6,449 | €2,838 | -€3,611 | -56.0% |
| Deferred charges and accrued income | 490/1 | €988 | €1,014 | +€25 | +2.6% |
| Total equity and liabilities | 10/49 | €33,576 | €17,289 | -€16,287 | -48.5% |
| Equity | 10/15 | €30,015 | €4,289 | -€25,726 | -85.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €118,128 | €118,128 | = | 0.0% |
| Distributable reserves | 133 | €118,128 | €118,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,113 | -€135,839 | -€25,726 | -23.4% |
| Amounts payable | 17/49 | €3,560 | €13,000 | +€9,440 | +265% |
| Amounts payable within one year | 42/48 | €3,560 | €11,200 | +€7,640 | +215% |
| Trade debts | 44 | €1,267 | €723 | -€544 | -42.9% |
| Suppliers | 440/4 | €1,267 | €723 | -€544 | -42.9% |
| Taxes, remuneration and social security | 45 | €356 | €688 | +€331 | +93.0% |
| Taxes | 450/3 | €356 | €688 | +€331 | +93.0% |
| Other amounts payable | 47/48 | €1,937 | €9,789 | +€7,852 | +405% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,744 | €17,551 | -€1,192 | -6.4% |
| Other operating charges | 640/8 | €1,045 | €1,015 | -€30 | -2.8% |
| Gross operating margin | 9900 | -€10,466 | -€7,004 | +€3,461 | +33.1% |
| Operating profit (loss) | 9901 | -€30,254 | -€25,571 | +€4,683 | +15.5% |
| Financial income | 75/76B | €13 | €67 | +€54 | +414% |
| Recurring financial income | 75 | €13 | €67 | +€54 | +414% |
| Financial charges | 65/66B | €57 | €56 | -€1 | -1.7% |
| Recurring financial charges | 65 | €57 | €56 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,297 | -€25,559 | +€4,738 | +15.6% |
| Income taxes | 67/77 | €185 | €167 | -€18 | -9.8% |
| Profit (loss) for the period | 9904 | -€30,482 | -€25,726 | +€4,756 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,482 | -€25,726 | +€4,756 | +15.6% |
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.