ENOVE: 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.
ENOVE
Largest movements
- Cash +€29,563
up €29,563 (+84.7%), from €34,914 to €64,476
mainly Net result for the year (+€17,979) and Depreciation (+€11,863)
- Intangible fixed assets -€6,596
down €6,596 (-94.7%), from €6,966 to €370
- Receivables within one year -€3,592
down €3,592 (-36.2%), from €9,928 to €6,336
of which Trade receivables: -€3,660
- Tangible fixed assets -€2,902
down €2,902 (-17.6%), from €16,474 to €13,572
of which Furniture and vehicles: -€2,281
- Profit (loss) carried forward +€17,979
up €17,979 (+4.7%), from -€379,765 to -€361,786
- Trade debts -€9,276
down €9,276 (-82.1%), from €11,295 to €2,019
- Other debts +€6,273
up €6,273 (+40.9%), from €15,329 to €21,602
- Tax, wage and social debts +€1,030
new in 2025: €1,030
of which Remuneration and social security: +€1,000
- Gross operating margin +€13,000
up €13,000 (+62.9%), from €20,676 to €33,676
- Depreciation -€3,613
down €3,613 (-23.3%), from €15,475 to €11,863
- Other operating charges +€2,029
up €2,029 (+136.3%), from €1,489 to €3,519
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.
Cash bridge derived
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 | €69,160 | €85,180 | +€16,019 | +23.2% |
| Fixed assets | 21/28 | €23,440 | €13,942 | -€9,498 | -40.5% |
| Intangible fixed assets | 21 | €6,966 | €370 | -€6,596 | -94.7% |
| Tangible fixed assets | 22/27 | €16,474 | €13,572 | -€2,902 | -17.6% |
| Furniture and vehicles | 24 | €11,504 | €9,223 | -€2,281 | -19.8% |
| Other tangible fixed assets | 26 | €4,970 | €4,349 | -€621 | -12.5% |
| Current assets | 29/58 | €45,721 | €71,238 | +€25,518 | +55.8% |
| Amounts receivable within one year | 40/41 | €9,928 | €6,336 | -€3,592 | -36.2% |
| Trade receivables | 40 | €9,529 | €5,869 | -€3,660 | -38.4% |
| Other amounts receivable | 41 | €398 | €466 | +€68 | +17.0% |
| Cash at bank and in hand | 54/58 | €34,914 | €64,476 | +€29,563 | +84.7% |
| Deferred charges and accrued income | 490/1 | €879 | €426 | -€453 | -51.5% |
| Total equity and liabilities | 10/49 | €69,160 | €85,180 | +€16,019 | +23.2% |
| Equity | 10/15 | -€361,165 | -€343,186 | +€17,979 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€379,765 | -€361,786 | +€17,979 | +4.7% |
| Amounts payable | 17/49 | €430,326 | €428,366 | -€1,960 | -0.5% |
| Amounts payable after more than one year | 17 | €330,000 | €330,000 | = | 0.0% |
| Other amounts payable | 178/9 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,624 | €24,651 | -€1,973 | -7.4% |
| Trade debts | 44 | €11,295 | €2,019 | -€9,276 | -82.1% |
| Suppliers | 440/4 | €11,295 | €2,019 | -€9,276 | -82.1% |
| Taxes, remuneration and social security | 45 | - | €1,030 | +€1,030 | |
| Taxes | 450/3 | - | €30 | +€30 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €15,329 | €21,602 | +€6,273 | +40.9% |
| Accrued charges and deferred income | 492/3 | €73,702 | €73,715 | +€13 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,475 | €11,863 | -€3,613 | -23.3% |
| Other operating charges | 640/8 | €1,489 | €3,519 | +€2,029 | +136.3% |
| Gross operating margin | 9900 | €20,676 | €33,676 | +€13,000 | +62.9% |
| Operating profit (loss) | 9901 | €3,711 | €18,294 | +€14,583 | +392.9% |
| Financial income | 75/76B | €12 | €3 | -€9 | -74.0% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -74.0% |
| Financial charges | 65/66B | €233 | €265 | +€32 | +13.6% |
| Recurring financial charges | 65 | €233 | €265 | +€32 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €3,490 | €18,033 | +€14,543 | +416.7% |
| Income taxes | 67/77 | - | €54 | +€54 | |
| Profit (loss) for the period | 9904 | €3,490 | €17,979 | +€14,489 | +415.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,490 | €17,979 | +€14,489 | +415.1% |
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 12 October 2026 via checked.be.