ENOWENN: 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.
ENOWENN
Largest movements
- Receivables within one year +€28,870
up €28,870 (+50.9%), from €56,734 to €85,605
of which Trade receivables: +€25,885
- Short-term financial debts -€395,026
down €395,026 (-97.9%), from €403,383 to €8,356
of which Other loans: -€400,000
- Reserves +€387,182
up €387,182 (+20,816%), from €1,860 to €389,042
of which Distributable reserves: +€387,182
- Other debts +€77,908
up €77,908 (+29,074%), from €268 to €78,175
- Debts after one year -€62,384
down €62,384 (-8.6%), from €724,633 to €662,248
- Financial income +€399,504
up €399,504 (+72,913%), from €548 to €400,052
- Financial charges +€28,404
up €28,404 (+519%), from €5,468 to €33,873
- Gross operating margin +€5,739
up €5,739 (+27.6%), from €20,828 to €26,567
- Taxes -€3,189
down €3,189 (-94.2%), from €3,385 to €196
- Depreciation -€1,462
down €1,462 (-28.6%), from €5,116 to €3,654
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 | €1,307,857 | €1,323,165 | +€15,308 | +1.2% |
| Fixed assets | 21/28 | €1,212,874 | €1,208,919 | -€3,954 | -0.3% |
| Tangible fixed assets | 22/27 | €12,475 | €8,820 | -€3,654 | -29.3% |
| Plant, machinery and equipment | 23 | €7,047 | €5,268 | -€1,779 | -25.2% |
| Furniture and vehicles | 24 | €5,428 | €3,552 | -€1,876 | -34.6% |
| Financial fixed assets | 28 | €1,200,399 | €1,200,099 | -€300 | 0.0% |
| Current assets | 29/58 | €94,983 | €114,246 | +€19,263 | +20.3% |
| Amounts receivable within one year | 40/41 | €56,734 | €85,605 | +€28,870 | +50.9% |
| Trade receivables | 40 | €49,870 | €75,755 | +€25,885 | +51.9% |
| Other amounts receivable | 41 | €6,864 | €9,850 | +€2,985 | +43.5% |
| Cash at bank and in hand | 54/58 | €38,249 | €28,447 | -€9,802 | -25.6% |
| Deferred charges and accrued income | 490/1 | - | €195 | +€195 | |
| Total equity and liabilities | 10/49 | €1,307,857 | €1,323,165 | +€15,308 | +1.2% |
| Equity | 10/15 | €100,411 | €487,593 | +€387,182 | +386% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €389,042 | +€387,182 | +20,816% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €389,042 | +€387,182 | +20,816% |
| Profit (loss) carried forward | 14 | €79,951 | €79,951 | = | 0.0% |
| Amounts payable | 17/49 | €1,207,446 | €835,572 | -€371,874 | -30.8% |
| Amounts payable after more than one year | 17 | €724,633 | €662,248 | -€62,384 | -8.6% |
| Financial debts | 170/4 | €724,633 | €662,248 | -€62,384 | -8.6% |
| Amounts payable within one year | 42/48 | €481,754 | €173,324 | -€308,430 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €71,589 | €74,316 | +€2,728 | +3.8% |
| Financial debts | 43 | €403,383 | €8,356 | -€395,026 | -97.9% |
| Credit institutions | 430/8 | €3,383 | €8,356 | +€4,974 | +147% |
| Other loans | 439 | €400,000 | €0 | -€400,000 | -100% |
| Trade debts | 44 | €2,376 | €6,651 | +€4,275 | +180% |
| Suppliers | 440/4 | €2,376 | €6,651 | +€4,275 | +180% |
| Taxes, remuneration and social security | 45 | €4,138 | €5,825 | +€1,687 | +40.8% |
| Taxes | 450/3 | €4,138 | €5,825 | +€1,687 | +40.8% |
| Other amounts payable | 47/48 | €268 | €78,175 | +€77,908 | +29,074% |
| Accrued charges and deferred income | 492/3 | €1,060 | €0 | -€1,060 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,116 | €3,654 | -€1,462 | -28.6% |
| Other operating charges | 640/8 | €132 | €48 | -€85 | -64.0% |
| Gross operating margin | 9900 | €20,828 | €26,567 | +€5,739 | +27.6% |
| Operating profit (loss) | 9901 | €15,579 | €22,865 | +€7,285 | +46.8% |
| Financial income | 75/76B | €548 | €400,052 | +€399,504 | +72,913% |
| Recurring financial income | 75 | €548 | €400,052 | +€399,504 | +72,913% |
| Financial charges | 65/66B | €5,468 | €33,873 | +€28,404 | +519% |
| Recurring financial charges | 65 | €5,468 | €33,873 | +€28,404 | +519% |
| Profit (loss) for the period before taxes | 9903 | €10,659 | €389,044 | +€378,385 | +3,550% |
| Income taxes | 67/77 | €3,385 | €196 | -€3,189 | -94.2% |
| Profit (loss) for the period | 9904 | €7,274 | €388,848 | +€381,574 | +5,246% |
| Profit (loss) for the period to be appropriated | 9905 | €7,274 | €388,848 | +€381,574 | +5,246% |
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 28 October 2026 via checked.be.