ENPERAS: what changed
Two fiscal 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.
ENPERAS
Largest movements
- Receivables within one year -€41,842
down €41,842 (-29.0%), from €144,155 to €102,313
of which Trade receivables: -€43,223
- Financial fixed assets -€8,338
down €8,338 (-100.0%), from €8,338 to €0
- Intangible fixed assets +€6,718
up €6,718 (+1.8%), from €382,694 to €389,412
- Accrued charges and deferred income +€184,853
up €184,853 (+199.9%), from €92,492 to €277,345
- Profit (loss) carried forward -€136,051
down €136,051 (-15.4%), from -€881,368 to -€1.0m
- Debts after one year -€50,000
down €50,000 (-24.5%), from €204,167 to €154,167
- Current portion of long-term debt -€44,693
down €44,693 (-46.6%), from €95,833 to €51,141
- Tax, wage and social debts -€26,573
down €26,573 (-44.7%), from €59,477 to €32,903
of which Remuneration and social security: -€29,980
- Gross operating margin +€61,535
up €61,535 (+29.6%), from €208,112 to €269,648
- Depreciation +€21,986
up €21,986 (+16.4%), from €133,895 to €155,881
- Staff costs -€19,102
down €19,102 (-7.6%), from €251,766 to €232,664
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 | €607,097 | €558,156 | -€48,942 | -8.1% |
| Fixed assets | 21/28 | €393,586 | €390,769 | -€2,817 | -0.7% |
| Intangible fixed assets | 21 | €382,694 | €389,412 | +€6,718 | +1.8% |
| Tangible fixed assets | 22/27 | €2,554 | €1,356 | -€1,197 | -46.9% |
| Plant, machinery and equipment | 23 | €2,554 | €1,356 | -€1,197 | -46.9% |
| Financial fixed assets | 28 | €8,338 | €0 | -€8,338 | -100.0% |
| Current assets | 29/58 | €213,511 | €167,387 | -€46,124 | -21.6% |
| Amounts receivable within one year | 40/41 | €144,155 | €102,313 | -€41,842 | -29.0% |
| Trade receivables | 40 | €144,155 | €100,932 | -€43,223 | -30.0% |
| Other amounts receivable | 41 | €0 | €1,382 | +€1,382 | |
| Cash at bank and in hand | 54/58 | €48,840 | €49,707 | +€867 | +1.8% |
| Deferred charges and accrued income | 490/1 | €20,516 | €15,367 | -€5,149 | -25.1% |
| Total equity and liabilities | 10/49 | €607,097 | €558,156 | -€48,942 | -8.1% |
| Equity | 10/15 | €72,332 | -€63,719 | -€136,051 | |
| Contributions | 10/11 | €953,700 | €953,700 | = | 0.0% |
| Capital | 10 | €953,700 | €953,700 | = | 0.0% |
| Issued capital | 100 | €953,700 | €953,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€881,368 | -€1,017,419 | -€136,051 | -15.4% |
| Amounts payable | 17/49 | €534,765 | €621,874 | +€87,109 | +16.3% |
| Amounts payable after more than one year | 17 | €204,167 | €154,167 | -€50,000 | -24.5% |
| Financial debts | 170/4 | €204,167 | €154,167 | -€50,000 | -24.5% |
| Amounts payable within one year | 42/48 | €238,107 | €190,363 | -€47,744 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €95,833 | €51,141 | -€44,693 | -46.6% |
| Trade debts | 44 | €82,797 | €106,141 | +€23,345 | +28.2% |
| Suppliers | 440/4 | €82,797 | €106,141 | +€23,345 | +28.2% |
| Taxes, remuneration and social security | 45 | €59,477 | €32,903 | -€26,573 | -44.7% |
| Taxes | 450/3 | €18,602 | €22,008 | +€3,406 | +18.3% |
| Remuneration and social security | 454/9 | €40,875 | €10,895 | -€29,980 | -73.3% |
| Other amounts payable | 47/48 | - | €178 | +€178 | |
| Accrued charges and deferred income | 492/3 | €92,492 | €277,345 | +€184,853 | +199.9% |
| Remuneration, social security and pensions | 62 | €251,766 | €232,664 | -€19,102 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,895 | €155,881 | +€21,986 | +16.4% |
| Other operating charges | 640/8 | €1,722 | €2,298 | +€576 | +33.4% |
| Gross operating margin | 9900 | €208,112 | €269,648 | +€61,535 | +29.6% |
| Operating profit (loss) | 9901 | -€179,271 | -€121,196 | +€58,075 | +32.4% |
| Financial income | 75/76B | €146 | €0 | -€146 | -100.0% |
| Recurring financial income | 75 | €146 | €0 | -€146 | -100.0% |
| Financial charges | 65/66B | €13,918 | €14,855 | +€937 | +6.7% |
| Recurring financial charges | 65 | €13,918 | €14,855 | +€937 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€193,043 | -€136,051 | +€56,992 | +29.5% |
| Profit (loss) for the period | 9904 | -€193,043 | -€136,051 | +€56,992 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,043 | -€136,051 | +€56,992 | +29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.