Enplus: 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.
Enplus
Largest movements
- Stocks and contracts +€282,456
up €282,456 (+3,679%), from €7,677 to €290,133
of which Contracts in progress: +€281,206
- Cash -€99,533
down €99,533 (-78.4%), from €126,943 to €27,411
mainly Stocks and contracts (-€282,456) and Net result for the year (-€138,230)
- Current portion of long-term debt +€366,130
up €366,130 (+3,710%), from €9,870 to €376,000
- Reserves -€138,230
down €138,230 (-82.8%), from €167,015 to €28,785
of which Distributable reserves: -€138,230
- Other debts -€50,863
down €50,863 (-93.8%), from €54,247 to €3,384
- Trade debts +€10,991
up €10,991 (+30.1%), from €36,515 to €47,507
- Debts after one year -€9,249
down €9,249 (-9.0%), from €103,297 to €94,048
- Gross operating margin -€209,264
down €209,264, from €104,787 to -€104,478
- Financial charges -€19,826
down €19,826 (-61.5%), from €32,228 to €12,401
- Taxes -€10,775
down €10,775 (-96.6%), from €11,160 to €384
- Other operating charges +€6,455
up €6,455 (+228%), from €2,827 to €9,283
- Financial income +€1,113
up €1,113 (+206,081%), from €1 to €1,113
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 | €577,503 | €760,777 | +€183,274 | +31.7% |
| Fixed assets | 21/28 | €219,099 | €217,859 | -€1,240 | -0.6% |
| Tangible fixed assets | 22/27 | €219,099 | €217,859 | -€1,240 | -0.6% |
| Land and buildings | 22 | €216,003 | €205,493 | -€10,510 | -4.9% |
| Furniture and vehicles | 24 | €3,096 | €12,367 | +€9,270 | +299% |
| Current assets | 29/58 | €358,404 | €542,918 | +€184,514 | +51.5% |
| Stocks and contracts in progress | 3 | €7,677 | €290,133 | +€282,456 | +3,679% |
| Stocks | 30/36 | €7,677 | €8,927 | +€1,250 | +16.3% |
| Contracts in progress | 37 | - | €281,206 | +€281,206 | |
| Amounts receivable within one year | 40/41 | €223,784 | €225,374 | +€1,590 | +0.7% |
| Trade receivables | 40 | €26,576 | €19,341 | -€7,235 | -27.2% |
| Other amounts receivable | 41 | €197,207 | €206,032 | +€8,825 | +4.5% |
| Cash at bank and in hand | 54/58 | €126,943 | €27,411 | -€99,533 | -78.4% |
| Total equity and liabilities | 10/49 | €577,503 | €760,777 | +€183,274 | +31.7% |
| Equity | 10/15 | €197,015 | €58,785 | -€138,230 | -70.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €167,015 | €28,785 | -€138,230 | -82.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €164,015 | €25,785 | -€138,230 | -84.3% |
| Amounts payable | 17/49 | €380,488 | €701,992 | +€321,504 | +84.5% |
| Amounts payable after more than one year | 17 | €103,297 | €94,048 | -€9,249 | -9.0% |
| Financial debts | 170/4 | €103,297 | €94,048 | -€9,249 | -9.0% |
| Amounts payable within one year | 42/48 | €276,691 | €607,944 | +€331,254 | +120% |
| Current portion of amounts payable after more than one year | 42 | €9,870 | €376,000 | +€366,130 | +3,710% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €36,515 | €47,507 | +€10,991 | +30.1% |
| Suppliers | 440/4 | €36,515 | €47,507 | +€10,991 | +30.1% |
| Taxes, remuneration and social security | 45 | €26,059 | €31,054 | +€4,995 | +19.2% |
| Taxes | 450/3 | €552 | €430 | -€122 | -22.2% |
| Remuneration and social security | 454/9 | €25,506 | €30,624 | +€5,117 | +20.1% |
| Other amounts payable | 47/48 | €54,247 | €3,384 | -€50,863 | -93.8% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €12,798 | +€231 | +1.8% |
| Other operating charges | 640/8 | €2,827 | €9,283 | +€6,455 | +228% |
| Gross operating margin | 9900 | €104,787 | -€104,478 | -€209,264 | |
| Operating profit (loss) | 9901 | €89,393 | -€126,558 | -€215,951 | |
| Financial income | 75/76B | €1 | €1,113 | +€1,113 | +206,081% |
| Recurring financial income | 75 | €1 | €1,113 | +€1,113 | +206,081% |
| Financial charges | 65/66B | €32,228 | €12,401 | -€19,826 | -61.5% |
| Recurring financial charges | 65 | €32,228 | €12,401 | -€19,826 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €57,166 | -€137,846 | -€195,012 | |
| Income taxes | 67/77 | €11,160 | €384 | -€10,775 | -96.6% |
| Profit (loss) for the period | 9904 | €46,006 | -€138,230 | -€184,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,006 | -€138,230 | -€184,237 |
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.