ENRAF-NONIUS BELUX: what changed
ENRAF-NONIUS BELUX
Largest movements
- Receivables within one year -€38,885
down €38,885 (-54.8%), from €70,953 to €32,068
of which Trade receivables: -€39,513
- Cash +€22,295
up €22,295 (+364%), from €6,120 to €28,416
mainly Other debts (+€70,000) and Receivables within one year (+€38,885)
- Stocks and contracts -€10,720
down €10,720 (-27.8%), from €38,588 to €27,868
- Tangible fixed assets +€3,262
up €3,262 (+43.3%), from €7,540 to €10,802
- Other debts +€70,000
up €70,000 (+333%), from €21,011 to €91,011
- Trade debts -€52,767
down €52,767 (-76.5%), from €68,950 to €16,183
- Profit (loss) carried forward -€48,185
down €48,185 (-176%), from -€27,316 to -€75,501
- Tax, wage and social debts +€6,905
up €6,905 (+17.0%), from €40,556 to €47,461
of which Taxes: +€6,197
- Staff costs +€63,973
up €63,973 (+30.6%), from €209,123 to €273,095
- Gross operating margin +€47,765
up €47,765 (+26.5%), from €180,314 to €228,078
- Financial income +€2,971
up €2,971 (+2,455%), from €121 to €3,092
- Depreciation +€2,711
up €2,711 (+115%), from €2,365 to €5,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,201 | €99,154 | -€24,047 | -19.5% |
| Fixed assets | 21/28 | €7,540 | €10,802 | +€3,262 | +43.3% |
| Tangible fixed assets | 22/27 | €7,540 | €10,802 | +€3,262 | +43.3% |
| Furniture and vehicles | 24 | €7,540 | €10,802 | +€3,262 | +43.3% |
| Current assets | 29/58 | €115,661 | €88,352 | -€27,309 | -23.6% |
| Stocks and contracts in progress | 3 | €38,588 | €27,868 | -€10,720 | -27.8% |
| Stocks | 30/36 | €38,588 | €27,868 | -€10,720 | -27.8% |
| Amounts receivable within one year | 40/41 | €70,953 | €32,068 | -€38,885 | -54.8% |
| Trade receivables | 40 | €70,114 | €30,601 | -€39,513 | -56.4% |
| Other amounts receivable | 41 | €839 | €1,467 | +€629 | +74.9% |
| Cash at bank and in hand | 54/58 | €6,120 | €28,416 | +€22,295 | +364% |
| Total equity and liabilities | 10/49 | €123,201 | €99,154 | -€24,047 | -19.5% |
| Equity | 10/15 | -€7,316 | -€55,501 | -€48,185 | -659% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,316 | -€75,501 | -€48,185 | -176% |
| Amounts payable | 17/49 | €130,517 | €154,655 | +€24,138 | +18.5% |
| Amounts payable within one year | 42/48 | €130,517 | €154,655 | +€24,138 | +18.5% |
| Trade debts | 44 | €68,950 | €16,183 | -€52,767 | -76.5% |
| Suppliers | 440/4 | €68,950 | €16,183 | -€52,767 | -76.5% |
| Taxes, remuneration and social security | 45 | €40,556 | €47,461 | +€6,905 | +17.0% |
| Taxes | 450/3 | €14,460 | €20,657 | +€6,197 | +42.9% |
| Remuneration and social security | 454/9 | €26,096 | €26,804 | +€708 | +2.7% |
| Other amounts payable | 47/48 | €21,011 | €91,011 | +€70,000 | +333% |
| Remuneration, social security and pensions | 62 | €209,123 | €273,095 | +€63,973 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,365 | €5,076 | +€2,711 | +115% |
| Other operating charges | 640/8 | €45 | €682 | +€637 | +1,428% |
| Gross operating margin | 9900 | €180,314 | €228,078 | +€47,765 | +26.5% |
| Operating profit (loss) | 9901 | -€31,219 | -€50,775 | -€19,556 | -62.6% |
| Financial income | 75/76B | €121 | €3,092 | +€2,971 | +2,455% |
| Recurring financial income | 75 | €121 | €3,092 | +€2,971 | +2,455% |
| Financial charges | 65/66B | €313 | €130 | -€183 | -58.5% |
| Recurring financial charges | 65 | €313 | €130 | -€183 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,411 | -€47,813 | -€16,402 | -52.2% |
| Income taxes | 67/77 | €270 | €372 | +€102 | +38.0% |
| Profit (loss) for the period | 9904 | -€31,680 | -€48,185 | -€16,505 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,680 | -€48,185 | -€16,505 | -52.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.