ENRE: 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.
ENRE
Largest movements
- Cash +€188,221
up €188,221 (+79.8%), from €235,744 to €423,965
mainly Net result for the year (+€243,003) and Other debts (+€134,442)
- Current investments -€80,432
down €80,432 (-36.4%), from €221,264 to €140,832
- Receivables within one year +€62,367
up €62,367 (+251.3%), from €24,821 to €87,188
of which Trade receivables: +€59,709
- Tangible fixed assets -€27,162
down €27,162 (-56.5%), from €48,087 to €20,925
of which Furniture and vehicles: -€17,990
- Other debts +€134,442
up €134,442 (+125.0%), from €107,558 to €242,000
- Tax, wage and social debts +€7,671
up €7,671 (+64.3%), from €11,925 to €19,596
- Financial income +€107,643
up €107,643 (+9901.7%), from €1,087 to €108,730
- Gross operating margin +€24,631
up €24,631 (+12.7%), from €193,386 to €218,017
- Taxes +€11,174
up €11,174 (+25.8%), from €43,300 to €54,474
- Depreciation -€11,068
down €11,068 (-29.0%), from €38,230 to €27,162
- Other operating charges -€4,249
down €4,249 (-68.4%), from €6,216 to €1,967
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 | €529,916 | €672,911 | +€142,995 | +27.0% |
| Fixed assets | 21/28 | €48,087 | €20,925 | -€27,162 | -56.5% |
| Tangible fixed assets | 22/27 | €48,087 | €20,925 | -€27,162 | -56.5% |
| Plant, machinery and equipment | 23 | €14,973 | €5,801 | -€9,172 | -61.3% |
| Furniture and vehicles | 24 | €33,114 | €15,124 | -€17,990 | -54.3% |
| Current assets | 29/58 | €481,829 | €651,986 | +€170,157 | +35.3% |
| Amounts receivable within one year | 40/41 | €24,821 | €87,188 | +€62,367 | +251.3% |
| Trade receivables | 40 | €24,821 | €84,530 | +€59,709 | +240.6% |
| Other amounts receivable | 41 | - | €2,658 | +€2,658 | |
| Current investments | 50/53 | €221,264 | €140,832 | -€80,432 | -36.4% |
| Cash at bank and in hand | 54/58 | €235,744 | €423,965 | +€188,221 | +79.8% |
| Total equity and liabilities | 10/49 | €529,916 | €672,911 | +€142,995 | +27.0% |
| Equity | 10/15 | €410,032 | €411,035 | +€1,003 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €310,000 | €310,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32 | €1,035 | +€1,003 | +3128.6% |
| Amounts payable | 17/49 | €119,884 | €261,875 | +€141,992 | +118.4% |
| Amounts payable within one year | 42/48 | €119,884 | €261,875 | +€141,992 | +118.4% |
| Trade debts | 44 | €401 | €279 | -€122 | -30.4% |
| Suppliers | 440/4 | €401 | €279 | -€122 | -30.4% |
| Taxes, remuneration and social security | 45 | €11,925 | €19,596 | +€7,671 | +64.3% |
| Taxes | 450/3 | €11,925 | €19,596 | +€7,671 | +64.3% |
| Other amounts payable | 47/48 | €107,558 | €242,000 | +€134,442 | +125.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,230 | €27,162 | -€11,068 | -29.0% |
| Other operating charges | 640/8 | €6,216 | €1,967 | -€4,249 | -68.4% |
| Gross operating margin | 9900 | €193,386 | €218,017 | +€24,631 | +12.7% |
| Operating profit (loss) | 9901 | €148,940 | €188,888 | +€39,948 | +26.8% |
| Financial income | 75/76B | €1,087 | €108,730 | +€107,643 | +9901.7% |
| Recurring financial income | 75 | €1,087 | €108,730 | +€107,643 | +9901.7% |
| Financial charges | 65/66B | €87 | €141 | +€54 | +61.2% |
| Recurring financial charges | 65 | €87 | €141 | +€54 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €149,940 | €297,477 | +€147,537 | +98.4% |
| Income taxes | 67/77 | €43,300 | €54,474 | +€11,174 | +25.8% |
| Profit (loss) for the period | 9904 | €106,640 | €243,003 | +€136,363 | +127.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,640 | €243,003 | +€136,363 | +127.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.