ENRJ: 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.
ENRJ
Largest movements
- Receivables within one year +€12,773
up €12,773 (+9.8%), from €130,696 to €143,469
of which Trade receivables: +€24,403
- Tangible fixed assets -€9,018
down €9,018 (-43.1%), from €20,912 to €11,894
- Cash +€3,566
up €3,566 (+27.3%), from €13,061 to €16,626
mainly Net result for the year (+€37,069) and Depreciation (+€9,496)
- Profit (loss) carried forward +€37,069
up €37,069 (+41.1%), from -€90,134 to -€53,065
- Trade debts -€16,909
down €16,909 (-17.1%), from €98,640 to €81,731
- Current portion of long-term debt -€10,536
down €10,536 (-77.2%), from €13,646 to €3,110
- Other debts -€7,925
down €7,925 (-8.5%), from €92,792 to €84,866
- Tax, wage and social debts +€7,571
up €7,571 (+27.5%), from €27,564 to €35,135
- Gross operating margin +€649,946
up €649,946 (+1,023%), from €63,526 to €713,472
- Staff costs +€457,100
up €457,100 (+246%), from €185,853 to €642,953
- Depreciation -€11,669
down €11,669 (-55.1%), from €21,164 to €9,496
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 | €168,462 | €174,625 | +€6,163 | +3.7% |
| Fixed assets | 21/28 | €21,286 | €12,268 | -€9,018 | -42.4% |
| Tangible fixed assets | 22/27 | €20,912 | €11,894 | -€9,018 | -43.1% |
| Plant, machinery and equipment | 23 | €1,487 | €940 | -€547 | -36.8% |
| Furniture and vehicles | 24 | €4,872 | €4,077 | -€795 | -16.3% |
| Leasing and similar rights | 25 | €4,628 | €1,157 | -€3,471 | -75.0% |
| Other tangible fixed assets | 26 | €9,925 | €5,720 | -€4,205 | -42.4% |
| Financial fixed assets | 28 | €374 | €374 | = | 0.0% |
| Current assets | 29/58 | €147,176 | €162,358 | +€15,181 | +10.3% |
| Amounts receivable within one year | 40/41 | €130,696 | €143,469 | +€12,773 | +9.8% |
| Trade receivables | 40 | €72,233 | €96,635 | +€24,403 | +33.8% |
| Other amounts receivable | 41 | €58,463 | €46,834 | -€11,630 | -19.9% |
| Cash at bank and in hand | 54/58 | €13,061 | €16,626 | +€3,566 | +27.3% |
| Deferred charges and accrued income | 490/1 | €3,420 | €2,262 | -€1,158 | -33.8% |
| Total equity and liabilities | 10/49 | €168,462 | €174,625 | +€6,163 | +3.7% |
| Equity | 10/15 | -€67,814 | -€30,745 | +€37,069 | +54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,134 | -€53,065 | +€37,069 | +41.1% |
| Amounts payable | 17/49 | €236,276 | €205,371 | -€30,905 | -13.1% |
| Amounts payable after more than one year | 17 | €3,635 | €524 | -€3,110 | -85.6% |
| Financial debts | 170/4 | €3,635 | €524 | -€3,110 | -85.6% |
| Amounts payable within one year | 42/48 | €232,641 | €204,846 | -€27,795 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €13,646 | €3,110 | -€10,536 | -77.2% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €98,640 | €81,731 | -€16,909 | -17.1% |
| Suppliers | 440/4 | €98,640 | €81,731 | -€16,909 | -17.1% |
| Taxes, remuneration and social security | 45 | €27,564 | €35,135 | +€7,571 | +27.5% |
| Remuneration and social security | 454/9 | €27,564 | €35,135 | +€7,571 | +27.5% |
| Other amounts payable | 47/48 | €92,792 | €84,866 | -€7,925 | -8.5% |
| Non-recurring operating income | 76A | €2,084 | €145 | -€1,940 | -93.1% |
| Remuneration, social security and pensions | 62 | €185,853 | €642,953 | +€457,100 | +246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,164 | €9,496 | -€11,669 | -55.1% |
| Other operating charges | 640/8 | €2,682 | €6,440 | +€3,758 | +140% |
| Non-recurring operating charges | 66A | €9,235 | €8,121 | -€1,114 | -12.1% |
| Gross operating margin | 9900 | €63,526 | €713,472 | +€649,946 | +1,023% |
| Operating profit (loss) | 9901 | -€155,408 | €46,464 | +€201,872 | |
| Financial income | 75/76B | €144 | €0 | -€144 | -99.8% |
| Recurring financial income | 75 | €144 | €0 | -€144 | -99.8% |
| Financial charges | 65/66B | €6,137 | €9,395 | +€3,258 | +53.1% |
| Recurring financial charges | 65 | €6,137 | €9,395 | +€3,258 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | -€161,401 | €37,069 | +€198,470 | |
| Profit (loss) for the period | 9904 | -€161,401 | €37,069 | +€198,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€161,401 | €37,069 | +€198,470 |
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 27 October 2026 via checked.be.