ENROC: 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.
ENROC
Largest movements
- Cash +€21,735
up €21,735 (+66.0%), from €32,949 to €54,684
mainly Net result for the year (+€50,960) and Depreciation (+€38,453)
- Tangible fixed assets -€19,132
down €19,132 (-6.1%), from €315,490 to €296,358
of which Land and buildings: -€27,944
- Reserves +€50,000
up €50,000 (+40.0%), from €125,000 to €175,000
- Debts after one year -€32,478
down €32,478 (-25.4%), from €128,113 to €95,635
- Profit (loss) carried forward -€19,040
down €19,040 (-98.3%), from €19,375 to €334
- Other debts +€7,361
up €7,361 (+2047.4%), from €360 to €7,721
- Accrued charges and deferred income -€4,581
down €4,581 (-13.9%), from €32,965 to €28,384
- Gross operating margin +€31,149
up €31,149 (+48.0%), from €64,946 to €96,095
- Depreciation -€6,899
down €6,899 (-15.2%), from €45,352 to €38,453
- Other operating charges -€1,169
down €1,169 (-17.1%), from €6,821 to €5,652
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 | €361,541 | €363,253 | +€1,712 | +0.5% |
| Fixed assets | 21/28 | €318,090 | €298,958 | -€19,132 | -6.0% |
| Tangible fixed assets | 22/27 | €315,490 | €296,358 | -€19,132 | -6.1% |
| Land and buildings | 22 | €296,462 | €268,517 | -€27,944 | -9.4% |
| Furniture and vehicles | 24 | €19,029 | €27,841 | +€8,812 | +46.3% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €43,451 | €64,295 | +€20,844 | +48.0% |
| Amounts receivable within one year | 40/41 | €8,590 | €7,693 | -€897 | -10.4% |
| Trade receivables | 40 | €4,235 | €3,509 | -€726 | -17.1% |
| Other amounts receivable | 41 | €4,355 | €4,184 | -€171 | -3.9% |
| Cash at bank and in hand | 54/58 | €32,949 | €54,684 | +€21,735 | +66.0% |
| Deferred charges and accrued income | 490/1 | €1,912 | €1,917 | +€6 | +0.3% |
| Total equity and liabilities | 10/49 | €361,541 | €363,253 | +€1,712 | +0.5% |
| Equity | 10/15 | €164,835 | €195,794 | +€30,960 | +18.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €125,000 | €175,000 | +€50,000 | +40.0% |
| Distributable reserves | 133 | €125,000 | €175,000 | +€50,000 | +40.0% |
| Profit (loss) carried forward | 14 | €19,375 | €334 | -€19,040 | -98.3% |
| Amounts payable | 17/49 | €196,707 | €167,459 | -€29,248 | -14.9% |
| Amounts payable after more than one year | 17 | €128,113 | €95,635 | -€32,478 | -25.4% |
| Financial debts | 170/4 | €128,113 | €95,635 | -€32,478 | -25.4% |
| Amounts payable within one year | 42/48 | €35,629 | €43,440 | +€7,811 | +21.9% |
| Financial debts | 43 | €32,257 | €32,478 | +€221 | +0.7% |
| Credit institutions | 430/8 | €32,257 | €32,478 | +€221 | +0.7% |
| Trade debts | 44 | - | €75 | +€75 | |
| Suppliers | 440/4 | - | €75 | +€75 | |
| Taxes, remuneration and social security | 45 | €3,012 | €3,166 | +€154 | +5.1% |
| Taxes | 450/3 | €3,012 | €2,466 | -€546 | -18.1% |
| Remuneration and social security | 454/9 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €360 | €7,721 | +€7,361 | +2047.4% |
| Accrued charges and deferred income | 492/3 | €32,965 | €28,384 | -€4,581 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,352 | €38,453 | -€6,899 | -15.2% |
| Other operating charges | 640/8 | €6,821 | €5,652 | -€1,169 | -17.1% |
| Gross operating margin | 9900 | €64,946 | €96,095 | +€31,149 | +48.0% |
| Operating profit (loss) | 9901 | €12,774 | €51,990 | +€39,217 | +307.0% |
| Financial charges | 65/66B | €1,015 | €860 | -€156 | -15.3% |
| Recurring financial charges | 65 | €1,015 | €860 | -€156 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €11,758 | €51,131 | +€39,372 | +334.8% |
| Income taxes | 67/77 | €145 | €171 | +€26 | +17.9% |
| Profit (loss) for the period | 9904 | €11,614 | €50,960 | +€39,346 | +338.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,614 | €50,960 | +€39,346 | +338.8% |
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 5 October 2026 via checked.be.