ENSA: 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.
ENSA
Largest movements
- Stocks and contracts -€286,346
down €286,346 (-12.5%), from €2.3m to €2.0m
- Cash -€56,504
down €56,504 (-43.2%), from €130,796 to €74,293
mainly Short-term financial debts (-€784,584) and Other debts (-€213,100)
- Receivables within one year +€34,180
up €34,180 (+82.6%), from €41,405 to €75,586
of which Trade receivables: +€41,378
- Short-term financial debts -€784,584
down €784,584 (-91.2%), from €860,114 to €75,530
- Trade debts +€715,101
up €715,101 (+1514.0%), from €47,234 to €762,335
- Other debts -€213,100
down €213,100 (-11.9%), from €1.8m to €1.6m
- Profit (loss) carried forward -€26,088
down €26,088 (-6.3%), from -€411,123 to -€437,211
- Turnover +€1.5m
new in 2025: €1.5m
- Goods and materials +€1.5m
new in 2025: €1.5m
of which Change in stocks: decrease (increase): +€1.6m
- Financial charges +€17,388
up €17,388 (+243.8%), from €7,131 to €24,518
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 | €2,463,071 | €2,154,402 | -€308,669 | -12.5% |
| Current assets | 29/58 | €2,463,071 | €2,154,402 | -€308,669 | -12.5% |
| Stocks and contracts in progress | 3 | €2,290,870 | €2,004,524 | -€286,346 | -12.5% |
| Stocks | 30/36 | €2,290,870 | €2,004,524 | -€286,346 | -12.5% |
| Raw materials and consumables | 30/31 | €2,290,870 | - | -€2.3m | |
| Property held for sale | 35 | - | €2,004,524 | +€2.0m | |
| Amounts receivable within one year | 40/41 | €41,405 | €75,586 | +€34,180 | +82.6% |
| Trade receivables | 40 | €28,576 | €69,954 | +€41,378 | +144.8% |
| Other amounts receivable | 41 | €12,829 | €5,631 | -€7,197 | -56.1% |
| Cash at bank and in hand | 54/58 | €130,796 | €74,293 | -€56,504 | -43.2% |
| Total equity and liabilities | 10/49 | €2,463,071 | €2,154,402 | -€308,669 | -12.5% |
| Equity | 10/15 | -€240,663 | -€266,751 | -€26,088 | -10.8% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€411,123 | -€437,211 | -€26,088 | -6.3% |
| Amounts payable | 17/49 | €2,703,734 | €2,421,153 | -€282,582 | -10.5% |
| Amounts payable within one year | 42/48 | €2,703,734 | €2,421,153 | -€282,582 | -10.5% |
| Financial debts | 43 | €860,114 | €75,530 | -€784,584 | -91.2% |
| Credit institutions | 430/8 | €860,114 | €75,530 | -€784,584 | -91.2% |
| Trade debts | 44 | €47,234 | €762,335 | +€715,101 | +1514.0% |
| Suppliers | 440/4 | €47,234 | €762,335 | +€715,101 | +1514.0% |
| Other amounts payable | 47/48 | €1,796,387 | €1,583,287 | -€213,100 | -11.9% |
| Operating income | 70/76A | - | €1,466,958 | +€1.5m | |
| Turnover | 70 | - | €1,466,958 | +€1.5m | |
| Operating charges | 60/66A | €1,969 | €1,468,527 | +€1.5m | +74490.4% |
| Goods for resale, raw materials and consumables | 60 | - | €1,466,958 | +€1.5m | |
| Purchases | 600/8 | €1,285,479 | €1,180,612 | -€104,867 | -8.2% |
| Change in stocks: decrease (increase) | 609 | -€1,285,479 | €286,346 | +€1.6m | |
| Services and other goods | 61 | €1,719 | €1,120 | -€599 | -34.9% |
| Other operating charges | 640/8 | €250 | €449 | +€200 | +80.0% |
| Operating profit (loss) | 9901 | -€1,969 | -€1,569 | +€400 | +20.3% |
| Financial charges | 65/66B | €7,131 | €24,518 | +€17,388 | +243.8% |
| Recurring financial charges | 65 | €7,131 | €24,518 | +€17,388 | +243.8% |
| Debt charges | 650 | €6,372 | €23,494 | +€17,121 | +268.7% |
| Other financial charges | 652/9 | €759 | €1,025 | +€266 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,100 | -€26,088 | -€16,988 | -186.7% |
| Profit (loss) for the period | 9904 | -€9,100 | -€26,088 | -€16,988 | -186.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,100 | -€26,088 | -€16,988 | -186.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.