ENSOO: 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.
ENSOO
Largest movements
- Receivables within one year -€125,622
down €125,622 (-52.9%), from €237,506 to €111,884
of which Other amounts receivable: -€118,059
- Cash +€24,221
up €24,221 (+116.5%), from €20,795 to €45,016
mainly Receivables within one year (+€125,622) and Net result for the year (+€50,434)
- Financial fixed assets -€12,400
down €12,400 (-100.0%), from €12,400 to €0
- Tangible fixed assets -€6,584
down €6,584 (-36.8%), from €17,888 to €11,304
of which Plant, machinery and equipment: -€3,403
- Other debts -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Reserves -€24,566
down €24,566 (-18.4%), from €133,474 to €108,907
- Current portion of long-term debt -€15,056
down €15,056 (-54.4%), from €27,659 to €12,603
- Accrued charges and deferred income +€14,348
new in 2025: €14,348
- Debts after one year -€10,551
down €10,551 (-100.0%), from €10,551 to €0
- Gross operating margin -€74,378
down €74,378 (-59.7%), from €124,639 to €50,262
- Financial income +€23,429
up €23,429 (+23428510.0%), from €0 to €23,429
of which Non-recurring financial income: +€22,678
- Taxes +€7,788
up €7,788 (+111.1%), from €7,008 to €14,796
- Other operating charges -€3,957
down €3,957 (-80.0%), from €4,944 to €987
- Depreciation -€2,174
down €2,174 (-24.8%), from €8,758 to €6,584
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 | €289,246 | €168,866 | -€120,381 | -41.6% |
| Fixed assets | 21/28 | €30,288 | €11,304 | -€18,984 | -62.7% |
| Tangible fixed assets | 22/27 | €17,888 | €11,304 | -€6,584 | -36.8% |
| Plant, machinery and equipment | 23 | €10,774 | €7,371 | -€3,403 | -31.6% |
| Furniture and vehicles | 24 | €4,690 | €3,933 | -€757 | -16.1% |
| Other tangible fixed assets | 26 | €2,424 | €0 | -€2,424 | -100.0% |
| Financial fixed assets | 28 | €12,400 | €0 | -€12,400 | -100.0% |
| Current assets | 29/58 | €258,958 | €157,562 | -€101,397 | -39.2% |
| Amounts receivable within one year | 40/41 | €237,506 | €111,884 | -€125,622 | -52.9% |
| Trade receivables | 40 | €10,588 | €3,025 | -€7,563 | -71.4% |
| Other amounts receivable | 41 | €226,918 | €108,859 | -€118,059 | -52.0% |
| Cash at bank and in hand | 54/58 | €20,795 | €45,016 | +€24,221 | +116.5% |
| Deferred charges and accrued income | 490/1 | €658 | €662 | +€4 | +0.7% |
| Total equity and liabilities | 10/49 | €289,246 | €168,866 | -€120,381 | -41.6% |
| Equity | 10/15 | €152,074 | €127,507 | -€24,566 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,474 | €108,907 | -€24,566 | -18.4% |
| Distributable reserves | 133 | €133,474 | €108,907 | -€24,566 | -18.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €137,172 | €41,358 | -€95,814 | -69.8% |
| Amounts payable after more than one year | 17 | €10,551 | €0 | -€10,551 | -100.0% |
| Financial debts | 170/4 | €10,551 | €0 | -€10,551 | -100.0% |
| Amounts payable within one year | 42/48 | €126,622 | €27,010 | -€99,612 | -78.7% |
| Current portion of amounts payable after more than one year | 42 | €27,659 | €12,603 | -€15,056 | -54.4% |
| Trade debts | 44 | €13,002 | €5,275 | -€7,727 | -59.4% |
| Suppliers | 440/4 | €13,002 | €5,275 | -€7,727 | -59.4% |
| Taxes, remuneration and social security | 45 | €5,961 | €9,132 | +€3,171 | +53.2% |
| Taxes | 450/3 | €5,961 | €4,725 | -€1,236 | -20.7% |
| Remuneration and social security | 454/9 | - | €4,407 | +€4,407 | |
| Other amounts payable | 47/48 | €80,000 | €0 | -€80,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €14,348 | +€14,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,758 | €6,584 | -€2,174 | -24.8% |
| Other operating charges | 640/8 | €4,944 | €987 | -€3,957 | -80.0% |
| Gross operating margin | 9900 | €124,639 | €50,262 | -€74,378 | -59.7% |
| Operating profit (loss) | 9901 | €110,937 | €42,690 | -€68,247 | -61.5% |
| Financial income | 75/76B | €0 | €23,429 | +€23,429 | +23428510.0% |
| Recurring financial income | 75 | €0 | €751 | +€751 | +750510.0% |
| Non-recurring financial income | 76B | - | €22,678 | +€22,678 | |
| Financial charges | 65/66B | €1,400 | €889 | -€511 | -36.5% |
| Recurring financial charges | 65 | €1,400 | €889 | -€511 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €109,538 | €65,230 | -€44,308 | -40.4% |
| Income taxes | 67/77 | €7,008 | €14,796 | +€7,788 | +111.1% |
| Profit (loss) for the period | 9904 | €102,529 | €50,434 | -€52,096 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,529 | €50,434 | -€52,096 | -50.8% |
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.