Enunda: 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.
Enunda
Largest movements
- Tangible fixed assets +€213,599
up €213,599 (+227.7%), from €93,807 to €307,406
of which Assets under construction and advance payments: +€114,711
- Receivables within one year +€62,835
up €62,835 (+180.8%), from €34,756 to €97,592
of which Trade receivables: +€62,835
- Current investments +€23,457
up €23,457 (+13.9%), from €168,988 to €192,445
- Debts after one year +€193,461
new in 2025: €193,461
- Profit (loss) carried forward +€69,893
up €69,893 (+39.7%), from €176,238 to €246,130
- Current portion of long-term debt +€18,513
new in 2025: €18,513
- Other debts +€11,570
up €11,570 (+8.9%), from €130,338 to €141,907
- Tax, wage and social debts +€10,404
up €10,404 (+71.5%), from €14,542 to €24,946
of which Remuneration and social security: +€9,372
- Gross operating margin +€70,389
up €70,389 (+24.1%), from €291,629 to €362,018
- Depreciation +€32,813
up €32,813 (+188.5%), from €17,404 to €50,217
- Other operating charges +€10,467
up €10,467 (+888.6%), from €1,178 to €11,645
- Financial charges +€7,404
up €7,404 (+394.0%), from €1,879 to €9,283
- Taxes +€6,721
up €6,721 (+13.8%), from €48,872 to €55,592
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 | €353,737 | €654,503 | +€300,766 | +85.0% |
| Fixed assets | 21/28 | €98,659 | €311,190 | +€212,531 | +215.4% |
| Intangible fixed assets | 21 | €4,852 | €3,784 | -€1,068 | -22.0% |
| Tangible fixed assets | 22/27 | €93,807 | €307,406 | +€213,599 | +227.7% |
| Land and buildings | 22 | - | €110,682 | +€110,682 | |
| Plant, machinery and equipment | 23 | €4,229 | €5,314 | +€1,085 | +25.7% |
| Furniture and vehicles | 24 | €1,748 | €1,094 | -€654 | -37.4% |
| Other tangible fixed assets | 26 | €87,831 | €75,605 | -€12,226 | -13.9% |
| Assets under construction and advance payments | 27 | - | €114,711 | +€114,711 | |
| Current assets | 29/58 | €255,079 | €343,313 | +€88,235 | +34.6% |
| Amounts receivable within one year | 40/41 | €34,756 | €97,592 | +€62,835 | +180.8% |
| Trade receivables | 40 | €34,704 | €97,540 | +€62,835 | +181.1% |
| Other amounts receivable | 41 | €52 | €52 | = | 0.0% |
| Current investments | 50/53 | €168,988 | €192,445 | +€23,457 | +13.9% |
| Cash at bank and in hand | 54/58 | €45,255 | €51,240 | +€5,985 | +13.2% |
| Deferred charges and accrued income | 490/1 | €6,080 | €2,037 | -€4,043 | -66.5% |
| Total equity and liabilities | 10/49 | €353,737 | €654,503 | +€300,766 | +85.0% |
| Equity | 10/15 | €194,788 | €264,680 | +€69,893 | +35.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,238 | €246,130 | +€69,893 | +39.7% |
| Amounts payable | 17/49 | €158,950 | €389,823 | +€230,873 | +145.2% |
| Amounts payable after more than one year | 17 | - | €193,461 | +€193,461 | |
| Financial debts | 170/4 | - | €193,461 | +€193,461 | |
| Amounts payable within one year | 42/48 | €157,148 | €191,373 | +€34,225 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,513 | +€18,513 | |
| Trade debts | 44 | €12,268 | €6,006 | -€6,262 | -51.0% |
| Suppliers | 440/4 | €12,268 | €6,006 | -€6,262 | -51.0% |
| Taxes, remuneration and social security | 45 | €14,542 | €24,946 | +€10,404 | +71.5% |
| Taxes | 450/3 | €11,920 | €12,952 | +€1,032 | +8.7% |
| Remuneration and social security | 454/9 | €2,623 | €11,995 | +€9,372 | +357.4% |
| Other amounts payable | 47/48 | €130,338 | €141,907 | +€11,570 | +8.9% |
| Accrued charges and deferred income | 492/3 | €1,802 | €4,989 | +€3,187 | +176.9% |
| Remuneration, social security and pensions | 62 | €66,062 | €67,243 | +€1,182 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,404 | €50,217 | +€32,813 | +188.5% |
| Other operating charges | 640/8 | €1,178 | €11,645 | +€10,467 | +888.6% |
| Gross operating margin | 9900 | €291,629 | €362,018 | +€70,389 | +24.1% |
| Operating profit (loss) | 9901 | €206,985 | €232,912 | +€25,927 | +12.5% |
| Financial income | 75/76B | €2,026 | €1,856 | -€170 | -8.4% |
| Recurring financial income | 75 | €2,026 | €1,856 | -€170 | -8.4% |
| Financial charges | 65/66B | €1,879 | €9,283 | +€7,404 | +394.0% |
| Recurring financial charges | 65 | €1,879 | €9,283 | +€7,404 | +394.0% |
| Profit (loss) for the period before taxes | 9903 | €207,131 | €225,485 | +€18,354 | +8.9% |
| Income taxes | 67/77 | €48,872 | €55,592 | +€6,721 | +13.8% |
| Profit (loss) for the period | 9904 | €158,260 | €169,893 | +€11,633 | +7.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €158,260 | €169,893 | +€11,633 | +7.4% |
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 6 October 2026 via checked.be.