ENZED: 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.
ENZED
Largest movements
- Receivables within one year +€62,944
up €62,944 (+30610.4%), from €206 to €63,150
of which Trade receivables: +€63,150
- Tangible fixed assets -€44,182
down €44,182 (-57.7%), from €76,630 to €32,448
- Cash -€1,618
down €1,618 (-4.4%), from €36,472 to €34,854
mainly Receivables within one year (-€62,944) and Contributions, distributions and other (-€18,413)
- Tax, wage and social debts +€25,934
up €25,934 (+499.6%), from €5,191 to €31,125
of which Remuneration and social security: +€20,400
- Debts after one year -€11,993
down €11,993 (-32.5%), from €36,881 to €24,888
- Other debts +€7,639
up €7,639 (+14.4%), from €52,917 to €60,556
- Trade debts -€4,771
down €4,771 (-96.1%), from €4,967 to €196
- Gross operating margin -€19,061
down €19,061 (-38.5%), from €49,540 to €30,479
- Depreciation -€18,071
down €18,071 (-92.0%), from €19,636 to €1,566
- Other operating charges -€2,262
down €2,262 (-36.6%), from €6,186 to €3,924
- Taxes +€708
up €708 (+14.8%), from €4,791 to €5,499
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 | €113,308 | €130,452 | +€17,145 | +15.1% |
| Fixed assets | 21/28 | €76,630 | €32,448 | -€44,182 | -57.7% |
| Tangible fixed assets | 22/27 | €76,630 | €32,448 | -€44,182 | -57.7% |
| Furniture and vehicles | 24 | €76,630 | €32,448 | -€44,182 | -57.7% |
| Current assets | 29/58 | €36,678 | €98,004 | +€61,326 | +167.2% |
| Amounts receivable within one year | 40/41 | €206 | €63,150 | +€62,944 | +30610.4% |
| Trade receivables | 40 | - | €63,150 | +€63,150 | |
| Other amounts receivable | 41 | €206 | - | -€206 | |
| Cash at bank and in hand | 54/58 | €36,472 | €34,854 | -€1,618 | -4.4% |
| Total equity and liabilities | 10/49 | €113,308 | €130,452 | +€17,145 | +15.1% |
| Equity | 10/15 | €1,650 | €1,650 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Amounts payable | 17/49 | €111,658 | €128,802 | +€17,145 | +15.4% |
| Amounts payable after more than one year | 17 | €36,881 | €24,888 | -€11,993 | -32.5% |
| Financial debts | 170/4 | €36,881 | €24,888 | -€11,993 | -32.5% |
| Amounts payable within one year | 42/48 | €74,776 | €103,869 | +€29,093 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €11,701 | €11,993 | +€291 | +2.5% |
| Trade debts | 44 | €4,967 | €196 | -€4,771 | -96.1% |
| Suppliers | 440/4 | €4,967 | €196 | -€4,771 | -96.1% |
| Taxes, remuneration and social security | 45 | €5,191 | €31,125 | +€25,934 | +499.6% |
| Taxes | 450/3 | €5,191 | €10,725 | +€5,534 | +106.6% |
| Remuneration and social security | 454/9 | - | €20,400 | +€20,400 | |
| Other amounts payable | 47/48 | €52,917 | €60,556 | +€7,639 | +14.4% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,636 | €1,566 | -€18,071 | -92.0% |
| Other operating charges | 640/8 | €6,186 | €3,924 | -€2,262 | -36.6% |
| Gross operating margin | 9900 | €49,540 | €30,479 | -€19,061 | -38.5% |
| Operating profit (loss) | 9901 | €23,718 | €24,990 | +€1,271 | +5.4% |
| Financial charges | 65/66B | €1,465 | €1,078 | -€387 | -26.4% |
| Recurring financial charges | 65 | €1,465 | €1,078 | -€387 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €22,254 | €23,912 | +€1,659 | +7.5% |
| Income taxes | 67/77 | €4,791 | €5,499 | +€708 | +14.8% |
| Profit (loss) for the period | 9904 | €17,463 | €18,413 | +€950 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,463 | €18,413 | +€950 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.