ENZO: 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.
ENZO
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash -€46,514
down €46,514 (-44.1%), from €105,535 to €59,021
mainly Other debts (-€133,294) and Contributions, distributions and other (-€9,406)
- Receivables within one year -€8,255
down €8,255 (-13.1%), from €63,098 to €54,843
of which Other amounts receivable: -€12,304
- Other debts -€133,294
down €133,294 (-95.1%), from €140,210 to €6,916
- Reserves -€8,573
down €8,573 (-11.7%), from €73,083 to €64,511
of which Distributable reserves: -€8,573
- Profit (loss) carried forward -€8,545
down €8,545 (-77.5%), from €11,020 to €2,475
- Tax, wage and social debts -€4,052
down €4,052 (-79.7%), from €5,084 to €1,032
- Gross operating margin -€29,735
down €29,735, from €20,816 to -€8,919
- Taxes -€5,961
down €5,961 (-92.6%), from €6,440 to €479
- Financial income +€3,001
up €3,001 (+150.6%), from €1,992 to €4,994
- Depreciation -€287
down €287 (-11.6%), from €2,483 to €2,195
- Other operating charges -€224
down €224 (-17.3%), from €1,298 to €1,073
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 | €273,483 | €116,518 | -€156,965 | -57.4% |
| Fixed assets | 21/28 | €4,850 | €2,654 | -€2,195 | -45.3% |
| Tangible fixed assets | 22/27 | €4,850 | €2,654 | -€2,195 | -45.3% |
| Furniture and vehicles | 24 | €4,030 | €2,186 | -€1,844 | -45.8% |
| Other tangible fixed assets | 26 | €820 | €469 | -€352 | -42.9% |
| Current assets | 29/58 | €268,633 | €113,863 | -€154,769 | -57.6% |
| Amounts receivable within one year | 40/41 | €63,098 | €54,843 | -€8,255 | -13.1% |
| Trade receivables | 40 | €1,271 | €5,320 | +€4,049 | +318.5% |
| Other amounts receivable | 41 | €61,827 | €49,522 | -€12,304 | -19.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €105,535 | €59,021 | -€46,514 | -44.1% |
| Total equity and liabilities | 10/49 | €273,483 | €116,518 | -€156,965 | -57.4% |
| Equity | 10/15 | €121,303 | €104,185 | -€17,118 | -14.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €73,083 | €64,511 | -€8,573 | -11.7% |
| Tax-exempt reserves | 132 | €18,604 | €18,604 | = | 0.0% |
| Distributable reserves | 133 | €54,479 | €45,906 | -€8,573 | -15.7% |
| Profit (loss) carried forward | 14 | €11,020 | €2,475 | -€8,545 | -77.5% |
| Amounts payable | 17/49 | €152,179 | €12,332 | -€139,847 | -91.9% |
| Amounts payable within one year | 42/48 | €149,548 | €11,232 | -€138,316 | -92.5% |
| Trade debts | 44 | €4,254 | €3,285 | -€969 | -22.8% |
| Suppliers | 440/4 | €4,254 | €3,285 | -€969 | -22.8% |
| Taxes, remuneration and social security | 45 | €5,084 | €1,032 | -€4,052 | -79.7% |
| Taxes | 450/3 | €5,084 | €1,032 | -€4,052 | -79.7% |
| Other amounts payable | 47/48 | €140,210 | €6,916 | -€133,294 | -95.1% |
| Accrued charges and deferred income | 492/3 | €2,631 | €1,100 | -€1,531 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,483 | €2,195 | -€287 | -11.6% |
| Other operating charges | 640/8 | €1,298 | €1,073 | -€224 | -17.3% |
| Gross operating margin | 9900 | €20,816 | -€8,919 | -€29,735 | |
| Operating profit (loss) | 9901 | €17,036 | -€12,188 | -€29,223 | |
| Financial income | 75/76B | €1,992 | €4,994 | +€3,001 | +150.6% |
| Recurring financial income | 75 | €1,992 | €4,994 | +€3,001 | +150.6% |
| Financial charges | 65/66B | €33 | €40 | +€7 | +19.8% |
| Recurring financial charges | 65 | €33 | €40 | +€7 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €18,995 | -€7,233 | -€26,228 | |
| Income taxes | 67/77 | €6,440 | €479 | -€5,961 | -92.6% |
| Profit (loss) for the period | 9904 | €12,555 | -€7,712 | -€20,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,555 | -€7,712 | -€20,267 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.