ENZO DE TRANS: 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.
ENZO DE TRANS
Largest movements
- Tangible fixed assets +€52,946
up €52,946 (+57.8%), from €91,655 to €144,602
of which Furniture and vehicles: +€32,535
- Cash +€23,419
up €23,419 (+4.9%), from €479,808 to €503,227
mainly Net result for the year (+€73,851) and Other debts (+€71,145)
- Receivables within one year -€21,111
down €21,111 (-11.5%), from €183,567 to €162,457
of which Other amounts receivable: -€43,695
- Other debts +€71,145
up €71,145 (+117%), from €60,900 to €132,045
- Reserves -€55,150
down €55,150 (-12.6%), from €436,230 to €381,080
- Debts after one year +€37,584
new in 2025: €37,584
- Tax, wage and social debts -€16,488
down €16,488 (-9.3%), from €177,192 to €160,705
of which Remuneration and social security: -€10,188
- Current portion of long-term debt +€10,641
up €10,641 (+1,611%), from €661 to €11,301
- Gross operating margin -€26,702
down €26,702 (-9.9%), from €270,581 to €243,879
- Taxes -€17,544
down €17,544 (-30.0%), from €58,491 to €40,947
- Depreciation +€9,236
up €9,236 (+50.9%), from €18,161 to €27,397
- Staff costs +€3,149
up €3,149 (+4.1%), from €77,389 to €80,538
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.
Derived cash bridge
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 | €762,094 | €818,959 | +€56,865 | +7.5% |
| Fixed assets | 21/28 | €91,680 | €144,626 | +€52,946 | +57.8% |
| Tangible fixed assets | 22/27 | €91,655 | €144,602 | +€52,946 | +57.8% |
| Land and buildings | 22 | €61,216 | €70,699 | +€9,483 | +15.5% |
| Plant, machinery and equipment | 23 | €8,475 | €19,575 | +€11,100 | +131% |
| Furniture and vehicles | 24 | €21,055 | €53,590 | +€32,535 | +155% |
| Other tangible fixed assets | 26 | €909 | €737 | -€171 | -18.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €670,414 | €674,333 | +€3,919 | +0.6% |
| Amounts receivable within one year | 40/41 | €183,567 | €162,457 | -€21,111 | -11.5% |
| Trade receivables | 40 | €30,184 | €52,768 | +€22,585 | +74.8% |
| Other amounts receivable | 41 | €153,384 | €109,688 | -€43,695 | -28.5% |
| Cash at bank and in hand | 54/58 | €479,808 | €503,227 | +€23,419 | +4.9% |
| Deferred charges and accrued income | 490/1 | €7,038 | €8,649 | +€1,611 | +22.9% |
| Total equity and liabilities | 10/49 | €762,094 | €818,959 | +€56,865 | +7.5% |
| Equity | 10/15 | €514,193 | €459,044 | -€55,149 | -10.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €436,230 | €381,080 | -€55,150 | -12.6% |
| Distributable reserves | 133 | €436,230 | €381,080 | -€55,150 | -12.6% |
| Profit (loss) carried forward | 14 | €2,963 | €2,964 | +€1 | 0.0% |
| Amounts payable | 17/49 | €247,901 | €359,915 | +€112,015 | +45.2% |
| Amounts payable after more than one year | 17 | - | €37,584 | +€37,584 | |
| Financial debts | 170/4 | - | €37,584 | +€37,584 | |
| Amounts payable within one year | 42/48 | €247,901 | €322,332 | +€74,431 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €661 | €11,301 | +€10,641 | +1,611% |
| Trade debts | 44 | €7,948 | €18,281 | +€10,333 | +130% |
| Suppliers | 440/4 | €7,948 | €18,281 | +€10,333 | +130% |
| Advances received on contracts in progress | 46 | €1,200 | - | -€1,200 | |
| Taxes, remuneration and social security | 45 | €177,192 | €160,705 | -€16,488 | -9.3% |
| Taxes | 450/3 | €153,183 | €146,883 | -€6,300 | -4.1% |
| Remuneration and social security | 454/9 | €24,010 | €13,822 | -€10,188 | -42.4% |
| Other amounts payable | 47/48 | €60,900 | €132,045 | +€71,145 | +117% |
| Remuneration, social security and pensions | 62 | €77,389 | €80,538 | +€3,149 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,161 | €27,397 | +€9,236 | +50.9% |
| Other operating charges | 640/8 | €19,367 | €19,003 | -€364 | -1.9% |
| Gross operating margin | 9900 | €270,581 | €243,879 | -€26,702 | -9.9% |
| Operating profit (loss) | 9901 | €155,664 | €116,941 | -€38,723 | -24.9% |
| Financial charges | 65/66B | €1,182 | €2,143 | +€961 | +81.3% |
| Recurring financial charges | 65 | €1,182 | €2,143 | +€961 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €154,482 | €114,797 | -€39,684 | -25.7% |
| Income taxes | 67/77 | €58,491 | €40,947 | -€17,544 | -30.0% |
| Profit (loss) for the period | 9904 | €95,991 | €73,851 | -€22,140 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,991 | €73,851 | -€22,140 | -23.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.