ENZO IMPORT: 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.
What changed
ENZO IMPORT
NACE 47.830, Retail sale of motorcycles and motorcycle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,788
2024 · -€4,378+€7,166
Equity
€574,606
2024 · €575,392-€786
Cash
€101,996
2024 · €136,036-€34,040
Balance sheet total
€1.7m
2024 · €2.0m-€377,612
Largest movements
Assets
- Stocks and contracts -€270,576
down €270,576 (-21.1%), from €1.3m to €1.0m
- Tangible fixed assets -€93,092
down €93,092 (-20.1%), from €462,067 to €368,975
of which Land and buildings: -€60,961
- Receivables within one year +€36,754
up €36,754 (+32.4%), from €113,588 to €150,342
of which Trade receivables: +€37,169
- Cash -€34,040
down €34,040 (-25.0%), from €136,036 to €101,996
mainly Trade debts (-€215,334) and Other debts (-€96,053)
Equity and liabilities
- Trade debts -€215,334
down €215,334 (-30.4%), from €708,177 to €492,843
- Other debts -€96,053
down €96,053 (-44.4%), from €216,278 to €120,225
- Debts after one year -€67,935
down €67,935 (-22.9%), from €296,939 to €229,004
Income statement
- Staff costs -€29,364
down €29,364 (-8.0%), from €369,150 to €339,786
- Gross operating margin -€29,045
down €29,045 (-5.4%), from €536,894 to €507,848
- Write-downs -€17,453
down €17,453, from €6,429 to -€11,025
- Other operating charges +€8,815
up €8,815 (+31.6%), from €27,876 to €36,691
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.
Result 2024
-€4,378
Gross operating margin
-€29,045
Staff costs
+€29,364
Depreciation
+€4,302
Write-downs
+€17,453
Other operating charges
-€8,815
Financial income
-€1,598
Financial charges
-€1,434
Taxes
-€3,062
Result 2025
€2,788
raises the resultlowers the result
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.
From operations
+€50,903
Investment
-€10,670
Financing
-€74,273
Cash 2024
€136,036
From operations (derived)
+€50,903
Net result for the year
+€2,788
Depreciation
+€103,762
Stocks and contracts
+€270,576
Receivables within one year
-€36,754
Deferred charges and accrued income
+€16,658
Trade debts
-€215,334
Tax, wage and social debts
+€7,669
Other debts
-€96,053
Accrued charges and deferred income
-€2,409
Investment (derived)
-€10,670
Investment in fixed assets (net)
-€10,670
Financing
-€74,273
Debts after one year
-€67,935
Current portion of long-term debt
-€2,764
Contributions, distributions and other
-€3,575
Cash 2025
€101,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,031,799 | €1,654,187 | -€377,612 | -18.6% |
| Fixed assets | 21/28 | €462,138 | €369,047 | -€93,092 | -20.1% |
| Tangible fixed assets | 22/27 | €462,067 | €368,975 | -€93,092 | -20.1% |
| Land and buildings | 22 | €269,064 | €208,103 | -€60,961 | -22.7% |
| Plant, machinery and equipment | 23 | €98,064 | €80,838 | -€17,226 | -17.6% |
| Furniture and vehicles | 24 | €38,599 | €26,895 | -€11,704 | -30.3% |
| Leasing and similar rights | 25 | €56,339 | €53,139 | -€3,200 | -5.7% |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €1,569,660 | €1,285,140 | -€284,520 | -18.1% |
| Stocks and contracts in progress | 3 | €1,280,060 | €1,009,484 | -€270,576 | -21.1% |
| Stocks | 30/36 | €1,280,060 | €1,009,484 | -€270,576 | -21.1% |
| Amounts receivable within one year | 40/41 | €113,588 | €150,342 | +€36,754 | +32.4% |
| Trade receivables | 40 | €109,015 | €146,185 | +€37,169 | +34.1% |
| Other amounts receivable | 41 | €4,573 | €4,158 | -€415 | -9.1% |
| Cash at bank and in hand | 54/58 | €136,036 | €101,996 | -€34,040 | -25.0% |
| Deferred charges and accrued income | 490/1 | €39,976 | €23,317 | -€16,658 | -41.7% |
| Total equity and liabilities | 10/49 | €2,031,799 | €1,654,187 | -€377,612 | -18.6% |
| Equity | 10/15 | €575,392 | €574,606 | -€786 | -0.1% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Capital | 10 | €118,592 | €118,592 | = | 0.0% |
| Issued capital | 100 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €380,464 | €380,464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,859 | €11,859 | = | 0.0% |
| Legal reserve | 130 | €11,859 | €11,859 | = | 0.0% |
| Distributable reserves | 133 | €368,605 | €368,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,924 | €64,712 | +€2,788 | +4.5% |
| Investment grants | 15 | €14,412 | €10,837 | -€3,575 | -24.8% |
| Amounts payable | 17/49 | €1,456,407 | €1,079,581 | -€376,826 | -25.9% |
| Amounts payable after more than one year | 17 | €296,939 | €229,004 | -€67,935 | -22.9% |
| Financial debts | 170/4 | €296,939 | €229,004 | -€67,935 | -22.9% |
| Amounts payable within one year | 42/48 | €1,154,659 | €848,177 | -€306,482 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €70,699 | €67,935 | -€2,764 | -3.9% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €708,177 | €492,843 | -€215,334 | -30.4% |
| Suppliers | 440/4 | €708,177 | €492,843 | -€215,334 | -30.4% |
| Taxes, remuneration and social security | 45 | €59,505 | €67,174 | +€7,669 | +12.9% |
| Taxes | 450/3 | €31,552 | €39,068 | +€7,516 | +23.8% |
| Remuneration and social security | 454/9 | €27,953 | €28,107 | +€153 | +0.5% |
| Other amounts payable | 47/48 | €216,278 | €120,225 | -€96,053 | -44.4% |
| Accrued charges and deferred income | 492/3 | €4,809 | €2,400 | -€2,409 | -50.1% |
| Non-recurring operating income | 76A | €0 | €2,654 | +€2,654 | |
| Remuneration, social security and pensions | 62 | €369,150 | €339,786 | -€29,364 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,064 | €103,762 | -€4,302 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,429 | -€11,025 | -€17,453 | |
| Other operating charges | 640/8 | €27,876 | €36,691 | +€8,815 | +31.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €536,894 | €507,848 | -€29,045 | -5.4% |
| Operating profit (loss) | 9901 | €25,374 | €38,634 | +€13,260 | +52.3% |
| Financial income | 75/76B | €5,030 | €3,432 | -€1,598 | -31.8% |
| Recurring financial income | 75 | €5,030 | €3,432 | -€1,598 | -31.8% |
| Financial charges | 65/66B | €29,189 | €30,623 | +€1,434 | +4.9% |
| Recurring financial charges | 65 | €29,189 | €30,623 | +€1,434 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €1,216 | €11,443 | +€10,228 | +841% |
| Income taxes | 67/77 | €5,593 | €8,655 | +€3,062 | +54.7% |
| Profit (loss) for the period | 9904 | -€4,378 | €2,788 | +€7,166 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,378 | €2,788 | +€7,166 |
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 13 October 2026 via checked.be.