enzoVorm: 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.
enzoVorm
Largest movements
- Tangible fixed assets -€20,139
down €20,139 (-34.6%), from €58,173 to €38,033
of which Furniture and vehicles: -€15,909
- Cash +€18,864
up €18,864 (+26.5%), from €71,187 to €90,052
mainly Depreciation (+€21,226) and Receivables within one year (+€11,865)
- Receivables within one year -€11,865
down €11,865 (-15.6%), from €76,153 to €64,287
of which Trade receivables: -€19,851
- Debts after one year -€10,547
down €10,547 (-43.1%), from €24,456 to €13,910
- Reserves -€5,100
down €5,100 (-4.0%), from €126,083 to €120,983
- Advances received +€4,042
new in 2025: €4,042
- Trade debts +€3,645
up €3,645 (+20.9%), from €17,481 to €21,126
- Tax, wage and social debts -€2,454
down €2,454 (-11.1%), from €22,156 to €19,702
of which Taxes: -€8,966
- Gross operating margin -€49,977
down €49,977 (-52.0%), from €96,192 to €46,215
- Taxes -€10,768
down €10,768 (-97.0%), from €11,102 to €334
- Staff costs -€7,974
down €7,974 (-26.2%), from €30,466 to €22,492
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 | €213,236 | €201,592 | -€11,643 | -5.5% |
| Fixed assets | 21/28 | €60,076 | €39,358 | -€20,718 | -34.5% |
| Intangible fixed assets | 21 | €1,903 | €1,325 | -€578 | -30.4% |
| Tangible fixed assets | 22/27 | €58,173 | €38,033 | -€20,139 | -34.6% |
| Plant, machinery and equipment | 23 | €9,892 | €7,035 | -€2,857 | -28.9% |
| Furniture and vehicles | 24 | €40,390 | €24,481 | -€15,909 | -39.4% |
| Other tangible fixed assets | 26 | €7,891 | €6,517 | -€1,374 | -17.4% |
| Current assets | 29/58 | €153,160 | €162,234 | +€9,074 | +5.9% |
| Stocks and contracts in progress | 3 | €5,820 | €6,010 | +€190 | +3.3% |
| Stocks | 30/36 | €5,820 | €6,010 | +€190 | +3.3% |
| Amounts receivable within one year | 40/41 | €76,153 | €64,287 | -€11,865 | -15.6% |
| Trade receivables | 40 | €75,200 | €55,349 | -€19,851 | -26.4% |
| Other amounts receivable | 41 | €953 | €8,938 | +€7,985 | +838% |
| Cash at bank and in hand | 54/58 | €71,187 | €90,052 | +€18,864 | +26.5% |
| Deferred charges and accrued income | 490/1 | - | €1,885 | +€1,885 | |
| Total equity and liabilities | 10/49 | €213,236 | €201,592 | -€11,643 | -5.5% |
| Equity | 10/15 | €136,942 | €130,511 | -€6,432 | -4.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €126,083 | €120,983 | -€5,100 | -4.0% |
| Distributable reserves | 133 | €126,083 | €120,983 | -€5,100 | -4.0% |
| Profit (loss) carried forward | 14 | -€1,641 | -€2,973 | -€1,332 | -81.1% |
| Amounts payable | 17/49 | €76,294 | €71,082 | -€5,212 | -6.8% |
| Amounts payable after more than one year | 17 | €24,456 | €13,910 | -€10,547 | -43.1% |
| Financial debts | 170/4 | €24,456 | €13,910 | -€10,547 | -43.1% |
| Amounts payable within one year | 42/48 | €51,811 | €57,172 | +€5,361 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €10,057 | €10,547 | +€490 | +4.9% |
| Trade debts | 44 | €17,481 | €21,126 | +€3,645 | +20.9% |
| Suppliers | 440/4 | €17,481 | €21,126 | +€3,645 | +20.9% |
| Advances received on contracts in progress | 46 | - | €4,042 | +€4,042 | |
| Taxes, remuneration and social security | 45 | €22,156 | €19,702 | -€2,454 | -11.1% |
| Taxes | 450/3 | €8,966 | - | -€8,966 | |
| Remuneration and social security | 454/9 | €13,190 | €19,702 | +€6,512 | +49.4% |
| Other amounts payable | 47/48 | €2,118 | €1,756 | -€362 | -17.1% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Remuneration, social security and pensions | 62 | €30,466 | €22,492 | -€7,974 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,958 | €21,226 | -€732 | -3.3% |
| Other operating charges | 640/8 | €2,216 | €2,490 | +€274 | +12.4% |
| Gross operating margin | 9900 | €96,192 | €46,215 | -€49,977 | -52.0% |
| Operating profit (loss) | 9901 | €41,552 | €7 | -€41,544 | -100.0% |
| Financial income | 75/76B | €1,039 | €728 | -€311 | -29.9% |
| Recurring financial income | 75 | €1,039 | €728 | -€311 | -29.9% |
| Financial charges | 65/66B | €2,220 | €1,734 | -€486 | -21.9% |
| Recurring financial charges | 65 | €2,220 | €1,734 | -€486 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €40,371 | -€998 | -€41,369 | |
| Income taxes | 67/77 | €11,102 | €334 | -€10,768 | -97.0% |
| Profit (loss) for the period | 9904 | €29,269 | -€1,332 | -€30,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,269 | -€1,332 | -€30,601 |
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.