ENNOR: 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.
ENNOR
Largest movements
- Receivables within one year +€60,880
up €60,880 (+221%), from €27,553 to €88,433
of which Trade receivables: +€44,880
- Cash -€43,366
down €43,366 (-96.5%), from €44,953 to €1,587
mainly Contributions, distributions and other (-€130,000) and Receivables within one year (-€60,880)
- Deferred charges and accrued income -€5,986
down €5,986 (-62.7%), from €9,548 to €3,562
- Tangible fixed assets -€1,109
down €1,109 (-15.7%), from €7,061 to €5,952
of which Furniture and vehicles: -€588
- Other debts +€70,000
new in 2025: €70,000
- Reserves -€55,442
down €55,442 (-80.7%), from €68,725 to €13,283
- Tax, wage and social debts -€2,913
down €2,913 (-13.0%), from €22,373 to €19,460
of which Taxes: -€2,829
- Trade debts -€1,226
down €1,226 (-80.8%), from €1,517 to €291
- Gross operating margin +€46,300
up €46,300 (+88.0%), from €52,596 to €98,896
- Taxes +€9,460
up €9,460 (+91.6%), from €10,327 to €19,787
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 | €94,115 | €104,534 | +€10,419 | +11.1% |
| Fixed assets | 21/28 | €12,061 | €10,952 | -€1,109 | -9.2% |
| Tangible fixed assets | 22/27 | €7,061 | €5,952 | -€1,109 | -15.7% |
| Plant, machinery and equipment | 23 | €1,821 | €1,300 | -€521 | -28.6% |
| Furniture and vehicles | 24 | €5,240 | €4,652 | -€588 | -11.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €82,054 | €93,582 | +€11,528 | +14.0% |
| Amounts receivable within one year | 40/41 | €27,553 | €88,433 | +€60,880 | +221% |
| Trade receivables | 40 | €25,553 | €70,433 | +€44,880 | +176% |
| Other amounts receivable | 41 | €2,000 | €18,000 | +€16,000 | +800% |
| Cash at bank and in hand | 54/58 | €44,953 | €1,587 | -€43,366 | -96.5% |
| Deferred charges and accrued income | 490/1 | €9,548 | €3,562 | -€5,986 | -62.7% |
| Total equity and liabilities | 10/49 | €94,115 | €104,534 | +€10,419 | +11.1% |
| Equity | 10/15 | €70,225 | €14,783 | -€55,442 | -78.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €68,725 | €13,283 | -€55,442 | -80.7% |
| Distributable reserves | 133 | €68,725 | €13,283 | -€55,442 | -80.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,890 | €89,751 | +€65,861 | +276% |
| Amounts payable within one year | 42/48 | €23,890 | €89,751 | +€65,861 | +276% |
| Trade debts | 44 | €1,517 | €291 | -€1,226 | -80.8% |
| Suppliers | 440/4 | €1,517 | €291 | -€1,226 | -80.8% |
| Taxes, remuneration and social security | 45 | €22,373 | €19,460 | -€2,913 | -13.0% |
| Taxes | 450/3 | €22,290 | €19,460 | -€2,829 | -12.7% |
| Remuneration and social security | 454/9 | €83 | €0 | -€83 | -100% |
| Other amounts payable | 47/48 | - | €70,000 | +€70,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,710 | €4,409 | +€700 | +18.9% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Gross operating margin | 9900 | €52,596 | €98,896 | +€46,300 | +88.0% |
| Operating profit (loss) | 9901 | €48,499 | €94,487 | +€45,988 | +94.8% |
| Financial charges | 65/66B | €114 | €142 | +€28 | +24.7% |
| Recurring financial charges | 65 | €114 | €142 | +€28 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €48,385 | €94,345 | +€45,960 | +95.0% |
| Income taxes | 67/77 | €10,327 | €19,787 | +€9,460 | +91.6% |
| Profit (loss) for the period | 9904 | €38,057 | €74,558 | +€36,501 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,057 | €74,558 | +€36,501 | +95.9% |
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 23 October 2026 via checked.be.