ENOSA: 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.
ENOSA
Largest movements
- Current investments +€39,313
up €39,313 (+23.3%), from €168,958 to €208,271
- Receivables within one year -€35,380
down €35,380 (-68.2%), from €51,907 to €16,527
of which Other amounts receivable: -€44,501
- Other debts -€40,670
down €40,670 (-60.1%), from €67,636 to €26,966
- Reserves +€39,011
up €39,011 (+15.1%), from €258,788 to €297,799
of which Distributable reserves: +€39,011
- Financial income +€25,926
up €25,926 (+62.9%), from €41,237 to €67,163
- Taxes +€7,889
up €7,889 (+66.1%), from €11,929 to €19,818
- Gross operating margin +€6,500
up €6,500 (+16.5%), from €39,276 to €45,776
- Financial charges +€1,426
up €1,426 (+42.8%), from €3,334 to €4,760
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 | €632,902 | €636,025 | +€3,123 | +0.5% |
| Fixed assets | 21/28 | €406,918 | €405,049 | -€1,869 | -0.5% |
| Tangible fixed assets | 22/27 | €6,918 | €5,049 | -€1,869 | -27.0% |
| Furniture and vehicles | 24 | €6,918 | €5,049 | -€1,869 | -27.0% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €225,984 | €230,976 | +€4,992 | +2.2% |
| Amounts receivable within one year | 40/41 | €51,907 | €16,527 | -€35,380 | -68.2% |
| Trade receivables | 40 | €7,406 | €16,527 | +€9,121 | +123% |
| Other amounts receivable | 41 | €44,501 | - | -€44,501 | |
| Current investments | 50/53 | €168,958 | €208,271 | +€39,313 | +23.3% |
| Cash at bank and in hand | 54/58 | €2,718 | €3,410 | +€692 | +25.4% |
| Deferred charges and accrued income | 490/1 | €2,400 | €2,768 | +€368 | +15.3% |
| Total equity and liabilities | 10/49 | €632,902 | €636,025 | +€3,123 | +0.5% |
| Equity | 10/15 | €534,983 | €573,994 | +€39,011 | +7.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €258,788 | €297,799 | +€39,011 | +15.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €256,288 | €295,299 | +€39,011 | +15.2% |
| Profit (loss) carried forward | 14 | €251,196 | €251,195 | -€1 | 0.0% |
| Amounts payable | 17/49 | €97,918 | €62,031 | -€35,887 | -36.7% |
| Amounts payable after more than one year | 17 | €13,529 | €13,529 | +€0 | 0.0% |
| Financial debts | 170/4 | €13,529 | €13,529 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €84,390 | €48,384 | -€36,006 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €1,539 | €1,539 | -€0 | 0.0% |
| Trade debts | 44 | €9,703 | €14,460 | +€4,757 | +49.0% |
| Suppliers | 440/4 | €9,703 | €14,460 | +€4,757 | +49.0% |
| Taxes, remuneration and social security | 45 | €5,511 | €5,419 | -€92 | -1.7% |
| Taxes | 450/3 | €5,511 | €5,419 | -€92 | -1.7% |
| Other amounts payable | 47/48 | €67,636 | €26,966 | -€40,670 | -60.1% |
| Accrued charges and deferred income | 492/3 | - | €118 | +€118 | |
| Remuneration, social security and pensions | 62 | €1,978 | €2,170 | +€192 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €1,869 | +€52 | +2.9% |
| Other operating charges | 640/8 | €906 | €548 | -€358 | -39.5% |
| Gross operating margin | 9900 | €39,276 | €45,776 | +€6,500 | +16.5% |
| Operating profit (loss) | 9901 | €34,575 | €41,189 | +€6,614 | +19.1% |
| Financial income | 75/76B | €41,237 | €67,163 | +€25,926 | +62.9% |
| Recurring financial income | 75 | €41,237 | €67,163 | +€25,926 | +62.9% |
| Financial charges | 65/66B | €3,334 | €4,760 | +€1,426 | +42.8% |
| Recurring financial charges | 65 | €3,334 | €4,760 | +€1,426 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €72,478 | €103,592 | +€31,114 | +42.9% |
| Income taxes | 67/77 | €11,929 | €19,818 | +€7,889 | +66.1% |
| Profit (loss) for the period | 9904 | €60,549 | €83,774 | +€23,225 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,549 | €83,774 | +€23,225 | +38.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.