ENFI: 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.
ENFI
Largest movements
- Cash -€4,108
down €4,108 (-70.9%), from €5,798 to €1,690
mainly Investment in fixed assets (net) (-€3,372) and Receivables within one year (-€3,185)
- Receivables within one year +€3,185
up €3,185 (+22.3%), from €14,266 to €17,451
of which Other amounts receivable: +€2,629
- Financial fixed assets +€1,575
new in 2025: €1,575
- Intangible fixed assets -€1,039
down €1,039 (-33.3%), from €3,116 to €2,077
- Deferred charges and accrued income +€635
new in 2025: €635
- Tax, wage and social debts +€4,327
up €4,327 (+286%), from €1,513 to €5,841
of which Remuneration and social security: +€3,469
- Trade debts -€2,264
down €2,264 (-49.9%), from €4,536 to €2,272
- Profit (loss) carried forward -€1,240
down €1,240 (-37.9%), from €3,270 to €2,030
- Gross operating margin +€6,209
up €6,209 (+19.0%), from €32,700 to €38,909
- Staff costs +€4,665
up €4,665 (+14.5%), from €32,095 to €36,760
- Depreciation +€1,761
up €1,761 (+352%), from €501 to €2,261
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 | €26,480 | €27,303 | +€824 | +3.1% |
| Fixed assets | 21/28 | €6,416 | €7,527 | +€1,111 | +17.3% |
| Intangible fixed assets | 21 | €3,116 | €2,077 | -€1,039 | -33.3% |
| Tangible fixed assets | 22/27 | €3,300 | €3,874 | +€575 | +17.4% |
| Furniture and vehicles | 24 | €3,300 | €2,078 | -€1,222 | -37.0% |
| Other tangible fixed assets | 26 | - | €1,796 | +€1,796 | |
| Financial fixed assets | 28 | - | €1,575 | +€1,575 | |
| Current assets | 29/58 | €20,064 | €19,777 | -€288 | -1.4% |
| Amounts receivable within one year | 40/41 | €14,266 | €17,451 | +€3,185 | +22.3% |
| Trade receivables | 40 | €9,723 | €10,279 | +€556 | +5.7% |
| Other amounts receivable | 41 | €4,543 | €7,172 | +€2,629 | +57.9% |
| Cash at bank and in hand | 54/58 | €5,798 | €1,690 | -€4,108 | -70.9% |
| Deferred charges and accrued income | 490/1 | - | €635 | +€635 | |
| Total equity and liabilities | 10/49 | €26,480 | €27,303 | +€824 | +3.1% |
| Equity | 10/15 | €20,430 | €19,190 | -€1,240 | -6.1% |
| Contributions | 10/11 | €15,300 | €15,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,270 | €2,030 | -€1,240 | -37.9% |
| Amounts payable | 17/49 | €6,050 | €8,113 | +€2,063 | +34.1% |
| Amounts payable within one year | 42/48 | €6,050 | €8,113 | +€2,063 | +34.1% |
| Trade debts | 44 | €4,536 | €2,272 | -€2,264 | -49.9% |
| Suppliers | 440/4 | €4,536 | €2,272 | -€2,264 | -49.9% |
| Taxes, remuneration and social security | 45 | €1,513 | €5,841 | +€4,327 | +286% |
| Taxes | 450/3 | €1,513 | €2,371 | +€858 | +56.7% |
| Remuneration and social security | 454/9 | - | €3,469 | +€3,469 | |
| Remuneration, social security and pensions | 62 | €32,095 | €36,760 | +€4,665 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €2,261 | +€1,761 | +352% |
| Other operating charges | 640/8 | €404 | €488 | +€84 | +20.8% |
| Gross operating margin | 9900 | €32,700 | €38,909 | +€6,209 | +19.0% |
| Operating profit (loss) | 9901 | -€299 | -€601 | -€301 | -101% |
| Financial income | 75/76B | €48 | €0 | -€48 | -99.8% |
| Recurring financial income | 75 | €48 | €0 | -€48 | -99.8% |
| Financial charges | 65/66B | €129 | €110 | -€18 | -14.2% |
| Recurring financial charges | 65 | €129 | €110 | -€18 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€380 | -€711 | -€331 | -87.1% |
| Income taxes | 67/77 | €313 | €529 | +€216 | +69.0% |
| Profit (loss) for the period | 9904 | -€693 | -€1,240 | -€547 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€693 | -€1,240 | -€547 | -78.9% |
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 27 October 2026 via checked.be.