ENFIN: what changed
Two fiscal 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.
ENFIN
Largest movements
- Current investments +€100,000
up €100,000 (+18.2%), from €550,000 to €650,000
- Cash -€84,097
down €84,097 (-23.3%), from €360,768 to €276,671
mainly Contributions, distributions and other (-€486,957) and Current investments (-€100,000)
- Other debts +€403,751
up €403,751 (+60.7%), from €665,352 to €1.1m
- Profit (loss) carried forward -€246,978
down €246,978 (-100.0%), from €246,978 to €0
- Tax, wage and social debts -€91,920
down €91,920 (-61.4%), from €149,591 to €57,671
of which Taxes: -€81,960
- Trade debts -€21,630
down €21,630 (-48.7%), from €44,399 to €22,769
- Gross operating margin -€23,055
down €23,055 (-5.8%), from €395,939 to €372,884
- Staff costs -€9,000
down €9,000 (-14.5%), from €61,980 to €52,980
- Taxes -€5,638
down €5,638 (-6.9%), from €82,216 to €76,578
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.
Cash bridge derived
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 | €1,109,320 | €1,152,543 | +€43,222 | +3.9% |
| Formation expenses | 20 | €24 | €0 | -€24 | -100.0% |
| Fixed assets | 21/28 | €66,508 | €76,765 | +€10,257 | +15.4% |
| Intangible fixed assets | 21 | - | €3,348 | +€3,348 | |
| Tangible fixed assets | 22/27 | €66,508 | €73,417 | +€6,910 | +10.4% |
| Land and buildings | 22 | €58,999 | €47,567 | -€11,432 | -19.4% |
| Plant, machinery and equipment | 23 | €3,068 | €2,521 | -€548 | -17.8% |
| Furniture and vehicles | 24 | €4,441 | €13,500 | +€9,059 | +204.0% |
| Assets under construction and advance payments | 27 | - | €9,830 | +€9,830 | |
| Current assets | 29/58 | €1,042,789 | €1,075,778 | +€32,988 | +3.2% |
| Stocks and contracts in progress | 3 | €111,320 | €111,458 | +€137 | +0.1% |
| Stocks | 30/36 | €111,320 | €111,458 | +€137 | +0.1% |
| Amounts receivable within one year | 40/41 | €18,322 | €28,555 | +€10,233 | +55.9% |
| Trade receivables | 40 | €3,206 | €2,295 | -€911 | -28.4% |
| Other amounts receivable | 41 | €15,116 | €26,260 | +€11,144 | +73.7% |
| Current investments | 50/53 | €550,000 | €650,000 | +€100,000 | +18.2% |
| Cash at bank and in hand | 54/58 | €360,768 | €276,671 | -€84,097 | -23.3% |
| Deferred charges and accrued income | 490/1 | €2,379 | €9,094 | +€6,715 | +282.3% |
| Total equity and liabilities | 10/49 | €1,109,320 | €1,152,543 | +€43,222 | +3.9% |
| Equity | 10/15 | €249,978 | €3,000 | -€246,978 | -98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,978 | €0 | -€246,978 | -100.0% |
| Amounts payable | 17/49 | €859,342 | €1,149,543 | +€290,200 | +33.8% |
| Amounts payable within one year | 42/48 | €859,342 | €1,149,543 | +€290,200 | +33.8% |
| Trade debts | 44 | €44,399 | €22,769 | -€21,630 | -48.7% |
| Suppliers | 440/4 | €44,399 | €22,769 | -€21,630 | -48.7% |
| Taxes, remuneration and social security | 45 | €149,591 | €57,671 | -€91,920 | -61.4% |
| Taxes | 450/3 | €135,213 | €53,253 | -€81,960 | -60.6% |
| Remuneration and social security | 454/9 | €14,378 | €4,418 | -€9,960 | -69.3% |
| Other amounts payable | 47/48 | €665,352 | €1,069,103 | +€403,751 | +60.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €668 | €0 | -€668 | -100.0% |
| Remuneration, social security and pensions | 62 | €61,980 | €52,980 | -€9,000 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,757 | €15,988 | -€769 | -4.6% |
| Other operating charges | 640/8 | €1,108 | €1,917 | +€810 | +73.1% |
| Gross operating margin | 9900 | €395,939 | €372,884 | -€23,055 | -5.8% |
| Operating profit (loss) | 9901 | €316,094 | €301,998 | -€14,096 | -4.5% |
| Financial income | 75/76B | €16,431 | €19,966 | +€3,535 | +21.5% |
| Recurring financial income | 75 | €16,431 | €19,966 | +€3,535 | +21.5% |
| Financial charges | 65/66B | €4,520 | €5,407 | +€887 | +19.6% |
| Recurring financial charges | 65 | €4,520 | €5,407 | +€887 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €328,005 | €316,557 | -€11,448 | -3.5% |
| Income taxes | 67/77 | €82,216 | €76,578 | -€5,638 | -6.9% |
| Profit (loss) for the period | 9904 | €245,788 | €239,978 | -€5,810 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €245,788 | €239,978 | -€5,810 | -2.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.