Enfoil: 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.
Enfoil
Largest movements
- Intangible fixed assets +€275,258
up €275,258 (+314.6%), from €87,486 to €362,744
- Cash +€168,357
up €168,357 (+149.2%), from €112,839 to €281,196
mainly Contributions, distributions and other (+€900,000) and Depreciation (+€44,151)
- Receivables within one year +€57,761
up €57,761 (+68.4%), from €84,501 to €142,261
of which Trade receivables: +€44,266
- Stocks and contracts +€13,255
up €13,255 (+104.9%), from €12,632 to €25,887
- Contributions +€900,000
up €900,000 (+4500.0%), from €20,000 to €920,000
- Profit (loss) carried forward -€153,689
down €153,689 (-197.0%), from -€78,012 to -€231,702
- Current portion of long-term debt -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts -€71,687
down €71,687 (-45.4%), from €157,886 to €86,199
- Accrued charges and deferred income -€60,244
down €60,244 (-61.6%), from €97,853 to €37,609
- Gross operating margin -€84,786
down €84,786 (-365.7%), from -€23,188 to -€107,974
- Depreciation +€31,637
up €31,637 (+252.8%), from €12,514 to €44,151
- Financial charges -€4,389
down €4,389 (-63.9%), from €6,866 to €2,476
- Financial income +€1,303
up €1,303 (+1447311.1%), from €0 to €1,303
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 | €297,726 | €812,106 | +€514,380 | +172.8% |
| Fixed assets | 21/28 | €87,486 | €362,744 | +€275,258 | +314.6% |
| Intangible fixed assets | 21 | €87,486 | €362,744 | +€275,258 | +314.6% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €210,240 | €449,361 | +€239,122 | +113.7% |
| Stocks and contracts in progress | 3 | €12,632 | €25,887 | +€13,255 | +104.9% |
| Stocks | 30/36 | €12,632 | €25,887 | +€13,255 | +104.9% |
| Amounts receivable within one year | 40/41 | €84,501 | €142,261 | +€57,761 | +68.4% |
| Trade receivables | 40 | €20,964 | €65,230 | +€44,266 | +211.2% |
| Other amounts receivable | 41 | €63,537 | €77,032 | +€13,495 | +21.2% |
| Cash at bank and in hand | 54/58 | €112,839 | €281,196 | +€168,357 | +149.2% |
| Deferred charges and accrued income | 490/1 | €268 | €17 | -€251 | -93.6% |
| Total equity and liabilities | 10/49 | €297,726 | €812,106 | +€514,380 | +172.8% |
| Equity | 10/15 | -€58,012 | €688,298 | +€746,311 | |
| Contributions | 10/11 | €20,000 | €920,000 | +€900,000 | +4500.0% |
| Profit (loss) carried forward | 14 | -€78,012 | -€231,702 | -€153,689 | -197.0% |
| Amounts payable | 17/49 | €355,739 | €123,807 | -€231,931 | -65.2% |
| Amounts payable within one year | 42/48 | €257,886 | €86,199 | -€171,687 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €157,886 | €86,199 | -€71,687 | -45.4% |
| Suppliers | 440/4 | €157,886 | €86,199 | -€71,687 | -45.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €97,853 | €37,609 | -€60,244 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,514 | €44,151 | +€31,637 | +252.8% |
| Other operating charges | 640/8 | €513 | - | -€513 | |
| Gross operating margin | 9900 | -€23,188 | -€107,974 | -€84,786 | -365.7% |
| Operating profit (loss) | 9901 | -€36,214 | -€152,125 | -€115,911 | -320.1% |
| Financial income | 75/76B | €0 | €1,303 | +€1,303 | +1447311.1% |
| Recurring financial income | 75 | €0 | €1,303 | +€1,303 | +1447311.1% |
| Financial charges | 65/66B | €6,866 | €2,476 | -€4,389 | -63.9% |
| Recurring financial charges | 65 | €6,866 | €2,476 | -€4,389 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,080 | -€153,299 | -€110,218 | -255.8% |
| Income taxes | 67/77 | - | €391 | +€391 | |
| Profit (loss) for the period | 9904 | -€43,080 | -€153,689 | -€110,609 | -256.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,080 | -€153,689 | -€110,609 | -256.8% |
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 11 October 2026 via checked.be.