ENFORMA: 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.
ENFORMA
Largest movements
- Cash +€30,414
up €30,414 (+140%), from €21,795 to €52,209
mainly Debts after one year (+€70,000) and Net result for the year (+€8,795)
- Tangible fixed assets -€1,401
down €1,401 (-3.4%), from €41,297 to €39,896
of which Plant, machinery and equipment: -€1,266
- Debts after one year +€70,000
new in 2025: €70,000
- Other debts -€56,704
down €56,704 (-98.4%), from €57,603 to €899
- Profit (loss) carried forward +€8,795
up €8,795 (+1,780%), from €494 to €9,289
- Tax, wage and social debts +€4,853
up €4,853 (+188%), from €2,577 to €7,431
of which Taxes: +€4,823
- Trade debts +€2,505
up €2,505 (+598%), from €419 to €2,924
- Gross operating margin +€14,571
up €14,571 (+166%), from €8,797 to €23,368
- Depreciation +€4,101
up €4,101 (+128%), from €3,198 to €7,300
- Taxes +€1,780
up €1,780 (+217%), from €819 to €2,599
- Staff costs +€609
up €609 (+26.4%), from €2,308 to €2,917
- Other operating charges -€274
down €274 (-14.2%), from €1,933 to €1,659
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 | €64,162 | €93,596 | +€29,434 | +45.9% |
| Fixed assets | 21/28 | €41,551 | €40,150 | -€1,401 | -3.4% |
| Tangible fixed assets | 22/27 | €41,297 | €39,896 | -€1,401 | -3.4% |
| Land and buildings | 22 | - | €970 | +€970 | |
| Plant, machinery and equipment | 23 | €36,331 | €35,065 | -€1,266 | -3.5% |
| Furniture and vehicles | 24 | €4,966 | €3,861 | -€1,105 | -22.3% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €22,611 | €53,446 | +€30,835 | +136% |
| Stocks and contracts in progress | 3 | - | €521 | +€521 | |
| Stocks | 30/36 | - | €521 | +€521 | |
| Amounts receivable within one year | 40/41 | €816 | €716 | -€100 | -12.2% |
| Trade receivables | 40 | €650 | €650 | = | 0.0% |
| Other amounts receivable | 41 | €166 | €66 | -€100 | -60.2% |
| Cash at bank and in hand | 54/58 | €21,795 | €52,209 | +€30,414 | +140% |
| Total equity and liabilities | 10/49 | €64,162 | €93,596 | +€29,434 | +45.9% |
| Equity | 10/15 | €3,494 | €12,289 | +€8,795 | +252% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €494 | €9,289 | +€8,795 | +1,780% |
| Amounts payable | 17/49 | €60,668 | €81,306 | +€20,639 | +34.0% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Financial debts | 170/4 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €60,668 | €11,306 | -€49,361 | -81.4% |
| Financial debts | 43 | €68 | €53 | -€15 | -22.0% |
| Credit institutions | 430/8 | €68 | €53 | -€15 | -22.0% |
| Trade debts | 44 | €419 | €2,924 | +€2,505 | +598% |
| Suppliers | 440/4 | €419 | €2,924 | +€2,505 | +598% |
| Taxes, remuneration and social security | 45 | €2,577 | €7,431 | +€4,853 | +188% |
| Taxes | 450/3 | €2,577 | €7,400 | +€4,823 | +187% |
| Remuneration and social security | 454/9 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | €57,603 | €899 | -€56,704 | -98.4% |
| Remuneration, social security and pensions | 62 | €2,308 | €2,917 | +€609 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,198 | €7,300 | +€4,101 | +128% |
| Other operating charges | 640/8 | €1,933 | €1,659 | -€274 | -14.2% |
| Gross operating margin | 9900 | €8,797 | €23,368 | +€14,571 | +166% |
| Operating profit (loss) | 9901 | €1,356 | €11,491 | +€10,135 | +747% |
| Financial income | 75/76B | €2 | €11 | +€10 | +581% |
| Recurring financial income | 75 | €2 | €11 | +€10 | +581% |
| Financial charges | 65/66B | €45 | €108 | +€64 | +142% |
| Recurring financial charges | 65 | €45 | €108 | +€64 | +142% |
| Profit (loss) for the period before taxes | 9903 | €1,314 | €11,395 | +€10,081 | +767% |
| Income taxes | 67/77 | €819 | €2,599 | +€1,780 | +217% |
| Profit (loss) for the period | 9904 | €494 | €8,795 | +€8,301 | +1,680% |
| Profit (loss) for the period to be appropriated | 9905 | €494 | €8,795 | +€8,301 | +1,680% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.