ENICT: 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.
ENICT
Largest movements
- Receivables after one year -€125,000
down €125,000 (-100%), from €125,000 to €0
- Tangible fixed assets -€15,797
down €15,797 (-6.8%), from €233,376 to €217,579
of which Land and buildings: -€12,269
- Cash -€14,135
down €14,135 (-8.3%), from €170,227 to €156,091
mainly Contributions, distributions and other (-€283,587) and Debts after one year (-€12,616)
- Reserves -€176,033
down €176,033 (-43.9%), from €401,201 to €225,168
- Other debts +€45,136
up €45,136 (+3,304%), from €1,366 to €46,503
- Debts after one year -€12,616
down €12,616 (-12.9%), from €98,115 to €85,499
- Trade debts -€9,418
down €9,418 (-79.5%), from €11,853 to €2,435
- Tax, wage and social debts -€7,536
down €7,536 (-25.2%), from €29,935 to €22,399
- Gross operating margin +€20,695
up €20,695 (+13.6%), from €151,693 to €172,388
- Taxes +€6,428
up €6,428 (+16.4%), from €39,090 to €45,518
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 | €556,747 | €397,437 | -€159,310 | -28.6% |
| Fixed assets | 21/28 | €233,376 | €217,579 | -€15,797 | -6.8% |
| Tangible fixed assets | 22/27 | €233,376 | €217,579 | -€15,797 | -6.8% |
| Land and buildings | 22 | €218,446 | €206,178 | -€12,269 | -5.6% |
| Plant, machinery and equipment | 23 | €14,659 | €11,326 | -€3,333 | -22.7% |
| Furniture and vehicles | 24 | €270 | €75 | -€196 | -72.4% |
| Current assets | 29/58 | €323,372 | €179,859 | -€143,513 | -44.4% |
| Amounts receivable after more than one year | 29 | €125,000 | €0 | -€125,000 | -100% |
| Other amounts receivable | 291 | €125,000 | €0 | -€125,000 | -100% |
| Amounts receivable within one year | 40/41 | €21,780 | €20,961 | -€819 | -3.8% |
| Trade receivables | 40 | €21,780 | €20,961 | -€819 | -3.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €170,227 | €156,091 | -€14,135 | -8.3% |
| Deferred charges and accrued income | 490/1 | €6,365 | €2,806 | -€3,559 | -55.9% |
| Total equity and liabilities | 10/49 | €556,747 | €397,437 | -€159,310 | -28.6% |
| Equity | 10/15 | €403,057 | €227,024 | -€176,033 | -43.7% |
| Contributions | 10/11 | €1,856 | €1,856 | = | 0.0% |
| Reserves | 13 | €401,201 | €225,168 | -€176,033 | -43.9% |
| Distributable reserves | 133 | €401,201 | €225,168 | -€176,033 | -43.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €153,691 | €170,413 | +€16,722 | +10.9% |
| Amounts payable after more than one year | 17 | €98,115 | €85,499 | -€12,616 | -12.9% |
| Financial debts | 170/4 | €98,115 | €85,499 | -€12,616 | -12.9% |
| Amounts payable within one year | 42/48 | €55,576 | €84,914 | +€29,338 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €12,387 | €12,616 | +€229 | +1.9% |
| Financial debts | 43 | €35 | €962 | +€927 | +2,646% |
| Credit institutions | 430/8 | €35 | €962 | +€927 | +2,646% |
| Trade debts | 44 | €11,853 | €2,435 | -€9,418 | -79.5% |
| Suppliers | 440/4 | €11,853 | €2,435 | -€9,418 | -79.5% |
| Taxes, remuneration and social security | 45 | €29,935 | €22,399 | -€7,536 | -25.2% |
| Taxes | 450/3 | €29,935 | €22,399 | -€7,536 | -25.2% |
| Other amounts payable | 47/48 | €1,366 | €46,503 | +€45,136 | +3,304% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,542 | €15,797 | +€1,255 | +8.6% |
| Other operating charges | 640/8 | €3,083 | €2,916 | -€167 | -5.4% |
| Gross operating margin | 9900 | €151,693 | €172,388 | +€20,695 | +13.6% |
| Operating profit (loss) | 9901 | €134,068 | €153,675 | +€19,607 | +14.6% |
| Financial income | 75/76B | €4,069 | €2,876 | -€1,193 | -29.3% |
| Recurring financial income | 75 | €4,069 | €2,876 | -€1,193 | -29.3% |
| Financial charges | 65/66B | €4,081 | €3,478 | -€603 | -14.8% |
| Recurring financial charges | 65 | €4,081 | €3,478 | -€603 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €134,056 | €153,073 | +€19,016 | +14.2% |
| Income taxes | 67/77 | €39,090 | €45,518 | +€6,428 | +16.4% |
| Profit (loss) for the period | 9904 | €94,966 | €107,554 | +€12,589 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,966 | €107,554 | +€12,589 | +13.3% |
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 14 October 2026 via checked.be.