ENIMEX: 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.
ENIMEX
Largest movements
- Receivables within one year +€324,039
up €324,039 (+81.8%), from €395,973 to €720,012
of which Trade receivables: +€347,978
- Stocks and contracts +€168,697
up €168,697 (+29.6%), from €570,841 to €739,538
- Cash -€95,791
down €95,791 (-14.7%), from €649,650 to €553,859
mainly Receivables within one year (-€324,039) and Stocks and contracts (-€168,697)
- Reserves +€244,000
up €244,000 (+13,118%), from €1,860 to €245,860
- Debts after one year +€88,953
up €88,953 (+10.6%), from €841,717 to €930,670
of which Financial debts: +€129,835
- Profit (loss) carried forward -€79,997
down €79,997 (-5.6%), from €1.4m to €1.4m
- Tax, wage and social debts +€55,557
up €55,557 (+60.2%), from €92,287 to €147,844
- Current portion of long-term debt +€49,211
up €49,211 (+88.8%), from €55,432 to €104,643
- Gross operating margin -€372,146
down €372,146 (-46.5%), from €800,644 to €428,498
- Taxes -€70,219
down €70,219 (-39.1%), from €179,434 to €109,215
- Financial charges -€8,711
down €8,711 (-16.3%), from €53,357 to €44,646
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 | €2,530,461 | €2,907,467 | +€377,005 | +14.9% |
| Fixed assets | 21/28 | €913,998 | €894,058 | -€19,940 | -2.2% |
| Intangible fixed assets | 21 | €11,965 | €11,581 | -€384 | -3.2% |
| Tangible fixed assets | 22/27 | €902,033 | €882,476 | -€19,556 | -2.2% |
| Land and buildings | 22 | €895,683 | €878,485 | -€17,198 | -1.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,350 | €3,991 | -€2,358 | -37.1% |
| Current assets | 29/58 | €1,616,464 | €2,013,409 | +€396,945 | +24.6% |
| Stocks and contracts in progress | 3 | €570,841 | €739,538 | +€168,697 | +29.6% |
| Stocks | 30/36 | €570,841 | €739,538 | +€168,697 | +29.6% |
| Amounts receivable within one year | 40/41 | €395,973 | €720,012 | +€324,039 | +81.8% |
| Trade receivables | 40 | €372,033 | €720,012 | +€347,978 | +93.5% |
| Other amounts receivable | 41 | €23,939 | €0 | -€23,939 | -100% |
| Cash at bank and in hand | 54/58 | €649,650 | €553,859 | -€95,791 | -14.7% |
| Total equity and liabilities | 10/49 | €2,530,461 | €2,907,467 | +€377,005 | +14.9% |
| Equity | 10/15 | €1,454,315 | €1,618,318 | +€164,003 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €245,860 | +€244,000 | +13,118% |
| Distributable reserves | 133 | €1,860 | €245,860 | +€244,000 | +13,118% |
| Profit (loss) carried forward | 14 | €1,433,855 | €1,353,858 | -€79,997 | -5.6% |
| Amounts payable | 17/49 | €1,076,147 | €1,289,149 | +€213,002 | +19.8% |
| Amounts payable after more than one year | 17 | €841,717 | €930,670 | +€88,953 | +10.6% |
| Financial debts | 170/4 | €438,599 | €568,434 | +€129,835 | +29.6% |
| Other amounts payable | 178/9 | €403,118 | €362,236 | -€40,882 | -10.1% |
| Amounts payable within one year | 42/48 | €234,430 | €358,479 | +€124,049 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €55,432 | €104,643 | +€49,211 | +88.8% |
| Trade debts | 44 | €26,711 | €24,944 | -€1,768 | -6.6% |
| Suppliers | 440/4 | €26,711 | €24,944 | -€1,768 | -6.6% |
| Advances received on contracts in progress | 46 | - | €1,049 | +€1,049 | |
| Taxes, remuneration and social security | 45 | €92,287 | €147,844 | +€55,557 | +60.2% |
| Taxes | 450/3 | €92,287 | €147,844 | +€55,557 | +60.2% |
| Other amounts payable | 47/48 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,668 | €25,440 | +€4,772 | +23.1% |
| Other operating charges | 640/8 | €5,886 | €6,022 | +€136 | +2.3% |
| Gross operating margin | 9900 | €800,644 | €428,498 | -€372,146 | -46.5% |
| Operating profit (loss) | 9901 | €774,091 | €397,037 | -€377,055 | -48.7% |
| Financial income | 75/76B | €79 | €827 | +€748 | +949% |
| Recurring financial income | 75 | €79 | €827 | +€748 | +949% |
| Financial charges | 65/66B | €53,357 | €44,646 | -€8,711 | -16.3% |
| Recurring financial charges | 65 | €53,357 | €44,646 | -€8,711 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €720,813 | €353,218 | -€367,596 | -51.0% |
| Income taxes | 67/77 | €179,434 | €109,215 | -€70,219 | -39.1% |
| Profit (loss) for the period | 9904 | €541,380 | €244,003 | -€297,376 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €541,380 | €244,003 | -€297,376 | -54.9% |
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 18 October 2026 via checked.be.