ENIN: 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.
ENIN
Largest movements
- Receivables within one year -€78,991
down €78,991 (-78.3%), from €100,898 to €21,907
of which Trade receivables: -€74,156
- Cash +€39,044
up €39,044 (+9.3%), from €421,939 to €460,983
mainly Receivables within one year (+€78,991) and Stocks and contracts (+€7,906)
- Stocks and contracts -€7,906
down €7,906 (-20.8%), from €38,052 to €30,146
- Reserves -€40,325
down €40,325 (-7.7%), from €526,518 to €486,193
- Tax, wage and social debts -€9,641
down €9,641 (-56.8%), from €16,987 to €7,346
- Gross operating margin -€127,875
down €127,875, from €89,768 to -€38,107
- Taxes -€25,361
down €25,361 (-98.8%), from €25,672 to €311
- Financial income -€1,443
down €1,443 (-43.6%), from €3,312 to €1,869
- Financial charges +€914
up €914 (+299.0%), from €306 to €1,219
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 | €563,516 | €514,764 | -€48,753 | -8.7% |
| Fixed assets | 21/28 | €1,374 | €421 | -€953 | -69.4% |
| Tangible fixed assets | 22/27 | €874 | €421 | -€453 | -51.8% |
| Plant, machinery and equipment | 23 | €874 | €421 | -€453 | -51.8% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €562,143 | €514,343 | -€47,800 | -8.5% |
| Stocks and contracts in progress | 3 | €38,052 | €30,146 | -€7,906 | -20.8% |
| Stocks | 30/36 | €38,052 | €30,146 | -€7,906 | -20.8% |
| Amounts receivable within one year | 40/41 | €100,898 | €21,907 | -€78,991 | -78.3% |
| Trade receivables | 40 | €75,124 | €968 | -€74,156 | -98.7% |
| Other amounts receivable | 41 | €25,774 | €20,939 | -€4,835 | -18.8% |
| Cash at bank and in hand | 54/58 | €421,939 | €460,983 | +€39,044 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,307 | +€53 | +4.2% |
| Total equity and liabilities | 10/49 | €563,516 | €514,764 | -€48,753 | -8.7% |
| Equity | 10/15 | €545,068 | €504,743 | -€40,325 | -7.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €526,518 | €486,193 | -€40,325 | -7.7% |
| Distributable reserves | 133 | €526,518 | €486,193 | -€40,325 | -7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,448 | €10,020 | -€8,428 | -45.7% |
| Amounts payable within one year | 42/48 | €18,448 | €10,020 | -€8,428 | -45.7% |
| Trade debts | 44 | €628 | €1,841 | +€1,213 | +193.1% |
| Suppliers | 440/4 | €628 | €1,841 | +€1,213 | +193.1% |
| Taxes, remuneration and social security | 45 | €16,987 | €7,346 | -€9,641 | -56.8% |
| Taxes | 450/3 | €16,987 | €7,346 | -€9,641 | -56.8% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454 | €453 | -€1 | -0.3% |
| Other operating charges | 640/8 | €481 | €1,272 | +€791 | +164.5% |
| Gross operating margin | 9900 | €89,768 | -€38,107 | -€127,875 | |
| Operating profit (loss) | 9901 | €88,833 | -€39,832 | -€128,664 | |
| Financial income | 75/76B | €3,312 | €1,869 | -€1,443 | -43.6% |
| Recurring financial income | 75 | €3,312 | €1,869 | -€1,443 | -43.6% |
| Financial charges | 65/66B | €306 | €1,219 | +€914 | +299.0% |
| Recurring financial charges | 65 | €306 | €1,219 | +€914 | +299.0% |
| Profit (loss) for the period before taxes | 9903 | €91,839 | -€39,181 | -€131,021 | |
| Income taxes | 67/77 | €25,672 | €311 | -€25,361 | -98.8% |
| Profit (loss) for the period | 9904 | €66,168 | -€39,492 | -€105,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,168 | -€39,492 | -€105,660 |
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 5 October 2026 via checked.be.