ENISHI: 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.
ENISHI
Largest movements
- Cash +€43,244
up €43,244 (+41.4%), from €104,332 to €147,577
mainly Net result for the year (+€67,819) and Other debts (+€41,449)
- Tangible fixed assets -€13,660
down €13,660 (-22.8%), from €59,859 to €46,199
of which Plant, machinery and equipment: -€9,945
- Receivables within one year +€9,557
up €9,557 (+35.8%), from €26,686 to €36,243
- Stocks and contracts +€3,828
up €3,828 (+65.8%), from €5,814 to €9,643
- Other debts +€41,449
up €41,449 (+102.4%), from €40,467 to €81,916
- Reserves +€40,546
new in 2025: €40,546
- Profit (loss) carried forward -€40,546
no longer reported in 2025 (was €40,546)
- Trade debts +€19,301
up €19,301 (+82.7%), from €23,337 to €42,638
- Debts after one year -€14,097
down €14,097 (-33.1%), from €42,525 to €28,428
- Gross operating margin +€39,980
up €39,980 (+19.5%), from €205,198 to €245,178
- Staff costs +€9,931
up €9,931 (+7.8%), from €127,487 to €137,417
- Financial charges +€4,861
up €4,861 (+92.2%), from €5,275 to €10,136
- Taxes +€2,680
up €2,680 (+53.8%), from €4,981 to €7,661
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 | €211,591 | €254,561 | +€42,969 | +20.3% |
| Fixed assets | 21/28 | €74,759 | €61,099 | -€13,660 | -18.3% |
| Tangible fixed assets | 22/27 | €59,859 | €46,199 | -€13,660 | -22.8% |
| Plant, machinery and equipment | 23 | €36,556 | €26,611 | -€9,945 | -27.2% |
| Furniture and vehicles | 24 | €23,303 | €19,588 | -€3,715 | -15.9% |
| Financial fixed assets | 28 | €14,900 | €14,900 | = | 0.0% |
| Current assets | 29/58 | €136,833 | €193,462 | +€56,629 | +41.4% |
| Stocks and contracts in progress | 3 | €5,814 | €9,643 | +€3,828 | +65.8% |
| Stocks | 30/36 | €5,814 | €9,643 | +€3,828 | +65.8% |
| Amounts receivable within one year | 40/41 | €26,686 | €36,243 | +€9,557 | +35.8% |
| Other amounts receivable | 41 | €26,686 | €36,243 | +€9,557 | +35.8% |
| Cash at bank and in hand | 54/58 | €104,332 | €147,577 | +€43,244 | +41.4% |
| Total equity and liabilities | 10/49 | €211,591 | €254,561 | +€42,969 | +20.3% |
| Equity | 10/15 | €60,546 | €60,546 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | - | €40,546 | +€40,546 | |
| Distributable reserves | 133 | - | €40,546 | +€40,546 | |
| Profit (loss) carried forward | 14 | €40,546 | - | -€40,546 | |
| Amounts payable | 17/49 | €151,045 | €194,014 | +€42,969 | +28.4% |
| Amounts payable after more than one year | 17 | €42,525 | €28,428 | -€14,097 | -33.1% |
| Financial debts | 170/4 | €42,525 | €28,428 | -€14,097 | -33.1% |
| Amounts payable within one year | 42/48 | €108,520 | €165,586 | +€57,066 | +52.6% |
| Trade debts | 44 | €23,337 | €42,638 | +€19,301 | +82.7% |
| Suppliers | 440/4 | €23,337 | €42,638 | +€19,301 | +82.7% |
| Taxes, remuneration and social security | 45 | €44,716 | €41,032 | -€3,683 | -8.2% |
| Taxes | 450/3 | €23,193 | €32,294 | +€9,101 | +39.2% |
| Remuneration and social security | 454/9 | €21,522 | €8,738 | -€12,784 | -59.4% |
| Other amounts payable | 47/48 | €40,467 | €81,916 | +€41,449 | +102.4% |
| Remuneration, social security and pensions | 62 | €127,487 | €137,417 | +€9,931 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,418 | €19,955 | +€537 | +2.8% |
| Other operating charges | 640/8 | €920 | €2,191 | +€1,272 | +138.3% |
| Gross operating margin | 9900 | €205,198 | €245,178 | +€39,980 | +19.5% |
| Operating profit (loss) | 9901 | €57,374 | €85,615 | +€28,240 | +49.2% |
| Financial income | 75/76B | €4 | €1 | -€3 | -81.5% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -81.5% |
| Financial charges | 65/66B | €5,275 | €10,136 | +€4,861 | +92.2% |
| Recurring financial charges | 65 | €5,275 | €10,136 | +€4,861 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €52,104 | €75,479 | +€23,375 | +44.9% |
| Income taxes | 67/77 | €4,981 | €7,661 | +€2,680 | +53.8% |
| Profit (loss) for the period | 9904 | €47,123 | €67,819 | +€20,696 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,123 | €67,819 | +€20,696 | +43.9% |
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 12 October 2026 via checked.be.