ENKA GROUP: 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.
ENKA GROUP
Largest movements
- Receivables within one year +€120,351
up €120,351 (+50.2%), from €239,552 to €359,903
of which Trade receivables: +€94,276
- Receivables after one year -€110,096
down €110,096 (-84.0%), from €131,000 to €20,904
- Tangible fixed assets +€10,966
up €10,966 (+55.8%), from €19,637 to €30,603
- Cash -€7,459
down €7,459 (-51.5%), from €14,490 to €7,032
mainly Receivables within one year (-€120,351) and Investment in fixed assets (net) (-€70,125)
- Other debts +€24,000
new in 2025: €24,000
- Tax, wage and social debts -€16,742
down €16,742 (-69.0%), from €24,262 to €7,520
of which Taxes: -€21,786
- Profit (loss) carried forward +€4,510
up €4,510 (+1.8%), from €254,957 to €259,467
- Turnover -€217,434
down €217,434 (-27.6%), from €786,415 to €568,981
- Purchases and services -€199,840
down €199,840 (-32.7%), from €610,938 to €411,098
- Staff costs -€65,174
down €65,174 (-42.0%), from €155,002 to €89,827
- Depreciation +€49,694
up €49,694 (+525%), from €9,465 to €59,159
- Gross operating margin -€22,884
down €22,884 (-12.1%), from €189,190 to €166,305
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 | €407,379 | €421,142 | +€13,763 | +3.4% |
| Fixed assets | 21/28 | €22,337 | €33,303 | +€10,966 | +49.1% |
| Tangible fixed assets | 22/27 | €19,637 | €30,603 | +€10,966 | +55.8% |
| Furniture and vehicles | 24 | €19,637 | €30,603 | +€10,966 | +55.8% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €385,042 | €387,839 | +€2,797 | +0.7% |
| Amounts receivable after more than one year | 29 | €131,000 | €20,904 | -€110,096 | -84.0% |
| Other amounts receivable | 291 | €131,000 | €20,904 | -€110,096 | -84.0% |
| Amounts receivable within one year | 40/41 | €239,552 | €359,903 | +€120,351 | +50.2% |
| Trade receivables | 40 | €192,907 | €287,184 | +€94,276 | +48.9% |
| Other amounts receivable | 41 | €46,644 | €72,719 | +€26,075 | +55.9% |
| Cash at bank and in hand | 54/58 | €14,490 | €7,032 | -€7,459 | -51.5% |
| Total equity and liabilities | 10/49 | €407,379 | €421,142 | +€13,763 | +3.4% |
| Equity | 10/15 | €260,957 | €265,467 | +€4,510 | +1.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,957 | €259,467 | +€4,510 | +1.8% |
| Amounts payable | 17/49 | €146,422 | €155,675 | +€9,253 | +6.3% |
| Amounts payable within one year | 42/48 | €146,422 | €155,675 | +€9,253 | +6.3% |
| Trade debts | 44 | €122,160 | €124,154 | +€1,994 | +1.6% |
| Suppliers | 440/4 | €122,160 | €124,154 | +€1,994 | +1.6% |
| Taxes, remuneration and social security | 45 | €24,262 | €7,520 | -€16,742 | -69.0% |
| Taxes | 450/3 | €21,786 | - | -€21,786 | |
| Remuneration and social security | 454/9 | €2,475 | €7,520 | +€5,045 | +204% |
| Other amounts payable | 47/48 | - | €24,000 | +€24,000 | |
| Turnover | 70 | €786,415 | €568,981 | -€217,434 | -27.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €610,938 | €411,098 | -€199,840 | -32.7% |
| Remuneration, social security and pensions | 62 | €155,002 | €89,827 | -€65,174 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,465 | €59,159 | +€49,694 | +525% |
| Other operating charges | 640/8 | €22,425 | €5,950 | -€16,475 | -73.5% |
| Gross operating margin | 9900 | €189,190 | €166,305 | -€22,884 | -12.1% |
| Operating profit (loss) | 9901 | €2,298 | €11,370 | +€9,071 | +395% |
| Financial income | 75/76B | €92 | - | -€92 | |
| Recurring financial income | 75 | €92 | - | -€92 | |
| Financial charges | 65/66B | €6,451 | €131 | -€6,320 | -98.0% |
| Recurring financial charges | 65 | €6,451 | €131 | -€6,320 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,061 | €11,239 | +€15,299 | |
| Income taxes | 67/77 | €117 | €6,729 | +€6,611 | +5,639% |
| Profit (loss) for the period | 9904 | -€4,178 | €4,510 | +€8,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,178 | €4,510 | +€8,688 |
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 25 October 2026 via checked.be.