ENKI: 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.
ENKI
Largest movements
- Financial fixed assets +€40,420
up €40,420 (+18.8%), from €215,000 to €255,420
- Receivables within one year -€23,246
down €23,246 (-67.4%), from €34,488 to €11,242
of which Other amounts receivable: -€18,010
- Tangible fixed assets -€9,620
down €9,620 (-59.0%), from €16,302 to €6,682
of which Other tangible fixed assets: -€5,098
- Current investments +€3,202
up €3,202 (+13.4%), from €23,860 to €27,062
- Reserves +€22,236
up €22,236 (+16.6%), from €134,169 to €156,404
- Debts after one year -€16,278
down €16,278 (-15.8%), from €102,740 to €86,461
- Current portion of long-term debt +€8,288
up €8,288 (+20.0%), from €41,377 to €49,665
- Tax, wage and social debts -€4,714
down €4,714 (-25.2%), from €18,707 to €13,992
- Gross operating margin +€13,381
up €13,381 (+38.0%), from €35,176 to €48,556
- Financial income -€6,986
down €6,986 (-67.7%), from €10,318 to €3,331
- Taxes +€4,692
up €4,692 (+55.2%), from €8,499 to €13,191
- Financial charges -€2,376
down €2,376 (-28.1%), from €8,448 to €6,072
- Other operating charges -€1,764
down €1,764 (-69.6%), from €2,533 to €769
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 | €303,948 | €313,201 | +€9,253 | +3.0% |
| Fixed assets | 21/28 | €231,302 | €262,102 | +€30,800 | +13.3% |
| Tangible fixed assets | 22/27 | €16,302 | €6,682 | -€9,620 | -59.0% |
| Plant, machinery and equipment | 23 | €5,785 | €1,263 | -€4,522 | -78.2% |
| Other tangible fixed assets | 26 | €10,517 | €5,419 | -€5,098 | -48.5% |
| Financial fixed assets | 28 | €215,000 | €255,420 | +€40,420 | +18.8% |
| Current assets | 29/58 | €72,646 | €51,099 | -€21,547 | -29.7% |
| Amounts receivable within one year | 40/41 | €34,488 | €11,242 | -€23,246 | -67.4% |
| Trade receivables | 40 | €15,899 | €10,663 | -€5,236 | -32.9% |
| Other amounts receivable | 41 | €18,589 | €579 | -€18,010 | -96.9% |
| Current investments | 50/53 | €23,860 | €27,062 | +€3,202 | +13.4% |
| Cash at bank and in hand | 54/58 | €14,298 | €12,795 | -€1,503 | -10.5% |
| Total equity and liabilities | 10/49 | €303,948 | €313,201 | +€9,253 | +3.0% |
| Equity | 10/15 | €140,369 | €162,604 | +€22,236 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,169 | €156,404 | +€22,236 | +16.6% |
| Distributable reserves | 133 | €134,169 | €156,404 | +€22,236 | +16.6% |
| Amounts payable | 17/49 | €163,579 | €150,596 | -€12,983 | -7.9% |
| Amounts payable after more than one year | 17 | €102,740 | €86,461 | -€16,278 | -15.8% |
| Financial debts | 170/4 | €102,740 | €86,461 | -€16,278 | -15.8% |
| Amounts payable within one year | 42/48 | €60,839 | €64,135 | +€3,296 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €41,377 | €49,665 | +€8,288 | +20.0% |
| Financial debts | 43 | €568 | €273 | -€295 | -51.9% |
| Credit institutions | 430/8 | €568 | €273 | -€295 | -51.9% |
| Trade debts | 44 | €187 | €205 | +€17 | +9.3% |
| Suppliers | 440/4 | €187 | €205 | +€17 | +9.3% |
| Taxes, remuneration and social security | 45 | €18,707 | €13,992 | -€4,714 | -25.2% |
| Taxes | 450/3 | €18,707 | €13,992 | -€4,714 | -25.2% |
| Non-recurring operating income | 76A | €16,500 | - | -€16,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,579 | €9,620 | +€41 | +0.4% |
| Other operating charges | 640/8 | €2,533 | €769 | -€1,764 | -69.6% |
| Non-recurring operating charges | 66A | €1,781 | - | -€1,781 | |
| Gross operating margin | 9900 | €35,176 | €48,556 | +€13,381 | +38.0% |
| Operating profit (loss) | 9901 | €21,283 | €38,167 | +€16,884 | +79.3% |
| Financial income | 75/76B | €10,318 | €3,331 | -€6,986 | -67.7% |
| Recurring financial income | 75 | €10,318 | €3,331 | -€6,986 | -67.7% |
| Financial charges | 65/66B | €8,448 | €6,072 | -€2,376 | -28.1% |
| Recurring financial charges | 65 | €8,448 | €6,072 | -€2,376 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €23,153 | €35,427 | +€12,274 | +53.0% |
| Income taxes | 67/77 | €8,499 | €13,191 | +€4,692 | +55.2% |
| Profit (loss) for the period | 9904 | €14,654 | €22,236 | +€7,582 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,654 | €22,236 | +€7,582 | +51.7% |
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 28 September 2026 via checked.be.