ENKO: 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.
ENKO
Largest movements
- Cash +€9,456
up €9,456 (+59.8%), from €15,811 to €25,267
mainly Net result for the year (+€92,993) and Other debts (+€57,562)
- Other debts +€57,562
up €57,562 (+60.4%), from €95,254 to €152,816
- Reserves -€52,359
down €52,359 (-100.0%), from €52,359 to €0
- Tax, wage and social debts +€6,549
up €6,549 (+88.1%), from €7,432 to €13,981
- Depreciation -€7,478
down €7,478 (-82.6%), from €9,057 to €1,579
- Gross operating margin -€2,384
down €2,384 (-1.9%), from €125,812 to €123,427
- Taxes +€1,451
up €1,451 (+5.9%), from €24,774 to €26,225
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 | €176,374 | €186,321 | +€9,946 | +5.6% |
| Fixed assets | 21/28 | €132,582 | €134,133 | +€1,551 | +1.2% |
| Tangible fixed assets | 22/27 | €132,582 | €134,133 | +€1,551 | +1.2% |
| Land and buildings | 22 | €129,148 | €129,148 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,950 | €959 | -€991 | -50.8% |
| Furniture and vehicles | 24 | €1,484 | €4,027 | +€2,542 | +171.3% |
| Current assets | 29/58 | €43,792 | €52,188 | +€8,395 | +19.2% |
| Amounts receivable within one year | 40/41 | €23,430 | €23,937 | +€507 | +2.2% |
| Trade receivables | 40 | €23,204 | €23,937 | +€733 | +3.2% |
| Other amounts receivable | 41 | €226 | €0 | -€226 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,811 | €25,267 | +€9,456 | +59.8% |
| Deferred charges and accrued income | 490/1 | €4,552 | €2,984 | -€1,568 | -34.5% |
| Total equity and liabilities | 10/49 | €176,374 | €186,321 | +€9,946 | +5.6% |
| Equity | 10/15 | €70,959 | €18,600 | -€52,359 | -73.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,359 | €0 | -€52,359 | -100.0% |
| Distributable reserves | 133 | €52,359 | €0 | -€52,359 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,416 | €167,721 | +€62,305 | +59.1% |
| Amounts payable within one year | 42/48 | €105,416 | €167,721 | +€62,305 | +59.1% |
| Trade debts | 44 | €2,731 | €924 | -€1,806 | -66.2% |
| Suppliers | 440/4 | €2,731 | €924 | -€1,806 | -66.2% |
| Taxes, remuneration and social security | 45 | €7,432 | €13,981 | +€6,549 | +88.1% |
| Taxes | 450/3 | €7,432 | €13,981 | +€6,549 | +88.1% |
| Other amounts payable | 47/48 | €95,254 | €152,816 | +€57,562 | +60.4% |
| Remuneration, social security and pensions | 62 | €1,673 | €1,746 | +€73 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,057 | €1,579 | -€7,478 | -82.6% |
| Other operating charges | 640/8 | €597 | €614 | +€18 | +3.0% |
| Gross operating margin | 9900 | €125,812 | €123,427 | -€2,384 | -1.9% |
| Operating profit (loss) | 9901 | €114,485 | €119,488 | +€5,003 | +4.4% |
| Financial income | 75/76B | €0 | €149 | +€149 | +37152.5% |
| Recurring financial income | 75 | €0 | €149 | +€149 | +37152.5% |
| Financial charges | 65/66B | €557 | €419 | -€138 | -24.8% |
| Recurring financial charges | 65 | €557 | €419 | -€138 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €113,929 | €119,219 | +€5,290 | +4.6% |
| Income taxes | 67/77 | €24,774 | €26,225 | +€1,451 | +5.9% |
| Profit (loss) for the period | 9904 | €89,154 | €92,993 | +€3,839 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,154 | €92,993 | +€3,839 | +4.3% |
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 9 October 2026 via checked.be.