ENMINO: 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.
ENMINO
Largest movements
- Tangible fixed assets -€114,547
down €114,547 (-38.4%), from €298,649 to €184,102
of which Other tangible fixed assets: -€84,701
- Cash -€92,936
down €92,936 (-65.6%), from €141,651 to €48,715
mainly Other debts (-€194,324) and Stocks and contracts (-€28,454)
- Stocks and contracts +€28,454
up €28,454 (+13.7%), from €208,266 to €236,719
- Other debts -€194,324
down €194,324 (-100%), from €194,324 to €0
- Profit (loss) carried forward +€43,158
up €43,158 (+56.3%), from €76,655 to €119,813
- Trade debts -€24,280
down €24,280 (-9.2%), from €262,676 to €238,396
- Debts after one year -€22,145
down €22,145 (-100%), from €22,145 to €0
- Tax, wage and social debts +€12,343
up €12,343 (+25.4%), from €48,594 to €60,937
of which Remuneration and social security: +€8,667
- Gross operating margin +€39,120
up €39,120 (+10.6%), from €369,565 to €408,686
- Other operating charges -€12,408
down €12,408 (-67.6%), from €18,368 to €5,959
- Staff costs +€8,030
up €8,030 (+3.6%), from €223,260 to €231,290
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 | €678,170 | €491,291 | -€186,880 | -27.6% |
| Fixed assets | 21/28 | €298,649 | €185,602 | -€113,047 | -37.9% |
| Tangible fixed assets | 22/27 | €298,649 | €184,102 | -€114,547 | -38.4% |
| Plant, machinery and equipment | 23 | €75,490 | €57,397 | -€18,093 | -24.0% |
| Furniture and vehicles | 24 | €27,162 | €15,409 | -€11,753 | -43.3% |
| Other tangible fixed assets | 26 | €195,997 | €111,296 | -€84,701 | -43.2% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €379,522 | €305,689 | -€73,833 | -19.5% |
| Stocks and contracts in progress | 3 | €208,266 | €236,719 | +€28,454 | +13.7% |
| Stocks | 30/36 | €208,266 | €236,719 | +€28,454 | +13.7% |
| Amounts receivable within one year | 40/41 | €11,769 | €6,261 | -€5,508 | -46.8% |
| Trade receivables | 40 | €6,286 | €5,303 | -€983 | -15.6% |
| Other amounts receivable | 41 | €5,483 | €958 | -€4,525 | -82.5% |
| Cash at bank and in hand | 54/58 | €141,651 | €48,715 | -€92,936 | -65.6% |
| Deferred charges and accrued income | 490/1 | €17,835 | €13,993 | -€3,842 | -21.5% |
| Total equity and liabilities | 10/49 | €678,170 | €491,291 | -€186,880 | -27.6% |
| Equity | 10/15 | €126,655 | €169,813 | +€43,158 | +34.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,655 | €119,813 | +€43,158 | +56.3% |
| Amounts payable | 17/49 | €551,516 | €321,478 | -€230,038 | -41.7% |
| Amounts payable after more than one year | 17 | €22,145 | €0 | -€22,145 | -100% |
| Financial debts | 170/4 | €22,145 | €0 | -€22,145 | -100% |
| Amounts payable within one year | 42/48 | €529,371 | €321,478 | -€207,893 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €23,777 | €22,145 | -€1,633 | -6.9% |
| Trade debts | 44 | €262,676 | €238,396 | -€24,280 | -9.2% |
| Suppliers | 440/4 | €262,676 | €238,396 | -€24,280 | -9.2% |
| Taxes, remuneration and social security | 45 | €48,594 | €60,937 | +€12,343 | +25.4% |
| Taxes | 450/3 | €65 | €3,741 | +€3,676 | +5,661% |
| Remuneration and social security | 454/9 | €48,529 | €57,195 | +€8,667 | +17.9% |
| Other amounts payable | 47/48 | €194,324 | €0 | -€194,324 | -100% |
| Non-recurring operating income | 76A | €4,680 | €8,888 | +€4,209 | +89.9% |
| Remuneration, social security and pensions | 62 | €223,260 | €231,290 | +€8,030 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,853 | €119,704 | +€1,851 | +1.6% |
| Other operating charges | 640/8 | €18,368 | €5,959 | -€12,408 | -67.6% |
| Gross operating margin | 9900 | €369,565 | €408,686 | +€39,120 | +10.6% |
| Operating profit (loss) | 9901 | €10,085 | €51,732 | +€41,648 | +413% |
| Financial income | 75/76B | €732 | €33 | -€699 | -95.4% |
| Recurring financial income | 75 | €732 | €33 | -€699 | -95.4% |
| Financial charges | 65/66B | €10,993 | €8,473 | -€2,520 | -22.9% |
| Recurring financial charges | 65 | €10,993 | €8,473 | -€2,520 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€177 | €43,293 | +€43,469 | |
| Income taxes | 67/77 | €65 | €135 | +€70 | +107% |
| Profit (loss) for the period | 9904 | -€242 | €43,158 | +€43,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€242 | €43,158 | +€43,400 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.