ENNIM: 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.
ENNIM
Largest movements
- Tangible fixed assets -€168,500
down €168,500 (-3.1%), from €5.5m to €5.3m
- Debts after one year -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Reserves -€112,851
down €112,851 (-3.9%), from €2.9m to €2.8m
of which Tax-exempt reserves: -€112,851
- Profit (loss) carried forward +€88,296
up €88,296 (+6.3%), from €1.4m to €1.5m
- Gross operating margin +€10,493
up €10,493 (+4.6%), from €226,991 to €237,484
- Taxes +€2,855
up €2,855 (+10.7%), from €26,577 to €29,432
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 | €7,819,550 | €7,600,260 | -€219,290 | -2.8% |
| Fixed assets | 21/28 | €6,277,324 | €6,108,825 | -€168,500 | -2.7% |
| Tangible fixed assets | 22/27 | €5,467,324 | €5,298,825 | -€168,500 | -3.1% |
| Land and buildings | 22 | €5,467,324 | €5,298,825 | -€168,500 | -3.1% |
| Financial fixed assets | 28 | €810,000 | €810,000 | = | 0.0% |
| Current assets | 29/58 | €1,542,225 | €1,491,436 | -€50,790 | -3.3% |
| Amounts receivable within one year | 40/41 | €1,251,726 | €1,252,092 | +€366 | 0.0% |
| Other amounts receivable | 41 | €1,251,726 | €1,252,092 | +€366 | 0.0% |
| Cash at bank and in hand | 54/58 | €278,635 | €227,350 | -€51,284 | -18.4% |
| Deferred charges and accrued income | 490/1 | €11,865 | €11,993 | +€128 | +1.1% |
| Total equity and liabilities | 10/49 | €7,819,550 | €7,600,260 | -€219,290 | -2.8% |
| Equity | 10/15 | €4,715,712 | €4,691,157 | -€24,555 | -0.5% |
| Contributions | 10/11 | €446,208 | €446,208 | = | 0.0% |
| Capital | 10 | €446,208 | €446,208 | = | 0.0% |
| Issued capital | 100 | €446,208 | €446,208 | = | 0.0% |
| Reserves | 13 | €2,864,451 | €2,751,601 | -€112,851 | -3.9% |
| Non-distributable reserves | 130/1 | €44,621 | €44,621 | = | 0.0% |
| Legal reserve | 130 | €44,621 | €44,621 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,799,999 | €2,687,148 | -€112,851 | -4.0% |
| Distributable reserves | 133 | €19,831 | €19,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,405,053 | €1,493,349 | +€88,296 | +6.3% |
| Provisions and deferred taxes | 16 | €1,501,751 | €1,454,348 | -€47,403 | -3.2% |
| Deferred taxes | 168 | €1,501,751 | €1,454,348 | -€47,403 | -3.2% |
| Amounts payable | 17/49 | €1,602,087 | €1,454,755 | -€147,332 | -9.2% |
| Amounts payable after more than one year | 17 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Financial debts | 170/4 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Amounts payable within one year | 42/48 | €1,086,418 | €1,137,363 | +€50,946 | +4.7% |
| Trade debts | 44 | €1,484 | €1,551 | +€67 | +4.5% |
| Suppliers | 440/4 | €1,484 | €1,551 | +€67 | +4.5% |
| Other amounts payable | 47/48 | €1,084,934 | €1,135,813 | +€50,879 | +4.7% |
| Accrued charges and deferred income | 492/3 | €215,669 | €167,392 | -€48,277 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,500 | €168,500 | = | 0.0% |
| Other operating charges | 640/8 | €17,870 | €17,581 | -€289 | -1.6% |
| Gross operating margin | 9900 | €226,991 | €237,484 | +€10,493 | +4.6% |
| Operating profit (loss) | 9901 | €40,621 | €51,403 | +€10,782 | +26.5% |
| Financial charges | 65/66B | €94,568 | €93,929 | -€639 | -0.7% |
| Recurring financial charges | 65 | €94,568 | €93,929 | -€639 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,947 | -€42,526 | +€11,421 | +21.2% |
| Transfer from deferred taxes | 780 | €47,403 | €47,403 | = | 0.0% |
| Income taxes | 67/77 | €26,577 | €29,432 | +€2,855 | +10.7% |
| Profit (loss) for the period | 9904 | -€33,120 | -€24,555 | +€8,565 | +25.9% |
| Transfer from tax-exempt reserves | 789 | €112,851 | €112,851 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,730 | €88,296 | +€8,565 | +10.7% |
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 4 October 2026 via checked.be.