ENPATEC: 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.
ENPATEC
Largest movements
- Tangible fixed assets -€65,092
down €65,092 (-33.7%), from €193,435 to €128,343
of which Leasing and similar rights: -€42,025
- Receivables within one year +€10,148
up €10,148 (+9.0%), from €112,586 to €122,734
of which Other amounts receivable: +€33,124
- Profit (loss) carried forward -€36,612
down €36,612, from €16,038 to -€20,574
- Debts after one year +€29,439
up €29,439 (+81.7%), from €36,035 to €65,473
- Reserves -€23,952
down €23,952 (-9.3%), from €257,020 to €233,068
of which Distributable reserves: -€23,952
- Trade debts -€19,725
down €19,725 (-25.0%), from €79,003 to €59,278
- Short-term financial debts -€10,722
down €10,722 (-61.3%), from €17,480 to €6,758
- Gross operating margin -€113,661
down €113,661 (-53.7%), from €211,466 to €97,805
- Taxes -€19,870
down €19,870 (-97.7%), from €20,343 to €473
- Staff costs -€19,544
down €19,544 (-28.2%), from €69,302 to €49,758
- Financial charges +€11,133
up €11,133 (+723%), from €1,540 to €12,673
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,209 | €401,460 | -€54,749 | -12.0% |
| Fixed assets | 21/28 | €193,635 | €128,543 | -€65,092 | -33.6% |
| Tangible fixed assets | 22/27 | €193,435 | €128,343 | -€65,092 | -33.7% |
| Plant, machinery and equipment | 23 | €82,037 | €60,009 | -€22,028 | -26.9% |
| Furniture and vehicles | 24 | €1,040 | - | -€1,040 | |
| Leasing and similar rights | 25 | €110,359 | €68,334 | -€42,025 | -38.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €262,573 | €272,917 | +€10,344 | +3.9% |
| Amounts receivable after more than one year | 29 | €37,301 | €37,301 | = | 0.0% |
| Other amounts receivable | 291 | €37,301 | €37,301 | = | 0.0% |
| Stocks and contracts in progress | 3 | €107,923 | €109,256 | +€1,333 | +1.2% |
| Stocks | 30/36 | €107,923 | €109,256 | +€1,333 | +1.2% |
| Amounts receivable within one year | 40/41 | €112,586 | €122,734 | +€10,148 | +9.0% |
| Trade receivables | 40 | €77,678 | €54,702 | -€22,976 | -29.6% |
| Other amounts receivable | 41 | €34,908 | €68,032 | +€33,124 | +94.9% |
| Deferred charges and accrued income | 490/1 | €4,763 | €3,627 | -€1,137 | -23.9% |
| Total equity and liabilities | 10/49 | €456,209 | €401,460 | -€54,749 | -12.0% |
| Equity | 10/15 | €284,058 | €223,494 | -€60,563 | -21.3% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €257,020 | €233,068 | -€23,952 | -9.3% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,100 | €1,100 | = | 0.0% |
| Distributable reserves | 133 | €255,920 | €231,968 | -€23,952 | -9.4% |
| Profit (loss) carried forward | 14 | €16,038 | -€20,574 | -€36,612 | |
| Amounts payable | 17/49 | €172,151 | €177,966 | +€5,815 | +3.4% |
| Amounts payable after more than one year | 17 | €36,035 | €65,473 | +€29,439 | +81.7% |
| Financial debts | 170/4 | €36,035 | €65,473 | +€29,439 | +81.7% |
| Amounts payable within one year | 42/48 | €136,116 | €112,492 | -€23,624 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €29,690 | €38,660 | +€8,970 | +30.2% |
| Financial debts | 43 | €17,480 | €6,758 | -€10,722 | -61.3% |
| Credit institutions | 430/8 | €17,480 | €6,758 | -€10,722 | -61.3% |
| Trade debts | 44 | €79,003 | €59,278 | -€19,725 | -25.0% |
| Suppliers | 440/4 | €79,003 | €59,278 | -€19,725 | -25.0% |
| Taxes, remuneration and social security | 45 | €4,343 | €7,797 | +€3,454 | +79.5% |
| Taxes | 450/3 | €2,567 | €7,797 | +€5,229 | +204% |
| Remuneration and social security | 454/9 | €1,776 | - | -€1,776 | |
| Other amounts payable | 47/48 | €5,600 | - | -€5,600 | |
| Remuneration, social security and pensions | 62 | €69,302 | €49,758 | -€19,544 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,427 | €70,542 | +€115 | +0.2% |
| Other operating charges | 640/8 | €952 | €971 | +€19 | +2.0% |
| Gross operating margin | 9900 | €211,466 | €97,805 | -€113,661 | -53.7% |
| Operating profit (loss) | 9901 | €70,785 | -€23,466 | -€94,251 | |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,540 | €12,673 | +€11,133 | +723% |
| Recurring financial charges | 65 | €1,540 | €12,673 | +€11,133 | +723% |
| Profit (loss) for the period before taxes | 9903 | €69,274 | -€36,139 | -€105,413 | |
| Income taxes | 67/77 | €20,343 | €473 | -€19,870 | -97.7% |
| Profit (loss) for the period | 9904 | €48,931 | -€36,612 | -€85,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,931 | -€36,612 | -€85,543 |
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 18 October 2026 via checked.be.