ENPI: 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.
ENPI
Largest movements
- Tangible fixed assets -€4,559
down €4,559 (-8.9%), from €51,360 to €46,800
of which Land and buildings: -€7,239
- Receivables within one year +€3,207
up €3,207 (+9.3%), from €34,309 to €37,516
- Cash +€1,028
up €1,028 (+25.1%), from €4,098 to €5,126
mainly Depreciation (+€10,211) and Net result for the year (+€1,845)
- Other debts -€1,961
down €1,961 (-1.5%), from €127,123 to €125,162
- Profit (loss) carried forward +€1,845
up €1,845 (+1.1%), from -€173,201 to -€171,356
- Turnover +€6,300
up €6,300 (+35.6%), from €17,700 to €24,000
- Gross operating margin +€6,056
up €6,056 (+65.5%), from €9,247 to €15,303
- Purchases and services +€244
up €244 (+2.9%), from €8,453 to €8,697
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 | €89,845 | €89,522 | -€324 | -0.4% |
| Fixed assets | 21/28 | €51,439 | €46,879 | -€4,559 | -8.9% |
| Tangible fixed assets | 22/27 | €51,360 | €46,800 | -€4,559 | -8.9% |
| Land and buildings | 22 | €49,129 | €41,890 | -€7,239 | -14.7% |
| Plant, machinery and equipment | 23 | €2,231 | €4,910 | +€2,680 | +120.1% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €38,407 | €42,643 | +€4,236 | +11.0% |
| Amounts receivable within one year | 40/41 | €34,309 | €37,516 | +€3,207 | +9.3% |
| Other amounts receivable | 41 | €34,309 | €37,516 | +€3,207 | +9.3% |
| Cash at bank and in hand | 54/58 | €4,098 | €5,126 | +€1,028 | +25.1% |
| Total equity and liabilities | 10/49 | €89,845 | €89,522 | -€324 | -0.4% |
| Equity | 10/15 | -€38,099 | -€36,254 | +€1,845 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €116,510 | €116,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,201 | -€171,356 | +€1,845 | +1.1% |
| Amounts payable | 17/49 | €127,944 | €125,776 | -€2,169 | -1.7% |
| Amounts payable within one year | 42/48 | €127,944 | €125,776 | -€2,169 | -1.7% |
| Trade debts | 44 | €822 | €614 | -€208 | -25.3% |
| Suppliers | 440/4 | €822 | €614 | -€208 | -25.3% |
| Other amounts payable | 47/48 | €127,123 | €125,162 | -€1,961 | -1.5% |
| Turnover | 70 | €17,700 | €24,000 | +€6,300 | +35.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,453 | €8,697 | +€244 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,092 | €10,211 | +€119 | +1.2% |
| Other operating charges | 640/8 | €3,056 | €3,152 | +€97 | +3.2% |
| Gross operating margin | 9900 | €9,247 | €15,303 | +€6,056 | +65.5% |
| Operating profit (loss) | 9901 | -€3,901 | €1,940 | +€5,841 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €173 | €95 | -€78 | -45.0% |
| Recurring financial charges | 65 | €173 | €95 | -€78 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,074 | €1,845 | +€5,919 | |
| Profit (loss) for the period | 9904 | -€4,074 | €1,845 | +€5,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,074 | €1,845 | +€5,919 |
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 30 September 2026 via checked.be.