ENSIN: 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.
ENSIN
Largest movements
- Tangible fixed assets +€76,558
up €76,558 (+3799.1%), from €2,015 to €78,573
of which Furniture and vehicles: +€71,573
- Cash -€48,200
down €48,200 (-74.1%), from €65,027 to €16,827
mainly Investment in fixed assets (net) (-€87,719) and Contributions, distributions and other (-€56,800)
- Intangible fixed assets -€16,000
down €16,000 (-16.0%), from €100,000 to €84,000
- Receivables within one year -€3,200
down €3,200 (-100.0%), from €3,200 to €0
of which Trade receivables: -€1,750
- Deferred charges and accrued income +€2,556
up €2,556 (+1239.5%), from €206 to €2,762
- Current portion of long-term debt +€33,730
new in 2025: €33,730
- Debts after one year -€31,297
down €31,297 (-36.1%), from €86,580 to €55,284
- Tax, wage and social debts +€3,786
up €3,786 (+22.9%), from €16,516 to €20,301
- Trade debts +€3,300
up €3,300 (+294.7%), from €1,120 to €4,420
- Other debts +€3,280
up €3,280 (+7.3%), from €45,000 to €48,280
- Gross operating margin +€31,748
up €31,748 (+39.1%), from €81,158 to €112,907
- Depreciation +€10,008
up €10,008 (+58.3%), from €17,153 to €27,161
- Taxes +€4,156
up €4,156 (+30.7%), from €13,545 to €17,700
- Other operating charges +€2,731
up €2,731 (+120.9%), from €2,258 to €4,988
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 | €170,448 | €182,163 | +€11,714 | +6.9% |
| Fixed assets | 21/28 | €102,015 | €162,574 | +€60,558 | +59.4% |
| Intangible fixed assets | 21 | €100,000 | €84,000 | -€16,000 | -16.0% |
| Tangible fixed assets | 22/27 | €2,015 | €78,573 | +€76,558 | +3799.1% |
| Plant, machinery and equipment | 23 | €0 | €4,985 | +€4,985 | |
| Furniture and vehicles | 24 | €2,015 | €73,588 | +€71,573 | +3551.7% |
| Current assets | 29/58 | €68,433 | €19,589 | -€48,844 | -71.4% |
| Amounts receivable within one year | 40/41 | €3,200 | €0 | -€3,200 | -100.0% |
| Trade receivables | 40 | €1,750 | €0 | -€1,750 | -100.0% |
| Other amounts receivable | 41 | €1,450 | €0 | -€1,450 | -100.0% |
| Cash at bank and in hand | 54/58 | €65,027 | €16,827 | -€48,200 | -74.1% |
| Deferred charges and accrued income | 490/1 | €206 | €2,762 | +€2,556 | +1239.5% |
| Total equity and liabilities | 10/49 | €170,448 | €182,163 | +€11,714 | +6.9% |
| Equity | 10/15 | €17,649 | €17,686 | +€37 | +0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,649 | €12,686 | +€37 | +0.3% |
| Amounts payable | 17/49 | €152,800 | €164,476 | +€11,677 | +7.6% |
| Amounts payable after more than one year | 17 | €86,580 | €55,284 | -€31,297 | -36.1% |
| Financial debts | 170/4 | €86,580 | €55,284 | -€31,297 | -36.1% |
| Amounts payable within one year | 42/48 | €62,635 | €106,731 | +€44,095 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | - | €33,730 | +€33,730 | |
| Trade debts | 44 | €1,120 | €4,420 | +€3,300 | +294.7% |
| Suppliers | 440/4 | €1,120 | €4,420 | +€3,300 | +294.7% |
| Taxes, remuneration and social security | 45 | €16,516 | €20,301 | +€3,786 | +22.9% |
| Taxes | 450/3 | €16,516 | €20,301 | +€3,786 | +22.9% |
| Other amounts payable | 47/48 | €45,000 | €48,280 | +€3,280 | +7.3% |
| Accrued charges and deferred income | 492/3 | €3,584 | €2,462 | -€1,122 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,153 | €27,161 | +€10,008 | +58.3% |
| Other operating charges | 640/8 | €2,258 | €4,988 | +€2,731 | +120.9% |
| Gross operating margin | 9900 | €81,158 | €112,907 | +€31,748 | +39.1% |
| Operating profit (loss) | 9901 | €61,748 | €80,757 | +€19,010 | +30.8% |
| Financial charges | 65/66B | €5,260 | €6,220 | +€960 | +18.3% |
| Recurring financial charges | 65 | €5,260 | €6,220 | +€960 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €56,488 | €74,538 | +€18,050 | +32.0% |
| Income taxes | 67/77 | €13,545 | €17,700 | +€4,156 | +30.7% |
| Profit (loss) for the period | 9904 | €42,943 | €56,837 | +€13,894 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,943 | €56,837 | +€13,894 | +32.4% |
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 3 October 2026 via checked.be.