VAN ENIS FRANCIS: 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.
VAN ENIS FRANCIS
Largest movements
- Current investments +€24,000
new in 2025: €24,000
- Tangible fixed assets -€12,705
down €12,705 (-6.6%), from €193,262 to €180,557
- Cash -€11,830
down €11,830 (-9.6%), from €122,665 to €110,835
mainly Current investments (-€24,000) and Receivables within one year (-€6,909)
- Receivables within one year +€6,909
up €6,909 (+77.3%), from €8,941 to €15,850
of which Other amounts receivable: +€6,960
- Reserves +€17,078
up €17,078 (+9.5%), from €179,773 to €196,851
- Debts after one year -€5,907
down €5,907 (-12.4%), from €47,456 to €41,550
- Trade debts +€5,881
new in 2025: €5,881
- Tax, wage and social debts -€5,030
no longer reported in 2025 (was €5,030)
- Accrued charges and deferred income -€3,866
down €3,866 (-92.8%), from €4,166 to €300
- Depreciation -€4,035
down €4,035 (-24.1%), from €16,741 to €12,705
- Gross operating margin -€3,993
down €3,993 (-8.3%), from €48,156 to €44,164
- Financial income +€820
up €820 (+708%), from €116 to €936
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 | €327,054 | €333,283 | +€6,229 | +1.9% |
| Fixed assets | 21/28 | €193,262 | €180,557 | -€12,705 | -6.6% |
| Tangible fixed assets | 22/27 | €193,262 | €180,557 | -€12,705 | -6.6% |
| Land and buildings | 22 | €177,129 | €170,874 | -€6,255 | -3.5% |
| Plant, machinery and equipment | 23 | €8,159 | €6,706 | -€1,453 | -17.8% |
| Furniture and vehicles | 24 | €6,483 | €2,085 | -€4,398 | -67.8% |
| Other tangible fixed assets | 26 | €1,492 | €892 | -€600 | -40.2% |
| Current assets | 29/58 | €133,792 | €152,726 | +€18,934 | +14.2% |
| Amounts receivable within one year | 40/41 | €8,941 | €15,850 | +€6,909 | +77.3% |
| Trade receivables | 40 | €51 | - | -€51 | |
| Other amounts receivable | 41 | €8,890 | €15,850 | +€6,960 | +78.3% |
| Current investments | 50/53 | - | €24,000 | +€24,000 | |
| Cash at bank and in hand | 54/58 | €122,665 | €110,835 | -€11,830 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,186 | €2,041 | -€145 | -6.6% |
| Total equity and liabilities | 10/49 | €327,054 | €333,283 | +€6,229 | +1.9% |
| Equity | 10/15 | €238,568 | €255,646 | +€17,078 | +7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,773 | €196,851 | +€17,078 | +9.5% |
| Distributable reserves | 133 | €179,773 | €196,851 | +€17,078 | +9.5% |
| Profit (loss) carried forward | 14 | €46,395 | €46,395 | = | 0.0% |
| Provisions and deferred taxes | 16 | €24,000 | €24,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €24,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable | 17/49 | €64,487 | €53,637 | -€10,850 | -16.8% |
| Amounts payable after more than one year | 17 | €47,456 | €41,550 | -€5,907 | -12.4% |
| Financial debts | 170/4 | €47,456 | €41,550 | -€5,907 | -12.4% |
| Amounts payable within one year | 42/48 | €12,865 | €11,787 | -€1,078 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €7,835 | €5,907 | -€1,928 | -24.6% |
| Trade debts | 44 | - | €5,881 | +€5,881 | |
| Suppliers | 440/4 | - | €5,881 | +€5,881 | |
| Taxes, remuneration and social security | 45 | €5,030 | - | -€5,030 | |
| Taxes | 450/3 | €5,030 | - | -€5,030 | |
| Accrued charges and deferred income | 492/3 | €4,166 | €300 | -€3,866 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,741 | €12,705 | -€4,035 | -24.1% |
| Other operating charges | 640/8 | €3,690 | €3,384 | -€306 | -8.3% |
| Gross operating margin | 9900 | €48,156 | €44,164 | -€3,993 | -8.3% |
| Operating profit (loss) | 9901 | €27,726 | €28,074 | +€348 | +1.3% |
| Financial income | 75/76B | €116 | €936 | +€820 | +708% |
| Recurring financial income | 75 | €116 | €936 | +€820 | +708% |
| Financial charges | 65/66B | €3,914 | €3,440 | -€473 | -12.1% |
| Recurring financial charges | 65 | €3,914 | €3,440 | -€473 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €23,928 | €25,570 | +€1,641 | +6.9% |
| Income taxes | 67/77 | €8,255 | €8,491 | +€237 | +2.9% |
| Profit (loss) for the period | 9904 | €15,674 | €17,078 | +€1,404 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,674 | €17,078 | +€1,404 | +9.0% |
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 31 October 2026 via checked.be.