vent d'ENFAN: 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.
vent d'ENFAN
Largest movements
- Receivables after one year -€810,000
down €810,000 (-100%), from €810,000 to €0
- Financial fixed assets +€802,639
up €802,639 (+194%), from €413,300 to €1.2m
- Cash +€169,937
up €169,937 (+2,189%), from €7,763 to €177,701
mainly Receivables after one year (+€810,000) and Short-term financial debts (+€185,000)
- Receivables within one year -€105,769
down €105,769 (-88.7%), from €119,226 to €13,457
of which Other amounts receivable: -€105,769
- Short-term financial debts +€185,000
new in 2025: €185,000
- Current portion of long-term debt -€100,000
down €100,000 (-100%), from €100,000 to €0
- Debts after one year -€75,000
down €75,000 (-14.0%), from €535,000 to €460,000
of which Financial debts: -€535,000
- Other debts +€31,241
new in 2025: €31,241
- Contributions +€22,750
up €22,750 (+3.4%), from €671,500 to €694,250
- Financial income -€65,264
down €65,264 (-57.1%), from €114,381 to €49,117
of which Financial income: -€65,264
- Taxes -€6,445
down €6,445 (-82.6%), from €7,803 to €1,358
- Gross operating margin -€6,228
down €6,228, from €4,205 to -€2,023
- Purchases and services +€6,228
up €6,228 (+783%), from €795 to €7,023
- Financial charges -€3,936
down €3,936 (-14.3%), from €27,605 to €23,668
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 | €1,350,289 | €1,407,097 | +€56,807 | +4.2% |
| Fixed assets | 21/28 | €413,300 | €1,215,939 | +€802,639 | +194% |
| Financial fixed assets | 28 | €413,300 | €1,215,939 | +€802,639 | +194% |
| Current assets | 29/58 | €936,989 | €191,158 | -€745,832 | -79.6% |
| Amounts receivable after more than one year | 29 | €810,000 | €0 | -€810,000 | -100% |
| Other amounts receivable | 291 | €810,000 | €0 | -€810,000 | -100% |
| Amounts receivable within one year | 40/41 | €119,226 | €13,457 | -€105,769 | -88.7% |
| Trade receivables | 40 | €6,050 | €6,050 | = | 0.0% |
| Other amounts receivable | 41 | €113,176 | €7,407 | -€105,769 | -93.5% |
| Cash at bank and in hand | 54/58 | €7,763 | €177,701 | +€169,937 | +2,189% |
| Total equity and liabilities | 10/49 | €1,350,289 | €1,407,097 | +€56,807 | +4.2% |
| Equity | 10/15 | €700,265 | €712,588 | +€12,322 | +1.8% |
| Contributions | 10/11 | €671,500 | €694,250 | +€22,750 | +3.4% |
| Capital | 10 | €671,500 | - | -€671,500 | |
| Issued capital | 100 | €671,500 | - | -€671,500 | |
| Profit (loss) carried forward | 14 | €28,765 | €18,338 | -€10,428 | -36.3% |
| Amounts payable | 17/49 | €650,024 | €694,509 | +€44,485 | +6.8% |
| Amounts payable after more than one year | 17 | €535,000 | €460,000 | -€75,000 | -14.0% |
| Financial debts | 170/4 | €535,000 | €0 | -€535,000 | -100% |
| Other amounts payable | 178/9 | - | €460,000 | +€460,000 | |
| Amounts payable within one year | 42/48 | €108,762 | €229,011 | +€120,249 | +111% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €0 | -€100,000 | -100% |
| Financial debts | 43 | - | €185,000 | +€185,000 | |
| Other loans | 439 | - | €185,000 | +€185,000 | |
| Trade debts | 44 | €404 | €3,400 | +€2,996 | +742% |
| Suppliers | 440/4 | €404 | €3,400 | +€2,996 | +742% |
| Taxes, remuneration and social security | 45 | €8,358 | €9,369 | +€1,012 | +12.1% |
| Taxes | 450/3 | €8,358 | €9,369 | +€1,012 | +12.1% |
| Other amounts payable | 47/48 | - | €31,241 | +€31,241 | |
| Accrued charges and deferred income | 492/3 | €6,263 | €5,499 | -€764 | -12.2% |
| Turnover | 70 | €5,000 | €5,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €795 | €7,023 | +€6,228 | +783% |
| Other operating charges | 640/8 | €1,053 | €1,255 | +€202 | +19.2% |
| Gross operating margin | 9900 | €4,205 | -€2,023 | -€6,228 | |
| Operating profit (loss) | 9901 | €3,152 | -€3,278 | -€6,430 | |
| Financial income | 75/76B | €114,381 | €49,117 | -€65,264 | -57.1% |
| Recurring financial income | 75 | €113,381 | €48,117 | -€65,264 | -57.6% |
| Non-recurring financial income | 76B | €1,000 | €1,000 | = | 0.0% |
| Financial charges | 65/66B | €27,605 | €23,668 | -€3,936 | -14.3% |
| Recurring financial charges | 65 | €27,605 | €23,668 | -€3,936 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €89,929 | €22,172 | -€67,757 | -75.3% |
| Income taxes | 67/77 | €7,803 | €1,358 | -€6,445 | -82.6% |
| Profit (loss) for the period | 9904 | €82,126 | €20,814 | -€61,312 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,126 | €20,814 | -€61,312 | -74.7% |
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 1 November 2026 via checked.be.