Den Engel: 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.
Den Engel
Largest movements
- Cash -€397,983
down €397,983 (-38.4%), from €1.0m to €638,100
mainly Investment in fixed assets (net) (-€355,348) and Net result for the year (-€77,085)
- Tangible fixed assets +€332,021
up €332,021 (+183%), from €180,999 to €513,020
of which Land and buildings: +€339,476
- Profit (loss) carried forward -€77,085
down €77,085 (-20.2%), from €381,836 to €304,751
- Debts within one year +€22,031
up €22,031 (+7.9%), from €278,836 to €300,867
of which Tax, wage and social debts: +€21,489
- Staff costs +€85,911
up €85,911 (+7.7%), from €1.1m to €1.2m
- Purchases and services +€66,507
up €66,507 (+26.7%), from €249,026 to €315,533
- Gross operating margin -€26,717
down €26,717 (-2.2%), from €1.2m to €1.2m
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 | €1,366,185 | €1,305,147 | -€61,038 | -4.5% |
| Fixed assets | 21/28 | €180,999 | €513,020 | +€332,021 | +183% |
| Tangible fixed assets | 22/27 | €180,999 | €513,020 | +€332,021 | +183% |
| Land and buildings | 22 | €145,868 | €485,344 | +€339,476 | +233% |
| Plant, machinery and equipment | 23 | €25,024 | €19,297 | -€5,727 | -22.9% |
| Furniture and vehicles | 24 | €10,107 | €8,379 | -€1,728 | -17.1% |
| Current assets | 29/58 | €1,185,186 | €792,127 | -€393,059 | -33.2% |
| Amounts receivable within one year | 40/41 | €142,671 | €146,368 | +€3,697 | +2.6% |
| Other amounts receivable | 41 | €142,671 | €146,368 | +€3,697 | +2.6% |
| Cash at bank and in hand | 54/58 | €1,036,083 | €638,100 | -€397,983 | -38.4% |
| Deferred charges and accrued income | 490/1 | €6,432 | €7,659 | +€1,227 | +19.1% |
| Total equity and liabilities | 10/49 | €1,366,185 | €1,305,147 | -€61,038 | -4.5% |
| Equity | 10/15 | €1,074,893 | €997,808 | -€77,085 | -7.2% |
| Contributions | 10/11 | €263,057 | €263,057 | = | 0.0% |
| Capital | 10 | €263,057 | €263,057 | = | 0.0% |
| Reserves | 13 | €430,000 | €430,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,836 | €304,751 | -€77,085 | -20.2% |
| Amounts payable | 17/49 | €291,292 | €307,339 | +€16,047 | +5.5% |
| Amounts payable within one year | 42/48 | €278,836 | €300,867 | +€22,031 | +7.9% |
| Trade debts | 44 | €111,572 | €112,788 | +€1,216 | +1.1% |
| Suppliers | 440/4 | €111,572 | €112,788 | +€1,216 | +1.1% |
| Taxes, remuneration and social security | 45 | €122,195 | €143,684 | +€21,489 | +17.6% |
| Remuneration and social security | 454/9 | €122,195 | €143,684 | +€21,489 | +17.6% |
| Accrued charges and deferred income | 492/3 | €12,456 | €6,472 | -€5,984 | -48.0% |
| Membership fees, donations, legacies and grants | 73 | €1,413,012 | €1,454,062 | +€41,050 | +2.9% |
| Non-recurring operating income | 76A | €28,763 | €27,503 | -€1,260 | -4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €249,026 | €315,533 | +€66,507 | +26.7% |
| Remuneration, social security and pensions | 62 | €1,122,667 | €1,208,578 | +€85,911 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,470 | €23,327 | -€143 | -0.6% |
| Other operating charges | 640/8 | €4,771 | €15,681 | +€10,910 | +229% |
| Gross operating margin | 9900 | €1,192,749 | €1,166,032 | -€26,717 | -2.2% |
| Operating profit (loss) | 9901 | €41,841 | -€81,554 | -€123,395 | |
| Financial income | 75/76B | €4,494 | €4,898 | +€404 | +9.0% |
| Recurring financial income | 75 | €4,494 | €4,898 | +€404 | +9.0% |
| Financial charges | 65/66B | €349 | €429 | +€80 | +22.9% |
| Recurring financial charges | 65 | €349 | €429 | +€80 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €45,986 | -€77,085 | -€123,071 | |
| Profit (loss) for the period | 9904 | €45,986 | -€77,085 | -€123,071 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,986 | -€77,085 | -€123,071 |
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 21 October 2026 via checked.be.