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 +€13,369
up €13,369 (+46.1%), from €28,976 to €42,345
mainly Net result for the year (+€18,935) and Tax, wage and social debts (+€4,211)
- Receivables within one year +€9,263
up €9,263 (+158%), from €5,874 to €15,137
of which Other amounts receivable: +€9,449
- Profit (loss) carried forward +€18,935
up €18,935 (+55.9%), from €33,879 to €52,815
- Tax, wage and social debts +€4,211
up €4,211 (+104%), from €4,042 to €8,253
of which Taxes: +€4,211
- Trade debts -€1,226
down €1,226 (-24.6%), from €4,989 to €3,763
- Gross operating margin +€22,036
up €22,036 (+107%), from €20,578 to €42,614
- Staff costs +€12,054
up €12,054 (+3,112%), from €387 to €12,441
- Taxes +€4,175
up €4,175 (+313%), from €1,334 to €5,509
- Financial charges +€1,466
up €1,466 (+990%), from €148 to €1,614
- Depreciation -€1,198
down €1,198 (-34.2%), from €3,502 to €2,304
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 | €51,652 | €72,898 | +€21,246 | +41.1% |
| Fixed assets | 21/28 | €8,813 | €8,055 | -€757 | -8.6% |
| Intangible fixed assets | 21 | €375 | - | -€375 | |
| Tangible fixed assets | 22/27 | €4,493 | €4,110 | -€382 | -8.5% |
| Plant, machinery and equipment | 23 | €3,949 | €3,862 | -€87 | -2.2% |
| Furniture and vehicles | 24 | €544 | €248 | -€295 | -54.3% |
| Financial fixed assets | 28 | €3,945 | €3,945 | = | 0.0% |
| Current assets | 29/58 | €42,839 | €64,843 | +€22,003 | +51.4% |
| Stocks and contracts in progress | 3 | €7,989 | €7,360 | -€629 | -7.9% |
| Stocks | 30/36 | €7,989 | €7,360 | -€629 | -7.9% |
| Amounts receivable within one year | 40/41 | €5,874 | €15,137 | +€9,263 | +158% |
| Trade receivables | 40 | €1,792 | €1,606 | -€186 | -10.4% |
| Other amounts receivable | 41 | €4,082 | €13,531 | +€9,449 | +232% |
| Cash at bank and in hand | 54/58 | €28,976 | €42,345 | +€13,369 | +46.1% |
| Total equity and liabilities | 10/49 | €51,652 | €72,898 | +€21,246 | +41.1% |
| Equity | 10/15 | €41,939 | €60,875 | +€18,935 | +45.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,879 | €52,815 | +€18,935 | +55.9% |
| Amounts payable | 17/49 | €9,712 | €12,023 | +€2,311 | +23.8% |
| Amounts payable within one year | 42/48 | €9,712 | €12,023 | +€2,311 | +23.8% |
| Trade debts | 44 | €4,989 | €3,763 | -€1,226 | -24.6% |
| Suppliers | 440/4 | €4,989 | €3,763 | -€1,226 | -24.6% |
| Taxes, remuneration and social security | 45 | €4,042 | €8,253 | +€4,211 | +104% |
| Taxes | 450/3 | €2,667 | €6,878 | +€4,211 | +158% |
| Remuneration and social security | 454/9 | €1,375 | €1,375 | = | 0.0% |
| Other amounts payable | 47/48 | €681 | €7 | -€674 | -99.0% |
| Remuneration, social security and pensions | 62 | €387 | €12,441 | +€12,054 | +3,112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,502 | €2,304 | -€1,198 | -34.2% |
| Other operating charges | 640/8 | €2,165 | €1,815 | -€350 | -16.2% |
| Non-recurring operating charges | 66A | €2,914 | - | -€2,914 | |
| Gross operating margin | 9900 | €20,578 | €42,614 | +€22,036 | +107% |
| Operating profit (loss) | 9901 | €11,609 | €26,054 | +€14,444 | +124% |
| Financial income | 75/76B | €67 | €5 | -€63 | -93.3% |
| Recurring financial income | 75 | €67 | €5 | -€63 | -93.3% |
| Financial charges | 65/66B | €148 | €1,614 | +€1,466 | +990% |
| Recurring financial charges | 65 | €148 | €1,614 | +€1,466 | +990% |
| Profit (loss) for the period before taxes | 9903 | €11,529 | €24,445 | +€12,916 | +112% |
| Income taxes | 67/77 | €1,334 | €5,509 | +€4,175 | +313% |
| Profit (loss) for the period | 9904 | €10,195 | €18,935 | +€8,741 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,195 | €18,935 | +€8,741 | +85.7% |
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 27 October 2026 via checked.be.