DEUREN ENGELS: 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.
DEUREN ENGELS
Largest movements
- Tangible fixed assets -€170,155
down €170,155 (-5.5%), from €3.1m to €3.0m
of which Land and buildings: -€95,553
- Stocks and contracts -€132,392
down €132,392 (-26.6%), from €497,323 to €364,931
of which Stocks: -€71,916
- Cash +€91,610
up €91,610 (+152%), from €60,277 to €151,887
mainly Depreciation (+€229,179) and Stocks and contracts (+€132,392)
- Receivables within one year +€65,870
up €65,870 (+18.2%), from €361,174 to €427,044
of which Trade receivables: +€83,831
- Debts after one year -€145,873
down €145,873 (-10.9%), from €1.3m to €1.2m
- Reserves +€96,901
up €96,901 (+7.4%), from €1.3m to €1.4m
of which Distributable reserves: +€115,583
- Trade debts -€77,658
down €77,658 (-42.1%), from €184,477 to €106,819
- Gross operating margin -€92,954
down €92,954 (-17.0%), from €545,825 to €452,871
- Staff costs -€32,912
down €32,912, from €32,826 to -€86
- Write-downs -€20,492
down €20,492 (-98.3%), from €20,851 to €359
- Financial charges +€10,975
up €10,975 (+19.4%), from €56,595 to €67,570
- Taxes -€10,722
down €10,722 (-17.7%), from €60,724 to €50,002
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 | €4,058,717 | €3,906,755 | -€151,963 | -3.7% |
| Fixed assets | 21/28 | €3,121,652 | €2,951,496 | -€170,155 | -5.5% |
| Tangible fixed assets | 22/27 | €3,121,366 | €2,951,211 | -€170,155 | -5.5% |
| Land and buildings | 22 | €2,587,039 | €2,491,486 | -€95,553 | -3.7% |
| Plant, machinery and equipment | 23 | €474,183 | €397,218 | -€76,965 | -16.2% |
| Furniture and vehicles | 24 | €60,145 | €62,507 | +€2,362 | +3.9% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €937,066 | €955,259 | +€18,193 | +1.9% |
| Stocks and contracts in progress | 3 | €497,323 | €364,931 | -€132,392 | -26.6% |
| Stocks | 30/36 | €341,295 | €269,379 | -€71,916 | -21.1% |
| Contracts in progress | 37 | €156,028 | €95,553 | -€60,476 | -38.8% |
| Amounts receivable within one year | 40/41 | €361,174 | €427,044 | +€65,870 | +18.2% |
| Trade receivables | 40 | €342,819 | €426,650 | +€83,831 | +24.5% |
| Other amounts receivable | 41 | €18,355 | €394 | -€17,961 | -97.9% |
| Cash at bank and in hand | 54/58 | €60,277 | €151,887 | +€91,610 | +152% |
| Deferred charges and accrued income | 490/1 | €18,292 | €11,397 | -€6,895 | -37.7% |
| Total equity and liabilities | 10/49 | €4,058,717 | €3,906,755 | -€151,963 | -3.7% |
| Equity | 10/15 | €2,194,792 | €2,291,693 | +€96,901 | +4.4% |
| Contributions | 10/11 | €372,400 | €372,400 | = | 0.0% |
| Reserves | 13 | €1,312,641 | €1,409,542 | +€96,901 | +7.4% |
| Tax-exempt reserves | 132 | €336,140 | €317,458 | -€18,682 | -5.6% |
| Distributable reserves | 133 | €976,500 | €1,092,083 | +€115,583 | +11.8% |
| Profit (loss) carried forward | 14 | €509,752 | €509,752 | = | 0.0% |
| Provisions and deferred taxes | 16 | €84,035 | €79,365 | -€4,670 | -5.6% |
| Deferred taxes | 168 | €84,035 | €79,365 | -€4,670 | -5.6% |
| Amounts payable | 17/49 | €1,779,890 | €1,535,697 | -€244,193 | -13.7% |
| Amounts payable after more than one year | 17 | €1,340,796 | €1,194,923 | -€145,873 | -10.9% |
| Financial debts | 170/4 | €1,340,796 | €1,194,923 | -€145,873 | -10.9% |
| Amounts payable within one year | 42/48 | €431,812 | €340,774 | -€91,037 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €152,227 | €145,834 | -€6,394 | -4.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €184,477 | €106,819 | -€77,658 | -42.1% |
| Suppliers | 440/4 | €184,477 | €106,819 | -€77,658 | -42.1% |
| Taxes, remuneration and social security | 45 | €13,151 | €36,682 | +€23,531 | +179% |
| Taxes | 450/3 | €10,678 | €28,835 | +€18,158 | +170% |
| Remuneration and social security | 454/9 | €2,473 | €7,846 | +€5,373 | +217% |
| Other amounts payable | 47/48 | €81,956 | €51,440 | -€30,517 | -37.2% |
| Accrued charges and deferred income | 492/3 | €7,282 | €0 | -€7,282 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,826 | -€86 | -€32,912 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,814 | €229,179 | +€10,366 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,851 | €359 | -€20,492 | -98.3% |
| Other operating charges | 640/8 | €9,535 | €14,445 | +€4,909 | +51.5% |
| Gross operating margin | 9900 | €545,825 | €452,871 | -€92,954 | -17.0% |
| Operating profit (loss) | 9901 | €263,799 | €208,973 | -€54,826 | -20.8% |
| Financial income | 75/76B | €9,168 | €829 | -€8,339 | -91.0% |
| Recurring financial income | 75 | €9,168 | €829 | -€8,339 | -91.0% |
| Financial charges | 65/66B | €56,595 | €67,570 | +€10,975 | +19.4% |
| Recurring financial charges | 65 | €56,595 | €67,570 | +€10,975 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €216,372 | €142,233 | -€74,139 | -34.3% |
| Transfer from deferred taxes | 780 | €4,670 | €4,670 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €60,724 | €50,002 | -€10,722 | -17.7% |
| Profit (loss) for the period | 9904 | €160,319 | €96,901 | -€63,418 | -39.6% |
| Transfer from tax-exempt reserves | 789 | €18,682 | €18,682 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €179,001 | €115,583 | -€63,418 | -35.4% |
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 24 October 2026 via checked.be.