ENGA: what changed
Two fiscal 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.
ENGA
Largest movements
- Cash +€34,462
up €34,462 (+14.4%), from €238,567 to €273,029
mainly Net result for the year (+€77,513) and Depreciation (+€16,853)
- Tangible fixed assets -€8,046
down €8,046 (-4.2%), from €191,770 to €183,724
of which Furniture and vehicles: -€7,672
- Reserves +€32,769
up €32,769 (+9.8%), from €333,355 to €366,123
- Debts after one year -€15,321
down €15,321 (-18.9%), from €81,193 to €65,872
- Tax, wage and social debts +€13,611
up €13,611 (+63.9%), from €21,311 to €34,922
of which Taxes: +€13,611
- Gross operating margin +€20,965
up €20,965 (+19.0%), from €110,587 to €131,552
- Taxes +€5,475
up €5,475 (+21.6%), from €25,293 to €30,768
- Depreciation +€2,933
up €2,933 (+21.1%), from €13,920 to €16,853
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.
Cash bridge derived
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 | €465,915 | €494,059 | +€28,144 | +6.0% |
| Fixed assets | 21/28 | €191,810 | €183,764 | -€8,046 | -4.2% |
| Tangible fixed assets | 22/27 | €191,770 | €183,724 | -€8,046 | -4.2% |
| Land and buildings | 22 | €159,396 | €153,396 | -€6,000 | -3.8% |
| Plant, machinery and equipment | 23 | €9,843 | €15,469 | +€5,626 | +57.2% |
| Furniture and vehicles | 24 | €22,531 | €14,860 | -€7,672 | -34.0% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €274,105 | €310,295 | +€36,190 | +13.2% |
| Amounts receivable within one year | 40/41 | €33,478 | €35,025 | +€1,548 | +4.6% |
| Trade receivables | 40 | €33,478 | €35,025 | +€1,548 | +4.6% |
| Cash at bank and in hand | 54/58 | €238,567 | €273,029 | +€34,462 | +14.4% |
| Deferred charges and accrued income | 490/1 | €2,061 | €2,241 | +€180 | +8.7% |
| Total equity and liabilities | 10/49 | €465,915 | €494,059 | +€28,144 | +6.0% |
| Equity | 10/15 | €339,555 | €372,323 | +€32,769 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €333,355 | €366,123 | +€32,769 | +9.8% |
| Distributable reserves | 133 | €333,355 | €366,123 | +€32,769 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,360 | €121,735 | -€4,625 | -3.7% |
| Amounts payable after more than one year | 17 | €81,193 | €65,872 | -€15,321 | -18.9% |
| Financial debts | 170/4 | €81,193 | €65,872 | -€15,321 | -18.9% |
| Amounts payable within one year | 42/48 | €45,168 | €55,863 | +€10,696 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €14,617 | €15,321 | +€704 | +4.8% |
| Trade debts | 44 | €250 | €186 | -€65 | -25.9% |
| Suppliers | 440/4 | €250 | €186 | -€65 | -25.9% |
| Taxes, remuneration and social security | 45 | €21,311 | €34,922 | +€13,611 | +63.9% |
| Taxes | 450/3 | €19,011 | €32,622 | +€13,611 | +71.6% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €8,990 | €5,435 | -€3,555 | -39.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,920 | €16,853 | +€2,933 | +21.1% |
| Other operating charges | 640/8 | €2,035 | €1,974 | -€61 | -3.0% |
| Gross operating margin | 9900 | €110,587 | €131,552 | +€20,965 | +19.0% |
| Operating profit (loss) | 9901 | €94,632 | €112,726 | +€18,094 | +19.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €5,017 | €4,445 | -€571 | -11.4% |
| Recurring financial charges | 65 | €5,017 | €4,445 | -€571 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €89,616 | €108,281 | +€18,665 | +20.8% |
| Income taxes | 67/77 | €25,293 | €30,768 | +€5,475 | +21.6% |
| Profit (loss) for the period | 9904 | €64,323 | €77,513 | +€13,190 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,323 | €77,513 | +€13,190 | +20.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.