Engage4: 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.
Engage4
Largest movements
- Cash -€10,058
down €10,058 (-10.4%), from €96,376 to €86,318
mainly Contributions, distributions and other (-€15,081) and Tax, wage and social debts (-€7,495)
- Deferred charges and accrued income -€4,128
down €4,128 (-44.3%), from €9,315 to €5,188
- Receivables within one year +€3,309
up €3,309 (+33.7%), from €9,831 to €13,140
of which Other amounts receivable: +€2,341
- Tax, wage and social debts -€7,495
down €7,495 (-72.2%), from €10,379 to €2,884
- Other debts -€3,661
down €3,661 (-6.3%), from €58,329 to €54,667
- Gross operating margin -€7,743
down €7,743 (-23.6%), from €32,860 to €25,117
- Taxes -€1,475
down €1,475 (-24.1%), from €6,134 to €4,659
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 | €122,262 | €110,861 | -€11,401 | -9.3% |
| Fixed assets | 21/28 | €6,739 | €6,215 | -€524 | -7.8% |
| Tangible fixed assets | 22/27 | €6,739 | €6,215 | -€524 | -7.8% |
| Plant, machinery and equipment | 23 | €3,727 | €3,313 | -€414 | -11.1% |
| Furniture and vehicles | 24 | €1,945 | €2,368 | +€423 | +21.8% |
| Other tangible fixed assets | 26 | €1,067 | €533 | -€533 | -50.0% |
| Current assets | 29/58 | €115,523 | €104,646 | -€10,877 | -9.4% |
| Amounts receivable within one year | 40/41 | €9,831 | €13,140 | +€3,309 | +33.7% |
| Trade receivables | 40 | €9,831 | €10,799 | +€968 | +9.8% |
| Other amounts receivable | 41 | €0 | €2,341 | +€2,341 | |
| Cash at bank and in hand | 54/58 | €96,376 | €86,318 | -€10,058 | -10.4% |
| Deferred charges and accrued income | 490/1 | €9,315 | €5,188 | -€4,128 | -44.3% |
| Total equity and liabilities | 10/49 | €122,262 | €110,861 | -€11,401 | -9.3% |
| Equity | 10/15 | €49,500 | €49,500 | = | 0.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,762 | €61,361 | -€11,401 | -15.7% |
| Amounts payable within one year | 42/48 | €69,981 | €58,666 | -€11,315 | -16.2% |
| Trade debts | 44 | €1,273 | €1,114 | -€159 | -12.5% |
| Suppliers | 440/4 | €1,273 | €1,114 | -€159 | -12.5% |
| Taxes, remuneration and social security | 45 | €10,379 | €2,884 | -€7,495 | -72.2% |
| Taxes | 450/3 | €10,379 | €2,884 | -€7,495 | -72.2% |
| Other amounts payable | 47/48 | €58,329 | €54,667 | -€3,661 | -6.3% |
| Accrued charges and deferred income | 492/3 | €2,781 | €2,695 | -€86 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,391 | €1,633 | +€243 | +17.4% |
| Other operating charges | 640/8 | €707 | €984 | +€277 | +39.2% |
| Gross operating margin | 9900 | €32,860 | €25,117 | -€7,743 | -23.6% |
| Operating profit (loss) | 9901 | €30,763 | €22,500 | -€8,263 | -26.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €2,850 | €2,759 | -€90 | -3.2% |
| Recurring financial charges | 65 | €2,850 | €2,759 | -€90 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €27,915 | €19,740 | -€8,175 | -29.3% |
| Income taxes | 67/77 | €6,134 | €4,659 | -€1,475 | -24.1% |
| Profit (loss) for the period | 9904 | €21,781 | €15,081 | -€6,700 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,781 | €15,081 | -€6,700 | -30.8% |
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 4 October 2026 via checked.be.