ENGAGED: 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.
ENGAGED
Largest movements
- Cash +€484,200
up €484,200 (+160.0%), from €302,704 to €786,904
mainly Net result for the year (+€281,091) and Receivables within one year (+€240,440)
- Receivables within one year -€240,440
down €240,440 (-33.7%), from €713,306 to €472,866
of which Trade receivables: -€243,007
- Trade debts +€190,009
up €190,009 (+69.4%), from €273,926 to €463,935
- Other debts +€140,126
up €140,126 (+98.9%), from €141,744 to €281,870
- Accrued charges and deferred income -€105,978
down €105,978 (-56.5%), from €187,497 to €81,519
- Taxes -€30,177
down €30,177 (-88.2%), from €34,207 to €4,029
- Staff costs -€14,175
down €14,175 (-9.6%), from €147,145 to €132,970
- Financial charges -€7,463
down €7,463 (-86.0%), from €8,674 to €1,211
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 | €1,047,489 | €1,274,634 | +€227,145 | +21.7% |
| Fixed assets | 21/28 | €13,886 | €7,984 | -€5,902 | -42.5% |
| Tangible fixed assets | 22/27 | €10,939 | €4,791 | -€6,148 | -56.2% |
| Furniture and vehicles | 24 | €10,939 | €4,791 | -€6,148 | -56.2% |
| Financial fixed assets | 28 | €2,947 | €3,193 | +€246 | +8.3% |
| Current assets | 29/58 | €1,033,603 | €1,266,650 | +€233,047 | +22.5% |
| Amounts receivable within one year | 40/41 | €713,306 | €472,866 | -€240,440 | -33.7% |
| Trade receivables | 40 | €651,579 | €408,571 | -€243,007 | -37.3% |
| Other amounts receivable | 41 | €61,728 | €64,294 | +€2,567 | +4.2% |
| Cash at bank and in hand | 54/58 | €302,704 | €786,904 | +€484,200 | +160.0% |
| Deferred charges and accrued income | 490/1 | €17,593 | €6,880 | -€10,713 | -60.9% |
| Total equity and liabilities | 10/49 | €1,047,489 | €1,274,634 | +€227,145 | +21.7% |
| Equity | 10/15 | €431,672 | €432,763 | +€1,091 | +0.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €424,172 | €425,263 | +€1,091 | +0.3% |
| Distributable reserves | 133 | €424,172 | €425,263 | +€1,091 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €615,817 | €841,871 | +€226,054 | +36.7% |
| Amounts payable within one year | 42/48 | €428,319 | €760,352 | +€332,032 | +77.5% |
| Trade debts | 44 | €273,926 | €463,935 | +€190,009 | +69.4% |
| Suppliers | 440/4 | €273,926 | €463,935 | +€190,009 | +69.4% |
| Taxes, remuneration and social security | 45 | €12,649 | €14,546 | +€1,898 | +15.0% |
| Taxes | 450/3 | €28 | €56 | +€28 | +100.0% |
| Remuneration and social security | 454/9 | €12,621 | €14,490 | +€1,870 | +14.8% |
| Other amounts payable | 47/48 | €141,744 | €281,870 | +€140,126 | +98.9% |
| Accrued charges and deferred income | 492/3 | €187,497 | €81,519 | -€105,978 | -56.5% |
| Remuneration, social security and pensions | 62 | €147,145 | €132,970 | -€14,175 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,794 | €6,148 | -€646 | -9.5% |
| Other operating charges | 640/8 | €1,807 | €1,243 | -€565 | -31.2% |
| Gross operating margin | 9900 | €424,683 | €425,520 | +€837 | +0.2% |
| Operating profit (loss) | 9901 | €268,937 | €285,159 | +€16,223 | +6.0% |
| Financial income | 75/76B | €191 | €1,172 | +€981 | +512.7% |
| Recurring financial income | 75 | €191 | €1,172 | +€981 | +512.7% |
| Financial charges | 65/66B | €8,674 | €1,211 | -€7,463 | -86.0% |
| Recurring financial charges | 65 | €8,674 | €1,211 | -€7,463 | -86.0% |
| Profit (loss) for the period before taxes | 9903 | €260,454 | €285,120 | +€24,666 | +9.5% |
| Income taxes | 67/77 | €34,207 | €4,029 | -€30,177 | -88.2% |
| Profit (loss) for the period | 9904 | €226,247 | €281,091 | +€54,844 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €226,247 | €281,091 | +€54,844 | +24.2% |
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 5 October 2026 via checked.be.