ENGAGOR: 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.
What changed
ENGAGOR
NACE 73.300, Public relations and communication consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2023 · €6.1m-€2.6m
Equity
€12.0m
2023 · €8.5m+€3.5m
Cash
€5.0m
2023 · €1.7m+€3.4m
Balance sheet total
€17.4m
2023 · €17.7m-€245,978
Largest movements
Assets
- Cash +€3.4m
up €3.4m (+203.0%), from €1.7m to €5.0m
mainly Net result for the year (+€3.5m) and Receivables within one year (+€2.5m)
- Receivables within one year -€2.5m
down €2.5m (-16.9%), from €14.8m to €12.3m
of which Trade receivables: -€3.2m
- Receivables after one year -€656,000
no longer reported in 2024 (was €656,000)
- Deferred charges and accrued income -€458,818
down €458,818 (-83.7%), from €547,940 to €89,123
Equity and liabilities
- Profit (loss) carried forward +€3.5m
up €3.5m (+55.3%), from €6.4m to €9.9m
- Accrued charges and deferred income -€2.7m
down €2.7m (-84.8%), from €3.1m to €477,990
- Tax, wage and social debts -€915,312
down €915,312 (-84.6%), from €1.1m to €166,733
of which Remuneration and social security: -€500,947
- Provisions -€330,134
down €330,134 (-89.8%), from €367,600 to €37,466
Income statement
- Gross operating margin -€13.8m
no longer reported in 2024 (was €13.8m)
- Turnover +€12.9m
new in 2024: €12.9m
- Financial charges +€1.1m
up €1.1m (+16469.5%), from €6,385 to €1.1m
of which Non-recurring financial charges: +€1.0m
- Staff costs +€799,968
up €799,968 (+15.8%), from €5.1m to €5.9m
- Services and other goods +€448,847
new in 2024: €448,847
From the 2023 result to the 2024 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.
Result 2023
€6.1m
Turnover
+€12.9m
Goods and materials
-€390,690
Services and other goods
-€448,847
Staff costs
-€799,968
Depreciation
+€6,600
Write-downs
+€323,650
Provisions
+€112,556
Other operating charges
+€258,706
Other operating items
-€13.8m
Financial income
-€54,357
Financial charges
-€1.1m
Taxes
+€420,301
Result 2024
€3.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.4m
Investment
+€1,070
Financing
€0
Cash 2023
€1.7m
From operations (derived)
+€3.4m
Net result for the year
+€3.5m
Depreciation
+€2,748
Receivables after one year
+€656,000
Receivables within one year
+€2.5m
Deferred charges and accrued income
+€458,818
Provisions
-€330,134
Trade debts
+€127,843
Tax, wage and social debts
-€915,312
Accrued charges and deferred income
-€2.7m
Investment (derived)
+€1,070
Investment in fixed assets (net)
+€1,070
Cash 2024
€5.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,673,024 | €17,427,046 | -€245,978 | -1.4% |
| Fixed assets | 21/28 | €6,587 | €2,768 | -€3,818 | -58.0% |
| Tangible fixed assets | 22/27 | €3,393 | €644 | -€2,748 | -81.0% |
| Plant, machinery and equipment | 23 | €3,393 | €644 | -€2,748 | -81.0% |
| Financial fixed assets | 28 | €3,194 | €2,124 | -€1,070 | -33.5% |
| Other financial fixed assets | 284/8 | - | €2,124 | +€2,124 | |
| Amounts receivable and cash guarantees | 285/8 | - | €2,124 | +€2,124 | |
| Current assets | 29/58 | €17,666,437 | €17,424,277 | -€242,160 | -1.4% |
| Amounts receivable after more than one year | 29 | €656,000 | - | -€656,000 | |
| Other amounts receivable | 291 | €656,000 | - | -€656,000 | |
| Amounts receivable within one year | 40/41 | €14,802,176 | €12,303,836 | -€2.5m | -16.9% |
| Trade receivables | 40 | €14,474,176 | €11,252,320 | -€3.2m | -22.3% |
| Other amounts receivable | 41 | €328,000 | €1,051,516 | +€723,516 | +220.6% |
| Cash at bank and in hand | 54/58 | €1,660,321 | €5,031,319 | +€3.4m | +203.0% |
| Deferred charges and accrued income | 490/1 | €547,940 | €89,123 | -€458,818 | -83.7% |
| Total equity and liabilities | 10/49 | €17,673,024 | €17,427,046 | -€245,978 | -1.4% |
| Equity | 10/15 | €8,465,390 | €11,997,870 | +€3.5m | +41.7% |
| Contributions | 10/11 | €2,064,675 | €2,064,675 | = | 0.0% |
| Capital | 10 | €98,815 | €98,815 | = | 0.0% |
| Issued capital | 100 | €98,815 | €98,815 | = | 0.0% |
| Outside capital | 11 | €1,965,860 | €1,965,860 | = | 0.0% |
| Share premium | 1100/10 | €1,965,860 | €1,965,860 | = | 0.0% |
| Reserves | 13 | €9,881 | €9,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,881 | €9,881 | = | 0.0% |
| Legal reserve | 130 | €9,881 | €9,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,390,834 | €9,923,314 | +€3.5m | +55.3% |
| Provisions and deferred taxes | 16 | €367,600 | €37,466 | -€330,134 | -89.8% |
| Provisions for liabilities and charges | 160/5 | €367,600 | €37,466 | -€330,134 | -89.8% |
| Other liabilities and charges | 164/5 | €367,600 | €37,466 | -€330,134 | -89.8% |
| Amounts payable | 17/49 | €8,840,034 | €5,391,710 | -€3.4m | -39.0% |
| Amounts payable within one year | 42/48 | €5,701,189 | €4,913,720 | -€787,469 | -13.8% |
| Trade debts | 44 | €4,619,144 | €4,746,987 | +€127,843 | +2.8% |
| Suppliers | 440/4 | €4,619,144 | €4,746,987 | +€127,843 | +2.8% |
| Taxes, remuneration and social security | 45 | €1,082,045 | €166,733 | -€915,312 | -84.6% |
| Taxes | 450/3 | €486,816 | €72,451 | -€414,365 | -85.1% |
| Remuneration and social security | 454/9 | €595,229 | €94,282 | -€500,947 | -84.2% |
| Accrued charges and deferred income | 492/3 | €3,138,845 | €477,990 | -€2.7m | -84.8% |
| Operating income | 70/76A | - | €12,866,360 | +€12.9m | |
| Turnover | 70 | - | €12,866,360 | +€12.9m | |
| Operating charges | 60/66A | - | €6,608,126 | +€6.6m | |
| Goods for resale, raw materials and consumables | 60 | - | €390,690 | +€390,690 | |
| Purchases | 600/8 | - | €390,690 | +€390,690 | |
| Services and other goods | 61 | - | €448,847 | +€448,847 | |
| Remuneration, social security and pensions | 62 | €5,065,960 | €5,865,928 | +€799,968 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,348 | €2,748 | -€6,600 | -70.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99,138 | -€224,512 | -€323,650 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€112,556 | -€112,556 | |
| Other operating charges | 640/8 | €495,686 | €236,979 | -€258,706 | -52.2% |
| Gross operating margin | 9900 | €13,833,845 | - | -€13.8m | |
| Operating profit (loss) | 9901 | €8,163,713 | €6,258,234 | -€1.9m | -23.3% |
| Financial income | 75/76B | €55,839 | €1,482 | -€54,357 | -97.3% |
| Recurring financial income | 75 | €55,839 | €1,482 | -€54,357 | -97.3% |
| Other financial income | 752/9 | - | €1,482 | +€1,482 | |
| Financial charges | 65/66B | €6,385 | €1,057,895 | +€1.1m | +16469.5% |
| Recurring financial charges | 65 | €6,385 | €44,214 | +€37,829 | +592.5% |
| Other financial charges | 652/9 | - | €44,214 | +€44,214 | |
| Non-recurring financial charges | 66B | - | €1,013,682 | +€1.0m | |
| Profit (loss) for the period before taxes | 9903 | €8,213,167 | €5,201,821 | -€3.0m | -36.7% |
| Income taxes | 67/77 | €2,089,642 | €1,669,341 | -€420,301 | -20.1% |
| Taxes | 670/3 | - | €1,669,341 | +€1.7m | |
| Profit (loss) for the period | 9904 | €6,123,525 | €3,532,480 | -€2.6m | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,123,525 | €3,532,480 | -€2.6m | -42.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.