ENGCODE: 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.
ENGCODE
Largest movements
- Current investments +€313,294
up €313,294 (+2111.6%), from €14,837 to €328,131
- Cash -€154,893
down €154,893 (-44.8%), from €345,628 to €190,735
mainly Current investments (-€313,294) and Tax, wage and social debts (-€11,825)
- Receivables within one year +€7,004
up €7,004 (+12.0%), from €58,222 to €65,226
of which Other amounts receivable: +€4,481
- Reserves +€172,851
up €172,851 (+41.5%), from €416,054 to €588,905
- Tax, wage and social debts -€11,825
down €11,825 (-47.2%), from €25,029 to €13,204
- Gross operating margin +€83,352
up €83,352 (+86.9%), from €95,957 to €179,309
- Financial income +€45,671
up €45,671 (+13700.3%), from €333 to €46,005
- Taxes +€15,623
up €15,623 (+62.5%), from €24,978 to €40,601
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,567 | €616,107 | +€161,539 | +35.5% |
| Fixed assets | 21/28 | €35,881 | €31,904 | -€3,977 | -11.1% |
| Tangible fixed assets | 22/27 | €33,881 | €29,904 | -€3,977 | -11.7% |
| Furniture and vehicles | 24 | €33,881 | €29,904 | -€3,977 | -11.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €418,686 | €584,203 | +€165,517 | +39.5% |
| Amounts receivable within one year | 40/41 | €58,222 | €65,226 | +€7,004 | +12.0% |
| Trade receivables | 40 | €58,222 | €60,745 | +€2,523 | +4.3% |
| Other amounts receivable | 41 | - | €4,481 | +€4,481 | |
| Current investments | 50/53 | €14,837 | €328,131 | +€313,294 | +2111.6% |
| Cash at bank and in hand | 54/58 | €345,628 | €190,735 | -€154,893 | -44.8% |
| Deferred charges and accrued income | 490/1 | - | €111 | +€111 | |
| Total equity and liabilities | 10/49 | €454,567 | €616,107 | +€161,539 | +35.5% |
| Equity | 10/15 | €426,054 | €598,905 | +€172,851 | +40.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €416,054 | €588,905 | +€172,851 | +41.5% |
| Distributable reserves | 133 | €416,054 | €588,905 | +€172,851 | +41.5% |
| Amounts payable | 17/49 | €28,513 | €17,202 | -€11,311 | -39.7% |
| Amounts payable within one year | 42/48 | €28,513 | €17,202 | -€11,311 | -39.7% |
| Trade debts | 44 | €3,484 | €3,998 | +€514 | +14.8% |
| Suppliers | 440/4 | €3,484 | €3,998 | +€514 | +14.8% |
| Taxes, remuneration and social security | 45 | €25,029 | €13,204 | -€11,825 | -47.2% |
| Taxes | 450/3 | €25,029 | €13,204 | -€11,825 | -47.2% |
| Remuneration, social security and pensions | 62 | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,088 | €10,355 | +€267 | +2.6% |
| Other operating charges | 640/8 | €1,747 | €1,107 | -€640 | -36.6% |
| Gross operating margin | 9900 | €95,957 | €179,309 | +€83,352 | +86.9% |
| Operating profit (loss) | 9901 | €84,122 | €167,837 | +€83,715 | +99.5% |
| Financial income | 75/76B | €333 | €46,005 | +€45,671 | +13700.3% |
| Recurring financial income | 75 | €333 | €46,005 | +€45,671 | +13700.3% |
| Financial charges | 65/66B | €63 | €391 | +€327 | +517.1% |
| Recurring financial charges | 65 | €63 | €391 | +€327 | +517.1% |
| Profit (loss) for the period before taxes | 9903 | €84,392 | €213,451 | +€129,059 | +152.9% |
| Income taxes | 67/77 | €24,978 | €40,601 | +€15,623 | +62.5% |
| Profit (loss) for the period | 9904 | €59,414 | €172,851 | +€113,437 | +190.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,414 | €172,851 | +€113,437 | +190.9% |
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 7 October 2026 via checked.be.