ENGEBO: what changed
Two financial 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
ENGEBO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€841,423
2024 · -€630,578-€210,846
Equity
€6.8m
2024 · €7.6m-€841,423
Cash
€22,564
2024 · €20,955+€1,609
Balance sheet total
€16.6m
2024 · €17.4m-€814,030
Largest movements
Assets
- Tangible fixed assets -€869,639
down €869,639 (-5.0%), from €17.4m to €16.5m
Equity and liabilities
- Reserves -€677,732
down €677,732 (-9.7%), from €7.0m to €6.3m
of which Tax-exempt reserves: -€438,124
- Short-term financial debts +€477,000
up €477,000 (+25.8%), from €1.9m to €2.3m
- Debts after one year -€300,000
down €300,000 (-5.6%), from €5.4m to €5.1m
Income statement
- Other operating charges +€187,601
up €187,601 (+194%), from €96,562 to €284,163
- Financial income -€75,836
down €75,836 (-49.5%), from €153,056 to €77,220
- Financial charges -€56,163
down €56,163 (-12.6%), from €443,979 to €387,816
- Depreciation +€7,492
up €7,492 (+0.8%), from €902,049 to €909,541
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.
Result 2024
-€630,578
Gross operating margin
+€3,921
Depreciation
-€7,492
Other operating charges
-€187,601
Financial income
-€75,836
Financial charges
+€56,163
Result 2025
-€841,423
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€285,489
Investment
-€39,902
Financing
+€327,000
Cash 2024
€20,955
From operations (derived)
-€285,489
Net result for the year
-€841,423
Depreciation
+€909,541
Receivables within one year
-€54,000
Provisions
-€146,041
Trade debts
-€167,290
Tax, wage and social debts
+€13,724
Investment (derived)
-€39,902
Investment in fixed assets (net)
-€39,902
Financing
+€327,000
Debts after one year
-€300,000
Current portion of long-term debt
+€150,000
Short-term financial debts
+€477,000
Cash 2025
€22,564
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,425,555 | €16,611,525 | -€814,030 | -4.7% |
| Fixed assets | 21/28 | €17,404,600 | €16,534,961 | -€869,639 | -5.0% |
| Tangible fixed assets | 22/27 | €17,404,600 | €16,534,961 | -€869,639 | -5.0% |
| Land and buildings | 22 | €17,404,600 | €16,534,961 | -€869,639 | -5.0% |
| Current assets | 29/58 | €20,955 | €76,564 | +€55,609 | +265% |
| Amounts receivable within one year | 40/41 | - | €54,000 | +€54,000 | |
| Other amounts receivable | 41 | - | €54,000 | +€54,000 | |
| Cash at bank and in hand | 54/58 | €20,955 | €22,564 | +€1,609 | +7.7% |
| Total equity and liabilities | 10/49 | €17,425,555 | €16,611,525 | -€814,030 | -4.7% |
| Equity | 10/15 | €7,598,270 | €6,756,846 | -€841,423 | -11.1% |
| Contributions | 10/11 | €634,650 | €634,650 | = | 0.0% |
| Capital | 10 | €634,650 | €634,650 | = | 0.0% |
| Issued capital | 100 | €634,650 | €634,650 | = | 0.0% |
| Reserves | 13 | €6,963,620 | €6,285,888 | -€677,732 | -9.7% |
| Non-distributable reserves | 130/1 | €63,465 | €63,465 | = | 0.0% |
| Legal reserve | 130 | €63,465 | €63,465 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,660,547 | €6,222,423 | -€438,124 | -6.6% |
| Distributable reserves | 133 | €239,607 | - | -€239,607 | |
| Profit (loss) carried forward | 14 | - | -€163,692 | -€163,692 | |
| Provisions and deferred taxes | 16 | €2,220,182 | €2,074,141 | -€146,041 | -6.6% |
| Deferred taxes | 168 | €2,220,182 | €2,074,141 | -€146,041 | -6.6% |
| Amounts payable | 17/49 | €7,607,103 | €7,780,538 | +€173,435 | +2.3% |
| Amounts payable after more than one year | 17 | €5,356,250 | €5,056,250 | -€300,000 | -5.6% |
| Financial debts | 170/4 | €5,356,250 | €5,056,250 | -€300,000 | -5.6% |
| Amounts payable within one year | 42/48 | €2,233,978 | €2,707,413 | +€473,435 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €300,000 | +€150,000 | +100% |
| Financial debts | 43 | €1,852,000 | €2,329,000 | +€477,000 | +25.8% |
| Other loans | 439 | €1,852,000 | €2,329,000 | +€477,000 | +25.8% |
| Trade debts | 44 | €217,153 | €49,863 | -€167,290 | -77.0% |
| Suppliers | 440/4 | €217,153 | €49,863 | -€167,290 | -77.0% |
| Taxes, remuneration and social security | 45 | €14,825 | €28,550 | +€13,724 | +92.6% |
| Taxes | 450/3 | €14,825 | €28,550 | +€13,724 | +92.6% |
| Accrued charges and deferred income | 492/3 | €16,875 | €16,875 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €902,049 | €909,541 | +€7,492 | +0.8% |
| Other operating charges | 640/8 | €96,562 | €284,163 | +€187,601 | +194% |
| Gross operating margin | 9900 | €512,913 | €516,835 | +€3,921 | +0.8% |
| Operating profit (loss) | 9901 | -€485,697 | -€676,869 | -€191,172 | -39.4% |
| Financial income | 75/76B | €153,056 | €77,220 | -€75,836 | -49.5% |
| Recurring financial income | 75 | €153,056 | €77,220 | -€75,836 | -49.5% |
| Financial charges | 65/66B | €443,979 | €387,816 | -€56,163 | -12.6% |
| Recurring financial charges | 65 | €443,979 | €387,816 | -€56,163 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€776,619 | -€987,465 | -€210,846 | -27.1% |
| Transfer from deferred taxes | 780 | €146,041 | €146,041 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€630,578 | -€841,423 | -€210,846 | -33.4% |
| Transfer from tax-exempt reserves | 789 | €438,124 | €438,124 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€192,453 | -€403,299 | -€210,846 | -110% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.