ENGELEN: 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.
ENGELEN
Largest movements
- Current investments +€51,948
up €51,948 (+9.3%), from €559,578 to €611,526
- Receivables within one year +€50,350
up €50,350 (+258.8%), from €19,454 to €69,804
- Tangible fixed assets -€29,274
down €29,274 (-29.7%), from €98,722 to €69,449
of which Furniture and vehicles: -€20,982
- Reserves +€75,876
up €75,876 (+11.0%), from €688,463 to €764,338
of which Distributable reserves: +€75,876
- Taxes +€12,141
up €12,141 (+47.4%), from €25,601 to €37,742
- Gross operating margin +€11,233
up €11,233 (+9.0%), from €124,264 to €135,497
- Financial income +€7,330
up €7,330 (+584.3%), from €1,254 to €8,584
- Depreciation -€2,230
down €2,230 (-7.1%), from €31,503 to €29,274
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 | €711,281 | €784,322 | +€73,041 | +10.3% |
| Fixed assets | 21/28 | €98,722 | €69,449 | -€29,274 | -29.7% |
| Tangible fixed assets | 22/27 | €98,722 | €69,449 | -€29,274 | -29.7% |
| Land and buildings | 22 | €27,462 | €21,756 | -€5,705 | -20.8% |
| Plant, machinery and equipment | 23 | €8,535 | €5,949 | -€2,586 | -30.3% |
| Furniture and vehicles | 24 | €62,726 | €41,744 | -€20,982 | -33.4% |
| Current assets | 29/58 | €612,558 | €714,873 | +€102,315 | +16.7% |
| Amounts receivable within one year | 40/41 | €19,454 | €69,804 | +€50,350 | +258.8% |
| Other amounts receivable | 41 | €19,454 | €69,804 | +€50,350 | +258.8% |
| Current investments | 50/53 | €559,578 | €611,526 | +€51,948 | +9.3% |
| Cash at bank and in hand | 54/58 | €30,956 | €30,820 | -€136 | -0.4% |
| Deferred charges and accrued income | 490/1 | €2,570 | €2,723 | +€153 | +6.0% |
| Total equity and liabilities | 10/49 | €711,281 | €784,322 | +€73,041 | +10.3% |
| Equity | 10/15 | €707,055 | €782,930 | +€75,876 | +10.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €688,463 | €764,338 | +€75,876 | +11.0% |
| Non-distributable reserves | 130/1 | €24,237 | €24,237 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,237 | €24,237 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,353 | €21,353 | = | 0.0% |
| Distributable reserves | 133 | €642,872 | €718,748 | +€75,876 | +11.8% |
| Amounts payable | 17/49 | €4,226 | €1,392 | -€2,834 | -67.1% |
| Amounts payable after more than one year | 17 | €892 | - | -€892 | |
| Other amounts payable | 178/9 | €892 | - | -€892 | |
| Amounts payable within one year | 42/48 | €3,334 | €1,392 | -€1,942 | -58.3% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €3,330 | €1,392 | -€1,938 | -58.2% |
| Suppliers | 440/4 | €3,330 | €1,392 | -€1,938 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,503 | €29,274 | -€2,230 | -7.1% |
| Other operating charges | 640/8 | €804 | €684 | -€120 | -15.0% |
| Gross operating margin | 9900 | €124,264 | €135,497 | +€11,233 | +9.0% |
| Operating profit (loss) | 9901 | €91,956 | €105,539 | +€13,583 | +14.8% |
| Financial income | 75/76B | €1,254 | €8,584 | +€7,330 | +584.3% |
| Recurring financial income | 75 | €1,254 | €8,584 | +€7,330 | +584.3% |
| Financial charges | 65/66B | €527 | €505 | -€22 | -4.1% |
| Recurring financial charges | 65 | €527 | €505 | -€22 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €92,684 | €113,618 | +€20,934 | +22.6% |
| Income taxes | 67/77 | €25,601 | €37,742 | +€12,141 | +47.4% |
| Profit (loss) for the period | 9904 | €67,082 | €75,876 | +€8,793 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,082 | €75,876 | +€8,793 | +13.1% |
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.