ENGELEN: 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.
ENGELEN
Largest movements
- Tangible fixed assets +€404,235
up €404,235 (+102.0%), from €396,280 to €800,515
of which Land and buildings: +€410,703
- Cash +€53,152
up €53,152 (+58.3%), from €91,097 to €144,249
mainly Debts after one year (+€311,926) and Depreciation (+€84,403)
- Stocks and contracts -€47,138
down €47,138 (-25.8%), from €182,907 to €135,769
- Receivables within one year -€43,484
down €43,484 (-36.5%), from €119,256 to €75,773
of which Trade receivables: -€34,794
- Debts after one year +€311,926
up €311,926 (+121.6%), from €256,506 to €568,433
of which Financial debts: +€309,326
- Reserves +€43,355
up €43,355 (+11.8%), from €366,325 to €409,680
- Current portion of long-term debt +€22,095
up €22,095 (+96.3%), from €22,945 to €45,040
- Other debts -€12,217
down €12,217 (-10.7%), from €114,509 to €102,292
- Depreciation +€23,680
up €23,680 (+39.0%), from €60,723 to €84,403
- Financial charges +€14,470
up €14,470 (+110.4%), from €13,110 to €27,580
- Gross operating margin +€13,203
up €13,203 (+7.7%), from €171,971 to €185,175
- Taxes -€10,789
down €10,789 (-34.4%), from €31,390 to €20,601
- Other operating charges +€6,472
up €6,472 (+199.5%), from €3,245 to €9,716
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 | €799,651 | €1,168,540 | +€368,888 | +46.1% |
| Fixed assets | 21/28 | €396,280 | €800,515 | +€404,235 | +102.0% |
| Tangible fixed assets | 22/27 | €396,280 | €800,515 | +€404,235 | +102.0% |
| Land and buildings | 22 | €328,979 | €739,683 | +€410,703 | +124.8% |
| Plant, machinery and equipment | 23 | €1,335 | €9,650 | +€8,315 | +623.0% |
| Furniture and vehicles | 24 | €65,966 | €51,182 | -€14,784 | -22.4% |
| Current assets | 29/58 | €403,372 | €368,025 | -€35,347 | -8.8% |
| Stocks and contracts in progress | 3 | €182,907 | €135,769 | -€47,138 | -25.8% |
| Stocks | 30/36 | €182,907 | €135,769 | -€47,138 | -25.8% |
| Amounts receivable within one year | 40/41 | €119,256 | €75,773 | -€43,484 | -36.5% |
| Trade receivables | 40 | €97,822 | €63,028 | -€34,794 | -35.6% |
| Other amounts receivable | 41 | €21,434 | €12,745 | -€8,689 | -40.5% |
| Cash at bank and in hand | 54/58 | €91,097 | €144,249 | +€53,152 | +58.3% |
| Deferred charges and accrued income | 490/1 | €10,111 | €12,235 | +€2,123 | +21.0% |
| Total equity and liabilities | 10/49 | €799,651 | €1,168,540 | +€368,888 | +46.1% |
| Equity | 10/15 | €384,925 | €428,280 | +€43,355 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,325 | €409,680 | +€43,355 | +11.8% |
| Distributable reserves | 133 | €366,325 | €409,680 | +€43,355 | +11.8% |
| Amounts payable | 17/49 | €414,726 | €740,260 | +€325,534 | +78.5% |
| Amounts payable after more than one year | 17 | €256,506 | €568,433 | +€311,926 | +121.6% |
| Financial debts | 170/4 | €256,506 | €565,833 | +€309,326 | +120.6% |
| Other amounts payable | 178/9 | - | €2,600 | +€2,600 | |
| Amounts payable within one year | 42/48 | €154,470 | €165,878 | +€11,408 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €22,945 | €45,040 | +€22,095 | +96.3% |
| Financial debts | 43 | €48 | - | -€48 | |
| Credit institutions | 430/8 | €48 | - | -€48 | |
| Trade debts | 44 | €15,201 | €16,009 | +€808 | +5.3% |
| Suppliers | 440/4 | €15,201 | €16,009 | +€808 | +5.3% |
| Taxes, remuneration and social security | 45 | €1,767 | €2,537 | +€770 | +43.6% |
| Taxes | 450/3 | €1,767 | €2,537 | +€770 | +43.6% |
| Other amounts payable | 47/48 | €114,509 | €102,292 | -€12,217 | -10.7% |
| Accrued charges and deferred income | 492/3 | €3,750 | €5,949 | +€2,199 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,723 | €84,403 | +€23,680 | +39.0% |
| Other operating charges | 640/8 | €3,245 | €9,716 | +€6,472 | +199.5% |
| Gross operating margin | 9900 | €171,971 | €185,175 | +€13,203 | +7.7% |
| Operating profit (loss) | 9901 | €108,003 | €91,055 | -€16,948 | -15.7% |
| Financial income | 75/76B | €194 | €480 | +€286 | +147.0% |
| Recurring financial income | 75 | €194 | €480 | +€286 | +147.0% |
| Financial charges | 65/66B | €13,110 | €27,580 | +€14,470 | +110.4% |
| Recurring financial charges | 65 | €13,110 | €27,580 | +€14,470 | +110.4% |
| Profit (loss) for the period before taxes | 9903 | €95,087 | €63,955 | -€31,132 | -32.7% |
| Income taxes | 67/77 | €31,390 | €20,601 | -€10,789 | -34.4% |
| Profit (loss) for the period | 9904 | €63,697 | €43,355 | -€20,343 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,697 | €43,355 | -€20,343 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.