ENGELEN DANNY: 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 DANNY
Largest movements
- Stocks and contracts -€77,770
down €77,770 (-34.4%), from €226,201 to €148,431
- Receivables within one year -€58,041
down €58,041 (-54.2%), from €107,091 to €49,050
of which Trade receivables: -€47,668
- Tangible fixed assets -€55,027
down €55,027 (-13.4%), from €410,628 to €355,602
of which Furniture and vehicles: -€30,450
- Cash +€42,651
up €42,651 (+55.1%), from €77,447 to €120,097
mainly Stocks and contracts (+€77,770) and Depreciation (+€59,793)
- Other debts -€75,657
down €75,657 (-22.6%), from €334,968 to €259,311
- Debts after one year -€30,918
down €30,918 (-16.1%), from €191,742 to €160,824
- Reserves -€26,777
down €26,777 (-11.5%), from €232,975 to €206,199
- Trade debts -€15,530
down €15,530 (-79.2%), from €19,609 to €4,079
- Staff costs -€62,610
down €62,610 (-52.2%), from €119,968 to €57,358
- Gross operating margin -€39,009
down €39,009 (-19.2%), from €203,657 to €164,648
- Financial income -€23,046
down €23,046 (-93.2%), from €24,730 to €1,684
of which Non-recurring financial income: -€23,140
- Depreciation -€4,577
down €4,577 (-7.1%), from €64,370 to €59,793
- Financial charges -€3,053
down €3,053 (-14.4%), from €21,130 to €18,078
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €833,688 | €679,012 | -€154,675 | -18.6% |
| Fixed assets | 21/28 | €410,628 | €355,602 | -€55,027 | -13.4% |
| Tangible fixed assets | 22/27 | €410,628 | €355,602 | -€55,027 | -13.4% |
| Land and buildings | 22 | €357,382 | €330,959 | -€26,423 | -7.4% |
| Plant, machinery and equipment | 23 | €2,956 | €5,024 | +€2,068 | +70.0% |
| Furniture and vehicles | 24 | €49,552 | €19,102 | -€30,450 | -61.5% |
| Other tangible fixed assets | 26 | €739 | €517 | -€222 | -30.0% |
| Current assets | 29/58 | €423,059 | €323,410 | -€99,649 | -23.6% |
| Stocks and contracts in progress | 3 | €226,201 | €148,431 | -€77,770 | -34.4% |
| Stocks | 30/36 | €226,201 | €148,431 | -€77,770 | -34.4% |
| Amounts receivable within one year | 40/41 | €107,091 | €49,050 | -€58,041 | -54.2% |
| Trade receivables | 40 | €86,313 | €38,645 | -€47,668 | -55.2% |
| Other amounts receivable | 41 | €20,778 | €10,406 | -€10,373 | -49.9% |
| Cash at bank and in hand | 54/58 | €77,447 | €120,097 | +€42,651 | +55.1% |
| Deferred charges and accrued income | 490/1 | €12,321 | €5,832 | -€6,488 | -52.7% |
| Total equity and liabilities | 10/49 | €833,688 | €679,012 | -€154,675 | -18.6% |
| Equity | 10/15 | €245,375 | €218,599 | -€26,777 | -10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,975 | €206,199 | -€26,777 | -11.5% |
| Distributable reserves | 133 | €232,975 | €206,199 | -€26,777 | -11.5% |
| Amounts payable | 17/49 | €588,312 | €460,414 | -€127,899 | -21.7% |
| Amounts payable after more than one year | 17 | €191,742 | €160,824 | -€30,918 | -16.1% |
| Financial debts | 170/4 | €191,742 | €160,824 | -€30,918 | -16.1% |
| Amounts payable within one year | 42/48 | €396,500 | €299,248 | -€97,252 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €30,452 | €30,918 | +€467 | +1.5% |
| Trade debts | 44 | €19,609 | €4,079 | -€15,530 | -79.2% |
| Suppliers | 440/4 | €19,609 | €4,079 | -€15,530 | -79.2% |
| Taxes, remuneration and social security | 45 | €11,472 | €4,940 | -€6,532 | -56.9% |
| Taxes | 450/3 | €5,525 | €4,460 | -€1,065 | -19.3% |
| Remuneration and social security | 454/9 | €5,948 | €480 | -€5,468 | -91.9% |
| Other amounts payable | 47/48 | €334,968 | €259,311 | -€75,657 | -22.6% |
| Accrued charges and deferred income | 492/3 | €70 | €341 | +€271 | +390% |
| Non-recurring operating income | 76A | - | €323 | +€323 | |
| Remuneration, social security and pensions | 62 | €119,968 | €57,358 | -€62,610 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,370 | €59,793 | -€4,577 | -7.1% |
| Other operating charges | 640/8 | €5,461 | €4,006 | -€1,455 | -26.7% |
| Gross operating margin | 9900 | €203,657 | €164,648 | -€39,009 | -19.2% |
| Operating profit (loss) | 9901 | €13,858 | €43,491 | +€29,633 | +214% |
| Financial income | 75/76B | €24,730 | €1,684 | -€23,046 | -93.2% |
| Recurring financial income | 75 | €1,589 | €1,684 | +€95 | +6.0% |
| Non-recurring financial income | 76B | €23,140 | - | -€23,140 | |
| Financial charges | 65/66B | €21,130 | €18,078 | -€3,053 | -14.4% |
| Recurring financial charges | 65 | €21,130 | €18,078 | -€3,053 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €17,457 | €27,097 | +€9,640 | +55.2% |
| Income taxes | 67/77 | €5,318 | €7,874 | +€2,556 | +48.1% |
| Profit (loss) for the period | 9904 | €12,139 | €19,223 | +€7,084 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,139 | €19,223 | +€7,084 | +58.4% |
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 28 October 2026 via checked.be.