Engelen-IT: 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-IT
Largest movements
- Tangible fixed assets +€185,408
up €185,408 (+1,137%), from €16,312 to €201,720
of which Land and buildings: +€185,901
- Cash -€42,169
down €42,169 (-53.9%), from €78,213 to €36,044
mainly Investment in fixed assets (net) (-€203,031) and Contributions, distributions and other (-€33,169)
- Debts after one year +€161,419
new in 2025: €161,419
- Profit (loss) carried forward -€33,169
no longer reported in 2025 (was €33,169)
- Other debts +€17,297
up €17,297 (+40.6%), from €42,654 to €59,951
- Reserves +€3,021
up €3,021 (+33.6%), from €9,000 to €12,021
- Current portion of long-term debt -€2,716
down €2,716 (-28.6%), from €9,504 to €6,788
- Gross operating margin -€32,972
down €32,972 (-54.1%), from €60,904 to €27,932
- Depreciation +€6,077
up €6,077 (+52.6%), from €11,546 to €17,623
- Taxes -€4,135
down €4,135 (-80.4%), from €5,142 to €1,008
- Financial charges +€1,976
up €1,976 (+111%), from €1,779 to €3,755
- Other operating charges +€1,425
up €1,425 (+398%), from €358 to €1,783
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 | €113,775 | €258,101 | +€144,326 | +127% |
| Fixed assets | 21/28 | €16,312 | €201,720 | +€185,408 | +1,137% |
| Tangible fixed assets | 22/27 | €16,312 | €201,720 | +€185,408 | +1,137% |
| Land and buildings | 22 | - | €185,901 | +€185,901 | |
| Plant, machinery and equipment | 23 | €5,021 | €13,448 | +€8,427 | +168% |
| Furniture and vehicles | 24 | €11,291 | €2,372 | -€8,919 | -79.0% |
| Current assets | 29/58 | €97,463 | €56,381 | -€41,082 | -42.2% |
| Stocks and contracts in progress | 3 | €11,134 | €9,278 | -€1,856 | -16.7% |
| Stocks | 30/36 | €11,134 | €9,278 | -€1,856 | -16.7% |
| Amounts receivable within one year | 40/41 | €8,115 | €8,723 | +€608 | +7.5% |
| Trade receivables | 40 | €5,258 | €7,230 | +€1,973 | +37.5% |
| Other amounts receivable | 41 | €2,858 | €1,493 | -€1,365 | -47.8% |
| Cash at bank and in hand | 54/58 | €78,213 | €36,044 | -€42,169 | -53.9% |
| Deferred charges and accrued income | 490/1 | - | €2,336 | +€2,336 | |
| Total equity and liabilities | 10/49 | €113,775 | €258,101 | +€144,326 | +127% |
| Equity | 10/15 | €44,669 | €14,521 | -€30,148 | -67.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,000 | €12,021 | +€3,021 | +33.6% |
| Distributable reserves | 133 | €9,000 | €12,021 | +€3,021 | +33.6% |
| Profit (loss) carried forward | 14 | €33,169 | - | -€33,169 | |
| Amounts payable | 17/49 | €69,106 | €243,580 | +€174,474 | +252% |
| Amounts payable after more than one year | 17 | - | €161,419 | +€161,419 | |
| Financial debts | 170/4 | - | €161,419 | +€161,419 | |
| Amounts payable within one year | 42/48 | €63,353 | €78,966 | +€15,613 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €9,504 | €6,788 | -€2,716 | -28.6% |
| Trade debts | 44 | €2,346 | €4,555 | +€2,209 | +94.2% |
| Suppliers | 440/4 | €2,346 | €4,555 | +€2,209 | +94.2% |
| Taxes, remuneration and social security | 45 | €8,849 | €7,672 | -€1,177 | -13.3% |
| Taxes | 450/3 | €8,849 | €7,672 | -€1,177 | -13.3% |
| Other amounts payable | 47/48 | €42,654 | €59,951 | +€17,297 | +40.6% |
| Accrued charges and deferred income | 492/3 | €5,753 | €3,195 | -€2,558 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,546 | €17,623 | +€6,077 | +52.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €566 | €744 | +€178 | +31.5% |
| Other operating charges | 640/8 | €358 | €1,783 | +€1,425 | +398% |
| Gross operating margin | 9900 | €60,904 | €27,932 | -€32,972 | -54.1% |
| Operating profit (loss) | 9901 | €48,435 | €7,783 | -€40,652 | -83.9% |
| Financial income | 75/76B | €501 | €0 | -€500 | -100.0% |
| Recurring financial income | 75 | €501 | €0 | -€500 | -100.0% |
| Financial charges | 65/66B | €1,779 | €3,755 | +€1,976 | +111% |
| Recurring financial charges | 65 | €1,779 | €3,755 | +€1,976 | +111% |
| Profit (loss) for the period before taxes | 9903 | €47,157 | €4,028 | -€43,128 | -91.5% |
| Income taxes | 67/77 | €5,142 | €1,008 | -€4,135 | -80.4% |
| Profit (loss) for the period | 9904 | €42,014 | €3,021 | -€38,994 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,014 | €3,021 | -€38,994 | -92.8% |
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 19 October 2026 via checked.be.