Engelen Ronny: 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 Ronny
Largest movements
- Cash +€18,742
up €18,742 (+44.8%), from €41,846 to €60,587
mainly Net result for the year (+€31,214) and Depreciation (+€6,299)
- Receivables within one year +€9,463
up €9,463 (+58.7%), from €16,133 to €25,596
of which Trade receivables: +€7,149
- Tangible fixed assets +€4,352
up €4,352 (+25.3%), from €17,209 to €21,561
of which Furniture and vehicles: +€3,328
- Stocks and contracts +€1,353
up €1,353 (+31.7%), from €4,267 to €5,620
- Reserves +€31,214
up €31,214 (+44.4%), from €70,364 to €101,578
- Tax, wage and social debts +€2,001
up €2,001 (+127%), from €1,579 to €3,580
- Gross operating margin +€3,098
up €3,098 (+7.2%), from €43,127 to €46,224
- Taxes -€2,921
down €2,921 (-26.8%), from €10,892 to €7,972
- Depreciation +€2,308
up €2,308 (+57.8%), from €3,991 to €6,299
- Financial charges +€560
up €560 (+408%), from €137 to €697
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 | €79,711 | €113,710 | +€33,999 | +42.7% |
| Fixed assets | 21/28 | €17,209 | €21,561 | +€4,352 | +25.3% |
| Tangible fixed assets | 22/27 | €17,209 | €21,561 | +€4,352 | +25.3% |
| Plant, machinery and equipment | 23 | - | €1,024 | +€1,024 | |
| Furniture and vehicles | 24 | €17,209 | €20,537 | +€3,328 | +19.3% |
| Current assets | 29/58 | €62,501 | €92,149 | +€29,647 | +47.4% |
| Stocks and contracts in progress | 3 | €4,267 | €5,620 | +€1,353 | +31.7% |
| Stocks | 30/36 | €4,267 | €5,620 | +€1,353 | +31.7% |
| Amounts receivable within one year | 40/41 | €16,133 | €25,596 | +€9,463 | +58.7% |
| Trade receivables | 40 | €6,510 | €13,658 | +€7,149 | +110% |
| Other amounts receivable | 41 | €9,623 | €11,938 | +€2,314 | +24.0% |
| Cash at bank and in hand | 54/58 | €41,846 | €60,587 | +€18,742 | +44.8% |
| Deferred charges and accrued income | 490/1 | €255 | €345 | +€90 | +35.5% |
| Total equity and liabilities | 10/49 | €79,711 | €113,710 | +€33,999 | +42.7% |
| Equity | 10/15 | €76,364 | €107,578 | +€31,214 | +40.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €70,364 | €101,578 | +€31,214 | +44.4% |
| Distributable reserves | 133 | €70,364 | €101,578 | +€31,214 | +44.4% |
| Amounts payable | 17/49 | €3,347 | €6,132 | +€2,785 | +83.2% |
| Amounts payable within one year | 42/48 | €3,347 | €6,132 | +€2,785 | +83.2% |
| Trade debts | 44 | €1,239 | €1,736 | +€497 | +40.1% |
| Suppliers | 440/4 | €1,239 | €1,736 | +€497 | +40.1% |
| Taxes, remuneration and social security | 45 | €1,579 | €3,580 | +€2,001 | +127% |
| Taxes | 450/3 | €1,579 | €3,580 | +€2,001 | +127% |
| Other amounts payable | 47/48 | €529 | €816 | +€287 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,991 | €6,299 | +€2,308 | +57.8% |
| Other operating charges | 640/8 | €522 | €570 | +€47 | +9.1% |
| Gross operating margin | 9900 | €43,127 | €46,224 | +€3,098 | +7.2% |
| Operating profit (loss) | 9901 | €38,613 | €39,355 | +€742 | +1.9% |
| Financial income | 75/76B | €595 | €528 | -€68 | -11.4% |
| Recurring financial income | 75 | €595 | €528 | -€68 | -11.4% |
| Financial charges | 65/66B | €137 | €697 | +€560 | +408% |
| Recurring financial charges | 65 | €137 | €697 | +€560 | +408% |
| Profit (loss) for the period before taxes | 9903 | €39,072 | €39,186 | +€114 | +0.3% |
| Income taxes | 67/77 | €10,892 | €7,972 | -€2,921 | -26.8% |
| Profit (loss) for the period | 9904 | €28,179 | €31,214 | +€3,035 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,179 | €31,214 | +€3,035 | +10.8% |
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 25 October 2026 via checked.be.