ENGELENVEN: 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.
ENGELENVEN
Largest movements
- Tangible fixed assets -€53,823
down €53,823 (-4.3%), from €1.3m to €1.2m
of which Land and buildings: -€56,310
- Receivables within one year -€26,263
down €26,263 (-98.3%), from €26,712 to €448
of which Trade receivables: -€26,137
- Cash +€17,306
up €17,306 (+48.2%), from €35,941 to €53,247
mainly Depreciation (+€76,413) and Net result for the year (+€67,608)
- Debts after one year -€139,872
down €139,872 (-32.0%), from €437,558 to €297,687
of which Financial debts: -€132,872
- Reserves +€67,608
up €67,608 (+10.8%), from €625,307 to €692,916
- Tax, wage and social debts +€33,693
up €33,693 (+365%), from €9,242 to €42,936
of which Remuneration and social security: +€17,243
- Other debts -€14,998
down €14,998 (-81.2%), from €18,479 to €3,481
- Gross operating margin -€41,955
down €41,955 (-17.8%), from €235,883 to €193,928
- Depreciation +€11,477
up €11,477 (+17.7%), from €64,935 to €76,413
- Taxes -€6,622
down €6,622 (-21.1%), from €31,383 to €24,761
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 | €1,321,986 | €1,254,284 | -€67,702 | -5.1% |
| Fixed assets | 21/28 | €1,254,411 | €1,200,589 | -€53,823 | -4.3% |
| Tangible fixed assets | 22/27 | €1,254,411 | €1,200,589 | -€53,823 | -4.3% |
| Land and buildings | 22 | €1,062,417 | €1,006,107 | -€56,310 | -5.3% |
| Plant, machinery and equipment | 23 | €191,994 | €176,410 | -€15,584 | -8.1% |
| Furniture and vehicles | 24 | €0 | €18,072 | +€18,072 | |
| Current assets | 29/58 | €67,575 | €53,695 | -€13,879 | -20.5% |
| Amounts receivable within one year | 40/41 | €26,712 | €448 | -€26,263 | -98.3% |
| Trade receivables | 40 | €26,585 | €448 | -€26,137 | -98.3% |
| Other amounts receivable | 41 | €127 | €0 | -€127 | -100% |
| Cash at bank and in hand | 54/58 | €35,941 | €53,247 | +€17,306 | +48.2% |
| Deferred charges and accrued income | 490/1 | €4,922 | €0 | -€4,922 | -100% |
| Total equity and liabilities | 10/49 | €1,321,986 | €1,254,284 | -€67,702 | -5.1% |
| Equity | 10/15 | €645,307 | €712,916 | +€67,608 | +10.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €625,307 | €692,916 | +€67,608 | +10.8% |
| Distributable reserves | 133 | €625,307 | €692,916 | +€67,608 | +10.8% |
| Amounts payable | 17/49 | €676,679 | €541,368 | -€135,311 | -20.0% |
| Amounts payable after more than one year | 17 | €437,558 | €297,687 | -€139,872 | -32.0% |
| Financial debts | 170/4 | €336,558 | €203,687 | -€132,872 | -39.5% |
| Other amounts payable | 178/9 | €101,000 | €94,000 | -€7,000 | -6.9% |
| Amounts payable within one year | 42/48 | €239,120 | €243,682 | +€4,561 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €149,871 | €139,872 | -€9,999 | -6.7% |
| Trade debts | 44 | €9,975 | €5,841 | -€4,135 | -41.4% |
| Suppliers | 440/4 | €9,975 | €5,841 | -€4,135 | -41.4% |
| Advances received on contracts in progress | 46 | €51,553 | €51,553 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,242 | €42,936 | +€33,693 | +365% |
| Taxes | 450/3 | €9,242 | €25,693 | +€16,450 | +178% |
| Remuneration and social security | 454/9 | - | €17,243 | +€17,243 | |
| Other amounts payable | 47/48 | €18,479 | €3,481 | -€14,998 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,935 | €76,413 | +€11,477 | +17.7% |
| Other operating charges | 640/8 | €7,597 | €8,147 | +€549 | +7.2% |
| Gross operating margin | 9900 | €235,883 | €193,928 | -€41,955 | -17.8% |
| Operating profit (loss) | 9901 | €163,350 | €109,369 | -€53,982 | -33.0% |
| Financial income | 75/76B | €30 | €98 | +€68 | +229% |
| Recurring financial income | 75 | €30 | €98 | +€68 | +229% |
| Financial charges | 65/66B | €16,268 | €17,097 | +€829 | +5.1% |
| Recurring financial charges | 65 | €16,268 | €17,097 | +€829 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €147,113 | €92,369 | -€54,743 | -37.2% |
| Income taxes | 67/77 | €31,383 | €24,761 | -€6,622 | -21.1% |
| Profit (loss) for the period | 9904 | €115,730 | €67,608 | -€48,121 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,730 | €67,608 | -€48,121 | -41.6% |
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.