ENGELHOLM: 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.
ENGELHOLM
Largest movements
- Cash +€58,411
up €58,411 (+50.8%), from €114,898 to €173,310
mainly Net result for the year (+€75,586) and Other debts (+€37,283)
- Tangible fixed assets -€7,157
down €7,157 (-92.5%), from €7,739 to €583
- Other debts +€37,283
up €37,283 (+119%), from €31,337 to €68,620
- Reserves +€21,000
up €21,000 (+5.9%), from €354,030 to €375,030
- Tax, wage and social debts -€9,280
down €9,280 (-74.5%), from €12,455 to €3,175
- Gross operating margin +€1,973
up €1,973 (+1.8%), from €107,229 to €109,202
- Depreciation -€1,674
down €1,674 (-19.0%), from €8,830 to €7,157
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 | €406,715 | €459,622 | +€52,907 | +13.0% |
| Fixed assets | 21/28 | €7,739 | €583 | -€7,157 | -92.5% |
| Tangible fixed assets | 22/27 | €7,739 | €583 | -€7,157 | -92.5% |
| Furniture and vehicles | 24 | €7,739 | €583 | -€7,157 | -92.5% |
| Current assets | 29/58 | €398,975 | €459,039 | +€60,064 | +15.1% |
| Amounts receivable within one year | 40/41 | €408 | €2,005 | +€1,597 | +391% |
| Other amounts receivable | 41 | €408 | €2,005 | +€1,597 | +391% |
| Current investments | 50/53 | €277,838 | €278,415 | +€577 | +0.2% |
| Cash at bank and in hand | 54/58 | €114,898 | €173,310 | +€58,411 | +50.8% |
| Deferred charges and accrued income | 490/1 | €5,831 | €5,310 | -€521 | -8.9% |
| Total equity and liabilities | 10/49 | €406,715 | €459,622 | +€52,907 | +13.0% |
| Equity | 10/15 | €361,447 | €382,533 | +€21,086 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €354,030 | €375,030 | +€21,000 | +5.9% |
| Distributable reserves | 133 | €354,030 | €375,030 | +€21,000 | +5.9% |
| Profit (loss) carried forward | 14 | €1,217 | €1,303 | +€86 | +7.1% |
| Amounts payable | 17/49 | €45,268 | €77,089 | +€31,821 | +70.3% |
| Amounts payable within one year | 42/48 | €45,268 | €77,089 | +€31,821 | +70.3% |
| Trade debts | 44 | €1,476 | €5,294 | +€3,819 | +259% |
| Suppliers | 440/4 | €1,476 | €5,294 | +€3,819 | +259% |
| Taxes, remuneration and social security | 45 | €12,455 | €3,175 | -€9,280 | -74.5% |
| Taxes | 450/3 | €12,455 | €3,175 | -€9,280 | -74.5% |
| Other amounts payable | 47/48 | €31,337 | €68,620 | +€37,283 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,830 | €7,157 | -€1,674 | -19.0% |
| Other operating charges | 640/8 | €1,191 | €1,221 | +€30 | +2.5% |
| Gross operating margin | 9900 | €107,229 | €109,202 | +€1,973 | +1.8% |
| Operating profit (loss) | 9901 | €97,208 | €100,825 | +€3,617 | +3.7% |
| Financial income | 75/76B | €6,072 | €6,889 | +€817 | +13.5% |
| Recurring financial income | 75 | €6,072 | €6,889 | +€817 | +13.5% |
| Financial charges | 65/66B | €590 | €287 | -€304 | -51.4% |
| Recurring financial charges | 65 | €590 | €287 | -€304 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €102,689 | €107,427 | +€4,738 | +4.6% |
| Income taxes | 67/77 | €30,763 | €31,841 | +€1,078 | +3.5% |
| Profit (loss) for the period | 9904 | €71,925 | €75,586 | +€3,661 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,925 | €75,586 | +€3,661 | +5.1% |
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.