Engelrelst: 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.
What changed
Engelrelst
NACE 47.712, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€759,691
2024 · €805,793-€46,102
Equity
€2.9m
2024 · €3.5m-€545,797
Cash
€1.5m
2024 · €1.0m+€435,871
Balance sheet total
€5.4m
2024 · €5.1m+€293,747
Largest movements
Assets
- Cash +€435,871
up €435,871 (+42.4%), from €1.0m to €1.5m
mainly Other debts (+€1.0m) and Net result for the year (+€759,691)
- Tangible fixed assets -€133,588
down €133,588 (-3.9%), from €3.4m to €3.3m
of which Plant, machinery and equipment: -€81,121
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+126%), from €813,581 to €1.8m
- Profit (loss) carried forward -€495,797
down €495,797 (-92.1%), from €538,271 to €42,474
- Debts after one year -€145,512
down €145,512 (-33.0%), from €441,200 to €295,688
Income statement
- Gross operating margin -€58,620
down €58,620 (-3.7%), from €1.6m to €1.5m
- Write-downs +€18,089
up €18,089, from -€8,891 to €9,198
- Taxes -€17,288
down €17,288 (-9.9%), from €174,842 to €157,554
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.
Result 2024
€805,793
Gross operating margin
-€58,620
Staff costs
+€2,566
Depreciation
+€1,867
Write-downs
-€18,089
Other operating charges
-€2,194
Financial income
-€1,640
Financial charges
+€12,720
Taxes
+€17,288
Result 2025
€759,691
raises the resultlowers the result
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.
From operations
+€1.9m
Investment
€0
Financing
-€1.4m
Cash 2024
€1.0m
From operations (derived)
+€1.9m
Net result for the year
+€759,691
Depreciation
+€133,588
Stocks and contracts
-€17,761
Receivables within one year
+€21,695
Deferred charges and accrued income
+€4,603
Trade debts
+€5,695
Tax, wage and social debts
-€44,874
Advances received
-€5,386
Other debts
+€1.0m
Accrued charges and deferred income
-€1,013
Financing
-€1.4m
Debts after one year
-€145,512
Current portion of long-term debt
+€3,860
Contributions, distributions and other
-€1.3m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,100,900 | €5,394,647 | +€293,747 | +5.8% |
| Fixed assets | 21/28 | €3,437,419 | €3,303,831 | -€133,588 | -3.9% |
| Tangible fixed assets | 22/27 | €3,435,421 | €3,301,833 | -€133,588 | -3.9% |
| Land and buildings | 22 | €2,620,301 | €2,577,211 | -€43,090 | -1.6% |
| Plant, machinery and equipment | 23 | €340,360 | €259,239 | -€81,121 | -23.8% |
| Furniture and vehicles | 24 | €22,696 | €15,271 | -€7,425 | -32.7% |
| Other tangible fixed assets | 26 | €452,064 | €450,112 | -€1,952 | -0.4% |
| Financial fixed assets | 28 | €1,998 | €1,998 | = | 0.0% |
| Current assets | 29/58 | €1,663,481 | €2,090,816 | +€427,335 | +25.7% |
| Stocks and contracts in progress | 3 | €464,368 | €482,130 | +€17,761 | +3.8% |
| Stocks | 30/36 | €464,368 | €482,130 | +€17,761 | +3.8% |
| Amounts receivable within one year | 40/41 | €79,123 | €57,429 | -€21,695 | -27.4% |
| Trade receivables | 40 | €49,723 | €43,991 | -€5,732 | -11.5% |
| Other amounts receivable | 41 | €29,400 | €13,437 | -€15,962 | -54.3% |
| Current investments | 50/53 | €80,996 | €80,996 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,027,548 | €1,463,420 | +€435,871 | +42.4% |
| Deferred charges and accrued income | 490/1 | €11,445 | €6,842 | -€4,603 | -40.2% |
| Total equity and liabilities | 10/49 | €5,100,900 | €5,394,647 | +€293,747 | +5.8% |
| Equity | 10/15 | €3,470,904 | €2,925,108 | -€545,797 | -15.7% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €2,852,034 | €2,802,034 | -€50,000 | -1.8% |
| Tax-exempt reserves | 132 | €52,034 | €52,034 | = | 0.0% |
| Distributable reserves | 133 | €2,800,000 | €2,750,000 | -€50,000 | -1.8% |
| Profit (loss) carried forward | 14 | €538,271 | €42,474 | -€495,797 | -92.1% |
| Amounts payable | 17/49 | €1,629,995 | €2,469,539 | +€839,544 | +51.5% |
| Amounts payable after more than one year | 17 | €441,200 | €295,688 | -€145,512 | -33.0% |
| Financial debts | 170/4 | €441,200 | €295,688 | -€145,512 | -33.0% |
| Amounts payable within one year | 42/48 | €1,184,540 | €2,170,609 | +€986,069 | +83.2% |
| Current portion of amounts payable after more than one year | 42 | €141,652 | €145,512 | +€3,860 | +2.7% |
| Trade debts | 44 | €49,926 | €55,621 | +€5,695 | +11.4% |
| Suppliers | 440/4 | €49,926 | €55,621 | +€5,695 | +11.4% |
| Advances received on contracts in progress | 46 | €8,875 | €3,489 | -€5,386 | -60.7% |
| Taxes, remuneration and social security | 45 | €170,506 | €125,632 | -€44,874 | -26.3% |
| Taxes | 450/3 | €89,725 | €65,798 | -€23,927 | -26.7% |
| Remuneration and social security | 454/9 | €80,781 | €59,834 | -€20,947 | -25.9% |
| Other amounts payable | 47/48 | €813,581 | €1,840,356 | +€1.0m | +126% |
| Accrued charges and deferred income | 492/3 | €4,255 | €3,242 | -€1,013 | -23.8% |
| Remuneration, social security and pensions | 62 | €424,029 | €421,463 | -€2,566 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,455 | €133,588 | -€1,867 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,891 | €9,198 | +€18,089 | |
| Other operating charges | 640/8 | €16,793 | €18,987 | +€2,194 | +13.1% |
| Gross operating margin | 9900 | €1,564,633 | €1,506,014 | -€58,620 | -3.7% |
| Operating profit (loss) | 9901 | €997,247 | €922,777 | -€74,470 | -7.5% |
| Financial income | 75/76B | €77,257 | €75,616 | -€1,640 | -2.1% |
| Recurring financial income | 75 | €77,257 | €75,616 | -€1,640 | -2.1% |
| Financial charges | 65/66B | €93,868 | €81,148 | -€12,720 | -13.6% |
| Recurring financial charges | 65 | €93,868 | €81,148 | -€12,720 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €980,635 | €917,245 | -€63,390 | -6.5% |
| Income taxes | 67/77 | €174,842 | €157,554 | -€17,288 | -9.9% |
| Profit (loss) for the period | 9904 | €805,793 | €759,691 | -€46,102 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €805,793 | €759,691 | -€46,102 | -5.7% |
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.