ENGELS B&E: 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.
ENGELS B&E
Largest movements
- Receivables within one year +€26,518
up €26,518 (+67.4%), from €39,339 to €65,858
of which Trade receivables: +€25,651
- Tangible fixed assets -€5,140
down €5,140 (-16.6%), from €31,002 to €25,863
of which Furniture and vehicles: -€4,894
- Other debts +€76,818
up €76,818 (+669.7%), from €11,470 to €88,288
- Profit (loss) carried forward -€49,209
down €49,209 (-21.0%), from -€234,200 to -€283,409
- Trade debts -€7,723
down €7,723 (-4.3%), from €177,825 to €170,103
- Tax, wage and social debts +€3,186
up €3,186 (+18.6%), from €17,144 to €20,331
of which Taxes: +€4,766
- Gross operating margin -€42,366
down €42,366, from €29,445 to -€12,921
- Staff costs -€6,746
down €6,746 (-27.6%), from €24,469 to €17,722
- Other operating charges +€4,797
up €4,797 (+135.1%), from €3,550 to €8,347
- Depreciation -€2,462
down €2,462 (-28.2%), from €8,731 to €6,269
- Financial charges +€1,959
up €1,959 (+86.2%), from €2,274 to €4,233
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.
Cash bridge derived
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 | €70,811 | €93,627 | +€22,815 | +32.2% |
| Fixed assets | 21/28 | €31,002 | €25,863 | -€5,140 | -16.6% |
| Tangible fixed assets | 22/27 | €31,002 | €25,863 | -€5,140 | -16.6% |
| Plant, machinery and equipment | 23 | €1,359 | €1,113 | -€246 | -18.1% |
| Furniture and vehicles | 24 | €9,134 | €4,240 | -€4,894 | -53.6% |
| Other tangible fixed assets | 26 | €20,510 | €20,510 | = | 0.0% |
| Current assets | 29/58 | €39,809 | €67,764 | +€27,955 | +70.2% |
| Amounts receivable within one year | 40/41 | €39,339 | €65,858 | +€26,518 | +67.4% |
| Trade receivables | 40 | €31,293 | €56,944 | +€25,651 | +82.0% |
| Other amounts receivable | 41 | €8,047 | €8,914 | +€868 | +10.8% |
| Cash at bank and in hand | 54/58 | €274 | €959 | +€685 | +249.8% |
| Deferred charges and accrued income | 490/1 | €196 | €947 | +€752 | +384.6% |
| Total equity and liabilities | 10/49 | €70,811 | €93,627 | +€22,815 | +32.2% |
| Equity | 10/15 | -€210,886 | -€260,095 | -€49,209 | -23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,714 | €4,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,854 | €2,854 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,200 | -€283,409 | -€49,209 | -21.0% |
| Amounts payable | 17/49 | €281,697 | €353,722 | +€72,024 | +25.6% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €206,440 | €278,722 | +€72,282 | +35.0% |
| Trade debts | 44 | €177,825 | €170,103 | -€7,723 | -4.3% |
| Suppliers | 440/4 | €177,825 | €170,103 | -€7,723 | -4.3% |
| Taxes, remuneration and social security | 45 | €17,144 | €20,331 | +€3,186 | +18.6% |
| Taxes | 450/3 | €15,565 | €20,331 | +€4,766 | +30.6% |
| Remuneration and social security | 454/9 | €1,579 | €0 | -€1,579 | -100.0% |
| Other amounts payable | 47/48 | €11,470 | €88,288 | +€76,818 | +669.7% |
| Accrued charges and deferred income | 492/3 | €257 | €0 | -€257 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,469 | €17,722 | -€6,746 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,731 | €6,269 | -€2,462 | -28.2% |
| Other operating charges | 640/8 | €3,550 | €8,347 | +€4,797 | +135.1% |
| Gross operating margin | 9900 | €29,445 | -€12,921 | -€42,366 | |
| Operating profit (loss) | 9901 | -€7,304 | -€45,259 | -€37,954 | -519.6% |
| Financial income | 75/76B | €61 | €566 | +€505 | +827.3% |
| Recurring financial income | 75 | €61 | €566 | +€505 | +827.3% |
| Financial charges | 65/66B | €2,274 | €4,233 | +€1,959 | +86.2% |
| Recurring financial charges | 65 | €2,274 | €4,233 | +€1,959 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,517 | -€48,926 | -€39,409 | -414.1% |
| Income taxes | 67/77 | €219 | €283 | +€64 | +29.3% |
| Profit (loss) for the period | 9904 | -€9,736 | -€49,209 | -€39,473 | -405.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,736 | -€49,209 | -€39,473 | -405.4% |
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 12 October 2026 via checked.be.