ENGELS CONSULTANCY: 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 CONSULTANCY
Largest movements
- Cash +€73,771
up €73,771 (+47.4%), from €155,597 to €229,367
mainly Net result for the year (+€48,245) and Tax, wage and social debts (+€27,113)
- Tangible fixed assets -€13,711
down €13,711 (-5.1%), from €267,305 to €253,594
of which Land and buildings: -€12,044
- Reserves +€48,245
up €48,245 (+13.3%), from €361,577 to €409,822
of which Distributable reserves: +€48,245
- Tax, wage and social debts +€27,113
up €27,113 (+282%), from €9,602 to €36,715
of which Taxes: +€25,453
- Debts after one year -€14,956
down €14,956 (-15.8%), from €94,582 to €79,626
- Gross operating margin -€26,886
down €26,886 (-17.7%), from €152,178 to €125,292
- Taxes -€7,260
down €7,260 (-26.4%), from €27,457 to €20,197
- Financial charges +€2,070
up €2,070 (+35.9%), from €5,769 to €7,839
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 | €499,181 | €559,003 | +€59,821 | +12.0% |
| Fixed assets | 21/28 | €267,668 | €253,957 | -€13,711 | -5.1% |
| Tangible fixed assets | 22/27 | €267,305 | €253,594 | -€13,711 | -5.1% |
| Land and buildings | 22 | €263,223 | €251,180 | -€12,044 | -4.6% |
| Plant, machinery and equipment | 23 | €2,098 | €1,578 | -€520 | -24.8% |
| Furniture and vehicles | 24 | €1,983 | €836 | -€1,147 | -57.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €231,514 | €305,046 | +€73,533 | +31.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,200 | €45,679 | +€1,479 | +3.3% |
| Trade receivables | 40 | €37,703 | €41,285 | +€3,583 | +9.5% |
| Other amounts receivable | 41 | €6,497 | €4,394 | -€2,103 | -32.4% |
| Cash at bank and in hand | 54/58 | €155,597 | €229,367 | +€73,771 | +47.4% |
| Deferred charges and accrued income | 490/1 | €1,717 | €0 | -€1,717 | -100% |
| Total equity and liabilities | 10/49 | €499,181 | €559,003 | +€59,821 | +12.0% |
| Equity | 10/15 | €367,777 | €416,022 | +€48,245 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €361,577 | €409,822 | +€48,245 | +13.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €361,577 | €409,822 | +€48,245 | +13.3% |
| Amounts payable | 17/49 | €131,405 | €142,981 | +€11,577 | +8.8% |
| Amounts payable after more than one year | 17 | €94,582 | €79,626 | -€14,956 | -15.8% |
| Financial debts | 170/4 | €94,582 | €79,626 | -€14,956 | -15.8% |
| Amounts payable within one year | 42/48 | €33,433 | €58,271 | +€24,838 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €17,533 | €17,949 | +€417 | +2.4% |
| Trade debts | 44 | €6,298 | €3,607 | -€2,692 | -42.7% |
| Suppliers | 440/4 | €6,298 | €3,607 | -€2,692 | -42.7% |
| Taxes, remuneration and social security | 45 | €9,602 | €36,715 | +€27,113 | +282% |
| Taxes | 450/3 | €9,602 | €35,055 | +€25,453 | +265% |
| Remuneration and social security | 454/9 | €0 | €1,660 | +€1,660 | |
| Accrued charges and deferred income | 492/3 | €3,390 | €5,085 | +€1,695 | +50.0% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €32,147 | €33,000 | +€853 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,442 | €13,711 | -€731 | -5.1% |
| Other operating charges | 640/8 | €3,739 | €3,173 | -€567 | -15.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €152,178 | €125,292 | -€26,886 | -17.7% |
| Operating profit (loss) | 9901 | €101,850 | €75,408 | -€26,442 | -26.0% |
| Financial income | 75/76B | €526 | €873 | +€348 | +66.2% |
| Recurring financial income | 75 | €526 | €873 | +€348 | +66.2% |
| Financial charges | 65/66B | €5,769 | €7,839 | +€2,070 | +35.9% |
| Recurring financial charges | 65 | €5,769 | €7,839 | +€2,070 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €96,606 | €68,442 | -€28,165 | -29.2% |
| Income taxes | 67/77 | €27,457 | €20,197 | -€7,260 | -26.4% |
| Profit (loss) for the period | 9904 | €69,149 | €48,245 | -€20,905 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,149 | €48,245 | -€20,905 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.