Engels Immo: what changed
Two fiscal 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 Immo
Largest movements
- Tangible fixed assets -€62,001
down €62,001 (-9.3%), from €666,810 to €604,809
of which Land and buildings: -€56,529
- Receivables after one year -€17,141
down €17,141 (-13.7%), from €125,000 to €107,859
- Debts after one year -€55,453
down €55,453 (-13.6%), from €407,814 to €352,361
- Trade debts -€17,122
down €17,122 (-96.7%), from €17,701 to €579
- Gross operating margin +€5,144
up €5,144 (+4.5%), from €113,292 to €118,436
- Financial charges +€3,440
up €3,440 (+12.4%), from €27,716 to €31,156
- Depreciation -€2,196
down €2,196 (-3.4%), from €64,197 to €62,001
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 | €812,902 | €744,758 | -€68,144 | -8.4% |
| Fixed assets | 21/28 | €666,810 | €604,809 | -€62,001 | -9.3% |
| Tangible fixed assets | 22/27 | €666,810 | €604,809 | -€62,001 | -9.3% |
| Land and buildings | 22 | €660,813 | €604,284 | -€56,529 | -8.6% |
| Plant, machinery and equipment | 23 | €5,997 | €525 | -€5,472 | -91.2% |
| Current assets | 29/58 | €146,092 | €139,948 | -€6,143 | -4.2% |
| Amounts receivable after more than one year | 29 | €125,000 | €107,859 | -€17,141 | -13.7% |
| Trade receivables | 290 | €125,000 | €107,859 | -€17,141 | -13.7% |
| Amounts receivable within one year | 40/41 | €13,472 | €17,185 | +€3,713 | +27.6% |
| Trade receivables | 40 | €5,109 | €11,000 | +€5,891 | +115.3% |
| Other amounts receivable | 41 | €8,363 | €6,185 | -€2,178 | -26.0% |
| Cash at bank and in hand | 54/58 | €7,620 | €14,904 | +€7,285 | +95.6% |
| Total equity and liabilities | 10/49 | €812,902 | €744,758 | -€68,144 | -8.4% |
| Equity | 10/15 | €290,708 | €296,490 | +€5,782 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,508 | €290,290 | +€5,782 | +2.0% |
| Tax-exempt reserves | 132 | €16,320 | €16,320 | = | 0.0% |
| Distributable reserves | 133 | €268,188 | €273,970 | +€5,782 | +2.2% |
| Provisions and deferred taxes | 16 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Environmental obligations | 163 | €40,000 | €32,000 | -€8,000 | -20.0% |
| Amounts payable | 17/49 | €482,194 | €416,268 | -€65,926 | -13.7% |
| Amounts payable after more than one year | 17 | €407,814 | €352,361 | -€55,453 | -13.6% |
| Financial debts | 170/4 | €407,814 | €352,361 | -€55,453 | -13.6% |
| Amounts payable within one year | 42/48 | €74,380 | €63,906 | -€10,474 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €53,107 | €55,453 | +€2,346 | +4.4% |
| Trade debts | 44 | €17,701 | €579 | -€17,122 | -96.7% |
| Suppliers | 440/4 | €17,701 | €579 | -€17,122 | -96.7% |
| Taxes, remuneration and social security | 45 | €1,572 | €5,787 | +€4,215 | +268.1% |
| Taxes | 450/3 | €1,572 | €5,787 | +€4,215 | +268.1% |
| Other amounts payable | 47/48 | €2,000 | €2,088 | +€88 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,197 | €62,001 | -€2,196 | -3.4% |
| Other operating charges | 640/8 | €17,773 | €17,497 | -€276 | -1.6% |
| Gross operating margin | 9900 | €113,292 | €118,436 | +€5,144 | +4.5% |
| Operating profit (loss) | 9901 | €31,323 | €38,939 | +€7,616 | +24.3% |
| Financial charges | 65/66B | €27,716 | €31,156 | +€3,440 | +12.4% |
| Recurring financial charges | 65 | €27,716 | €31,156 | +€3,440 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €3,607 | €7,782 | +€4,175 | +115.8% |
| Income taxes | 67/77 | €902 | €2,000 | +€1,098 | +121.8% |
| Profit (loss) for the period | 9904 | €2,705 | €5,782 | +€3,077 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,705 | €5,782 | +€3,077 | +113.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.