ENGEMAR: 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.
ENGEMAR
Largest movements
- Receivables within one year +€41,605
up €41,605 (+69.0%), from €60,289 to €101,894
of which Trade receivables: +€41,112
- Tangible fixed assets -€13,141
down €13,141 (-68.2%), from €19,259 to €6,118
of which Plant, machinery and equipment: -€9,667
- Financial fixed assets +€1,609
new in 2025: €1,609
- Trade debts +€25,520
up €25,520 (+327.7%), from €7,788 to €33,307
- Profit (loss) carried forward +€8,088
up €8,088 (+19.1%), from €42,374 to €50,462
- Debts after one year -€6,819
down €6,819 (-35.7%), from €19,108 to €12,289
- Tax, wage and social debts +€2,619
up €2,619 (+28.6%), from €9,161 to €11,780
- Gross operating margin -€8,806
down €8,806 (-24.8%), from €35,464 to €26,658
- Depreciation -€1,722
down €1,722 (-11.6%), from €14,862 to €13,141
- Taxes -€1,310
down €1,310 (-30.7%), from €4,270 to €2,961
- Financial income -€1,226
down €1,226 (-99.0%), from €1,238 to €13
- Financial charges +€1,151
up €1,151 (+113.5%), from €1,014 to €2,166
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 | €85,089 | €114,657 | +€29,569 | +34.8% |
| Fixed assets | 21/28 | €19,259 | €7,727 | -€11,531 | -59.9% |
| Tangible fixed assets | 22/27 | €19,259 | €6,118 | -€13,141 | -68.2% |
| Plant, machinery and equipment | 23 | €15,784 | €6,118 | -€9,667 | -61.2% |
| Furniture and vehicles | 24 | €3,474 | - | -€3,474 | |
| Financial fixed assets | 28 | - | €1,609 | +€1,609 | |
| Current assets | 29/58 | €65,830 | €106,930 | +€41,100 | +62.4% |
| Amounts receivable within one year | 40/41 | €60,289 | €101,894 | +€41,605 | +69.0% |
| Trade receivables | 40 | €19,500 | €60,612 | +€41,112 | +210.8% |
| Other amounts receivable | 41 | €40,789 | €41,283 | +€494 | +1.2% |
| Cash at bank and in hand | 54/58 | €5,263 | €4,138 | -€1,125 | -21.4% |
| Deferred charges and accrued income | 490/1 | €278 | €898 | +€620 | +223.3% |
| Total equity and liabilities | 10/49 | €85,089 | €114,657 | +€29,569 | +34.8% |
| Equity | 10/15 | €42,374 | €50,462 | +€8,088 | +19.1% |
| Profit (loss) carried forward | 14 | €42,374 | €50,462 | +€8,088 | +19.1% |
| Amounts payable | 17/49 | €42,715 | €64,195 | +€21,480 | +50.3% |
| Amounts payable after more than one year | 17 | €19,108 | €12,289 | -€6,819 | -35.7% |
| Financial debts | 170/4 | €19,108 | €12,289 | -€6,819 | -35.7% |
| Amounts payable within one year | 42/48 | €23,607 | €51,906 | +€28,300 | +119.9% |
| Current portion of amounts payable after more than one year | 42 | €6,659 | €6,819 | +€160 | +2.4% |
| Trade debts | 44 | €7,788 | €33,307 | +€25,520 | +327.7% |
| Suppliers | 440/4 | €7,788 | €33,307 | +€25,520 | +327.7% |
| Taxes, remuneration and social security | 45 | €9,161 | €11,780 | +€2,619 | +28.6% |
| Taxes | 450/3 | €9,161 | €11,780 | +€2,619 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,862 | €13,141 | -€1,722 | -11.6% |
| Other operating charges | 640/8 | €682 | €316 | -€366 | -53.7% |
| Gross operating margin | 9900 | €35,464 | €26,658 | -€8,806 | -24.8% |
| Operating profit (loss) | 9901 | €19,920 | €13,202 | -€6,719 | -33.7% |
| Financial income | 75/76B | €1,238 | €13 | -€1,226 | -99.0% |
| Recurring financial income | 75 | €1,238 | €13 | -€1,226 | -99.0% |
| Financial charges | 65/66B | €1,014 | €2,166 | +€1,151 | +113.5% |
| Recurring financial charges | 65 | €1,014 | €2,166 | +€1,151 | +113.5% |
| Profit (loss) for the period before taxes | 9903 | €20,144 | €11,049 | -€9,095 | -45.2% |
| Income taxes | 67/77 | €4,270 | €2,961 | -€1,310 | -30.7% |
| Profit (loss) for the period | 9904 | €15,874 | €8,088 | -€7,786 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,874 | €8,088 | -€7,786 | -49.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.