ENGESMA: 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.
ENGESMA
Largest movements
- Current assets +€73,642
up €73,642 (+66.4%), from €110,958 to €184,600
- Debts +€113,813
up €113,813 (+155%), from €73,241 to €187,054
- Profit (loss) carried forward -€39,392
down €39,392, from €11,564 to -€27,828
- Gross operating margin +€24,704
up €24,704 (+52.3%), from €47,260 to €71,964
- Depreciation -€2,909
down €2,909 (-26.6%), from €10,943 to €8,034
- Taxes -€1,146
down €1,146 (-93.5%), from €1,227 to €80
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,105 | €194,526 | +€74,421 | +62.0% |
| Fixed assets | 21/28 | €9,147 | €9,926 | +€780 | +8.5% |
| Tangible fixed assets | 22/27 | €9,147 | €9,926 | +€780 | +8.5% |
| Current assets | 29/58 | €110,958 | €184,600 | +€73,642 | +66.4% |
| Stocks and contracts in progress | 3 | €16,553 | €28,516 | +€11,963 | +72.3% |
| Amounts receivable within one year | 40/41 | €26,388 | €8,980 | -€17,408 | -66.0% |
| Cash at bank and in hand | 54/58 | €17,365 | €19,839 | +€2,473 | +14.2% |
| Total equity and liabilities | 10/49 | €120,105 | €194,526 | +€74,421 | +62.0% |
| Equity | 10/15 | €46,864 | €7,472 | -€39,392 | -84.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,750 | €16,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,564 | -€27,828 | -€39,392 | |
| Amounts payable | 17/49 | €73,241 | €187,054 | +€113,813 | +155% |
| Amounts payable within one year | 42/48 | €70,741 | €187,054 | +€116,313 | +164% |
| Trade debts | 44 | €20,434 | €104,439 | +€84,005 | +411% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,943 | €8,034 | -€2,909 | -26.6% |
| Gross operating margin | 9900 | €47,260 | €71,964 | +€24,704 | +52.3% |
| Operating profit (loss) | 9901 | €5,379 | -€38,172 | -€43,551 | |
| Recurring financial income | 75 | €92 | €191 | +€99 | +108% |
| Recurring financial charges | 65 | €881 | €1,330 | +€449 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €4,589 | -€39,311 | -€43,901 | |
| Income taxes | 67/77 | €1,227 | €80 | -€1,146 | -93.5% |
| Profit (loss) for the period | 9904 | €3,363 | -€39,392 | -€42,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,363 | -€39,392 | -€42,754 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.