ENGETIL: 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.
ENGETIL
Largest movements
- Cash -€916,873
down €916,873 (-56.5%), from €1.6m to €704,501
mainly Contributions, distributions and other (-€588,667) and Short-term financial debts (-€445,349)
- Receivables within one year +€254,989
up €254,989 (+27.1%), from €942,387 to €1.2m
of which Trade receivables: +€282,421
- Stocks and contracts -€64,900
down €64,900 (-19.7%), from €330,126 to €265,226
of which Stocks: -€40,255
- Tangible fixed assets -€34,822
down €34,822 (-21.6%), from €161,548 to €126,726
of which Plant, machinery and equipment: -€26,614
- Short-term financial debts -€445,349
no longer reported in 2025 (was €445,349)
- Reserves -€175,200
down €175,200 (-78.8%), from €222,300 to €47,100
of which Distributable reserves: -€175,200
- Profit (loss) carried forward -€163,255
down €163,255 (-55.1%), from €296,227 to €132,972
- Trade debts -€110,122
down €110,122 (-10.5%), from €1.1m to €943,376
- Other debts +€96,935
up €96,935 (+95.0%), from €101,987 to €198,922
- Staff costs -€50,292
down €50,292 (-2.4%), from €2.1m to €2.0m
- Gross operating margin +€44,774
up €44,774 (+1.8%), from €2.4m to €2.5m
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 | €3,122,597 | €2,339,073 | -€783,524 | -25.1% |
| Fixed assets | 21/28 | €196,888 | €149,564 | -€47,324 | -24.0% |
| Intangible fixed assets | 21 | €33,413 | €20,911 | -€12,502 | -37.4% |
| Tangible fixed assets | 22/27 | €161,548 | €126,726 | -€34,822 | -21.6% |
| Plant, machinery and equipment | 23 | €100,238 | €73,625 | -€26,614 | -26.6% |
| Furniture and vehicles | 24 | €19,147 | €13,388 | -€5,760 | -30.1% |
| Other tangible fixed assets | 26 | €42,163 | €39,714 | -€2,449 | -5.8% |
| Financial fixed assets | 28 | €1,927 | €1,927 | = | 0.0% |
| Current assets | 29/58 | €2,925,710 | €2,189,509 | -€736,200 | -25.2% |
| Stocks and contracts in progress | 3 | €330,126 | €265,226 | -€64,900 | -19.7% |
| Stocks | 30/36 | €285,426 | €245,171 | -€40,255 | -14.1% |
| Contracts in progress | 37 | €44,700 | €20,055 | -€24,645 | -55.1% |
| Amounts receivable within one year | 40/41 | €942,387 | €1,197,376 | +€254,989 | +27.1% |
| Trade receivables | 40 | €859,858 | €1,142,279 | +€282,421 | +32.8% |
| Other amounts receivable | 41 | €82,528 | €55,097 | -€27,432 | -33.2% |
| Cash at bank and in hand | 54/58 | €1,621,374 | €704,501 | -€916,873 | -56.5% |
| Deferred charges and accrued income | 490/1 | €31,822 | €22,406 | -€9,416 | -29.6% |
| Total equity and liabilities | 10/49 | €3,122,597 | €2,339,073 | -€783,524 | -25.1% |
| Equity | 10/15 | €989,527 | €651,072 | -€338,455 | -34.2% |
| Contributions | 10/11 | €471,000 | €471,000 | = | 0.0% |
| Capital | 10 | €471,000 | €471,000 | = | 0.0% |
| Issued capital | 100 | €471,000 | €471,000 | = | 0.0% |
| Reserves | 13 | €222,300 | €47,100 | -€175,200 | -78.8% |
| Non-distributable reserves | 130/1 | €47,100 | €47,100 | = | 0.0% |
| Legal reserve | 130 | €47,100 | €47,100 | = | 0.0% |
| Distributable reserves | 133 | €175,200 | - | -€175,200 | |
| Profit (loss) carried forward | 14 | €296,227 | €132,972 | -€163,255 | -55.1% |
| Provisions and deferred taxes | 16 | €185,000 | €185,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €185,000 | €185,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €185,000 | €185,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,948,070 | €1,503,001 | -€445,070 | -22.8% |
| Amounts payable after more than one year | 17 | €18,900 | €14,132 | -€4,768 | -25.2% |
| Financial debts | 170/4 | €18,900 | €14,132 | -€4,768 | -25.2% |
| Amounts payable within one year | 42/48 | €1,929,170 | €1,426,958 | -€502,212 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,582 | €4,768 | +€186 | +4.1% |
| Financial debts | 43 | €445,349 | - | -€445,349 | |
| Other loans | 439 | €445,349 | - | -€445,349 | |
| Trade debts | 44 | €1,053,497 | €943,376 | -€110,122 | -10.5% |
| Suppliers | 440/4 | €1,053,497 | €943,376 | -€110,122 | -10.5% |
| Taxes, remuneration and social security | 45 | €323,755 | €279,893 | -€43,862 | -13.5% |
| Taxes | 450/3 | €56,383 | €43,178 | -€13,204 | -23.4% |
| Remuneration and social security | 454/9 | €267,372 | €236,715 | -€30,657 | -11.5% |
| Other amounts payable | 47/48 | €101,987 | €198,922 | +€96,935 | +95.0% |
| Accrued charges and deferred income | 492/3 | - | €61,910 | +€61,910 | |
| Remuneration, social security and pensions | 62 | €2,075,580 | €2,025,288 | -€50,292 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,321 | €60,062 | +€2,741 | +4.8% |
| Other operating charges | 640/8 | €6,980 | €22,581 | +€15,601 | +223.5% |
| Gross operating margin | 9900 | €2,435,104 | €2,479,878 | +€44,774 | +1.8% |
| Operating profit (loss) | 9901 | €295,223 | €371,947 | +€76,724 | +26.0% |
| Financial income | 75/76B | €3,552 | - | -€3,552 | |
| Recurring financial income | 75 | €3,552 | - | -€3,552 | |
| Financial charges | 65/66B | €25,072 | €9,197 | -€15,875 | -63.3% |
| Recurring financial charges | 65 | €25,072 | €9,197 | -€15,875 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €273,703 | €362,750 | +€89,047 | +32.5% |
| Income taxes | 67/77 | €90,943 | €112,538 | +€21,594 | +23.7% |
| Profit (loss) for the period | 9904 | €182,760 | €250,213 | +€67,453 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €182,760 | €250,213 | +€67,453 | +36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.