ENGICAM: 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.
ENGICAM
Largest movements
- Tangible fixed assets -€53,614
down €53,614 (-10.4%), from €513,991 to €460,377
of which Land and buildings: -€34,626
- Receivables within one year -€45,554
down €45,554 (-59.3%), from €76,884 to €31,330
of which Other amounts receivable: -€54,050
- Profit (loss) carried forward -€57,818
down €57,818 (-29.9%), from €193,393 to €135,575
- Reserves -€35,343
down €35,343 (-17.3%), from €204,296 to €168,953
of which Distributable reserves: -€35,343
- Gross operating margin -€32,335
down €32,335 (-54.8%), from €59,013 to €26,678
- Other operating charges +€22,381
up €22,381 (+571.2%), from €3,918 to €26,300
- Depreciation -€4,326
down €4,326 (-7.5%), from €57,940 to €53,614
- Taxes -€3,377
down €3,377 (-86.2%), from €3,920 to €542
- Financial charges +€3,324
up €3,324 (+169.2%), from €1,965 to €5,288
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 | €602,971 | €504,714 | -€98,257 | -16.3% |
| Fixed assets | 21/28 | €514,289 | €460,675 | -€53,614 | -10.4% |
| Tangible fixed assets | 22/27 | €513,991 | €460,377 | -€53,614 | -10.4% |
| Land and buildings | 22 | €481,595 | €446,969 | -€34,626 | -7.2% |
| Plant, machinery and equipment | 23 | €1,557 | €349 | -€1,208 | -77.6% |
| Furniture and vehicles | 24 | €30,839 | €13,059 | -€17,780 | -57.7% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €88,682 | €44,039 | -€44,643 | -50.3% |
| Amounts receivable within one year | 40/41 | €76,884 | €31,330 | -€45,554 | -59.3% |
| Trade receivables | 40 | €15,337 | €23,833 | +€8,496 | +55.4% |
| Other amounts receivable | 41 | €61,547 | €7,497 | -€54,050 | -87.8% |
| Cash at bank and in hand | 54/58 | €5,084 | €4,967 | -€117 | -2.3% |
| Deferred charges and accrued income | 490/1 | €6,714 | €7,743 | +€1,029 | +15.3% |
| Total equity and liabilities | 10/49 | €602,971 | €504,714 | -€98,257 | -16.3% |
| Equity | 10/15 | €559,189 | €466,028 | -€93,160 | -16.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €204,296 | €168,953 | -€35,343 | -17.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €198,146 | €162,803 | -€35,343 | -17.8% |
| Profit (loss) carried forward | 14 | €193,393 | €135,575 | -€57,818 | -29.9% |
| Amounts payable | 17/49 | €43,782 | €38,685 | -€5,097 | -11.6% |
| Amounts payable after more than one year | 17 | €8,813 | €4,673 | -€4,140 | -47.0% |
| Financial debts | 170/4 | €8,813 | €4,673 | -€4,140 | -47.0% |
| Amounts payable within one year | 42/48 | €34,602 | €33,645 | -€956 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €3,981 | €4,140 | +€159 | +4.0% |
| Financial debts | 43 | €6,129 | €2,648 | -€3,481 | -56.8% |
| Credit institutions | 430/8 | €6,129 | €2,648 | -€3,481 | -56.8% |
| Trade debts | 44 | €3,674 | €2,124 | -€1,550 | -42.2% |
| Suppliers | 440/4 | €3,674 | €2,124 | -€1,550 | -42.2% |
| Taxes, remuneration and social security | 45 | €20,818 | €19,340 | -€1,478 | -7.1% |
| Taxes | 450/3 | €17,500 | €18,340 | +€840 | +4.8% |
| Remuneration and social security | 454/9 | €3,318 | €1,000 | -€2,318 | -69.9% |
| Other amounts payable | 47/48 | - | €5,393 | +€5,393 | |
| Accrued charges and deferred income | 492/3 | €368 | €368 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,940 | €53,614 | -€4,326 | -7.5% |
| Other operating charges | 640/8 | €3,918 | €26,300 | +€22,381 | +571.2% |
| Gross operating margin | 9900 | €59,013 | €26,678 | -€32,335 | -54.8% |
| Operating profit (loss) | 9901 | -€2,845 | -€53,236 | -€50,391 | -1771.1% |
| Financial income | 75/76B | €717 | €1,249 | +€531 | +74.1% |
| Recurring financial income | 75 | €717 | €1,249 | +€531 | +74.1% |
| Financial charges | 65/66B | €1,965 | €5,288 | +€3,324 | +169.2% |
| Recurring financial charges | 65 | €1,965 | €5,288 | +€3,324 | +169.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,092 | -€57,275 | -€53,183 | -1299.5% |
| Income taxes | 67/77 | €3,920 | €542 | -€3,377 | -86.2% |
| Profit (loss) for the period | 9904 | -€8,012 | -€57,818 | -€49,806 | -621.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,012 | -€57,818 | -€49,806 | -621.6% |
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 8 October 2026 via checked.be.