ENGICOM: 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.
ENGICOM
Largest movements
- Tangible fixed assets +€94,769
up €94,769 (+242.3%), from €39,105 to €133,874
of which Furniture and vehicles: +€96,516
- Current investments +€9,387
up €9,387 (+67.8%), from €13,840 to €23,227
- Cash -€6,370
down €6,370 (-13.4%), from €47,360 to €40,990
mainly Investment in fixed assets (net) (-€105,720) and Contributions, distributions and other (-€46,100)
- Deferred charges and accrued income -€3,768
down €3,768 (-12.4%), from €30,303 to €26,535
- Debts after one year +€56,122
new in 2025: €56,122
- Other debts +€25,635
up €25,635 (+559.7%), from €4,580 to €30,215
- Trade debts +€14,887
up €14,887 (+355.1%), from €4,192 to €19,079
- Current portion of long-term debt +€7,677
up €7,677 (+117.1%), from €6,554 to €14,231
- Tax, wage and social debts -€7,329
down €7,329 (-72.8%), from €10,070 to €2,741
of which Taxes: -€7,287
- Gross operating margin +€6,856
up €6,856 (+11.5%), from €59,622 to €66,478
- Staff costs -€5,473
no longer reported in 2025 (was €5,473)
- Depreciation -€4,348
down €4,348 (-28.4%), from €15,299 to €10,951
- Financial income +€3,918
up €3,918 (+39184800.0%), from €0 to €3,918
- Financial charges +€2,526
up €2,526 (+299.4%), from €844 to €3,370
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 | €152,038 | €243,687 | +€91,649 | +60.3% |
| Fixed assets | 21/28 | €39,105 | €133,874 | +€94,769 | +242.3% |
| Tangible fixed assets | 22/27 | €39,105 | €133,874 | +€94,769 | +242.3% |
| Land and buildings | 22 | €15,288 | €14,693 | -€595 | -3.9% |
| Plant, machinery and equipment | 23 | €459 | €242 | -€216 | -47.2% |
| Furniture and vehicles | 24 | €19,933 | €116,449 | +€96,516 | +484.2% |
| Other tangible fixed assets | 26 | €3,426 | €2,490 | -€935 | -27.3% |
| Current assets | 29/58 | €112,933 | €109,813 | -€3,120 | -2.8% |
| Stocks and contracts in progress | 3 | €450 | €340 | -€110 | -24.4% |
| Stocks | 30/36 | €450 | €340 | -€110 | -24.4% |
| Amounts receivable within one year | 40/41 | €20,979 | €18,720 | -€2,259 | -10.8% |
| Trade receivables | 40 | €18,901 | €18,189 | -€712 | -3.8% |
| Other amounts receivable | 41 | €2,078 | €531 | -€1,547 | -74.5% |
| Current investments | 50/53 | €13,840 | €23,227 | +€9,387 | +67.8% |
| Cash at bank and in hand | 54/58 | €47,360 | €40,990 | -€6,370 | -13.4% |
| Deferred charges and accrued income | 490/1 | €30,303 | €26,535 | -€3,768 | -12.4% |
| Total equity and liabilities | 10/49 | €152,038 | €243,687 | +€91,649 | +60.3% |
| Equity | 10/15 | €126,554 | €121,298 | -€5,256 | -4.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €119,554 | €114,298 | -€5,256 | -4.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €117,554 | €112,298 | -€5,256 | -4.5% |
| Amounts payable | 17/49 | €25,484 | €122,389 | +€96,905 | +380.3% |
| Amounts payable after more than one year | 17 | - | €56,122 | +€56,122 | |
| Financial debts | 170/4 | - | €56,122 | +€56,122 | |
| Amounts payable within one year | 42/48 | €25,484 | €66,267 | +€40,783 | +160.0% |
| Current portion of amounts payable after more than one year | 42 | €6,554 | €14,231 | +€7,677 | +117.1% |
| Financial debts | 43 | €88 | €0 | -€87 | -99.6% |
| Credit institutions | 430/8 | €88 | €0 | -€87 | -99.6% |
| Trade debts | 44 | €4,192 | €19,079 | +€14,887 | +355.1% |
| Suppliers | 440/4 | €4,192 | €19,079 | +€14,887 | +355.1% |
| Taxes, remuneration and social security | 45 | €10,070 | €2,741 | -€7,329 | -72.8% |
| Taxes | 450/3 | €10,028 | €2,741 | -€7,287 | -72.7% |
| Remuneration and social security | 454/9 | €42 | - | -€42 | |
| Other amounts payable | 47/48 | €4,580 | €30,215 | +€25,635 | +559.7% |
| Non-recurring operating income | 76A | €6,000 | €33,015 | +€27,015 | +450.2% |
| Remuneration, social security and pensions | 62 | €5,473 | - | -€5,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,299 | €10,951 | -€4,348 | -28.4% |
| Other operating charges | 640/8 | €778 | €759 | -€19 | -2.4% |
| Gross operating margin | 9900 | €59,622 | €66,478 | +€6,856 | +11.5% |
| Operating profit (loss) | 9901 | €38,071 | €54,767 | +€16,696 | +43.9% |
| Financial income | 75/76B | €0 | €3,918 | +€3,918 | +39184800.0% |
| Recurring financial income | 75 | €0 | €3,918 | +€3,918 | +39184800.0% |
| Financial charges | 65/66B | €844 | €3,370 | +€2,526 | +299.4% |
| Recurring financial charges | 65 | €844 | €3,370 | +€2,526 | +299.4% |
| Profit (loss) for the period before taxes | 9903 | €37,228 | €55,316 | +€18,088 | +48.6% |
| Income taxes | 67/77 | €12,858 | €14,472 | +€1,614 | +12.6% |
| Profit (loss) for the period | 9904 | €24,370 | €40,844 | +€16,475 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,370 | €40,844 | +€16,475 | +67.6% |
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 2 October 2026 via checked.be.