ENGICON: 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.
What changed
ENGICON
NACE 25.220, Manufacture of fabricated metal products, except machinery and equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12.5m
2024 · €167,196-€12.6m
Equity
€16.2m
2024 · €28.7m-€12.5m
Cash
€9.2m
2024 · €9.0m+€219,363
Balance sheet total
€47.4m
2024 · €63.9m-€16.4m
Largest movements
Assets
- Stocks and contracts -€9.9m
down €9.9m (-56.9%), from €17.5m to €7.5m
of which Contracts in progress: -€9.2m
- Receivables within one year -€6.7m
down €6.7m (-30.7%), from €21.9m to €15.2m
of which Trade receivables: -€5.8m
Equity and liabilities
- Profit (loss) carried forward -€12.5m
down €12.5m, from €2.1m to -€10.3m
- Trade debts -€3.6m
down €3.6m (-24.8%), from €14.5m to €10.9m
- Advances received -€2.8m
down €2.8m (-19.5%), from €14.5m to €11.7m
- Short-term financial debts +€1.3m
new in 2025: €1.3m
of which Credit institutions: +€929,842
- Debts after one year +€1.1m
up €1.1m (+107.4%), from €992,138 to €2.1m
Income statement
- Goods and materials -€4.0m
down €4.0m (-19.8%), from €20.3m to €16.3m
of which Purchases: -€4.9m
- Staff costs +€2.3m
up €2.3m (+12.2%), from €18.6m to €20.8m
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.
Result 2024
€167,196
Turnover
-€159,160
Other operating income
+€74,599
Goods and materials
+€4.0m
Services and other goods
+€26,981
Staff costs
-€2.3m
Depreciation
-€432,508
Write-downs
-€142,184
Other operating charges
+€229,433
Other operating items
-€14.8m
Financial income
+€332,706
Financial charges
+€264,422
Taxes
+€205,053
Result 2025
-€12.5m
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.
From operations
-€167,644
Investment
-€2.1m
Financing
+€2.5m
Cash 2024
€9.0m
From operations (derived)
-€167,644
Net result for the year
-€12.5m
Depreciation
+€2.1m
Stocks and contracts
+€9.9m
Receivables within one year
+€6.7m
Smaller working-capital items
-€22,641
Trade debts
-€3.6m
Tax, wage and social debts
-€43,125
Advances received
-€2.8m
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Current investments
+€495
Financing
+€2.5m
Debts after one year
+€1.1m
Current portion of long-term debt
+€100,804
Short-term financial debts
+€1.3m
Cash 2025
€9.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,854,976 | €47,420,245 | -€16.4m | -25.7% |
| Fixed assets | 21/28 | €15,241,323 | €15,257,053 | +€15,730 | +0.1% |
| Intangible fixed assets | 21 | €1,945,833 | €1,794,959 | -€150,874 | -7.8% |
| Tangible fixed assets | 22/27 | €12,795,637 | €13,277,241 | +€481,604 | +3.8% |
| Land and buildings | 22 | €7,483,603 | €7,394,211 | -€89,393 | -1.2% |
| Plant, machinery and equipment | 23 | €4,518,973 | €5,290,333 | +€771,360 | +17.1% |
| Furniture and vehicles | 24 | €549,606 | €416,128 | -€133,478 | -24.3% |
| Leasing and similar rights | 25 | €243,455 | €176,569 | -€66,886 | -27.5% |
| Financial fixed assets | 28 | €499,853 | €184,853 | -€315,000 | -63.0% |
| Affiliated companies | 280/1 | €448,833 | €168,833 | -€280,000 | -62.4% |
| Participating interests | 280 | €148,833 | €148,833 | = | 0.0% |
| Amounts receivable | 281 | €300,000 | €20,000 | -€280,000 | -93.3% |
| Companies linked by participating interests | 282/3 | €50,000 | €15,000 | -€35,000 | -70.0% |
| Participating interests | 282 | €50,000 | €15,000 | -€35,000 | -70.0% |
| Other financial fixed assets | 284/8 | €1,020 | €1,020 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,020 | €1,020 | = | 0.0% |
| Current assets | 29/58 | €48,613,653 | €32,163,191 | -€16.5m | -33.8% |
| Stocks and contracts in progress | 3 | €17,479,307 | €7,532,159 | -€9.9m | -56.9% |
| Stocks | 30/36 | €3,707,307 | €2,966,159 | -€741,147 | -20.0% |
| Raw materials and consumables | 30/31 | €3,098,055 | €2,687,107 | -€410,948 | -13.3% |
| Advance payments | 36 | €609,252 | €279,053 | -€330,199 | -54.2% |
| Contracts in progress | 37 | €13,772,000 | €4,566,000 | -€9.2m | -66.8% |
| Amounts receivable within one year | 40/41 | €21,881,133 | €15,154,296 | -€6.7m | -30.7% |
| Trade receivables | 40 | €19,851,650 | €14,010,590 | -€5.8m | -29.4% |
| Other amounts receivable | 41 | €2,029,483 | €1,143,705 | -€885,777 | -43.6% |
| Current investments | 50/53 | €890 | €395 | -€495 | -55.7% |
| Other investments | 51/53 | €890 | €395 | -€495 | -55.7% |
| Cash at bank and in hand | 54/58 | €8,993,877 | €9,213,240 | +€219,363 | +2.4% |
| Deferred charges and accrued income | 490/1 | €258,446 | €263,102 | +€4,656 | +1.8% |
| Total equity and liabilities | 10/49 | €63,854,976 | €47,420,245 | -€16.4m | -25.7% |
| Equity | 10/15 | €28,652,796 | €16,199,323 | -€12.5m | -43.5% |
| Contributions | 10/11 | €24,102,967 | €24,102,967 | = | 0.0% |
| Capital | 10 | €24,102,967 | €24,102,967 | = | 0.0% |
| Issued capital | 100 | €24,102,967 | €24,102,967 | = | 0.0% |
| Revaluation surpluses | 12 | €1,140,575 | €1,140,575 | = | 0.0% |
| Reserves | 13 | €1,272,243 | €1,272,243 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,202,875 | €1,202,875 | = | 0.0% |
| Legal reserve | 130 | €1,202,875 | €1,202,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,369 | €69,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,137,011 | -€10,316,462 | -€12.5m | |
| Amounts payable | 17/49 | €35,202,180 | €31,220,921 | -€4.0m | -11.3% |
| Amounts payable after more than one year | 17 | €992,138 | €2,057,375 | +€1.1m | +107.4% |
| Financial debts | 170/4 | €992,138 | €2,057,375 | +€1.1m | +107.4% |
| Leasing and similar obligations | 172 | €182,115 | €116,840 | -€65,275 | -35.8% |
| Credit institutions | 173 | €810,022 | €1,940,535 | +€1.1m | +139.6% |
| Amounts payable within one year | 42/48 | €33,993,053 | €28,964,570 | -€5.0m | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €658,961 | €759,765 | +€100,804 | +15.3% |
| Financial debts | 43 | - | €1,329,842 | +€1.3m | |
| Credit institutions | 430/8 | - | €929,842 | +€929,842 | |
| Other loans | 439 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €14,478,177 | €10,890,145 | -€3.6m | -24.8% |
| Suppliers | 440/4 | €14,478,177 | €10,890,145 | -€3.6m | -24.8% |
| Advances received on contracts in progress | 46 | €14,483,000 | €11,655,000 | -€2.8m | -19.5% |
| Taxes, remuneration and social security | 45 | €4,372,914 | €4,329,789 | -€43,125 | -1.0% |
| Taxes | 450/3 | €539,838 | €385,001 | -€154,837 | -28.7% |
| Remuneration and social security | 454/9 | €3,833,076 | €3,944,788 | +€111,712 | +2.9% |
| Other amounts payable | 47/48 | €1 | €29 | +€28 | +2603.7% |
| Accrued charges and deferred income | 492/3 | €216,989 | €198,976 | -€18,014 | -8.3% |
| Operating income | 70/76A | €113,090,454 | €98,231,266 | -€14.9m | -13.1% |
| Turnover | 70 | €106,087,693 | €105,928,533 | -€159,160 | -0.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €5,376,000 | -€9,206,000 | -€14.6m | |
| Other operating income | 74 | €1,432,333 | €1,506,933 | +€74,599 | +5.2% |
| Non-recurring operating income | 76A | €194,428 | €1,800 | -€192,628 | -99.1% |
| Operating charges | 60/66A | €112,290,049 | €110,853,710 | -€1.4m | -1.3% |
| Goods for resale, raw materials and consumables | 60 | €20,338,724 | €16,320,131 | -€4.0m | -19.8% |
| Purchases | 600/8 | €20,855,254 | €15,909,183 | -€4.9m | -23.7% |
| Change in stocks: decrease (increase) | 609 | -€516,531 | €410,948 | +€927,479 | |
| Services and other goods | 61 | €71,123,354 | €71,096,373 | -€26,981 | 0.0% |
| Remuneration, social security and pensions | 62 | €18,559,643 | €20,820,581 | +€2.3m | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,661,134 | €2,093,642 | +€432,508 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€142,184 | - | +€142,184 | |
| Other operating charges | 640/8 | €749,378 | €519,946 | -€229,433 | -30.6% |
| Non-recurring operating charges | 66A | - | €3,037 | +€3,037 | |
| Operating profit (loss) | 9901 | €800,405 | -€12,622,445 | -€13.4m | |
| Financial income | 75/76B | €483,829 | €816,535 | +€332,706 | +68.8% |
| Recurring financial income | 75 | €353,712 | €101,535 | -€252,177 | -71.3% |
| Income from financial fixed assets | 750 | €214,807 | €65,283 | -€149,523 | -69.6% |
| Income from current assets | 751 | €62,463 | - | -€62,463 | |
| Other financial income | 752/9 | €76,442 | €36,252 | -€40,191 | -52.6% |
| Non-recurring financial income | 76B | €130,116 | €715,000 | +€584,884 | +449.5% |
| Financial charges | 65/66B | €878,334 | €613,912 | -€264,422 | -30.1% |
| Recurring financial charges | 65 | €582,211 | €613,912 | +€31,701 | +5.4% |
| Debt charges | 650 | €150,848 | €269,643 | +€118,795 | +78.8% |
| Other financial charges | 652/9 | €431,363 | €344,269 | -€87,094 | -20.2% |
| Non-recurring financial charges | 66B | €296,123 | - | -€296,123 | |
| Profit (loss) for the period before taxes | 9903 | €405,900 | -€12,419,822 | -€12.8m | |
| Income taxes | 67/77 | €238,704 | €33,651 | -€205,053 | -85.9% |
| Taxes | 670/3 | €243,743 | €268,978 | +€25,234 | +10.4% |
| Tax adjustments and reversals of tax provisions | 77 | €5,039 | €235,327 | +€230,288 | +4569.8% |
| Profit (loss) for the period | 9904 | €167,196 | -€12,453,473 | -€12.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €167,196 | -€12,453,473 | -€12.6m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.