Engima: 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.
Engima
Largest movements
- Cash +€100,252
up €100,252 (+279.1%), from €35,922 to €136,174
mainly Trade debts (+€36,146) and Tax, wage and social debts (+€34,277)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€9,426
up €9,426 (+10.7%), from €88,463 to €97,888
of which Other amounts receivable: +€4,791
- Deferred charges and accrued income +€8,189
up €8,189 (+140.5%), from €5,829 to €14,019
- Tangible fixed assets +€4,225
up €4,225 (+62.5%), from €6,760 to €10,985
of which Furniture and vehicles: +€2,514
- Trade debts +€36,146
up €36,146 (+57.0%), from €63,391 to €99,537
- Tax, wage and social debts +€34,277
up €34,277 (+221.0%), from €15,512 to €49,789
of which Taxes: +€26,847
- Reserves +€20,259
up €20,259 (+32.3%), from €62,669 to €82,928
- Gross operating margin +€51,740
up €51,740 (+54.1%), from €95,692 to €147,432
- Staff costs +€42,132
up €42,132 (+62.4%), from €67,558 to €109,690
- Taxes +€2,588
up €2,588 (+40.3%), from €6,419 to €9,007
- Depreciation +€1,628
up €1,628 (+34.7%), from €4,695 to €6,323
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 | €182,194 | €273,745 | +€91,550 | +50.2% |
| Fixed assets | 21/28 | €10,406 | €16,006 | +€5,600 | +53.8% |
| Intangible fixed assets | 21 | €3,646 | €5,021 | +€1,375 | +37.7% |
| Tangible fixed assets | 22/27 | €6,760 | €10,985 | +€4,225 | +62.5% |
| Plant, machinery and equipment | 23 | €4,857 | €6,762 | +€1,906 | +39.2% |
| Furniture and vehicles | 24 | - | €2,514 | +€2,514 | |
| Other tangible fixed assets | 26 | €1,904 | €1,709 | -€195 | -10.2% |
| Current assets | 29/58 | €171,788 | €257,739 | +€85,951 | +50.0% |
| Stocks and contracts in progress | 3 | €11,574 | €9,658 | -€1,916 | -16.6% |
| Stocks | 30/36 | €11,574 | €9,658 | -€1,916 | -16.6% |
| Amounts receivable within one year | 40/41 | €88,463 | €97,888 | +€9,426 | +10.7% |
| Trade receivables | 40 | €88,410 | €93,045 | +€4,635 | +5.2% |
| Other amounts receivable | 41 | €53 | €4,843 | +€4,791 | +9068.0% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €35,922 | €136,174 | +€100,252 | +279.1% |
| Deferred charges and accrued income | 490/1 | €5,829 | €14,019 | +€8,189 | +140.5% |
| Total equity and liabilities | 10/49 | €182,194 | €273,745 | +€91,550 | +50.2% |
| Equity | 10/15 | €72,669 | €92,928 | +€20,259 | +27.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €62,669 | €82,928 | +€20,259 | +32.3% |
| Distributable reserves | 133 | €62,669 | €82,928 | +€20,259 | +32.3% |
| Amounts payable | 17/49 | €109,525 | €180,816 | +€71,291 | +65.1% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,525 | €150,816 | +€71,291 | +89.6% |
| Financial debts | 43 | €564 | €1,450 | +€886 | +157.2% |
| Credit institutions | 430/8 | €564 | €1,450 | +€886 | +157.2% |
| Trade debts | 44 | €63,391 | €99,537 | +€36,146 | +57.0% |
| Suppliers | 440/4 | €63,391 | €99,537 | +€36,146 | +57.0% |
| Taxes, remuneration and social security | 45 | €15,512 | €49,789 | +€34,277 | +221.0% |
| Taxes | 450/3 | €2,996 | €29,843 | +€26,847 | +896.1% |
| Remuneration and social security | 454/9 | €12,516 | €19,946 | +€7,430 | +59.4% |
| Other amounts payable | 47/48 | €58 | €41 | -€18 | -30.0% |
| Remuneration, social security and pensions | 62 | €67,558 | €109,690 | +€42,132 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,695 | €6,323 | +€1,628 | +34.7% |
| Other operating charges | 640/8 | €341 | €487 | +€146 | +42.9% |
| Gross operating margin | 9900 | €95,692 | €147,432 | +€51,740 | +54.1% |
| Operating profit (loss) | 9901 | €23,098 | €30,933 | +€7,834 | +33.9% |
| Financial income | 75/76B | €62 | €272 | +€210 | +337.3% |
| Recurring financial income | 75 | €62 | €272 | +€210 | +337.3% |
| Financial charges | 65/66B | €1,858 | €1,939 | +€81 | +4.3% |
| Recurring financial charges | 65 | €1,858 | €1,939 | +€81 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €21,302 | €29,266 | +€7,963 | +37.4% |
| Income taxes | 67/77 | €6,419 | €9,007 | +€2,588 | +40.3% |
| Profit (loss) for the period | 9904 | €14,884 | €20,259 | +€5,375 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,884 | €20,259 | +€5,375 | +36.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.