ENGIMA BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year +€58,372
up €58,372 (+22.9%), from €254,562 to €312,934
of which Trade receivables: +€57,721
- Tangible fixed assets +€32,320
up €32,320 (+10,092%), from €320 to €32,640
of which Furniture and vehicles: +€32,147
- Deferred charges and accrued income +€26,534
up €26,534 (+60.5%), from €43,835 to €70,370
- Trade debts -€149,441
down €149,441 (-52.5%), from €284,836 to €135,394
- Profit (loss) carried forward +€144,050
up €144,050 (+392%), from €36,703 to €180,753
- Accrued charges and deferred income +€66,234
up €66,234 (+776%), from €8,534 to €74,768
- Tax, wage and social debts +€58,498
up €58,498 (+769%), from €7,607 to €66,105
of which Taxes: +€50,446
- Gross operating margin +€174,846
up €174,846 (+161%), from €108,705 to €283,551
- Staff costs +€53,722
up €53,722 (+203%), from €26,528 to €80,250
- Taxes +€39,476
up €39,476 (+360%), from €10,970 to €50,446
- Other operating charges -€32,036
down €32,036 (-97.5%), from €32,865 to €829
- Depreciation +€3,231
up €3,231 (+2,421%), from €133 to €3,365
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.
Derived cash bridge
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 | €346,987 | €468,727 | +€121,740 | +35.1% |
| Fixed assets | 21/28 | €320 | €33,509 | +€33,189 | +10,363% |
| Tangible fixed assets | 22/27 | €320 | €32,640 | +€32,320 | +10,092% |
| Plant, machinery and equipment | 23 | €320 | €493 | +€173 | +54.0% |
| Furniture and vehicles | 24 | - | €32,147 | +€32,147 | |
| Financial fixed assets | 28 | - | €869 | +€869 | |
| Current assets | 29/58 | €346,667 | €435,218 | +€88,552 | +25.5% |
| Amounts receivable within one year | 40/41 | €254,562 | €312,934 | +€58,372 | +22.9% |
| Trade receivables | 40 | €252,557 | €310,277 | +€57,721 | +22.9% |
| Other amounts receivable | 41 | €2,005 | €2,657 | +€651 | +32.5% |
| Cash at bank and in hand | 54/58 | €48,269 | €51,914 | +€3,645 | +7.6% |
| Deferred charges and accrued income | 490/1 | €43,835 | €70,370 | +€26,534 | +60.5% |
| Total equity and liabilities | 10/49 | €346,987 | €468,727 | +€121,740 | +35.1% |
| Equity | 10/15 | €41,703 | €185,753 | +€144,050 | +345% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,703 | €180,753 | +€144,050 | +392% |
| Amounts payable | 17/49 | €305,284 | €282,974 | -€22,310 | -7.3% |
| Amounts payable within one year | 42/48 | €296,749 | €208,205 | -€88,544 | -29.8% |
| Trade debts | 44 | €284,836 | €135,394 | -€149,441 | -52.5% |
| Suppliers | 440/4 | €284,836 | €135,394 | -€149,441 | -52.5% |
| Taxes, remuneration and social security | 45 | €7,607 | €66,105 | +€58,498 | +769% |
| Taxes | 450/3 | €4,720 | €55,166 | +€50,446 | +1,069% |
| Remuneration and social security | 454/9 | €2,887 | €10,939 | +€8,052 | +279% |
| Other amounts payable | 47/48 | €4,306 | €6,705 | +€2,399 | +55.7% |
| Accrued charges and deferred income | 492/3 | €8,534 | €74,768 | +€66,234 | +776% |
| Remuneration, social security and pensions | 62 | €26,528 | €80,250 | +€53,722 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133 | €3,365 | +€3,231 | +2,421% |
| Other operating charges | 640/8 | €32,865 | €829 | -€32,036 | -97.5% |
| Gross operating margin | 9900 | €108,705 | €283,551 | +€174,846 | +161% |
| Operating profit (loss) | 9901 | €49,179 | €199,107 | +€149,928 | +305% |
| Financial income | 75/76B | €8 | €22 | +€14 | +169% |
| Recurring financial income | 75 | €8 | €22 | +€14 | +169% |
| Financial charges | 65/66B | €1,514 | €4,633 | +€3,119 | +206% |
| Recurring financial charges | 65 | €1,514 | €4,633 | +€3,119 | +206% |
| Profit (loss) for the period before taxes | 9903 | €47,673 | €194,497 | +€146,824 | +308% |
| Income taxes | 67/77 | €10,970 | €50,446 | +€39,476 | +360% |
| Profit (loss) for the period | 9904 | €36,703 | €144,050 | +€107,347 | +292% |
| Profit (loss) for the period to be appropriated | 9905 | €36,703 | €144,050 | +€107,347 | +292% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.