ENGIMAT: 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.
ENGIMAT
Largest movements
- Receivables within one year -€43,464
down €43,464 (-52.9%), from €82,202 to €38,737
of which Trade receivables: -€39,570
- Cash +€15,840
up €15,840 (+24.8%), from €63,839 to €79,679
mainly Depreciation (+€71,684) and Receivables within one year (+€43,464)
- Trade debts -€25,787
down €25,787 (-79.8%), from €32,334 to €6,547
- Accrued charges and deferred income -€4,223
down €4,223 (-73.0%), from €5,787 to €1,564
- Gross operating margin -€15,964
down €15,964 (-15.9%), from €100,332 to €84,368
- Financial charges -€5,550
down €5,550 (-96.6%), from €5,746 to €196
- Taxes -€3,389
down €3,389 (-71.7%), from €4,725 to €1,335
- Other operating charges +€1,858
up €1,858 (+28.1%), from €6,620 to €8,478
- Depreciation -€1,724
down €1,724 (-2.3%), from €73,408 to €71,684
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 | €330,231 | €304,764 | -€25,467 | -7.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €181,611 | €183,462 | +€1,851 | +1.0% |
| Tangible fixed assets | 22/27 | €181,611 | €183,462 | +€1,851 | +1.0% |
| Plant, machinery and equipment | 23 | €344 | €140 | -€204 | -59.3% |
| Furniture and vehicles | 24 | €181,267 | €183,323 | +€2,055 | +1.1% |
| Current assets | 29/58 | €148,620 | €121,301 | -€27,318 | -18.4% |
| Amounts receivable within one year | 40/41 | €82,202 | €38,737 | -€43,464 | -52.9% |
| Trade receivables | 40 | €52,685 | €13,115 | -€39,570 | -75.1% |
| Other amounts receivable | 41 | €29,516 | €25,622 | -€3,894 | -13.2% |
| Cash at bank and in hand | 54/58 | €63,839 | €79,679 | +€15,840 | +24.8% |
| Deferred charges and accrued income | 490/1 | €2,579 | €2,885 | +€306 | +11.9% |
| Total equity and liabilities | 10/49 | €330,231 | €304,764 | -€25,467 | -7.7% |
| Equity | 10/15 | €199,159 | €202,361 | +€3,202 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,360 | €63,360 | = | 0.0% |
| Distributable reserves | 133 | €63,360 | €63,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,599 | €132,801 | +€3,202 | +2.5% |
| Amounts payable | 17/49 | €131,072 | €102,403 | -€28,669 | -21.9% |
| Amounts payable within one year | 42/48 | €125,285 | €100,839 | -€24,446 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €32,334 | €6,547 | -€25,787 | -79.8% |
| Suppliers | 440/4 | €32,334 | €6,547 | -€25,787 | -79.8% |
| Taxes, remuneration and social security | 45 | €47 | €0 | -€47 | -100.0% |
| Taxes | 450/3 | €47 | €0 | -€47 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €92,904 | €94,292 | +€1,388 | +1.5% |
| Accrued charges and deferred income | 492/3 | €5,787 | €1,564 | -€4,223 | -73.0% |
| Non-recurring operating income | 76A | €0 | €20,196 | +€20,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,408 | €71,684 | -€1,724 | -2.3% |
| Other operating charges | 640/8 | €6,620 | €8,478 | +€1,858 | +28.1% |
| Gross operating margin | 9900 | €100,332 | €84,368 | -€15,964 | -15.9% |
| Operating profit (loss) | 9901 | €20,305 | €4,206 | -€16,099 | -79.3% |
| Financial income | 75/76B | €312 | €528 | +€215 | +68.9% |
| Recurring financial income | 75 | €312 | €528 | +€215 | +68.9% |
| Financial charges | 65/66B | €5,746 | €196 | -€5,550 | -96.6% |
| Recurring financial charges | 65 | €5,746 | €196 | -€5,550 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €14,871 | €4,537 | -€10,334 | -69.5% |
| Income taxes | 67/77 | €4,725 | €1,335 | -€3,389 | -71.7% |
| Profit (loss) for the period | 9904 | €10,146 | €3,202 | -€6,944 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,146 | €3,202 | -€6,944 | -68.4% |
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 11 October 2026 via checked.be.