ENGINE31: 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.
ENGINE31
Largest movements
- Receivables within one year +€160,966
up €160,966 (+399.5%), from €40,291 to €201,257
of which Trade receivables: +€89,052
- Cash -€109,656
down €109,656 (-62.8%), from €174,630 to €64,974
mainly Receivables within one year (-€160,966) and Contributions, distributions and other (-€75,069)
- Other debts +€71,315
new in 2025: €71,315
- Reserves -€33,630
down €33,630 (-12.2%), from €276,226 to €242,596
of which Distributable reserves: -€31,770
- Tax, wage and social debts +€13,341
up €13,341 (+362.5%), from €3,680 to €17,021
- Gross operating margin +€16,539
up €16,539 (+18.9%), from €87,454 to €103,993
- Depreciation -€11,814
down €11,814 (-71.9%), from €16,426 to €4,612
- Taxes -€3,382
down €3,382 (-16.6%), from €20,392 to €17,010
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 | €305,622 | €355,922 | +€50,299 | +16.5% |
| Fixed assets | 21/28 | €15,181 | €14,103 | -€1,078 | -7.1% |
| Tangible fixed assets | 22/27 | €15,181 | €14,103 | -€1,078 | -7.1% |
| Plant, machinery and equipment | 23 | €570 | €278 | -€292 | -51.2% |
| Furniture and vehicles | 24 | €12,972 | €12,828 | -€144 | -1.1% |
| Other tangible fixed assets | 26 | €1,640 | €997 | -€643 | -39.2% |
| Current assets | 29/58 | €290,441 | €341,819 | +€51,377 | +17.7% |
| Amounts receivable after more than one year | 29 | €72,200 | €72,200 | = | 0.0% |
| Trade receivables | 290 | €72,200 | €0 | -€72,200 | -100.0% |
| Other amounts receivable | 291 | - | €72,200 | +€72,200 | |
| Amounts receivable within one year | 40/41 | €40,291 | €201,257 | +€160,966 | +399.5% |
| Trade receivables | 40 | €37,359 | €126,410 | +€89,052 | +238.4% |
| Other amounts receivable | 41 | €2,932 | €74,847 | +€71,915 | +2452.8% |
| Cash at bank and in hand | 54/58 | €174,630 | €64,974 | -€109,656 | -62.8% |
| Deferred charges and accrued income | 490/1 | €3,321 | €3,388 | +€67 | +2.0% |
| Total equity and liabilities | 10/49 | €305,622 | €355,922 | +€50,299 | +16.5% |
| Equity | 10/15 | €291,226 | €257,596 | -€33,630 | -11.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €276,226 | €242,596 | -€33,630 | -12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €274,366 | €242,596 | -€31,770 | -11.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,397 | €98,325 | +€83,929 | +583.0% |
| Amounts payable within one year | 42/48 | €14,397 | €98,199 | +€83,802 | +582.1% |
| Financial debts | 43 | €287 | €0 | -€287 | -100.0% |
| Credit institutions | 430/8 | €287 | €0 | -€287 | -100.0% |
| Trade debts | 44 | €10,429 | €9,862 | -€567 | -5.4% |
| Suppliers | 440/4 | €10,429 | €9,862 | -€567 | -5.4% |
| Taxes, remuneration and social security | 45 | €3,680 | €17,021 | +€13,341 | +362.5% |
| Taxes | 450/3 | €3,680 | €17,021 | +€13,341 | +362.5% |
| Other amounts payable | 47/48 | - | €71,315 | +€71,315 | |
| Accrued charges and deferred income | 492/3 | - | €127 | +€127 | |
| Non-recurring operating income | 76A | - | €5,658 | +€5,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,426 | €4,612 | -€11,814 | -71.9% |
| Other operating charges | 640/8 | €375 | €729 | +€353 | +94.2% |
| Non-recurring operating charges | 66A | - | €41,902 | +€41,902 | |
| Gross operating margin | 9900 | €87,454 | €103,993 | +€16,539 | +18.9% |
| Operating profit (loss) | 9901 | €70,653 | €56,751 | -€13,902 | -19.7% |
| Financial income | 75/76B | €1,273 | €1,830 | +€557 | +43.7% |
| Recurring financial income | 75 | €1,273 | €1,830 | +€557 | +43.7% |
| Financial charges | 65/66B | €91 | €132 | +€41 | +45.4% |
| Recurring financial charges | 65 | €91 | €132 | +€41 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €71,835 | €58,449 | -€13,386 | -18.6% |
| Income taxes | 67/77 | €20,392 | €17,010 | -€3,382 | -16.6% |
| Profit (loss) for the period | 9904 | €51,443 | €41,439 | -€10,004 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,443 | €41,439 | -€10,004 | -19.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.