ENGINEX: 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.
ENGINEX
Largest movements
- Cash +€109,698
up €109,698 (+265.7%), from €41,279 to €150,977
mainly Net result for the year (+€87,848) and Receivables within one year (+€81,000)
- Receivables within one year -€81,000
down €81,000 (-24.9%), from €325,148 to €244,147
of which Trade receivables: -€80,404
- Tangible fixed assets +€16,306
up €16,306 (+3.5%), from €470,881 to €487,188
of which Land and buildings: +€14,961
- Reserves +€87,848
up €87,848 (+12.6%), from €697,917 to €785,764
- Debts after one year -€22,089
down €22,089 (-63.8%), from €34,622 to €12,533
- Current portion of long-term debt -€12,758
down €12,758 (-36.6%), from €34,846 to €22,089
- Short-term financial debts -€10,235
no longer reported in 2025 (was €10,235)
- Gross operating margin +€6,504
up €6,504 (+4.8%), from €135,385 to €141,889
- Taxes +€3,801
up €3,801 (+14.3%), from €26,574 to €30,375
- Financial charges -€3,332
down €3,332 (-33.1%), from €10,080 to €6,748
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 | €841,084 | €883,690 | +€42,607 | +5.1% |
| Fixed assets | 21/28 | €471,381 | €487,688 | +€16,306 | +3.5% |
| Tangible fixed assets | 22/27 | €470,881 | €487,188 | +€16,306 | +3.5% |
| Land and buildings | 22 | €464,976 | €479,937 | +€14,961 | +3.2% |
| Plant, machinery and equipment | 23 | - | €5,075 | +€5,075 | |
| Furniture and vehicles | 24 | - | €2,176 | +€2,176 | |
| Leasing and similar rights | 25 | €5,906 | - | -€5,906 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €369,702 | €396,003 | +€26,301 | +7.1% |
| Amounts receivable within one year | 40/41 | €325,148 | €244,147 | -€81,000 | -24.9% |
| Trade receivables | 40 | €108,288 | €27,884 | -€80,404 | -74.3% |
| Other amounts receivable | 41 | €216,860 | €216,263 | -€596 | -0.3% |
| Cash at bank and in hand | 54/58 | €41,279 | €150,977 | +€109,698 | +265.7% |
| Deferred charges and accrued income | 490/1 | €3,275 | €878 | -€2,397 | -73.2% |
| Total equity and liabilities | 10/49 | €841,084 | €883,690 | +€42,607 | +5.1% |
| Equity | 10/15 | €704,117 | €791,964 | +€87,848 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €697,917 | €785,764 | +€87,848 | +12.6% |
| Distributable reserves | 133 | €697,917 | €785,764 | +€87,848 | +12.6% |
| Amounts payable | 17/49 | €136,967 | €91,726 | -€45,241 | -33.0% |
| Amounts payable after more than one year | 17 | €34,622 | €12,533 | -€22,089 | -63.8% |
| Financial debts | 170/4 | €34,622 | €12,533 | -€22,089 | -63.8% |
| Amounts payable within one year | 42/48 | €102,245 | €79,192 | -€23,052 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €34,846 | €22,089 | -€12,758 | -36.6% |
| Financial debts | 43 | €10,235 | - | -€10,235 | |
| Credit institutions | 430/8 | €10,235 | - | -€10,235 | |
| Trade debts | 44 | €13,645 | €10,794 | -€2,851 | -20.9% |
| Suppliers | 440/4 | €13,645 | €10,794 | -€2,851 | -20.9% |
| Taxes, remuneration and social security | 45 | €5,599 | €12,471 | +€6,871 | +122.7% |
| Taxes | 450/3 | €5,599 | €12,471 | +€6,871 | +122.7% |
| Other amounts payable | 47/48 | €37,920 | €33,839 | -€4,080 | -10.8% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Non-recurring operating income | 76A | €13,575 | - | -€13,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,154 | €15,409 | +€255 | +1.7% |
| Other operating charges | 640/8 | €810 | €1,700 | +€890 | +109.8% |
| Gross operating margin | 9900 | €135,385 | €141,889 | +€6,504 | +4.8% |
| Operating profit (loss) | 9901 | €119,421 | €124,781 | +€5,360 | +4.5% |
| Financial income | 75/76B | €0 | €190 | +€190 | +211255.6% |
| Recurring financial income | 75 | €0 | €190 | +€190 | +211255.6% |
| Financial charges | 65/66B | €10,080 | €6,748 | -€3,332 | -33.1% |
| Recurring financial charges | 65 | €10,080 | €6,748 | -€3,332 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €109,341 | €118,223 | +€8,882 | +8.1% |
| Income taxes | 67/77 | €26,574 | €30,375 | +€3,801 | +14.3% |
| Profit (loss) for the period | 9904 | €82,766 | €87,848 | +€5,081 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,766 | €87,848 | +€5,081 | +6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.