ENGINSO: what changed
ENGINSO
Largest movements
- Cash -€18,329
down €18,329 (-21.4%), from €85,474 to €67,146
mainly Investment in fixed assets (net) (-€32,690) and Other debts (-€24,902)
- Tangible fixed assets +€17,343
up €17,343 (+16.1%), from €107,708 to €125,051
of which Land and buildings: +€27,460
- Stocks and contracts +€5,100
up €5,100 (+340%), from €1,500 to €6,600
- Other debts -€24,902
down €24,902 (-16.2%), from €153,511 to €128,610
- Trade debts +€21,103
up €21,103 (+115%), from €18,397 to €39,499
- Reserves +€11,752
up €11,752 (+62.5%), from €18,789 to €30,541
- Tax, wage and social debts -€4,017
down €4,017 (-46.4%), from €8,651 to €4,634
of which Taxes: -€4,017
- Accrued charges and deferred income +€2,527
up €2,527 (+28.3%), from €8,931 to €11,458
- Gross operating margin -€12,260
down €12,260 (-21.7%), from €56,600 to €44,339
- Depreciation -€7,016
down €7,016 (-31.4%), from €22,363 to €15,347
- Financial charges +€2,290
up €2,290 (+28.2%), from €8,127 to €10,417
- Taxes -€1,945
down €1,945 (-25.9%), from €7,526 to €5,580
- Provisions +€1,220
up €1,220 (+65.3%), from -€1,870 to -€649
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,853 | €233,666 | +€5,813 | +2.6% |
| Fixed assets | 21/28 | €107,708 | €125,051 | +€17,343 | +16.1% |
| Tangible fixed assets | 22/27 | €107,708 | €125,051 | +€17,343 | +16.1% |
| Land and buildings | 22 | €89,800 | €117,260 | +€27,460 | +30.6% |
| Plant, machinery and equipment | 23 | €12,023 | €4,874 | -€7,149 | -59.5% |
| Furniture and vehicles | 24 | €4,327 | €2,917 | -€1,410 | -32.6% |
| Other tangible fixed assets | 26 | €1,558 | - | -€1,558 | |
| Current assets | 29/58 | €120,144 | €108,615 | -€11,530 | -9.6% |
| Stocks and contracts in progress | 3 | €1,500 | €6,600 | +€5,100 | +340% |
| Stocks | 30/36 | €1,500 | €6,600 | +€5,100 | +340% |
| Amounts receivable within one year | 40/41 | €32,620 | €34,783 | +€2,163 | +6.6% |
| Trade receivables | 40 | €16,418 | €29,398 | +€12,980 | +79.1% |
| Other amounts receivable | 41 | €16,202 | €5,385 | -€10,817 | -66.8% |
| Cash at bank and in hand | 54/58 | €85,474 | €67,146 | -€18,329 | -21.4% |
| Deferred charges and accrued income | 490/1 | €550 | €86 | -€463 | -84.3% |
| Total equity and liabilities | 10/49 | €227,853 | €233,666 | +€5,813 | +2.6% |
| Equity | 10/15 | €37,389 | €49,141 | +€11,752 | +31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,789 | €30,541 | +€11,752 | +62.5% |
| Distributable reserves | 133 | €18,789 | €30,541 | +€11,752 | +62.5% |
| Provisions and deferred taxes | 16 | €973 | €324 | -€649 | -66.7% |
| Provisions for liabilities and charges | 160/5 | €973 | €324 | -€649 | -66.7% |
| Other liabilities and charges | 164/5 | €973 | €324 | -€649 | -66.7% |
| Amounts payable | 17/49 | €189,490 | €184,201 | -€5,289 | -2.8% |
| Amounts payable within one year | 42/48 | €180,559 | €172,743 | -€7,816 | -4.3% |
| Trade debts | 44 | €18,397 | €39,499 | +€21,103 | +115% |
| Suppliers | 440/4 | €18,397 | €39,499 | +€21,103 | +115% |
| Taxes, remuneration and social security | 45 | €8,651 | €4,634 | -€4,017 | -46.4% |
| Taxes | 450/3 | €8,651 | €4,634 | -€4,017 | -46.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €153,511 | €128,610 | -€24,902 | -16.2% |
| Accrued charges and deferred income | 492/3 | €8,931 | €11,458 | +€2,527 | +28.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,363 | €15,347 | -€7,016 | -31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €170 | +€170 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,870 | -€649 | +€1,220 | +65.3% |
| Other operating charges | 640/8 | €2,148 | €2,060 | -€88 | -4.1% |
| Non-recurring operating charges | 66A | - | €576 | +€576 | |
| Gross operating margin | 9900 | €56,600 | €44,339 | -€12,260 | -21.7% |
| Operating profit (loss) | 9901 | €33,959 | €26,837 | -€7,122 | -21.0% |
| Financial income | 75/76B | €483 | €912 | +€429 | +88.9% |
| Recurring financial income | 75 | €483 | €912 | +€429 | +88.9% |
| Financial charges | 65/66B | €8,127 | €10,417 | +€2,290 | +28.2% |
| Recurring financial charges | 65 | €8,127 | €10,417 | +€2,290 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €26,315 | €17,332 | -€8,983 | -34.1% |
| Income taxes | 67/77 | €7,526 | €5,580 | -€1,945 | -25.9% |
| Profit (loss) for the period | 9904 | €18,789 | €11,752 | -€7,037 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,789 | €11,752 | -€7,037 | -37.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.