ENGINUITY: 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.
ENGINUITY
Largest movements
- Tangible fixed assets +€27,371
up €27,371 (+351%), from €7,787 to €35,158
of which Other tangible fixed assets: +€25,950
- Cash +€27,207
up €27,207 (+85.2%), from €31,918 to €59,126
mainly Net result for the year (+€36,846) and Trade debts (+€20,697)
- Receivables within one year +€19,632
up €19,632 (+59.9%), from €32,761 to €52,392
- Reserves +€36,846
up €36,846 (+76.8%), from €48,000 to €84,846
of which Distributable reserves: +€36,846
- Trade debts +€20,697
up €20,697 (+38,350%), from €54 to €20,751
- Tax, wage and social debts +€18,667
up €18,667 (+93.7%), from €19,913 to €38,580
- Other debts -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€6,192
down €6,192 (-10.3%), from €60,400 to €54,208
- Taxes +€4,882
up €4,882 (+39.4%), from €12,400 to €17,283
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 | €72,467 | €146,677 | +€74,210 | +102% |
| Fixed assets | 21/28 | €7,787 | €35,158 | +€27,371 | +351% |
| Tangible fixed assets | 22/27 | €7,787 | €35,158 | +€27,371 | +351% |
| Plant, machinery and equipment | 23 | €5,372 | €6,793 | +€1,421 | +26.5% |
| Other tangible fixed assets | 26 | €2,415 | €28,365 | +€25,950 | +1,074% |
| Current assets | 29/58 | €64,679 | €111,518 | +€46,839 | +72.4% |
| Amounts receivable within one year | 40/41 | €32,761 | €52,392 | +€19,632 | +59.9% |
| Trade receivables | 40 | €32,761 | €52,392 | +€19,632 | +59.9% |
| Cash at bank and in hand | 54/58 | €31,918 | €59,126 | +€27,207 | +85.2% |
| Total equity and liabilities | 10/49 | €72,467 | €146,677 | +€74,210 | +102% |
| Equity | 10/15 | €50,500 | €87,346 | +€36,846 | +73.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | - | -€2,500 | |
| Issued capital | 100 | €2,500 | - | -€2,500 | |
| Reserves | 13 | €48,000 | €84,846 | +€36,846 | +76.8% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | - | -€250 | |
| Reserves not available under the articles | 1311 | - | €250 | +€250 | |
| Distributable reserves | 133 | €47,750 | €84,596 | +€36,846 | +77.2% |
| Amounts payable | 17/49 | €21,967 | €59,331 | +€37,364 | +170% |
| Amounts payable within one year | 42/48 | €21,967 | €59,331 | +€37,364 | +170% |
| Trade debts | 44 | €54 | €20,751 | +€20,697 | +38,350% |
| Suppliers | 440/4 | €54 | €20,751 | +€20,697 | +38,350% |
| Taxes, remuneration and social security | 45 | €19,913 | €38,580 | +€18,667 | +93.7% |
| Taxes | 450/3 | €19,913 | €38,580 | +€18,667 | +93.7% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | - | €80 | +€80 | |
| Gross operating margin | 9900 | €60,400 | €54,208 | -€6,192 | -10.3% |
| Operating profit (loss) | 9901 | €60,400 | €54,128 | -€6,272 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €60,400 | €54,128 | -€6,272 | -10.4% |
| Income taxes | 67/77 | €12,400 | €17,283 | +€4,882 | +39.4% |
| Profit (loss) for the period | 9904 | €48,000 | €36,846 | -€11,154 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,000 | €36,846 | -€11,154 | -23.2% |
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 15 October 2026 via checked.be.