ENGIREX: 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.
ENGIREX
Largest movements
- Cash -€57,170
down €57,170 (-76.3%), from €74,908 to €17,738
mainly Contributions, distributions and other (-€59,266) and Investment in fixed assets (net) (-€49,406)
- Tangible fixed assets +€40,636
up €40,636 (+275.6%), from €14,744 to €55,380
of which Other tangible fixed assets: +€46,525
- Receivables within one year +€14,666
up €14,666 (+90.5%), from €16,209 to €30,874
of which Trade receivables: +€18,149
- Other debts -€19,965
down €19,965 (-23.8%), from €83,770 to €63,804
- Trade debts +€15,671
up €15,671 (+4390.6%), from €357 to €16,027
- Reserves +€12,000
new in 2025: €12,000
- Tax, wage and social debts -€6,701
down €6,701 (-40.1%), from €16,702 to €10,001
of which Taxes: -€6,701
- Profit (loss) carried forward -€5,686
down €5,686 (-100.0%), from €5,686 to €0
- Gross operating margin +€46,258
up €46,258 (+88.1%), from €52,481 to €98,739
- Taxes +€10,422
up €10,422 (+93.7%), from €11,127 to €21,549
- Depreciation +€5,438
up €5,438 (+163.2%), from €3,332 to €8,770
- Financial charges +€1,267
up €1,267 (+129.8%), from €976 to €2,243
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 | €114,024 | €112,339 | -€1,686 | -1.5% |
| Fixed assets | 21/28 | €22,184 | €62,820 | +€40,636 | +183.2% |
| Tangible fixed assets | 22/27 | €14,744 | €55,380 | +€40,636 | +275.6% |
| Plant, machinery and equipment | 23 | €2,677 | €820 | -€1,857 | -69.4% |
| Furniture and vehicles | 24 | €8,566 | €4,534 | -€4,032 | -47.1% |
| Other tangible fixed assets | 26 | €3,501 | €50,026 | +€46,525 | +1329.0% |
| Financial fixed assets | 28 | €7,440 | €7,440 | = | 0.0% |
| Current assets | 29/58 | €91,840 | €49,519 | -€42,321 | -46.1% |
| Amounts receivable within one year | 40/41 | €16,209 | €30,874 | +€14,666 | +90.5% |
| Trade receivables | 40 | €10,765 | €28,915 | +€18,149 | +168.6% |
| Other amounts receivable | 41 | €5,443 | €1,960 | -€3,484 | -64.0% |
| Cash at bank and in hand | 54/58 | €74,908 | €17,738 | -€57,170 | -76.3% |
| Deferred charges and accrued income | 490/1 | €723 | €907 | +€183 | +25.3% |
| Total equity and liabilities | 10/49 | €114,024 | €112,339 | -€1,686 | -1.5% |
| Equity | 10/15 | €8,686 | €15,000 | +€6,314 | +72.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €12,000 | +€12,000 | |
| Distributable reserves | 133 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | €5,686 | €0 | -€5,686 | -100.0% |
| Amounts payable | 17/49 | €105,338 | €97,339 | -€8,000 | -7.6% |
| Amounts payable within one year | 42/48 | €105,329 | €97,268 | -€8,061 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €4,500 | €7,435 | +€2,935 | +65.2% |
| Trade debts | 44 | €357 | €16,027 | +€15,671 | +4390.6% |
| Suppliers | 440/4 | €357 | €16,027 | +€15,671 | +4390.6% |
| Taxes, remuneration and social security | 45 | €16,702 | €10,001 | -€6,701 | -40.1% |
| Taxes | 450/3 | €15,877 | €9,175 | -€6,701 | -42.2% |
| Remuneration and social security | 454/9 | €826 | €826 | = | 0.0% |
| Other amounts payable | 47/48 | €83,770 | €63,804 | -€19,965 | -23.8% |
| Accrued charges and deferred income | 492/3 | €9 | €71 | +€61 | +656.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €8,770 | +€5,438 | +163.2% |
| Other operating charges | 640/8 | €702 | €631 | -€70 | -10.0% |
| Gross operating margin | 9900 | €52,481 | €98,739 | +€46,258 | +88.1% |
| Operating profit (loss) | 9901 | €48,447 | €89,337 | +€40,890 | +84.4% |
| Financial income | 75/76B | €567 | €36 | -€532 | -93.7% |
| Recurring financial income | 75 | €567 | €36 | -€532 | -93.7% |
| Financial charges | 65/66B | €976 | €2,243 | +€1,267 | +129.8% |
| Recurring financial charges | 65 | €976 | €2,243 | +€1,267 | +129.8% |
| Profit (loss) for the period before taxes | 9903 | €48,037 | €87,129 | +€39,092 | +81.4% |
| Income taxes | 67/77 | €11,127 | €21,549 | +€10,422 | +93.7% |
| Profit (loss) for the period | 9904 | €36,911 | €65,580 | +€28,670 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,911 | €65,580 | +€28,670 | +77.7% |
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.