ENGISA CONSULT: 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.
ENGISA CONSULT
Largest movements
- Cash -€744,923
down €744,923 (-93.1%), from €800,392 to €55,469
mainly Current investments (-€551,912) and Contributions, distributions and other (-€320,000)
- Current investments +€551,912
up €551,912 (+2,052%), from €26,902 to €578,814
- Receivables after one year -€100,000
down €100,000 (-21.7%), from €460,000 to €360,000
- Profit (loss) carried forward -€371,222
down €371,222 (-45.8%), from €811,213 to €439,991
- Other debts +€302,000
new in 2025: €302,000
- Debts after one year -€190,000
no longer reported in 2025 (was €190,000)
- Tax, wage and social debts -€30,607
down €30,607 (-38.9%), from €78,607 to €48,000
- Financial income -€744,668
down €744,668 (-96.5%), from €771,789 to €27,121
of which Non-recurring financial income: -€760,000
- Gross operating margin -€311,776
down €311,776, from €243,966 to -€67,810
- Taxes -€76,593
down €76,593 (-99.5%), from €76,991 to €398
- Financial charges -€4,053
down €4,053 (-70.6%), from €5,744 to €1,690
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 | €1,383,643 | €1,090,615 | -€293,028 | -21.2% |
| Fixed assets | 21/28 | €22,561 | €15,509 | -€7,053 | -31.3% |
| Tangible fixed assets | 22/27 | €22,561 | €15,509 | -€7,053 | -31.3% |
| Furniture and vehicles | 24 | €22,561 | €15,509 | -€7,053 | -31.3% |
| Current assets | 29/58 | €1,361,082 | €1,075,106 | -€285,976 | -21.0% |
| Amounts receivable after more than one year | 29 | €460,000 | €360,000 | -€100,000 | -21.7% |
| Other amounts receivable | 291 | €460,000 | €360,000 | -€100,000 | -21.7% |
| Amounts receivable within one year | 40/41 | €72,970 | €77,578 | +€4,609 | +6.3% |
| Trade receivables | 40 | - | €131 | +€131 | |
| Other amounts receivable | 41 | €72,970 | €77,448 | +€4,478 | +6.1% |
| Current investments | 50/53 | €26,902 | €578,814 | +€551,912 | +2,052% |
| Cash at bank and in hand | 54/58 | €800,392 | €55,469 | -€744,923 | -93.1% |
| Deferred charges and accrued income | 490/1 | €818 | €3,245 | +€2,427 | +297% |
| Total equity and liabilities | 10/49 | €1,383,643 | €1,090,615 | -€293,028 | -21.2% |
| Equity | 10/15 | €1,108,661 | €737,440 | -€371,222 | -33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €292,449 | €292,449 | = | 0.0% |
| Distributable reserves | 133 | €292,449 | €292,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | €811,213 | €439,991 | -€371,222 | -45.8% |
| Amounts payable | 17/49 | €274,982 | €353,175 | +€78,193 | +28.4% |
| Amounts payable after more than one year | 17 | €190,000 | - | -€190,000 | |
| Other amounts payable | 178/9 | €190,000 | - | -€190,000 | |
| Amounts payable within one year | 42/48 | €80,992 | €353,175 | +€272,183 | +336% |
| Trade debts | 44 | €2,385 | €3,175 | +€790 | +33.1% |
| Suppliers | 440/4 | €2,385 | €3,175 | +€790 | +33.1% |
| Taxes, remuneration and social security | 45 | €78,607 | €48,000 | -€30,607 | -38.9% |
| Taxes | 450/3 | €78,607 | €48,000 | -€30,607 | -38.9% |
| Other amounts payable | 47/48 | - | €302,000 | +€302,000 | |
| Accrued charges and deferred income | 492/3 | €3,990 | - | -€3,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,248 | €7,053 | +€805 | +12.9% |
| Other operating charges | 640/8 | €1,799 | €1,391 | -€408 | -22.7% |
| Gross operating margin | 9900 | €243,966 | -€67,810 | -€311,776 | |
| Operating profit (loss) | 9901 | €235,920 | -€76,254 | -€312,174 | |
| Financial income | 75/76B | €771,789 | €27,121 | -€744,668 | -96.5% |
| Recurring financial income | 75 | €11,789 | €27,121 | +€15,332 | +130% |
| Non-recurring financial income | 76B | €760,000 | - | -€760,000 | |
| Financial charges | 65/66B | €5,744 | €1,690 | -€4,053 | -70.6% |
| Recurring financial charges | 65 | €5,744 | €1,690 | -€4,053 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €1,001,965 | -€50,824 | -€1.1m | |
| Income taxes | 67/77 | €76,991 | €398 | -€76,593 | -99.5% |
| Profit (loss) for the period | 9904 | €924,974 | -€51,222 | -€976,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €924,974 | -€51,222 | -€976,196 |
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 14 October 2026 via checked.be.