ENGISOL: 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.
ENGISOL
Largest movements
- Receivables within one year +€202,638
up €202,638 (+215.8%), from €93,895 to €296,533
of which Trade receivables: +€201,580
- Stocks and contracts -€35,000
no longer reported in 2025 (was €35,000)
- Cash +€20,146
up €20,146 (+36.8%), from €54,719 to €74,865
mainly Trade debts (+€208,398) and Net result for the year (+€52,027)
- Trade debts +€208,398
up €208,398 (+1014.1%), from €20,551 to €228,949
- Other debts -€47,726
down €47,726 (-82.1%), from €58,125 to €10,399
- Reserves +€41,081
up €41,081 (+49.4%), from €83,180 to €124,261
of which Distributable reserves: +€41,081
- Tax, wage and social debts -€14,859
down €14,859 (-61.1%), from €24,327 to €9,469
- Gross operating margin -€7,594
down €7,594 (-8.8%), from €86,354 to €78,760
- Taxes -€6,708
down €6,708 (-23.9%), from €28,069 to €21,361
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 | €205,723 | €391,677 | +€185,954 | +90.4% |
| Fixed assets | 21/28 | €13,511 | €12,092 | -€1,419 | -10.5% |
| Intangible fixed assets | 21 | €1,719 | €434 | -€1,285 | -74.8% |
| Tangible fixed assets | 22/27 | €11,542 | €11,408 | -€134 | -1.2% |
| Plant, machinery and equipment | 23 | €1,659 | €2,220 | +€561 | +33.8% |
| Furniture and vehicles | 24 | €5,276 | €5,206 | -€70 | -1.3% |
| Other tangible fixed assets | 26 | €4,607 | €3,982 | -€625 | -13.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €192,212 | €379,585 | +€187,373 | +97.5% |
| Stocks and contracts in progress | 3 | €35,000 | - | -€35,000 | |
| Contracts in progress | 37 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €93,895 | €296,533 | +€202,638 | +215.8% |
| Trade receivables | 40 | €82,305 | €283,886 | +€201,580 | +244.9% |
| Other amounts receivable | 41 | €11,589 | €12,647 | +€1,058 | +9.1% |
| Cash at bank and in hand | 54/58 | €54,719 | €74,865 | +€20,146 | +36.8% |
| Deferred charges and accrued income | 490/1 | €8,598 | €8,187 | -€411 | -4.8% |
| Total equity and liabilities | 10/49 | €205,723 | €391,677 | +€185,954 | +90.4% |
| Equity | 10/15 | €101,780 | €142,861 | +€41,081 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,180 | €124,261 | +€41,081 | +49.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,320 | €122,401 | +€41,081 | +50.5% |
| Amounts payable | 17/49 | €103,943 | €248,816 | +€144,874 | +139.4% |
| Amounts payable within one year | 42/48 | €103,003 | €248,816 | +€145,813 | +141.6% |
| Trade debts | 44 | €20,551 | €228,949 | +€208,398 | +1014.1% |
| Suppliers | 440/4 | €20,551 | €228,949 | +€208,398 | +1014.1% |
| Taxes, remuneration and social security | 45 | €24,327 | €9,469 | -€14,859 | -61.1% |
| Taxes | 450/3 | €24,327 | €9,469 | -€14,859 | -61.1% |
| Other amounts payable | 47/48 | €58,125 | €10,399 | -€47,726 | -82.1% |
| Accrued charges and deferred income | 492/3 | €940 | - | -€940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €3,360 | +€553 | +19.7% |
| Other operating charges | 640/8 | €1,248 | €1,984 | +€736 | +59.0% |
| Gross operating margin | 9900 | €86,354 | €78,760 | -€7,594 | -8.8% |
| Operating profit (loss) | 9901 | €82,299 | €73,416 | -€8,882 | -10.8% |
| Financial income | 75/76B | €340 | €608 | +€268 | +78.9% |
| Recurring financial income | 75 | €340 | €608 | +€268 | +78.9% |
| Financial charges | 65/66B | €995 | €636 | -€359 | -36.1% |
| Recurring financial charges | 65 | €995 | €636 | -€359 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €81,644 | €73,388 | -€8,255 | -10.1% |
| Income taxes | 67/77 | €28,069 | €21,361 | -€6,708 | -23.9% |
| Profit (loss) for the period | 9904 | €53,575 | €52,027 | -€1,548 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,575 | €52,027 | -€1,548 | -2.9% |
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.