ENGLEBERT: 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.
ENGLEBERT
Largest movements
- Cash +€84,085
up €84,085 (+41.3%), from €203,780 to €287,865
mainly Net result for the year (+€76,323) and Receivables within one year (+€25,457)
- Receivables within one year -€25,457
down €25,457 (-31.5%), from €80,940 to €55,483
of which Other amounts receivable: -€14,220
- Tangible fixed assets -€17,174
down €17,174 (-14.7%), from €116,632 to €99,459
of which Land and buildings: -€9,712
- Current investments +€9,339
up €9,339 (+11.9%), from €78,738 to €88,076
- Reserves +€74,657
up €74,657 (+20.8%), from €358,979 to €433,636
- Other debts -€18,361
down €18,361 (-37.5%), from €48,932 to €30,571
- Trade debts -€7,194
down €7,194 (-38.7%), from €18,579 to €11,385
- Gross operating margin +€42,577
up €42,577 (+32.4%), from €131,507 to €174,083
- Taxes +€13,825
up €13,825 (+71.3%), from €19,401 to €33,227
- Depreciation -€7,180
down €7,180 (-29.5%), from €24,354 to €17,174
- Staff costs +€3,415
up €3,415 (+7.9%), from €43,287 to €46,702
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 | €482,080 | €533,200 | +€51,120 | +10.6% |
| Fixed assets | 21/28 | €116,862 | €99,689 | -€17,174 | -14.7% |
| Tangible fixed assets | 22/27 | €116,632 | €99,459 | -€17,174 | -14.7% |
| Land and buildings | 22 | €94,352 | €84,640 | -€9,712 | -10.3% |
| Plant, machinery and equipment | 23 | €4,981 | €3,406 | -€1,575 | -31.6% |
| Furniture and vehicles | 24 | €5,038 | €2,350 | -€2,688 | -53.4% |
| Other tangible fixed assets | 26 | €12,262 | €9,063 | -€3,199 | -26.1% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €365,218 | €433,512 | +€68,294 | +18.7% |
| Amounts receivable within one year | 40/41 | €80,940 | €55,483 | -€25,457 | -31.5% |
| Trade receivables | 40 | €66,459 | €55,222 | -€11,237 | -16.9% |
| Other amounts receivable | 41 | €14,481 | €260 | -€14,220 | -98.2% |
| Current investments | 50/53 | €78,738 | €88,076 | +€9,339 | +11.9% |
| Cash at bank and in hand | 54/58 | €203,780 | €287,865 | +€84,085 | +41.3% |
| Deferred charges and accrued income | 490/1 | €1,760 | €2,088 | +€328 | +18.6% |
| Total equity and liabilities | 10/49 | €482,080 | €533,200 | +€51,120 | +10.6% |
| Equity | 10/15 | €378,979 | €453,636 | +€74,657 | +19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €358,979 | €433,636 | +€74,657 | +20.8% |
| Distributable reserves | 133 | €358,979 | €433,636 | +€74,657 | +20.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €103,101 | €79,564 | -€23,537 | -22.8% |
| Amounts payable within one year | 42/48 | €97,120 | €74,626 | -€22,495 | -23.2% |
| Financial debts | 43 | €672 | €393 | -€280 | -41.6% |
| Credit institutions | 430/8 | €672 | €393 | -€280 | -41.6% |
| Trade debts | 44 | €18,579 | €11,385 | -€7,194 | -38.7% |
| Suppliers | 440/4 | €18,579 | €11,385 | -€7,194 | -38.7% |
| Taxes, remuneration and social security | 45 | €28,937 | €32,277 | +€3,340 | +11.5% |
| Taxes | 450/3 | €18,501 | €22,508 | +€4,008 | +21.7% |
| Remuneration and social security | 454/9 | €10,437 | €9,769 | -€668 | -6.4% |
| Other amounts payable | 47/48 | €48,932 | €30,571 | -€18,361 | -37.5% |
| Accrued charges and deferred income | 492/3 | €5,981 | €4,939 | -€1,042 | -17.4% |
| Remuneration, social security and pensions | 62 | €43,287 | €46,702 | +€3,415 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,354 | €17,174 | -€7,180 | -29.5% |
| Other operating charges | 640/8 | €1,721 | €2,184 | +€463 | +26.9% |
| Gross operating margin | 9900 | €131,507 | €174,083 | +€42,577 | +32.4% |
| Operating profit (loss) | 9901 | €62,145 | €108,024 | +€45,879 | +73.8% |
| Financial income | 75/76B | €3,530 | €3,918 | +€387 | +11.0% |
| Recurring financial income | 75 | €3,530 | €3,918 | +€387 | +11.0% |
| Financial charges | 65/66B | €3,303 | €2,392 | -€911 | -27.6% |
| Recurring financial charges | 65 | €3,303 | €2,392 | -€911 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €62,373 | €109,549 | +€47,177 | +75.6% |
| Income taxes | 67/77 | €19,401 | €33,227 | +€13,825 | +71.3% |
| Profit (loss) for the period | 9904 | €42,971 | €76,323 | +€33,352 | +77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,971 | €76,323 | +€33,352 | +77.6% |
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 7 October 2026 via checked.be.