Englebienne & Associates: 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.
Englebienne & Associates
Largest movements
- Cash +€39,223
up €39,223 (+89.8%), from €43,675 to €82,898
mainly Net result for the year (+€41,278) and Tax, wage and social debts (+€15,879)
- Receivables within one year -€8,605
down €8,605 (-25.1%), from €34,227 to €25,622
of which Trade receivables: -€5,907
- Tangible fixed assets -€2,641
down €2,641 (-16.5%), from €16,009 to €13,368
of which Furniture and vehicles: -€5,763
- Reserves +€41,000
up €41,000 (+105%), from €39,000 to €80,000
- Other debts -€25,864
down €25,864 (-82.4%), from €31,402 to €5,538
- Tax, wage and social debts +€15,879
up €15,879 (+83.0%), from €19,121 to €35,000
of which Taxes: +€12,711
- Trade debts -€3,161
down €3,161 (-80.3%), from €3,938 to €777
- Gross operating margin +€1,439
up €1,439 (+2.5%), from €57,698 to €59,137
- Depreciation -€1,182
down €1,182 (-16.8%), from €7,044 to €5,862
- Taxes +€1,094
up €1,094 (+10.4%), from €10,485 to €11,579
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 | €95,611 | €123,742 | +€28,131 | +29.4% |
| Fixed assets | 21/28 | €16,009 | €13,368 | -€2,641 | -16.5% |
| Tangible fixed assets | 22/27 | €16,009 | €13,368 | -€2,641 | -16.5% |
| Furniture and vehicles | 24 | €16,009 | €10,246 | -€5,763 | -36.0% |
| Other tangible fixed assets | 26 | - | €3,122 | +€3,122 | |
| Current assets | 29/58 | €79,602 | €110,374 | +€30,772 | +38.7% |
| Amounts receivable within one year | 40/41 | €34,227 | €25,622 | -€8,605 | -25.1% |
| Trade receivables | 40 | €31,528 | €25,622 | -€5,907 | -18.7% |
| Other amounts receivable | 41 | €2,698 | €0 | -€2,698 | -100% |
| Cash at bank and in hand | 54/58 | €43,675 | €82,898 | +€39,223 | +89.8% |
| Deferred charges and accrued income | 490/1 | €1,700 | €1,855 | +€155 | +9.1% |
| Total equity and liabilities | 10/49 | €95,611 | €123,742 | +€28,131 | +29.4% |
| Equity | 10/15 | €41,150 | €82,427 | +€41,278 | +100% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €39,000 | €80,000 | +€41,000 | +105% |
| Distributable reserves | 133 | €39,000 | €80,000 | +€41,000 | +105% |
| Profit (loss) carried forward | 14 | €650 | €927 | +€278 | +42.8% |
| Amounts payable | 17/49 | €54,461 | €41,315 | -€13,147 | -24.1% |
| Amounts payable within one year | 42/48 | €54,461 | €41,315 | -€13,147 | -24.1% |
| Trade debts | 44 | €3,938 | €777 | -€3,161 | -80.3% |
| Suppliers | 440/4 | €3,938 | €777 | -€3,161 | -80.3% |
| Taxes, remuneration and social security | 45 | €19,121 | €35,000 | +€15,879 | +83.0% |
| Taxes | 450/3 | €19,121 | €31,832 | +€12,711 | +66.5% |
| Remuneration and social security | 454/9 | - | €3,168 | +€3,168 | |
| Other amounts payable | 47/48 | €31,402 | €5,538 | -€25,864 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,044 | €5,862 | -€1,182 | -16.8% |
| Other operating charges | 640/8 | €268 | €220 | -€48 | -17.7% |
| Gross operating margin | 9900 | €57,698 | €59,137 | +€1,439 | +2.5% |
| Operating profit (loss) | 9901 | €50,386 | €53,054 | +€2,668 | +5.3% |
| Financial charges | 65/66B | €251 | €197 | -€54 | -21.5% |
| Recurring financial charges | 65 | €251 | €197 | -€54 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €50,135 | €52,857 | +€2,722 | +5.4% |
| Income taxes | 67/77 | €10,485 | €11,579 | +€1,094 | +10.4% |
| Profit (loss) for the period | 9904 | €39,650 | €41,278 | +€1,628 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,650 | €41,278 | +€1,628 | +4.1% |
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 24 October 2026 via checked.be.