ENGONGA GONUL: 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.
ENGONGA GONUL
Largest movements
- Tangible fixed assets -€133,469
down €133,469 (-13.9%), from €957,260 to €823,790
of which Land and buildings: -€97,172
- Receivables within one year -€88,791
down €88,791 (-27.5%), from €323,391 to €234,599
of which Other amounts receivable: -€117,330
- Receivables after one year -€60,000
down €60,000 (-28.6%), from €210,000 to €150,000
- Debts after one year -€183,874
down €183,874 (-78.7%), from €233,568 to €49,694
- Reserves -€148,769
down €148,769 (-22.6%), from €658,192 to €509,423
- Short-term financial debts +€42,244
up €42,244 (+618.6%), from €6,829 to €49,072
of which Other loans: +€42,244
- Current portion of long-term debt -€39,830
down €39,830 (-35.2%), from €113,102 to €73,272
- Tax, wage and social debts +€30,278
up €30,278 (+30.6%), from €98,861 to €129,139
- Depreciation +€9,582
up €9,582 (+14.6%), from €65,484 to €75,066
- Taxes -€9,237
down €9,237 (-16.0%), from €57,617 to €48,380
- Gross operating margin -€9,180
down €9,180 (-4.0%), from €230,279 to €221,099
- Financial charges +€8,120
up €8,120 (+113.1%), from €7,179 to €15,299
- Other operating charges +€4,513
up €4,513 (+159.2%), from €2,835 to €7,348
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,738 | €1,215,102 | -€294,636 | -19.5% |
| Fixed assets | 21/28 | €957,260 | €823,790 | -€133,469 | -13.9% |
| Tangible fixed assets | 22/27 | €957,260 | €823,790 | -€133,469 | -13.9% |
| Land and buildings | 22 | €901,484 | €804,312 | -€97,172 | -10.8% |
| Plant, machinery and equipment | 23 | €14,473 | €12,087 | -€2,386 | -16.5% |
| Furniture and vehicles | 24 | €41,303 | €7,391 | -€33,912 | -82.1% |
| Current assets | 29/58 | €552,478 | €391,311 | -€161,167 | -29.2% |
| Amounts receivable after more than one year | 29 | €210,000 | €150,000 | -€60,000 | -28.6% |
| Other amounts receivable | 291 | €210,000 | €150,000 | -€60,000 | -28.6% |
| Amounts receivable within one year | 40/41 | €323,391 | €234,599 | -€88,791 | -27.5% |
| Trade receivables | 40 | - | €28,539 | +€28,539 | |
| Other amounts receivable | 41 | €323,391 | €206,060 | -€117,330 | -36.3% |
| Cash at bank and in hand | 54/58 | €18,889 | €6,712 | -€12,177 | -64.5% |
| Deferred charges and accrued income | 490/1 | €199 | - | -€199 | |
| Total equity and liabilities | 10/49 | €1,509,738 | €1,215,102 | -€294,636 | -19.5% |
| Equity | 10/15 | €1,051,792 | €903,023 | -€148,769 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €658,192 | €509,423 | -€148,769 | -22.6% |
| Distributable reserves | 133 | €658,192 | €509,423 | -€148,769 | -22.6% |
| Profit (loss) carried forward | 14 | €375,000 | €375,000 | = | 0.0% |
| Amounts payable | 17/49 | €457,946 | €312,079 | -€145,867 | -31.9% |
| Amounts payable after more than one year | 17 | €233,568 | €49,694 | -€183,874 | -78.7% |
| Financial debts | 170/4 | €233,568 | €49,694 | -€183,874 | -78.7% |
| Amounts payable within one year | 42/48 | €224,378 | €262,385 | +€38,007 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €113,102 | €73,272 | -€39,830 | -35.2% |
| Financial debts | 43 | €6,829 | €49,072 | +€42,244 | +618.6% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €6,829 | €49,072 | +€42,244 | +618.6% |
| Trade debts | 44 | €5,586 | €10,901 | +€5,315 | +95.2% |
| Suppliers | 440/4 | €5,586 | €10,901 | +€5,315 | +95.2% |
| Taxes, remuneration and social security | 45 | €98,861 | €129,139 | +€30,278 | +30.6% |
| Taxes | 450/3 | €98,861 | €129,139 | +€30,278 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,484 | €75,066 | +€9,582 | +14.6% |
| Other operating charges | 640/8 | €2,835 | €7,348 | +€4,513 | +159.2% |
| Gross operating margin | 9900 | €230,279 | €221,099 | -€9,180 | -4.0% |
| Operating profit (loss) | 9901 | €161,961 | €138,685 | -€23,276 | -14.4% |
| Financial income | 75/76B | €25,383 | €28,753 | +€3,370 | +13.3% |
| Recurring financial income | 75 | €25,383 | €28,753 | +€3,370 | +13.3% |
| Financial charges | 65/66B | €7,179 | €15,299 | +€8,120 | +113.1% |
| Recurring financial charges | 65 | €7,179 | €15,299 | +€8,120 | +113.1% |
| Profit (loss) for the period before taxes | 9903 | €180,164 | €152,139 | -€28,026 | -15.6% |
| Income taxes | 67/77 | €57,617 | €48,380 | -€9,237 | -16.0% |
| Profit (loss) for the period | 9904 | €122,547 | €103,759 | -€18,788 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,547 | €103,759 | -€18,788 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.