ENGRAVEN: 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.
ENGRAVEN
Largest movements
- Cash -€123,753
down €123,753 (-74.0%), from €167,319 to €43,567
mainly Provisions (-€86,037) and Tax, wage and social debts (-€48,552)
- Receivables within one year -€18,884
down €18,884 (-37.0%), from €51,014 to €32,129
of which Trade receivables: -€23,477
- Provisions -€86,037
no longer reported in 2025 (was €86,037)
- Tax, wage and social debts -€48,552
down €48,552 (-99.9%), from €48,612 to €60
- Reserves -€48,108
down €48,108 (-8.2%), from €583,619 to €535,510
- Other debts +€48,108
new in 2025: €48,108
- Profit (loss) carried forward -€22,129
down €22,129 (-294.0%), from -€7,528 to -€29,658
- Gross operating margin -€15,563
down €15,563 (-238.4%), from -€6,528 to -€22,091
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 | €1,368,215 | €1,227,363 | -€140,851 | -10.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,137,463 | €1,145,049 | +€7,586 | +0.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €694,870 | €693,643 | -€1,226 | -0.2% |
| Land and buildings | 22 | €692,417 | €692,417 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,453 | €1,226 | -€1,226 | -50.0% |
| Financial fixed assets | 28 | €442,593 | €451,406 | +€8,812 | +2.0% |
| Current assets | 29/58 | €230,752 | €82,315 | -€148,437 | -64.3% |
| Stocks and contracts in progress | 3 | €6,619 | €6,619 | = | 0.0% |
| Stocks | 30/36 | €6,619 | €6,619 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,014 | €32,129 | -€18,884 | -37.0% |
| Trade receivables | 40 | €48,784 | €25,307 | -€23,477 | -48.1% |
| Other amounts receivable | 41 | €2,230 | €6,822 | +€4,592 | +205.9% |
| Cash at bank and in hand | 54/58 | €167,319 | €43,567 | -€123,753 | -74.0% |
| Deferred charges and accrued income | 490/1 | €5,800 | - | -€5,800 | |
| Total equity and liabilities | 10/49 | €1,368,215 | €1,227,363 | -€140,851 | -10.3% |
| Equity | 10/15 | €1,233,566 | €1,163,328 | -€70,238 | -5.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | €655,475 | €655,475 | = | 0.0% |
| Reserves | 13 | €583,619 | €535,510 | -€48,108 | -8.2% |
| Non-distributable reserves | 130/1 | €583,619 | €535,510 | -€48,108 | -8.2% |
| Reserves not available under the articles | 1311 | €583,619 | €535,510 | -€48,108 | -8.2% |
| Profit (loss) carried forward | 14 | -€7,528 | -€29,658 | -€22,129 | -294.0% |
| Provisions and deferred taxes | 16 | €86,037 | - | -€86,037 | |
| Provisions for liabilities and charges | 160/5 | €86,037 | - | -€86,037 | |
| Environmental obligations | 163 | €86,037 | - | -€86,037 | |
| Amounts payable | 17/49 | €48,612 | €64,036 | +€15,423 | +31.7% |
| Amounts payable within one year | 42/48 | €48,612 | €64,036 | +€15,423 | +31.7% |
| Trade debts | 44 | €0 | €15,867 | +€15,867 | |
| Suppliers | 440/4 | €0 | €15,867 | +€15,867 | |
| Taxes, remuneration and social security | 45 | €48,612 | €60 | -€48,552 | -99.9% |
| Taxes | 450/3 | €48,612 | €60 | -€48,552 | -99.9% |
| Other amounts payable | 47/48 | - | €48,108 | +€48,108 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,226 | €1,226 | = | 0.0% |
| Other operating charges | 640/8 | €2,300 | €2,398 | +€98 | +4.2% |
| Gross operating margin | 9900 | -€6,528 | -€22,091 | -€15,563 | -238.4% |
| Operating profit (loss) | 9901 | -€10,055 | -€25,715 | -€15,661 | -155.8% |
| Financial income | 75/76B | €4,735 | €4,684 | -€52 | -1.1% |
| Recurring financial income | 75 | €4,735 | €4,684 | -€52 | -1.1% |
| Financial charges | 65/66B | €969 | €1,018 | +€48 | +5.0% |
| Recurring financial charges | 65 | €969 | €1,018 | +€48 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,289 | -€22,049 | -€15,761 | -250.6% |
| Income taxes | 67/77 | - | €80 | +€80 | |
| Profit (loss) for the period | 9904 | -€6,289 | -€22,129 | -€15,841 | -251.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,289 | -€22,129 | -€15,841 | -251.9% |
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 4 October 2026 via checked.be.