ENGRO: 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.
ENGRO
Largest movements
- Cash +€307,172
up €307,172 (+825%), from €37,212 to €344,384
mainly Other debts (+€279,410) and Receivables within one year (+€180,556)
- Tangible fixed assets +€199,843
up €199,843 (+14.9%), from €1.3m to €1.5m
of which Land and buildings: +€200,572
- Receivables within one year -€180,556
down €180,556 (-99.1%), from €182,109 to €1,553
of which Trade receivables: -€182,109
- Current investments +€50,000
up €50,000 (+31.2%), from €160,329 to €210,329
- Other debts +€279,410
up €279,410 (+95.4%), from €292,855 to €572,265
- Reserves +€119,868
up €119,868 (+37.5%), from €319,256 to €439,124
- Debts after one year -€52,134
down €52,134 (-6.2%), from €837,569 to €785,435
- Tax, wage and social debts +€32,706
up €32,706 (+40.7%), from €80,413 to €113,119
- Financial charges +€18,917
up €18,917 (+38.0%), from €49,819 to €68,736
- Depreciation +€9,537
up €9,537 (+17.8%), from €53,433 to €62,971
- Taxes -€6,566
down €6,566 (-16.3%), from €40,359 to €33,793
- Other operating charges -€4,772
down €4,772 (-11.9%), from €39,966 to €35,194
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 | €1,723,319 | €2,105,030 | +€381,711 | +22.1% |
| Fixed assets | 21/28 | €1,342,759 | €1,542,602 | +€199,843 | +14.9% |
| Tangible fixed assets | 22/27 | €1,342,759 | €1,542,602 | +€199,843 | +14.9% |
| Land and buildings | 22 | €1,339,309 | €1,539,881 | +€200,572 | +15.0% |
| Plant, machinery and equipment | 23 | €3,450 | €2,722 | -€729 | -21.1% |
| Current assets | 29/58 | €380,560 | €562,427 | +€181,867 | +47.8% |
| Amounts receivable within one year | 40/41 | €182,109 | €1,553 | -€180,556 | -99.1% |
| Trade receivables | 40 | €182,109 | - | -€182,109 | |
| Other amounts receivable | 41 | - | €1,553 | +€1,553 | |
| Current investments | 50/53 | €160,329 | €210,329 | +€50,000 | +31.2% |
| Cash at bank and in hand | 54/58 | €37,212 | €344,384 | +€307,172 | +825% |
| Deferred charges and accrued income | 490/1 | €911 | €6,162 | +€5,251 | +577% |
| Total equity and liabilities | 10/49 | €1,723,319 | €2,105,030 | +€381,711 | +22.1% |
| Equity | 10/15 | €453,256 | €573,124 | +€119,868 | +26.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Revaluation surpluses | 12 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €319,256 | €439,124 | +€119,868 | +37.5% |
| Distributable reserves | 133 | €319,256 | €439,124 | +€119,868 | +37.5% |
| Amounts payable | 17/49 | €1,270,063 | €1,531,906 | +€261,843 | +20.6% |
| Amounts payable after more than one year | 17 | €837,569 | €785,435 | -€52,134 | -6.2% |
| Financial debts | 170/4 | €837,569 | €785,435 | -€52,134 | -6.2% |
| Amounts payable within one year | 42/48 | €432,495 | €746,471 | +€313,976 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €50,070 | €52,134 | +€2,064 | +4.1% |
| Trade debts | 44 | €9,157 | €8,954 | -€203 | -2.2% |
| Suppliers | 440/4 | €9,157 | €8,954 | -€203 | -2.2% |
| Taxes, remuneration and social security | 45 | €80,413 | €113,119 | +€32,706 | +40.7% |
| Taxes | 450/3 | €80,413 | €113,119 | +€32,706 | +40.7% |
| Other amounts payable | 47/48 | €292,855 | €572,265 | +€279,410 | +95.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,433 | €62,971 | +€9,537 | +17.8% |
| Other operating charges | 640/8 | €39,966 | €35,194 | -€4,772 | -11.9% |
| Gross operating margin | 9900 | €323,334 | €320,563 | -€2,771 | -0.9% |
| Operating profit (loss) | 9901 | €229,935 | €222,397 | -€7,537 | -3.3% |
| Financial charges | 65/66B | €49,819 | €68,736 | +€18,917 | +38.0% |
| Recurring financial charges | 65 | €49,819 | €68,736 | +€18,917 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €180,116 | €153,661 | -€26,455 | -14.7% |
| Income taxes | 67/77 | €40,359 | €33,793 | -€6,566 | -16.3% |
| Profit (loss) for the period | 9904 | €139,756 | €119,868 | -€19,889 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €139,756 | €119,868 | -€19,889 | -14.2% |
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.