ENGSIS: what changed
ENGSIS
Largest movements
- Financial fixed assets -€609,188
down €609,188 (-85.9%), from €709,188 to €100,000
- Cash -€569,982
down €569,982 (-58.1%), from €981,416 to €411,434
mainly Net result for the year (-€592,875) and Contributions, distributions and other (-€440,000)
- Profit (loss) carried forward -€1.0m
down €1.0m (-59.3%), from €1.7m to €709,997
- Other debts -€142,500
no longer reported in 2025 (was €142,500)
- Financial income -€875,521
down €875,521 (-98.4%), from €889,845 to €14,324
of which Financial income: -€535,910
- Financial charges +€256,813
up €256,813 (+72.9%), from €352,419 to €609,232
of which Non-recurring financial charges: +€259,336
- Gross operating margin +€4,580
up €4,580 (+53.1%), from €8,633 to €13,213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,963,737 | €780,597 | -€1.2m | -60.2% |
| Fixed assets | 21/28 | €980,152 | €362,155 | -€617,997 | -63.1% |
| Tangible fixed assets | 22/27 | €270,964 | €262,155 | -€8,809 | -3.3% |
| Land and buildings | 22 | €270,964 | €262,155 | -€8,809 | -3.3% |
| Financial fixed assets | 28 | €709,188 | €100,000 | -€609,188 | -85.9% |
| Current assets | 29/58 | €983,585 | €418,442 | -€565,142 | -57.5% |
| Amounts receivable within one year | 40/41 | €1,418 | €5,518 | +€4,100 | +289% |
| Other amounts receivable | 41 | €1,418 | €5,518 | +€4,100 | +289% |
| Cash at bank and in hand | 54/58 | €981,416 | €411,434 | -€569,982 | -58.1% |
| Deferred charges and accrued income | 490/1 | €750 | €1,490 | +€740 | +98.7% |
| Total equity and liabilities | 10/49 | €1,963,737 | €780,597 | -€1.2m | -60.2% |
| Equity | 10/15 | €1,811,072 | €778,197 | -€1.0m | -57.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,742,872 | €709,997 | -€1.0m | -59.3% |
| Amounts payable | 17/49 | €152,665 | €2,400 | -€150,265 | -98.4% |
| Amounts payable after more than one year | 17 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,265 | - | -€150,265 | |
| Trade debts | 44 | €265 | - | -€265 | |
| Suppliers | 440/4 | €265 | - | -€265 | |
| Taxes, remuneration and social security | 45 | €7,500 | - | -€7,500 | |
| Taxes | 450/3 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €142,500 | - | -€142,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,809 | €8,809 | = | 0.0% |
| Other operating charges | 640/8 | €2,373 | €2,371 | -€2 | -0.1% |
| Gross operating margin | 9900 | €8,633 | €13,213 | +€4,580 | +53.1% |
| Operating profit (loss) | 9901 | -€2,549 | €2,034 | +€4,582 | |
| Financial income | 75/76B | €889,845 | €14,324 | -€875,521 | -98.4% |
| Recurring financial income | 75 | €550,234 | €14,324 | -€535,910 | -97.4% |
| Non-recurring financial income | 76B | €339,612 | - | -€339,612 | |
| Financial charges | 65/66B | €352,419 | €609,232 | +€256,813 | +72.9% |
| Recurring financial charges | 65 | €2,568 | €45 | -€2,523 | -98.2% |
| Non-recurring financial charges | 66B | €349,852 | €609,187 | +€259,336 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €534,878 | -€592,875 | -€1.1m | |
| Profit (loss) for the period | 9904 | €534,878 | -€592,875 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €534,878 | -€592,875 | -€1.1m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.