FRANCE ENGLEBERT: 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.
FRANCE ENGLEBERT
Largest movements
- Current investments +€43,334
up €43,334 (+27.6%), from €157,000 to €200,334
- Cash +€13,003
up €13,003 (+2.2%), from €585,166 to €598,169
mainly Net result for the year (+€134,327) and Depreciation (+€1,112)
- Reserves +€134,327
up €134,327 (+21.6%), from €621,216 to €755,543
- Other debts -€58,164
down €58,164 (-94.2%), from €61,769 to €3,605
- Tax, wage and social debts -€17,205
down €17,205 (-37.4%), from €46,035 to €28,830
of which Taxes: -€12,512
- Gross operating margin -€16,734
down €16,734 (-8.3%), from €202,683 to €185,949
- Taxes -€7,740
down €7,740 (-12.0%), from €64,367 to €56,627
- Financial income -€5,013
down €5,013 (-42.2%), from €11,893 to €6,880
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 | €747,364 | €806,403 | +€59,039 | +7.9% |
| Fixed assets | 21/28 | €1,112 | €0 | -€1,112 | -100% |
| Tangible fixed assets | 22/27 | €1,112 | €0 | -€1,112 | -100% |
| Land and buildings | 22 | €1,112 | €0 | -€1,112 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €746,252 | €806,403 | +€60,151 | +8.1% |
| Amounts receivable within one year | 40/41 | €3,658 | €3,814 | +€156 | +4.3% |
| Trade receivables | 40 | - | €156 | +€156 | |
| Other amounts receivable | 41 | €3,658 | €3,658 | = | 0.0% |
| Current investments | 50/53 | €157,000 | €200,334 | +€43,334 | +27.6% |
| Cash at bank and in hand | 54/58 | €585,166 | €598,169 | +€13,003 | +2.2% |
| Deferred charges and accrued income | 490/1 | €427 | €4,085 | +€3,658 | +856% |
| Total equity and liabilities | 10/49 | €747,364 | €806,403 | +€59,039 | +7.9% |
| Equity | 10/15 | €633,616 | €767,943 | +€134,327 | +21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €621,216 | €755,543 | +€134,327 | +21.6% |
| Distributable reserves | 133 | €621,216 | €755,543 | +€134,327 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,748 | €38,460 | -€75,288 | -66.2% |
| Amounts payable within one year | 42/48 | €113,748 | €38,460 | -€75,288 | -66.2% |
| Trade debts | 44 | €5,943 | €6,024 | +€81 | +1.4% |
| Suppliers | 440/4 | €5,943 | €6,024 | +€81 | +1.4% |
| Taxes, remuneration and social security | 45 | €46,035 | €28,830 | -€17,205 | -37.4% |
| Taxes | 450/3 | €38,942 | €26,430 | -€12,512 | -32.1% |
| Remuneration and social security | 454/9 | €7,093 | €2,400 | -€4,693 | -66.2% |
| Other amounts payable | 47/48 | €61,769 | €3,605 | -€58,164 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,112 | -€138 | -11.1% |
| Other operating charges | 640/8 | €387 | €416 | +€29 | +7.4% |
| Gross operating margin | 9900 | €202,683 | €185,949 | -€16,734 | -8.3% |
| Operating profit (loss) | 9901 | €201,045 | €184,421 | -€16,624 | -8.3% |
| Financial income | 75/76B | €11,893 | €6,880 | -€5,013 | -42.2% |
| Recurring financial income | 75 | €11,893 | €6,880 | -€5,013 | -42.2% |
| Financial charges | 65/66B | €631 | €346 | -€285 | -45.1% |
| Recurring financial charges | 65 | €631 | €346 | -€285 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €212,307 | €190,954 | -€21,353 | -10.1% |
| Income taxes | 67/77 | €64,367 | €56,627 | -€7,740 | -12.0% |
| Profit (loss) for the period | 9904 | €147,940 | €134,327 | -€13,613 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €147,940 | €134,327 | -€13,613 | -9.2% |
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 30 October 2026 via checked.be.