L’ENGRAIN: 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.
L’ENGRAIN
Largest movements
- Cash +€4,876
up €4,876 (+22.5%), from €21,686 to €26,562
mainly Depreciation (+€21,518) and Current portion of long-term debt (+€5,092)
- Receivables within one year +€2,917
up €2,917 (+159.5%), from €1,829 to €4,745
of which Trade receivables: +€2,738
- Deferred charges and accrued income +€2,151
up €2,151 (+632.6%), from €340 to €2,491
- Tangible fixed assets +€2,130
up €2,130 (+3.2%), from €66,027 to €68,157
of which Furniture and vehicles: +€20,352
- Current portion of long-term debt +€5,092
up €5,092 (+34.2%), from €14,891 to €19,983
- Trade debts +€3,698
up €3,698 (+75.2%), from €4,914 to €8,612
- Tax, wage and social debts +€1,176
up €1,176 (+19.1%), from €6,153 to €7,329
of which Remuneration and social security: +€1,185
- Debts after one year +€1,119
up €1,119 (+2.9%), from €38,600 to €39,719
- Staff costs +€15,936
up €15,936 (+40.9%), from €38,947 to €54,883
- Financial income +€15,853
up €15,853 (+36764.8%), from €43 to €15,896
- Gross operating margin +€8,487
up €8,487 (+14.6%), from €58,029 to €66,516
- Depreciation +€2,915
up €2,915 (+15.7%), from €18,602 to €21,518
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 | €93,066 | €105,021 | +€11,956 | +12.8% |
| Fixed assets | 21/28 | €66,027 | €68,157 | +€2,130 | +3.2% |
| Tangible fixed assets | 22/27 | €66,027 | €68,157 | +€2,130 | +3.2% |
| Plant, machinery and equipment | 23 | €28,804 | €15,497 | -€13,307 | -46.2% |
| Furniture and vehicles | 24 | €1,054 | €21,406 | +€20,352 | +1930.9% |
| Other tangible fixed assets | 26 | €36,169 | €31,254 | -€4,915 | -13.6% |
| Current assets | 29/58 | €27,038 | €36,864 | +€9,826 | +36.3% |
| Stocks and contracts in progress | 3 | €3,184 | €3,066 | -€118 | -3.7% |
| Stocks | 30/36 | €3,184 | €3,066 | -€118 | -3.7% |
| Amounts receivable within one year | 40/41 | €1,829 | €4,745 | +€2,917 | +159.5% |
| Trade receivables | 40 | €1,786 | €4,524 | +€2,738 | +153.3% |
| Other amounts receivable | 41 | €43 | €221 | +€179 | +420.5% |
| Cash at bank and in hand | 54/58 | €21,686 | €26,562 | +€4,876 | +22.5% |
| Deferred charges and accrued income | 490/1 | €340 | €2,491 | +€2,151 | +632.6% |
| Total equity and liabilities | 10/49 | €93,066 | €105,021 | +€11,956 | +12.8% |
| Equity | 10/15 | -€9,292 | -€8,421 | +€871 | +9.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,292 | -€33,421 | +€871 | +2.5% |
| Amounts payable | 17/49 | €102,358 | €113,442 | +€11,084 | +10.8% |
| Amounts payable after more than one year | 17 | €38,600 | €39,719 | +€1,119 | +2.9% |
| Financial debts | 170/4 | €38,600 | €39,719 | +€1,119 | +2.9% |
| Amounts payable within one year | 42/48 | €63,758 | €73,723 | +€9,965 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €14,891 | €19,983 | +€5,092 | +34.2% |
| Trade debts | 44 | €4,914 | €8,612 | +€3,698 | +75.2% |
| Suppliers | 440/4 | €4,914 | €8,612 | +€3,698 | +75.2% |
| Taxes, remuneration and social security | 45 | €6,153 | €7,329 | +€1,176 | +19.1% |
| Taxes | 450/3 | €330 | €320 | -€10 | -3.0% |
| Remuneration and social security | 454/9 | €5,823 | €7,009 | +€1,185 | +20.4% |
| Other amounts payable | 47/48 | €37,800 | €37,800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,947 | €54,883 | +€15,936 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,602 | €21,518 | +€2,915 | +15.7% |
| Other operating charges | 640/8 | €670 | €1,062 | +€393 | +58.6% |
| Gross operating margin | 9900 | €58,029 | €66,516 | +€8,487 | +14.6% |
| Operating profit (loss) | 9901 | -€191 | -€10,948 | -€10,757 | -5638.1% |
| Financial income | 75/76B | €43 | €15,896 | +€15,853 | +36764.8% |
| Recurring financial income | 75 | €43 | €15,896 | +€15,853 | +36764.8% |
| Financial charges | 65/66B | €3,843 | €4,077 | +€234 | +6.1% |
| Recurring financial charges | 65 | €3,843 | €4,077 | +€234 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,991 | €871 | +€4,862 | |
| Profit (loss) for the period | 9904 | -€3,991 | €871 | +€4,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,991 | €871 | +€4,862 |
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 10 October 2026 via checked.be.