Let's ENGAGE!: 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.
Let's ENGAGE!
Largest movements
- Cash -€20,387
down €20,387 (-48.9%), from €41,730 to €21,343
mainly Contributions, distributions and other (-€74,788) and Receivables within one year (-€16,128)
- Receivables within one year +€16,128
up €16,128 (+32.7%), from €49,319 to €65,447
of which Trade receivables: +€23,143
- Current investments -€5,740
down €5,740 (-9.6%), from €60,000 to €54,260
- Profit (loss) carried forward -€70,588
down €70,588 (-97.8%), from €72,159 to €1,571
- Reserves +€38,933
up €38,933 (+178%), from €21,860 to €60,793
of which Distributable reserves: +€40,793
- Tax, wage and social debts +€8,316
up €8,316 (+60.3%), from €13,789 to €22,105
- Other debts +€8,165
up €8,165 (+28.5%), from €28,653 to €36,818
- Trade debts +€3,958
up €3,958 (+41.5%), from €9,542 to €13,500
- Staff costs -€21,797
no longer reported in 2025 (was €21,797)
- Gross operating margin +€21,792
up €21,792 (+55.7%), from €39,111 to €60,903
- Taxes +€12,094
up €12,094 (+279%), from €4,342 to €16,437
- Depreciation -€2,253
down €2,253 (-65.7%), from €3,427 to €1,175
- Financial income +€1,661
up €1,661 (+18,455%), from €9 to €1,670
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 | €152,787 | €142,025 | -€10,762 | -7.0% |
| Fixed assets | 21/28 | €1,739 | €564 | -€1,175 | -67.5% |
| Tangible fixed assets | 22/27 | €1,739 | €564 | -€1,175 | -67.5% |
| Land and buildings | 22 | €20 | - | -€20 | |
| Plant, machinery and equipment | 23 | €1,371 | €564 | -€806 | -58.8% |
| Furniture and vehicles | 24 | €348 | - | -€348 | |
| Current assets | 29/58 | €151,048 | €141,461 | -€9,587 | -6.3% |
| Amounts receivable within one year | 40/41 | €49,319 | €65,447 | +€16,128 | +32.7% |
| Trade receivables | 40 | €42,305 | €65,447 | +€23,143 | +54.7% |
| Other amounts receivable | 41 | €7,014 | - | -€7,014 | |
| Current investments | 50/53 | €60,000 | €54,260 | -€5,740 | -9.6% |
| Cash at bank and in hand | 54/58 | €41,730 | €21,343 | -€20,387 | -48.9% |
| Deferred charges and accrued income | 490/1 | - | €411 | +€411 | |
| Total equity and liabilities | 10/49 | €152,787 | €142,025 | -€10,762 | -7.0% |
| Equity | 10/15 | €100,219 | €68,563 | -€31,655 | -31.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €60,793 | +€38,933 | +178% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €20,000 | €60,793 | +€40,793 | +204% |
| Profit (loss) carried forward | 14 | €72,159 | €1,571 | -€70,588 | -97.8% |
| Amounts payable | 17/49 | €52,568 | €73,462 | +€20,893 | +39.7% |
| Amounts payable within one year | 42/48 | €52,293 | €72,422 | +€20,129 | +38.5% |
| Financial debts | 43 | €309 | - | -€309 | |
| Credit institutions | 430/8 | €309 | - | -€309 | |
| Trade debts | 44 | €9,542 | €13,500 | +€3,958 | +41.5% |
| Suppliers | 440/4 | €9,542 | €13,500 | +€3,958 | +41.5% |
| Taxes, remuneration and social security | 45 | €13,789 | €22,105 | +€8,316 | +60.3% |
| Taxes | 450/3 | €13,789 | €22,105 | +€8,316 | +60.3% |
| Other amounts payable | 47/48 | €28,653 | €36,818 | +€8,165 | +28.5% |
| Accrued charges and deferred income | 492/3 | €276 | €1,040 | +€764 | +277% |
| Remuneration, social security and pensions | 62 | €21,797 | - | -€21,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,427 | €1,175 | -€2,253 | -65.7% |
| Other operating charges | 640/8 | €2,333 | €1,683 | -€650 | -27.9% |
| Gross operating margin | 9900 | €39,111 | €60,903 | +€21,792 | +55.7% |
| Operating profit (loss) | 9901 | €11,554 | €58,045 | +€46,492 | +402% |
| Financial income | 75/76B | €9 | €1,670 | +€1,661 | +18,455% |
| Recurring financial income | 75 | €9 | €1,670 | +€1,661 | +18,455% |
| Financial charges | 65/66B | €104 | €146 | +€42 | +40.5% |
| Recurring financial charges | 65 | €104 | €146 | +€42 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €11,459 | €59,570 | +€48,111 | +420% |
| Income taxes | 67/77 | €4,342 | €16,437 | +€12,094 | +279% |
| Profit (loss) for the period | 9904 | €7,117 | €43,133 | +€36,016 | +506% |
| Profit (loss) for the period to be appropriated | 9905 | €7,117 | €43,133 | +€36,016 | +506% |
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 1 November 2026 via checked.be.