PIERRE ENGELEN: 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.
PIERRE ENGELEN
Largest movements
- Cash -€13,460
down €13,460 (-30.5%), from €44,153 to €30,694
mainly Net result for the year (-€6,813) and Receivables within one year (-€4,137)
- Receivables within one year +€4,137
up €4,137 (+20.6%), from €20,121 to €24,258
of which Trade receivables: +€4,415
- Tangible fixed assets +€1,465
new in 2025: €1,465
- Profit (loss) carried forward -€6,813
new in 2025: -€6,813
- Gross operating margin -€16,658
down €16,658 (-75.5%), from €22,063 to €5,405
- Taxes +€10,534
up €10,534 (+2,701%), from €390 to €10,924
- Other operating charges +€641
up €641 (+148%), from €433 to €1,074
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 | €64,274 | €56,416 | -€7,858 | -12.2% |
| Fixed assets | 21/28 | - | €1,465 | +€1,465 | |
| Tangible fixed assets | 22/27 | - | €1,465 | +€1,465 | |
| Furniture and vehicles | 24 | - | €1,465 | +€1,465 | |
| Current assets | 29/58 | €64,274 | €54,951 | -€9,323 | -14.5% |
| Amounts receivable within one year | 40/41 | €20,121 | €24,258 | +€4,137 | +20.6% |
| Trade receivables | 40 | €11,750 | €16,165 | +€4,415 | +37.6% |
| Other amounts receivable | 41 | €8,371 | €8,093 | -€278 | -3.3% |
| Cash at bank and in hand | 54/58 | €44,153 | €30,694 | -€13,460 | -30.5% |
| Total equity and liabilities | 10/49 | €64,274 | €56,416 | -€7,858 | -12.2% |
| Equity | 10/15 | €61,547 | €54,735 | -€6,813 | -11.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €60,547 | €60,547 | = | 0.0% |
| Distributable reserves | 133 | €60,547 | €60,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,813 | -€6,813 | |
| Amounts payable | 17/49 | €2,727 | €1,682 | -€1,045 | -38.3% |
| Amounts payable within one year | 42/48 | €2,727 | €1,682 | -€1,045 | -38.3% |
| Trade debts | 44 | €443 | €248 | -€196 | -44.2% |
| Suppliers | 440/4 | €443 | €248 | -€196 | -44.2% |
| Taxes, remuneration and social security | 45 | €394 | - | -€394 | |
| Taxes | 450/3 | €394 | - | -€394 | |
| Other amounts payable | 47/48 | €1,889 | €1,434 | -€455 | -24.1% |
| Other operating charges | 640/8 | €433 | €1,074 | +€641 | +148% |
| Gross operating margin | 9900 | €22,063 | €5,405 | -€16,658 | -75.5% |
| Operating profit (loss) | 9901 | €21,629 | €4,331 | -€17,298 | -80.0% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €180 | €220 | +€39 | +21.8% |
| Recurring financial charges | 65 | €180 | €220 | +€39 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €21,453 | €4,111 | -€17,342 | -80.8% |
| Income taxes | 67/77 | €390 | €10,924 | +€10,534 | +2,701% |
| Profit (loss) for the period | 9904 | €21,063 | -€6,813 | -€27,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,063 | -€6,813 | -€27,875 |
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.