PK 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.
PK ENGAGE
Largest movements
- Tangible fixed assets -€30,661
down €30,661 (-11.5%), from €266,004 to €235,343
of which Furniture and vehicles: -€18,148
- Cash +€21,251
up €21,251 (+18.7%), from €113,824 to €135,075
mainly Net result for the year (+€46,493) and Depreciation (+€35,655)
- Receivables within one year -€11,484
down €11,484 (-43.8%), from €26,240 to €14,756
of which Trade receivables: -€6,330
- Debts after one year -€71,208
down €71,208 (-32.8%), from €216,937 to €145,729
- Reserves +€46,450
up €46,450 (+28.5%), from €163,200 to €209,650
- Gross operating margin +€9,026
up €9,026 (+9.4%), from €95,927 to €104,953
- Depreciation +€2,663
up €2,663 (+8.1%), from €32,993 to €35,655
- Taxes +€2,395
up €2,395 (+11.6%), from €20,680 to €23,076
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 | €409,804 | €390,368 | -€19,436 | -4.7% |
| Fixed assets | 21/28 | €266,004 | €235,343 | -€30,661 | -11.5% |
| Tangible fixed assets | 22/27 | €266,004 | €235,343 | -€30,661 | -11.5% |
| Land and buildings | 22 | €198,325 | €188,884 | -€9,441 | -4.8% |
| Plant, machinery and equipment | 23 | €9,581 | €6,509 | -€3,072 | -32.1% |
| Furniture and vehicles | 24 | €58,097 | €39,950 | -€18,148 | -31.2% |
| Current assets | 29/58 | €143,800 | €155,025 | +€11,225 | +7.8% |
| Amounts receivable after more than one year | 29 | - | €2,238 | +€2,238 | |
| Trade receivables | 290 | - | €2,238 | +€2,238 | |
| Amounts receivable within one year | 40/41 | €26,240 | €14,756 | -€11,484 | -43.8% |
| Trade receivables | 40 | €20,214 | €13,884 | -€6,330 | -31.3% |
| Other amounts receivable | 41 | €6,026 | €872 | -€5,154 | -85.5% |
| Cash at bank and in hand | 54/58 | €113,824 | €135,075 | +€21,251 | +18.7% |
| Deferred charges and accrued income | 490/1 | €3,736 | €2,956 | -€780 | -20.9% |
| Total equity and liabilities | 10/49 | €409,804 | €390,368 | -€19,436 | -4.7% |
| Equity | 10/15 | €171,387 | €217,880 | +€46,493 | +27.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €163,200 | €209,650 | +€46,450 | +28.5% |
| Distributable reserves | 133 | €163,200 | €209,650 | +€46,450 | +28.5% |
| Profit (loss) carried forward | 14 | €127 | €170 | +€43 | +33.8% |
| Amounts payable | 17/49 | €238,417 | €172,488 | -€65,929 | -27.7% |
| Amounts payable after more than one year | 17 | €216,937 | €145,729 | -€71,208 | -32.8% |
| Financial debts | 170/4 | €216,937 | €145,729 | -€71,208 | -32.8% |
| Amounts payable within one year | 42/48 | €21,480 | €26,759 | +€5,279 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €15,819 | €16,208 | +€389 | +2.5% |
| Trade debts | 44 | - | €508 | +€508 | |
| Suppliers | 440/4 | - | €508 | +€508 | |
| Taxes, remuneration and social security | 45 | €2,500 | €5,245 | +€2,745 | +110% |
| Taxes | 450/3 | - | €2,745 | +€2,745 | |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,161 | €4,798 | +€1,637 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,993 | €35,655 | +€2,663 | +8.1% |
| Other operating charges | 640/8 | €1,885 | €1,976 | +€91 | +4.8% |
| Gross operating margin | 9900 | €95,927 | €104,953 | +€9,026 | +9.4% |
| Operating profit (loss) | 9901 | €61,049 | €67,322 | +€6,273 | +10.3% |
| Financial income | 75/76B | €5,824 | €5,647 | -€178 | -3.1% |
| Recurring financial income | 75 | €5,824 | €5,647 | -€178 | -3.1% |
| Financial charges | 65/66B | €3,796 | €3,400 | -€396 | -10.4% |
| Recurring financial charges | 65 | €3,796 | €3,400 | -€396 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €63,077 | €69,569 | +€6,491 | +10.3% |
| Income taxes | 67/77 | €20,680 | €23,076 | +€2,395 | +11.6% |
| Profit (loss) for the period | 9904 | €42,397 | €46,493 | +€4,096 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,397 | €46,493 | +€4,096 | +9.7% |
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 16 October 2026 via checked.be.