ENGAGOR: 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.
What changed
ENGAGOR
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€596,390
2024 · €3.5m-€2.9m
Equity
€12.6m
2024 · €12.0m+€596,390
Cash
-
2024 · €5.0m-€5.0m
Balance sheet total
€12.9m
2024 · €17.4m-€4.5m
Largest movements
Assets
- Cash -€5.0m
no longer reported in 2025 (was €5.0m)
mainly Trade debts (-€4.5m) and Receivables within one year (-€587,575)
- Receivables within one year +€587,575
up €587,575 (+4.8%), from €12.3m to €12.9m
of which Trade receivables: +€1.2m
Equity and liabilities
- Trade debts -€4.5m
down €4.5m (-95.0%), from €4.7m to €237,218
- Profit (loss) carried forward +€596,390
up €596,390 (+6.0%), from €9.9m to €10.5m
- Accrued charges and deferred income -€477,990
no longer reported in 2025 (was €477,990)
Income statement
- Turnover -€10.9m
down €10.9m (-84.5%), from €12.9m to €2.0m
- Staff costs -€5.1m
down €5.1m (-87.3%), from €5.9m to €744,031
- Taxes -€1.6m
down €1.6m (-93.7%), from €1.7m to €104,911
of which Taxes: -€1.5m
- Financial charges -€1.0m
down €1.0m (-97.7%), from €1.1m to €23,902
of which Non-recurring financial charges: -€1.0m
- Goods and materials -€256,080
down €256,080 (-65.5%), from €390,690 to €134,610
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.
Result 2024
€3.5m
Turnover
-€10.9m
Goods and materials
+€256,080
Services and other goods
+€144,456
Staff costs
+€5.1m
Depreciation
+€2,340
Write-downs
-€224,512
Provisions
-€148,814
Other operating charges
+€190,192
Financial income
-€1,421
Financial charges
+€1.0m
Taxes
+€1.6m
Result 2025
€596,390
raises the resultlowers the result
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.
From operations
-€5.0m
Investment
€0
Financing
€0
Cash 2024
€5.0m
From operations (derived)
-€5.0m
Net result for the year
+€596,390
Depreciation
+€408
Receivables within one year
-€587,575
Deferred charges and accrued income
+€88,890
Provisions
-€31,570
Trade debts
-€4.5m
Tax, wage and social debts
-€110,103
Accrued charges and deferred income
-€477,990
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,427,046 | €12,894,003 | -€4.5m | -26.0% |
| Fixed assets | 21/28 | €2,768 | €2,360 | -€408 | -14.8% |
| Tangible fixed assets | 22/27 | €644 | €236 | -€408 | -63.4% |
| Plant, machinery and equipment | 23 | €644 | €236 | -€408 | -63.4% |
| Financial fixed assets | 28 | €2,124 | €2,124 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,124 | €2,124 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,124 | €2,124 | = | 0.0% |
| Current assets | 29/58 | €17,424,277 | €12,891,643 | -€4.5m | -26.0% |
| Amounts receivable within one year | 40/41 | €12,303,836 | €12,891,411 | +€587,575 | +4.8% |
| Trade receivables | 40 | €11,252,320 | €12,472,955 | +€1.2m | +10.8% |
| Other amounts receivable | 41 | €1,051,516 | €418,456 | -€633,060 | -60.2% |
| Cash at bank and in hand | 54/58 | €5,031,319 | - | -€5.0m | |
| Deferred charges and accrued income | 490/1 | €89,123 | €232 | -€88,890 | -99.7% |
| Total equity and liabilities | 10/49 | €17,427,046 | €12,894,003 | -€4.5m | -26.0% |
| Equity | 10/15 | €11,997,870 | €12,594,259 | +€596,390 | +5.0% |
| Contributions | 10/11 | €2,064,675 | €2,064,675 | = | 0.0% |
| Capital | 10 | €98,815 | €98,815 | = | 0.0% |
| Issued capital | 100 | €98,815 | €98,815 | = | 0.0% |
| Contributions outside capital | 11 | €1,965,860 | €1,965,860 | = | 0.0% |
| Share premium | 1100/10 | €1,965,860 | €1,965,860 | = | 0.0% |
| Reserves | 13 | €9,881 | €9,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,881 | €9,881 | = | 0.0% |
| Legal reserve | 130 | €9,881 | €9,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,923,314 | €10,519,703 | +€596,390 | +6.0% |
| Provisions and deferred taxes | 16 | €37,466 | €5,896 | -€31,570 | -84.3% |
| Provisions for liabilities and charges | 160/5 | €37,466 | €5,896 | -€31,570 | -84.3% |
| Other liabilities and charges | 164/5 | €37,466 | €5,896 | -€31,570 | -84.3% |
| Amounts payable | 17/49 | €5,391,710 | €293,848 | -€5.1m | -94.6% |
| Amounts payable within one year | 42/48 | €4,913,720 | €293,848 | -€4.6m | -94.0% |
| Trade debts | 44 | €4,746,987 | €237,218 | -€4.5m | -95.0% |
| Suppliers | 440/4 | €4,746,987 | €237,218 | -€4.5m | -95.0% |
| Taxes, remuneration and social security | 45 | €166,733 | €56,630 | -€110,103 | -66.0% |
| Taxes | 450/3 | €72,451 | - | -€72,451 | |
| Remuneration and social security | 454/9 | €94,282 | €56,630 | -€37,652 | -39.9% |
| Accrued charges and deferred income | 492/3 | €477,990 | - | -€477,990 | |
| Operating income | 70/76A | €12,866,360 | €1,991,627 | -€10.9m | -84.5% |
| Turnover | 70 | €12,866,360 | €1,991,627 | -€10.9m | -84.5% |
| Operating charges | 60/66A | €6,608,126 | €1,266,486 | -€5.3m | -80.8% |
| Goods for resale, raw materials and consumables | 60 | €390,690 | €134,610 | -€256,080 | -65.5% |
| Purchases | 600/8 | €390,690 | €134,610 | -€256,080 | -65.5% |
| Services and other goods | 61 | €448,847 | €304,392 | -€144,456 | -32.2% |
| Remuneration, social security and pensions | 62 | €5,865,928 | €744,031 | -€5.1m | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €408 | -€2,340 | -85.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€224,512 | - | +€224,512 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€112,556 | €36,258 | +€148,814 | |
| Other operating charges | 640/8 | €236,979 | €46,787 | -€190,192 | -80.3% |
| Operating profit (loss) | 9901 | €6,258,234 | €725,141 | -€5.5m | -88.4% |
| Financial income | 75/76B | €1,482 | €61 | -€1,421 | -95.9% |
| Recurring financial income | 75 | €1,482 | €61 | -€1,421 | -95.9% |
| Other financial income | 752/9 | €1,482 | €61 | -€1,421 | -95.9% |
| Financial charges | 65/66B | €1,057,895 | €23,902 | -€1.0m | -97.7% |
| Recurring financial charges | 65 | €44,214 | €23,902 | -€20,312 | -45.9% |
| Other financial charges | 652/9 | €44,214 | €23,902 | -€20,312 | -45.9% |
| Non-recurring financial charges | 66B | €1,013,682 | - | -€1.0m | |
| Profit (loss) for the period before taxes | 9903 | €5,201,821 | €701,301 | -€4.5m | -86.5% |
| Income taxes | 67/77 | €1,669,341 | €104,911 | -€1.6m | -93.7% |
| Taxes | 670/3 | €1,669,341 | €178,219 | -€1.5m | -89.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €73,308 | +€73,308 | |
| Profit (loss) for the period | 9904 | €3,532,480 | €596,390 | -€2.9m | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,532,480 | €596,390 | -€2.9m | -83.1% |
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.