ALL ENGINEERING: what changed
Two fiscal 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.
ALL ENGINEERING
Largest movements
- Intangible fixed assets -€31,219
down €31,219 (-45.1%), from €69,155 to €37,936
- Receivables within one year +€18,414
up €18,414 (+14.4%), from €127,537 to €145,950
of which Other amounts receivable: +€15,121
- Cash -€9,112
down €9,112 (-4.5%), from €200,985 to €191,873
mainly Accrued charges and deferred income (-€55,000) and Contributions, distributions and other (-€21,653)
- Accrued charges and deferred income -€55,000
no longer reported in 2025 (was €55,000)
- Profit (loss) carried forward +€33,338
up €33,338 (+122.3%), from €27,262 to €60,600
- Investment grants -€21,653
down €21,653 (-50.0%), from €43,305 to €21,653
- Trade debts +€14,928
up €14,928 (+42.1%), from €35,501 to €50,429
- Tax, wage and social debts +€6,941
up €6,941 (+22.6%), from €30,701 to €37,642
of which Taxes: +€4,395
- Gross operating margin +€36,923
up €36,923 (+23.8%), from €155,009 to €191,932
- Staff costs +€25,160
up €25,160 (+26.2%), from €95,993 to €121,153
- Depreciation +€3,557
up €3,557 (+7.3%), from €48,519 to €52,076
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.
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 | €436,035 | €414,496 | -€21,539 | -4.9% |
| Fixed assets | 21/28 | €105,519 | €71,643 | -€33,876 | -32.1% |
| Intangible fixed assets | 21 | €69,155 | €37,936 | -€31,219 | -45.1% |
| Tangible fixed assets | 22/27 | €36,365 | €33,707 | -€2,657 | -7.3% |
| Plant, machinery and equipment | 23 | €24,072 | €13,471 | -€10,601 | -44.0% |
| Furniture and vehicles | 24 | €12,293 | €20,236 | +€7,943 | +64.6% |
| Current assets | 29/58 | €330,516 | €342,853 | +€12,337 | +3.7% |
| Stocks and contracts in progress | 3 | €1,224 | - | -€1,224 | |
| Stocks | 30/36 | €1,224 | - | -€1,224 | |
| Amounts receivable within one year | 40/41 | €127,537 | €145,950 | +€18,414 | +14.4% |
| Trade receivables | 40 | €117,500 | €120,793 | +€3,293 | +2.8% |
| Other amounts receivable | 41 | €10,036 | €25,157 | +€15,121 | +150.7% |
| Cash at bank and in hand | 54/58 | €200,985 | €191,873 | -€9,112 | -4.5% |
| Deferred charges and accrued income | 490/1 | €771 | €5,030 | +€4,259 | +552.5% |
| Total equity and liabilities | 10/49 | €436,035 | €414,496 | -€21,539 | -4.9% |
| Equity | 10/15 | €85,567 | €97,253 | +€11,685 | +13.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,262 | €60,600 | +€33,338 | +122.3% |
| Investment grants | 15 | €43,305 | €21,653 | -€21,653 | -50.0% |
| Amounts payable | 17/49 | €350,468 | €317,244 | -€33,224 | -9.5% |
| Amounts payable within one year | 42/48 | €295,468 | €317,244 | +€21,776 | +7.4% |
| Trade debts | 44 | €35,501 | €50,429 | +€14,928 | +42.1% |
| Suppliers | 440/4 | €35,501 | €50,429 | +€14,928 | +42.1% |
| Taxes, remuneration and social security | 45 | €30,701 | €37,642 | +€6,941 | +22.6% |
| Taxes | 450/3 | €8,502 | €12,897 | +€4,395 | +51.7% |
| Remuneration and social security | 454/9 | €22,200 | €24,746 | +€2,546 | +11.5% |
| Other amounts payable | 47/48 | €229,266 | €229,173 | -€93 | 0.0% |
| Accrued charges and deferred income | 492/3 | €55,000 | - | -€55,000 | |
| Remuneration, social security and pensions | 62 | €95,993 | €121,153 | +€25,160 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,519 | €52,076 | +€3,557 | +7.3% |
| Other operating charges | 640/8 | €1,330 | €1,881 | +€551 | +41.4% |
| Gross operating margin | 9900 | €155,009 | €191,932 | +€36,923 | +23.8% |
| Operating profit (loss) | 9901 | €9,167 | €16,822 | +€7,655 | +83.5% |
| Financial income | 75/76B | €21,879 | €21,842 | -€38 | -0.2% |
| Recurring financial income | 75 | €21,879 | €21,842 | -€38 | -0.2% |
| Financial charges | 65/66B | €123 | €56 | -€67 | -54.6% |
| Recurring financial charges | 65 | €123 | €56 | -€67 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €30,923 | €38,607 | +€7,684 | +24.8% |
| Income taxes | 67/77 | €3,661 | €5,270 | +€1,609 | +44.0% |
| Profit (loss) for the period | 9904 | €27,262 | €33,338 | +€6,075 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,262 | €33,338 | +€6,075 | +22.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.