All Engineering Projects: 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.
All Engineering Projects
Largest movements
- Cash +€47,439
up €47,439 (+55.2%), from €85,868 to €133,307
mainly Net result for the year (+€23,250) and Receivables within one year (+€20,433)
- Tangible fixed assets -€25,661
down €25,661 (-52.7%), from €48,722 to €23,061
of which Plant, machinery and equipment: -€22,719
- Receivables within one year -€20,433
down €20,433 (-57.4%), from €35,571 to €15,138
of which Trade receivables: -€26,120
- Current investments +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Stocks and contracts +€7,500
new in 2025: €7,500
- Reserves +€23,250
up €23,250 (+13.8%), from €168,068 to €191,318
- Other debts +€12,092
up €12,092 (+39.0%), from €30,981 to €43,073
- Tax, wage and social debts -€5,803
down €5,803 (-35.9%), from €16,182 to €10,380
- Gross operating margin -€34,425
down €34,425 (-41.7%), from €82,506 to €48,080
- Taxes -€8,999
down €8,999 (-50.5%), from €17,812 to €8,813
- Depreciation -€4,876
down €4,876 (-29.9%), from €16,311 to €11,436
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 | €226,134 | €256,937 | +€30,803 | +13.6% |
| Fixed assets | 21/28 | €48,722 | €23,061 | -€25,661 | -52.7% |
| Tangible fixed assets | 22/27 | €48,722 | €23,061 | -€25,661 | -52.7% |
| Plant, machinery and equipment | 23 | €37,310 | €14,591 | -€22,719 | -60.9% |
| Furniture and vehicles | 24 | €11,411 | €8,470 | -€2,941 | -25.8% |
| Current assets | 29/58 | €177,413 | €233,877 | +€56,464 | +31.8% |
| Stocks and contracts in progress | 3 | - | €7,500 | +€7,500 | |
| Contracts in progress | 37 | - | €7,500 | +€7,500 | |
| Amounts receivable within one year | 40/41 | €35,571 | €15,138 | -€20,433 | -57.4% |
| Trade receivables | 40 | €35,571 | €9,451 | -€26,120 | -73.4% |
| Other amounts receivable | 41 | - | €5,687 | +€5,687 | |
| Current investments | 50/53 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €85,868 | €133,307 | +€47,439 | +55.2% |
| Deferred charges and accrued income | 490/1 | €5,974 | €7,932 | +€1,958 | +32.8% |
| Total equity and liabilities | 10/49 | €226,134 | €256,937 | +€30,803 | +13.6% |
| Equity | 10/15 | €170,568 | €193,818 | +€23,250 | +13.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €168,068 | €191,318 | +€23,250 | +13.8% |
| Distributable reserves | 133 | €168,068 | €191,318 | +€23,250 | +13.8% |
| Amounts payable | 17/49 | €55,567 | €63,119 | +€7,553 | +13.6% |
| Amounts payable within one year | 42/48 | €54,115 | €61,009 | +€6,894 | +12.7% |
| Trade debts | 44 | €6,952 | €7,556 | +€604 | +8.7% |
| Suppliers | 440/4 | €6,952 | €7,556 | +€604 | +8.7% |
| Taxes, remuneration and social security | 45 | €16,182 | €10,380 | -€5,803 | -35.9% |
| Taxes | 450/3 | €16,182 | €10,380 | -€5,803 | -35.9% |
| Other amounts payable | 47/48 | €30,981 | €43,073 | +€12,092 | +39.0% |
| Accrued charges and deferred income | 492/3 | €1,452 | €2,111 | +€659 | +45.4% |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,311 | €11,436 | -€4,876 | -29.9% |
| Other operating charges | 640/8 | €767 | €831 | +€65 | +8.4% |
| Non-recurring operating charges | 66A | - | €2,625 | +€2,625 | |
| Gross operating margin | 9900 | €82,506 | €48,080 | -€34,425 | -41.7% |
| Operating profit (loss) | 9901 | €65,428 | €33,188 | -€32,239 | -49.3% |
| Financial income | 75/76B | €974 | €1,070 | +€96 | +9.8% |
| Recurring financial income | 75 | €974 | €1,070 | +€96 | +9.8% |
| Financial charges | 65/66B | €1,539 | €2,195 | +€656 | +42.6% |
| Recurring financial charges | 65 | €1,539 | €2,195 | +€656 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €64,863 | €32,063 | -€32,800 | -50.6% |
| Income taxes | 67/77 | €17,812 | €8,813 | -€8,999 | -50.5% |
| Profit (loss) for the period | 9904 | €47,051 | €23,250 | -€23,801 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,051 | €23,250 | -€23,801 | -50.6% |
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 22 October 2026 via checked.be.