AS Engineering: 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.
AS Engineering
Largest movements
- Tangible fixed assets +€33,793
up €33,793 (+467%), from €7,229 to €41,022
of which Furniture and vehicles: +€34,101
- Cash +€24,859
up €24,859 (+72.2%), from €34,408 to €59,267
mainly Net result for the year (+€34,338) and Debts after one year (+€23,996)
- Receivables within one year +€14,263
up €14,263 (+824%), from €1,731 to €15,994
of which Trade receivables: +€13,133
- Intangible fixed assets -€1,621
down €1,621 (-18.0%), from €9,002 to €7,382
- Deferred charges and accrued income -€1,390
down €1,390 (-39.8%), from €3,487 to €2,098
- Debts after one year +€23,996
new in 2025: €23,996
- Profit (loss) carried forward +€19,338
up €19,338 (+44.0%), from €43,932 to €63,270
- Other debts +€12,750
new in 2025: €12,750
- Current portion of long-term debt +€6,678
new in 2025: €6,678
- Tax, wage and social debts +€4,947
up €4,947 (+78.1%), from €6,335 to €11,282
of which Taxes: +€3,247
- Gross operating margin +€10,919
up €10,919 (+25.7%), from €42,472 to €53,391
- Financial income +€4,716
new in 2025: €4,716
of which Financial income: +€4,716
- Taxes +€4,344
up €4,344 (+57.7%), from €7,524 to €11,869
- Depreciation +€3,472
up €3,472 (+51.3%), from €6,769 to €10,241
- Financial charges +€910
up €910 (+967%), from €94 to €1,005
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 | €56,221 | €126,126 | +€69,904 | +124% |
| Fixed assets | 21/28 | €16,594 | €48,766 | +€32,172 | +194% |
| Intangible fixed assets | 21 | €9,002 | €7,382 | -€1,621 | -18.0% |
| Tangible fixed assets | 22/27 | €7,229 | €41,022 | +€33,793 | +467% |
| Plant, machinery and equipment | 23 | €564 | €256 | -€308 | -54.6% |
| Furniture and vehicles | 24 | €6,665 | €40,766 | +€34,101 | +512% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €39,627 | €77,359 | +€37,732 | +95.2% |
| Amounts receivable within one year | 40/41 | €1,731 | €15,994 | +€14,263 | +824% |
| Trade receivables | 40 | €1,730 | €14,863 | +€13,133 | +759% |
| Other amounts receivable | 41 | €1 | €1,131 | +€1,130 | +81,867% |
| Cash at bank and in hand | 54/58 | €34,408 | €59,267 | +€24,859 | +72.2% |
| Deferred charges and accrued income | 490/1 | €3,487 | €2,098 | -€1,390 | -39.8% |
| Total equity and liabilities | 10/49 | €56,221 | €126,126 | +€69,904 | +124% |
| Equity | 10/15 | €48,932 | €68,270 | +€19,338 | +39.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,932 | €63,270 | +€19,338 | +44.0% |
| Amounts payable | 17/49 | €7,289 | €57,856 | +€50,566 | +694% |
| Amounts payable after more than one year | 17 | - | €23,996 | +€23,996 | |
| Financial debts | 170/4 | - | €23,996 | +€23,996 | |
| Amounts payable within one year | 42/48 | €7,289 | €32,819 | +€25,530 | +350% |
| Current portion of amounts payable after more than one year | 42 | - | €6,678 | +€6,678 | |
| Trade debts | 44 | €955 | €2,109 | +€1,155 | +121% |
| Suppliers | 440/4 | €955 | €2,109 | +€1,155 | +121% |
| Taxes, remuneration and social security | 45 | €6,335 | €11,282 | +€4,947 | +78.1% |
| Taxes | 450/3 | €6,335 | €9,582 | +€3,247 | +51.3% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | - | €12,750 | +€12,750 | |
| Accrued charges and deferred income | 492/3 | - | €1,040 | +€1,040 | |
| Remuneration, social security and pensions | 62 | €604 | - | -€604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,769 | €10,241 | +€3,472 | +51.3% |
| Other operating charges | 640/8 | €1,419 | €654 | -€765 | -53.9% |
| Gross operating margin | 9900 | €42,472 | €53,391 | +€10,919 | +25.7% |
| Operating profit (loss) | 9901 | €33,680 | €42,495 | +€8,816 | +26.2% |
| Financial income | 75/76B | - | €4,716 | +€4,716 | |
| Recurring financial income | 75 | - | €4,716 | +€4,716 | |
| Non-recurring financial income | 76B | - | €4,716 | +€4,716 | |
| Financial charges | 65/66B | €94 | €1,005 | +€910 | +967% |
| Recurring financial charges | 65 | €94 | €1,005 | +€910 | +967% |
| Profit (loss) for the period before taxes | 9903 | €33,586 | €46,207 | +€12,621 | +37.6% |
| Income taxes | 67/77 | €7,524 | €11,869 | +€4,344 | +57.7% |
| Profit (loss) for the period | 9904 | €26,061 | €34,338 | +€8,277 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,061 | €34,338 | +€8,277 | +31.8% |
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 14 October 2026 via checked.be.