Core Engineering Services: 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.
Core Engineering Services
Largest movements
- Receivables within one year +€63
up €63 (+13.4%), from €468 to €531
- Cash -€43
down €43 (-95.0%), from €46 to €2
mainly Net result for the year (-€389) and Receivables within one year (-€63)
- Other debts +€397
up €397 (+268.3%), from €148 to €545
- Profit (loss) carried forward -€389
down €389 (-12.9%), from -€3,021 to -€3,411
- Trade debts +€12
up €12 (+3.2%), from €387 to €400
- Gross operating margin +€2,334
up €2,334 (+88.2%), from -€2,647 to -€312
- Other operating charges -€309
down €309 (-82.5%), from €375 to €66
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 | €514 | €534 | +€20 | +3.8% |
| Current assets | 29/58 | €514 | €534 | +€20 | +3.8% |
| Amounts receivable within one year | 40/41 | €468 | €531 | +€63 | +13.4% |
| Other amounts receivable | 41 | €468 | €531 | +€63 | +13.4% |
| Cash at bank and in hand | 54/58 | €46 | €2 | -€43 | -95.0% |
| Total equity and liabilities | 10/49 | €514 | €534 | +€20 | +3.8% |
| Equity | 10/15 | -€21 | -€411 | -€389 | -1832.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,021 | -€3,411 | -€389 | -12.9% |
| Amounts payable | 17/49 | €535 | €944 | +€409 | +76.4% |
| Amounts payable within one year | 42/48 | €535 | €944 | +€409 | +76.4% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €148 | €545 | +€397 | +268.3% |
| Other operating charges | 640/8 | €375 | €66 | -€309 | -82.5% |
| Gross operating margin | 9900 | -€2,647 | -€312 | +€2,334 | +88.2% |
| Operating profit (loss) | 9901 | -€3,021 | -€378 | +€2,643 | +87.5% |
| Financial charges | 65/66B | - | €11 | +€11 | |
| Recurring financial charges | 65 | - | €11 | +€11 | |
| Profit (loss) for the period before taxes | 9903 | -€3,021 | -€389 | +€2,632 | +87.1% |
| Profit (loss) for the period | 9904 | -€3,021 | -€389 | +€2,632 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,021 | -€389 | +€2,632 | +87.1% |
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 8 October 2026 via checked.be.