De² 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.
De² Engineering
Largest movements
- Cash -€41,741
down €41,741 (-31.4%), from €133,114 to €91,373
mainly Other debts (-€42,823) and Receivables within one year (-€32,970)
- Receivables within one year +€32,970
up €32,970 (+18.1%), from €181,967 to €214,937
of which Trade receivables: +€52,430
- Tangible fixed assets -€5,979
down €5,979 (-28.1%), from €21,243 to €15,264
of which Furniture and vehicles: -€8,379
- Other debts -€42,823
down €42,823 (-44.3%), from €96,647 to €53,825
- Trade debts +€18,740
up €18,740 (+79.5%), from €23,585 to €42,325
- Profit (loss) carried forward +€12,106
up €12,106 (+33.0%), from €36,738 to €48,844
- Tax, wage and social debts -€9,795
down €9,795 (-13.9%), from €70,358 to €60,563
of which Remuneration and social security: -€11,768
- Accrued charges and deferred income +€4,033
up €4,033 (+14.1%), from €28,585 to €32,618
- Gross operating margin -€111,987
down €111,987 (-18.8%), from €597,240 to €485,253
- Staff costs -€17,824
down €17,824 (-3.9%), from €457,596 to €439,771
- Taxes -€13,993
down €13,993 (-73.2%), from €19,111 to €5,117
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 | €374,079 | €357,809 | -€16,270 | -4.3% |
| Fixed assets | 21/28 | €23,209 | €17,560 | -€5,649 | -24.3% |
| Intangible fixed assets | 21 | €667 | €477 | -€190 | -28.5% |
| Tangible fixed assets | 22/27 | €21,243 | €15,264 | -€5,979 | -28.1% |
| Plant, machinery and equipment | 23 | €680 | €1,075 | +€395 | +58.1% |
| Furniture and vehicles | 24 | €20,563 | €12,184 | -€8,379 | -40.7% |
| Other tangible fixed assets | 26 | - | €2,005 | +€2,005 | |
| Financial fixed assets | 28 | €1,300 | €1,819 | +€520 | +40.0% |
| Current assets | 29/58 | €350,870 | €340,249 | -€10,621 | -3.0% |
| Amounts receivable within one year | 40/41 | €181,967 | €214,937 | +€32,970 | +18.1% |
| Trade receivables | 40 | €158,506 | €210,937 | +€52,430 | +33.1% |
| Other amounts receivable | 41 | €23,460 | €4,000 | -€19,460 | -82.9% |
| Current investments | 50/53 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €133,114 | €91,373 | -€41,741 | -31.4% |
| Deferred charges and accrued income | 490/1 | €35,789 | €32,440 | -€3,350 | -9.4% |
| Total equity and liabilities | 10/49 | €374,079 | €357,809 | -€16,270 | -4.3% |
| Equity | 10/15 | €122,738 | €134,844 | +€12,106 | +9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €76,000 | €76,000 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,738 | €48,844 | +€12,106 | +33.0% |
| Amounts payable | 17/49 | €251,341 | €222,965 | -€28,376 | -11.3% |
| Amounts payable within one year | 42/48 | €222,756 | €190,347 | -€32,409 | -14.5% |
| Financial debts | 43 | €32,166 | €33,635 | +€1,469 | +4.6% |
| Credit institutions | 430/8 | €5,062 | €0 | -€5,062 | -100.0% |
| Other loans | 439 | €27,104 | €33,635 | +€6,531 | +24.1% |
| Trade debts | 44 | €23,585 | €42,325 | +€18,740 | +79.5% |
| Suppliers | 440/4 | €23,585 | €42,325 | +€18,740 | +79.5% |
| Taxes, remuneration and social security | 45 | €70,358 | €60,563 | -€9,795 | -13.9% |
| Taxes | 450/3 | €14,628 | €16,602 | +€1,973 | +13.5% |
| Remuneration and social security | 454/9 | €55,729 | €43,961 | -€11,768 | -21.1% |
| Other amounts payable | 47/48 | €96,647 | €53,825 | -€42,823 | -44.3% |
| Accrued charges and deferred income | 492/3 | €28,585 | €32,618 | +€4,033 | +14.1% |
| Remuneration, social security and pensions | 62 | €457,596 | €439,771 | -€17,824 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,339 | €10,762 | -€2,577 | -19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,850 | €533 | -€1,318 | -71.2% |
| Other operating charges | 640/8 | €1,663 | €1,356 | -€307 | -18.4% |
| Non-recurring operating charges | 66A | - | €2,002 | +€2,002 | |
| Gross operating margin | 9900 | €597,240 | €485,253 | -€111,987 | -18.8% |
| Operating profit (loss) | 9901 | €122,793 | €30,829 | -€91,964 | -74.9% |
| Financial income | 75/76B | €95 | €772 | +€677 | +711.5% |
| Recurring financial income | 75 | €95 | €772 | +€677 | +711.5% |
| Financial charges | 65/66B | €11,515 | €14,378 | +€2,862 | +24.9% |
| Recurring financial charges | 65 | €11,515 | €14,378 | +€2,862 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €111,372 | €17,223 | -€94,149 | -84.5% |
| Income taxes | 67/77 | €19,111 | €5,117 | -€13,993 | -73.2% |
| Profit (loss) for the period | 9904 | €92,262 | €12,106 | -€80,156 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,262 | €12,106 | -€80,156 | -86.9% |
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 6 October 2026 via checked.be.