Design, Engineering & Consulting: 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.
Design, Engineering & Consulting
Largest movements
- Current investments +€2.4m
new in 2025: €2.4m
- Cash -€1.9m
down €1.9m (-89.1%), from €2.1m to €230,354
mainly Current investments (-€2.4m) and Advances received (-€1.4m)
- Receivables within one year -€702,309
down €702,309 (-18.2%), from €3.9m to €3.1m
of which Trade receivables: -€539,056
- Advances received -€1.4m
down €1.4m (-78.5%), from €1.7m to €375,073
- Other debts +€674,441
up €674,441 (+266577.5%), from €253 to €674,694
- Trade debts +€522,043
up €522,043 (+34.4%), from €1.5m to €2.0m
- Gross operating margin +€620,484
up €620,484 (+38.2%), from €1.6m to €2.2m
- Write-downs +€116,225
up €116,225 (+309.1%), from €37,600 to €153,825
- Staff costs +€113,484
up €113,484 (+8.3%), from €1.4m to €1.5m
- Taxes +€52,047
up €52,047 (+2526.6%), from €2,060 to €54,107
- Financial charges +€31,581
up €31,581 (+26.7%), from €118,199 to €149,780
of which Financial charges: +€44,780
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 | €6,172,022 | €5,995,752 | -€176,270 | -2.9% |
| Fixed assets | 21/28 | €172,800 | €200,298 | +€27,498 | +15.9% |
| Intangible fixed assets | 21 | €585 | €390 | -€195 | -33.3% |
| Tangible fixed assets | 22/27 | €159,958 | €187,908 | +€27,950 | +17.5% |
| Land and buildings | 22 | €13,193 | €11,049 | -€2,144 | -16.3% |
| Plant, machinery and equipment | 23 | €3,660 | €2,913 | -€747 | -20.4% |
| Furniture and vehicles | 24 | €143,105 | €173,946 | +€30,841 | +21.6% |
| Financial fixed assets | 28 | €12,257 | €12,000 | -€257 | -2.1% |
| Current assets | 29/58 | €5,999,222 | €5,795,454 | -€203,768 | -3.4% |
| Amounts receivable within one year | 40/41 | €3,852,257 | €3,149,948 | -€702,309 | -18.2% |
| Trade receivables | 40 | €2,466,892 | €1,927,836 | -€539,056 | -21.9% |
| Other amounts receivable | 41 | €1,385,365 | €1,222,112 | -€163,253 | -11.8% |
| Current investments | 50/53 | - | €2,350,000 | +€2.4m | |
| Cash at bank and in hand | 54/58 | €2,121,224 | €230,354 | -€1.9m | -89.1% |
| Deferred charges and accrued income | 490/1 | €25,741 | €65,152 | +€39,411 | +153.1% |
| Total equity and liabilities | 10/49 | €6,172,022 | €5,995,752 | -€176,270 | -2.9% |
| Equity | 10/15 | €2,178,788 | €2,180,847 | +€2,059 | +0.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,678,788 | €1,680,847 | +€2,059 | +0.1% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,628,788 | €1,630,847 | +€2,059 | +0.1% |
| Amounts payable | 17/49 | €3,993,234 | €3,814,905 | -€178,329 | -4.5% |
| Amounts payable within one year | 42/48 | €3,993,159 | €3,814,761 | -€178,398 | -4.5% |
| Trade debts | 44 | €1,515,887 | €2,037,930 | +€522,043 | +34.4% |
| Suppliers | 440/4 | €1,515,887 | €2,037,930 | +€522,043 | +34.4% |
| Advances received on contracts in progress | 46 | €1,741,631 | €375,073 | -€1.4m | -78.5% |
| Taxes, remuneration and social security | 45 | €735,388 | €727,064 | -€8,324 | -1.1% |
| Taxes | 450/3 | €545,444 | €524,204 | -€21,240 | -3.9% |
| Remuneration and social security | 454/9 | €189,944 | €202,860 | +€12,916 | +6.8% |
| Other amounts payable | 47/48 | €253 | €674,694 | +€674,441 | +266577.5% |
| Accrued charges and deferred income | 492/3 | €75 | €144 | +€69 | +92.0% |
| Remuneration, social security and pensions | 62 | €1,365,671 | €1,479,155 | +€113,484 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,370 | €76,432 | +€5,062 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,600 | €153,825 | +€116,225 | +309.1% |
| Other operating charges | 640/8 | €14,119 | €29,068 | +€14,949 | +105.9% |
| Gross operating margin | 9900 | €1,624,899 | €2,245,383 | +€620,484 | +38.2% |
| Operating profit (loss) | 9901 | €136,139 | €506,903 | +€370,764 | +272.3% |
| Financial income | 75/76B | €57,299 | €49,043 | -€8,256 | -14.4% |
| Recurring financial income | 75 | €57,299 | €49,043 | -€8,256 | -14.4% |
| Financial charges | 65/66B | €118,199 | €149,780 | +€31,581 | +26.7% |
| Recurring financial charges | 65 | €105,000 | €149,780 | +€44,780 | +42.6% |
| Non-recurring financial charges | 66B | €13,199 | - | -€13,199 | |
| Profit (loss) for the period before taxes | 9903 | €75,239 | €406,166 | +€330,927 | +439.8% |
| Income taxes | 67/77 | €2,060 | €54,107 | +€52,047 | +2526.6% |
| Profit (loss) for the period | 9904 | €73,179 | €352,059 | +€278,880 | +381.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,179 | €352,059 | +€278,880 | +381.1% |
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 3 October 2026 via checked.be.