E² 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.
E² ENGINEERING
Largest movements
- Receivables within one year -€142,423
down €142,423 (-58.9%), from €241,618 to €99,195
of which Trade receivables: -€157,134
- Cash +€59,034
up €59,034 (+2,680%), from €2,203 to €61,237
mainly Receivables within one year (+€142,423) and Stocks and contracts (+€55,000)
- Stocks and contracts -€55,000
no longer reported in 2025 (was €55,000)
- Deferred charges and accrued income -€21,159
down €21,159 (-85.2%), from €24,828 to €3,668
- Receivables after one year -€11,947
down €11,947 (-86.6%), from €13,800 to €1,853
- Other debts -€80,358
down €80,358 (-95.4%), from €84,222 to €3,865
- Profit (loss) carried forward -€45,580
down €45,580 (-24.5%), from €186,006 to €140,426
- Trade debts -€43,362
down €43,362 (-69.1%), from €62,708 to €19,346
- Tax, wage and social debts -€11,707
down €11,707 (-56.8%), from €20,597 to €8,891
of which Taxes: -€16,649
- Gross operating margin -€27,755
down €27,755 (-42.9%), from €64,662 to €36,907
- Taxes +€15,892
up €15,892 (+142%), from €11,160 to €27,052
- Staff costs +€4,798
up €4,798 (+11.8%), from €40,813 to €45,611
- Other operating charges +€3,693
up €3,693 (+926%), from €399 to €4,093
- Financial charges +€1,489
up €1,489 (+316%), from €471 to €1,960
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 | €375,534 | €194,527 | -€181,007 | -48.2% |
| Fixed assets | 21/28 | €38,086 | €28,574 | -€9,512 | -25.0% |
| Tangible fixed assets | 22/27 | €38,086 | €28,574 | -€9,512 | -25.0% |
| Land and buildings | 22 | €22,814 | €21,874 | -€941 | -4.1% |
| Plant, machinery and equipment | 23 | €1,952 | €4,474 | +€2,522 | +129% |
| Furniture and vehicles | 24 | €13,319 | €2,226 | -€11,093 | -83.3% |
| Current assets | 29/58 | €337,448 | €165,954 | -€171,495 | -50.8% |
| Amounts receivable after more than one year | 29 | €13,800 | €1,853 | -€11,947 | -86.6% |
| Other amounts receivable | 291 | €13,800 | €1,853 | -€11,947 | -86.6% |
| Stocks and contracts in progress | 3 | €55,000 | - | -€55,000 | |
| Contracts in progress | 37 | €55,000 | - | -€55,000 | |
| Amounts receivable within one year | 40/41 | €241,618 | €99,195 | -€142,423 | -58.9% |
| Trade receivables | 40 | €196,618 | €39,484 | -€157,134 | -79.9% |
| Other amounts receivable | 41 | €45,000 | €59,711 | +€14,711 | +32.7% |
| Cash at bank and in hand | 54/58 | €2,203 | €61,237 | +€59,034 | +2,680% |
| Deferred charges and accrued income | 490/1 | €24,828 | €3,668 | -€21,159 | -85.2% |
| Total equity and liabilities | 10/49 | €375,534 | €194,527 | -€181,007 | -48.2% |
| Equity | 10/15 | €208,006 | €162,426 | -€45,580 | -21.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,006 | €140,426 | -€45,580 | -24.5% |
| Amounts payable | 17/49 | €167,528 | €32,101 | -€135,427 | -80.8% |
| Amounts payable within one year | 42/48 | €167,528 | €32,101 | -€135,427 | -80.8% |
| Trade debts | 44 | €62,708 | €19,346 | -€43,362 | -69.1% |
| Suppliers | 440/4 | €62,708 | €19,346 | -€43,362 | -69.1% |
| Taxes, remuneration and social security | 45 | €20,597 | €8,891 | -€11,707 | -56.8% |
| Taxes | 450/3 | €16,649 | - | -€16,649 | |
| Remuneration and social security | 454/9 | €3,949 | €8,891 | +€4,942 | +125% |
| Other amounts payable | 47/48 | €84,222 | €3,865 | -€80,358 | -95.4% |
| Remuneration, social security and pensions | 62 | €40,813 | €45,611 | +€4,798 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,113 | €3,886 | -€226 | -5.5% |
| Other operating charges | 640/8 | €399 | €4,093 | +€3,693 | +926% |
| Gross operating margin | 9900 | €64,662 | €36,907 | -€27,755 | -42.9% |
| Operating profit (loss) | 9901 | €19,337 | -€16,683 | -€36,020 | |
| Financial income | 75/76B | €197 | €116 | -€81 | -41.3% |
| Recurring financial income | 75 | €197 | €116 | -€81 | -41.3% |
| Financial charges | 65/66B | €471 | €1,960 | +€1,489 | +316% |
| Recurring financial charges | 65 | €471 | €1,960 | +€1,489 | +316% |
| Profit (loss) for the period before taxes | 9903 | €19,063 | -€18,528 | -€37,591 | |
| Income taxes | 67/77 | €11,160 | €27,052 | +€15,892 | +142% |
| Profit (loss) for the period | 9904 | €7,903 | -€45,580 | -€53,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,903 | -€45,580 | -€53,483 |
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 15 October 2026 via checked.be.