EL 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.
EL Engineering
Largest movements
- Receivables within one year +€79,129
up €79,129 (+201%), from €39,463 to €118,592
of which Trade receivables: +€71,726
- Cash -€29,628
down €29,628 (-71.4%), from €41,469 to €11,841
mainly Receivables within one year (-€79,129) and Investment in fixed assets (net) (-€4,274)
- Tangible fixed assets +€3,519
new in 2025: €3,519
of which Plant, machinery and equipment: +€2,729
- Stocks and contracts +€2,150
up €2,150 (+121%), from €1,774 to €3,924
- Deferred charges and accrued income +€1,829
up €1,829 (+1,337%), from €137 to €1,966
- Reserves +€50,658
up €50,658 (+111%), from €45,766 to €96,424
- Tax, wage and social debts +€4,863
up €4,863 (+22.6%), from €21,557 to €26,420
of which Remuneration and social security: +€2,650
- Trade debts +€1,746
up €1,746 (+909%), from €192 to €1,939
- Gross operating margin +€11,206
up €11,206 (+17.0%), from €66,056 to €77,262
- Taxes +€3,214
up €3,214 (+18.0%), from €17,856 to €21,070
- Financial charges +€2,095
up €2,095 (+90.6%), from €2,313 to €4,408
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 | €82,843 | €139,842 | +€56,999 | +68.8% |
| Fixed assets | 21/28 | - | €3,519 | +€3,519 | |
| Tangible fixed assets | 22/27 | - | €3,519 | +€3,519 | |
| Plant, machinery and equipment | 23 | - | €2,729 | +€2,729 | |
| Furniture and vehicles | 24 | - | €790 | +€790 | |
| Current assets | 29/58 | €82,843 | €136,323 | +€53,480 | +64.6% |
| Stocks and contracts in progress | 3 | €1,774 | €3,924 | +€2,150 | +121% |
| Stocks | 30/36 | €1,774 | €3,924 | +€2,150 | +121% |
| Amounts receivable within one year | 40/41 | €39,463 | €118,592 | +€79,129 | +201% |
| Trade receivables | 40 | €39,463 | €111,189 | +€71,726 | +182% |
| Other amounts receivable | 41 | - | €7,403 | +€7,403 | |
| Cash at bank and in hand | 54/58 | €41,469 | €11,841 | -€29,628 | -71.4% |
| Deferred charges and accrued income | 490/1 | €137 | €1,966 | +€1,829 | +1,337% |
| Total equity and liabilities | 10/49 | €82,843 | €139,842 | +€56,999 | +68.8% |
| Equity | 10/15 | €60,766 | €111,424 | +€50,658 | +83.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €45,766 | €96,424 | +€50,658 | +111% |
| Distributable reserves | 133 | €45,766 | €96,424 | +€50,658 | +111% |
| Amounts payable | 17/49 | €22,077 | €28,418 | +€6,341 | +28.7% |
| Amounts payable within one year | 42/48 | €22,077 | €28,358 | +€6,281 | +28.4% |
| Trade debts | 44 | €192 | €1,939 | +€1,746 | +909% |
| Suppliers | 440/4 | €192 | €1,939 | +€1,746 | +909% |
| Taxes, remuneration and social security | 45 | €21,557 | €26,420 | +€4,863 | +22.6% |
| Taxes | 450/3 | €21,557 | €23,770 | +€2,213 | +10.3% |
| Remuneration and social security | 454/9 | - | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €328 | - | -€328 | |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €755 | +€755 | |
| Other operating charges | 640/8 | €122 | €467 | +€345 | +282% |
| Gross operating margin | 9900 | €66,056 | €77,262 | +€11,206 | +17.0% |
| Operating profit (loss) | 9901 | €65,934 | €76,040 | +€10,106 | +15.3% |
| Financial income | 75/76B | €0 | €96 | +€95 | +73,362% |
| Recurring financial income | 75 | €0 | €96 | +€95 | +73,362% |
| Financial charges | 65/66B | €2,313 | €4,408 | +€2,095 | +90.6% |
| Recurring financial charges | 65 | €2,313 | €4,408 | +€2,095 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €63,621 | €71,728 | +€8,106 | +12.7% |
| Income taxes | 67/77 | €17,856 | €21,070 | +€3,214 | +18.0% |
| Profit (loss) for the period | 9904 | €45,766 | €50,658 | +€4,892 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,766 | €50,658 | +€4,892 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.