ENG&OP: 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.
ENG&OP
Largest movements
- Current investments -€69,974
down €69,974 (-100.0%), from €69,974 to €0
- Cash +€36,968
up €36,968 (+43.2%), from €85,670 to €122,639
mainly Current investments (+€69,974) and Other debts (+€51,854)
- Receivables within one year -€25,101
down €25,101 (-58.2%), from €43,146 to €18,045
of which Trade receivables: -€40,798
- Tangible fixed assets -€14,622
down €14,622 (-100.0%), from €14,622 to €0
of which Land and buildings: -€11,607
- Profit (loss) carried forward -€133,029
down €133,029 (-97.2%), from €136,905 to €3,876
- Other debts +€51,854
up €51,854 (+113.9%), from €45,531 to €97,385
- Tax, wage and social debts +€7,265
up €7,265 (+61.9%), from €11,740 to €19,005
of which Taxes: +€7,265
- Turnover -€99,592
down €99,592 (-51.1%), from €194,857 to €95,266
- Gross operating margin -€79,566
down €79,566, from €67,332 to -€12,234
- Purchases and services +€15,673
up €15,673 (+10.9%), from €143,996 to €159,669
- Taxes -€12,718
down €12,718 (-98.9%), from €12,854 to €137
- Depreciation +€8,293
up €8,293 (+131.0%), from €6,329 to €14,622
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 | €214,856 | €140,726 | -€74,130 | -34.5% |
| Fixed assets | 21/28 | €14,664 | €42 | -€14,622 | -99.7% |
| Tangible fixed assets | 22/27 | €14,622 | €0 | -€14,622 | -100.0% |
| Land and buildings | 22 | €11,607 | €0 | -€11,607 | -100.0% |
| Furniture and vehicles | 24 | €3,015 | €0 | -€3,015 | -100.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €200,191 | €140,683 | -€59,508 | -29.7% |
| Amounts receivable within one year | 40/41 | €43,146 | €18,045 | -€25,101 | -58.2% |
| Trade receivables | 40 | €40,798 | €0 | -€40,798 | -100.0% |
| Other amounts receivable | 41 | €2,348 | €18,045 | +€15,697 | +668.5% |
| Current investments | 50/53 | €69,974 | €0 | -€69,974 | -100.0% |
| Cash at bank and in hand | 54/58 | €85,670 | €122,639 | +€36,968 | +43.2% |
| Deferred charges and accrued income | 490/1 | €1,401 | €0 | -€1,401 | -100.0% |
| Total equity and liabilities | 10/49 | €214,856 | €140,726 | -€74,130 | -34.5% |
| Equity | 10/15 | €157,365 | €24,336 | -€133,029 | -84.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,905 | €3,876 | -€133,029 | -97.2% |
| Amounts payable | 17/49 | €57,491 | €116,390 | +€58,899 | +102.4% |
| Amounts payable within one year | 42/48 | €57,491 | €116,390 | +€58,899 | +102.4% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €220 | €0 | -€220 | -100.0% |
| Suppliers | 440/4 | €220 | €0 | -€220 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,740 | €19,005 | +€7,265 | +61.9% |
| Taxes | 450/3 | €11,740 | €19,005 | +€7,265 | +61.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €45,531 | €97,385 | +€51,854 | +113.9% |
| Turnover | 70 | €194,857 | €95,266 | -€99,592 | -51.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €143,996 | €159,669 | +€15,673 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,329 | €14,622 | +€8,293 | +131.0% |
| Other operating charges | 640/8 | €206 | €164 | -€41 | -20.1% |
| Gross operating margin | 9900 | €67,332 | -€12,234 | -€79,566 | |
| Operating profit (loss) | 9901 | €60,797 | -€27,020 | -€87,817 | |
| Financial income | 75/76B | €1,571 | €2,806 | +€1,235 | +78.6% |
| Recurring financial income | 75 | €1,571 | €2,806 | +€1,235 | +78.6% |
| Financial charges | 65/66B | €1,601 | €1,678 | +€77 | +4.8% |
| Recurring financial charges | 65 | €1,601 | €1,678 | +€77 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €60,767 | -€25,892 | -€86,659 | |
| Income taxes | 67/77 | €12,854 | €137 | -€12,718 | -98.9% |
| Profit (loss) for the period | 9904 | €47,913 | -€26,029 | -€73,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,913 | -€26,029 | -€73,942 |
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 10 October 2026 via checked.be.