ENGENIEUR: 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.
ENGENIEUR
Largest movements
- Receivables within one year +€30,288
up €30,288 (+44.0%), from €68,808 to €99,096
of which Trade receivables: +€32,154
- Cash -€10,756
down €10,756 (-31.9%), from €33,712 to €22,956
mainly Contributions, distributions and other (-€115,000) and Receivables within one year (-€30,288)
- Tangible fixed assets +€4,700
up €4,700 (+5.5%), from €84,798 to €89,499
of which Plant, machinery and equipment: +€5,011
- Other debts +€59,491
up €59,491 (+612%), from €9,714 to €69,205
- Reserves -€40,865
down €40,865 (-28.5%), from €143,490 to €102,625
- Tax, wage and social debts +€6,340
up €6,340 (+84.2%), from €7,533 to €13,873
- Trade debts +€4,464
up €4,464 (+117%), from €3,810 to €8,274
- Current portion of long-term debt -€3,383
down €3,383 (-65.6%), from €5,157 to €1,774
- Gross operating margin -€12,154
down €12,154 (-10.7%), from €113,673 to €101,519
- Taxes -€1,888
down €1,888 (-8.4%), from €22,395 to €20,508
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 | €190,295 | €214,502 | +€24,207 | +12.7% |
| Fixed assets | 21/28 | €84,798 | €89,499 | +€4,700 | +5.5% |
| Tangible fixed assets | 22/27 | €84,798 | €89,499 | +€4,700 | +5.5% |
| Land and buildings | 22 | €75,000 | €75,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,400 | €8,410 | +€5,011 | +147% |
| Furniture and vehicles | 24 | €6,399 | €6,088 | -€310 | -4.8% |
| Current assets | 29/58 | €105,496 | €125,003 | +€19,507 | +18.5% |
| Amounts receivable within one year | 40/41 | €68,808 | €99,096 | +€30,288 | +44.0% |
| Trade receivables | 40 | €61,249 | €93,404 | +€32,154 | +52.5% |
| Other amounts receivable | 41 | €7,559 | €5,692 | -€1,867 | -24.7% |
| Cash at bank and in hand | 54/58 | €33,712 | €22,956 | -€10,756 | -31.9% |
| Deferred charges and accrued income | 490/1 | €2,976 | €2,951 | -€25 | -0.8% |
| Total equity and liabilities | 10/49 | €190,295 | €214,502 | +€24,207 | +12.7% |
| Equity | 10/15 | €162,090 | €121,225 | -€40,865 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,490 | €102,625 | -€40,865 | -28.5% |
| Distributable reserves | 133 | €143,490 | €102,625 | -€40,865 | -28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,204 | €93,277 | +€65,072 | +231% |
| Amounts payable after more than one year | 17 | €1,774 | €0 | -€1,774 | -100% |
| Financial debts | 170/4 | €1,774 | €0 | -€1,774 | -100% |
| Amounts payable within one year | 42/48 | €26,430 | €93,277 | +€66,846 | +253% |
| Current portion of amounts payable after more than one year | 42 | €5,157 | €1,774 | -€3,383 | -65.6% |
| Financial debts | 43 | €216 | €151 | -€65 | -30.1% |
| Credit institutions | 430/8 | €216 | €151 | -€65 | -30.1% |
| Trade debts | 44 | €3,810 | €8,274 | +€4,464 | +117% |
| Suppliers | 440/4 | €3,810 | €8,274 | +€4,464 | +117% |
| Taxes, remuneration and social security | 45 | €7,533 | €13,873 | +€6,340 | +84.2% |
| Taxes | 450/3 | €7,533 | €13,873 | +€6,340 | +84.2% |
| Other amounts payable | 47/48 | €9,714 | €69,205 | +€59,491 | +612% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,091 | €3,070 | +€979 | +46.8% |
| Other operating charges | 640/8 | €442 | €456 | +€14 | +3.2% |
| Non-recurring operating charges | 66A | €1,428 | €617 | -€811 | -56.8% |
| Gross operating margin | 9900 | €113,673 | €101,519 | -€12,154 | -10.7% |
| Operating profit (loss) | 9901 | €109,713 | €97,377 | -€12,336 | -11.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,013 | €2,734 | -€278 | -9.2% |
| Recurring financial charges | 65 | €3,013 | €2,734 | -€278 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €106,700 | €94,642 | -€12,058 | -11.3% |
| Income taxes | 67/77 | €22,395 | €20,508 | -€1,888 | -8.4% |
| Profit (loss) for the period | 9904 | €84,305 | €74,135 | -€10,170 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,305 | €74,135 | -€10,170 | -12.1% |
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 23 October 2026 via checked.be.