ENGINEER CONCEPT: 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.
ENGINEER CONCEPT
Largest movements
- Tangible fixed assets +€32,634
up €32,634 (+206.4%), from €15,815 to €48,448
of which Furniture and vehicles: +€35,090
- Cash -€25,689
down €25,689 (-3.9%), from €659,801 to €634,111
mainly Investment in fixed assets (net) (-€54,913) and Contributions, distributions and other (-€50,000)
- Deferred charges and accrued income +€15,227
up €15,227 (+481.7%), from €3,161 to €18,389
- Profit (loss) carried forward +€72,219
up €72,219 (+11.3%), from €638,812 to €711,032
- Tax, wage and social debts -€27,934
down €27,934 (-22.0%), from €126,835 to €98,901
of which Taxes: -€29,501
- Other debts -€21,157
down €21,157 (-33.2%), from €63,799 to €42,642
- Gross operating margin -€244,221
down €244,221 (-25.2%), from €969,728 to €725,507
- Taxes -€62,716
down €62,716 (-62.7%), from €99,993 to €37,277
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 | €843,613 | €872,709 | +€29,096 | +3.4% |
| Fixed assets | 21/28 | €27,402 | €59,327 | +€31,925 | +116.5% |
| Intangible fixed assets | 21 | €11,588 | €10,879 | -€709 | -6.1% |
| Tangible fixed assets | 22/27 | €15,815 | €48,448 | +€32,634 | +206.4% |
| Furniture and vehicles | 24 | €13,358 | €48,448 | +€35,090 | +262.7% |
| Leasing and similar rights | 25 | €2,456 | - | -€2,456 | |
| Current assets | 29/58 | €816,211 | €813,381 | -€2,829 | -0.3% |
| Amounts receivable within one year | 40/41 | €153,249 | €160,881 | +€7,633 | +5.0% |
| Trade receivables | 40 | €142,150 | €118,159 | -€23,992 | -16.9% |
| Other amounts receivable | 41 | €11,098 | €42,723 | +€31,624 | +284.9% |
| Cash at bank and in hand | 54/58 | €659,801 | €634,111 | -€25,689 | -3.9% |
| Deferred charges and accrued income | 490/1 | €3,161 | €18,389 | +€15,227 | +481.7% |
| Total equity and liabilities | 10/49 | €843,613 | €872,709 | +€29,096 | +3.4% |
| Equity | 10/15 | €648,812 | €721,032 | +€72,219 | +11.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €638,812 | €711,032 | +€72,219 | +11.3% |
| Amounts payable | 17/49 | €194,800 | €151,677 | -€43,123 | -22.1% |
| Amounts payable within one year | 42/48 | €194,800 | €151,631 | -€43,169 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €2,022 | - | -€2,022 | |
| Trade debts | 44 | €2,144 | €10,088 | +€7,944 | +370.6% |
| Suppliers | 440/4 | €2,144 | €10,088 | +€7,944 | +370.6% |
| Taxes, remuneration and social security | 45 | €126,835 | €98,901 | -€27,934 | -22.0% |
| Taxes | 450/3 | €70,978 | €41,477 | -€29,501 | -41.6% |
| Remuneration and social security | 454/9 | €55,858 | €57,424 | +€1,566 | +2.8% |
| Other amounts payable | 47/48 | €63,799 | €42,642 | -€21,157 | -33.2% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Non-recurring operating income | 76A | - | €11,289 | +€11,289 | |
| Remuneration, social security and pensions | 62 | €538,817 | €540,679 | +€1,862 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,322 | €22,988 | -€7,335 | -24.2% |
| Other operating charges | 640/8 | €2,904 | €2,250 | -€654 | -22.5% |
| Gross operating margin | 9900 | €969,728 | €725,507 | -€244,221 | -25.2% |
| Operating profit (loss) | 9901 | €397,684 | €159,590 | -€238,094 | -59.9% |
| Financial income | 75/76B | €5 | €5 | -€0 | -2.3% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -2.3% |
| Financial charges | 65/66B | €626 | €98 | -€527 | -84.3% |
| Recurring financial charges | 65 | €626 | €98 | -€527 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €397,064 | €159,497 | -€237,567 | -59.8% |
| Income taxes | 67/77 | €99,993 | €37,277 | -€62,716 | -62.7% |
| Profit (loss) for the period | 9904 | €297,070 | €122,219 | -€174,851 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €297,070 | €122,219 | -€174,851 | -58.9% |
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 29 September 2026 via checked.be.