Engineering 4 Building: what changed
Engineering 4 Building
Largest movements
- Cash +€137,393
up €137,393 (+468%), from €29,370 to €166,763
mainly Trade debts (+€89,632) and Stocks and contracts (+€34,616)
- Receivables within one year +€56,602
up €56,602 (+58.0%), from €97,572 to €154,174
of which Other amounts receivable: +€33,173
- Stocks and contracts -€34,616
down €34,616 (-58.1%), from €59,616 to €25,000
of which Contracts in progress: -€34,616
- Tangible fixed assets -€29,074
down €29,074 (-45.8%), from €63,534 to €34,461
of which Assets under construction and advance payments: -€20,500
- Intangible fixed assets +€16,400
new in 2025: €16,400
- Trade debts +€89,632
up €89,632 (+178%), from €50,481 to €140,113
- Short-term financial debts +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Tax, wage and social debts +€24,150
up €24,150 (+73.8%), from €32,715 to €56,865
of which Taxes: +€36,146
- Profit (loss) carried forward +€22,075
up €22,075 (+157%), from €14,051 to €36,126
- Other debts -€8,555
no longer reported in 2025 (was €8,555)
- Gross operating margin +€73,004
up €73,004 (+42.4%), from €172,102 to €245,106
- Staff costs +€28,011
up €28,011 (+17.3%), from €161,961 to €189,972
- Taxes +€5,731
up €5,731 (+7,033%), from €81 to €5,812
- Depreciation +€5,658
up €5,658 (+48.9%), from €11,581 to €17,240
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,623 | €407,988 | +€150,365 | +58.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €63,534 | €50,861 | -€12,674 | -19.9% |
| Intangible fixed assets | 21 | - | €16,400 | +€16,400 | |
| Tangible fixed assets | 22/27 | €63,534 | €34,461 | -€29,074 | -45.8% |
| Plant, machinery and equipment | 23 | €18,435 | €15,027 | -€3,408 | -18.5% |
| Furniture and vehicles | 24 | €8,275 | €6,070 | -€2,205 | -26.6% |
| Other tangible fixed assets | 26 | €16,324 | €13,363 | -€2,961 | -18.1% |
| Assets under construction and advance payments | 27 | €20,500 | €0 | -€20,500 | -100% |
| Current assets | 29/58 | €194,089 | €357,127 | +€163,038 | +84.0% |
| Stocks and contracts in progress | 3 | €59,616 | €25,000 | -€34,616 | -58.1% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | €34,616 | €0 | -€34,616 | -100% |
| Amounts receivable within one year | 40/41 | €97,572 | €154,174 | +€56,602 | +58.0% |
| Trade receivables | 40 | €94,510 | €117,939 | +€23,429 | +24.8% |
| Other amounts receivable | 41 | €3,061 | €36,235 | +€33,173 | +1,084% |
| Cash at bank and in hand | 54/58 | €29,370 | €166,763 | +€137,393 | +468% |
| Deferred charges and accrued income | 490/1 | €7,531 | €11,191 | +€3,660 | +48.6% |
| Total equity and liabilities | 10/49 | €257,623 | €407,988 | +€150,365 | +58.4% |
| Equity | 10/15 | €32,851 | €54,926 | +€22,075 | +67.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Legal reserve | 130 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,051 | €36,126 | +€22,075 | +157% |
| Amounts payable | 17/49 | €224,772 | €353,062 | +€128,290 | +57.1% |
| Amounts payable after more than one year | 17 | €28,085 | €24,578 | -€3,506 | -12.5% |
| Financial debts | 170/4 | €28,085 | €24,578 | -€3,506 | -12.5% |
| Amounts payable within one year | 42/48 | €195,187 | €325,484 | +€130,296 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | €3,437 | €3,506 | +€69 | +2.0% |
| Financial debts | 43 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Trade debts | 44 | €50,481 | €140,113 | +€89,632 | +178% |
| Suppliers | 440/4 | €50,481 | €140,113 | +€89,632 | +178% |
| Taxes, remuneration and social security | 45 | €32,715 | €56,865 | +€24,150 | +73.8% |
| Taxes | 450/3 | €11,040 | €47,186 | +€36,146 | +327% |
| Remuneration and social security | 454/9 | €21,675 | €9,678 | -€11,997 | -55.3% |
| Other amounts payable | 47/48 | €8,555 | - | -€8,555 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €3,000 | +€1,500 | +100% |
| Remuneration, social security and pensions | 62 | €161,961 | €189,972 | +€28,011 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,581 | €17,240 | +€5,658 | +48.9% |
| Other operating charges | 640/8 | €2,633 | €1,907 | -€725 | -27.6% |
| Gross operating margin | 9900 | €172,102 | €245,106 | +€73,004 | +42.4% |
| Operating profit (loss) | 9901 | -€4,073 | €35,987 | +€40,060 | |
| Financial income | 75/76B | €379 | €66 | -€313 | -82.6% |
| Recurring financial income | 75 | €379 | €66 | -€313 | -82.6% |
| Financial charges | 65/66B | €9,180 | €8,165 | -€1,015 | -11.1% |
| Recurring financial charges | 65 | €9,180 | €8,165 | -€1,015 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,874 | €27,887 | +€40,761 | |
| Income taxes | 67/77 | €81 | €5,812 | +€5,731 | +7,033% |
| Profit (loss) for the period | 9904 | -€12,955 | €22,075 | +€35,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,955 | €22,075 | +€35,030 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.