Engineering and Management Services: 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.
Engineering and Management Services
Largest movements
- Receivables within one year +€7,137
up €7,137 (+98.6%), from €7,240 to €14,377
of which Trade receivables: +€6,958
- Tangible fixed assets -€6,301
no longer reported in 2025 (was €6,301)
- Cash +€1,931
up €1,931 (+48.3%), from €3,998 to €5,928
mainly Depreciation (+€6,301) and Other debts (+€4,200)
- Other debts +€4,200
new in 2025: €4,200
- Profit (loss) carried forward -€1,616
down €1,616 (-5.2%), from -€31,218 to -€32,835
- Tax, wage and social debts +€678
up €678 (+46.4%), from €1,460 to €2,138
- Gross operating margin -€7,479
down €7,479 (-57.7%), from €12,962 to €5,482
- Taxes +€285
up €285 (+101.2%), from €282 to €567
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 | €54,637 | €57,598 | +€2,962 | +5.4% |
| Fixed assets | 21/28 | €6,301 | - | -€6,301 | |
| Tangible fixed assets | 22/27 | €6,301 | - | -€6,301 | |
| Furniture and vehicles | 24 | €6,301 | - | -€6,301 | |
| Current assets | 29/58 | €48,335 | €57,598 | +€9,263 | +19.2% |
| Amounts receivable within one year | 40/41 | €7,240 | €14,377 | +€7,137 | +98.6% |
| Trade receivables | 40 | - | €6,958 | +€6,958 | |
| Other amounts receivable | 41 | €7,240 | €7,420 | +€180 | +2.5% |
| Current investments | 50/53 | €37,098 | €37,292 | +€195 | +0.5% |
| Cash at bank and in hand | 54/58 | €3,998 | €5,928 | +€1,931 | +48.3% |
| Total equity and liabilities | 10/49 | €54,637 | €57,598 | +€2,962 | +5.4% |
| Equity | 10/15 | €52,638 | €51,022 | -€1,616 | -3.1% |
| Contributions | 10/11 | €81,197 | €81,197 | = | 0.0% |
| Capital | 10 | €81,197 | €81,197 | = | 0.0% |
| Issued capital | 100 | €93,592 | €93,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €2,659 | €2,659 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,659 | €2,659 | = | 0.0% |
| Legal reserve | 130 | €2,659 | €2,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,218 | -€32,835 | -€1,616 | -5.2% |
| Amounts payable | 17/49 | €1,999 | €6,577 | +€4,578 | +229.1% |
| Amounts payable within one year | 42/48 | €1,999 | €6,577 | +€4,578 | +229.1% |
| Trade debts | 44 | €539 | €239 | -€300 | -55.7% |
| Suppliers | 440/4 | €539 | €239 | -€300 | -55.7% |
| Taxes, remuneration and social security | 45 | €1,460 | €2,138 | +€678 | +46.4% |
| Taxes | 450/3 | €1,460 | €2,138 | +€678 | +46.4% |
| Other amounts payable | 47/48 | - | €4,200 | +€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,301 | €6,301 | = | 0.0% |
| Other operating charges | 640/8 | €372 | €358 | -€14 | -3.8% |
| Gross operating margin | 9900 | €12,962 | €5,482 | -€7,479 | -57.7% |
| Operating profit (loss) | 9901 | €6,288 | -€1,177 | -€7,465 | |
| Financial income | 75/76B | €110 | €195 | +€85 | +77.8% |
| Recurring financial income | 75 | €110 | €195 | +€85 | +77.8% |
| Financial charges | 65/66B | €40 | €67 | +€27 | +67.6% |
| Recurring financial charges | 65 | €40 | €67 | +€27 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €6,358 | -€1,049 | -€7,407 | |
| Income taxes | 67/77 | €282 | €567 | +€285 | +101.2% |
| Profit (loss) for the period | 9904 | €6,076 | -€1,616 | -€7,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,076 | -€1,616 | -€7,692 |
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.