ENGINEERING AND PROJECT CONSULTING: 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 PROJECT CONSULTING
Largest movements
- Tangible fixed assets +€11,706
up €11,706 (+835%), from €1,402 to €13,108
- Receivables within one year +€7,982
up €7,982 (+59.5%), from €13,411 to €21,393
of which Trade receivables: +€10,707
- Cash +€3,273
up €3,273 (+3.0%), from €109,819 to €113,092
mainly Net result for the year (+€25,570) and Deferred charges and accrued income (+€1,361)
- Reserves +€25,570
up €25,570 (+10.0%), from €255,804 to €281,375
- Tax, wage and social debts -€3,461
down €3,461 (-40.3%), from €8,593 to €5,133
of which Remuneration and social security: -€2,804
- Taxes +€4,579
up €4,579 (+45.9%), from €9,974 to €14,553
- Gross operating margin +€1,657
up €1,657 (+4.5%), from €36,844 to €38,501
- Financial charges -€1,251
down €1,251 (-50.0%), from €2,503 to €1,252
- Depreciation +€454
up €454 (+79.0%), from €574 to €1,028
- Financial income +€388
up €388 (+9.0%), from €4,303 to €4,692
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 | €301,386 | €322,985 | +€21,599 | +7.2% |
| Fixed assets | 21/28 | €1,402 | €13,108 | +€11,706 | +835% |
| Tangible fixed assets | 22/27 | €1,402 | €13,108 | +€11,706 | +835% |
| Furniture and vehicles | 24 | €1,402 | €13,108 | +€11,706 | +835% |
| Current assets | 29/58 | €299,984 | €309,877 | +€9,893 | +3.3% |
| Amounts receivable within one year | 40/41 | €13,411 | €21,393 | +€7,982 | +59.5% |
| Trade receivables | 40 | €10,685 | €21,393 | +€10,707 | +100% |
| Other amounts receivable | 41 | €2,726 | €0 | -€2,726 | -100% |
| Current investments | 50/53 | €174,045 | €174,045 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €109,819 | €113,092 | +€3,273 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,709 | €1,348 | -€1,361 | -50.2% |
| Total equity and liabilities | 10/49 | €301,386 | €322,985 | +€21,599 | +7.2% |
| Equity | 10/15 | €274,396 | €299,967 | +€25,570 | +9.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €255,804 | €281,375 | +€25,570 | +10.0% |
| Distributable reserves | 133 | €255,804 | €281,375 | +€25,570 | +10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,989 | €23,018 | -€3,971 | -14.7% |
| Amounts payable within one year | 42/48 | €26,265 | €23,018 | -€3,247 | -12.4% |
| Trade debts | 44 | €3,113 | €2,201 | -€912 | -29.3% |
| Suppliers | 440/4 | €3,113 | €2,201 | -€912 | -29.3% |
| Taxes, remuneration and social security | 45 | €8,593 | €5,133 | -€3,461 | -40.3% |
| Taxes | 450/3 | €5,789 | €5,133 | -€656 | -11.3% |
| Remuneration and social security | 454/9 | €2,804 | €0 | -€2,804 | -100% |
| Other amounts payable | 47/48 | €14,558 | €15,684 | +€1,126 | +7.7% |
| Accrued charges and deferred income | 492/3 | €724 | €0 | -€724 | -100% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | €1,028 | +€454 | +79.0% |
| Other operating charges | 640/8 | €809 | €790 | -€19 | -2.4% |
| Gross operating margin | 9900 | €36,844 | €38,501 | +€1,657 | +4.5% |
| Operating profit (loss) | 9901 | €35,461 | €36,683 | +€1,222 | +3.4% |
| Financial income | 75/76B | €4,303 | €4,692 | +€388 | +9.0% |
| Recurring financial income | 75 | €4,303 | €4,692 | +€388 | +9.0% |
| Financial charges | 65/66B | €2,503 | €1,252 | -€1,251 | -50.0% |
| Recurring financial charges | 65 | €2,503 | €1,252 | -€1,251 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €37,262 | €40,123 | +€2,862 | +7.7% |
| Income taxes | 67/77 | €9,974 | €14,553 | +€4,579 | +45.9% |
| Profit (loss) for the period | 9904 | €27,287 | €25,570 | -€1,717 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,287 | €25,570 | -€1,717 | -6.3% |
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 13 October 2026 via checked.be.