Engineering, Consulting & Management: 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, Consulting & Management
Largest movements
- Cash +€25,013
up €25,013 (+531%), from €4,712 to €29,726
mainly Net result for the year (+€92,691) and Tax, wage and social debts (+€17,579)
- Tangible fixed assets -€16,430
down €16,430 (-6.6%), from €248,072 to €231,641
of which Land and buildings: -€12,049
- Profit (loss) carried forward +€65,796
up €65,796, from -€65,796 to €0
- Debts after one year -€36,861
down €36,861 (-67.1%), from €54,933 to €18,072
of which Financial debts: -€26,769
- Trade debts -€33,770
down €33,770 (-47.2%), from €71,505 to €37,736
- Other debts -€30,029
down €30,029 (-78.0%), from €38,517 to €8,488
- Reserves +€26,895
up €26,895 (+16.0%), from €168,071 to €194,966
- Gross operating margin +€39,776
up €39,776 (+40.2%), from €98,865 to €138,641
- Depreciation -€28,818
down €28,818 (-63.7%), from €45,249 to €16,430
- Staff costs -€16,902
down €16,902 (-68.2%), from €24,801 to €7,899
- Taxes +€11,935
up €11,935 (+592%), from €2,018 to €13,953
- Other operating charges -€5,398
down €5,398 (-59.5%), from €9,080 to €3,681
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 | €378,666 | €392,174 | +€13,508 | +3.6% |
| Fixed assets | 21/28 | €250,312 | €233,881 | -€16,430 | -6.6% |
| Tangible fixed assets | 22/27 | €248,072 | €231,641 | -€16,430 | -6.6% |
| Land and buildings | 22 | €241,759 | €229,710 | -€12,049 | -5.0% |
| Furniture and vehicles | 24 | €5,759 | €1,931 | -€3,828 | -66.5% |
| Other tangible fixed assets | 26 | €554 | €0 | -€554 | -100% |
| Financial fixed assets | 28 | €2,240 | €2,240 | = | 0.0% |
| Current assets | 29/58 | €128,354 | €158,293 | +€29,939 | +23.3% |
| Amounts receivable within one year | 40/41 | €117,782 | €121,031 | +€3,249 | +2.8% |
| Trade receivables | 40 | €103,806 | €121,031 | +€17,225 | +16.6% |
| Other amounts receivable | 41 | €13,976 | €0 | -€13,976 | -100% |
| Cash at bank and in hand | 54/58 | €4,712 | €29,726 | +€25,013 | +531% |
| Deferred charges and accrued income | 490/1 | €5,860 | €7,537 | +€1,677 | +28.6% |
| Total equity and liabilities | 10/49 | €378,666 | €392,174 | +€13,508 | +3.6% |
| Equity | 10/15 | €139,787 | €231,419 | +€91,632 | +65.6% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €168,071 | €194,966 | +€26,895 | +16.0% |
| Distributable reserves | 133 | €168,071 | €194,966 | +€26,895 | +16.0% |
| Profit (loss) carried forward | 14 | -€65,796 | €0 | +€65,796 | |
| Investment grants | 15 | €21,312 | €20,253 | -€1,059 | -5.0% |
| Amounts payable | 17/49 | €238,878 | €160,755 | -€78,123 | -32.7% |
| Amounts payable after more than one year | 17 | €54,933 | €18,072 | -€36,861 | -67.1% |
| Financial debts | 170/4 | €40,474 | €13,705 | -€26,769 | -66.1% |
| Other amounts payable | 178/9 | €14,459 | €4,367 | -€10,092 | -69.8% |
| Amounts payable within one year | 42/48 | €171,465 | €130,203 | -€41,262 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €35,502 | €36,861 | +€1,359 | +3.8% |
| Financial debts | 43 | €0 | €3,598 | +€3,598 | |
| Credit institutions | 430/8 | €0 | €3,598 | +€3,598 | |
| Trade debts | 44 | €71,505 | €37,736 | -€33,770 | -47.2% |
| Suppliers | 440/4 | €71,505 | €37,736 | -€33,770 | -47.2% |
| Taxes, remuneration and social security | 45 | €25,941 | €43,520 | +€17,579 | +67.8% |
| Taxes | 450/3 | €25,941 | €43,100 | +€17,159 | +66.1% |
| Remuneration and social security | 454/9 | €0 | €419 | +€419 | |
| Other amounts payable | 47/48 | €38,517 | €8,488 | -€30,029 | -78.0% |
| Accrued charges and deferred income | 492/3 | €12,480 | €12,480 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,801 | €7,899 | -€16,902 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,249 | €16,430 | -€28,818 | -63.7% |
| Other operating charges | 640/8 | €9,080 | €3,681 | -€5,398 | -59.5% |
| Gross operating margin | 9900 | €98,865 | €138,641 | +€39,776 | +40.2% |
| Operating profit (loss) | 9901 | €19,736 | €110,631 | +€90,895 | +461% |
| Financial income | 75/76B | €3,704 | €1,065 | -€2,638 | -71.2% |
| Recurring financial income | 75 | €3,704 | €1,065 | -€2,638 | -71.2% |
| Financial charges | 65/66B | €7,851 | €5,052 | -€2,799 | -35.7% |
| Recurring financial charges | 65 | €7,851 | €5,052 | -€2,799 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €15,589 | €106,644 | +€91,055 | +584% |
| Income taxes | 67/77 | €2,018 | €13,953 | +€11,935 | +592% |
| Profit (loss) for the period | 9904 | €13,571 | €92,691 | +€79,120 | +583% |
| Profit (loss) for the period to be appropriated | 9905 | €13,571 | €92,691 | +€79,120 | +583% |
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 24 October 2026 via checked.be.