ENGINEERING FIRST: 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 FIRST
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€265
new in 2023: -€265
From the 2022 result to the 2023 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,183 | €420,334 | +€151 | 0.0% |
| Fixed assets | 21/28 | €350,968 | €350,968 | = | 0.0% |
| Tangible fixed assets | 22/27 | €350,968 | €350,968 | = | 0.0% |
| Land and buildings | 22 | €350,968 | €350,968 | = | 0.0% |
| Current assets | 29/58 | €69,215 | €69,366 | +€151 | +0.2% |
| Amounts receivable within one year | 40/41 | €69,205 | €69,205 | = | 0.0% |
| Trade receivables | 40 | €12,457 | €12,457 | = | 0.0% |
| Other amounts receivable | 41 | €56,748 | €56,748 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €151 | +€151 | |
| Deferred charges and accrued income | 490/1 | €10 | €10 | = | 0.0% |
| Total equity and liabilities | 10/49 | €420,183 | €420,334 | +€151 | 0.0% |
| Equity | 10/15 | €20,460 | €20,195 | -€265 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | - | -€265 | -€265 | |
| Amounts payable | 17/49 | €399,723 | €400,139 | +€416 | +0.1% |
| Amounts payable after more than one year | 17 | €55,147 | €55,147 | = | 0.0% |
| Financial debts | 170/4 | €55,147 | €55,147 | = | 0.0% |
| Amounts payable within one year | 42/48 | €344,576 | €344,992 | +€416 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,478 | €5,478 | = | 0.0% |
| Trade debts | 44 | - | €416 | +€416 | |
| Suppliers | 440/4 | - | €416 | +€416 | |
| Taxes, remuneration and social security | 45 | €124,745 | €124,745 | = | 0.0% |
| Taxes | 450/3 | €124,745 | €124,745 | = | 0.0% |
| Other amounts payable | 47/48 | €214,353 | €214,353 | = | 0.0% |
| Gross operating margin | 9900 | - | -€265 | -€265 | |
| Operating profit (loss) | 9901 | - | -€265 | -€265 | |
| Profit (loss) for the period before taxes | 9903 | - | -€265 | -€265 | |
| Profit (loss) for the period | 9904 | - | -€265 | -€265 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€265 | -€265 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.