ENGINEERING, MANAGEMENT, CONSULTING, EN CONTRACTING: what changed
ENGINEERING, MANAGEMENT, CONSULTING, EN CONTRACTING
Largest movements
- Cash +€64,226
up €64,226 (+15.4%), from €416,747 to €480,973
mainly Depreciation (+€43,519) and Receivables within one year (+€25,519)
- Receivables within one year -€25,519
no longer reported in 2025 (was €25,519)
of which Trade receivables: -€25,410
- Tangible fixed assets -€23,660
down €23,660 (-17.4%), from €135,975 to €112,315
of which Furniture and vehicles: -€13,505
- Profit (loss) carried forward +€27,555
up €27,555 (+14.9%), from €185,061 to €212,616
- Reserves -€11,348
down €11,348 (-11.8%), from €96,041 to €84,693
of which Tax-exempt reserves: -€11,348
- Tax, wage and social debts +€7,120
up €7,120 (+289%), from €2,461 to €9,582
- Gross operating margin +€33,853
up €33,853 (+137%), from €24,688 to €58,542
- Taxes +€3,650
new in 2025: €3,650
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 | €578,291 | €593,338 | +€15,047 | +2.6% |
| Fixed assets | 21/28 | €136,025 | €112,365 | -€23,660 | -17.4% |
| Tangible fixed assets | 22/27 | €135,975 | €112,315 | -€23,660 | -17.4% |
| Land and buildings | 22 | €88,800 | €78,645 | -€10,155 | -11.4% |
| Furniture and vehicles | 24 | €47,175 | €33,670 | -€13,505 | -28.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €442,266 | €480,973 | +€38,707 | +8.8% |
| Amounts receivable within one year | 40/41 | €25,519 | - | -€25,519 | |
| Trade receivables | 40 | €25,410 | - | -€25,410 | |
| Other amounts receivable | 41 | €109 | - | -€109 | |
| Cash at bank and in hand | 54/58 | €416,747 | €480,973 | +€64,226 | +15.4% |
| Total equity and liabilities | 10/49 | €578,291 | €593,338 | +€15,047 | +2.6% |
| Equity | 10/15 | €541,076 | €557,282 | +€16,207 | +3.0% |
| Contributions | 10/11 | €259,973 | €259,973 | = | 0.0% |
| Reserves | 13 | €96,041 | €84,693 | -€11,348 | -11.8% |
| Non-distributable reserves | 130/1 | €25,997 | €25,997 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,997 | €25,997 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,044 | €22,696 | -€11,348 | -33.3% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,061 | €212,616 | +€27,555 | +14.9% |
| Provisions and deferred taxes | 16 | €17,530 | €11,687 | -€5,843 | -33.3% |
| Deferred taxes | 168 | €17,530 | €11,687 | -€5,843 | -33.3% |
| Amounts payable | 17/49 | €19,685 | €24,369 | +€4,684 | +23.8% |
| Amounts payable within one year | 42/48 | €19,685 | €24,369 | +€4,684 | +23.8% |
| Trade debts | 44 | €142 | €5 | -€137 | -96.5% |
| Suppliers | 440/4 | €142 | €5 | -€137 | -96.5% |
| Taxes, remuneration and social security | 45 | €2,461 | €9,582 | +€7,120 | +289% |
| Taxes | 450/3 | €2,461 | €9,582 | +€7,120 | +289% |
| Other amounts payable | 47/48 | €17,082 | €14,782 | -€2,299 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,105 | €43,519 | +€414 | +1.0% |
| Other operating charges | 640/8 | €799 | €881 | +€82 | +10.3% |
| Gross operating margin | 9900 | €24,688 | €58,542 | +€33,853 | +137% |
| Operating profit (loss) | 9901 | -€19,216 | €14,142 | +€33,357 | |
| Financial charges | 65/66B | €75 | €128 | +€54 | +71.8% |
| Recurring financial charges | 65 | €75 | €128 | +€54 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,291 | €14,013 | +€33,304 | |
| Transfer from deferred taxes | 780 | €5,843 | €5,843 | = | 0.0% |
| Income taxes | 67/77 | - | €3,650 | +€3,650 | |
| Profit (loss) for the period | 9904 | -€13,447 | €16,207 | +€29,654 | |
| Transfer from tax-exempt reserves | 789 | €11,348 | €11,348 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,099 | €27,555 | +€29,654 |
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.