ENGINEERING, PIPING EN 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, PIPING EN CONSULTING
Largest movements
- Current investments -€47,920
down €47,920 (-16.6%), from €289,234 to €241,314
- Tangible fixed assets -€19,431
down €19,431 (-27.0%), from €71,965 to €52,535
of which Furniture and vehicles: -€19,627
- Reserves -€56,117
down €56,117 (-11.4%), from €493,340 to €437,223
- Other debts -€6,363
down €6,363 (-41.4%), from €15,370 to €9,007
- Financial income +€20,911
up €20,911 (+609%), from €3,434 to €24,345
- Gross operating margin -€19,763
down €19,763 (-16.4%), from €120,751 to €100,988
- Financial charges +€2,115
up €2,115, from -€1,104 to €1,011
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 | €537,419 | €478,955 | -€58,464 | -10.9% |
| Fixed assets | 21/28 | €71,965 | €52,535 | -€19,431 | -27.0% |
| Tangible fixed assets | 22/27 | €71,965 | €52,535 | -€19,431 | -27.0% |
| Land and buildings | 22 | €667 | €171 | -€496 | -74.3% |
| Plant, machinery and equipment | 23 | €17 | - | -€17 | |
| Furniture and vehicles | 24 | €67,624 | €47,997 | -€19,627 | -29.0% |
| Other tangible fixed assets | 26 | €3,658 | €4,366 | +€709 | +19.4% |
| Current assets | 29/58 | €465,454 | €426,421 | -€39,033 | -8.4% |
| Amounts receivable within one year | 40/41 | €11,680 | €15,713 | +€4,034 | +34.5% |
| Trade receivables | 40 | €10,844 | €10,033 | -€811 | -7.5% |
| Other amounts receivable | 41 | €836 | €5,680 | +€4,845 | +580% |
| Current investments | 50/53 | €289,234 | €241,314 | -€47,920 | -16.6% |
| Cash at bank and in hand | 54/58 | €159,330 | €164,141 | +€4,811 | +3.0% |
| Deferred charges and accrued income | 490/1 | €5,211 | €5,252 | +€42 | +0.8% |
| Total equity and liabilities | 10/49 | €537,419 | €478,955 | -€58,464 | -10.9% |
| Equity | 10/15 | €506,159 | €450,042 | -€56,117 | -11.1% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €493,340 | €437,223 | -€56,117 | -11.4% |
| Distributable reserves | 133 | €493,340 | €437,223 | -€56,117 | -11.4% |
| Profit (loss) carried forward | 14 | €4,119 | €4,119 | = | 0.0% |
| Amounts payable | 17/49 | €31,260 | €28,913 | -€2,347 | -7.5% |
| Amounts payable within one year | 42/48 | €31,260 | €28,913 | -€2,347 | -7.5% |
| Trade debts | 44 | €695 | €531 | -€164 | -23.6% |
| Suppliers | 440/4 | €695 | €531 | -€164 | -23.6% |
| Taxes, remuneration and social security | 45 | €15,195 | €19,375 | +€4,180 | +27.5% |
| Taxes | 450/3 | €15,195 | €17,473 | +€2,279 | +15.0% |
| Remuneration and social security | 454/9 | - | €1,901 | +€1,901 | |
| Other amounts payable | 47/48 | €15,370 | €9,007 | -€6,363 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,779 | €20,949 | +€169 | +0.8% |
| Other operating charges | 640/8 | €1,102 | €1,191 | +€88 | +8.0% |
| Non-recurring operating charges | 66A | - | €17 | +€17 | |
| Gross operating margin | 9900 | €120,751 | €100,988 | -€19,763 | -16.4% |
| Operating profit (loss) | 9901 | €98,870 | €78,832 | -€20,038 | -20.3% |
| Financial income | 75/76B | €3,434 | €24,345 | +€20,911 | +609% |
| Recurring financial income | 75 | €3,434 | €24,345 | +€20,911 | +609% |
| Financial charges | 65/66B | -€1,104 | €1,011 | +€2,115 | |
| Recurring financial charges | 65 | -€1,104 | €1,011 | +€2,115 | |
| Profit (loss) for the period before taxes | 9903 | €103,407 | €102,165 | -€1,242 | -1.2% |
| Income taxes | 67/77 | €28,668 | €27,469 | -€1,199 | -4.2% |
| Profit (loss) for the period | 9904 | €74,739 | €74,696 | -€43 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,739 | €74,696 | -€43 | -0.1% |
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 31 October 2026 via checked.be.