ENGINEERING & SERVICES: what changed
Two fiscal 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 & SERVICES
Largest movements
- Tangible fixed assets -€36,934
down €36,934 (-8.2%), from €448,847 to €411,913
of which Land and buildings: -€31,500
- Debts after one year -€66,050
down €66,050 (-23.4%), from €281,802 to €215,753
- Accrued charges and deferred income +€23,873
new in 2025: €23,873
- Trade debts -€15,106
down €15,106 (-51.8%), from €29,158 to €14,052
- Current portion of long-term debt +€11,510
up €11,510 (+18.0%), from €63,776 to €75,286
- Tax, wage and social debts -€7,668
down €7,668 (-40.5%), from €18,920 to €11,252
- Gross operating margin -€2,228
down €2,228 (-2.6%), from €86,759 to €84,531
- Financial charges -€1,952
down €1,952 (-14.5%), from €13,505 to €11,553
- Other operating charges +€1,219
up €1,219 (+12.6%), from €9,657 to €10,876
- Depreciation -€1,122
down €1,122 (-2.2%), from €51,197 to €50,075
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.
Cash bridge derived
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 | €491,218 | €448,436 | -€42,782 | -8.7% |
| Fixed assets | 21/28 | €448,847 | €411,913 | -€36,934 | -8.2% |
| Tangible fixed assets | 22/27 | €448,847 | €411,913 | -€36,934 | -8.2% |
| Land and buildings | 22 | €393,375 | €361,875 | -€31,500 | -8.0% |
| Plant, machinery and equipment | 23 | €933 | €379 | -€554 | -59.3% |
| Furniture and vehicles | 24 | €52,762 | €48,137 | -€4,625 | -8.8% |
| Other tangible fixed assets | 26 | €1,777 | €1,521 | -€255 | -14.4% |
| Current assets | 29/58 | €42,371 | €36,523 | -€5,848 | -13.8% |
| Amounts receivable within one year | 40/41 | €23,454 | €19,960 | -€3,494 | -14.9% |
| Trade receivables | 40 | €21,218 | €14,893 | -€6,325 | -29.8% |
| Other amounts receivable | 41 | €2,236 | €5,067 | +€2,831 | +126.6% |
| Cash at bank and in hand | 54/58 | €17,302 | €14,785 | -€2,517 | -14.5% |
| Deferred charges and accrued income | 490/1 | €1,616 | €1,778 | +€162 | +10.1% |
| Total equity and liabilities | 10/49 | €491,218 | €448,436 | -€42,782 | -8.7% |
| Equity | 10/15 | €77,474 | €84,476 | +€7,001 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,000 | €59,000 | +€7,000 | +13.5% |
| Distributable reserves | 133 | €52,000 | €59,000 | +€7,000 | +13.5% |
| Profit (loss) carried forward | 14 | €6,874 | €6,876 | +€1 | 0.0% |
| Amounts payable | 17/49 | €413,744 | €363,960 | -€49,784 | -12.0% |
| Amounts payable after more than one year | 17 | €281,802 | €215,753 | -€66,050 | -23.4% |
| Financial debts | 170/4 | €281,802 | €215,753 | -€66,050 | -23.4% |
| Amounts payable within one year | 42/48 | €131,941 | €124,334 | -€7,607 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €63,776 | €75,286 | +€11,510 | +18.0% |
| Trade debts | 44 | €29,158 | €14,052 | -€15,106 | -51.8% |
| Suppliers | 440/4 | €29,158 | €14,052 | -€15,106 | -51.8% |
| Taxes, remuneration and social security | 45 | €18,920 | €11,252 | -€7,668 | -40.5% |
| Taxes | 450/3 | €18,920 | €11,252 | -€7,668 | -40.5% |
| Other amounts payable | 47/48 | €20,087 | €23,745 | +€3,657 | +18.2% |
| Accrued charges and deferred income | 492/3 | - | €23,873 | +€23,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,197 | €50,075 | -€1,122 | -2.2% |
| Other operating charges | 640/8 | €9,657 | €10,876 | +€1,219 | +12.6% |
| Gross operating margin | 9900 | €86,759 | €84,531 | -€2,228 | -2.6% |
| Operating profit (loss) | 9901 | €25,905 | €23,580 | -€2,325 | -9.0% |
| Financial income | 75/76B | €15 | €526 | +€511 | +3448.7% |
| Recurring financial income | 75 | €15 | €526 | +€511 | +3448.7% |
| Financial charges | 65/66B | €13,505 | €11,553 | -€1,952 | -14.5% |
| Recurring financial charges | 65 | €13,505 | €11,553 | -€1,952 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €12,415 | €12,553 | +€138 | +1.1% |
| Income taxes | 67/77 | €6,120 | €5,552 | -€568 | -9.3% |
| Profit (loss) for the period | 9904 | €6,295 | €7,001 | +€706 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,295 | €7,001 | +€706 | +11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.