Engineering & Strategy Consulting: 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 & Strategy Consulting
Largest movements
- Current investments -€130,000
down €130,000 (-31.3%), from €414,849 to €284,849
- Cash +€82,561
up €82,561 (+50.9%), from €162,323 to €244,884
mainly Current investments (+€130,000) and Net result for the year (+€24,660)
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Receivables within one year +€9,291
up €9,291 (+37.6%), from €24,681 to €33,972
of which Other amounts receivable: +€22,662
- Other debts -€58,436
down €58,436 (-97.6%), from €59,843 to €1,407
- Gross operating margin -€58,112
down €58,112 (-72.0%), from €80,697 to €22,585
- Purchases and services +€35,346
up €35,346 (+49.7%), from €71,160 to €106,506
- Taxes -€27,195
down €27,195 (-90.5%), from €30,036 to €2,841
- Financial income +€2,977
up €2,977 (+25.5%), from €11,660 to €14,637
- Financial charges -€1,413
down €1,413 (-87.6%), from €1,613 to €200
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 | €635,557 | €572,751 | -€62,806 | -9.9% |
| Fixed assets | 21/28 | €13,704 | €9,046 | -€4,658 | -34.0% |
| Tangible fixed assets | 22/27 | €13,654 | €8,996 | -€4,658 | -34.1% |
| Furniture and vehicles | 24 | €13,654 | €8,996 | -€4,658 | -34.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €621,853 | €563,705 | -€58,148 | -9.4% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €24,681 | €33,972 | +€9,291 | +37.6% |
| Trade receivables | 40 | €13,371 | - | -€13,371 | |
| Other amounts receivable | 41 | €11,310 | €33,972 | +€22,662 | +200.4% |
| Current investments | 50/53 | €414,849 | €284,849 | -€130,000 | -31.3% |
| Cash at bank and in hand | 54/58 | €162,323 | €244,884 | +€82,561 | +50.9% |
| Total equity and liabilities | 10/49 | €635,557 | €572,751 | -€62,806 | -9.9% |
| Equity | 10/15 | €571,466 | €568,651 | -€2,815 | -0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €325,865 | €322,390 | -€3,475 | -1.1% |
| Distributable reserves | 133 | €325,865 | €322,390 | -€3,475 | -1.1% |
| Profit (loss) carried forward | 14 | €227,051 | €227,711 | +€660 | +0.3% |
| Amounts payable | 17/49 | €64,091 | €4,100 | -€59,991 | -93.6% |
| Amounts payable within one year | 42/48 | €64,091 | €4,100 | -€59,991 | -93.6% |
| Trade debts | 44 | €1,595 | €1,520 | -€75 | -4.7% |
| Suppliers | 440/4 | €1,595 | €1,520 | -€75 | -4.7% |
| Taxes, remuneration and social security | 45 | €2,653 | €1,173 | -€1,480 | -55.8% |
| Taxes | 450/3 | €2,653 | €1,173 | -€1,480 | -55.8% |
| Other amounts payable | 47/48 | €59,843 | €1,407 | -€58,436 | -97.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,160 | €106,506 | +€35,346 | +49.7% |
| Remuneration, social security and pensions | 62 | €1,246 | €2,150 | +€904 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,351 | €6,972 | -€379 | -5.2% |
| Other operating charges | 640/8 | €388 | €399 | +€11 | +2.8% |
| Gross operating margin | 9900 | €80,697 | €22,585 | -€58,112 | -72.0% |
| Operating profit (loss) | 9901 | €71,712 | €13,064 | -€58,648 | -81.8% |
| Financial income | 75/76B | €11,660 | €14,637 | +€2,977 | +25.5% |
| Recurring financial income | 75 | €11,660 | €14,637 | +€2,977 | +25.5% |
| Financial charges | 65/66B | €1,613 | €200 | -€1,413 | -87.6% |
| Recurring financial charges | 65 | €1,613 | €200 | -€1,413 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €81,759 | €27,501 | -€54,258 | -66.4% |
| Income taxes | 67/77 | €30,036 | €2,841 | -€27,195 | -90.5% |
| Profit (loss) for the period | 9904 | €51,723 | €24,660 | -€27,063 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,723 | €24,660 | -€27,063 | -52.3% |
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 7 October 2026 via checked.be.