ENGINEERING SYSTEMS: 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 SYSTEMS
Largest movements
- Cash -€83,140
down €83,140 (-71.5%), from €116,337 to €33,197
mainly Investment in fixed assets (net) (-€93,155) and Tax, wage and social debts (-€71,638)
- Tangible fixed assets +€30,657
up €30,657 (+1.2%), from €2.5m to €2.5m
of which Land and buildings: +€68,422
- Tax, wage and social debts -€71,638
down €71,638 (-39.4%), from €181,837 to €110,199
of which Taxes: -€60,144
- Other debts +€40,257
up €40,257 (+4.2%), from €964,485 to €1.0m
- Staff costs -€64,216
down €64,216 (-11.3%), from €566,506 to €502,290
- Depreciation +€39,853
up €39,853 (+176.0%), from €22,637 to €62,490
- Gross operating margin -€11,671
down €11,671 (-1.8%), from €648,175 to €636,503
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 | €2,608,528 | €2,563,787 | -€44,741 | -1.7% |
| Fixed assets | 21/28 | €2,485,787 | €2,516,451 | +€30,664 | +1.2% |
| Tangible fixed assets | 22/27 | €2,484,639 | €2,515,296 | +€30,657 | +1.2% |
| Land and buildings | 22 | €2,300,183 | €2,368,605 | +€68,422 | +3.0% |
| Plant, machinery and equipment | 23 | €30,223 | €24,802 | -€5,421 | -17.9% |
| Furniture and vehicles | 24 | €154,233 | €121,889 | -€32,344 | -21.0% |
| Financial fixed assets | 28 | €1,148 | €1,156 | +€8 | +0.7% |
| Current assets | 29/58 | €122,741 | €47,336 | -€75,406 | -61.4% |
| Amounts receivable within one year | 40/41 | €3,414 | €3,414 | = | 0.0% |
| Trade receivables | 40 | €3,414 | €3,414 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €116,337 | €33,197 | -€83,140 | -71.5% |
| Deferred charges and accrued income | 490/1 | €2,990 | €10,725 | +€7,734 | +258.6% |
| Total equity and liabilities | 10/49 | €2,608,528 | €2,563,787 | -€44,741 | -1.7% |
| Equity | 10/15 | €987,158 | €976,399 | -€10,759 | -1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,386,145 | €1,386,145 | = | 0.0% |
| Reserves | 13 | €27,861 | €27,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €24,763 | €24,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€488,848 | -€499,607 | -€10,759 | -2.2% |
| Amounts payable | 17/49 | €1,621,370 | €1,587,388 | -€33,982 | -2.1% |
| Amounts payable within one year | 42/48 | €1,621,370 | €1,587,220 | -€34,151 | -2.1% |
| Trade debts | 44 | €475,049 | €472,279 | -€2,770 | -0.6% |
| Suppliers | 440/4 | €475,049 | €472,279 | -€2,770 | -0.6% |
| Taxes, remuneration and social security | 45 | €181,837 | €110,199 | -€71,638 | -39.4% |
| Taxes | 450/3 | €84,610 | €24,467 | -€60,144 | -71.1% |
| Remuneration and social security | 454/9 | €97,226 | €85,732 | -€11,494 | -11.8% |
| Other amounts payable | 47/48 | €964,485 | €1,004,741 | +€40,257 | +4.2% |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Remuneration, social security and pensions | 62 | €566,506 | €502,290 | -€64,216 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,637 | €62,490 | +€39,853 | +176.0% |
| Other operating charges | 640/8 | €34,601 | €35,389 | +€789 | +2.3% |
| Gross operating margin | 9900 | €648,175 | €636,503 | -€11,671 | -1.8% |
| Operating profit (loss) | 9901 | €24,431 | €36,334 | +€11,903 | +48.7% |
| Financial income | 75/76B | €6,024 | €9 | -€6,014 | -99.8% |
| Recurring financial income | 75 | €6,024 | €9 | -€6,014 | -99.8% |
| Financial charges | 65/66B | €41,612 | €45,157 | +€3,546 | +8.5% |
| Recurring financial charges | 65 | €41,612 | €45,157 | +€3,546 | +8.5% |
| Non-recurring financial charges | 66B | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,158 | -€8,814 | +€2,343 | +21.0% |
| Income taxes | 67/77 | €2,901 | €1,945 | -€956 | -33.0% |
| Profit (loss) for the period | 9904 | -€14,059 | -€10,759 | +€3,300 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,059 | -€10,759 | +€3,300 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.