ENGINEERS: 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.
ENGINEERS
Largest movements
- Tangible fixed assets -€22,310
down €22,310 (-7.4%), from €300,086 to €277,776
of which Land and buildings: -€17,083
- Receivables within one year +€10,029
up €10,029 (+9.9%), from €101,156 to €111,184
of which Other amounts receivable: +€19,559
- Current investments -€10,000
down €10,000 (-20.0%), from €50,000 to €40,000
- Deferred charges and accrued income +€6,759
new in 2025: €6,759
- Debts after one year -€48,103
down €48,103 (-48.1%), from €99,911 to €51,808
- Tax, wage and social debts +€23,690
up €23,690 (+153.1%), from €15,478 to €39,167
- Current portion of long-term debt +€11,309
up €11,309 (+18.9%), from €59,751 to €71,060
- Reserves -€5,325
down €5,325 (-1.9%), from €273,790 to €268,465
of which Distributable reserves: -€5,325
- Trade debts +€5,286
up €5,286 (+221.7%), from €2,385 to €7,671
- Gross operating margin +€92,584
up €92,584 (+206.7%), from €44,787 to €137,371
- Taxes +€30,380
up €30,380 (+249.5%), from €12,178 to €42,557
- Other operating charges +€19,086
up €19,086 (+861.5%), from €2,215 to €21,301
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 | €452,653 | €439,509 | -€13,144 | -2.9% |
| Fixed assets | 21/28 | €300,086 | €277,776 | -€22,310 | -7.4% |
| Tangible fixed assets | 22/27 | €300,086 | €277,776 | -€22,310 | -7.4% |
| Land and buildings | 22 | €290,084 | €273,001 | -€17,083 | -5.9% |
| Furniture and vehicles | 24 | €7,977 | €3,650 | -€4,327 | -54.2% |
| Other tangible fixed assets | 26 | €2,025 | €1,125 | -€900 | -44.4% |
| Current assets | 29/58 | €152,566 | €161,733 | +€9,167 | +6.0% |
| Amounts receivable within one year | 40/41 | €101,156 | €111,184 | +€10,029 | +9.9% |
| Trade receivables | 40 | €24,501 | €14,971 | -€9,530 | -38.9% |
| Other amounts receivable | 41 | €76,654 | €96,213 | +€19,559 | +25.5% |
| Current investments | 50/53 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €1,411 | €3,789 | +€2,379 | +168.6% |
| Deferred charges and accrued income | 490/1 | - | €6,759 | +€6,759 | |
| Total equity and liabilities | 10/49 | €452,653 | €439,509 | -€13,144 | -2.9% |
| Equity | 10/15 | €275,128 | €269,803 | -€5,325 | -1.9% |
| Reserves | 13 | €273,790 | €268,465 | -€5,325 | -1.9% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €271,790 | €266,465 | -€5,325 | -2.0% |
| Profit (loss) carried forward | 14 | €1,338 | €1,338 | = | 0.0% |
| Amounts payable | 17/49 | €177,524 | €169,706 | -€7,818 | -4.4% |
| Amounts payable after more than one year | 17 | €99,911 | €51,808 | -€48,103 | -48.1% |
| Financial debts | 170/4 | €99,911 | €51,808 | -€48,103 | -48.1% |
| Amounts payable within one year | 42/48 | €77,613 | €117,898 | +€40,285 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €59,751 | €71,060 | +€11,309 | +18.9% |
| Trade debts | 44 | €2,385 | €7,671 | +€5,286 | +221.7% |
| Suppliers | 440/4 | €2,385 | €7,671 | +€5,286 | +221.7% |
| Taxes, remuneration and social security | 45 | €15,478 | €39,167 | +€23,690 | +153.1% |
| Taxes | 450/3 | €15,478 | €39,167 | +€23,690 | +153.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,527 | €22,310 | +€783 | +3.6% |
| Other operating charges | 640/8 | €2,215 | €21,301 | +€19,086 | +861.5% |
| Gross operating margin | 9900 | €44,787 | €137,371 | +€92,584 | +206.7% |
| Operating profit (loss) | 9901 | €21,045 | €93,759 | +€72,715 | +345.5% |
| Financial income | 75/76B | €8,019 | €6,896 | -€1,123 | -14.0% |
| Recurring financial income | 75 | €8,019 | €6,896 | -€1,123 | -14.0% |
| Financial charges | 65/66B | €4,553 | €5,033 | +€480 | +10.6% |
| Recurring financial charges | 65 | €4,553 | €5,033 | +€480 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €24,510 | €95,622 | +€71,111 | +290.1% |
| Income taxes | 67/77 | €12,178 | €42,557 | +€30,380 | +249.5% |
| Profit (loss) for the period | 9904 | €12,333 | €53,065 | +€40,732 | +330.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,333 | €53,065 | +€40,732 | +330.3% |
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 29 September 2026 via checked.be.