Engineers at Work: 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.
Engineers at Work
Largest movements
- Current investments +€117,687
up €117,687 (+177.5%), from €66,320 to €184,007
- Receivables within one year -€108,321
down €108,321 (-61.4%), from €176,413 to €68,092
of which Trade receivables: -€108,624
- Cash +€37,690
up €37,690 (+12.8%), from €295,338 to €333,028
mainly Net result for the year (+€115,181) and Receivables within one year (+€108,321)
- Tangible fixed assets -€12,180
down €12,180 (-4.5%), from €270,922 to €258,742
of which Other tangible fixed assets: -€7,384
- Trade debts -€53,001
down €53,001 (-73.5%), from €72,158 to €19,156
- Other debts +€41,315
up €41,315 (+1098.7%), from €3,760 to €45,075
- Reserves +€31,146
up €31,146 (+4.9%), from €636,078 to €667,224
- Tax, wage and social debts +€14,149
up €14,149 (+93.0%), from €15,219 to €29,368
of which Taxes: +€14,664
- Gross operating margin +€74,825
up €74,825 (+43.1%), from €173,764 to €248,589
- Taxes +€28,964
up €28,964 (+143.6%), from €20,170 to €49,134
- Staff costs -€21,696
down €21,696 (-23.7%), from €91,680 to €69,985
- Financial charges +€3,111
up €3,111 (+397.4%), from €783 to €3,894
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 | €814,107 | €847,708 | +€33,601 | +4.1% |
| Fixed assets | 21/28 | €270,922 | €258,742 | -€12,180 | -4.5% |
| Tangible fixed assets | 22/27 | €270,922 | €258,742 | -€12,180 | -4.5% |
| Land and buildings | 22 | €49,607 | €44,812 | -€4,796 | -9.7% |
| Other tangible fixed assets | 26 | €221,314 | €213,930 | -€7,384 | -3.3% |
| Current assets | 29/58 | €543,186 | €588,966 | +€45,780 | +8.4% |
| Amounts receivable within one year | 40/41 | €176,413 | €68,092 | -€108,321 | -61.4% |
| Trade receivables | 40 | €171,716 | €63,092 | -€108,624 | -63.3% |
| Other amounts receivable | 41 | €4,697 | €5,000 | +€303 | +6.4% |
| Current investments | 50/53 | €66,320 | €184,007 | +€117,687 | +177.5% |
| Cash at bank and in hand | 54/58 | €295,338 | €333,028 | +€37,690 | +12.8% |
| Deferred charges and accrued income | 490/1 | €5,114 | €3,838 | -€1,276 | -24.9% |
| Total equity and liabilities | 10/49 | €814,107 | €847,708 | +€33,601 | +4.1% |
| Equity | 10/15 | €722,963 | €754,109 | +€31,146 | +4.3% |
| Contributions | 10/11 | €86,885 | €86,885 | = | 0.0% |
| Reserves | 13 | €636,078 | €667,224 | +€31,146 | +4.9% |
| Distributable reserves | 133 | €636,078 | €667,224 | +€31,146 | +4.9% |
| Amounts payable | 17/49 | €91,145 | €93,599 | +€2,455 | +2.7% |
| Amounts payable within one year | 42/48 | €91,136 | €93,599 | +€2,463 | +2.7% |
| Trade debts | 44 | €72,158 | €19,156 | -€53,001 | -73.5% |
| Suppliers | 440/4 | €72,158 | €19,156 | -€53,001 | -73.5% |
| Taxes, remuneration and social security | 45 | €15,219 | €29,368 | +€14,149 | +93.0% |
| Taxes | 450/3 | €6,354 | €21,018 | +€14,664 | +230.8% |
| Remuneration and social security | 454/9 | €8,864 | €8,349 | -€515 | -5.8% |
| Other amounts payable | 47/48 | €3,760 | €45,075 | +€41,315 | +1098.7% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Remuneration, social security and pensions | 62 | €91,680 | €69,985 | -€21,696 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,087 | €12,180 | -€1,907 | -13.5% |
| Other operating charges | 640/8 | €4,836 | €4,253 | -€583 | -12.1% |
| Gross operating margin | 9900 | €173,764 | €248,589 | +€74,825 | +43.1% |
| Operating profit (loss) | 9901 | €63,160 | €162,171 | +€99,011 | +156.8% |
| Financial income | 75/76B | €8,100 | €6,038 | -€2,062 | -25.5% |
| Recurring financial income | 75 | €8,100 | €6,038 | -€2,062 | -25.5% |
| Financial charges | 65/66B | €783 | €3,894 | +€3,111 | +397.4% |
| Recurring financial charges | 65 | €783 | €3,894 | +€3,111 | +397.4% |
| Profit (loss) for the period before taxes | 9903 | €70,477 | €164,315 | +€93,838 | +133.1% |
| Income taxes | 67/77 | €20,170 | €49,134 | +€28,964 | +143.6% |
| Profit (loss) for the period | 9904 | €50,307 | €115,181 | +€64,874 | +129.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,307 | €115,181 | +€64,874 | +129.0% |
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 12 October 2026 via checked.be.