European Network Systems Engineering: 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.
European Network Systems Engineering
Largest movements
- Receivables within one year -€129,679
down €129,679 (-37.7%), from €343,852 to €214,174
of which Other amounts receivable: -€95,396
- Tangible fixed assets -€105,227
down €105,227 (-51.1%), from €206,046 to €100,819
of which Land and buildings: -€98,033
- Financial fixed assets -€67,305
down €67,305 (-55.3%), from €121,760 to €54,455
- Profit (loss) carried forward -€199,181
down €199,181 (-47.8%), from €416,483 to €217,303
- Debts after one year -€88,981
down €88,981 (-45.8%), from €194,090 to €105,109
- Short-term financial debts -€8,050
down €8,050 (-44.5%), from €18,079 to €10,028
- Other operating charges +€31,354
up €31,354 (+3,612%), from €868 to €32,222
- Gross operating margin +€17,562
up €17,562, from -€2,778 to €14,783
- Financial charges -€214
down €214 (-52.5%), from €408 to €194
From the 2022 result to the 2024 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €676,136 | €373,926 | -€302,210 | -44.7% |
| Fixed assets | 21/28 | €327,806 | €155,274 | -€172,532 | -52.6% |
| Tangible fixed assets | 22/27 | €206,046 | €100,819 | -€105,227 | -51.1% |
| Land and buildings | 22 | €171,737 | €73,704 | -€98,033 | -57.1% |
| Furniture and vehicles | 24 | €34,309 | €27,115 | -€7,194 | -21.0% |
| Financial fixed assets | 28 | €121,760 | €54,455 | -€67,305 | -55.3% |
| Current assets | 29/58 | €348,331 | €218,652 | -€129,679 | -37.2% |
| Amounts receivable within one year | 40/41 | €343,852 | €214,174 | -€129,679 | -37.7% |
| Trade receivables | 40 | €66,609 | €32,326 | -€34,282 | -51.5% |
| Other amounts receivable | 41 | €277,244 | €181,847 | -€95,396 | -34.4% |
| Deferred charges and accrued income | 490/1 | €4,478 | €4,478 | = | 0.0% |
| Total equity and liabilities | 10/49 | €676,136 | €373,926 | -€302,210 | -44.7% |
| Equity | 10/15 | €424,547 | €225,367 | -€199,181 | -46.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Contributions outside capital | 11 | €6,205 | - | -€6,205 | |
| Other | 1109/19 | €6,205 | - | -€6,205 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €416,483 | €217,303 | -€199,181 | -47.8% |
| Amounts payable | 17/49 | €251,589 | €148,559 | -€103,029 | -41.0% |
| Amounts payable after more than one year | 17 | €194,090 | €105,109 | -€88,981 | -45.8% |
| Financial debts | 170/4 | €194,090 | €105,109 | -€88,981 | -45.8% |
| Amounts payable within one year | 42/48 | €57,151 | €43,103 | -€14,048 | -24.6% |
| Financial debts | 43 | €18,079 | €10,028 | -€8,050 | -44.5% |
| Credit institutions | 430/8 | €18,079 | €10,028 | -€8,050 | -44.5% |
| Trade debts | 44 | €30,403 | €24,073 | -€6,330 | -20.8% |
| Suppliers | 440/4 | €25,310 | €18,980 | -€6,330 | -25.0% |
| Bills of exchange payable | 441 | €5,093 | €5,093 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,278 | €8,390 | +€112 | +1.4% |
| Taxes | 450/3 | €8,278 | €8,390 | +€112 | +1.4% |
| Other amounts payable | 47/48 | €392 | €612 | +€220 | +56.0% |
| Accrued charges and deferred income | 492/3 | €348 | €348 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €369 | = | 0.0% |
| Other operating charges | 640/8 | €868 | €32,222 | +€31,354 | +3,612% |
| Gross operating margin | 9900 | -€2,778 | €14,783 | +€17,562 | |
| Operating profit (loss) | 9901 | -€4,016 | -€17,809 | -€13,793 | -343% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €408 | €194 | -€214 | -52.5% |
| Recurring financial charges | 65 | €408 | €194 | -€214 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,424 | -€18,002 | -€13,578 | -307% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€4,424 | -€18,002 | -€13,578 | -307% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,424 | -€18,002 | -€13,578 | -307% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.