Focus - Engineering and Projectmanagement: 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.
Focus - Engineering and Projectmanagement
Largest movements
- Current investments +€76,112
up €76,112 (+72.4%), from €105,108 to €181,220
- Cash -€14,647
down €14,647 (-18.2%), from €80,578 to €65,931
mainly Current investments (-€76,112) and Contributions, distributions and other (-€39,000)
- Receivables within one year -€10,285
down €10,285 (-6.0%), from €170,028 to €159,743
of which Other amounts receivable: -€14,474
- Reserves +€43,871
up €43,871 (+12.7%), from €344,227 to €388,098
- Tax, wage and social debts +€7,195
up €7,195 (+171%), from €4,212 to €11,407
of which Taxes: +€7,195
- Financial charges -€23,540
down €23,540 (-93.7%), from €25,132 to €1,592
- Taxes +€3,010
up €3,010 (+10.4%), from €29,035 to €32,044
- Financial income +€2,365
up €2,365 (+1,074%), from €220 to €2,585
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.
Derived cash bridge
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 | €358,882 | €411,941 | +€53,059 | +14.8% |
| Fixed assets | 21/28 | €2,635 | €4,850 | +€2,215 | +84.0% |
| Tangible fixed assets | 22/27 | €2,635 | €4,850 | +€2,215 | +84.0% |
| Plant, machinery and equipment | 23 | €1,722 | €2,156 | +€434 | +25.2% |
| Furniture and vehicles | 24 | €913 | €2,694 | +€1,781 | +195% |
| Current assets | 29/58 | €356,247 | €407,091 | +€50,845 | +14.3% |
| Amounts receivable within one year | 40/41 | €170,028 | €159,743 | -€10,285 | -6.0% |
| Trade receivables | 40 | €91,487 | €95,676 | +€4,189 | +4.6% |
| Other amounts receivable | 41 | €78,541 | €64,067 | -€14,474 | -18.4% |
| Current investments | 50/53 | €105,108 | €181,220 | +€76,112 | +72.4% |
| Cash at bank and in hand | 54/58 | €80,578 | €65,931 | -€14,647 | -18.2% |
| Deferred charges and accrued income | 490/1 | €533 | €198 | -€335 | -62.9% |
| Total equity and liabilities | 10/49 | €358,882 | €411,941 | +€53,059 | +14.8% |
| Equity | 10/15 | €352,827 | €396,698 | +€43,871 | +12.4% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €344,227 | €388,098 | +€43,871 | +12.7% |
| Distributable reserves | 133 | €344,227 | €388,098 | +€43,871 | +12.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,055 | €15,243 | +€9,188 | +152% |
| Amounts payable within one year | 42/48 | €6,055 | €15,243 | +€9,188 | +152% |
| Trade debts | 44 | €1,843 | €3,836 | +€1,992 | +108% |
| Suppliers | 440/4 | €1,843 | €3,836 | +€1,992 | +108% |
| Taxes, remuneration and social security | 45 | €4,212 | €11,407 | +€7,195 | +171% |
| Taxes | 450/3 | €4,212 | €11,407 | +€7,195 | +171% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | €1,183 | -€8 | -0.7% |
| Other operating charges | 640/8 | €560 | €635 | +€74 | +13.3% |
| Gross operating margin | 9900 | €114,779 | €115,740 | +€962 | +0.8% |
| Operating profit (loss) | 9901 | €113,027 | €113,923 | +€896 | +0.8% |
| Financial income | 75/76B | €220 | €2,585 | +€2,365 | +1,074% |
| Recurring financial income | 75 | €220 | €2,585 | +€2,365 | +1,074% |
| Financial charges | 65/66B | €25,132 | €1,592 | -€23,540 | -93.7% |
| Recurring financial charges | 65 | €25,132 | €1,592 | -€23,540 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €88,115 | €114,916 | +€26,801 | +30.4% |
| Income taxes | 67/77 | €29,035 | €32,044 | +€3,010 | +10.4% |
| Profit (loss) for the period | 9904 | €59,080 | €82,871 | +€23,791 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,080 | €82,871 | +€23,791 | +40.3% |
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 26 October 2026 via checked.be.