General 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.
General Engineering
Largest movements
- Cash +€7,176
up €7,176 (+142%), from €5,055 to €12,230
mainly Net result for the year (+€22,983) and Depreciation (+€22,068)
- Tangible fixed assets -€6,567
down €6,567 (-7.5%), from €87,477 to €80,910
of which Land and buildings: -€5,918
- Receivables within one year +€2,912
up €2,912 (+16.9%), from €17,213 to €20,124
of which Trade receivables: +€2,749
- Debts after one year -€16,843
down €16,843 (-57.0%), from €29,546 to €12,703
of which Other amounts payable: -€10,000
- Tax, wage and social debts +€12,237
up €12,237 (+49.6%), from €24,688 to €36,925
- Current portion of long-term debt +€7,922
up €7,922 (+112%), from €7,070 to €14,992
- Other debts +€3,356
up €3,356 (+278%), from €1,209 to €4,566
- Profit (loss) carried forward -€2,017
down €2,017 (-6.9%), from €29,188 to €27,171
- Gross operating margin +€2,123
up €2,123 (+3.3%), from €63,563 to €65,685
- Other operating charges +€1,665
up €1,665 (+56.7%), from €2,937 to €4,602
- Financial charges +€1,253
up €1,253 (+69.0%), from €1,817 to €3,070
- Depreciation +€948
up €948 (+4.5%), from €21,120 to €22,068
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 | €110,026 | €113,561 | +€3,535 | +3.2% |
| Fixed assets | 21/28 | €87,477 | €80,910 | -€6,567 | -7.5% |
| Tangible fixed assets | 22/27 | €87,477 | €80,910 | -€6,567 | -7.5% |
| Land and buildings | 22 | €50,479 | €44,561 | -€5,918 | -11.7% |
| Plant, machinery and equipment | 23 | €17,060 | €12,077 | -€4,982 | -29.2% |
| Furniture and vehicles | 24 | €19,938 | €24,271 | +€4,333 | +21.7% |
| Current assets | 29/58 | €22,550 | €32,652 | +€10,102 | +44.8% |
| Amounts receivable within one year | 40/41 | €17,213 | €20,124 | +€2,912 | +16.9% |
| Trade receivables | 40 | €17,213 | €19,962 | +€2,749 | +16.0% |
| Other amounts receivable | 41 | - | €163 | +€163 | |
| Cash at bank and in hand | 54/58 | €5,055 | €12,230 | +€7,176 | +142% |
| Deferred charges and accrued income | 490/1 | €282 | €297 | +€15 | +5.1% |
| Total equity and liabilities | 10/49 | €110,026 | €113,561 | +€3,535 | +3.2% |
| Equity | 10/15 | €42,965 | €40,947 | -€2,017 | -4.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,776 | €11,776 | = | 0.0% |
| Distributable reserves | 133 | €11,776 | €11,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,188 | €27,171 | -€2,017 | -6.9% |
| Amounts payable | 17/49 | €67,062 | €72,614 | +€5,552 | +8.3% |
| Amounts payable after more than one year | 17 | €29,546 | €12,703 | -€16,843 | -57.0% |
| Financial debts | 170/4 | €19,546 | €12,703 | -€6,843 | -35.0% |
| Other amounts payable | 178/9 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €37,516 | €59,911 | +€22,395 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €7,070 | €14,992 | +€7,922 | +112% |
| Financial debts | 43 | €31 | - | -€31 | |
| Credit institutions | 430/8 | €31 | - | -€31 | |
| Trade debts | 44 | €4,230 | €3,429 | -€801 | -18.9% |
| Suppliers | 440/4 | €4,230 | €3,429 | -€801 | -18.9% |
| Advances received on contracts in progress | 46 | €287 | - | -€287 | |
| Taxes, remuneration and social security | 45 | €24,688 | €36,925 | +€12,237 | +49.6% |
| Taxes | 450/3 | €24,688 | €36,925 | +€12,237 | +49.6% |
| Other amounts payable | 47/48 | €1,209 | €4,566 | +€3,356 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,120 | €22,068 | +€948 | +4.5% |
| Other operating charges | 640/8 | €2,937 | €4,602 | +€1,665 | +56.7% |
| Gross operating margin | 9900 | €63,563 | €65,685 | +€2,123 | +3.3% |
| Operating profit (loss) | 9901 | €39,506 | €39,016 | -€490 | -1.2% |
| Financial charges | 65/66B | €1,817 | €3,070 | +€1,253 | +69.0% |
| Recurring financial charges | 65 | €1,817 | €3,070 | +€1,253 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €37,689 | €35,945 | -€1,743 | -4.6% |
| Income taxes | 67/77 | €13,476 | €12,963 | -€513 | -3.8% |
| Profit (loss) for the period | 9904 | €24,213 | €22,983 | -€1,230 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,213 | €22,983 | -€1,230 | -5.1% |
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 22 October 2026 via checked.be.