GLOBAL ENGINEERING AND COMMISSIONING SOLUTIONS: what changed
What changed
GLOBAL ENGINEERING AND COMMISSIONING SOLUTIONS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€69,139
2024 · €87,388-€18,249
Equity
€446,799
2024 · €377,660+€69,139
Cash
€511,976
2024 · €456,528+€55,448
Balance sheet total
€526,714
2024 · €463,564+€63,150
Largest movements
Assets
- Cash +€55,448
up €55,448 (+12.1%), from €456,528 to €511,976
mainly Net result for the year (+€69,139) and Depreciation (+€3,357)
- Receivables within one year +€10,947
up €10,947 (+1,216%), from €900 to €11,847
Equity and liabilities
- Reserves +€69,139
up €69,139 (+18.6%), from €371,460 to €440,599
- Other debts -€6,313
down €6,313 (-8.6%), from €73,544 to €67,230
Income statement
- Gross operating margin -€27,429
down €27,429 (-20.9%), from €131,494 to €104,066
- Taxes -€8,279
down €8,279 (-23.2%), from €35,739 to €27,461
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€87,388
Gross operating margin
-€27,429
Depreciation
-€696
Other operating charges
+€33
Financial income
+€1,017
Financial charges
+€547
Taxes
+€8,279
Result 2025
€69,139
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€55,448
Investment
€0
Financing
€0
Cash 2024
€456,528
From operations (derived)
+€55,448
Net result for the year
+€69,139
Depreciation
+€3,357
Receivables within one year
-€10,947
Deferred charges and accrued income
-€112
Trade debts
+€501
Tax, wage and social debts
-€177
Other debts
-€6,313
Cash 2025
€511,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,564 | €526,714 | +€63,150 | +13.6% |
| Fixed assets | 21/28 | €6,023 | €2,667 | -€3,357 | -55.7% |
| Tangible fixed assets | 22/27 | €6,023 | €2,667 | -€3,357 | -55.7% |
| Land and buildings | 22 | €1,407 | €1,231 | -€176 | -12.5% |
| Furniture and vehicles | 24 | €4,617 | €1,436 | -€3,181 | -68.9% |
| Current assets | 29/58 | €457,541 | €524,047 | +€66,507 | +14.5% |
| Amounts receivable within one year | 40/41 | €900 | €11,847 | +€10,947 | +1,216% |
| Other amounts receivable | 41 | €900 | €11,847 | +€10,947 | +1,216% |
| Cash at bank and in hand | 54/58 | €456,528 | €511,976 | +€55,448 | +12.1% |
| Deferred charges and accrued income | 490/1 | €113 | €225 | +€112 | +99.5% |
| Total equity and liabilities | 10/49 | €463,564 | €526,714 | +€63,150 | +13.6% |
| Equity | 10/15 | €377,660 | €446,799 | +€69,139 | +18.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €371,460 | €440,599 | +€69,139 | +18.6% |
| Distributable reserves | 133 | €371,460 | €440,599 | +€69,139 | +18.6% |
| Amounts payable | 17/49 | €85,904 | €79,915 | -€5,989 | -7.0% |
| Amounts payable within one year | 42/48 | €85,904 | €79,915 | -€5,989 | -7.0% |
| Trade debts | 44 | €10,583 | €11,084 | +€501 | +4.7% |
| Suppliers | 440/4 | €10,583 | €11,084 | +€501 | +4.7% |
| Taxes, remuneration and social security | 45 | €1,777 | €1,601 | -€177 | -9.9% |
| Taxes | 450/3 | €1,777 | €1,601 | -€177 | -9.9% |
| Other amounts payable | 47/48 | €73,544 | €67,230 | -€6,313 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,661 | €3,357 | +€696 | +26.1% |
| Other operating charges | 640/8 | €657 | €625 | -€33 | -5.0% |
| Gross operating margin | 9900 | €131,494 | €104,066 | -€27,429 | -20.9% |
| Operating profit (loss) | 9901 | €128,176 | €100,084 | -€28,092 | -21.9% |
| Financial income | 75/76B | €581 | €1,599 | +€1,017 | +175% |
| Recurring financial income | 75 | €581 | €1,599 | +€1,017 | +175% |
| Financial charges | 65/66B | €5,630 | €5,083 | -€547 | -9.7% |
| Recurring financial charges | 65 | €5,630 | €5,083 | -€547 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €123,128 | €96,600 | -€26,528 | -21.5% |
| Income taxes | 67/77 | €35,739 | €27,461 | -€8,279 | -23.2% |
| Profit (loss) for the period | 9904 | €87,388 | €69,139 | -€18,249 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,388 | €69,139 | -€18,249 | -20.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.