GROUP D. ENGINEERING: what changed
Two fiscal 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.
GROUP D. ENGINEERING
Largest movements
- Receivables within one year +€357,480
up €357,480 (+98.5%), from €362,852 to €720,333
of which Trade receivables: +€383,710
- Cash -€229,204
down €229,204 (-72.8%), from €314,673 to €85,469
mainly Receivables within one year (-€357,480)
- Tax, wage and social debts +€60,208
up €60,208 (+8898.7%), from €677 to €60,885
- Reserves +€19,351
up €19,351 (+27.3%), from €70,903 to €90,254
- Advances received +€18,477
new in 2025: €18,477
- Trade debts +€13,657
up €13,657 (+2.5%), from €538,823 to €552,480
- Other operating charges -€2,591
down €2,591 (-73.2%), from €3,541 to €950
- Gross operating margin +€2,288
up €2,288 (+7.8%), from €29,450 to €31,738
- Taxes +€1,574
up €1,574 (+27.7%), from €5,677 to €7,250
- Financial income +€519
up €519 (+13.2%), from €3,923 to €4,441
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 | €707,736 | €827,429 | +€119,693 | +16.9% |
| Fixed assets | 21/28 | €24,398 | €16,056 | -€8,341 | -34.2% |
| Intangible fixed assets | 21 | €24,000 | €16,000 | -€8,000 | -33.3% |
| Tangible fixed assets | 22/27 | €398 | €56 | -€341 | -85.9% |
| Furniture and vehicles | 24 | €398 | €56 | -€341 | -85.9% |
| Current assets | 29/58 | €683,338 | €811,373 | +€128,035 | +18.7% |
| Amounts receivable within one year | 40/41 | €362,852 | €720,333 | +€357,480 | +98.5% |
| Trade receivables | 40 | €263,904 | €647,615 | +€383,710 | +145.4% |
| Other amounts receivable | 41 | €98,948 | €72,718 | -€26,230 | -26.5% |
| Cash at bank and in hand | 54/58 | €314,673 | €85,469 | -€229,204 | -72.8% |
| Deferred charges and accrued income | 490/1 | €5,813 | €5,571 | -€242 | -4.2% |
| Total equity and liabilities | 10/49 | €707,736 | €827,429 | +€119,693 | +16.9% |
| Equity | 10/15 | €168,236 | €187,587 | +€19,351 | +11.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €70,903 | €90,254 | +€19,351 | +27.3% |
| Distributable reserves | 133 | €70,903 | €90,254 | +€19,351 | +27.3% |
| Profit (loss) carried forward | 14 | €91,084 | €91,084 | = | 0.0% |
| Amounts payable | 17/49 | €539,500 | €639,842 | +€100,342 | +18.6% |
| Amounts payable within one year | 42/48 | €539,500 | €631,842 | +€92,342 | +17.1% |
| Trade debts | 44 | €538,823 | €552,480 | +€13,657 | +2.5% |
| Suppliers | 440/4 | €538,823 | €552,480 | +€13,657 | +2.5% |
| Advances received on contracts in progress | 46 | - | €18,477 | +€18,477 | |
| Taxes, remuneration and social security | 45 | €677 | €60,885 | +€60,208 | +8898.7% |
| Taxes | 450/3 | €677 | €60,885 | +€60,208 | +8898.7% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,341 | €8,341 | = | 0.0% |
| Other operating charges | 640/8 | €3,541 | €950 | -€2,591 | -73.2% |
| Gross operating margin | 9900 | €29,450 | €31,738 | +€2,288 | +7.8% |
| Operating profit (loss) | 9901 | €17,568 | €22,447 | +€4,879 | +27.8% |
| Financial income | 75/76B | €3,923 | €4,441 | +€519 | +13.2% |
| Recurring financial income | 75 | €3,923 | €4,441 | +€519 | +13.2% |
| Financial charges | 65/66B | €193 | €287 | +€94 | +48.6% |
| Recurring financial charges | 65 | €193 | €287 | +€94 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €21,298 | €26,601 | +€5,304 | +24.9% |
| Income taxes | 67/77 | €5,677 | €7,250 | +€1,574 | +27.7% |
| Profit (loss) for the period | 9904 | €15,621 | €19,351 | +€3,730 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,621 | €19,351 | +€3,730 | +23.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.