INDUSTRIAL ENGINEERING AND CONTRACTING: 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.
INDUSTRIAL ENGINEERING AND CONTRACTING
Largest movements
- Cash +€69,294
up €69,294 (+68.3%), from €101,457 to €170,751
mainly Receivables within one year (+€53,957) and Net result for the year (+€24,331)
- Receivables within one year -€53,957
down €53,957 (-48.3%), from €111,769 to €57,813
- Deferred charges and accrued income +€11,374
new in 2025: €11,374
- Reserves +€24,331
up €24,331 (+22.7%), from €107,358 to €131,689
of which Distributable reserves: +€24,331
- Gross operating margin +€113,806
up €113,806, from -€80,608 to €33,198
- Financial charges +€4,702
up €4,702 (+294%), from €1,599 to €6,301
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 | €218,738 | €244,150 | +€25,412 | +11.6% |
| Fixed assets | 21/28 | €5,512 | €4,212 | -€1,300 | -23.6% |
| Tangible fixed assets | 22/27 | €5,512 | €4,212 | -€1,300 | -23.6% |
| Plant, machinery and equipment | 23 | €5,328 | €4,212 | -€1,116 | -20.9% |
| Furniture and vehicles | 24 | €184 | €0 | -€184 | -100% |
| Current assets | 29/58 | €213,226 | €239,938 | +€26,712 | +12.5% |
| Amounts receivable within one year | 40/41 | €111,769 | €57,813 | -€53,957 | -48.3% |
| Trade receivables | 40 | €111,769 | €57,813 | -€53,957 | -48.3% |
| Cash at bank and in hand | 54/58 | €101,457 | €170,751 | +€69,294 | +68.3% |
| Deferred charges and accrued income | 490/1 | - | €11,374 | +€11,374 | |
| Total equity and liabilities | 10/49 | €218,738 | €244,150 | +€25,412 | +11.6% |
| Equity | 10/15 | €169,358 | €193,689 | +€24,331 | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €107,358 | €131,689 | +€24,331 | +22.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €101,158 | €125,489 | +€24,331 | +24.1% |
| Amounts payable | 17/49 | €49,380 | €50,461 | +€1,081 | +2.2% |
| Amounts payable within one year | 42/48 | €49,380 | €50,461 | +€1,081 | +2.2% |
| Trade debts | 44 | €7,339 | €8,133 | +€794 | +10.8% |
| Suppliers | 440/4 | €7,339 | €8,133 | +€794 | +10.8% |
| Taxes, remuneration and social security | 45 | €42,041 | €42,328 | +€287 | +0.7% |
| Taxes | 450/3 | €42,041 | €42,328 | +€287 | +0.7% |
| Non-recurring operating income | 76A | €25,866 | €0 | -€25,866 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €742 | €1,300 | +€558 | +75.2% |
| Other operating charges | 640/8 | €978 | €470 | -€508 | -52.0% |
| Gross operating margin | 9900 | -€80,608 | €33,198 | +€113,806 | |
| Operating profit (loss) | 9901 | -€82,328 | €31,428 | +€113,756 | |
| Financial charges | 65/66B | €1,599 | €6,301 | +€4,702 | +294% |
| Recurring financial charges | 65 | €1,599 | €6,301 | +€4,702 | +294% |
| Profit (loss) for the period before taxes | 9903 | -€83,927 | €25,127 | +€109,055 | |
| Income taxes | 67/77 | €896 | €797 | -€100 | -11.1% |
| Profit (loss) for the period | 9904 | -€84,824 | €24,331 | +€109,154 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,824 | €24,331 | +€109,154 |
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 19 October 2026 via checked.be.