INDUSTRIAL PROJECTS ENGINEERING & CONSULTANCY: 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 PROJECTS ENGINEERING & CONSULTANCY
Largest movements
- Cash -€86,645
down €86,645 (-63.5%), from €136,410 to €49,765
mainly Contributions, distributions and other (-€221,808) and Investment in fixed assets (net) (-€6,850)
- Reserves -€96,925
down €96,925 (-12.2%), from €791,378 to €694,453
of which Distributable reserves: -€96,925
- Tax, wage and social debts +€23,319
up €23,319 (+56.6%), from €41,167 to €64,486
- Financial income +€3,892
up €3,892 (+92.2%), from €4,221 to €8,113
- Gross operating margin -€2,604
down €2,604 (-1.4%), from €187,217 to €184,613
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 | €883,638 | €807,534 | -€76,105 | -8.6% |
| Fixed assets | 21/28 | €18,159 | €18,202 | +€43 | +0.2% |
| Tangible fixed assets | 22/27 | €18,159 | €18,202 | +€43 | +0.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €9,069 | €12,583 | +€3,514 | +38.7% |
| Furniture and vehicles | 24 | €9,090 | €5,619 | -€3,471 | -38.2% |
| Current assets | 29/58 | €865,479 | €789,331 | -€76,148 | -8.8% |
| Amounts receivable within one year | 40/41 | €20,990 | €25,921 | +€4,931 | +23.5% |
| Trade receivables | 40 | €20,990 | €25,921 | +€4,931 | +23.5% |
| Current investments | 50/53 | €707,534 | €713,646 | +€6,111 | +0.9% |
| Cash at bank and in hand | 54/58 | €136,410 | €49,765 | -€86,645 | -63.5% |
| Deferred charges and accrued income | 490/1 | €545 | - | -€545 | |
| Total equity and liabilities | 10/49 | €883,638 | €807,534 | -€76,105 | -8.6% |
| Equity | 10/15 | €803,778 | €706,853 | -€96,925 | -12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €791,378 | €694,453 | -€96,925 | -12.2% |
| Tax-exempt reserves | 132 | €386 | €386 | = | 0.0% |
| Distributable reserves | 133 | €790,992 | €694,067 | -€96,925 | -12.3% |
| Amounts payable | 17/49 | €79,860 | €100,681 | +€20,821 | +26.1% |
| Amounts payable within one year | 42/48 | €79,540 | €100,361 | +€20,821 | +26.2% |
| Trade debts | 44 | €6,197 | €3,330 | -€2,868 | -46.3% |
| Suppliers | 440/4 | €6,197 | €3,330 | -€2,868 | -46.3% |
| Advances received on contracts in progress | 46 | €847 | - | -€847 | |
| Taxes, remuneration and social security | 45 | €41,167 | €64,486 | +€23,319 | +56.6% |
| Taxes | 450/3 | €41,167 | €64,486 | +€23,319 | +56.6% |
| Other amounts payable | 47/48 | €31,329 | €32,545 | +€1,217 | +3.9% |
| Accrued charges and deferred income | 492/3 | €320 | €320 | = | 0.0% |
| Non-recurring operating income | 76A | - | €847 | +€847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,122 | €6,807 | +€685 | +11.2% |
| Other operating charges | 640/8 | €2,259 | €1,995 | -€264 | -11.7% |
| Gross operating margin | 9900 | €187,217 | €184,613 | -€2,604 | -1.4% |
| Operating profit (loss) | 9901 | €178,836 | €175,811 | -€3,024 | -1.7% |
| Financial income | 75/76B | €4,221 | €8,113 | +€3,892 | +92.2% |
| Recurring financial income | 75 | €4,221 | €8,113 | +€3,892 | +92.2% |
| Financial charges | 65/66B | €159 | €76 | -€83 | -52.3% |
| Recurring financial charges | 65 | €159 | €76 | -€83 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €182,898 | €183,849 | +€951 | +0.5% |
| Income taxes | 67/77 | €59,519 | €58,967 | -€553 | -0.9% |
| Profit (loss) for the period | 9904 | €123,379 | €124,882 | +€1,503 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €123,379 | €124,882 | +€1,503 | +1.2% |
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.