LIFT UP 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.
LIFT UP ENGINEERING
Largest movements
- Cash -€151,429
down €151,429 (-64.3%), from €235,525 to €84,096
mainly Accrued charges and deferred income (-€270,788) and Net result for the year (-€245,039)
- Receivables within one year -€72,251
down €72,251 (-6.9%), from €1.0m to €967,922
of which Trade receivables: -€73,469
- Tangible fixed assets -€63,424
down €63,424 (-33.3%), from €190,287 to €126,863
of which Leasing and similar rights: -€39,915
- Stocks and contracts -€29,477
down €29,477 (-9.8%), from €300,749 to €271,271
- Advances received +€285,917
new in 2025: €285,917
- Accrued charges and deferred income -€270,788
down €270,788 (-36.1%), from €749,225 to €478,437
- Profit (loss) carried forward -€240,510
new in 2025: -€240,510
- Short-term financial debts -€201,575
down €201,575 (-63.3%), from €318,335 to €116,760
- Other debts +€174,468
up €174,468 (+90.8%), from €192,221 to €366,690
- Gross operating margin -€354,690
down €354,690 (-38.4%), from €924,429 to €569,739
- Staff costs -€145,219
down €145,219 (-16.4%), from €883,927 to €738,707
- Depreciation -€21,880
down €21,880 (-36.4%), from €60,192 to €38,312
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 | €1,783,245 | €1,466,672 | -€316,572 | -17.8% |
| Fixed assets | 21/28 | €191,124 | €127,468 | -€63,655 | -33.3% |
| Tangible fixed assets | 22/27 | €190,287 | €126,863 | -€63,424 | -33.3% |
| Plant, machinery and equipment | 23 | €130 | - | -€130 | |
| Furniture and vehicles | 24 | €38,985 | €15,606 | -€23,379 | -60.0% |
| Leasing and similar rights | 25 | €151,172 | €111,257 | -€39,915 | -26.4% |
| Financial fixed assets | 28 | €837 | €605 | -€231 | -27.7% |
| Current assets | 29/58 | €1,592,121 | €1,339,204 | -€252,917 | -15.9% |
| Stocks and contracts in progress | 3 | €300,749 | €271,271 | -€29,477 | -9.8% |
| Stocks | 30/36 | €300,749 | €271,271 | -€29,477 | -9.8% |
| Amounts receivable within one year | 40/41 | €1,040,173 | €967,922 | -€72,251 | -6.9% |
| Trade receivables | 40 | €1,017,056 | €943,587 | -€73,469 | -7.2% |
| Other amounts receivable | 41 | €23,117 | €24,335 | +€1,218 | +5.3% |
| Cash at bank and in hand | 54/58 | €235,525 | €84,096 | -€151,429 | -64.3% |
| Deferred charges and accrued income | 490/1 | €15,675 | €15,915 | +€241 | +1.5% |
| Total equity and liabilities | 10/49 | €1,783,245 | €1,466,672 | -€316,572 | -17.8% |
| Equity | 10/15 | €81,535 | -€163,504 | -€245,039 | |
| Contributions | 10/11 | €70,005 | €70,005 | = | 0.0% |
| Capital | 10 | €70,005 | €70,005 | = | 0.0% |
| Issued capital | 100 | €70,005 | €70,005 | = | 0.0% |
| Reserves | 13 | €11,530 | €7,001 | -€4,530 | -39.3% |
| Non-distributable reserves | 130/1 | €7,001 | €7,001 | = | 0.0% |
| Legal reserve | 130 | €7,001 | €7,001 | = | 0.0% |
| Distributable reserves | 133 | €4,530 | - | -€4,530 | |
| Profit (loss) carried forward | 14 | - | -€240,510 | -€240,510 | |
| Amounts payable | 17/49 | €1,701,709 | €1,630,177 | -€71,533 | -4.2% |
| Amounts payable after more than one year | 17 | €116,391 | €82,670 | -€33,721 | -29.0% |
| Financial debts | 170/4 | €116,391 | €82,670 | -€33,721 | -29.0% |
| Amounts payable within one year | 42/48 | €836,094 | €1,069,070 | +€232,976 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €42,710 | €34,678 | -€8,033 | -18.8% |
| Financial debts | 43 | €318,335 | €116,760 | -€201,575 | -63.3% |
| Credit institutions | 430/8 | €318,335 | €116,760 | -€201,575 | -63.3% |
| Trade debts | 44 | €110,278 | €164,412 | +€54,135 | +49.1% |
| Suppliers | 440/4 | €110,278 | €164,412 | +€54,135 | +49.1% |
| Advances received on contracts in progress | 46 | - | €285,917 | +€285,917 | |
| Taxes, remuneration and social security | 45 | €172,550 | €100,614 | -€71,936 | -41.7% |
| Taxes | 450/3 | €67,040 | €35,972 | -€31,068 | -46.3% |
| Remuneration and social security | 454/9 | €105,510 | €64,643 | -€40,867 | -38.7% |
| Other amounts payable | 47/48 | €192,221 | €366,690 | +€174,468 | +90.8% |
| Accrued charges and deferred income | 492/3 | €749,225 | €478,437 | -€270,788 | -36.1% |
| Remuneration, social security and pensions | 62 | €883,927 | €738,707 | -€145,219 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,192 | €38,312 | -€21,880 | -36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €515 | +€515 | |
| Other operating charges | 640/8 | €9,557 | €17,609 | +€8,053 | +84.3% |
| Gross operating margin | 9900 | €924,429 | €569,739 | -€354,690 | -38.4% |
| Operating profit (loss) | 9901 | -€29,246 | -€225,404 | -€196,158 | -671% |
| Financial income | 75/76B | €1,988 | €2,668 | +€680 | +34.2% |
| Recurring financial income | 75 | €1,988 | €2,668 | +€680 | +34.2% |
| Financial charges | 65/66B | €25,913 | €21,582 | -€4,332 | -16.7% |
| Recurring financial charges | 65 | €25,913 | €21,582 | -€4,332 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,172 | -€244,318 | -€191,146 | -359% |
| Income taxes | 67/77 | €1,455 | €722 | -€733 | -50.4% |
| Profit (loss) for the period | 9904 | -€54,627 | -€245,039 | -€190,412 | -349% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,627 | -€245,039 | -€190,412 | -349% |
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 15 October 2026 via checked.be.