MANAGINEERING: 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.
MANAGINEERING
Largest movements
- Receivables within one year -€20,065
down €20,065 (-51.0%), from €39,326 to €19,261
of which Trade receivables: -€20,672
- Deferred charges and accrued income -€10,072
down €10,072 (-94.6%), from €10,643 to €571
- Cash -€3,034
down €3,034 (-3.3%), from €93,051 to €90,016
mainly Contributions, distributions and other (-€93,386) and Trade debts (-€14,946)
- Trade debts -€14,946
down €14,946 (-96.9%), from €15,417 to €471
- Other debts -€10,539
down €10,539 (-10.1%), from €103,925 to €93,386
- Tax, wage and social debts -€9,013
down €9,013 (-38.1%), from €23,668 to €14,655
of which Taxes: -€9,013
- Gross operating margin -€9,700
down €9,700 (-7.3%), from €132,653 to €122,954
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 | €144,369 | €110,552 | -€33,817 | -23.4% |
| Fixed assets | 21/28 | €1,349 | €704 | -€645 | -47.8% |
| Tangible fixed assets | 22/27 | €1,349 | €704 | -€645 | -47.8% |
| Plant, machinery and equipment | 23 | €1,121 | €704 | -€417 | -37.2% |
| Furniture and vehicles | 24 | €228 | €0 | -€228 | -100.0% |
| Current assets | 29/58 | €143,020 | €109,848 | -€33,171 | -23.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €39,326 | €19,261 | -€20,065 | -51.0% |
| Trade receivables | 40 | €39,326 | €18,655 | -€20,672 | -52.6% |
| Other amounts receivable | 41 | €0 | €607 | +€607 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €93,051 | €90,016 | -€3,034 | -3.3% |
| Deferred charges and accrued income | 490/1 | €10,643 | €571 | -€10,072 | -94.6% |
| Total equity and liabilities | 10/49 | €144,369 | €110,552 | -€33,817 | -23.4% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,369 | €109,552 | -€33,817 | -23.6% |
| Amounts payable within one year | 42/48 | €143,010 | €108,512 | -€34,498 | -24.1% |
| Trade debts | 44 | €15,417 | €471 | -€14,946 | -96.9% |
| Suppliers | 440/4 | €15,417 | €471 | -€14,946 | -96.9% |
| Taxes, remuneration and social security | 45 | €23,668 | €14,655 | -€9,013 | -38.1% |
| Taxes | 450/3 | €23,668 | €14,655 | -€9,013 | -38.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,925 | €93,386 | -€10,539 | -10.1% |
| Accrued charges and deferred income | 492/3 | €359 | €1,040 | +€681 | +189.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €812 | €645 | -€166 | -20.5% |
| Other operating charges | 640/8 | €384 | €535 | +€150 | +39.1% |
| Gross operating margin | 9900 | €132,653 | €122,954 | -€9,700 | -7.3% |
| Operating profit (loss) | 9901 | €131,457 | €121,774 | -€9,684 | -7.4% |
| Financial income | 75/76B | €365 | €3 | -€362 | -99.2% |
| Recurring financial income | 75 | €365 | €3 | -€362 | -99.2% |
| Financial charges | 65/66B | €130 | €140 | +€10 | +7.5% |
| Recurring financial charges | 65 | €130 | €140 | +€10 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €131,692 | €121,637 | -€10,055 | -7.6% |
| Income taxes | 67/77 | €28,605 | €28,251 | -€354 | -1.2% |
| Profit (loss) for the period | 9904 | €103,087 | €93,386 | -€9,701 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,087 | €93,386 | -€9,701 | -9.4% |
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 5 October 2026 via checked.be.