MN ENGINEERING AND CONSTRUCTION: 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.
MN ENGINEERING AND CONSTRUCTION
Largest movements
- Stocks and contracts +€146,547
new in 2025: €146,547
- Receivables within one year +€88,119
up €88,119 (+171.2%), from €51,462 to €139,581
of which Trade receivables: +€79,957
- Cash -€65,563
down €65,563 (-75.3%), from €87,111 to €21,548
mainly Stocks and contracts (-€146,547) and Receivables within one year (-€88,119)
- Financial fixed assets -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Tangible fixed assets +€8,109
up €8,109 (+2.9%), from €279,873 to €287,982
of which Furniture and vehicles: +€16,124
- Debts after one year +€130,942
up €130,942 (+58.6%), from €223,315 to €354,257
- Trade debts +€85,987
up €85,987 (+1393.2%), from €6,172 to €92,159
- Profit (loss) carried forward -€43,397
down €43,397 (-30.0%), from €144,856 to €101,459
- Tax, wage and social debts -€18,906
down €18,906 (-45.4%), from €41,609 to €22,704
- Current portion of long-term debt +€11,002
up €11,002 (+99.1%), from €11,104 to €22,106
- Gross operating margin -€37,200
down €37,200 (-41.5%), from €89,715 to €52,515
- Other operating charges +€14,556
up €14,556 (+873.9%), from €1,666 to €16,221
- Taxes -€10,789
down €10,789 (-91.3%), from €11,813 to €1,024
- Depreciation -€2,134
down €2,134 (-9.0%), from €23,684 to €21,550
- Financial charges +€1,865
up €1,865 (+22.1%), from €8,435 to €10,300
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 | €430,600 | €598,058 | +€167,458 | +38.9% |
| Fixed assets | 21/28 | €289,873 | €287,982 | -€1,891 | -0.7% |
| Tangible fixed assets | 22/27 | €279,873 | €287,982 | +€8,109 | +2.9% |
| Land and buildings | 22 | €245,024 | €231,884 | -€13,140 | -5.4% |
| Plant, machinery and equipment | 23 | €9,057 | €14,182 | +€5,125 | +56.6% |
| Furniture and vehicles | 24 | €25,792 | €41,916 | +€16,124 | +62.5% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100.0% |
| Current assets | 29/58 | €140,727 | €310,076 | +€169,350 | +120.3% |
| Stocks and contracts in progress | 3 | - | €146,547 | +€146,547 | |
| Stocks | 30/36 | - | €146,547 | +€146,547 | |
| Amounts receivable within one year | 40/41 | €51,462 | €139,581 | +€88,119 | +171.2% |
| Trade receivables | 40 | €50,591 | €130,548 | +€79,957 | +158.0% |
| Other amounts receivable | 41 | €872 | €9,033 | +€8,161 | +936.4% |
| Cash at bank and in hand | 54/58 | €87,111 | €21,548 | -€65,563 | -75.3% |
| Deferred charges and accrued income | 490/1 | €2,154 | €2,400 | +€246 | +11.4% |
| Total equity and liabilities | 10/49 | €430,600 | €598,058 | +€167,458 | +38.9% |
| Equity | 10/15 | €147,356 | €103,959 | -€43,397 | -29.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,856 | €101,459 | -€43,397 | -30.0% |
| Amounts payable | 17/49 | €283,243 | €494,099 | +€210,856 | +74.4% |
| Amounts payable after more than one year | 17 | €223,315 | €354,257 | +€130,942 | +58.6% |
| Financial debts | 170/4 | €223,315 | €354,257 | +€130,942 | +58.6% |
| Amounts payable within one year | 42/48 | €58,885 | €138,798 | +€79,914 | +135.7% |
| Current portion of amounts payable after more than one year | 42 | €11,104 | €22,106 | +€11,002 | +99.1% |
| Trade debts | 44 | €6,172 | €92,159 | +€85,987 | +1393.2% |
| Suppliers | 440/4 | €6,172 | €92,159 | +€85,987 | +1393.2% |
| Taxes, remuneration and social security | 45 | €41,609 | €22,704 | -€18,906 | -45.4% |
| Taxes | 450/3 | €41,609 | €22,704 | -€18,906 | -45.4% |
| Other amounts payable | 47/48 | - | €1,830 | +€1,830 | |
| Accrued charges and deferred income | 492/3 | €1,044 | €1,044 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52 | -€52 | -€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,684 | €21,550 | -€2,134 | -9.0% |
| Other operating charges | 640/8 | €1,666 | €16,221 | +€14,556 | +873.9% |
| Gross operating margin | 9900 | €89,715 | €52,515 | -€37,200 | -41.5% |
| Operating profit (loss) | 9901 | €64,314 | €14,795 | -€49,519 | -77.0% |
| Financial income | 75/76B | €0 | €190 | +€190 | +1904100.0% |
| Recurring financial income | 75 | €0 | €190 | +€190 | +1904100.0% |
| Financial charges | 65/66B | €8,435 | €10,300 | +€1,865 | +22.1% |
| Recurring financial charges | 65 | €8,435 | €10,300 | +€1,865 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €55,879 | €4,686 | -€51,194 | -91.6% |
| Income taxes | 67/77 | €11,813 | €1,024 | -€10,789 | -91.3% |
| Profit (loss) for the period | 9904 | €44,066 | €3,662 | -€40,405 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,066 | €3,662 | -€40,405 | -91.7% |
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 10 October 2026 via checked.be.