MY ENGINEERING: 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.
MY ENGINEERING
Largest movements
- Cash +€613,549
up €613,549 (+352.1%), from €174,255 to €787,804
mainly Receivables within one year (+€424,724) and Other debts (+€240,938)
- Receivables within one year -€424,724
down €424,724 (-46.6%), from €910,521 to €485,798
of which Trade receivables: -€425,711
- Other debts +€240,938
up €240,938 (+276.1%), from €87,280 to €328,218
- Profit (loss) carried forward -€149,898
down €149,898 (-24.9%), from €600,975 to €451,076
- Tax, wage and social debts +€61,259
up €61,259 (+52.3%), from €117,227 to €178,486
of which Remuneration and social security: +€35,090
- Trade debts +€59,573
up €59,573 (+24.4%), from €244,633 to €304,205
- Current portion of long-term debt -€16,312
down €16,312 (-17.4%), from €93,756 to €77,444
- Staff costs +€231,722
up €231,722 (+24.2%), from €955,582 to €1.2m
- Gross operating margin +€213,998
up €213,998 (+16.0%), from €1.3m to €1.6m
- Depreciation -€16,740
down €16,740 (-21.2%), from €79,085 to €62,345
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 | €1,263,189 | €1,439,279 | +€176,090 | +13.9% |
| Fixed assets | 21/28 | €166,973 | €154,579 | -€12,394 | -7.4% |
| Tangible fixed assets | 22/27 | €161,940 | €149,546 | -€12,394 | -7.7% |
| Furniture and vehicles | 24 | €161,940 | €90,804 | -€71,137 | -43.9% |
| Other tangible fixed assets | 26 | - | €58,742 | +€58,742 | |
| Financial fixed assets | 28 | €5,033 | €5,033 | = | 0.0% |
| Current assets | 29/58 | €1,096,216 | €1,284,700 | +€188,484 | +17.2% |
| Amounts receivable within one year | 40/41 | €910,521 | €485,798 | -€424,724 | -46.6% |
| Trade receivables | 40 | €908,057 | €482,346 | -€425,711 | -46.9% |
| Other amounts receivable | 41 | €2,464 | €3,452 | +€988 | +40.1% |
| Cash at bank and in hand | 54/58 | €174,255 | €787,804 | +€613,549 | +352.1% |
| Deferred charges and accrued income | 490/1 | €11,440 | €11,099 | -€341 | -3.0% |
| Total equity and liabilities | 10/49 | €1,263,189 | €1,439,279 | +€176,090 | +13.9% |
| Equity | 10/15 | €621,435 | €471,536 | -€149,898 | -24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €600,975 | €451,076 | -€149,898 | -24.9% |
| Amounts payable | 17/49 | €641,754 | €967,743 | +€325,988 | +50.8% |
| Amounts payable after more than one year | 17 | €92,828 | €79,359 | -€13,469 | -14.5% |
| Financial debts | 170/4 | €92,828 | €79,359 | -€13,469 | -14.5% |
| Amounts payable within one year | 42/48 | €542,896 | €888,353 | +€345,457 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €93,756 | €77,444 | -€16,312 | -17.4% |
| Trade debts | 44 | €244,633 | €304,205 | +€59,573 | +24.4% |
| Suppliers | 440/4 | €244,633 | €304,205 | +€59,573 | +24.4% |
| Taxes, remuneration and social security | 45 | €117,227 | €178,486 | +€61,259 | +52.3% |
| Taxes | 450/3 | €33,395 | €59,564 | +€26,169 | +78.4% |
| Remuneration and social security | 454/9 | €83,832 | €118,922 | +€35,090 | +41.9% |
| Other amounts payable | 47/48 | €87,280 | €328,218 | +€240,938 | +276.1% |
| Accrued charges and deferred income | 492/3 | €6,031 | €30 | -€6,000 | -99.5% |
| Remuneration, social security and pensions | 62 | €955,582 | €1,187,304 | +€231,722 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,085 | €62,345 | -€16,740 | -21.2% |
| Other operating charges | 640/8 | €9,875 | €9,012 | -€863 | -8.7% |
| Non-recurring operating charges | 66A | - | €6,058 | +€6,058 | |
| Gross operating margin | 9900 | €1,340,814 | €1,554,812 | +€213,998 | +16.0% |
| Operating profit (loss) | 9901 | €296,272 | €290,093 | -€6,179 | -2.1% |
| Financial income | 75/76B | €139 | €4 | -€136 | -97.5% |
| Recurring financial income | 75 | €139 | €4 | -€136 | -97.5% |
| Financial charges | 65/66B | €13,045 | €9,078 | -€3,967 | -30.4% |
| Recurring financial charges | 65 | €11,749 | €9,078 | -€2,671 | -22.7% |
| Non-recurring financial charges | 66B | €1,296 | - | -€1,296 | |
| Profit (loss) for the period before taxes | 9903 | €283,366 | €281,018 | -€2,348 | -0.8% |
| Income taxes | 67/77 | €77,536 | €77,976 | +€440 | +0.6% |
| Profit (loss) for the period | 9904 | €205,831 | €203,043 | -€2,788 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €205,831 | €203,043 | -€2,788 | -1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.