OPEN ENGINEERING: what changed
OPEN ENGINEERING
Largest movements
- Receivables within one year -€188,685
down €188,685 (-20.8%), from €906,481 to €717,796
of which Other amounts receivable: -€156,884
- Stocks and contracts +€163,500
up €163,500 (+57.9%), from €282,250 to €445,750
- Intangible fixed assets -€70,002
down €70,002 (-6.8%), from €1.0m to €966,627
- Cash +€55,938
up €55,938 (+54.5%), from €102,686 to €158,624
mainly Depreciation (+€459,066) and Receivables within one year (+€188,685)
- Short-term financial debts +€77,337
up €77,337 (+18.3%), from €423,052 to €500,389
- Advances received -€50,000
down €50,000 (-20.7%), from €241,250 to €191,250
- Other debts -€26,620
down €26,620 (-27.8%), from €95,908 to €69,288
- Profit (loss) carried forward -€25,807
down €25,807 (-8.9%), from -€291,128 to -€316,935
- Turnover +€170,962
up €170,962 (+15.6%), from €1.1m to €1.3m
- Purchases and services +€146,783
up €146,783 (+98.1%), from €149,700 to €296,483
- Financial charges +€62,786
up €62,786 (+450%), from €13,953 to €76,739
of which Non-recurring financial charges: +€59,000
- Financial income +€39,134
up €39,134 (+11.5%), from €340,066 to €379,200
of which Non-recurring financial income: +€59,000
- Gross operating margin +€24,179
up €24,179 (+2.6%), from €944,987 to €969,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,349,934 | €2,305,661 | -€44,274 | -1.9% |
| Fixed assets | 21/28 | €1,043,024 | €972,524 | -€70,500 | -6.8% |
| Intangible fixed assets | 21 | €1,036,629 | €966,627 | -€70,002 | -6.8% |
| Tangible fixed assets | 22/27 | €1,225 | €727 | -€498 | -40.7% |
| Plant, machinery and equipment | 23 | €1,225 | €727 | -€498 | -40.7% |
| Financial fixed assets | 28 | €5,171 | €5,171 | = | 0.0% |
| Current assets | 29/58 | €1,306,910 | €1,333,137 | +€26,227 | +2.0% |
| Stocks and contracts in progress | 3 | €282,250 | €445,750 | +€163,500 | +57.9% |
| Contracts in progress | 37 | €282,250 | €445,750 | +€163,500 | +57.9% |
| Amounts receivable within one year | 40/41 | €906,481 | €717,796 | -€188,685 | -20.8% |
| Trade receivables | 40 | €142,387 | €110,586 | -€31,801 | -22.3% |
| Other amounts receivable | 41 | €764,094 | €607,210 | -€156,884 | -20.5% |
| Cash at bank and in hand | 54/58 | €102,686 | €158,624 | +€55,938 | +54.5% |
| Deferred charges and accrued income | 490/1 | €15,493 | €10,966 | -€4,526 | -29.2% |
| Total equity and liabilities | 10/49 | €2,349,934 | €2,305,661 | -€44,274 | -1.9% |
| Equity | 10/15 | €1,156,183 | €1,107,667 | -€48,516 | -4.2% |
| Contributions | 10/11 | €958,220 | €958,220 | = | 0.0% |
| Capital | 10 | €958,220 | €958,220 | = | 0.0% |
| Issued capital | 100 | €958,220 | €958,220 | = | 0.0% |
| Reserves | 13 | €3,685 | €3,685 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,685 | €3,685 | = | 0.0% |
| Legal reserve | 130 | €3,685 | €3,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,128 | -€316,935 | -€25,807 | -8.9% |
| Investment grants | 15 | €485,406 | €462,697 | -€22,709 | -4.7% |
| Amounts payable | 17/49 | €1,193,752 | €1,197,994 | +€4,242 | +0.4% |
| Amounts payable within one year | 42/48 | €1,193,653 | €1,197,895 | +€4,242 | +0.4% |
| Financial debts | 43 | €423,052 | €500,389 | +€77,337 | +18.3% |
| Credit institutions | 430/8 | €423,052 | €500,389 | +€77,337 | +18.3% |
| Trade debts | 44 | €299,707 | €283,767 | -€15,941 | -5.3% |
| Suppliers | 440/4 | €299,707 | €283,767 | -€15,941 | -5.3% |
| Advances received on contracts in progress | 46 | €241,250 | €191,250 | -€50,000 | -20.7% |
| Taxes, remuneration and social security | 45 | €133,735 | €153,201 | +€19,466 | +14.6% |
| Taxes | 450/3 | €9,527 | €11,033 | +€1,506 | +15.8% |
| Remuneration and social security | 454/9 | €124,208 | €142,168 | +€17,959 | +14.5% |
| Other amounts payable | 47/48 | €95,908 | €69,288 | -€26,620 | -27.8% |
| Accrued charges and deferred income | 492/3 | €99 | €99 | = | 0.0% |
| Turnover | 70 | €1,094,687 | €1,265,649 | +€170,962 | +15.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €149,700 | €296,483 | +€146,783 | +98.1% |
| Remuneration, social security and pensions | 62 | €823,698 | €843,899 | +€20,201 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464,491 | €459,066 | -€5,425 | -1.2% |
| Other operating charges | 640/8 | €3,515 | €3,684 | +€169 | +4.8% |
| Gross operating margin | 9900 | €944,987 | €969,166 | +€24,179 | +2.6% |
| Operating profit (loss) | 9901 | -€346,717 | -€337,484 | +€9,233 | +2.7% |
| Financial income | 75/76B | €340,066 | €379,200 | +€39,134 | +11.5% |
| Recurring financial income | 75 | €340,066 | €320,200 | -€19,866 | -5.8% |
| Non-recurring financial income | 76B | - | €59,000 | +€59,000 | |
| Financial charges | 65/66B | €13,953 | €76,739 | +€62,786 | +450% |
| Recurring financial charges | 65 | €13,953 | €17,739 | +€3,786 | +27.1% |
| Non-recurring financial charges | 66B | - | €59,000 | +€59,000 | |
| Profit (loss) for the period before taxes | 9903 | -€20,604 | -€35,022 | -€14,418 | -70.0% |
| Income taxes | 67/77 | -€21,590 | -€9,215 | +€12,375 | +57.3% |
| Profit (loss) for the period | 9904 | €986 | -€25,807 | -€26,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €986 | -€25,807 | -€26,793 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.