PROJECT - 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.
What changed
PROJECT - ENGINEERING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,029
2024 · -€17,216+€20,244
Equity
€404,973
2024 · €401,945+€3,029
Cash
€1,383
2024 · €5,021-€3,638
Balance sheet total
€453,051
2024 · €460,727-€7,676
Largest movements
Assets
- Tangible fixed assets -€6,321
down €6,321 (-3.0%), from €211,748 to €205,427
Equity and liabilities
- Trade debts -€5,252
down €5,252 (-23.4%), from €22,464 to €17,212
- Other debts -€4,821
down €4,821 (-64.7%), from €7,457 to €2,636
Income statement
- Gross operating margin +€23,932
up €23,932 (+27.3%), from €87,629 to €111,561
- Staff costs +€3,558
up €3,558 (+3.9%), from €92,377 to €95,935
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.
Result 2024
-€17,216
Gross operating margin
+€23,932
Staff costs
-€3,558
Other operating charges
-€364
Financial income
+€3
Financial charges
+€232
Result 2025
€3,029
raises the resultlowers the result
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.
From operations
-€3,513
Investment
-€125
Financing
€0
Cash 2024
€5,021
From operations (derived)
-€3,513
Net result for the year
+€3,029
Depreciation
+€6,321
Receivables within one year
+€342
Deferred charges and accrued income
-€2,500
Trade debts
-€5,252
Tax, wage and social debts
-€1,530
Other debts
-€4,821
Accrued charges and deferred income
+€898
Investment (derived)
-€125
Investment in fixed assets (net)
-€125
Cash 2025
€1,383
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,727 | €453,051 | -€7,676 | -1.7% |
| Fixed assets | 21/28 | €211,748 | €205,552 | -€6,196 | -2.9% |
| Tangible fixed assets | 22/27 | €211,748 | €205,427 | -€6,321 | -3.0% |
| Land and buildings | 22 | €211,748 | €205,427 | -€6,321 | -3.0% |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €248,978 | €247,499 | -€1,480 | -0.6% |
| Amounts receivable within one year | 40/41 | €243,458 | €243,116 | -€342 | -0.1% |
| Trade receivables | 40 | €180,839 | €170,696 | -€10,143 | -5.6% |
| Other amounts receivable | 41 | €62,618 | €72,420 | +€9,801 | +15.7% |
| Cash at bank and in hand | 54/58 | €5,021 | €1,383 | -€3,638 | -72.5% |
| Deferred charges and accrued income | 490/1 | €500 | €3,000 | +€2,500 | +500% |
| Total equity and liabilities | 10/49 | €460,727 | €453,051 | -€7,676 | -1.7% |
| Equity | 10/15 | €401,945 | €404,973 | +€3,029 | +0.8% |
| Contributions | 10/11 | €363,218 | €363,218 | = | 0.0% |
| Reserves | 13 | €12,367 | €12,367 | = | 0.0% |
| Distributable reserves | 133 | €12,367 | €12,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,360 | €29,388 | +€3,029 | +11.5% |
| Amounts payable | 17/49 | €58,782 | €48,077 | -€10,705 | -18.2% |
| Amounts payable within one year | 42/48 | €58,211 | €46,608 | -€11,603 | -19.9% |
| Trade debts | 44 | €22,464 | €17,212 | -€5,252 | -23.4% |
| Suppliers | 440/4 | €22,464 | €17,212 | -€5,252 | -23.4% |
| Taxes, remuneration and social security | 45 | €28,289 | €26,760 | -€1,530 | -5.4% |
| Taxes | 450/3 | €8,721 | €6,524 | -€2,196 | -25.2% |
| Remuneration and social security | 454/9 | €19,569 | €20,235 | +€666 | +3.4% |
| Other amounts payable | 47/48 | €7,457 | €2,636 | -€4,821 | -64.7% |
| Accrued charges and deferred income | 492/3 | €571 | €1,470 | +€898 | +157% |
| Remuneration, social security and pensions | 62 | €92,377 | €95,935 | +€3,558 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,321 | €6,321 | = | 0.0% |
| Other operating charges | 640/8 | €4,862 | €5,227 | +€364 | +7.5% |
| Gross operating margin | 9900 | €87,629 | €111,561 | +€23,932 | +27.3% |
| Operating profit (loss) | 9901 | -€15,931 | €4,078 | +€20,010 | |
| Financial income | 75/76B | €85 | €88 | +€3 | +3.7% |
| Recurring financial income | 75 | €85 | €88 | +€3 | +3.7% |
| Financial charges | 65/66B | €1,369 | €1,137 | -€232 | -16.9% |
| Recurring financial charges | 65 | €1,369 | €1,137 | -€232 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,216 | €3,029 | +€20,244 | |
| Profit (loss) for the period | 9904 | -€17,216 | €3,029 | +€20,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,216 | €3,029 | +€20,244 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.