PROJECT ENGINEERING AND CONTRACTING: 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.
What changed
PROJECT ENGINEERING AND CONTRACTING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€26,519
2024 · €33,611-€7,093
Equity
€261,585
2024 · €235,066+€26,519
Cash
€10.3m
2024 · €9.0m+€1.2m
Balance sheet total
€18.0m
2024 · €16.0m+€2.0m
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+13.3%), from €9.0m to €10.3m
mainly Other debts (+€888,448) and Advances received (+€835,797)
- Receivables within one year +€720,612
up €720,612 (+11.6%), from €6.2m to €7.0m
of which Trade receivables: +€888,193
Equity and liabilities
- Other debts +€888,448
up €888,448 (+177.5%), from €500,559 to €1.4m
- Advances received +€835,797
up €835,797 (+9.5%), from €8.8m to €9.6m
- Accrued charges and deferred income -€385,988
down €385,988 (-44.0%), from €877,477 to €491,489
- Trade debts +€339,177
up €339,177 (+7.1%), from €4.8m to €5.1m
- Tax, wage and social debts +€304,838
up €304,838 (+38.1%), from €799,628 to €1.1m
of which Remuneration and social security: +€277,462
Income statement
- Goods and materials -€6.8m
down €6.8m (-49.5%), from €13.8m to €6.9m
of which Purchases: -€6.8m
- Turnover -€5.5m
down €5.5m (-27.4%), from €20.1m to €14.6m
- Staff costs +€957,816
up €957,816 (+21.1%), from €4.5m to €5.5m
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
€33,611
Turnover
-€5.5m
Other operating income
+€80,272
Goods and materials
+€6.8m
Services and other goods
-€175,124
Staff costs
-€957,816
Depreciation
-€93,016
Other operating charges
-€15,129
Other operating items
-€1,056
Financial income
-€98,892
Financial charges
-€50,446
Taxes
+€5,001
Result 2025
€26,519
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.
From operations
+€1.5m
Investment
-€280,868
Financing
€0
Cash 2024
€9.0m
From operations (derived)
+€1.5m
Net result for the year
+€26,519
Depreciation
+€158,044
Stocks and contracts
-€44,107
Receivables within one year
-€720,612
Deferred charges and accrued income
+€84,863
Trade debts
+€339,177
Tax, wage and social debts
+€304,838
Advances received
+€835,797
Other debts
+€888,448
Accrued charges and deferred income
-€385,988
Investment (derived)
-€280,868
Investment in fixed assets (net)
-€280,868
Cash 2025
€10.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,963,527 | €17,972,317 | +€2.0m | +12.6% |
| Fixed assets | 21/28 | €398,049 | €520,873 | +€122,824 | +30.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €398,049 | €520,873 | +€122,824 | +30.9% |
| Plant, machinery and equipment | 23 | €375,085 | €494,686 | +€119,601 | +31.9% |
| Furniture and vehicles | 24 | €22,964 | €26,187 | +€3,223 | +14.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €15,565,478 | €17,451,444 | +€1.9m | +12.1% |
| Stocks and contracts in progress | 3 | €118,673 | €162,779 | +€44,107 | +37.2% |
| Stocks | 30/36 | €118,673 | €162,779 | +€44,107 | +37.2% |
| Goods purchased for resale | 34 | €118,673 | €162,779 | +€44,107 | +37.2% |
| Amounts receivable within one year | 40/41 | €6,236,270 | €6,956,881 | +€720,612 | +11.6% |
| Trade receivables | 40 | €5,846,358 | €6,734,551 | +€888,193 | +15.2% |
| Other amounts receivable | 41 | €389,911 | €222,330 | -€167,581 | -43.0% |
| Cash at bank and in hand | 54/58 | €9,048,173 | €10,254,284 | +€1.2m | +13.3% |
| Deferred charges and accrued income | 490/1 | €162,363 | €77,499 | -€84,863 | -52.3% |
| Total equity and liabilities | 10/49 | €15,963,527 | €17,972,317 | +€2.0m | +12.6% |
| Equity | 10/15 | €235,066 | €261,585 | +€26,519 | +11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €22,123 | €22,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €15,923 | €15,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,943 | €177,462 | +€26,519 | +17.6% |
| Amounts payable | 17/49 | €15,728,461 | €17,710,732 | +€2.0m | +12.6% |
| Amounts payable within one year | 42/48 | €14,850,984 | €17,219,244 | +€2.4m | +15.9% |
| Trade debts | 44 | €4,760,246 | €5,099,423 | +€339,177 | +7.1% |
| Suppliers | 440/4 | €4,760,246 | €5,099,423 | +€339,177 | +7.1% |
| Advances received on contracts in progress | 46 | €8,790,551 | €9,626,348 | +€835,797 | +9.5% |
| Taxes, remuneration and social security | 45 | €799,628 | €1,104,465 | +€304,838 | +38.1% |
| Taxes | 450/3 | €0 | €27,375 | +€27,375 | |
| Remuneration and social security | 454/9 | €799,628 | €1,077,090 | +€277,462 | +34.7% |
| Other amounts payable | 47/48 | €500,559 | €1,389,007 | +€888,448 | +177.5% |
| Accrued charges and deferred income | 492/3 | €877,477 | €491,489 | -€385,988 | -44.0% |
| Operating income | 70/76A | €20,646,044 | €15,213,116 | -€5.4m | -26.3% |
| Turnover | 70 | €20,115,378 | €14,603,208 | -€5.5m | -27.4% |
| Other operating income | 74 | €529,636 | €609,908 | +€80,272 | +15.2% |
| Non-recurring operating income | 76A | €1,031 | €0 | -€1,031 | -100.0% |
| Operating charges | 60/66A | €20,836,584 | €15,266,411 | -€5.6m | -26.7% |
| Goods for resale, raw materials and consumables | 60 | €13,751,005 | €6,939,722 | -€6.8m | -49.5% |
| Purchases | 600/8 | €13,739,861 | €6,983,828 | -€6.8m | -49.2% |
| Change in stocks: decrease (increase) | 609 | €11,144 | -€44,107 | -€55,251 | |
| Services and other goods | 61 | €2,469,952 | €2,645,075 | +€175,124 | +7.1% |
| Remuneration, social security and pensions | 62 | €4,543,994 | €5,501,810 | +€957,816 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,028 | €158,044 | +€93,016 | +143.0% |
| Other operating charges | 640/8 | €6,605 | €21,734 | +€15,129 | +229.0% |
| Non-recurring operating charges | 66A | €0 | €25 | +€25 | |
| Operating profit (loss) | 9901 | -€190,540 | -€53,295 | +€137,245 | +72.0% |
| Financial income | 75/76B | €406,018 | €307,126 | -€98,892 | -24.4% |
| Recurring financial income | 75 | €406,017 | €307,116 | -€98,900 | -24.4% |
| Income from current assets | 751 | €388,489 | €197,674 | -€190,814 | -49.1% |
| Other financial income | 752/9 | €17,528 | €109,442 | +€91,914 | +524.4% |
| Non-recurring financial income | 76B | €2 | €10 | +€8 | +488.0% |
| Financial charges | 65/66B | €122,021 | €172,467 | +€50,446 | +41.3% |
| Recurring financial charges | 65 | €121,950 | €172,195 | +€50,245 | +41.2% |
| Debt charges | 650 | €6,617 | €32,665 | +€26,047 | +393.6% |
| Other financial charges | 652/9 | €115,333 | €139,531 | +€24,198 | +21.0% |
| Non-recurring financial charges | 66B | €70 | €271 | +€201 | +285.5% |
| Profit (loss) for the period before taxes | 9903 | €93,458 | €81,364 | -€12,093 | -12.9% |
| Income taxes | 67/77 | €59,846 | €54,846 | -€5,001 | -8.4% |
| Taxes | 670/3 | €59,846 | €54,846 | -€5,001 | -8.4% |
| Profit (loss) for the period | 9904 | €33,611 | €26,519 | -€7,093 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,611 | €26,519 | -€7,093 | -21.1% |
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 7 October 2026 via checked.be.