S.E. 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.
S.E. Engineering
Largest movements
- Receivables within one year +€18,658
up €18,658 (+153.7%), from €12,142 to €30,800
of which Trade receivables: +€18,985
- Tangible fixed assets -€9,887
down €9,887 (-59.9%), from €16,504 to €6,617
of which Furniture and vehicles: -€9,767
- Cash -€6,823
down €6,823 (-10.8%), from €63,116 to €56,293
mainly Contributions, distributions and other (-€32,786) and Receivables within one year (-€18,658)
- Other debts -€16,114
down €16,114 (-23.6%), from €68,164 to €52,050
- Trade debts +€15,044
up €15,044 (+119.5%), from €12,585 to €27,629
- Tax, wage and social debts +€3,659
up €3,659 (+45.7%), from €8,013 to €11,672
of which Taxes: +€1,946
- Depreciation -€5,938
down €5,938 (-58.9%), from €10,087 to €4,149
- Taxes +€1,946
up €1,946 (+24.3%), from €8,013 to €9,959
- Gross operating margin +€570
up €570 (+1.2%), from €48,353 to €48,923
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 | €91,762 | €94,351 | +€2,589 | +2.8% |
| Fixed assets | 21/28 | €16,504 | €6,617 | -€9,887 | -59.9% |
| Tangible fixed assets | 22/27 | €16,504 | €6,617 | -€9,887 | -59.9% |
| Plant, machinery and equipment | 23 | €120 | - | -€120 | |
| Furniture and vehicles | 24 | €16,384 | €6,617 | -€9,767 | -59.6% |
| Current assets | 29/58 | €75,258 | €87,734 | +€12,476 | +16.6% |
| Amounts receivable within one year | 40/41 | €12,142 | €30,800 | +€18,658 | +153.7% |
| Trade receivables | 40 | €11,565 | €30,550 | +€18,985 | +164.1% |
| Other amounts receivable | 41 | €576 | €250 | -€327 | -56.7% |
| Cash at bank and in hand | 54/58 | €63,116 | €56,293 | -€6,823 | -10.8% |
| Deferred charges and accrued income | 490/1 | - | €641 | +€641 | |
| Total equity and liabilities | 10/49 | €91,762 | €94,351 | +€2,589 | +2.8% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €88,762 | €91,351 | +€2,589 | +2.9% |
| Amounts payable within one year | 42/48 | €88,762 | €91,351 | +€2,589 | +2.9% |
| Trade debts | 44 | €12,585 | €27,629 | +€15,044 | +119.5% |
| Suppliers | 440/4 | €12,585 | €27,629 | +€15,044 | +119.5% |
| Taxes, remuneration and social security | 45 | €8,013 | €11,672 | +€3,659 | +45.7% |
| Taxes | 450/3 | €8,013 | €9,959 | +€1,946 | +24.3% |
| Remuneration and social security | 454/9 | - | €1,713 | +€1,713 | |
| Other amounts payable | 47/48 | €68,164 | €52,050 | -€16,114 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,087 | €4,149 | -€5,938 | -58.9% |
| Other operating charges | 640/8 | €960 | €1,106 | +€146 | +15.2% |
| Non-recurring operating charges | 66A | €192 | €868 | +€676 | +351.3% |
| Gross operating margin | 9900 | €48,353 | €48,923 | +€570 | +1.2% |
| Operating profit (loss) | 9901 | €37,114 | €42,801 | +€5,686 | +15.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €51 | €55 | +€4 | +8.6% |
| Recurring financial charges | 65 | €51 | €55 | +€4 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €37,064 | €42,745 | +€5,681 | +15.3% |
| Income taxes | 67/77 | €8,013 | €9,959 | +€1,946 | +24.3% |
| Profit (loss) for the period | 9904 | €29,051 | €32,786 | +€3,735 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,051 | €32,786 | +€3,735 | +12.9% |
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 8 October 2026 via checked.be.