SERVICES ENGINEERING 4 PROJECTS: 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.
SERVICES ENGINEERING 4 PROJECTS
Largest movements
- Receivables within one year +€43,341
up €43,341 (+1247.0%), from €3,476 to €46,817
of which Trade receivables: +€44,967
- Cash +€35,350
up €35,350 (+188330.7%), from €19 to €35,368
mainly Advances received (+€54,925) and Trade debts (+€17,019)
- Tangible fixed assets +€5,323
up €5,323 (+64.1%), from €8,301 to €13,624
of which Plant, machinery and equipment: +€8,717
- Advances received +€54,925
new in 2025: €54,925
- Trade debts +€17,019
up €17,019 (+751.4%), from €2,265 to €19,283
- Other debts +€5,356
up €5,356 (+11.7%), from €45,593 to €50,949
- Tax, wage and social debts +€4,541
new in 2025: €4,541
- Profit (loss) carried forward +€2,202
up €2,202 (+4.7%), from -€46,366 to -€44,164
- Gross operating margin +€17,397
up €17,397, from -€2,344 to €15,053
- Other operating charges +€2,382
up €2,382 (+50.6%), from €4,710 to €7,092
- Depreciation +€657
up €657 (+14.1%), from €4,672 to €5,329
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 | €13,892 | €97,934 | +€84,042 | +605.0% |
| Fixed assets | 21/28 | €8,451 | €13,774 | +€5,323 | +63.0% |
| Tangible fixed assets | 22/27 | €8,301 | €13,624 | +€5,323 | +64.1% |
| Plant, machinery and equipment | 23 | €1,644 | €10,360 | +€8,717 | +530.4% |
| Furniture and vehicles | 24 | €6,657 | €3,264 | -€3,394 | -51.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €5,441 | €84,160 | +€78,719 | +1446.7% |
| Amounts receivable within one year | 40/41 | €3,476 | €46,817 | +€43,341 | +1247.0% |
| Trade receivables | 40 | €1,210 | €46,177 | +€44,967 | +3716.3% |
| Other amounts receivable | 41 | €2,266 | €639 | -€1,626 | -71.8% |
| Cash at bank and in hand | 54/58 | €19 | €35,368 | +€35,350 | +188330.7% |
| Deferred charges and accrued income | 490/1 | €1,947 | €1,975 | +€28 | +1.4% |
| Total equity and liabilities | 10/49 | €13,892 | €97,934 | +€84,042 | +605.0% |
| Equity | 10/15 | -€33,966 | -€31,764 | +€2,202 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,366 | -€44,164 | +€2,202 | +4.7% |
| Amounts payable | 17/49 | €47,858 | €129,698 | +€81,840 | +171.0% |
| Amounts payable within one year | 42/48 | €47,858 | €129,698 | +€81,840 | +171.0% |
| Trade debts | 44 | €2,265 | €19,283 | +€17,019 | +751.4% |
| Suppliers | 440/4 | €2,265 | €19,283 | +€17,019 | +751.4% |
| Advances received on contracts in progress | 46 | - | €54,925 | +€54,925 | |
| Taxes, remuneration and social security | 45 | - | €4,541 | +€4,541 | |
| Taxes | 450/3 | - | €4,541 | +€4,541 | |
| Other amounts payable | 47/48 | €45,593 | €50,949 | +€5,356 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,672 | €5,329 | +€657 | +14.1% |
| Other operating charges | 640/8 | €4,710 | €7,092 | +€2,382 | +50.6% |
| Gross operating margin | 9900 | -€2,344 | €15,053 | +€17,397 | |
| Operating profit (loss) | 9901 | -€11,725 | €2,633 | +€14,358 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €426 | €432 | +€6 | +1.3% |
| Recurring financial charges | 65 | €426 | €432 | +€6 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,151 | €2,202 | +€14,353 | |
| Profit (loss) for the period | 9904 | -€12,151 | €2,202 | +€14,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,151 | €2,202 | +€14,353 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.