SHOOTING GALLERY: what changed
What changed
SHOOTING GALLERY
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€143,245
2024 · €106,493+€36,752
Equity
€346,654
2024 · €343,410+€3,245
Cash
€251,975
2024 · €268,909-€16,934
Balance sheet total
€767,665
2024 · €764,387+€3,278
Largest movements
Assets
- Tangible fixed assets +€18,572
up €18,572 (+3.9%), from €472,073 to €490,645
of which Land and buildings: +€22,447
- Cash -€16,934
down €16,934 (-6.3%), from €268,909 to €251,975
mainly Contributions, distributions and other (-€140,000) and Tax, wage and social debts (-€63,515)
Equity and liabilities
- Tax, wage and social debts -€63,515
down €63,515 (-83.8%), from €75,831 to €12,316
- Other debts +€40,000
up €40,000 (+40.0%), from €100,000 to €140,000
- Accrued charges and deferred income +€23,549
up €23,549 (+9.6%), from €245,146 to €268,695
Income statement
- Gross operating margin +€54,972
up €54,972 (+30.0%), from €183,444 to €238,415
- Taxes +€12,284
up €12,284 (+36.6%), from €33,517 to €45,801
- Depreciation +€3,172
up €3,172 (+8.5%), from €37,156 to €40,328
- Other operating charges +€2,396
up €2,396 (+39.4%), from €6,084 to €8,479
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.
Result 2024
€106,493
Gross operating margin
+€54,972
Depreciation
-€3,172
Other operating charges
-€2,396
Financial charges
-€368
Taxes
-€12,284
Result 2025
€143,245
raises the resultlowers the result
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.
From operations
+€181,966
Investment
-€58,900
Financing
-€140,000
Cash 2024
€268,909
From operations (derived)
+€181,966
Net result for the year
+€143,245
Depreciation
+€40,328
Receivables within one year
-€7,206
Deferred charges and accrued income
+€5,566
Tax, wage and social debts
-€63,515
Other debts
+€40,000
Accrued charges and deferred income
+€23,549
Investment (derived)
-€58,900
Investment in fixed assets (net)
-€58,900
Financing
-€140,000
Contributions, distributions and other
-€140,000
Cash 2025
€251,975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,387 | €767,665 | +€3,278 | +0.4% |
| Fixed assets | 21/28 | €473,336 | €491,908 | +€18,572 | +3.9% |
| Tangible fixed assets | 22/27 | €472,073 | €490,645 | +€18,572 | +3.9% |
| Land and buildings | 22 | €449,074 | €471,521 | +€22,447 | +5.0% |
| Plant, machinery and equipment | 23 | €22,587 | €19,124 | -€3,463 | -15.3% |
| Furniture and vehicles | 24 | €412 | €0 | -€412 | -100% |
| Financial fixed assets | 28 | €1,263 | €1,263 | = | 0.0% |
| Current assets | 29/58 | €291,052 | €275,757 | -€15,294 | -5.3% |
| Amounts receivable within one year | 40/41 | €16,293 | €23,499 | +€7,206 | +44.2% |
| Trade receivables | 40 | €1,089 | €9,222 | +€8,133 | +747% |
| Other amounts receivable | 41 | €15,204 | €14,277 | -€927 | -6.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €268,909 | €251,975 | -€16,934 | -6.3% |
| Deferred charges and accrued income | 490/1 | €5,850 | €284 | -€5,566 | -95.1% |
| Total equity and liabilities | 10/49 | €764,387 | €767,665 | +€3,278 | +0.4% |
| Equity | 10/15 | €343,410 | €346,654 | +€3,245 | +0.9% |
| Contributions | 10/11 | €83,600 | €83,600 | = | 0.0% |
| Reserves | 13 | €259,810 | €263,054 | +€3,245 | +1.2% |
| Non-distributable reserves | 130/1 | €8,360 | €8,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,360 | - | -€8,360 | |
| Other | 1319 | - | €8,360 | +€8,360 | |
| Tax-exempt reserves | 132 | €11,889 | €11,889 | = | 0.0% |
| Distributable reserves | 133 | €239,561 | €242,806 | +€3,245 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €420,977 | €421,011 | +€34 | 0.0% |
| Amounts payable within one year | 42/48 | €175,831 | €152,316 | -€23,515 | -13.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €75,831 | €12,316 | -€63,515 | -83.8% |
| Taxes | 450/3 | €75,831 | €12,316 | -€63,515 | -83.8% |
| Other amounts payable | 47/48 | €100,000 | €140,000 | +€40,000 | +40.0% |
| Accrued charges and deferred income | 492/3 | €245,146 | €268,695 | +€23,549 | +9.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,156 | €40,328 | +€3,172 | +8.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €6,084 | €8,479 | +€2,396 | +39.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €183,444 | €238,415 | +€54,972 | +30.0% |
| Operating profit (loss) | 9901 | €140,204 | €189,608 | +€49,404 | +35.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €194 | €562 | +€368 | +190% |
| Recurring financial charges | 65 | €194 | €562 | +€368 | +190% |
| Profit (loss) for the period before taxes | 9903 | €140,010 | €189,046 | +€49,036 | +35.0% |
| Income taxes | 67/77 | €33,517 | €45,801 | +€12,284 | +36.6% |
| Profit (loss) for the period | 9904 | €106,493 | €143,245 | +€36,752 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,493 | €143,245 | +€36,752 | +34.5% |
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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 3 November 2026 via checked.be.