STUDIEBUREAU ENGITOP: 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.
STUDIEBUREAU ENGITOP
Largest movements
- Tangible fixed assets -€51,718
down €51,718 (-12.2%), from €423,547 to €371,829
of which Land and buildings: -€45,772
- Receivables within one year +€32,948
up €32,948 (+24.0%), from €137,549 to €170,497
of which Other amounts receivable: +€29,617
- Cash -€14,937
down €14,937 (-62.4%), from €23,937 to €9,001
mainly Net result for the year (-€47,563) and Receivables within one year (-€32,948)
- Profit (loss) carried forward -€45,356
new in 2025: -€45,356
- Trade debts +€28,755
up €28,755 (+79.4%), from €36,236 to €64,991
- Debts after one year -€14,874
down €14,874 (-6.1%), from €245,272 to €230,398
- Gross operating margin -€58,887
down €58,887, from €56,565 to -€2,322
- Taxes -€8,075
down €8,075 (-93.0%), from €8,685 to €610
- Financial charges +€834
up €834 (+11.2%), from €7,436 to €8,270
- Financial income -€690
down €690 (-3.1%), from €22,416 to €21,726
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,157 | €1,087,163 | -€33,993 | -3.0% |
| Fixed assets | 21/28 | €423,547 | €371,829 | -€51,718 | -12.2% |
| Tangible fixed assets | 22/27 | €423,547 | €371,829 | -€51,718 | -12.2% |
| Land and buildings | 22 | €404,712 | €358,940 | -€45,772 | -11.3% |
| Plant, machinery and equipment | 23 | €2,057 | €675 | -€1,382 | -67.2% |
| Furniture and vehicles | 24 | €15,577 | €11,014 | -€4,564 | -29.3% |
| Other tangible fixed assets | 26 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €697,610 | €715,334 | +€17,724 | +2.5% |
| Amounts receivable after more than one year | 29 | €508,000 | €508,000 | = | 0.0% |
| Other amounts receivable | 291 | €508,000 | €508,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €137,549 | €170,497 | +€32,948 | +24.0% |
| Trade receivables | 40 | €65,720 | €69,052 | +€3,332 | +5.1% |
| Other amounts receivable | 41 | €71,829 | €101,445 | +€29,617 | +41.2% |
| Cash at bank and in hand | 54/58 | €23,937 | €9,001 | -€14,937 | -62.4% |
| Deferred charges and accrued income | 490/1 | €28,124 | €27,836 | -€288 | -1.0% |
| Total equity and liabilities | 10/49 | €1,121,157 | €1,087,163 | -€33,993 | -3.0% |
| Equity | 10/15 | €809,445 | €761,882 | -€47,563 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €803,245 | €801,037 | -€2,208 | -0.3% |
| Distributable reserves | 133 | €803,245 | €801,037 | -€2,208 | -0.3% |
| Profit (loss) carried forward | 14 | - | -€45,356 | -€45,356 | |
| Amounts payable | 17/49 | €311,712 | €325,282 | +€13,570 | +4.4% |
| Amounts payable after more than one year | 17 | €245,272 | €230,398 | -€14,874 | -6.1% |
| Financial debts | 170/4 | €245,272 | €230,398 | -€14,874 | -6.1% |
| Amounts payable within one year | 42/48 | €66,440 | €94,674 | +€28,234 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | €20,416 | €20,749 | +€334 | +1.6% |
| Trade debts | 44 | €36,236 | €64,991 | +€28,755 | +79.4% |
| Suppliers | 440/4 | €36,236 | €64,991 | +€28,755 | +79.4% |
| Taxes, remuneration and social security | 45 | €7,911 | €8,933 | +€1,022 | +12.9% |
| Taxes | 450/3 | €7,911 | €8,933 | +€1,022 | +12.9% |
| Other amounts payable | 47/48 | €1,877 | - | -€1,877 | |
| Accrued charges and deferred income | 492/3 | - | €210 | +€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,492 | €51,718 | +€226 | +0.4% |
| Other operating charges | 640/8 | €6,113 | €6,370 | +€258 | +4.2% |
| Gross operating margin | 9900 | €56,565 | -€2,322 | -€58,887 | |
| Operating profit (loss) | 9901 | -€1,040 | -€60,409 | -€59,370 | -5,710% |
| Financial income | 75/76B | €22,416 | €21,726 | -€690 | -3.1% |
| Recurring financial income | 75 | €22,416 | €21,726 | -€690 | -3.1% |
| Financial charges | 65/66B | €7,436 | €8,270 | +€834 | +11.2% |
| Recurring financial charges | 65 | €7,436 | €8,270 | +€834 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €13,940 | -€46,954 | -€60,894 | |
| Income taxes | 67/77 | €8,685 | €610 | -€8,075 | -93.0% |
| Profit (loss) for the period | 9904 | €5,255 | -€47,563 | -€52,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,255 | -€47,563 | -€52,819 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.