Tengineering: 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.
Tengineering
Largest movements
- Cash -€40,517
down €40,517 (-57.1%), from €71,006 to €30,489
mainly Contributions, distributions and other (-€88,402) and Debts after one year (-€11,682)
- Tangible fixed assets -€21,515
down €21,515 (-19.1%), from €112,768 to €91,253
of which Other tangible fixed assets: -€13,993
- Receivables within one year -€11,683
down €11,683 (-36.6%), from €31,894 to €20,211
of which Trade receivables: -€12,363
- Deferred charges and accrued income -€3,119
down €3,119 (-23.5%), from €13,283 to €10,164
- Reserves -€61,989
down €61,989 (-47.7%), from €129,952 to €67,963
- Debts after one year -€11,682
down €11,682 (-66.6%), from €17,530 to €5,847
- Gross operating margin +€19,276
up €19,276 (+40.8%), from €47,240 to €66,516
- Taxes +€1,820
up €1,820 (+30.8%), from €5,916 to €7,736
- Depreciation +€1,034
up €1,034 (+3.9%), from €26,721 to €27,755
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 | €228,952 | €152,118 | -€76,833 | -33.6% |
| Fixed assets | 21/28 | €112,768 | €91,253 | -€21,515 | -19.1% |
| Tangible fixed assets | 22/27 | €112,768 | €91,253 | -€21,515 | -19.1% |
| Furniture and vehicles | 24 | €1,845 | €6,276 | +€4,431 | +240% |
| Leasing and similar rights | 25 | €28,621 | €16,668 | -€11,953 | -41.8% |
| Other tangible fixed assets | 26 | €82,302 | €68,309 | -€13,993 | -17.0% |
| Current assets | 29/58 | €116,184 | €60,865 | -€55,319 | -47.6% |
| Amounts receivable within one year | 40/41 | €31,894 | €20,211 | -€11,683 | -36.6% |
| Trade receivables | 40 | €30,310 | €17,947 | -€12,363 | -40.8% |
| Other amounts receivable | 41 | €1,584 | €2,264 | +€680 | +42.9% |
| Cash at bank and in hand | 54/58 | €71,006 | €30,489 | -€40,517 | -57.1% |
| Deferred charges and accrued income | 490/1 | €13,283 | €10,164 | -€3,119 | -23.5% |
| Total equity and liabilities | 10/49 | €228,952 | €152,118 | -€76,833 | -33.6% |
| Equity | 10/15 | €148,552 | €86,563 | -€61,989 | -41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,952 | €67,963 | -€61,989 | -47.7% |
| Distributable reserves | 133 | €129,952 | €67,963 | -€61,989 | -47.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €80,400 | €65,555 | -€14,844 | -18.5% |
| Amounts payable after more than one year | 17 | €17,530 | €5,847 | -€11,682 | -66.6% |
| Financial debts | 170/4 | €17,530 | €5,847 | -€11,682 | -66.6% |
| Amounts payable within one year | 42/48 | €62,171 | €59,067 | -€3,104 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €11,503 | €11,682 | +€180 | +1.6% |
| Financial debts | 43 | €2,247 | €902 | -€1,345 | -59.9% |
| Other loans | 439 | €2,247 | €902 | -€1,345 | -59.9% |
| Trade debts | 44 | €36,151 | €34,425 | -€1,727 | -4.8% |
| Suppliers | 440/4 | €36,151 | €34,425 | -€1,727 | -4.8% |
| Taxes, remuneration and social security | 45 | €3,149 | €3,671 | +€522 | +16.6% |
| Taxes | 450/3 | €3,149 | €3,671 | +€522 | +16.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,121 | €8,387 | -€734 | -8.0% |
| Accrued charges and deferred income | 492/3 | €699 | €641 | -€58 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,721 | €27,755 | +€1,034 | +3.9% |
| Other operating charges | 640/8 | €2,156 | €2,119 | -€37 | -1.7% |
| Non-recurring operating charges | 66A | - | €1,401 | +€1,401 | |
| Gross operating margin | 9900 | €47,240 | €66,516 | +€19,276 | +40.8% |
| Operating profit (loss) | 9901 | €18,363 | €35,240 | +€16,877 | +91.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,555 | €1,091 | -€463 | -29.8% |
| Recurring financial charges | 65 | €1,555 | €1,091 | -€463 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €16,808 | €34,149 | +€17,341 | +103% |
| Income taxes | 67/77 | €5,916 | €7,736 | +€1,820 | +30.8% |
| Profit (loss) for the period | 9904 | €10,892 | €26,413 | +€15,521 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €10,892 | €26,413 | +€15,521 | +142% |
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 23 October 2026 via checked.be.