WELL ENGINEERED: 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.
WELL ENGINEERED
Largest movements
- Receivables within one year +€25,004
up €25,004 (+224%), from €11,155 to €36,159
of which Other amounts receivable: +€24,550
- Cash +€5,683
up €5,683 (+15.6%), from €36,518 to €42,202
mainly Debts after one year (+€27,169) and Current portion of long-term debt (+€5,748)
- Tangible fixed assets -€3,094
down €3,094 (-28.3%), from €10,931 to €7,837
of which Furniture and vehicles: -€3,094
- Deferred charges and accrued income -€2,906
down €2,906 (-32.6%), from €8,907 to €6,002
- Debts after one year +€27,169
up €27,169 (+2,490%), from €1,091 to €28,260
- Other debts -€8,288
no longer reported in 2025 (was €8,288)
- Current portion of long-term debt +€5,748
up €5,748 (+178%), from €3,234 to €8,982
- Gross operating margin -€8,142
down €8,142 (-34.1%), from €23,866 to €15,724
- Financial charges +€2,067
up €2,067 (+72.9%), from €2,834 to €4,901
- Other operating charges -€1,871
down €1,871 (-78.3%), from €2,390 to €520
- Taxes -€1,794
down €1,794 (-38.9%), from €4,607 to €2,812
- Financial income +€738
up €738 (+3,688,650%), from €0 to €738
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 | €67,512 | €92,200 | +€24,687 | +36.6% |
| Fixed assets | 21/28 | €10,931 | €7,837 | -€3,094 | -28.3% |
| Tangible fixed assets | 22/27 | €10,931 | €7,837 | -€3,094 | -28.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,931 | €7,837 | -€3,094 | -28.3% |
| Current assets | 29/58 | €56,581 | €84,362 | +€27,782 | +49.1% |
| Amounts receivable within one year | 40/41 | €11,155 | €36,159 | +€25,004 | +224% |
| Trade receivables | 40 | €10,328 | €10,782 | +€454 | +4.4% |
| Other amounts receivable | 41 | €827 | €25,377 | +€24,550 | +2,969% |
| Cash at bank and in hand | 54/58 | €36,518 | €42,202 | +€5,683 | +15.6% |
| Deferred charges and accrued income | 490/1 | €8,907 | €6,002 | -€2,906 | -32.6% |
| Total equity and liabilities | 10/49 | €67,512 | €92,200 | +€24,687 | +36.6% |
| Equity | 10/15 | €43,277 | €43,378 | +€101 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,077 | €37,178 | +€101 | +0.3% |
| Distributable reserves | 133 | €37,077 | €37,178 | +€101 | +0.3% |
| Amounts payable | 17/49 | €24,235 | €48,822 | +€24,587 | +101% |
| Amounts payable after more than one year | 17 | €1,091 | €28,260 | +€27,169 | +2,490% |
| Financial debts | 170/4 | €1,091 | €28,260 | +€27,169 | +2,490% |
| Amounts payable within one year | 42/48 | €23,144 | €20,562 | -€2,582 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €3,234 | €8,982 | +€5,748 | +178% |
| Trade debts | 44 | €2,755 | €3,127 | +€372 | +13.5% |
| Suppliers | 440/4 | €2,755 | €3,127 | +€372 | +13.5% |
| Taxes, remuneration and social security | 45 | €8,867 | €8,453 | -€414 | -4.7% |
| Taxes | 450/3 | €8,867 | €8,453 | -€414 | -4.7% |
| Other amounts payable | 47/48 | €8,288 | - | -€8,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,772 | €3,094 | +€323 | +11.6% |
| Other operating charges | 640/8 | €2,390 | €520 | -€1,871 | -78.3% |
| Gross operating margin | 9900 | €23,866 | €15,724 | -€8,142 | -34.1% |
| Operating profit (loss) | 9901 | €18,704 | €12,110 | -€6,594 | -35.3% |
| Financial income | 75/76B | €0 | €738 | +€738 | +3,688,650% |
| Recurring financial income | 75 | €0 | €738 | +€738 | +3,688,650% |
| Financial charges | 65/66B | €2,834 | €4,901 | +€2,067 | +72.9% |
| Recurring financial charges | 65 | €2,834 | €4,901 | +€2,067 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €15,869 | €7,947 | -€7,923 | -49.9% |
| Income taxes | 67/77 | €4,607 | €2,812 | -€1,794 | -38.9% |
| Profit (loss) for the period | 9904 | €11,263 | €5,134 | -€6,128 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,263 | €5,134 | -€6,128 | -54.4% |
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 22 October 2026 via checked.be.