GROUP D. ENGINEERING: what changed
GROUP D. ENGINEERING
Largest movements
- Receivables within one year +€357,480
up €357,480 (+98.5%), from €362,852 to €720,333
of which Trade receivables: +€383,710
- Cash -€229,204
down €229,204 (-72.8%), from €314,673 to €85,469
mainly Receivables within one year (-€357,480)
- Tax, wage and social debts +€60,208
up €60,208 (+8,899%), from €677 to €60,885
- Reserves +€19,351
up €19,351 (+27.3%), from €70,903 to €90,254
- Advances received +€18,477
new in 2025: €18,477
- Trade debts +€13,657
up €13,657 (+2.5%), from €538,823 to €552,480
- Other operating charges -€2,591
down €2,591 (-73.2%), from €3,541 to €950
- Gross operating margin +€2,288
up €2,288 (+7.8%), from €29,450 to €31,738
- Taxes +€1,574
up €1,574 (+27.7%), from €5,677 to €7,250
- Financial income +€519
up €519 (+13.2%), from €3,923 to €4,441
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €707,736 | €827,429 | +€119,693 | +16.9% |
| Fixed assets | 21/28 | €24,398 | €16,056 | -€8,341 | -34.2% |
| Intangible fixed assets | 21 | €24,000 | €16,000 | -€8,000 | -33.3% |
| Tangible fixed assets | 22/27 | €398 | €56 | -€341 | -85.9% |
| Furniture and vehicles | 24 | €398 | €56 | -€341 | -85.9% |
| Current assets | 29/58 | €683,338 | €811,373 | +€128,035 | +18.7% |
| Amounts receivable within one year | 40/41 | €362,852 | €720,333 | +€357,480 | +98.5% |
| Trade receivables | 40 | €263,904 | €647,615 | +€383,710 | +145% |
| Other amounts receivable | 41 | €98,948 | €72,718 | -€26,230 | -26.5% |
| Cash at bank and in hand | 54/58 | €314,673 | €85,469 | -€229,204 | -72.8% |
| Deferred charges and accrued income | 490/1 | €5,813 | €5,571 | -€242 | -4.2% |
| Total equity and liabilities | 10/49 | €707,736 | €827,429 | +€119,693 | +16.9% |
| Equity | 10/15 | €168,236 | €187,587 | +€19,351 | +11.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €70,903 | €90,254 | +€19,351 | +27.3% |
| Distributable reserves | 133 | €70,903 | €90,254 | +€19,351 | +27.3% |
| Profit (loss) carried forward | 14 | €91,084 | €91,084 | = | 0.0% |
| Amounts payable | 17/49 | €539,500 | €639,842 | +€100,342 | +18.6% |
| Amounts payable within one year | 42/48 | €539,500 | €631,842 | +€92,342 | +17.1% |
| Trade debts | 44 | €538,823 | €552,480 | +€13,657 | +2.5% |
| Suppliers | 440/4 | €538,823 | €552,480 | +€13,657 | +2.5% |
| Advances received on contracts in progress | 46 | - | €18,477 | +€18,477 | |
| Taxes, remuneration and social security | 45 | €677 | €60,885 | +€60,208 | +8,899% |
| Taxes | 450/3 | €677 | €60,885 | +€60,208 | +8,899% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,341 | €8,341 | = | 0.0% |
| Other operating charges | 640/8 | €3,541 | €950 | -€2,591 | -73.2% |
| Gross operating margin | 9900 | €29,450 | €31,738 | +€2,288 | +7.8% |
| Operating profit (loss) | 9901 | €17,568 | €22,447 | +€4,879 | +27.8% |
| Financial income | 75/76B | €3,923 | €4,441 | +€519 | +13.2% |
| Recurring financial income | 75 | €3,923 | €4,441 | +€519 | +13.2% |
| Financial charges | 65/66B | €193 | €287 | +€94 | +48.6% |
| Recurring financial charges | 65 | €193 | €287 | +€94 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €21,298 | €26,601 | +€5,304 | +24.9% |
| Income taxes | 67/77 | €5,677 | €7,250 | +€1,574 | +27.7% |
| Profit (loss) for the period | 9904 | €15,621 | €19,351 | +€3,730 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,621 | €19,351 | +€3,730 | +23.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.