De Wachter Engineering: 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.
De Wachter Engineering
Largest movements
- Receivables within one year -€5,803
down €5,803 (-16.8%), from €34,474 to €28,671
of which Trade receivables: -€7,009
- Cash -€4,771
down €4,771 (-20.3%), from €23,535 to €18,764
mainly Tax, wage and social debts (-€6,564) and Deferred charges and accrued income (-€2,811)
- Deferred charges and accrued income +€2,811
up €2,811 (+143%), from €1,962 to €4,773
- Tangible fixed assets -€2,277
down €2,277 (-31.0%), from €7,347 to €5,071
- Tax, wage and social debts -€6,564
down €6,564 (-54.3%), from €12,090 to €5,526
of which Taxes: -€9,667
- Short-term financial debts -€2,644
down €2,644 (-99.4%), from €2,661 to €17
- Other debts -€1,666
down €1,666 (-13.2%), from €12,584 to €10,918
- Trade debts +€1,173
up €1,173 (+58.6%), from €2,001 to €3,174
- Profit (loss) carried forward -€679
down €679 (-17.0%), from €4,000 to €3,321
- Write-downs +€6,606
new in 2025: €6,606
- Gross operating margin -€4,750
down €4,750 (-21.4%), from €22,212 to €17,462
- Financial charges +€2,996
up €2,996 (+368%), from €814 to €3,811
- Taxes -€2,390
down €2,390 (-55.0%), from €4,343 to €1,952
- Other operating charges +€1,382
up €1,382 (+108%), from €1,280 to €2,662
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 | €67,319 | €57,279 | -€10,040 | -14.9% |
| Fixed assets | 21/28 | €7,347 | €5,071 | -€2,277 | -31.0% |
| Tangible fixed assets | 22/27 | €7,347 | €5,071 | -€2,277 | -31.0% |
| Furniture and vehicles | 24 | €7,347 | €5,071 | -€2,277 | -31.0% |
| Current assets | 29/58 | €59,972 | €52,208 | -€7,763 | -12.9% |
| Amounts receivable within one year | 40/41 | €34,474 | €28,671 | -€5,803 | -16.8% |
| Trade receivables | 40 | €33,765 | €26,756 | -€7,009 | -20.8% |
| Other amounts receivable | 41 | €709 | €1,915 | +€1,206 | +170% |
| Cash at bank and in hand | 54/58 | €23,535 | €18,764 | -€4,771 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,962 | €4,773 | +€2,811 | +143% |
| Total equity and liabilities | 10/49 | €67,319 | €57,279 | -€10,040 | -14.9% |
| Equity | 10/15 | €37,984 | €37,305 | -€679 | -1.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €15,434 | €15,434 | = | 0.0% |
| Distributable reserves | 133 | €15,434 | €15,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,000 | €3,321 | -€679 | -17.0% |
| Amounts payable | 17/49 | €29,335 | €19,974 | -€9,361 | -31.9% |
| Amounts payable within one year | 42/48 | €29,335 | €19,635 | -€9,700 | -33.1% |
| Financial debts | 43 | €2,661 | €17 | -€2,644 | -99.4% |
| Credit institutions | 430/8 | €2,661 | €17 | -€2,644 | -99.4% |
| Trade debts | 44 | €2,001 | €3,174 | +€1,173 | +58.6% |
| Suppliers | 440/4 | €2,001 | €3,174 | +€1,173 | +58.6% |
| Taxes, remuneration and social security | 45 | €12,090 | €5,526 | -€6,564 | -54.3% |
| Taxes | 450/3 | €12,090 | €2,423 | -€9,667 | -80.0% |
| Remuneration and social security | 454/9 | - | €3,103 | +€3,103 | |
| Other amounts payable | 47/48 | €12,584 | €10,918 | -€1,666 | -13.2% |
| Accrued charges and deferred income | 492/3 | - | €340 | +€340 | |
| Non-recurring operating income | 76A | - | €8,959 | +€8,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €2,277 | +€363 | +18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,606 | +€6,606 | |
| Other operating charges | 640/8 | €1,280 | €2,662 | +€1,382 | +108% |
| Gross operating margin | 9900 | €22,212 | €17,462 | -€4,750 | -21.4% |
| Operating profit (loss) | 9901 | €19,017 | €5,917 | -€13,101 | -68.9% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €814 | €3,811 | +€2,996 | +368% |
| Recurring financial charges | 65 | €814 | €3,811 | +€2,996 | +368% |
| Profit (loss) for the period before taxes | 9903 | €18,215 | €2,106 | -€16,109 | -88.4% |
| Income taxes | 67/77 | €4,343 | €1,952 | -€2,390 | -55.0% |
| Profit (loss) for the period | 9904 | €13,872 | €154 | -€13,718 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,872 | €154 | -€13,718 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.