Engeland Development: 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.
Engeland Development
Largest movements
- Stocks and contracts +€3.6m
up €3.6m (+52.5%), from €6.8m to €10.4m
of which Stocks: +€4.4m
- Receivables within one year +€1.6m
up €1.6m (+1,185%), from €131,547 to €1.7m
of which Trade receivables: +€1.6m
- Cash -€1.1m
down €1.1m (-52.9%), from €2.0m to €941,813
mainly Stocks and contracts (-€3.6m) and Receivables within one year (-€1.6m)
- Debts after one year +€1.8m
up €1.8m (+42.8%), from €4.1m to €5.9m
- Trade debts +€1.4m
up €1.4m (+52.4%), from €2.6m to €3.9m
- Profit (loss) carried forward +€982,372
up €982,372 (+80.4%), from €1.2m to €2.2m
- Turnover -€14.4m
down €14.4m (-77.4%), from €18.6m to €4.2m
- Goods and materials -€13.3m
down €13.3m (-86.8%), from €15.4m to €2.0m
of which Purchases: -€7.7m
- Financial charges -€204,153
down €204,153 (-47.1%), from €433,776 to €229,623
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 | €8,976,284 | €13,047,339 | +€4.1m | +45.4% |
| Fixed assets | 21/28 | €19,734 | €11,445 | -€8,289 | -42.0% |
| Tangible fixed assets | 22/27 | €19,734 | €11,445 | -€8,289 | -42.0% |
| Land and buildings | 22 | €19,734 | €11,445 | -€8,289 | -42.0% |
| Current assets | 29/58 | €8,956,550 | €13,035,894 | +€4.1m | +45.5% |
| Stocks and contracts in progress | 3 | €6,824,039 | €10,403,677 | +€3.6m | +52.5% |
| Stocks | 30/36 | €5,669,105 | €10,066,539 | +€4.4m | +77.6% |
| Property held for sale | 35 | €5,669,105 | €10,066,539 | +€4.4m | +77.6% |
| Contracts in progress | 37 | €1,154,935 | €337,138 | -€817,796 | -70.8% |
| Amounts receivable within one year | 40/41 | €131,547 | €1,690,403 | +€1.6m | +1,185% |
| Trade receivables | 40 | €46,077 | €1,606,395 | +€1.6m | +3,386% |
| Other amounts receivable | 41 | €85,470 | €84,008 | -€1,463 | -1.7% |
| Cash at bank and in hand | 54/58 | €2,000,963 | €941,813 | -€1.1m | -52.9% |
| Total equity and liabilities | 10/49 | €8,976,284 | €13,047,339 | +€4.1m | +45.4% |
| Equity | 10/15 | €1,785,907 | €2,768,279 | +€982,372 | +55.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €64,295 | €64,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,295 | €64,295 | = | 0.0% |
| Legal reserve | 130 | €64,295 | €64,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,221,611 | €2,203,984 | +€982,372 | +80.4% |
| Amounts payable | 17/49 | €7,190,377 | €10,279,060 | +€3.1m | +43.0% |
| Amounts payable after more than one year | 17 | €4,105,582 | €5,862,057 | +€1.8m | +42.8% |
| Financial debts | 170/4 | €4,105,582 | €5,862,057 | +€1.8m | +42.8% |
| Credit institutions | 173 | - | €858,268 | +€858,268 | |
| Other loans | 174 | €4,105,582 | €5,003,789 | +€898,207 | +21.9% |
| Amounts payable within one year | 42/48 | €3,084,796 | €4,416,779 | +€1.3m | +43.2% |
| Trade debts | 44 | €2,589,882 | €3,946,600 | +€1.4m | +52.4% |
| Suppliers | 440/4 | €2,589,882 | €3,946,600 | +€1.4m | +52.4% |
| Advances received on contracts in progress | 46 | - | €72,765 | +€72,765 | |
| Taxes, remuneration and social security | 45 | €494,914 | €397,413 | -€97,501 | -19.7% |
| Taxes | 450/3 | €494,914 | €397,413 | -€97,501 | -19.7% |
| Accrued charges and deferred income | 492/3 | - | €225 | +€225 | |
| Operating income | 70/76A | €18,620,834 | €4,284,992 | -€14.3m | -77.0% |
| Turnover | 70 | €18,572,459 | €4,200,771 | -€14.4m | -77.4% |
| Other operating income | 74 | €48,375 | €84,221 | +€35,846 | +74.1% |
| Operating charges | 60/66A | €15,966,889 | €2,728,613 | -€13.2m | -82.9% |
| Goods for resale, raw materials and consumables | 60 | €15,355,225 | €2,024,754 | -€13.3m | -86.8% |
| Purchases | 600/8 | €13,985,591 | €6,303,156 | -€7.7m | -54.9% |
| Change in stocks: decrease (increase) | 609 | €1,369,635 | -€4,278,402 | -€5.6m | |
| Services and other goods | 61 | €570,462 | €694,843 | +€124,381 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,289 | €8,289 | +€0 | 0.0% |
| Other operating charges | 640/8 | €32,913 | €727 | -€32,186 | -97.8% |
| Operating profit (loss) | 9901 | €2,653,945 | €1,556,379 | -€1.1m | -41.4% |
| Financial charges | 65/66B | €433,776 | €229,623 | -€204,153 | -47.1% |
| Recurring financial charges | 65 | €433,776 | €229,623 | -€204,153 | -47.1% |
| Debt charges | 650 | €433,411 | €229,621 | -€203,790 | -47.0% |
| Other financial charges | 652/9 | €365 | €2 | -€362 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €2,220,170 | €1,326,756 | -€893,413 | -40.2% |
| Income taxes | 67/77 | €415,992 | €344,384 | -€71,609 | -17.2% |
| Taxes | 670/3 | €415,992 | €344,384 | -€71,609 | -17.2% |
| Profit (loss) for the period | 9904 | €1,804,177 | €982,372 | -€821,805 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,804,177 | €982,372 | -€821,805 | -45.6% |
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 14 October 2026 via checked.be.