ENGENEERING DEVELOPMENT COMPANY: 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.
ENGENEERING DEVELOPMENT COMPANY
Largest movements
- Tangible fixed assets -€90,592
down €90,592 (-13.2%), from €687,837 to €597,245
of which Plant, machinery and equipment: -€84,217
- Stocks and contracts +€80,651
up €80,651 (+47.3%), from €170,572 to €251,223
- Receivables within one year -€59,848
down €59,848 (-20.6%), from €290,161 to €230,313
of which Trade receivables: -€68,703
- Cash +€18,456
up €18,456 (+5.2%), from €355,320 to €373,776
mainly Depreciation (+€142,569) and Net result for the year (+€116,462)
- Debts after one year -€112,841
down €112,841 (-40.3%), from €280,190 to €167,349
- Trade debts +€62,044
up €62,044 (+27.6%), from €225,175 to €287,219
- Tax, wage and social debts -€35,724
down €35,724 (-34.8%), from €102,585 to €66,861
of which Taxes: -€37,777
- Reserves +€35,462
up €35,462 (+4.8%), from €745,613 to €781,075
of which Distributable reserves: +€35,462
- Staff costs -€100,804
down €100,804 (-17.7%), from €568,238 to €467,434
- Gross operating margin -€84,484
down €84,484 (-9.4%), from €899,705 to €815,221
- Taxes +€10,697
up €10,697 (+18.8%), from €56,978 to €67,675
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 | €1,507,037 | €1,455,756 | -€51,281 | -3.4% |
| Fixed assets | 21/28 | €687,837 | €597,245 | -€90,592 | -13.2% |
| Tangible fixed assets | 22/27 | €687,837 | €597,245 | -€90,592 | -13.2% |
| Land and buildings | 22 | €195,355 | €155,961 | -€39,394 | -20.2% |
| Plant, machinery and equipment | 23 | €484,810 | €400,593 | -€84,217 | -17.4% |
| Furniture and vehicles | 24 | €2,327 | €1,405 | -€922 | -39.6% |
| Other tangible fixed assets | 26 | €5,345 | €4,396 | -€949 | -17.8% |
| Assets under construction and advance payments | 27 | - | €34,890 | +€34,890 | |
| Current assets | 29/58 | €819,200 | €858,511 | +€39,311 | +4.8% |
| Stocks and contracts in progress | 3 | €170,572 | €251,223 | +€80,651 | +47.3% |
| Stocks | 30/36 | €170,572 | €251,223 | +€80,651 | +47.3% |
| Amounts receivable within one year | 40/41 | €290,161 | €230,313 | -€59,848 | -20.6% |
| Trade receivables | 40 | €287,372 | €218,669 | -€68,703 | -23.9% |
| Other amounts receivable | 41 | €2,789 | €11,644 | +€8,855 | +317% |
| Cash at bank and in hand | 54/58 | €355,320 | €373,776 | +€18,456 | +5.2% |
| Deferred charges and accrued income | 490/1 | €3,147 | €3,199 | +€52 | +1.7% |
| Total equity and liabilities | 10/49 | €1,507,037 | €1,455,756 | -€51,281 | -3.4% |
| Equity | 10/15 | €785,062 | €817,232 | +€32,170 | +4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €745,613 | €781,075 | +€35,462 | +4.8% |
| Non-distributable reserves | 130/1 | €22,359 | €22,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,359 | €22,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €704,504 | €739,966 | +€35,462 | +5.0% |
| Investment grants | 15 | €19,449 | €16,157 | -€3,292 | -16.9% |
| Amounts payable | 17/49 | €721,975 | €638,524 | -€83,451 | -11.6% |
| Amounts payable after more than one year | 17 | €280,190 | €167,349 | -€112,841 | -40.3% |
| Financial debts | 170/4 | €280,190 | €167,349 | -€112,841 | -40.3% |
| Amounts payable within one year | 42/48 | €441,785 | €471,175 | +€29,390 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €113,821 | €112,841 | -€980 | -0.9% |
| Trade debts | 44 | €225,175 | €287,219 | +€62,044 | +27.6% |
| Suppliers | 440/4 | €225,175 | €287,219 | +€62,044 | +27.6% |
| Taxes, remuneration and social security | 45 | €102,585 | €66,861 | -€35,724 | -34.8% |
| Taxes | 450/3 | €40,424 | €2,647 | -€37,777 | -93.5% |
| Remuneration and social security | 454/9 | €62,161 | €64,214 | +€2,053 | +3.3% |
| Other amounts payable | 47/48 | €204 | €4,254 | +€4,050 | +1,985% |
| Remuneration, social security and pensions | 62 | €568,238 | €467,434 | -€100,804 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,060 | €142,569 | +€4,509 | +3.3% |
| Other operating charges | 640/8 | €11,673 | €13,936 | +€2,263 | +19.4% |
| Gross operating margin | 9900 | €899,705 | €815,221 | -€84,484 | -9.4% |
| Operating profit (loss) | 9901 | €181,734 | €191,282 | +€9,548 | +5.3% |
| Financial income | 75/76B | €7,351 | €5,690 | -€1,661 | -22.6% |
| Recurring financial income | 75 | €7,351 | €5,690 | -€1,661 | -22.6% |
| Financial charges | 65/66B | €11,458 | €12,835 | +€1,377 | +12.0% |
| Recurring financial charges | 65 | €11,458 | €12,835 | +€1,377 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €177,627 | €184,137 | +€6,510 | +3.7% |
| Income taxes | 67/77 | €56,978 | €67,675 | +€10,697 | +18.8% |
| Profit (loss) for the period | 9904 | €120,649 | €116,462 | -€4,187 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €120,649 | €116,462 | -€4,187 | -3.5% |
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 25 October 2026 via checked.be.