RESEARCH & GENERAL ENGINEERING: what changed
RESEARCH & GENERAL ENGINEERING
Largest movements
- Tangible fixed assets -€17,478
down €17,478 (-7.3%), from €239,046 to €221,568
of which Plant, machinery and equipment: -€15,633
- Cash -€4,690
down €4,690 (-8.7%), from €53,701 to €49,012
mainly Net result for the year (-€34,970) and Investment in fixed assets (net) (-€5,955)
- Profit (loss) carried forward -€34,970
down €34,970 (-80.9%), from €43,209 to €8,239
- Other debts +€9,812
up €9,812 (+4.5%), from €219,717 to €229,529
- Gross operating margin -€11,498
down €11,498 (-58.5%), from €19,652 to €8,153
- Other operating charges +€2,672
up €2,672 (+339%), from €788 to €3,460
- Depreciation +€1,389
up €1,389 (+6.3%), from €22,043 to €23,432
- Financial charges -€1,166
down €1,166 (-6.9%), from €16,774 to €15,608
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 | €292,747 | €270,580 | -€22,167 | -7.6% |
| Fixed assets | 21/28 | €239,046 | €221,568 | -€17,478 | -7.3% |
| Tangible fixed assets | 22/27 | €239,046 | €221,568 | -€17,478 | -7.3% |
| Land and buildings | 22 | €130,071 | €124,944 | -€5,127 | -3.9% |
| Plant, machinery and equipment | 23 | €108,975 | €93,342 | -€15,633 | -14.3% |
| Furniture and vehicles | 24 | - | €3,282 | +€3,282 | |
| Current assets | 29/58 | €53,701 | €49,012 | -€4,690 | -8.7% |
| Cash at bank and in hand | 54/58 | €53,701 | €49,012 | -€4,690 | -8.7% |
| Total equity and liabilities | 10/49 | €292,747 | €270,580 | -€22,167 | -7.6% |
| Equity | 10/15 | €63,867 | €28,897 | -€34,970 | -54.8% |
| Contributions | 10/11 | €20,658 | €20,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,209 | €8,239 | -€34,970 | -80.9% |
| Amounts payable | 17/49 | €228,880 | €241,682 | +€12,803 | +5.6% |
| Amounts payable within one year | 42/48 | €228,589 | €240,796 | +€12,206 | +5.3% |
| Trade debts | 44 | €993 | €2,685 | +€1,692 | +170% |
| Suppliers | 440/4 | €993 | €2,685 | +€1,692 | +170% |
| Taxes, remuneration and social security | 45 | €7,879 | €8,582 | +€703 | +8.9% |
| Taxes | 450/3 | €7,879 | €8,582 | +€703 | +8.9% |
| Other amounts payable | 47/48 | €219,717 | €229,529 | +€9,812 | +4.5% |
| Accrued charges and deferred income | 492/3 | €291 | €887 | +€596 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,043 | €23,432 | +€1,389 | +6.3% |
| Other operating charges | 640/8 | €788 | €3,460 | +€2,672 | +339% |
| Gross operating margin | 9900 | €19,652 | €8,153 | -€11,498 | -58.5% |
| Operating profit (loss) | 9901 | -€3,179 | -€18,739 | -€15,560 | -489% |
| Financial charges | 65/66B | €16,774 | €15,608 | -€1,166 | -6.9% |
| Recurring financial charges | 65 | €16,774 | €15,608 | -€1,166 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,953 | -€34,348 | -€14,395 | -72.1% |
| Income taxes | 67/77 | €636 | €623 | -€13 | -2.1% |
| Profit (loss) for the period | 9904 | -€20,589 | -€34,970 | -€14,382 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,589 | -€34,970 | -€14,382 | -69.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.