ENGINEER-INC: what changed
ENGINEER-INC
Largest movements
- Receivables within one year -€135,687
down €135,687 (-39.6%), from €342,316 to €206,628
of which Trade receivables: -€177,816
- Tangible fixed assets -€10,585
down €10,585 (-4.9%), from €217,896 to €207,311
of which Land and buildings: -€15,060
- Cash -€9,271
down €9,271 (-28.8%), from €32,231 to €22,959
mainly Net result for the year (-€77,196) and Trade debts (-€47,256)
- Profit (loss) carried forward -€77,196
down €77,196, from €48,109 to -€29,087
- Trade debts -€47,256
down €47,256 (-27.1%), from €174,182 to €126,927
- Debts after one year -€22,811
down €22,811 (-20.0%), from €113,859 to €91,048
- Short-term financial debts -€6,771
down €6,771 (-3.2%), from €212,771 to €206,000
of which Other loans: -€6,771
- Gross operating margin +€15,256
up €15,256 (+36.1%), from -€42,224 to -€26,968
- Depreciation -€6,645
down €6,645 (-24.2%), from €27,503 to €20,857
- Financial charges +€5,564
up €5,564 (+34.2%), from €16,255 to €21,819
- Other operating charges +€1,550
up €1,550 (+24.3%), from €6,379 to €7,929
- Financial income -€971
down €971 (-34.1%), from €2,848 to €1,877
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 | €605,231 | €449,901 | -€155,330 | -25.7% |
| Fixed assets | 21/28 | €218,071 | €207,486 | -€10,585 | -4.9% |
| Tangible fixed assets | 22/27 | €217,896 | €207,311 | -€10,585 | -4.9% |
| Land and buildings | 22 | €205,374 | €190,313 | -€15,060 | -7.3% |
| Plant, machinery and equipment | 23 | €9,575 | €8,453 | -€1,122 | -11.7% |
| Furniture and vehicles | 24 | €2,947 | €8,545 | +€5,597 | +190% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €387,160 | €242,415 | -€144,744 | -37.4% |
| Amounts receivable within one year | 40/41 | €342,316 | €206,628 | -€135,687 | -39.6% |
| Trade receivables | 40 | €317,316 | €139,500 | -€177,816 | -56.0% |
| Other amounts receivable | 41 | €25,000 | €67,129 | +€42,129 | +169% |
| Cash at bank and in hand | 54/58 | €32,231 | €22,959 | -€9,271 | -28.8% |
| Deferred charges and accrued income | 490/1 | €12,613 | €12,828 | +€215 | +1.7% |
| Total equity and liabilities | 10/49 | €605,231 | €449,901 | -€155,330 | -25.7% |
| Equity | 10/15 | €68,569 | -€8,627 | -€77,196 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €48,109 | -€29,087 | -€77,196 | |
| Amounts payable | 17/49 | €536,662 | €458,529 | -€78,134 | -14.6% |
| Amounts payable after more than one year | 17 | €113,859 | €91,048 | -€22,811 | -20.0% |
| Financial debts | 170/4 | €113,859 | €91,048 | -€22,811 | -20.0% |
| Amounts payable within one year | 42/48 | €422,669 | €366,676 | -€55,994 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €22,410 | €22,811 | +€401 | +1.8% |
| Financial debts | 43 | €212,771 | €206,000 | -€6,771 | -3.2% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €12,771 | €6,000 | -€6,771 | -53.0% |
| Trade debts | 44 | €174,182 | €126,927 | -€47,256 | -27.1% |
| Suppliers | 440/4 | €174,182 | €126,927 | -€47,256 | -27.1% |
| Taxes, remuneration and social security | 45 | €7,874 | €4,580 | -€3,294 | -41.8% |
| Taxes | 450/3 | €7,874 | €4,580 | -€3,294 | -41.8% |
| Other amounts payable | 47/48 | €5,432 | €6,358 | +€927 | +17.1% |
| Accrued charges and deferred income | 492/3 | €134 | €805 | +€671 | +501% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,503 | €20,857 | -€6,645 | -24.2% |
| Other operating charges | 640/8 | €6,379 | €7,929 | +€1,550 | +24.3% |
| Gross operating margin | 9900 | -€42,224 | -€26,968 | +€15,256 | +36.1% |
| Operating profit (loss) | 9901 | -€76,106 | -€55,754 | +€20,351 | +26.7% |
| Financial income | 75/76B | €2,848 | €1,877 | -€971 | -34.1% |
| Recurring financial income | 75 | €2,848 | €1,877 | -€971 | -34.1% |
| Financial charges | 65/66B | €16,255 | €21,819 | +€5,564 | +34.2% |
| Recurring financial charges | 65 | €16,255 | €21,819 | +€5,564 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€89,513 | -€75,697 | +€13,816 | +15.4% |
| Income taxes | 67/77 | €944 | €1,499 | +€556 | +58.9% |
| Profit (loss) for the period | 9904 | -€90,457 | -€77,196 | +€13,261 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,457 | -€77,196 | +€13,261 | +14.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.