Added V@lue 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.
Added V@lue Engineering
Largest movements
- Receivables within one year -€87,356
down €87,356 (-88.9%), from €98,244 to €10,888
- Current investments +€60,000
new in 2025: €60,000
- Tangible fixed assets +€18,776
up €18,776 (+14.8%), from €127,149 to €145,925
of which Furniture and vehicles: +€24,749
- Cash -€14,925
down €14,925 (-66.4%), from €22,484 to €7,559
mainly Current investments (-€60,000) and Investment in fixed assets (net) (-€32,265)
- Deferred charges and accrued income +€3,610
up €3,610 (+109%), from €3,299 to €6,909
- Other debts -€22,552
down €22,552 (-93.6%), from €24,082 to €1,530
- Tax, wage and social debts -€15,323
down €15,323 (-79.0%), from €19,407 to €4,084
of which Taxes: -€12,811
- Debts after one year +€11,355
new in 2025: €11,355
- Current portion of long-term debt +€6,520
new in 2025: €6,520
- Gross operating margin -€10,584
down €10,584 (-26.6%), from €39,847 to €29,263
- Other operating charges +€4,153
up €4,153 (+61.5%), from €6,756 to €10,909
- Depreciation +€3,402
up €3,402 (+33.7%), from €10,087 to €13,489
- Financial charges -€475
down €475 (-50.3%), from €944 to €469
- Taxes -€441
down €441 (-9.8%), from €4,490 to €4,049
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 | €251,515 | €231,620 | -€19,895 | -7.9% |
| Fixed assets | 21/28 | €127,488 | €146,264 | +€18,776 | +14.7% |
| Tangible fixed assets | 22/27 | €127,149 | €145,925 | +€18,776 | +14.8% |
| Land and buildings | 22 | €91,946 | €88,971 | -€2,975 | -3.2% |
| Plant, machinery and equipment | 23 | €7,654 | €6,616 | -€1,038 | -13.6% |
| Furniture and vehicles | 24 | €16,625 | €41,374 | +€24,749 | +149% |
| Other tangible fixed assets | 26 | €10,924 | €8,964 | -€1,960 | -17.9% |
| Financial fixed assets | 28 | €339 | €339 | = | 0.0% |
| Current assets | 29/58 | €124,027 | €85,356 | -€38,671 | -31.2% |
| Amounts receivable within one year | 40/41 | €98,244 | €10,888 | -€87,356 | -88.9% |
| Trade receivables | 40 | €98,244 | €10,888 | -€87,356 | -88.9% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €22,484 | €7,559 | -€14,925 | -66.4% |
| Deferred charges and accrued income | 490/1 | €3,299 | €6,909 | +€3,610 | +109% |
| Total equity and liabilities | 10/49 | €251,515 | €231,620 | -€19,895 | -7.9% |
| Equity | 10/15 | €189,000 | €189,804 | +€804 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €117,709 | €118,513 | +€804 | +0.7% |
| Tax-exempt reserves | 132 | €17,800 | €17,800 | = | 0.0% |
| Distributable reserves | 133 | €99,909 | €100,713 | +€804 | +0.8% |
| Profit (loss) carried forward | 14 | €9,291 | €9,291 | = | 0.0% |
| Amounts payable | 17/49 | €62,515 | €41,816 | -€20,699 | -33.1% |
| Amounts payable after more than one year | 17 | - | €11,355 | +€11,355 | |
| Financial debts | 170/4 | - | €11,355 | +€11,355 | |
| Amounts payable within one year | 42/48 | €62,515 | €30,461 | -€32,054 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,520 | +€6,520 | |
| Trade debts | 44 | €19,026 | €18,327 | -€699 | -3.7% |
| Suppliers | 440/4 | €19,026 | €18,327 | -€699 | -3.7% |
| Taxes, remuneration and social security | 45 | €19,407 | €4,084 | -€15,323 | -79.0% |
| Taxes | 450/3 | €16,895 | €4,084 | -€12,811 | -75.8% |
| Remuneration and social security | 454/9 | €2,512 | - | -€2,512 | |
| Other amounts payable | 47/48 | €24,082 | €1,530 | -€22,552 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,087 | €13,489 | +€3,402 | +33.7% |
| Other operating charges | 640/8 | €6,756 | €10,909 | +€4,153 | +61.5% |
| Gross operating margin | 9900 | €39,847 | €29,263 | -€10,584 | -26.6% |
| Operating profit (loss) | 9901 | €23,004 | €4,865 | -€18,139 | -78.9% |
| Financial income | 75/76B | €46 | €457 | +€411 | +893% |
| Recurring financial income | 75 | €46 | €457 | +€411 | +893% |
| Financial charges | 65/66B | €944 | €469 | -€475 | -50.3% |
| Recurring financial charges | 65 | €944 | €469 | -€475 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €22,106 | €4,853 | -€17,253 | -78.0% |
| Income taxes | 67/77 | €4,490 | €4,049 | -€441 | -9.8% |
| Profit (loss) for the period | 9904 | €17,616 | €804 | -€16,812 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,616 | €804 | -€16,812 | -95.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.