C & S ENGINEERING: what changed
Two fiscal 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.
C & S ENGINEERING
Largest movements
- Receivables within one year -€27,511
down €27,511 (-69.9%), from €39,382 to €11,870
of which Trade receivables: -€26,561
- Cash +€24,426
up €24,426 (+51.6%), from €47,292 to €71,719
mainly Receivables within one year (+€27,511) and Net result for the year (+€24,154)
- Deferred charges and accrued income -€11,760
down €11,760 (-65.7%), from €17,892 to €6,132
- Tangible fixed assets -€9,952
down €9,952 (-43.0%), from €23,151 to €13,199
of which Plant, machinery and equipment: -€6,547
- Reserves -€44,129
down €44,129 (-40.7%), from €108,437 to €64,309
- Tax, wage and social debts +€17,982
up €17,982 (+225.2%), from €7,985 to €25,967
of which Taxes: +€17,982
- Trade debts +€1,421
up €1,421 (+32.6%), from €4,356 to €5,777
- Gross operating margin +€24,499
up €24,499 (+112.5%), from €21,778 to €46,277
- Taxes +€10,324
up €10,324 (+1877.1%), from €550 to €10,874
- Depreciation -€4,521
down €4,521 (-31.1%), from €14,554 to €10,032
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.
Cash bridge derived
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 | €130,918 | €106,040 | -€24,877 | -19.0% |
| Fixed assets | 21/28 | €23,231 | €13,199 | -€10,032 | -43.2% |
| Intangible fixed assets | 21 | €80 | €0 | -€80 | -100.0% |
| Tangible fixed assets | 22/27 | €23,151 | €13,199 | -€9,952 | -43.0% |
| Land and buildings | 22 | €420 | €315 | -€105 | -25.0% |
| Plant, machinery and equipment | 23 | €14,628 | €8,081 | -€6,547 | -44.8% |
| Furniture and vehicles | 24 | €8,104 | €4,804 | -€3,300 | -40.7% |
| Current assets | 29/58 | €107,686 | €92,841 | -€14,845 | -13.8% |
| Stocks and contracts in progress | 3 | €3,120 | €3,120 | = | 0.0% |
| Stocks | 30/36 | €3,120 | €3,120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,382 | €11,870 | -€27,511 | -69.9% |
| Trade receivables | 40 | €38,432 | €11,870 | -€26,561 | -69.1% |
| Other amounts receivable | 41 | €950 | €0 | -€950 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,292 | €71,719 | +€24,426 | +51.6% |
| Deferred charges and accrued income | 490/1 | €17,892 | €6,132 | -€11,760 | -65.7% |
| Total equity and liabilities | 10/49 | €130,918 | €106,040 | -€24,877 | -19.0% |
| Equity | 10/15 | €114,855 | €70,509 | -€44,346 | -38.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,437 | €64,309 | -€44,129 | -40.7% |
| Distributable reserves | 133 | €108,437 | €64,309 | -€44,129 | -40.7% |
| Profit (loss) carried forward | 14 | €218 | €0 | -€218 | -100.0% |
| Amounts payable | 17/49 | €16,063 | €35,532 | +€19,469 | +121.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,063 | €35,532 | +€19,469 | +121.2% |
| Current portion of amounts payable after more than one year | 42 | €476 | €0 | -€476 | -100.0% |
| Trade debts | 44 | €4,356 | €5,777 | +€1,421 | +32.6% |
| Suppliers | 440/4 | €4,356 | €5,777 | +€1,421 | +32.6% |
| Taxes, remuneration and social security | 45 | €7,985 | €25,967 | +€17,982 | +225.2% |
| Taxes | 450/3 | €7,985 | €25,967 | +€17,982 | +225.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,245 | €3,788 | +€542 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,554 | €10,032 | -€4,521 | -31.1% |
| Other operating charges | 640/8 | €740 | €698 | -€41 | -5.6% |
| Gross operating margin | 9900 | €21,778 | €46,277 | +€24,499 | +112.5% |
| Operating profit (loss) | 9901 | €6,485 | €35,547 | +€29,062 | +448.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €217 | €519 | +€302 | +138.8% |
| Recurring financial charges | 65 | €217 | €519 | +€302 | +138.8% |
| Profit (loss) for the period before taxes | 9903 | €6,268 | €35,028 | +€28,760 | +458.9% |
| Income taxes | 67/77 | €550 | €10,874 | +€10,324 | +1877.1% |
| Profit (loss) for the period | 9904 | €5,718 | €24,154 | +€18,436 | +322.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,718 | €24,154 | +€18,436 | +322.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.