C&V 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&V ENGINEERING
Largest movements
- Stocks and contracts -€97,165
down €97,165 (-35.2%), from €275,979 to €178,814
of which Contracts in progress: -€74,774
- Receivables within one year -€87,184
down €87,184 (-37.9%), from €230,091 to €142,907
of which Trade receivables: -€119,240
- Tangible fixed assets -€25,228
down €25,228 (-28.2%), from €89,327 to €64,099
of which Leasing and similar rights: -€20,035
- Cash +€9,716
new in 2024: €9,716
mainly Stocks and contracts (+€97,165) and Receivables within one year (+€87,184)
- Trade debts -€183,778
down €183,778 (-66.8%), from €275,125 to €91,347
- Debts after one year -€42,118
down €42,118 (-49.5%), from €85,105 to €42,988
- Other debts +€37,874
new in 2024: €37,874
- Contributions -€24,000
down €24,000 (-96.8%), from €24,789 to €789
- Tax, wage and social debts +€22,881
up €22,881 (+27.0%), from €84,719 to €107,600
of which Taxes: +€21,560
- Gross operating margin +€69,253
up €69,253 (+58.8%), from €117,755 to €187,007
- Taxes +€10,685
up €10,685 (+3278.2%), from €326 to €11,011
- Other operating charges +€8,108
up €8,108 (+201.6%), from €4,022 to €12,130
- Staff costs +€4,884
up €4,884 (+4.8%), from €102,812 to €107,696
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,253 | €409,733 | -€199,519 | -32.7% |
| Fixed assets | 21/28 | €95,774 | €70,547 | -€25,228 | -26.3% |
| Tangible fixed assets | 22/27 | €89,327 | €64,099 | -€25,228 | -28.2% |
| Land and buildings | 22 | €5,592 | €4,999 | -€593 | -10.6% |
| Plant, machinery and equipment | 23 | €4,843 | €4,644 | -€199 | -4.1% |
| Furniture and vehicles | 24 | €5,016 | €1,148 | -€3,868 | -77.1% |
| Leasing and similar rights | 25 | €69,916 | €49,882 | -€20,035 | -28.7% |
| Other tangible fixed assets | 26 | €3,960 | €3,426 | -€533 | -13.5% |
| Financial fixed assets | 28 | €6,448 | €6,448 | = | 0.0% |
| Current assets | 29/58 | €513,478 | €339,187 | -€174,292 | -33.9% |
| Stocks and contracts in progress | 3 | €275,979 | €178,814 | -€97,165 | -35.2% |
| Stocks | 30/36 | €89,131 | €66,740 | -€22,391 | -25.1% |
| Contracts in progress | 37 | €186,848 | €112,074 | -€74,774 | -40.0% |
| Amounts receivable within one year | 40/41 | €230,091 | €142,907 | -€87,184 | -37.9% |
| Trade receivables | 40 | €185,139 | €65,899 | -€119,240 | -64.4% |
| Other amounts receivable | 41 | €44,951 | €77,008 | +€32,056 | +71.3% |
| Cash at bank and in hand | 54/58 | - | €9,716 | +€9,716 | |
| Deferred charges and accrued income | 490/1 | €7,409 | €7,749 | +€341 | +4.6% |
| Total equity and liabilities | 10/49 | €609,253 | €409,733 | -€199,519 | -32.7% |
| Equity | 10/15 | €92,173 | €74,636 | -€17,537 | -19.0% |
| Contributions | 10/11 | €24,789 | €789 | -€24,000 | -96.8% |
| Reserves | 13 | €100,318 | €86,444 | -€13,874 | -13.8% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €94,818 | €80,944 | -€13,874 | -14.6% |
| Profit (loss) carried forward | 14 | -€32,935 | -€12,598 | +€20,337 | +61.7% |
| Amounts payable | 17/49 | €517,080 | €335,098 | -€181,982 | -35.2% |
| Amounts payable after more than one year | 17 | €85,105 | €42,988 | -€42,118 | -49.5% |
| Financial debts | 170/4 | €85,105 | €42,988 | -€42,118 | -49.5% |
| Amounts payable within one year | 42/48 | €423,786 | €278,939 | -€144,847 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €41,660 | €42,118 | +€457 | +1.1% |
| Financial debts | 43 | €22,281 | €0 | -€22,281 | -100.0% |
| Credit institutions | 430/8 | €22,281 | €0 | -€22,281 | -100.0% |
| Trade debts | 44 | €275,125 | €91,347 | -€183,778 | -66.8% |
| Suppliers | 440/4 | €275,125 | €91,347 | -€183,778 | -66.8% |
| Taxes, remuneration and social security | 45 | €84,719 | €107,600 | +€22,881 | +27.0% |
| Taxes | 450/3 | €58,783 | €80,343 | +€21,560 | +36.7% |
| Remuneration and social security | 454/9 | €25,936 | €27,257 | +€1,321 | +5.1% |
| Other amounts payable | 47/48 | - | €37,874 | +€37,874 | |
| Accrued charges and deferred income | 492/3 | €8,189 | €13,171 | +€4,982 | +60.8% |
| Remuneration, social security and pensions | 62 | €102,812 | €107,696 | +€4,884 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,324 | €26,610 | -€1,714 | -6.1% |
| Other operating charges | 640/8 | €4,022 | €12,130 | +€8,108 | +201.6% |
| Non-recurring operating charges | 66A | €4,614 | €0 | -€4,614 | -100.0% |
| Gross operating margin | 9900 | €117,755 | €187,007 | +€69,253 | +58.8% |
| Operating profit (loss) | 9901 | -€22,017 | €40,572 | +€62,589 | |
| Financial income | 75/76B | €2,689 | €3,369 | +€680 | +25.3% |
| Recurring financial income | 75 | €2,689 | €3,369 | +€680 | +25.3% |
| Financial charges | 65/66B | €13,280 | €12,593 | -€687 | -5.2% |
| Recurring financial charges | 65 | €13,280 | €12,593 | -€687 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,609 | €31,348 | +€63,957 | |
| Income taxes | 67/77 | €326 | €11,011 | +€10,685 | +3278.2% |
| Profit (loss) for the period | 9904 | -€32,935 | €20,337 | +€53,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,935 | €20,337 | +€53,272 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.