CSW Engineering Group: 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.
CSW Engineering Group
Largest movements
- Cash +€5,088
up €5,088 (+145.2%), from €3,505 to €8,592
mainly Trade debts (+€23,322) and Depreciation (+€1,676)
- Tangible fixed assets +€2,685
up €2,685 (+148.2%), from €1,812 to €4,497
of which Furniture and vehicles: +€3,680
- Receivables within one year +€354
up €354 (+1.7%), from €20,965 to €21,320
of which Other amounts receivable: +€270
- Trade debts +€23,322
up €23,322 (+261.0%), from €8,937 to €32,260
- Profit (loss) carried forward -€11,508
down €11,508 (-15.5%), from -€74,154 to -€85,663
- Tax, wage and social debts -€4,656
no longer reported in 2025 (was €4,656)
- Other debts +€488
up €488 (+22.4%), from €2,178 to €2,666
- Gross operating margin -€36,841
down €36,841, from €27,674 to -€9,168
- Financial charges -€29,588
down €29,588 (-99.1%), from €29,859 to €271
of which Non-recurring financial charges: -€29,616
- Staff costs -€16,216
no longer reported in 2025 (was €16,216)
- Depreciation -€401
down €401 (-19.3%), from €2,077 to €1,676
- Other operating charges -€294
down €294 (-42.4%), from €693 to €400
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 | €26,867 | €34,513 | +€7,646 | +28.5% |
| Fixed assets | 21/28 | €2,072 | €4,497 | +€2,425 | +117.0% |
| Tangible fixed assets | 22/27 | €1,812 | €4,497 | +€2,685 | +148.2% |
| Plant, machinery and equipment | 23 | €1,518 | €523 | -€995 | -65.6% |
| Furniture and vehicles | 24 | €294 | €3,974 | +€3,680 | +1250.8% |
| Financial fixed assets | 28 | €260 | - | -€260 | |
| Current assets | 29/58 | €24,795 | €30,016 | +€5,221 | +21.1% |
| Amounts receivable within one year | 40/41 | €20,965 | €21,320 | +€354 | +1.7% |
| Trade receivables | 40 | €19,772 | €19,857 | +€84 | +0.4% |
| Other amounts receivable | 41 | €1,193 | €1,463 | +€270 | +22.6% |
| Cash at bank and in hand | 54/58 | €3,505 | €8,592 | +€5,088 | +145.2% |
| Deferred charges and accrued income | 490/1 | €325 | €104 | -€221 | -68.0% |
| Total equity and liabilities | 10/49 | €26,867 | €34,513 | +€7,646 | +28.5% |
| Equity | 10/15 | €11,096 | -€413 | -€11,508 | |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €21,250 | €21,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Distributable reserves | 133 | €14,850 | €14,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,154 | -€85,663 | -€11,508 | -15.5% |
| Amounts payable | 17/49 | €15,771 | €34,926 | +€19,154 | +121.4% |
| Amounts payable within one year | 42/48 | €15,771 | €34,926 | +€19,154 | +121.4% |
| Trade debts | 44 | €8,937 | €32,260 | +€23,322 | +261.0% |
| Suppliers | 440/4 | €8,937 | €32,260 | +€23,322 | +261.0% |
| Taxes, remuneration and social security | 45 | €4,656 | - | -€4,656 | |
| Taxes | 450/3 | €4,656 | - | -€4,656 | |
| Other amounts payable | 47/48 | €2,178 | €2,666 | +€488 | +22.4% |
| Remuneration, social security and pensions | 62 | €16,216 | - | -€16,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,077 | €1,676 | -€401 | -19.3% |
| Other operating charges | 640/8 | €693 | €400 | -€294 | -42.4% |
| Gross operating margin | 9900 | €27,674 | -€9,168 | -€36,841 | |
| Operating profit (loss) | 9901 | €8,687 | -€11,243 | -€19,930 | |
| Financial income | 75/76B | €1 | €6 | +€5 | +937.0% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +937.0% |
| Financial charges | 65/66B | €29,859 | €271 | -€29,588 | -99.1% |
| Recurring financial charges | 65 | €242 | €271 | +€28 | +11.6% |
| Non-recurring financial charges | 66B | €29,616 | - | -€29,616 | |
| Profit (loss) for the period before taxes | 9903 | -€21,171 | -€11,508 | +€9,663 | +45.6% |
| Income taxes | 67/77 | €250 | - | -€250 | |
| Profit (loss) for the period | 9904 | -€21,420 | -€11,508 | +€9,912 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,420 | -€11,508 | +€9,912 | +46.3% |
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 7 October 2026 via checked.be.