CV 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.
CV engineering
Largest movements
- Tangible fixed assets +€367,045
up €367,045 (+67.7%), from €542,054 to €909,099
of which Land and buildings: +€390,379
- Receivables within one year -€32,495
down €32,495 (-17.3%), from €188,165 to €155,670
of which Other amounts receivable: -€60,015
- Debts after one year +€242,225
up €242,225 (+51.0%), from €475,141 to €717,365
- Trade debts +€61,349
up €61,349 (+86.9%), from €70,564 to €131,913
- Reserves +€45,832
up €45,832 (+15.7%), from €291,522 to €337,354
- Tax, wage and social debts -€18,374
down €18,374 (-51.2%), from €35,915 to €17,541
of which Remuneration and social security: -€16,445
- Financial charges +€23,735
up €23,735 (+909.8%), from €2,609 to €26,344
- Taxes -€22,851
down €22,851 (-91.7%), from €24,930 to €2,080
- Depreciation +€22,786
up €22,786 (+67.3%), from €33,863 to €56,649
- Gross operating margin -€17,072
down €17,072 (-6.5%), from €261,417 to €244,345
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 | €914,604 | €1,246,948 | +€332,343 | +36.3% |
| Fixed assets | 21/28 | €542,219 | €909,264 | +€367,045 | +67.7% |
| Tangible fixed assets | 22/27 | €542,054 | €909,099 | +€367,045 | +67.7% |
| Land and buildings | 22 | €420,237 | €810,615 | +€390,379 | +92.9% |
| Plant, machinery and equipment | 23 | €13,588 | €23,166 | +€9,578 | +70.5% |
| Furniture and vehicles | 24 | €108,229 | €75,318 | -€32,911 | -30.4% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €372,385 | €337,683 | -€34,702 | -9.3% |
| Stocks and contracts in progress | 3 | €21,533 | €27,245 | +€5,712 | +26.5% |
| Stocks | 30/36 | €21,533 | €27,245 | +€5,712 | +26.5% |
| Amounts receivable within one year | 40/41 | €188,165 | €155,670 | -€32,495 | -17.3% |
| Trade receivables | 40 | €119,522 | €147,043 | +€27,520 | +23.0% |
| Other amounts receivable | 41 | €68,643 | €8,627 | -€60,015 | -87.4% |
| Cash at bank and in hand | 54/58 | €162,687 | €152,867 | -€9,819 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €1,901 | +€1,901 | |
| Total equity and liabilities | 10/49 | €914,604 | €1,246,948 | +€332,343 | +36.3% |
| Equity | 10/15 | €296,522 | €342,354 | +€45,832 | +15.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €291,522 | €337,354 | +€45,832 | +15.7% |
| Distributable reserves | 133 | €291,522 | €337,354 | +€45,832 | +15.7% |
| Amounts payable | 17/49 | €618,083 | €904,594 | +€286,511 | +46.4% |
| Amounts payable after more than one year | 17 | €475,141 | €717,365 | +€242,225 | +51.0% |
| Financial debts | 170/4 | €475,141 | €717,365 | +€242,225 | +51.0% |
| Amounts payable within one year | 42/48 | €142,942 | €187,229 | +€44,287 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €36,463 | €37,775 | +€1,313 | +3.6% |
| Trade debts | 44 | €70,564 | €131,913 | +€61,349 | +86.9% |
| Suppliers | 440/4 | €70,564 | €131,913 | +€61,349 | +86.9% |
| Taxes, remuneration and social security | 45 | €35,915 | €17,541 | -€18,374 | -51.2% |
| Taxes | 450/3 | €19,470 | €17,541 | -€1,930 | -9.9% |
| Remuneration and social security | 454/9 | €16,445 | - | -€16,445 | |
| Remuneration, social security and pensions | 62 | €111,759 | €112,134 | +€374 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,863 | €56,649 | +€22,786 | +67.3% |
| Other operating charges | 640/8 | €1,101 | €1,307 | +€206 | +18.7% |
| Gross operating margin | 9900 | €261,417 | €244,345 | -€17,072 | -6.5% |
| Operating profit (loss) | 9901 | €114,694 | €74,255 | -€40,439 | -35.3% |
| Financial charges | 65/66B | €2,609 | €26,344 | +€23,735 | +909.8% |
| Recurring financial charges | 65 | €2,609 | €26,344 | +€23,735 | +909.8% |
| Profit (loss) for the period before taxes | 9903 | €112,085 | €47,912 | -€64,174 | -57.3% |
| Income taxes | 67/77 | €24,930 | €2,080 | -€22,851 | -91.7% |
| Profit (loss) for the period | 9904 | €87,155 | €45,832 | -€41,323 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,155 | €45,832 | -€41,323 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.