ENGINE DECK REPAIR: 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.
What changed
ENGINE DECK REPAIR
NACE 33.150, Repair, maintenance and installation of machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.5m+€412,589
Equity
€13.5m
2024 · €10.4m+€3.1m
Cash
€10.4m
2024 · €2.2m+€8.2m
Balance sheet total
€72.7m
2024 · €64.1m+€8.6m
Largest movements
Assets
- Cash +€8.2m
up €8.2m (+377%), from €2.2m to €10.4m
mainly Depreciation (+€5.2m) and Debts after one year (+€2.0m)
- Receivables within one year -€852,533
down €852,533 (-3.8%), from €22.7m to €21.8m
of which Trade receivables: -€2.1m
Equity and liabilities
- Debts after one year +€2.0m
up €2.0m (+7.2%), from €27.3m to €29.2m
- Profit (loss) carried forward +€1.9m
up €1.9m (+21.9%), from €8.7m to €10.6m
- Trade debts +€1.8m
up €1.8m (+10.3%), from €17.1m to €18.8m
- Investment grants +€1.2m
new in 2025: €1.2m
Income statement
- Turnover +€27.0m
up €27.0m (+26.3%), from €102.7m to €129.7m
- Goods and materials +€20.5m
up €20.5m (+34.5%), from €59.4m to €79.9m
of which Purchases: +€21.0m
- Services and other goods +€3.1m
up €3.1m (+17.3%), from €17.9m to €21.0m
- Staff costs +€2.4m
up €2.4m (+13.8%), from €17.4m to €19.8m
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.
Result 2024
€1.5m
Turnover
+€27.0m
Other operating income
+€211,896
Goods and materials
-€20.5m
Services and other goods
-€3.1m
Staff costs
-€2.4m
Depreciation
-€609,526
Write-downs
+€51,630
Other operating charges
-€91,911
Other operating items
-€32,673
Financial income
+€14,142
Financial charges
+€86,826
Taxes
-€246,918
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€9.9m
Investment
-€5.6m
Financing
+€3.9m
Cash 2024
€2.2m
From operations (derived)
+€9.9m
Net result for the year
+€1.9m
Depreciation
+€5.2m
Stocks and contracts
-€621,998
Receivables within one year
+€852,533
Deferred charges and accrued income
-€177,467
Trade debts
+€1.8m
Tax, wage and social debts
+€688,466
Other debts
-€17,681
Accrued charges and deferred income
+€329,881
Investment (derived)
-€5.6m
Investment in fixed assets (net)
-€5.6m
Financing
+€3.9m
Debts after one year
+€2.0m
Current portion of long-term debt
+€548,562
Short-term financial debts
+€230,236
Contributions, distributions and other
+€1.2m
Cash 2025
€10.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,105,807 | €72,719,866 | +€8.6m | +13.4% |
| Fixed assets | 21/28 | €34,998,049 | €35,419,861 | +€421,812 | +1.2% |
| Intangible fixed assets | 21 | €379,366 | €421,200 | +€41,835 | +11.0% |
| Tangible fixed assets | 22/27 | €34,616,404 | €34,996,381 | +€379,977 | +1.1% |
| Land and buildings | 22 | €20,886,520 | €19,547,929 | -€1.3m | -6.4% |
| Plant, machinery and equipment | 23 | €7,739,489 | €7,455,283 | -€284,207 | -3.7% |
| Furniture and vehicles | 24 | €589,671 | €549,280 | -€40,392 | -6.8% |
| Leasing and similar rights | 25 | €3,102,093 | €2,909,379 | -€192,714 | -6.2% |
| Other tangible fixed assets | 26 | €2,298,630 | €1,966,989 | -€331,642 | -14.4% |
| Assets under construction and advance payments | 27 | €0 | €2,567,522 | +€2.6m | |
| Financial fixed assets | 28 | €2,280 | €2,280 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,280 | €2,280 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,280 | €2,280 | = | 0.0% |
| Current assets | 29/58 | €29,107,757 | €37,300,005 | +€8.2m | +28.1% |
| Stocks and contracts in progress | 3 | €3,733,977 | €4,355,975 | +€621,998 | +16.7% |
| Stocks | 30/36 | €3,733,977 | €4,355,975 | +€621,998 | +16.7% |
| Raw materials and consumables | 30/31 | €3,733,977 | €4,355,975 | +€621,998 | +16.7% |
| Amounts receivable within one year | 40/41 | €22,666,199 | €21,813,666 | -€852,533 | -3.8% |
| Trade receivables | 40 | €21,546,218 | €19,441,172 | -€2.1m | -9.8% |
| Other amounts receivable | 41 | €1,119,981 | €2,372,493 | +€1.3m | +112% |
| Cash at bank and in hand | 54/58 | €2,189,707 | €10,435,022 | +€8.2m | +377% |
| Deferred charges and accrued income | 490/1 | €517,874 | €695,341 | +€177,467 | +34.3% |
| Total equity and liabilities | 10/49 | €64,105,807 | €72,719,866 | +€8.6m | +13.4% |
| Equity | 10/15 | €10,350,403 | €13,463,279 | +€3.1m | +30.1% |
| Contributions | 10/11 | €1,481,000 | €1,481,000 | = | 0.0% |
| Capital | 10 | €1,481,000 | €1,481,000 | = | 0.0% |
| Issued capital | 100 | €1,481,000 | €1,481,000 | = | 0.0% |
| Reserves | 13 | €148,100 | €148,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €148,100 | €148,100 | = | 0.0% |
| Legal reserve | 130 | €148,100 | €148,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,721,303 | €10,634,179 | +€1.9m | +21.9% |
| Investment grants | 15 | - | €1,200,000 | +€1.2m | |
| Amounts payable | 17/49 | €53,755,404 | €59,256,587 | +€5.5m | +10.2% |
| Amounts payable after more than one year | 17 | €27,267,089 | €29,232,702 | +€2.0m | +7.2% |
| Financial debts | 170/4 | €27,267,089 | €29,232,702 | +€2.0m | +7.2% |
| Leasing and similar obligations | 172 | €2,649,494 | €2,570,212 | -€79,281 | -3.0% |
| Credit institutions | 173 | €24,617,595 | €20,649,503 | -€4.0m | -16.1% |
| Other loans | 174 | - | €6,012,987 | +€6.0m | |
| Amounts payable within one year | 42/48 | €26,310,224 | €29,515,913 | +€3.2m | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €3,925,268 | €4,473,830 | +€548,562 | +14.0% |
| Financial debts | 43 | €592,382 | €822,618 | +€230,236 | +38.9% |
| Credit institutions | 430/8 | €592,382 | €822,618 | +€230,236 | +38.9% |
| Trade debts | 44 | €17,073,606 | €18,829,711 | +€1.8m | +10.3% |
| Suppliers | 440/4 | €17,073,606 | €18,829,711 | +€1.8m | +10.3% |
| Taxes, remuneration and social security | 45 | €4,701,288 | €5,389,754 | +€688,466 | +14.6% |
| Taxes | 450/3 | €1,144,249 | €1,483,286 | +€339,036 | +29.6% |
| Remuneration and social security | 454/9 | €3,557,039 | €3,906,468 | +€349,430 | +9.8% |
| Other amounts payable | 47/48 | €17,681 | €0 | -€17,681 | -100% |
| Accrued charges and deferred income | 492/3 | €178,090 | €507,972 | +€329,881 | +185% |
| Operating income | 70/76A | €104,168,450 | €131,360,161 | +€27.2m | +26.1% |
| Turnover | 70 | €102,709,550 | €129,740,209 | +€27.0m | +26.3% |
| Own construction capitalised | 72 | €19,248 | €0 | -€19,248 | -100% |
| Other operating income | 74 | €1,398,807 | €1,610,702 | +€211,896 | +15.1% |
| Non-recurring operating income | 76A | €40,846 | €9,250 | -€31,596 | -77.4% |
| Operating charges | 60/66A | €100,045,634 | €126,678,806 | +€26.6m | +26.6% |
| Goods for resale, raw materials and consumables | 60 | €59,412,865 | €79,923,806 | +€20.5m | +34.5% |
| Purchases | 600/8 | €59,496,203 | €80,545,804 | +€21.0m | +35.4% |
| Change in stocks: decrease (increase) | 609 | -€83,338 | -€621,998 | -€538,660 | -646% |
| Services and other goods | 61 | €17,864,937 | €20,956,173 | +€3.1m | +17.3% |
| Remuneration, social security and pensions | 62 | €17,441,512 | €19,840,870 | +€2.4m | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,572,407 | €5,181,933 | +€609,526 | +13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,630 | €0 | -€51,630 | -100% |
| Other operating charges | 640/8 | €684,112 | €776,023 | +€91,911 | +13.4% |
| Non-recurring operating charges | 66A | €18,171 | €0 | -€18,171 | -100% |
| Operating profit (loss) | 9901 | €4,122,816 | €4,681,355 | +€558,539 | +13.5% |
| Financial income | 75/76B | €32,992 | €47,134 | +€14,142 | +42.9% |
| Recurring financial income | 75 | €32,992 | €47,134 | +€14,142 | +42.9% |
| Income from current assets | 751 | €0 | €0 | -€0 | -100% |
| Other financial income | 752/9 | €32,992 | €47,134 | +€14,143 | +42.9% |
| Financial charges | 65/66B | €1,974,521 | €1,887,695 | -€86,826 | -4.4% |
| Recurring financial charges | 65 | €1,974,521 | €1,887,695 | -€86,826 | -4.4% |
| Debt charges | 650 | €1,961,300 | €1,847,696 | -€113,604 | -5.8% |
| Other financial charges | 652/9 | €13,221 | €39,999 | +€26,778 | +203% |
| Profit (loss) for the period before taxes | 9903 | €2,181,287 | €2,840,794 | +€659,507 | +30.2% |
| Income taxes | 67/77 | €681,000 | €927,918 | +€246,918 | +36.3% |
| Taxes | 670/3 | €681,000 | €927,918 | +€246,918 | +36.3% |
| Profit (loss) for the period | 9904 | €1,500,287 | €1,912,876 | +€412,589 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,500,287 | €1,912,876 | +€412,589 | +27.5% |
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 17 October 2026 via checked.be.