ENGINEERING V.C.: 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.
ENGINEERING V.C.
Largest movements
- Stocks and contracts +€249,089
up €249,089 (+70.0%), from €355,667 to €604,756
- Receivables within one year -€28,963
down €28,963 (-14.6%), from €198,120 to €169,157
of which Trade receivables: -€24,063
- Tangible fixed assets -€10,508
down €10,508 (-64.6%), from €16,267 to €5,759
of which Furniture and vehicles: -€7,629
- Short-term financial debts +€382,164
up €382,164 (+635.0%), from €60,181 to €442,345
- Debts after one year -€192,000
no longer reported in 2025 (was €192,000)
- Other debts +€173,598
up €173,598 (+328.2%), from €52,894 to €226,492
- Trade debts -€103,483
down €103,483 (-86.6%), from €119,442 to €15,959
- Current portion of long-term debt -€44,472
no longer reported in 2025 (was €44,472)
- Financial charges +€7,005
up €7,005 (+36.1%), from €19,395 to €26,400
- Staff costs -€5,443
down €5,443 (-39.5%), from €13,769 to €8,326
- Gross operating margin -€5,404
down €5,404 (-10.4%), from €52,072 to €46,668
- Taxes -€2,993
down €2,993 (-43.2%), from €6,930 to €3,937
- Depreciation -€524
down €524 (-15.4%), from €3,403 to €2,879
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 | €827,037 | €1,034,642 | +€207,605 | +25.1% |
| Fixed assets | 21/28 | €266,267 | €255,759 | -€10,508 | -3.9% |
| Tangible fixed assets | 22/27 | €16,267 | €5,759 | -€10,508 | -64.6% |
| Land and buildings | 22 | €8,638 | €5,759 | -€2,879 | -33.3% |
| Furniture and vehicles | 24 | €7,629 | - | -€7,629 | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €560,770 | €778,883 | +€218,113 | +38.9% |
| Stocks and contracts in progress | 3 | €355,667 | €604,756 | +€249,089 | +70.0% |
| Stocks | 30/36 | €355,667 | €604,756 | +€249,089 | +70.0% |
| Amounts receivable within one year | 40/41 | €198,120 | €169,157 | -€28,963 | -14.6% |
| Trade receivables | 40 | €185,405 | €161,342 | -€24,063 | -13.0% |
| Other amounts receivable | 41 | €12,715 | €7,814 | -€4,901 | -38.5% |
| Cash at bank and in hand | 54/58 | €3,790 | €1,512 | -€2,278 | -60.1% |
| Deferred charges and accrued income | 490/1 | €3,193 | €3,459 | +€266 | +8.3% |
| Total equity and liabilities | 10/49 | €827,037 | €1,034,642 | +€207,605 | +25.1% |
| Equity | 10/15 | €343,191 | €346,178 | +€2,987 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,420 | €220,420 | = | 0.0% |
| Distributable reserves | 133 | €220,420 | €220,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,171 | €107,158 | +€2,987 | +2.9% |
| Amounts payable | 17/49 | €483,846 | €688,464 | +€204,618 | +42.3% |
| Amounts payable after more than one year | 17 | €192,000 | - | -€192,000 | |
| Financial debts | 170/4 | €192,000 | - | -€192,000 | |
| Amounts payable within one year | 42/48 | €291,846 | €688,464 | +€396,618 | +135.9% |
| Current portion of amounts payable after more than one year | 42 | €44,472 | - | -€44,472 | |
| Financial debts | 43 | €60,181 | €442,345 | +€382,164 | +635.0% |
| Credit institutions | 430/8 | €60,181 | €442,345 | +€382,164 | +635.0% |
| Trade debts | 44 | €119,442 | €15,959 | -€103,483 | -86.6% |
| Suppliers | 440/4 | €119,442 | €15,959 | -€103,483 | -86.6% |
| Taxes, remuneration and social security | 45 | €14,857 | €3,667 | -€11,190 | -75.3% |
| Taxes | 450/3 | €12,416 | €563 | -€11,853 | -95.5% |
| Remuneration and social security | 454/9 | €2,441 | €3,104 | +€663 | +27.2% |
| Other amounts payable | 47/48 | €52,894 | €226,492 | +€173,598 | +328.2% |
| Remuneration, social security and pensions | 62 | €13,769 | €8,326 | -€5,443 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,403 | €2,879 | -€524 | -15.4% |
| Other operating charges | 640/8 | €2,103 | €2,238 | +€135 | +6.4% |
| Gross operating margin | 9900 | €52,072 | €46,668 | -€5,404 | -10.4% |
| Operating profit (loss) | 9901 | €32,797 | €33,224 | +€427 | +1.3% |
| Financial income | 75/76B | €89 | €100 | +€11 | +12.5% |
| Recurring financial income | 75 | €89 | €100 | +€11 | +12.5% |
| Financial charges | 65/66B | €19,395 | €26,400 | +€7,005 | +36.1% |
| Recurring financial charges | 65 | €19,395 | €26,400 | +€7,005 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €13,491 | €6,924 | -€6,567 | -48.7% |
| Income taxes | 67/77 | €6,930 | €3,937 | -€2,993 | -43.2% |
| Profit (loss) for the period | 9904 | €6,561 | €2,987 | -€3,574 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,561 | €2,987 | -€3,574 | -54.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.