Fonseca 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.
Fonseca Engineering
Largest movements
- Receivables within one year -€14,676
down €14,676 (-46.7%), from €31,416 to €16,740
of which Trade receivables: -€14,676
- Tangible fixed assets -€6,354
down €6,354 (-40.0%), from €15,875 to €9,521
of which Plant, machinery and equipment: -€3,519
- Cash -€3,300
down €3,300 (-25.9%), from €12,747 to €9,447
mainly Contributions, distributions and other (-€18,024) and Tax, wage and social debts (-€15,016)
- Tax, wage and social debts -€15,016
down €15,016 (-43.6%), from €34,441 to €19,425
- Other debts -€3,907
down €3,907 (-42.5%), from €9,193 to €5,285
- Debts after one year -€3,057
down €3,057 (-100%), from €3,057 to €0
- Short-term financial debts -€1,954
down €1,954 (-18.7%), from €10,462 to €8,508
- Gross operating margin -€43,688
down €43,688 (-56.7%), from €77,039 to €33,351
- Taxes -€8,846
down €8,846 (-59.8%), from €14,783 to €5,936
- Depreciation -€4,463
down €4,463 (-41.3%), from €10,817 to €6,354
- Other operating charges +€1,166
up €1,166 (+102%), from €1,144 to €2,310
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,969 | €36,777 | -€24,192 | -39.7% |
| Fixed assets | 21/28 | €15,875 | €9,521 | -€6,354 | -40.0% |
| Tangible fixed assets | 22/27 | €15,875 | €9,521 | -€6,354 | -40.0% |
| Plant, machinery and equipment | 23 | €13,040 | €9,521 | -€3,519 | -27.0% |
| Furniture and vehicles | 24 | €2,834 | €0 | -€2,834 | -100% |
| Current assets | 29/58 | €45,094 | €27,256 | -€17,838 | -39.6% |
| Amounts receivable within one year | 40/41 | €31,416 | €16,740 | -€14,676 | -46.7% |
| Trade receivables | 40 | €24,916 | €10,240 | -€14,676 | -58.9% |
| Other amounts receivable | 41 | €6,500 | €6,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,747 | €9,447 | -€3,300 | -25.9% |
| Deferred charges and accrued income | 490/1 | €931 | €1,069 | +€138 | +14.8% |
| Total equity and liabilities | 10/49 | €60,969 | €36,777 | -€24,192 | -39.7% |
| Equity | 10/15 | €2,860 | €2,860 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €58,109 | €33,917 | -€24,192 | -41.6% |
| Amounts payable after more than one year | 17 | €3,057 | €0 | -€3,057 | -100% |
| Financial debts | 170/4 | €3,057 | €0 | -€3,057 | -100% |
| Amounts payable within one year | 42/48 | €55,052 | €33,917 | -€21,135 | -38.4% |
| Financial debts | 43 | €10,462 | €8,508 | -€1,954 | -18.7% |
| Credit institutions | 430/8 | €10,462 | €8,508 | -€1,954 | -18.7% |
| Trade debts | 44 | €956 | €700 | -€257 | -26.9% |
| Suppliers | 440/4 | €956 | €700 | -€257 | -26.9% |
| Taxes, remuneration and social security | 45 | €34,441 | €19,425 | -€15,016 | -43.6% |
| Taxes | 450/3 | €34,441 | €19,425 | -€15,016 | -43.6% |
| Other amounts payable | 47/48 | €9,193 | €5,285 | -€3,907 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,817 | €6,354 | -€4,463 | -41.3% |
| Other operating charges | 640/8 | €1,144 | €2,310 | +€1,166 | +102% |
| Gross operating margin | 9900 | €77,039 | €33,351 | -€43,688 | -56.7% |
| Operating profit (loss) | 9901 | €65,078 | €24,687 | -€40,391 | -62.1% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €740 | €748 | +€8 | +1.1% |
| Recurring financial charges | 65 | €740 | €748 | +€8 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €64,338 | €23,961 | -€40,377 | -62.8% |
| Income taxes | 67/77 | €14,783 | €5,936 | -€8,846 | -59.8% |
| Profit (loss) for the period | 9904 | €49,555 | €18,024 | -€31,531 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,555 | €18,024 | -€31,531 | -63.6% |
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 13 October 2026 via checked.be.