MECHANICAL ENGINEERING: 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.
MECHANICAL ENGINEERING
Largest movements
- Cash -€73,330
down €73,330 (-89.5%), from €81,953 to €8,623
mainly Receivables within one year (-€40,898) and Advances received (-€12,106)
- Receivables within one year +€40,898
up €40,898 (+655.3%), from €6,242 to €47,140
of which Trade receivables: +€39,320
- Stocks and contracts +€8,983
new in 2024: €8,983
- Tangible fixed assets -€8,975
down €8,975 (-27.7%), from €32,390 to €23,415
of which Plant, machinery and equipment: -€5,517
- Advances received -€12,106
down €12,106 (-100.0%), from €12,106 to €0
- Profit (loss) carried forward -€11,341
down €11,341 (-14.8%), from €76,615 to €65,273
- Gross operating margin -€32,841
down €32,841, from €26,249 to -€6,593
- Depreciation -€10,319
down €10,319 (-54.8%), from €18,842 to €8,523
- Financial income +€4,753
up €4,753 (+439.0%), from €1,083 to €5,836
- Other operating charges -€471
down €471 (-37.6%), from €1,252 to €781
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,169 | €306,639 | -€30,530 | -9.1% |
| Fixed assets | 21/28 | €42,886 | €33,911 | -€8,975 | -20.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,390 | €23,415 | -€8,975 | -27.7% |
| Land and buildings | 22 | €4,241 | €2,527 | -€1,714 | -40.4% |
| Plant, machinery and equipment | 23 | €22,401 | €16,884 | -€5,517 | -24.6% |
| Furniture and vehicles | 24 | €5,749 | €4,004 | -€1,744 | -30.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €10,496 | €10,496 | = | 0.0% |
| Current assets | 29/58 | €294,283 | €272,728 | -€21,554 | -7.3% |
| Stocks and contracts in progress | 3 | - | €8,983 | +€8,983 | |
| Stocks | 30/36 | - | €8,983 | +€8,983 | |
| Amounts receivable within one year | 40/41 | €6,242 | €47,140 | +€40,898 | +655.3% |
| Trade receivables | 40 | €5,399 | €44,719 | +€39,320 | +728.2% |
| Other amounts receivable | 41 | €842 | €2,421 | +€1,579 | +187.5% |
| Current investments | 50/53 | €206,088 | €207,982 | +€1,894 | +0.9% |
| Cash at bank and in hand | 54/58 | €81,953 | €8,623 | -€73,330 | -89.5% |
| Total equity and liabilities | 10/49 | €337,169 | €306,639 | -€30,530 | -9.1% |
| Equity | 10/15 | €298,312 | €283,933 | -€14,379 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €212,460 | €212,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €204,600 | €0 | -€204,600 | -100.0% |
| Distributable reserves | 133 | €7,860 | €212,460 | +€204,600 | +2603.1% |
| Profit (loss) carried forward | 14 | €76,615 | €65,273 | -€11,341 | -14.8% |
| Investment grants | 15 | €3,038 | €0 | -€3,038 | -100.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €38,857 | €22,706 | -€16,151 | -41.6% |
| Amounts payable within one year | 42/48 | €38,857 | €22,706 | -€16,151 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €20,709 | €19,323 | -€1,386 | -6.7% |
| Suppliers | 440/4 | €20,709 | €19,323 | -€1,386 | -6.7% |
| Advances received on contracts in progress | 46 | €12,106 | €0 | -€12,106 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,042 | €2,991 | -€3,050 | -50.5% |
| Taxes | 450/3 | €4,042 | €871 | -€3,171 | -78.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,120 | +€120 | +6.0% |
| Other amounts payable | 47/48 | €0 | €392 | +€392 | |
| Non-recurring operating income | 76A | - | €6,292 | +€6,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,842 | €8,523 | -€10,319 | -54.8% |
| Other operating charges | 640/8 | €1,252 | €781 | -€471 | -37.6% |
| Gross operating margin | 9900 | €26,249 | -€6,593 | -€32,841 | |
| Operating profit (loss) | 9901 | €6,155 | -€15,897 | -€22,052 | |
| Financial income | 75/76B | €1,083 | €5,836 | +€4,753 | +439.0% |
| Recurring financial income | 75 | €1,083 | €5,836 | +€4,753 | +439.0% |
| Financial charges | 65/66B | €137 | €329 | +€192 | +141.0% |
| Recurring financial charges | 65 | €137 | €329 | +€192 | +141.0% |
| Profit (loss) for the period before taxes | 9903 | €7,101 | -€10,390 | -€17,491 | |
| Income taxes | 67/77 | €1,016 | €951 | -€65 | -6.3% |
| Profit (loss) for the period | 9904 | €6,085 | -€11,341 | -€17,427 | |
| Transfer from tax-exempt reserves | 789 | - | €204,600 | +€204,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,085 | €193,259 | +€187,173 | +3075.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.