MECHANICAL ENGINEERING SOLUTIONS: 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.
MECHANICAL ENGINEERING SOLUTIONS
Largest movements
- Tangible fixed assets -€188,264
down €188,264 (-98.4%), from €191,252 to €2,987
of which Land and buildings: -€185,000
- Receivables within one year +€54,272
up €54,272 (+71.9%), from €75,529 to €129,801
of which Trade receivables: +€72,825
- Other debts -€143,550
down €143,550 (-70.5%), from €203,531 to €59,981
- Reserves +€61,344
up €61,344 (+29.2%), from €209,817 to €271,161
- Debts after one year -€29,682
down €29,682 (-21.5%), from €138,310 to €108,628
- Current portion of long-term debt -€18,923
down €18,923 (-38.9%), from €48,604 to €29,682
- Write-downs +€10,803
new in 2024: €10,803
- Gross operating margin +€9,045
up €9,045 (+8.6%), from €104,802 to €113,847
- Taxes +€4,516
up €4,516 (+17.8%), from €25,408 to €29,924
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 | €650,542 | €523,581 | -€126,961 | -19.5% |
| Fixed assets | 21/28 | €565,146 | €378,319 | -€186,827 | -33.1% |
| Tangible fixed assets | 22/27 | €191,252 | €2,987 | -€188,264 | -98.4% |
| Land and buildings | 22 | €185,000 | - | -€185,000 | |
| Furniture and vehicles | 24 | €6,252 | €2,987 | -€3,264 | -52.2% |
| Financial fixed assets | 28 | €373,895 | €375,332 | +€1,437 | +0.4% |
| Current assets | 29/58 | €85,396 | €145,262 | +€59,866 | +70.1% |
| Amounts receivable within one year | 40/41 | €75,529 | €129,801 | +€54,272 | +71.9% |
| Trade receivables | 40 | €54,726 | €127,551 | +€72,825 | +133.1% |
| Other amounts receivable | 41 | €20,803 | €2,250 | -€18,553 | -89.2% |
| Cash at bank and in hand | 54/58 | €9,867 | €14,014 | +€4,147 | +42.0% |
| Deferred charges and accrued income | 490/1 | - | €1,447 | +€1,447 | |
| Total equity and liabilities | 10/49 | €650,542 | €523,581 | -€126,961 | -19.5% |
| Equity | 10/15 | €228,417 | €289,761 | +€61,344 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,817 | €271,161 | +€61,344 | +29.2% |
| Distributable reserves | 133 | €209,817 | €271,161 | +€61,344 | +29.2% |
| Amounts payable | 17/49 | €422,125 | €233,820 | -€188,305 | -44.6% |
| Amounts payable after more than one year | 17 | €138,310 | €108,628 | -€29,682 | -21.5% |
| Financial debts | 170/4 | €138,310 | €108,628 | -€29,682 | -21.5% |
| Amounts payable within one year | 42/48 | €283,815 | €125,192 | -€158,623 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €48,604 | €29,682 | -€18,923 | -38.9% |
| Trade debts | 44 | €3,186 | €1,487 | -€1,698 | -53.3% |
| Suppliers | 440/4 | €3,186 | €1,487 | -€1,698 | -53.3% |
| Taxes, remuneration and social security | 45 | €28,494 | €34,042 | +€5,547 | +19.5% |
| Taxes | 450/3 | €28,494 | €34,042 | +€5,547 | +19.5% |
| Other amounts payable | 47/48 | €203,531 | €59,981 | -€143,550 | -70.5% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,300 | €3,264 | -€35 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,803 | +€10,803 | |
| Other operating charges | 640/8 | €1,177 | €463 | -€715 | -60.7% |
| Gross operating margin | 9900 | €104,802 | €113,847 | +€9,045 | +8.6% |
| Operating profit (loss) | 9901 | €100,325 | €99,317 | -€1,007 | -1.0% |
| Financial income | 75/76B | €629 | €0 | -€629 | -100.0% |
| Recurring financial income | 75 | €629 | €0 | -€629 | -100.0% |
| Financial charges | 65/66B | €7,732 | €8,050 | +€318 | +4.1% |
| Recurring financial charges | 65 | €7,732 | €8,050 | +€318 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €93,222 | €91,268 | -€1,954 | -2.1% |
| Income taxes | 67/77 | €25,408 | €29,924 | +€4,516 | +17.8% |
| Profit (loss) for the period | 9904 | €67,814 | €61,344 | -€6,470 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,814 | €61,344 | -€6,470 | -9.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.