SHARPENSET 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.
SHARPENSET ENGINEERING
Largest movements
- Cash -€37,136
down €37,136 (-90.6%), from €40,999 to €3,863
mainly Trade debts (-€79,372) and Debts after one year (-€25,758)
- Tangible fixed assets -€22,540
down €22,540 (-3.8%), from €600,522 to €577,983
- Receivables within one year +€18,845
up €18,845 (+8.6%), from €219,758 to €238,603
of which Other amounts receivable: +€18,185
- Trade debts -€79,372
down €79,372 (-70.6%), from €112,451 to €33,078
- Advances received +€33,045
up €33,045, from €0 to €33,045
- Debts after one year -€25,758
down €25,758 (-6.7%), from €383,569 to €357,811
- Reserves +€22,221
up €22,221 (+11.9%), from €187,120 to €209,341
of which Distributable reserves: +€22,221
- Gross operating margin -€18,197
down €18,197 (-14.5%), from €125,285 to €107,088
- Depreciation +€9,848
up €9,848 (+54.5%), from €18,074 to €27,921
- Taxes -€9,637
down €9,637 (-43.6%), from €22,117 to €12,479
- Financial charges +€1,373
up €1,373 (+5.1%), from €27,110 to €28,484
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 | €861,280 | €820,449 | -€40,831 | -4.7% |
| Fixed assets | 21/28 | €600,522 | €577,983 | -€22,540 | -3.8% |
| Tangible fixed assets | 22/27 | €600,522 | €577,983 | -€22,540 | -3.8% |
| Land and buildings | 22 | €533,604 | €523,432 | -€10,172 | -1.9% |
| Plant, machinery and equipment | 23 | €16,596 | €14,136 | -€2,460 | -14.8% |
| Furniture and vehicles | 24 | €50,322 | €40,414 | -€9,908 | -19.7% |
| Current assets | 29/58 | €260,757 | €242,466 | -€18,291 | -7.0% |
| Amounts receivable within one year | 40/41 | €219,758 | €238,603 | +€18,845 | +8.6% |
| Trade receivables | 40 | €153,254 | €153,914 | +€660 | +0.4% |
| Other amounts receivable | 41 | €66,504 | €84,689 | +€18,185 | +27.3% |
| Cash at bank and in hand | 54/58 | €40,999 | €3,863 | -€37,136 | -90.6% |
| Total equity and liabilities | 10/49 | €861,280 | €820,449 | -€40,831 | -4.7% |
| Equity | 10/15 | €197,120 | €219,341 | +€22,221 | +11.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €187,120 | €209,341 | +€22,221 | +11.9% |
| Tax-exempt reserves | 132 | €8,352 | €8,352 | = | 0.0% |
| Distributable reserves | 133 | €178,767 | €200,989 | +€22,221 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €664,160 | €601,108 | -€63,052 | -9.5% |
| Amounts payable after more than one year | 17 | €383,569 | €357,811 | -€25,758 | -6.7% |
| Financial debts | 170/4 | €383,569 | €357,811 | -€25,758 | -6.7% |
| Amounts payable within one year | 42/48 | €280,591 | €242,901 | -€37,691 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €10,297 | €18,627 | +€8,330 | +80.9% |
| Financial debts | 43 | - | €3,381 | +€3,381 | |
| Credit institutions | 430/8 | - | €3,381 | +€3,381 | |
| Trade debts | 44 | €112,451 | €33,078 | -€79,372 | -70.6% |
| Suppliers | 440/4 | €112,451 | €33,078 | -€79,372 | -70.6% |
| Advances received on contracts in progress | 46 | €0 | €33,045 | +€33,045 | |
| Taxes, remuneration and social security | 45 | €22,532 | €22,473 | -€59 | -0.3% |
| Taxes | 450/3 | €22,532 | €22,473 | -€59 | -0.3% |
| Other amounts payable | 47/48 | €135,312 | €132,297 | -€3,016 | -2.2% |
| Accrued charges and deferred income | 492/3 | €0 | €396 | +€396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,074 | €27,921 | +€9,848 | +54.5% |
| Other operating charges | 640/8 | €1,651 | €2,119 | +€468 | +28.3% |
| Gross operating margin | 9900 | €125,285 | €107,088 | -€18,197 | -14.5% |
| Operating profit (loss) | 9901 | €105,559 | €77,047 | -€28,512 | -27.0% |
| Financial income | 75/76B | €879 | €1,137 | +€258 | +29.3% |
| Recurring financial income | 75 | €879 | €1,137 | +€258 | +29.3% |
| Financial charges | 65/66B | €27,110 | €28,484 | +€1,373 | +5.1% |
| Recurring financial charges | 65 | €27,110 | €28,484 | +€1,373 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €79,329 | €49,701 | -€29,628 | -37.3% |
| Income taxes | 67/77 | €22,117 | €12,479 | -€9,637 | -43.6% |
| Profit (loss) for the period | 9904 | €57,212 | €37,221 | -€19,990 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,212 | €37,221 | -€19,990 | -34.9% |
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 1 October 2026 via checked.be.