V3 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.
V3 Engineering
Largest movements
- Financial fixed assets +€80,000
up €80,000 (+320000.0%), from €25 to €80,025
- Cash -€41,755
down €41,755 (-28.6%), from €145,945 to €104,190
mainly Investment in fixed assets (net) (-€80,000) and Contributions, distributions and other (-€40,160)
- Receivables within one year +€17,855
up €17,855 (+44.3%), from €40,298 to €58,153
of which Other amounts receivable: +€10,741
- Tangible fixed assets -€10,100
down €10,100 (-45.8%), from €22,042 to €11,942
of which Furniture and vehicles: -€9,366
- Other debts +€39,802
up €39,802 (+49.1%), from €81,136 to €120,938
- Tax, wage and social debts +€6,286
up €6,286 (+109.2%), from €5,758 to €12,044
- Gross operating margin -€30,829
down €30,829 (-29.5%), from €104,388 to €73,559
- Taxes -€5,702
down €5,702 (-25.9%), from €22,023 to €16,320
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 | €210,307 | €255,518 | +€45,211 | +21.5% |
| Fixed assets | 21/28 | €22,067 | €91,967 | +€69,900 | +316.8% |
| Tangible fixed assets | 22/27 | €22,042 | €11,942 | -€10,100 | -45.8% |
| Furniture and vehicles | 24 | €14,855 | €5,489 | -€9,366 | -63.0% |
| Other tangible fixed assets | 26 | €7,187 | €6,453 | -€734 | -10.2% |
| Financial fixed assets | 28 | €25 | €80,025 | +€80,000 | +320000.0% |
| Current assets | 29/58 | €188,240 | €163,551 | -€24,689 | -13.1% |
| Amounts receivable within one year | 40/41 | €40,298 | €58,153 | +€17,855 | +44.3% |
| Trade receivables | 40 | €29,336 | €36,450 | +€7,114 | +24.2% |
| Other amounts receivable | 41 | €10,962 | €21,703 | +€10,741 | +98.0% |
| Cash at bank and in hand | 54/58 | €145,945 | €104,190 | -€41,755 | -28.6% |
| Deferred charges and accrued income | 490/1 | €1,997 | €1,209 | -€788 | -39.5% |
| Total equity and liabilities | 10/49 | €210,307 | €255,518 | +€45,211 | +21.5% |
| Equity | 10/15 | €117,867 | €119,479 | +€1,612 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,260 | €100,870 | +€1,610 | +1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €99,260 | €100,870 | +€1,610 | +1.6% |
| Profit (loss) carried forward | 14 | €7 | €9 | +€2 | +33.1% |
| Amounts payable | 17/49 | €92,440 | €136,039 | +€43,599 | +47.2% |
| Amounts payable within one year | 42/48 | €92,440 | €136,039 | +€43,599 | +47.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,546 | €3,057 | -€2,489 | -44.9% |
| Suppliers | 440/4 | €5,546 | €3,057 | -€2,489 | -44.9% |
| Taxes, remuneration and social security | 45 | €5,758 | €12,044 | +€6,286 | +109.2% |
| Taxes | 450/3 | €5,758 | €12,044 | +€6,286 | +109.2% |
| Other amounts payable | 47/48 | €81,136 | €120,938 | +€39,802 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,079 | €10,100 | +€21 | +0.2% |
| Other operating charges | 640/8 | €768 | €28 | -€740 | -96.3% |
| Non-recurring operating charges | 66A | €126 | €0 | -€126 | -100.0% |
| Gross operating margin | 9900 | €104,388 | €73,559 | -€30,829 | -29.5% |
| Operating profit (loss) | 9901 | €93,415 | €63,431 | -€29,984 | -32.1% |
| Financial charges | 65/66B | €5,048 | €5,338 | +€290 | +5.7% |
| Recurring financial charges | 65 | €5,048 | €5,338 | +€290 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €88,367 | €58,093 | -€30,275 | -34.3% |
| Income taxes | 67/77 | €22,023 | €16,320 | -€5,702 | -25.9% |
| Profit (loss) for the period | 9904 | €66,344 | €41,772 | -€24,572 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,344 | €41,772 | -€24,572 | -37.0% |
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 11 October 2026 via checked.be.