VS 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.
VS ENGINEERING
Largest movements
- Cash +€25,075
up €25,075 (+14.7%), from €170,226 to €195,301
mainly Net result for the year (+€84,705) and Receivables within one year (+€15,536)
- Receivables within one year -€15,536
down €15,536 (-52.7%), from €29,479 to €13,943
- Profit (loss) carried forward +€84,705
up €84,705 (+13005.1%), from €651 to €85,356
- Trade debts -€79,455
no longer reported in 2024 (was €79,455)
- Tax, wage and social debts +€4,897
up €4,897 (+100.4%), from €4,878 to €9,775
- Gross operating margin +€57,146
up €57,146 (+188.9%), from €30,253 to €87,399
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 | €208,977 | €218,051 | +€9,074 | +4.3% |
| Fixed assets | 21/28 | €8,605 | €7,573 | -€1,033 | -12.0% |
| Tangible fixed assets | 22/27 | €4,310 | €3,277 | -€1,033 | -24.0% |
| Land and buildings | 22 | €1,610 | €1,429 | -€181 | -11.2% |
| Furniture and vehicles | 24 | €2,700 | €1,849 | -€852 | -31.5% |
| Financial fixed assets | 28 | €4,295 | €4,295 | = | 0.0% |
| Current assets | 29/58 | €200,372 | €210,479 | +€10,107 | +5.0% |
| Amounts receivable within one year | 40/41 | €29,479 | €13,943 | -€15,536 | -52.7% |
| Trade receivables | 40 | €29,479 | €13,943 | -€15,536 | -52.7% |
| Cash at bank and in hand | 54/58 | €170,226 | €195,301 | +€25,075 | +14.7% |
| Deferred charges and accrued income | 490/1 | €667 | €1,235 | +€568 | +85.2% |
| Total equity and liabilities | 10/49 | €208,977 | €218,051 | +€9,074 | +4.3% |
| Equity | 10/15 | €10,511 | €95,216 | +€84,705 | +805.8% |
| Contributions | 10/11 | €8,000 | €9,860 | +€1,860 | +23.3% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €651 | €85,356 | +€84,705 | +13005.1% |
| Amounts payable | 17/49 | €198,466 | €122,835 | -€75,631 | -38.1% |
| Amounts payable within one year | 42/48 | €198,466 | €122,835 | -€75,631 | -38.1% |
| Trade debts | 44 | €79,455 | - | -€79,455 | |
| Suppliers | 440/4 | €79,455 | €0 | -€79,455 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,878 | €9,775 | +€4,897 | +100.4% |
| Taxes | 450/3 | €4,878 | €9,775 | +€4,897 | +100.4% |
| Other amounts payable | 47/48 | €114,133 | €113,060 | -€1,073 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €981 | €1,033 | +€52 | +5.3% |
| Other operating charges | 640/8 | €817 | €952 | +€135 | +16.5% |
| Gross operating margin | 9900 | €30,253 | €87,399 | +€57,146 | +188.9% |
| Operating profit (loss) | 9901 | €28,455 | €85,415 | +€56,960 | +200.2% |
| Financial income | 75/76B | €11 | €165 | +€154 | +1376.2% |
| Recurring financial income | 75 | €11 | €165 | +€154 | +1376.2% |
| Financial charges | 65/66B | €306 | €603 | +€297 | +97.0% |
| Recurring financial charges | 65 | €306 | €603 | +€297 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €28,161 | €84,978 | +€56,817 | +201.8% |
| Income taxes | 67/77 | €336 | €273 | -€63 | -18.8% |
| Profit (loss) for the period | 9904 | €27,825 | €84,705 | +€56,880 | +204.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,825 | €84,705 | +€56,880 | +204.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.