VVS 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.
VVS ENGINEERING
Largest movements
- Receivables after one year +€17,668
up €17,668 (+10.8%), from €164,351 to €182,019
- Receivables within one year +€15,272
up €15,272 (+63.6%), from €23,997 to €39,269
of which Trade receivables: +€23,201
- Stocks and contracts +€9,500
up €9,500 (+1900.0%), from €500 to €10,000
- Tangible fixed assets -€3,905
down €3,905 (-42.1%), from €9,265 to €5,360
of which Plant, machinery and equipment: -€3,905
- Cash -€2,594
down €2,594 (-100.0%), from €2,594 to €0
mainly Contributions, distributions and other (-€125,962) and Receivables after one year (-€17,668)
- Other debts +€113,457
up €113,457 (+344.2%), from €32,965 to €146,422
- Profit (loss) carried forward -€98,811
down €98,811 (-100.0%), from €98,811 to €0
- Reserves -€20,760
down €20,760 (-41.9%), from €49,533 to €28,773
- Contributions +€18,600
new in 2025: €18,600
- Accrued charges and deferred income +€14,643
new in 2025: €14,643
- Gross operating margin +€33,707
up €33,707 (+3166.1%), from €1,065 to €34,771
- Financial income +€11,063
new in 2025: €11,063
- Taxes +€6,994
new in 2025: €6,994
- Other operating charges +€6,353
up €6,353 (+1439.7%), from €441 to €6,794
- Financial charges +€821
up €821 (+54.8%), from €1,498 to €2,319
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 | €200,767 | €236,746 | +€35,979 | +17.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €9,325 | €5,420 | -€3,905 | -41.9% |
| Tangible fixed assets | 22/27 | €9,265 | €5,360 | -€3,905 | -42.1% |
| Plant, machinery and equipment | 23 | €9,265 | €5,360 | -€3,905 | -42.1% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €191,441 | €231,326 | +€39,884 | +20.8% |
| Amounts receivable after more than one year | 29 | €164,351 | €182,019 | +€17,668 | +10.8% |
| Other amounts receivable | 291 | €164,351 | €182,019 | +€17,668 | +10.8% |
| Stocks and contracts in progress | 3 | €500 | €10,000 | +€9,500 | +1900.0% |
| Stocks | 30/36 | €500 | €10,000 | +€9,500 | +1900.0% |
| Amounts receivable within one year | 40/41 | €23,997 | €39,269 | +€15,272 | +63.6% |
| Trade receivables | 40 | €14,295 | €37,496 | +€23,201 | +162.3% |
| Other amounts receivable | 41 | €9,702 | €1,773 | -€7,929 | -81.7% |
| Cash at bank and in hand | 54/58 | €2,594 | €0 | -€2,594 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €38 | +€38 | |
| Total equity and liabilities | 10/49 | €200,767 | €236,746 | +€35,979 | +17.9% |
| Equity | 10/15 | €148,344 | €47,373 | -€100,971 | -68.1% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €49,533 | €28,773 | -€20,760 | -41.9% |
| Distributable reserves | 133 | €49,533 | €28,773 | -€20,760 | -41.9% |
| Profit (loss) carried forward | 14 | €98,811 | €0 | -€98,811 | -100.0% |
| Amounts payable | 17/49 | €52,423 | €189,373 | +€136,950 | +261.2% |
| Amounts payable after more than one year | 17 | €1,201 | €0 | -€1,201 | -100.0% |
| Financial debts | 170/4 | €1,201 | €0 | -€1,201 | -100.0% |
| Amounts payable within one year | 42/48 | €51,222 | €174,730 | +€123,509 | +241.1% |
| Current portion of amounts payable after more than one year | 42 | €2,776 | €1,201 | -€1,575 | -56.7% |
| Financial debts | 43 | - | €591 | +€591 | |
| Credit institutions | 430/8 | - | €591 | +€591 | |
| Trade debts | 44 | €6,246 | €9,023 | +€2,777 | +44.5% |
| Suppliers | 440/4 | €6,246 | €9,023 | +€2,777 | +44.5% |
| Taxes, remuneration and social security | 45 | €9,235 | €17,494 | +€8,259 | +89.4% |
| Taxes | 450/3 | €9,235 | €17,494 | +€8,259 | +89.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €32,965 | €146,422 | +€113,457 | +344.2% |
| Accrued charges and deferred income | 492/3 | - | €14,643 | +€14,643 | |
| Remuneration, social security and pensions | 62 | €1,559 | €831 | -€728 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €3,905 | -€242 | -5.8% |
| Other operating charges | 640/8 | €441 | €6,794 | +€6,353 | +1439.7% |
| Gross operating margin | 9900 | €1,065 | €34,771 | +€33,707 | +3166.1% |
| Operating profit (loss) | 9901 | -€5,082 | €23,241 | +€28,324 | |
| Financial income | 75/76B | - | €11,063 | +€11,063 | |
| Recurring financial income | 75 | - | €11,063 | +€11,063 | |
| Financial charges | 65/66B | €1,498 | €2,319 | +€821 | +54.8% |
| Recurring financial charges | 65 | €1,498 | €2,319 | +€821 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,580 | €31,985 | +€38,565 | |
| Income taxes | 67/77 | - | €6,994 | +€6,994 | |
| Profit (loss) for the period | 9904 | -€6,580 | €24,991 | +€31,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,580 | €24,991 | +€31,572 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.