CVE 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.
CVE ENGINEERING
Largest movements
- Cash +€27,438
up €27,438 (+171%), from €16,021 to €43,459
mainly Net result for the year (+€39,474) and Trade debts (+€6,375)
- Receivables within one year +€13,317
up €13,317 (+59.2%), from €22,511 to €35,828
of which Other amounts receivable: +€15,292
- Tangible fixed assets +€1,525
up €1,525 (+159%), from €960 to €2,485
- Profit (loss) carried forward +€39,474
up €39,474 (+161%), from €24,502 to €63,975
- Trade debts +€6,375
up €6,375 (+3,332%), from €191 to €6,566
- Other debts -€5,532
no longer reported in 2025 (was €5,532)
- Tax, wage and social debts +€1,126
up €1,126 (+10.3%), from €10,985 to €12,111
of which Taxes: +€3,670
- Gross operating margin +€23,041
up €23,041 (+73.8%), from €31,212 to €54,253
- Taxes +€4,559
up €4,559 (+72.1%), from €6,320 to €10,879
- Other operating charges +€1,049
up €1,049 (+271%), from €387 to €1,435
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.
Derived cash bridge
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 | €42,710 | €84,152 | +€41,443 | +97.0% |
| Fixed assets | 21/28 | €960 | €2,485 | +€1,525 | +159% |
| Tangible fixed assets | 22/27 | €960 | €2,485 | +€1,525 | +159% |
| Furniture and vehicles | 24 | €960 | €2,485 | +€1,525 | +159% |
| Current assets | 29/58 | €41,750 | €81,667 | +€39,917 | +95.6% |
| Amounts receivable within one year | 40/41 | €22,511 | €35,828 | +€13,317 | +59.2% |
| Trade receivables | 40 | €22,001 | €20,027 | -€1,975 | -9.0% |
| Other amounts receivable | 41 | €510 | €15,801 | +€15,292 | +3,000% |
| Cash at bank and in hand | 54/58 | €16,021 | €43,459 | +€27,438 | +171% |
| Deferred charges and accrued income | 490/1 | €3,218 | €2,380 | -€838 | -26.0% |
| Total equity and liabilities | 10/49 | €42,710 | €84,152 | +€41,443 | +97.0% |
| Equity | 10/15 | €26,002 | €65,475 | +€39,474 | +152% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,502 | €63,975 | +€39,474 | +161% |
| Amounts payable | 17/49 | €16,708 | €18,677 | +€1,969 | +11.8% |
| Amounts payable within one year | 42/48 | €16,708 | €18,677 | +€1,969 | +11.8% |
| Trade debts | 44 | €191 | €6,566 | +€6,375 | +3,332% |
| Suppliers | 440/4 | €191 | €6,566 | +€6,375 | +3,332% |
| Taxes, remuneration and social security | 45 | €10,985 | €12,111 | +€1,126 | +10.3% |
| Taxes | 450/3 | €8,441 | €12,111 | +€3,670 | +43.5% |
| Remuneration and social security | 454/9 | €2,543 | - | -€2,543 | |
| Other amounts payable | 47/48 | €5,532 | - | -€5,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €861 | +€466 | +118% |
| Other operating charges | 640/8 | €387 | €1,435 | +€1,049 | +271% |
| Gross operating margin | 9900 | €31,212 | €54,253 | +€23,041 | +73.8% |
| Operating profit (loss) | 9901 | €30,430 | €51,957 | +€21,527 | +70.7% |
| Financial charges | 65/66B | €2,089 | €1,604 | -€486 | -23.2% |
| Recurring financial charges | 65 | €2,089 | €1,604 | -€486 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €28,340 | €50,353 | +€22,013 | +77.7% |
| Income taxes | 67/77 | €6,320 | €10,879 | +€4,559 | +72.1% |
| Profit (loss) for the period | 9904 | €22,020 | €39,474 | +€17,454 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,020 | €39,474 | +€17,454 | +79.3% |
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 13 October 2026 via checked.be.