Advanced Belgian 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.
Advanced Belgian Engineering
Largest movements
- Cash -€15,158
down €15,158 (-50.5%), from €29,997 to €14,839
mainly Net result for the year (-€27,438) and Receivables within one year (-€543)
- Tangible fixed assets -€2,333
down €2,333 (-43.0%), from €5,421 to €3,088
- Receivables within one year +€543
up €543 (+19.5%), from €2,783 to €3,326
- Profit (loss) carried forward -€27,438
down €27,438, from €228 to -€27,210
- Other debts +€7,939
up €7,939 (+39.2%), from €20,262 to €28,201
- Trade debts +€2,551
up €2,551 (+47.3%), from €5,396 to €7,947
- Turnover -€101,008
no longer reported in 2024 (was €101,008)
- Gross operating margin -€56,920
down €56,920, from €34,086 to -€22,834
- Purchases and services -€45,688
down €45,688 (-66.7%), from €68,522 to €22,834
- Taxes -€4,315
no longer reported in 2024 (was €4,315)
- Other operating charges -€1,725
down €1,725 (-43.5%), from €3,964 to €2,239
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 | €38,201 | €21,253 | -€16,948 | -44.4% |
| Fixed assets | 21/28 | €5,421 | €3,088 | -€2,333 | -43.0% |
| Tangible fixed assets | 22/27 | €5,421 | €3,088 | -€2,333 | -43.0% |
| Furniture and vehicles | 24 | €5,421 | €3,088 | -€2,333 | -43.0% |
| Current assets | 29/58 | €32,780 | €18,165 | -€14,615 | -44.6% |
| Amounts receivable within one year | 40/41 | €2,783 | €3,326 | +€543 | +19.5% |
| Other amounts receivable | 41 | €2,783 | €3,326 | +€543 | +19.5% |
| Cash at bank and in hand | 54/58 | €29,997 | €14,839 | -€15,158 | -50.5% |
| Total equity and liabilities | 10/49 | €38,201 | €21,253 | -€16,948 | -44.4% |
| Equity | 10/15 | €8,228 | -€19,210 | -€27,438 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228 | -€27,210 | -€27,438 | |
| Amounts payable | 17/49 | €29,973 | €40,463 | +€10,490 | +35.0% |
| Amounts payable within one year | 42/48 | €29,973 | €40,463 | +€10,490 | +35.0% |
| Trade debts | 44 | €5,396 | €7,947 | +€2,551 | +47.3% |
| Suppliers | 440/4 | €5,396 | €7,947 | +€2,551 | +47.3% |
| Taxes, remuneration and social security | 45 | €4,315 | €4,315 | = | 0.0% |
| Taxes | 450/3 | €4,315 | €4,315 | = | 0.0% |
| Other amounts payable | 47/48 | €20,262 | €28,201 | +€7,939 | +39.2% |
| Turnover | 70 | €101,008 | - | -€101,008 | |
| Goods, raw materials, services and sundry goods | 60/61 | €68,522 | €22,834 | -€45,688 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,579 | €2,333 | +€754 | +47.8% |
| Other operating charges | 640/8 | €3,964 | €2,239 | -€1,725 | -43.5% |
| Gross operating margin | 9900 | €34,086 | -€22,834 | -€56,920 | |
| Operating profit (loss) | 9901 | €28,543 | -€27,406 | -€55,949 | |
| Financial charges | 65/66B | - | €32 | +€32 | |
| Recurring financial charges | 65 | - | €32 | +€32 | |
| Profit (loss) for the period before taxes | 9903 | €28,543 | -€27,438 | -€55,981 | |
| Income taxes | 67/77 | €4,315 | - | -€4,315 | |
| Profit (loss) for the period | 9904 | €24,228 | -€27,438 | -€51,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,228 | -€27,438 | -€51,666 |
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 5 October 2026 via checked.be.