Advanced Composite Manufacturing Technologies: 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.
Advanced Composite Manufacturing Technologies
Largest movements
- Cash -€59,619
down €59,619 (-81.1%), from €73,520 to €13,901
mainly Net result for the year (-€30,536) and Stocks and contracts (-€23,917)
- Stocks and contracts +€23,917
new in 2025: €23,917
- Receivables within one year +€14,137
up €14,137 (+44.4%), from €31,827 to €45,964
of which Trade receivables: +€13,586
- Tangible fixed assets -€9,663
down €9,663 (-25.5%), from €37,829 to €28,166
of which Furniture and vehicles: -€9,663
- Profit (loss) carried forward -€30,536
down €30,536 (-64.9%), from -€47,060 to -€77,596
- Tax, wage and social debts +€6,272
up €6,272 (+32.7%), from €19,169 to €25,442
of which Taxes: +€4,520
- Current portion of long-term debt -€5,088
down €5,088 (-83.2%), from €6,117 to €1,029
- Gross operating margin -€14,981
down €14,981 (-17.7%), from €84,627 to €69,646
- Staff costs +€1,114
up €1,114 (+1.3%), from €85,993 to €87,108
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 | €145,707 | €114,481 | -€31,225 | -21.4% |
| Fixed assets | 21/28 | €37,829 | €28,166 | -€9,663 | -25.5% |
| Tangible fixed assets | 22/27 | €37,829 | €28,166 | -€9,663 | -25.5% |
| Furniture and vehicles | 24 | €24,279 | €14,616 | -€9,663 | -39.8% |
| Other tangible fixed assets | 26 | €13,550 | €13,550 | = | 0.0% |
| Current assets | 29/58 | €107,878 | €86,315 | -€21,563 | -20.0% |
| Stocks and contracts in progress | 3 | - | €23,917 | +€23,917 | |
| Stocks | 30/36 | - | €23,917 | +€23,917 | |
| Amounts receivable within one year | 40/41 | €31,827 | €45,964 | +€14,137 | +44.4% |
| Trade receivables | 40 | €31,804 | €45,390 | +€13,586 | +42.7% |
| Other amounts receivable | 41 | €23 | €574 | +€551 | +2,396% |
| Cash at bank and in hand | 54/58 | €73,520 | €13,901 | -€59,619 | -81.1% |
| Deferred charges and accrued income | 490/1 | €2,531 | €2,533 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €145,707 | €114,481 | -€31,225 | -21.4% |
| Equity | 10/15 | €108,090 | €77,554 | -€30,536 | -28.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €136,558 | €136,558 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,134 | €15,134 | = | 0.0% |
| Distributable reserves | 133 | €121,424 | €121,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,060 | -€77,596 | -€30,536 | -64.9% |
| Amounts payable | 17/49 | €37,616 | €36,927 | -€689 | -1.8% |
| Amounts payable after more than one year | 17 | €1,029 | - | -€1,029 | |
| Financial debts | 170/4 | €1,029 | - | -€1,029 | |
| Amounts payable within one year | 42/48 | €34,588 | €34,927 | +€339 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €6,117 | €1,029 | -€5,088 | -83.2% |
| Trade debts | 44 | €9,301 | €8,457 | -€845 | -9.1% |
| Suppliers | 440/4 | €9,301 | €8,457 | -€845 | -9.1% |
| Taxes, remuneration and social security | 45 | €19,169 | €25,442 | +€6,272 | +32.7% |
| Taxes | 450/3 | €3,050 | €7,570 | +€4,520 | +148% |
| Remuneration and social security | 454/9 | €16,119 | €17,872 | +€1,752 | +10.9% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €85,993 | €87,108 | +€1,114 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €9,663 | +€544 | +6.0% |
| Other operating charges | 640/8 | €1,898 | €2,403 | +€505 | +26.6% |
| Gross operating margin | 9900 | €84,627 | €69,646 | -€14,981 | -17.7% |
| Operating profit (loss) | 9901 | -€12,382 | -€29,527 | -€17,144 | -138% |
| Financial income | 75/76B | €383 | €112 | -€271 | -70.8% |
| Recurring financial income | 75 | €383 | €112 | -€271 | -70.8% |
| Financial charges | 65/66B | €416 | €346 | -€70 | -16.9% |
| Recurring financial charges | 65 | €416 | €346 | -€70 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,416 | -€29,761 | -€17,345 | -140% |
| Income taxes | 67/77 | €115 | €775 | +€661 | +576% |
| Profit (loss) for the period | 9904 | -€12,530 | -€30,536 | -€18,006 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,530 | -€30,536 | -€18,006 | -144% |
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 23 October 2026 via checked.be.