Advanced Energy Technologies 2: 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 Energy Technologies 2
Largest movements
- Cash -€124,018
down €124,018 (-46.8%), from €265,172 to €141,155
mainly Contributions, distributions and other (-€210,000) and Other debts (-€1,941)
- Tangible fixed assets -€12,097
down €12,097 (-25.9%), from €46,781 to €34,684
- Intangible fixed assets -€11,042
down €11,042 (-52.0%), from €21,223 to €10,181
- Receivables within one year -€10,340
down €10,340 (-98.8%), from €10,470 to €131
of which Trade receivables: -€9,075
- Profit (loss) carried forward -€210,000
down €210,000 (-96.4%), from €217,732 to €7,732
- Reserves +€52,645
up €52,645 (+49.7%), from €105,853 to €158,498
- Gross operating margin -€6,563
down €6,563 (-6.0%), from €108,588 to €102,025
- Taxes -€1,705
down €1,705 (-6.3%), from €26,912 to €25,207
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 | €346,047 | €186,198 | -€159,850 | -46.2% |
| Fixed assets | 21/28 | €68,004 | €44,865 | -€23,139 | -34.0% |
| Intangible fixed assets | 21 | €21,223 | €10,181 | -€11,042 | -52.0% |
| Tangible fixed assets | 22/27 | €46,781 | €34,684 | -€12,097 | -25.9% |
| Furniture and vehicles | 24 | €46,781 | €34,684 | -€12,097 | -25.9% |
| Current assets | 29/58 | €278,043 | €141,332 | -€136,711 | -49.2% |
| Amounts receivable within one year | 40/41 | €10,470 | €131 | -€10,340 | -98.8% |
| Trade receivables | 40 | €9,075 | - | -€9,075 | |
| Other amounts receivable | 41 | €1,395 | €131 | -€1,265 | -90.6% |
| Cash at bank and in hand | 54/58 | €265,172 | €141,155 | -€124,018 | -46.8% |
| Deferred charges and accrued income | 490/1 | €2,400 | €47 | -€2,354 | -98.1% |
| Total equity and liabilities | 10/49 | €346,047 | €186,198 | -€159,850 | -46.2% |
| Equity | 10/15 | €324,785 | €167,430 | -€157,355 | -48.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Contributions outside capital | 11 | €1,200 | €1,200 | = | 0.0% |
| Other | 1109/19 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €105,853 | €158,498 | +€52,645 | +49.7% |
| Distributable reserves | 133 | €105,853 | €158,498 | +€52,645 | +49.7% |
| Profit (loss) carried forward | 14 | €217,732 | €7,732 | -€210,000 | -96.4% |
| Amounts payable | 17/49 | €21,262 | €18,767 | -€2,495 | -11.7% |
| Amounts payable within one year | 42/48 | €21,262 | €18,767 | -€2,495 | -11.7% |
| Trade debts | 44 | €332 | €494 | +€162 | +48.8% |
| Suppliers | 440/4 | €332 | €494 | +€162 | +48.8% |
| Taxes, remuneration and social security | 45 | €13,121 | €12,406 | -€716 | -5.5% |
| Taxes | 450/3 | €13,121 | €12,406 | -€716 | -5.5% |
| Other amounts payable | 47/48 | €7,808 | €5,867 | -€1,941 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,843 | €23,139 | -€704 | -3.0% |
| Other operating charges | 640/8 | €404 | €410 | +€5 | +1.3% |
| Gross operating margin | 9900 | €108,588 | €102,025 | -€6,563 | -6.0% |
| Operating profit (loss) | 9901 | €84,341 | €78,477 | -€5,864 | -7.0% |
| Financial income | 75/76B | €116 | €0 | -€116 | -100.0% |
| Recurring financial income | 75 | €116 | €0 | -€116 | -100.0% |
| Financial charges | 65/66B | €1,098 | €625 | -€473 | -43.1% |
| Recurring financial charges | 65 | €1,098 | €625 | -€473 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €83,359 | €77,852 | -€5,507 | -6.6% |
| Income taxes | 67/77 | €26,912 | €25,207 | -€1,705 | -6.3% |
| Profit (loss) for the period | 9904 | €56,447 | €52,645 | -€3,802 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,447 | €52,645 | -€3,802 | -6.7% |
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 27 October 2026 via checked.be.