Advanced Engineering Center: what changed
What changed
Advanced Engineering Center
NACE 74.999, Other professional, scientific and technical activities
filed annual accounts (NBB)
Net result for the year
€136,389
2024 · €538,112-€401,723
Equity
€5.5m
2024 · €6.9m-€1.4m
Cash
€1.4m
2024 · €218,235+€1.1m
Balance sheet total
€11.8m
2024 · €12.2m-€426,511
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-17.7%), from €7.2m to €6.0m
of which Other amounts receivable: -€1.4m
- Cash +€1.1m
up €1.1m (+523%), from €218,235 to €1.4m
mainly Receivables within one year (+€1.3m) and Trade debts (+€919,649)
- Tangible fixed assets -€235,803
down €235,803 (-5.0%), from €4.7m to €4.4m
of which Assets under construction and advance payments: -€607,656
Equity and liabilities
- Investment grants -€1.5m
down €1.5m (-25.4%), from €6.1m to €4.5m
- Trade debts +€919,649
up €919,649 (+118%), from €781,571 to €1.7m
- Accrued charges and deferred income +€311,976
new in 2025: €311,976
- Profit (loss) carried forward +€136,389
up €136,389 (+121%), from €112,384 to €248,773
- Tax, wage and social debts -€127,690
down €127,690 (-49.4%), from €258,650 to €130,960
of which Taxes: -€119,547
Income statement
- Gross operating margin -€728,734
down €728,734 (-46.9%), from €1.6m to €824,678
- Financial income +€285,904
up €285,904 (+61.5%), from €465,202 to €751,106
of which Financial income: +€229,975
- Depreciation +€174,309
up €174,309 (+31.8%), from €548,093 to €722,402
- Staff costs -€160,021
down €160,021 (-22.8%), from €702,418 to €542,397
- Write-downs +€64,893
new in 2025: €64,893
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€538,112
Gross operating margin
-€728,734
Staff costs
+€160,021
Depreciation
-€174,309
Write-downs
-€64,893
Other operating charges
-€140
Other operating items
+€73,554
Financial income
+€285,904
Financial charges
+€45,295
Taxes
+€1,580
Result 2025
€136,389
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.2m
Investment
-€441,547
Financing
-€1.7m
Cash 2024
€218,235
From operations (derived)
+€3.2m
Net result for the year
+€136,389
Depreciation
+€722,402
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€5,056
Trade debts
+€919,649
Tax, wage and social debts
-€127,690
Other debts
-€361
Accrued charges and deferred income
+€311,976
Investment (derived)
-€441,547
Investment in fixed assets (net)
-€441,547
Financing
-€1.7m
Debts after one year
-€121,451
Current portion of long-term debt
+€0
Contributions, distributions and other
-€1.5m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,209,695 | €11,783,184 | -€426,511 | -3.5% |
| Fixed assets | 21/28 | €4,721,819 | €4,440,963 | -€280,856 | -5.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €4,676,354 | €4,440,551 | -€235,803 | -5.0% |
| Furniture and vehicles | 24 | €281,680 | €203,873 | -€77,807 | -27.6% |
| Other tangible fixed assets | 26 | €3,787,018 | €4,236,677 | +€449,659 | +11.9% |
| Assets under construction and advance payments | 27 | €607,656 | €0 | -€607,656 | -100% |
| Financial fixed assets | 28 | €45,465 | €413 | -€45,052 | -99.1% |
| Current assets | 29/58 | €7,487,876 | €7,342,221 | -€145,655 | -1.9% |
| Amounts receivable within one year | 40/41 | €7,236,471 | €5,954,928 | -€1.3m | -17.7% |
| Trade receivables | 40 | €227,899 | €356,229 | +€128,330 | +56.3% |
| Other amounts receivable | 41 | €7,008,572 | €5,598,699 | -€1.4m | -20.1% |
| Cash at bank and in hand | 54/58 | €218,235 | €1,359,180 | +€1.1m | +523% |
| Deferred charges and accrued income | 490/1 | €33,170 | €28,114 | -€5,056 | -15.2% |
| Total equity and liabilities | 10/49 | €12,209,695 | €11,783,184 | -€426,511 | -3.5% |
| Equity | 10/15 | €6,939,673 | €5,531,038 | -€1.4m | -20.3% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,384 | €248,773 | +€136,389 | +121% |
| Investment grants | 15 | €6,077,289 | €4,532,265 | -€1.5m | -25.4% |
| Amounts payable | 17/49 | €5,270,022 | €6,252,146 | +€982,124 | +18.6% |
| Amounts payable after more than one year | 17 | €728,708 | €607,257 | -€121,451 | -16.7% |
| Financial debts | 170/4 | €728,708 | €607,257 | -€121,451 | -16.7% |
| Amounts payable within one year | 42/48 | €4,541,314 | €5,332,914 | +€791,600 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €121,451 | €121,451 | +€0 | 0.0% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other loans | 439 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €781,571 | €1,701,220 | +€919,649 | +118% |
| Suppliers | 440/4 | €781,571 | €1,701,220 | +€919,649 | +118% |
| Taxes, remuneration and social security | 45 | €258,650 | €130,960 | -€127,690 | -49.4% |
| Taxes | 450/3 | €160,779 | €41,232 | -€119,547 | -74.4% |
| Remuneration and social security | 454/9 | €97,871 | €89,729 | -€8,142 | -8.3% |
| Other amounts payable | 47/48 | €2,379,642 | €2,379,281 | -€361 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €311,976 | +€311,976 | |
| Non-recurring operating income | 76A | €758,763 | €2,653 | -€756,110 | -99.7% |
| Remuneration, social security and pensions | 62 | €702,418 | €542,397 | -€160,021 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548,093 | €722,402 | +€174,309 | +31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €64,893 | +€64,893 | |
| Other operating charges | 640/8 | €1,262 | €1,402 | +€140 | +11.1% |
| Non-recurring operating charges | 66A | €118,848 | €45,294 | -€73,554 | -61.9% |
| Gross operating margin | 9900 | €1,553,412 | €824,678 | -€728,734 | -46.9% |
| Operating profit (loss) | 9901 | €182,791 | -€551,711 | -€734,502 | |
| Financial income | 75/76B | €465,202 | €751,106 | +€285,904 | +61.5% |
| Recurring financial income | 75 | €465,202 | €695,177 | +€229,975 | +49.4% |
| Non-recurring financial income | 76B | - | €55,930 | +€55,930 | |
| Financial charges | 65/66B | €107,686 | €62,391 | -€45,295 | -42.1% |
| Recurring financial charges | 65 | €51,756 | €62,391 | +€10,635 | +20.5% |
| Non-recurring financial charges | 66B | €55,930 | - | -€55,930 | |
| Profit (loss) for the period before taxes | 9903 | €540,307 | €137,004 | -€403,303 | -74.6% |
| Income taxes | 67/77 | €2,195 | €615 | -€1,580 | -72.0% |
| Profit (loss) for the period | 9904 | €538,112 | €136,389 | -€401,723 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €538,112 | €136,389 | -€401,723 | -74.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.