Advanced Fire Technologies: 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.
What changed
Advanced Fire Technologies
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€7.4m
2024 · €3.5m-€10.9m
Equity
€3.6m
2024 · €9.6m-€6.0m
Cash
€701,154
2024 · €1.4m-€665,781
Balance sheet total
€12.8m
2024 · €12.0m+€756,930
Largest movements
Assets
- Current investments +€1.9m
up €1.9m (+61.7%), from €3.0m to €4.9m
- Cash -€665,781
down €665,781 (-48.7%), from €1.4m to €701,154
mainly Net result for the year (-€7.4m) and Current investments (-€1.9m)
- Receivables within one year -€392,062
down €392,062 (-21.2%), from €1.8m to €1.5m
of which Other amounts receivable: -€1.2m
Equity and liabilities
- Provisions +€6.9m
new in 2025: €6.9m
- Reserves -€4.0m
down €4.0m (-88.6%), from €4.5m to €511,747
of which Distributable reserves: -€4.0m
- Profit (loss) carried forward -€3.4m
new in 2025: -€3.4m
- Contributions +€1.3m
up €1.3m (+26.2%), from €5.1m to €6.4m
- Debts after one year -€439,900
down €439,900 (-27.7%), from €1.6m to €1.1m
Income statement
- Provisions +€6.9m
new in 2025: €6.9m
- Services and other goods +€2.3m
up €2.3m (+340.3%), from €661,526 to €2.9m
- Turnover +€1.3m
new in 2025: €1.3m
- Financial charges -€1.1m
down €1.1m (-90.6%), from €1.2m to €110,038
of which Non-recurring financial charges: -€5.6m
- Other operating income -€561,553
down €561,553 (-48.5%), from €1.2m to €595,761
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.
Result 2024
€3.5m
Turnover
+€1.3m
Other operating income
-€561,553
Services and other goods
-€2.3m
Depreciation
+€10,956
Provisions
-€6.9m
Other operating charges
-€153,622
Other operating items
-€2.9m
Financial income
-€120,449
Financial charges
+€1.1m
Taxes
-€393,275
Result 2025
-€7.4m
Cash bridge derived
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.
From operations
+€301,772
Investment
-€1.9m
Financing
+€899,898
Cash 2024
€1.4m
From operations (derived)
+€301,772
Net result for the year
-€7.4m
Depreciation
+€15,932
Receivables within one year
+€392,062
Deferred charges and accrued income
+€36,745
Provisions
+€6.9m
Trade debts
+€125,570
Tax, wage and social debts
+€22,425
Other debts
+€212,648
Accrued charges and deferred income
-€14,224
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€15,166
Current investments
-€1.9m
Financing
+€899,898
Debts after one year
-€439,900
Contributions, distributions and other
+€1.3m
Cash 2025
€701,154
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,994,885 | €12,751,815 | +€756,930 | +6.3% |
| Fixed assets | 21/28 | €5,719,282 | €5,718,515 | -€766 | 0.0% |
| Intangible fixed assets | 21 | - | €7,564 | +€7,564 | |
| Tangible fixed assets | 22/27 | €864,858 | €853,785 | -€11,072 | -1.3% |
| Land and buildings | 22 | €863,347 | €849,367 | -€13,980 | -1.6% |
| Furniture and vehicles | 24 | €1,511 | €961 | -€549 | -36.4% |
| Other tangible fixed assets | 26 | - | €3,457 | +€3,457 | |
| Financial fixed assets | 28 | €4,854,424 | €4,857,166 | +€2,742 | +0.1% |
| Affiliated companies | 280/1 | €4,854,424 | €4,857,166 | +€2,742 | +0.1% |
| Participating interests | 280 | €4,854,424 | €4,857,166 | +€2,742 | +0.1% |
| Current assets | 29/58 | €6,275,603 | €7,033,300 | +€757,697 | +12.1% |
| Amounts receivable within one year | 40/41 | €1,845,803 | €1,453,741 | -€392,062 | -21.2% |
| Trade receivables | 40 | - | €828,741 | +€828,741 | |
| Other amounts receivable | 41 | €1,845,803 | €625,000 | -€1.2m | -66.1% |
| Current investments | 50/53 | €3,000,000 | €4,852,285 | +€1.9m | +61.7% |
| Other investments | 51/53 | €3,000,000 | €4,852,285 | +€1.9m | +61.7% |
| Cash at bank and in hand | 54/58 | €1,366,935 | €701,154 | -€665,781 | -48.7% |
| Deferred charges and accrued income | 490/1 | €62,865 | €26,119 | -€36,745 | -58.5% |
| Total equity and liabilities | 10/49 | €11,994,885 | €12,751,815 | +€756,930 | +6.3% |
| Equity | 10/15 | €9,590,981 | €3,575,909 | -€6.0m | -62.7% |
| Contributions | 10/11 | €5,109,000 | €6,448,798 | +€1.3m | +26.2% |
| Capital | 10 | €5,109,000 | €6,448,798 | +€1.3m | +26.2% |
| Issued capital | 100 | €5,109,000 | €6,448,798 | +€1.3m | +26.2% |
| Reserves | 13 | €4,481,981 | €511,747 | -€4.0m | -88.6% |
| Non-distributable reserves | 130/1 | €511,747 | €511,747 | = | 0.0% |
| Legal reserve | 130 | €510,900 | €510,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €847 | +€847 | |
| Other | 1319 | €847 | - | -€847 | |
| Distributable reserves | 133 | €3,970,234 | - | -€4.0m | |
| Profit (loss) carried forward | 14 | - | -€3,384,637 | -€3.4m | |
| Provisions and deferred taxes | 16 | - | €6,865,484 | +€6.9m | |
| Provisions for liabilities and charges | 160/5 | - | €6,865,484 | +€6.9m | |
| Other liabilities and charges | 164/5 | - | €6,865,484 | +€6.9m | |
| Amounts payable | 17/49 | €2,403,904 | €2,310,423 | -€93,481 | -3.9% |
| Amounts payable after more than one year | 17 | €1,585,490 | €1,145,590 | -€439,900 | -27.7% |
| Other amounts payable | 178/9 | €1,585,490 | €1,145,590 | -€439,900 | -27.7% |
| Amounts payable within one year | 42/48 | €803,531 | €1,164,174 | +€360,643 | +44.9% |
| Trade debts | 44 | €136,179 | €261,749 | +€125,570 | +92.2% |
| Suppliers | 440/4 | €136,179 | €261,749 | +€125,570 | +92.2% |
| Taxes, remuneration and social security | 45 | - | €22,425 | +€22,425 | |
| Taxes | 450/3 | - | €22,425 | +€22,425 | |
| Other amounts payable | 47/48 | €667,352 | €880,000 | +€212,648 | +31.9% |
| Accrued charges and deferred income | 492/3 | €14,882 | €659 | -€14,224 | -95.6% |
| Operating income | 70/76A | €4,157,313 | €1,876,736 | -€2.3m | -54.9% |
| Turnover | 70 | - | €1,280,976 | +€1.3m | |
| Other operating income | 74 | €1,157,313 | €595,761 | -€561,553 | -48.5% |
| Non-recurring operating income | 76A | €3,000,000 | - | -€3.0m | |
| Operating charges | 60/66A | €893,960 | €10,054,347 | +€9.2m | +1024.7% |
| Services and other goods | 61 | €661,526 | €2,912,537 | +€2.3m | +340.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,888 | €15,932 | -€10,956 | -40.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,865,484 | +€6.9m | |
| Other operating charges | 640/8 | €106,772 | €260,394 | +€153,622 | +143.9% |
| Non-recurring operating charges | 66A | €98,774 | - | -€98,774 | |
| Operating profit (loss) | 9901 | €3,263,353 | -€8,177,610 | -€11.4m | |
| Financial income | 75/76B | €1,073,848 | €953,399 | -€120,449 | -11.2% |
| Recurring financial income | 75 | €1,073,848 | €783,084 | -€290,764 | -27.1% |
| Income from financial fixed assets | 750 | €1,000,000 | €600,000 | -€400,000 | -40.0% |
| Income from current assets | 751 | - | €183,084 | +€183,084 | |
| Other financial income | 752/9 | €73,848 | - | -€73,848 | |
| Non-recurring financial income | 76B | - | €170,314 | +€170,314 | |
| Financial charges | 65/66B | €1,168,413 | €110,038 | -€1.1m | -90.6% |
| Recurring financial charges | 65 | -€4,396,225 | €110,038 | +€4.5m | |
| Debt charges | 650 | €21,816 | €712 | -€21,103 | -96.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€4,426,363 | -€570,841 | +€3.9m | +87.1% |
| Other financial charges | 652/9 | €8,322 | €680,167 | +€671,844 | +8072.7% |
| Non-recurring financial charges | 66B | €5,564,637 | - | -€5.6m | |
| Profit (loss) for the period before taxes | 9903 | €3,168,789 | -€7,334,250 | -€10.5m | |
| Income taxes | 67/77 | -€372,654 | €20,621 | +€393,275 | |
| Taxes | 670/3 | €75,000 | €20,621 | -€54,379 | -72.5% |
| Tax adjustments and reversals of tax provisions | 77 | €447,654 | - | -€447,654 | |
| Profit (loss) for the period | 9904 | €3,541,443 | -€7,354,870 | -€10.9m | |
| Transfer from tax-exempt reserves | 789 | €267,000 | - | -€267,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,808,443 | -€7,354,870 | -€11.2m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.