Advanced Functional 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 Functional Technologies
Largest movements
- Receivables within one year +€26,021
up €26,021 (+27.5%), from €94,472 to €120,493
of which Other amounts receivable: +€62,010
- Cash -€12,559
down €12,559 (-40.7%), from €30,869 to €18,310
mainly Receivables within one year (-€26,021) and Contributions, distributions and other (-€25,000)
- Current investments -€5,200
down €5,200 (-49.5%), from €10,500 to €5,300
- Profit (loss) carried forward +€21,797
up €21,797 (+26.2%), from €83,079 to €104,876
- Current portion of long-term debt -€10,171
no longer reported in 2024 (was €10,171)
- Tax, wage and social debts +€8,502
up €8,502 (+35.6%), from €23,867 to €32,369
of which Taxes: +€8,502
- Trade debts -€8,302
down €8,302 (-10.9%), from €76,042 to €67,740
- Debts after one year -€4,166
down €4,166 (-100.0%), from €4,166 to €0
- Depreciation -€29,527
down €29,527 (-100.0%), from €29,527 to €0
- Taxes +€18,665
up €18,665 (+200.3%), from €9,318 to €27,983
- Other operating charges +€14,434
up €14,434 (+735.7%), from €1,962 to €16,396
- Gross operating margin +€10,439
up €10,439 (+12.4%), from €84,397 to €94,836
- Financial income +€1,792
new in 2024: €1,792
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 | €264,556 | €272,516 | +€7,960 | +3.0% |
| Fixed assets | 21/28 | €49,134 | €49,134 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,079 | €49,079 | = | 0.0% |
| Furniture and vehicles | 24 | €49,079 | €49,079 | = | 0.0% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €215,422 | €223,382 | +€7,960 | +3.7% |
| Amounts receivable after more than one year | 29 | €79,279 | €79,279 | = | 0.0% |
| Other amounts receivable | 291 | €79,279 | €79,279 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,472 | €120,493 | +€26,021 | +27.5% |
| Trade receivables | 40 | €77,853 | €41,864 | -€35,989 | -46.2% |
| Other amounts receivable | 41 | €16,619 | €78,629 | +€62,010 | +373.1% |
| Current investments | 50/53 | €10,500 | €5,300 | -€5,200 | -49.5% |
| Cash at bank and in hand | 54/58 | €30,869 | €18,310 | -€12,559 | -40.7% |
| Deferred charges and accrued income | 490/1 | €302 | €0 | -€302 | -100.0% |
| Total equity and liabilities | 10/49 | €264,556 | €272,516 | +€7,960 | +3.0% |
| Equity | 10/15 | €91,144 | €112,941 | +€21,797 | +23.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,079 | €104,876 | +€21,797 | +26.2% |
| Amounts payable | 17/49 | €173,412 | €159,575 | -€13,837 | -8.0% |
| Amounts payable after more than one year | 17 | €4,166 | €0 | -€4,166 | -100.0% |
| Financial debts | 170/4 | €4,166 | €0 | -€4,166 | -100.0% |
| Amounts payable within one year | 42/48 | €119,246 | €109,275 | -€9,971 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €10,171 | - | -€10,171 | |
| Trade debts | 44 | €76,042 | €67,740 | -€8,302 | -10.9% |
| Suppliers | 440/4 | €76,042 | €67,740 | -€8,302 | -10.9% |
| Advances received on contracts in progress | 46 | €9,166 | €9,166 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €23,867 | €32,369 | +€8,502 | +35.6% |
| Taxes | 450/3 | €23,069 | €31,571 | +€8,502 | +36.9% |
| Remuneration and social security | 454/9 | €798 | €798 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €50,000 | €50,300 | +€300 | +0.6% |
| Remuneration, social security and pensions | 62 | €686 | €1,100 | +€414 | +60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,527 | €0 | -€29,527 | -100.0% |
| Other operating charges | 640/8 | €1,962 | €16,396 | +€14,434 | +735.7% |
| Non-recurring operating charges | 66A | €1,326 | €4,342 | +€3,016 | +227.5% |
| Gross operating margin | 9900 | €84,397 | €94,836 | +€10,439 | +12.4% |
| Operating profit (loss) | 9901 | €50,896 | €72,998 | +€22,102 | +43.4% |
| Financial income | 75/76B | - | €1,792 | +€1,792 | |
| Recurring financial income | 75 | - | €1,792 | +€1,792 | |
| Financial charges | 65/66B | €596 | €10 | -€586 | -98.3% |
| Recurring financial charges | 65 | €596 | €10 | -€586 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €50,300 | €74,780 | +€24,480 | +48.7% |
| Income taxes | 67/77 | €9,318 | €27,983 | +€18,665 | +200.3% |
| Profit (loss) for the period | 9904 | €40,982 | €46,797 | +€5,815 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,982 | €46,797 | +€5,815 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.