ADVANCED FUTURE ENERGY SYSTEMS: what changed
ADVANCED FUTURE ENERGY SYSTEMS
Largest movements
- Receivables within one year +€173,172
up €173,172 (+87.1%), from €198,836 to €372,008
of which Trade receivables: +€184,142
- Cash +€37,132
new in 2025: €37,132
mainly Trade debts (+€191,661) and Net result for the year (+€8,345)
- Tangible fixed assets -€4,755
down €4,755 (-96.2%), from €4,942 to €187
of which Other tangible fixed assets: -€4,000
- Trade debts +€191,661
up €191,661 (+164%), from €116,683 to €308,344
- Reserves +€8,345
up €8,345 (+13.4%), from €62,450 to €70,795
of which Distributable reserves: +€8,345
- Tax, wage and social debts +€6,673
up €6,673 (+201%), from €3,320 to €9,993
- Gross operating margin +€1,164
up €1,164 (+7.0%), from €16,528 to €17,692
- Taxes +€1,074
up €1,074 (+40.2%), from €2,671 to €3,745
- Financial charges -€762
down €762 (-94.3%), from €808 to €46
- Other operating charges -€532
down €532 (-39.9%), from €1,333 to €801
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,805 | €412,930 | +€203,125 | +96.8% |
| Fixed assets | 21/28 | €4,942 | €187 | -€4,755 | -96.2% |
| Tangible fixed assets | 22/27 | €4,942 | €187 | -€4,755 | -96.2% |
| Furniture and vehicles | 24 | €942 | €187 | -€755 | -80.1% |
| Other tangible fixed assets | 26 | €4,000 | - | -€4,000 | |
| Current assets | 29/58 | €204,863 | €412,743 | +€207,880 | +101% |
| Stocks and contracts in progress | 3 | €4,860 | €2,313 | -€2,547 | -52.4% |
| Stocks | 30/36 | €4,860 | €2,313 | -€2,547 | -52.4% |
| Amounts receivable within one year | 40/41 | €198,836 | €372,008 | +€173,172 | +87.1% |
| Trade receivables | 40 | €187,866 | €372,008 | +€184,142 | +98.0% |
| Other amounts receivable | 41 | €10,970 | - | -€10,970 | |
| Cash at bank and in hand | 54/58 | - | €37,132 | +€37,132 | |
| Deferred charges and accrued income | 490/1 | €1,167 | €1,290 | +€123 | +10.5% |
| Total equity and liabilities | 10/49 | €209,805 | €412,930 | +€203,125 | +96.8% |
| Equity | 10/15 | €74,850 | €83,195 | +€8,345 | +11.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,450 | €70,795 | +€8,345 | +13.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,590 | €68,935 | +€8,345 | +13.8% |
| Amounts payable | 17/49 | €134,955 | €329,735 | +€194,780 | +144% |
| Amounts payable within one year | 42/48 | €134,955 | €329,735 | +€194,780 | +144% |
| Financial debts | 43 | €1,377 | - | -€1,377 | |
| Credit institutions | 430/8 | €1,377 | - | -€1,377 | |
| Trade debts | 44 | €116,683 | €308,344 | +€191,661 | +164% |
| Suppliers | 440/4 | €116,683 | €308,344 | +€191,661 | +164% |
| Taxes, remuneration and social security | 45 | €3,320 | €9,993 | +€6,673 | +201% |
| Taxes | 450/3 | €3,320 | €9,993 | +€6,673 | +201% |
| Other amounts payable | 47/48 | €13,575 | €11,398 | -€2,177 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,754 | €4,755 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,333 | €801 | -€532 | -39.9% |
| Gross operating margin | 9900 | €16,528 | €17,692 | +€1,164 | +7.0% |
| Operating profit (loss) | 9901 | €10,441 | €12,136 | +€1,695 | +16.2% |
| Financial charges | 65/66B | €808 | €46 | -€762 | -94.3% |
| Recurring financial charges | 65 | €808 | €46 | -€762 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €9,633 | €12,090 | +€2,457 | +25.5% |
| Income taxes | 67/77 | €2,671 | €3,745 | +€1,074 | +40.2% |
| Profit (loss) for the period | 9904 | €6,962 | €8,345 | +€1,383 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,962 | €8,345 | +€1,383 | +19.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.