BELGIAN ADVANCED TECHNOLOGY SYSTEMS: 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.
What changed
BELGIAN ADVANCED TECHNOLOGY SYSTEMS
NACE 26.110, Manufacture of computer, electronic and optical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,449
2024 · €37,256-€2,808
Equity
€1.2m
2024 · €1.2m+€34,449
Cash
€9.1m
2024 · €9.4m-€277,797
Balance sheet total
€21.1m
2024 · €32.0m-€10.8m
Largest movements
Assets
- Receivables within one year -€11.2m
down €11.2m (-57.7%), from €19.4m to €8.2m
of which Trade receivables: -€11.2m
- Stocks and contracts +€390,204
up €390,204 (+15.2%), from €2.6m to €3.0m
of which Contracts in progress: +€583,333
Equity and liabilities
- Trade debts -€7.7m
down €7.7m (-31.8%), from €24.3m to €16.6m
- Advances received -€3.3m
down €3.3m (-66.8%), from €5.0m to €1.7m
Income statement
- Turnover -€9.8m
down €9.8m (-52.9%), from €18.5m to €8.7m
- Goods and materials -€6.0m
down €6.0m (-47.6%), from €12.6m to €6.6m
- Other operating income +€1.7m
up €1.7m (+114%), from €1.5m to €3.2m
- Financial income -€696,213
down €696,213 (-57.1%), from €1.2m to €522,918
of which Financial income: -€696,213
- Other operating charges -€564,080
down €564,080 (-31.4%), from €1.8m to €1.2m
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
€37,256
Turnover
-€9.8m
Other operating income
+€1.7m
Goods and materials
+€6.0m
Services and other goods
+€550,231
Staff costs
-€356,932
Depreciation
-€22,092
Other operating charges
+€564,080
Other operating items
+€2.5m
Financial income
-€696,213
Financial charges
-€477,730
Taxes
+€5,674
Result 2025
€34,449
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€108,901
Investment
-€168,896
Financing
€0
Cash 2024
€9.4m
From operations (derived)
-€108,901
Net result for the year
+€34,449
Depreciation
+€106,285
Stocks and contracts
-€390,204
Receivables within one year
+€11.2m
Deferred charges and accrued income
-€195,598
Trade debts
-€7.7m
Tax, wage and social debts
+€99,690
Advances received
-€3.3m
Other debts
+€246,578
Accrued charges and deferred income
-€132,139
Investment (derived)
-€168,896
Investment in fixed assets (net)
-€168,896
Cash 2025
€9.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,951,161 | €21,140,667 | -€10.8m | -33.8% |
| Fixed assets | 21/28 | €459,622 | €522,233 | +€62,611 | +13.6% |
| Tangible fixed assets | 22/27 | €414,373 | €368,700 | -€45,673 | -11.0% |
| Land and buildings | 22 | €314,939 | €301,460 | -€13,479 | -4.3% |
| Plant, machinery and equipment | 23 | €76,061 | €42,195 | -€33,866 | -44.5% |
| Furniture and vehicles | 24 | €23,373 | €25,045 | +€1,672 | +7.2% |
| Financial fixed assets | 28 | €45,249 | €153,532 | +€108,283 | +239% |
| Affiliated companies | 280/1 | €10,000 | €10,000 | = | 0.0% |
| Participating interests | 280 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €35,249 | €143,532 | +€108,283 | +307% |
| Amounts receivable and cash guarantees | 285/8 | €35,249 | €143,532 | +€108,283 | +307% |
| Current assets | 29/58 | €31,491,539 | €20,618,434 | -€10.9m | -34.5% |
| Stocks and contracts in progress | 3 | €2,567,525 | €2,957,729 | +€390,204 | +15.2% |
| Stocks | 30/36 | €724,865 | €531,736 | -€193,129 | -26.6% |
| Advance payments | 36 | €724,865 | €531,736 | -€193,129 | -26.6% |
| Contracts in progress | 37 | €1,842,660 | €2,425,993 | +€583,333 | +31.7% |
| Amounts receivable within one year | 40/41 | €19,385,426 | €8,204,317 | -€11.2m | -57.7% |
| Trade receivables | 40 | €19,236,525 | €8,083,052 | -€11.2m | -58.0% |
| Other amounts receivable | 41 | €148,901 | €121,265 | -€27,636 | -18.6% |
| Cash at bank and in hand | 54/58 | €9,397,693 | €9,119,896 | -€277,797 | -3.0% |
| Deferred charges and accrued income | 490/1 | €140,895 | €336,493 | +€195,598 | +139% |
| Total equity and liabilities | 10/49 | €31,951,161 | €21,140,667 | -€10.8m | -33.8% |
| Equity | 10/15 | €1,167,625 | €1,202,074 | +€34,449 | +3.0% |
| Contributions | 10/11 | €3,725,371 | €3,725,371 | = | 0.0% |
| Capital | 10 | €3,725,371 | €3,725,371 | = | 0.0% |
| Issued capital | 100 | €3,725,371 | €3,725,371 | = | 0.0% |
| Reserves | 13 | €1,793 | €1,793 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,793 | €1,793 | = | 0.0% |
| Legal reserve | 130 | €1,793 | €1,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,559,539 | -€2,525,090 | +€34,449 | +1.3% |
| Amounts payable | 17/49 | €30,783,536 | €19,938,593 | -€10.8m | -35.2% |
| Amounts payable within one year | 42/48 | €29,751,859 | €19,039,055 | -€10.7m | -36.0% |
| Trade debts | 44 | €24,323,352 | €16,591,242 | -€7.7m | -31.8% |
| Suppliers | 440/4 | €24,323,352 | €16,591,242 | -€7.7m | -31.8% |
| Advances received on contracts in progress | 46 | €4,977,892 | €1,650,929 | -€3.3m | -66.8% |
| Taxes, remuneration and social security | 45 | €150,616 | €250,306 | +€99,690 | +66.2% |
| Taxes | 450/3 | €34,834 | €37,169 | +€2,336 | +6.7% |
| Remuneration and social security | 454/9 | €115,782 | €213,137 | +€97,355 | +84.1% |
| Other amounts payable | 47/48 | €300,000 | €546,578 | +€246,578 | +82.2% |
| Accrued charges and deferred income | 492/3 | €1,031,677 | €899,538 | -€132,139 | -12.8% |
| Operating income | 70/76A | €24,299,116 | €11,992,667 | -€12.3m | -50.6% |
| Turnover | 70 | €18,549,074 | €8,743,967 | -€9.8m | -52.9% |
| Other operating income | 74 | €1,518,894 | €3,248,701 | +€1.7m | +114% |
| Non-recurring operating income | 76A | €4,231,148 | - | -€4.2m | |
| Operating charges | 60/66A | €24,513,943 | €11,042,033 | -€13.5m | -55.0% |
| Goods for resale, raw materials and consumables | 60 | €12,607,624 | €6,609,623 | -€6.0m | -47.6% |
| Purchases | 600/8 | €12,607,624 | €6,609,623 | -€6.0m | -47.6% |
| Services and other goods | 61 | €2,269,627 | €1,719,396 | -€550,231 | -24.2% |
| Remuneration, social security and pensions | 62 | €1,019,386 | €1,376,319 | +€356,932 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,193 | €106,285 | +€22,092 | +26.2% |
| Other operating charges | 640/8 | €1,794,490 | €1,230,411 | -€564,080 | -31.4% |
| Non-recurring operating charges | 66A | €6,738,623 | - | -€6.7m | |
| Operating profit (loss) | 9901 | -€214,827 | €950,635 | +€1.2m | |
| Financial income | 75/76B | €1,219,132 | €522,918 | -€696,213 | -57.1% |
| Recurring financial income | 75 | €1,219,132 | €522,918 | -€696,213 | -57.1% |
| Income from financial fixed assets | 750 | €0 | €0 | = | |
| Income from current assets | 751 | €30,401 | €15,357 | -€15,043 | -49.5% |
| Other financial income | 752/9 | €1,188,731 | €507,561 | -€681,170 | -57.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €945,607 | €1,423,337 | +€477,730 | +50.5% |
| Recurring financial charges | 65 | €945,607 | €1,423,337 | +€477,730 | +50.5% |
| Debt charges | 650 | - | €946 | +€946 | |
| Other financial charges | 652/9 | €945,607 | €1,422,391 | +€476,784 | +50.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €58,698 | €50,216 | -€8,482 | -14.5% |
| Income taxes | 67/77 | €21,441 | €15,767 | -€5,674 | -26.5% |
| Taxes | 670/3 | €21,530 | €15,767 | -€5,763 | -26.8% |
| Tax adjustments and reversals of tax provisions | 77 | €89 | €0 | -€89 | -100% |
| Profit (loss) for the period | 9904 | €37,256 | €34,449 | -€2,808 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,256 | €34,449 | -€2,808 | -7.5% |
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 16 October 2026 via checked.be.