INDUSTRIAL ADVANCED TECHNOLOGY: 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.
INDUSTRIAL ADVANCED TECHNOLOGY
Largest movements
- Receivables within one year +€45,965
new in 2024: €45,965
- Cash +€8,685
up €8,685 (+5.6%), from €155,548 to €164,233
mainly Net result for the year (+€67,999) and Tax, wage and social debts (+€24,022)
- Reserves +€49,090
up €49,090 (+54.0%), from €90,909 to €139,999
- Tax, wage and social debts +€24,022
up €24,022 (+78.6%), from €30,550 to €54,572
of which Taxes: +€26,666
- Profit (loss) carried forward -€18,591
down €18,591 (-96.0%), from €19,362 to €771
- Advances received -€14,036
no longer reported in 2024 (was €14,036)
- Other debts +€10,635
up €10,635 (+666%), from €1,596 to €12,231
- Purchases and services +€66,304
up €66,304 (+81.1%), from €81,721 to €148,025
- Gross operating margin +€31,240
up €31,240 (+47.9%), from €65,256 to €96,496
- Taxes +€3,058
up €3,058 (+13.6%), from €22,514 to €25,572
- Staff costs -€1,760
no longer reported in 2024 (was €1,760)
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.
Derived cash bridge
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 | €161,819 | €212,797 | +€50,978 | +31.5% |
| Formation expenses | 20 | €782 | €699 | -€83 | -10.6% |
| Fixed assets | 21/28 | €3,520 | €1,900 | -€1,619 | -46.0% |
| Tangible fixed assets | 22/27 | €3,250 | €1,630 | -€1,619 | -49.8% |
| Furniture and vehicles | 24 | €3,250 | €1,630 | -€1,619 | -49.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €157,517 | €210,198 | +€52,680 | +33.4% |
| Amounts receivable within one year | 40/41 | - | €45,965 | +€45,965 | |
| Trade receivables | 40 | - | €45,965 | +€45,965 | |
| Cash at bank and in hand | 54/58 | €155,548 | €164,233 | +€8,685 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,970 | - | -€1,970 | |
| Total equity and liabilities | 10/49 | €161,819 | €212,797 | +€50,978 | +31.5% |
| Equity | 10/15 | €115,271 | €145,771 | +€30,499 | +26.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,909 | €139,999 | +€49,090 | +54.0% |
| Distributable reserves | 133 | €90,909 | €139,999 | +€49,090 | +54.0% |
| Profit (loss) carried forward | 14 | €19,362 | €771 | -€18,591 | -96.0% |
| Amounts payable | 17/49 | €46,548 | €67,027 | +€20,479 | +44.0% |
| Amounts payable within one year | 42/48 | €46,548 | €66,898 | +€20,351 | +43.7% |
| Trade debts | 44 | €366 | €96 | -€270 | -73.9% |
| Suppliers | 440/4 | €366 | €96 | -€270 | -73.9% |
| Advances received on contracts in progress | 46 | €14,036 | - | -€14,036 | |
| Taxes, remuneration and social security | 45 | €30,550 | €54,572 | +€24,022 | +78.6% |
| Taxes | 450/3 | €27,906 | €54,572 | +€26,666 | +95.6% |
| Remuneration and social security | 454/9 | €2,644 | - | -€2,644 | |
| Other amounts payable | 47/48 | €1,596 | €12,231 | +€10,635 | +666% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Goods, raw materials, services and sundry goods | 60/61 | €81,721 | €148,025 | +€66,304 | +81.1% |
| Remuneration, social security and pensions | 62 | €1,760 | - | -€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,132 | €1,702 | -€430 | -20.2% |
| Other operating charges | 640/8 | €751 | €1,095 | +€345 | +45.9% |
| Gross operating margin | 9900 | €65,256 | €96,496 | +€31,240 | +47.9% |
| Operating profit (loss) | 9901 | €60,613 | €93,698 | +€33,085 | +54.6% |
| Financial charges | 65/66B | €122 | €128 | +€6 | +4.6% |
| Recurring financial charges | 65 | €122 | €128 | +€6 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €60,491 | €93,571 | +€33,080 | +54.7% |
| Income taxes | 67/77 | €22,514 | €25,572 | +€3,058 | +13.6% |
| Profit (loss) for the period | 9904 | €37,978 | €67,999 | +€30,022 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,978 | €67,999 | +€30,022 | +79.1% |
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 22 October 2026 via checked.be.