SHADVANCED 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.
SHADVANCED TECHNOLOGIES
Largest movements
- Receivables within one year +€96,312
up €96,312 (+106.0%), from €90,862 to €187,174
of which Trade receivables: +€96,400
- Cash -€64,123
down €64,123 (-37.1%), from €172,673 to €108,550
mainly Contributions, distributions and other (-€200,000) and Receivables within one year (-€96,312)
- Intangible fixed assets -€25,367
down €25,367 (-100.0%), from €25,367 to €0
- Tangible fixed assets -€8,368
down €8,368 (-90.9%), from €9,201 to €833
- Contributions -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Other debts +€194,930
new in 2024: €194,930
- Profit (loss) carried forward +€3,113
up €3,113, from -€2,414 to €699
- Depreciation +€14,263
up €14,263 (+73.2%), from €19,473 to €33,736
- Gross operating margin +€13,311
up €13,311 (+48.7%), from €27,343 to €40,654
- Other operating charges -€413
down €413 (-47.5%), from €870 to €457
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 | €301,978 | €300,649 | -€1,329 | -0.4% |
| Fixed assets | 21/28 | €34,569 | €833 | -€33,736 | -97.6% |
| Intangible fixed assets | 21 | €25,367 | €0 | -€25,367 | -100.0% |
| Tangible fixed assets | 22/27 | €9,201 | €833 | -€8,368 | -90.9% |
| Furniture and vehicles | 24 | €9,201 | €833 | -€8,368 | -90.9% |
| Current assets | 29/58 | €267,409 | €299,816 | +€32,407 | +12.1% |
| Amounts receivable within one year | 40/41 | €90,862 | €187,174 | +€96,312 | +106.0% |
| Trade receivables | 40 | €90,200 | €186,600 | +€96,400 | +106.9% |
| Other amounts receivable | 41 | €662 | €574 | -€88 | -13.3% |
| Cash at bank and in hand | 54/58 | €172,673 | €108,550 | -€64,123 | -37.1% |
| Deferred charges and accrued income | 490/1 | €3,874 | €4,092 | +€218 | +5.6% |
| Total equity and liabilities | 10/49 | €301,978 | €300,649 | -€1,329 | -0.4% |
| Equity | 10/15 | €297,586 | €100,736 | -€196,850 | -66.1% |
| Contributions | 10/11 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Capital | 10 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Issued capital | 100 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Reserves | 13 | - | €37 | +€37 | |
| Non-distributable reserves | 130/1 | - | €37 | +€37 | |
| Legal reserve | 130 | - | €37 | +€37 | |
| Profit (loss) carried forward | 14 | -€2,414 | €699 | +€3,113 | |
| Amounts payable | 17/49 | €4,391 | €199,913 | +€195,521 | +4452.4% |
| Amounts payable within one year | 42/48 | €4,391 | €199,913 | +€195,521 | +4452.4% |
| Trade debts | 44 | €2,749 | €2,720 | -€29 | -1.1% |
| Suppliers | 440/4 | €2,749 | €2,720 | -€29 | -1.1% |
| Taxes, remuneration and social security | 45 | €1,642 | €2,263 | +€621 | +37.8% |
| Taxes | 450/3 | €1,366 | €2,263 | +€898 | +65.7% |
| Remuneration and social security | 454/9 | €277 | €0 | -€277 | -100.0% |
| Other amounts payable | 47/48 | - | €194,930 | +€194,930 | |
| Remuneration, social security and pensions | 62 | €92 | €163 | +€71 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,473 | €33,736 | +€14,263 | +73.2% |
| Other operating charges | 640/8 | €870 | €457 | -€413 | -47.5% |
| Gross operating margin | 9900 | €27,343 | €40,654 | +€13,311 | +48.7% |
| Operating profit (loss) | 9901 | €6,908 | €6,298 | -€610 | -8.8% |
| Financial charges | 65/66B | €309 | €132 | -€178 | -57.5% |
| Recurring financial charges | 65 | €309 | €132 | -€178 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €6,598 | €6,166 | -€432 | -6.5% |
| Income taxes | 67/77 | €3,247 | €3,017 | -€230 | -7.1% |
| Profit (loss) for the period | 9904 | €3,352 | €3,150 | -€202 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,352 | €3,150 | -€202 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.