Surfaces & Advanced Material Coatings: 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.
Surfaces & Advanced Material Coatings
Largest movements
- Current investments +€542,493
up €542,493 (+15.5%), from €3.5m to €4.1m
- Tangible fixed assets -€326,901
down €326,901 (-14.4%), from €2.3m to €1.9m
- Cash -€144,747
down €144,747 (-38.4%), from €376,775 to €232,029
mainly Current investments (-€542,493) and Investment in fixed assets (net) (-€159,590)
- Profit (loss) carried forward +€116,385
up €116,385 (+39.3%), from -€296,021 to -€179,635
- Financial income -€35,899
down €35,899 (-33.2%), from €108,168 to €72,269
- Services and other goods -€10,103
down €10,103 (-6.4%), from €157,612 to €147,509
- Turnover +€8,632
up €8,632 (+1.3%), from €673,454 to €682,086
- Depreciation -€8,231
down €8,231 (-1.7%), from €494,722 to €486,491
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,528,542 | €6,610,164 | +€81,621 | +1.3% |
| Fixed assets | 21/28 | €2,268,889 | €1,941,988 | -€326,901 | -14.4% |
| Tangible fixed assets | 22/27 | €2,268,889 | €1,941,988 | -€326,901 | -14.4% |
| Plant, machinery and equipment | 23 | €2,268,889 | €1,941,988 | -€326,901 | -14.4% |
| Current assets | 29/58 | €4,259,654 | €4,668,176 | +€408,522 | +9.6% |
| Amounts receivable within one year | 40/41 | €375,371 | €386,147 | +€10,776 | +2.9% |
| Trade receivables | 40 | €287,828 | €332,276 | +€44,448 | +15.4% |
| Other amounts receivable | 41 | €87,543 | €53,871 | -€33,672 | -38.5% |
| Current investments | 50/53 | €3,507,507 | €4,050,000 | +€542,493 | +15.5% |
| Other investments | 51/53 | €3,507,507 | €4,050,000 | +€542,493 | +15.5% |
| Cash at bank and in hand | 54/58 | €376,775 | €232,029 | -€144,747 | -38.4% |
| Total equity and liabilities | 10/49 | €6,528,542 | €6,610,164 | +€81,621 | +1.3% |
| Equity | 10/15 | €6,353,979 | €6,470,365 | +€116,385 | +1.8% |
| Contributions | 10/11 | €6,650,000 | €6,650,000 | = | 0.0% |
| Capital | 10 | €6,650,000 | €6,650,000 | = | 0.0% |
| Issued capital | 100 | €6,650,000 | €6,650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,021 | -€179,635 | +€116,385 | +39.3% |
| Amounts payable | 17/49 | €174,563 | €139,799 | -€34,764 | -19.9% |
| Amounts payable within one year | 42/48 | €174,563 | €139,799 | -€34,764 | -19.9% |
| Trade debts | 44 | €174,563 | €139,799 | -€34,764 | -19.9% |
| Suppliers | 440/4 | €174,563 | €139,799 | -€34,764 | -19.9% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €673,454 | €682,086 | +€8,632 | +1.3% |
| Turnover | 70 | €673,454 | €682,086 | +€8,632 | +1.3% |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €654,492 | €636,574 | -€17,917 | -2.7% |
| Services and other goods | 61 | €157,612 | €147,509 | -€10,103 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494,722 | €486,491 | -€8,231 | -1.7% |
| Other operating charges | 640/8 | €2,158 | €2,402 | +€244 | +11.3% |
| Non-recurring operating charges | 66A | - | €172 | +€172 | |
| Operating profit (loss) | 9901 | €18,963 | €45,512 | +€26,549 | +140% |
| Financial income | 75/76B | €108,168 | €72,269 | -€35,899 | -33.2% |
| Recurring financial income | 75 | €108,168 | €72,269 | -€35,899 | -33.2% |
| Income from current assets | 751 | €108,168 | €72,269 | -€35,899 | -33.2% |
| Financial charges | 65/66B | €1,061 | €1,395 | +€334 | +31.4% |
| Recurring financial charges | 65 | €1,061 | €1,395 | +€334 | +31.4% |
| Debt charges | 650 | €1,061 | €1,395 | +€334 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €126,069 | €116,385 | -€9,684 | -7.7% |
| Profit (loss) for the period | 9904 | €126,069 | €116,385 | -€9,684 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €126,069 | €116,385 | -€9,684 | -7.7% |
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 23 October 2026 via checked.be.