SHADVANCED TECHNOLOGIES: 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.
SHADVANCED TECHNOLOGIES
Largest movements
- Receivables within one year -€110,734
down €110,734 (-59.2%), from €187,174 to €76,440
of which Trade receivables: -€111,130
- Cash -€86,635
down €86,635 (-79.8%), from €108,550 to €21,915
mainly Other debts (-€194,930) and Tax, wage and social debts (-€2,251)
- Other debts -€194,930
down €194,930 (-100.0%), from €194,930 to €0
- Gross operating margin -€36,482
down €36,482 (-89.7%), from €40,654 to €4,172
- Depreciation -€33,174
down €33,174 (-98.3%), from €33,736 to €562
- Taxes -€1,182
down €1,182 (-39.2%), from €3,017 to €1,834
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.
Cash bridge derived
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 | €300,649 | €102,332 | -€198,317 | -66.0% |
| Fixed assets | 21/28 | €833 | €271 | -€562 | -67.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €833 | €271 | -€562 | -67.4% |
| Furniture and vehicles | 24 | €833 | €271 | -€562 | -67.4% |
| Current assets | 29/58 | €299,816 | €102,060 | -€197,755 | -66.0% |
| Amounts receivable within one year | 40/41 | €187,174 | €76,440 | -€110,734 | -59.2% |
| Trade receivables | 40 | €186,600 | €75,470 | -€111,130 | -59.6% |
| Other amounts receivable | 41 | €574 | €970 | +€396 | +69.0% |
| Cash at bank and in hand | 54/58 | €108,550 | €21,915 | -€86,635 | -79.8% |
| Deferred charges and accrued income | 490/1 | €4,092 | €3,705 | -€387 | -9.5% |
| Total equity and liabilities | 10/49 | €300,649 | €102,332 | -€198,317 | -66.0% |
| Equity | 10/15 | €100,736 | €101,629 | +€893 | +0.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €37 | €81 | +€45 | +121.3% |
| Non-distributable reserves | 130/1 | €37 | €81 | +€45 | +121.3% |
| Legal reserve | 130 | €37 | €81 | +€45 | +121.3% |
| Profit (loss) carried forward | 14 | €699 | €1,548 | +€848 | +121.3% |
| Amounts payable | 17/49 | €199,913 | €703 | -€199,210 | -99.6% |
| Amounts payable within one year | 42/48 | €199,913 | €703 | -€199,210 | -99.6% |
| Trade debts | 44 | €2,720 | €690 | -€2,029 | -74.6% |
| Suppliers | 440/4 | €2,720 | €690 | -€2,029 | -74.6% |
| Taxes, remuneration and social security | 45 | €2,263 | €12 | -€2,251 | -99.5% |
| Taxes | 450/3 | €2,263 | €12 | -€2,251 | -99.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €194,930 | €0 | -€194,930 | -100.0% |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,736 | €562 | -€33,174 | -98.3% |
| Other operating charges | 640/8 | €457 | €472 | +€15 | +3.2% |
| Gross operating margin | 9900 | €40,654 | €4,172 | -€36,482 | -89.7% |
| Operating profit (loss) | 9901 | €6,298 | €3,139 | -€3,159 | -50.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €132 | €412 | +€280 | +212.9% |
| Recurring financial charges | 65 | €132 | €412 | +€280 | +212.9% |
| Profit (loss) for the period before taxes | 9903 | €6,166 | €2,727 | -€3,439 | -55.8% |
| Income taxes | 67/77 | €3,017 | €1,834 | -€1,182 | -39.2% |
| Profit (loss) for the period | 9904 | €3,150 | €893 | -€2,257 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,150 | €893 | -€2,257 | -71.6% |
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 10 October 2026 via checked.be.