Advanced Developments in Electronics and Software: 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.
Advanced Developments in Electronics and Software
Largest movements
- Cash +€18,220
up €18,220 (+79.9%), from €22,810 to €41,030
mainly Net result for the year (+€17,063) and Tax, wage and social debts (+€4,078)
- Receivables within one year -€3,764
down €3,764 (-64.8%), from €5,812 to €2,048
- Current investments +€2,800
up €2,800 (+3.9%), from €72,000 to €74,800
- Deferred charges and accrued income +€2,303
new in 2025: €2,303
- Reserves +€12,419
up €12,419 (+69.8%), from €17,781 to €30,200
of which Distributable reserves: +€11,200
- Profit (loss) carried forward +€4,644
up €4,644 (+532%), from €873 to €5,517
- Tax, wage and social debts +€4,078
up €4,078 (+284%), from €1,436 to €5,514
- Accrued charges and deferred income -€2,565
no longer reported in 2025 (was €2,565)
- Gross operating margin +€19,206
up €19,206 (+409%), from €4,691 to €23,897
- Turnover +€18,387
up €18,387 (+65.3%), from €28,165 to €46,552
- Purchases and services +€10,880
up €10,880 (+92.4%), from €11,774 to €22,654
- Other operating charges +€6,107
up €6,107 (+579%), from €1,054 to €7,161
- Financial income +€2,987
up €2,987 (+17,571%), from €17 to €3,004
of which Financial income: +€2,987
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 | €100,622 | €120,181 | +€19,559 | +19.4% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Current assets | 29/58 | €100,622 | €120,181 | +€19,559 | +19.4% |
| Amounts receivable within one year | 40/41 | €5,812 | €2,048 | -€3,764 | -64.8% |
| Trade receivables | 40 | €5,812 | €2,048 | -€3,764 | -64.8% |
| Current investments | 50/53 | €72,000 | €74,800 | +€2,800 | +3.9% |
| Cash at bank and in hand | 54/58 | €22,810 | €41,030 | +€18,220 | +79.9% |
| Deferred charges and accrued income | 490/1 | - | €2,303 | +€2,303 | |
| Total equity and liabilities | 10/49 | €100,622 | €120,181 | +€19,559 | +19.4% |
| Equity | 10/15 | €80,654 | €97,717 | +€17,063 | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,781 | €30,200 | +€12,419 | +69.8% |
| Non-distributable reserves | 130/1 | €4,981 | €6,200 | +€1,219 | +24.5% |
| Legal reserve | 130 | €4,981 | €6,200 | +€1,219 | +24.5% |
| Distributable reserves | 133 | €12,800 | €24,000 | +€11,200 | +87.5% |
| Profit (loss) carried forward | 14 | €873 | €5,517 | +€4,644 | +532% |
| Amounts payable | 17/49 | €19,968 | €22,464 | +€2,496 | +12.5% |
| Amounts payable after more than one year | 17 | €6,714 | €6,400 | -€314 | -4.7% |
| Trade debts | 175 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 178/9 | €2,714 | €2,400 | -€314 | -11.6% |
| Amounts payable within one year | 42/48 | €10,689 | €16,064 | +€5,375 | +50.3% |
| Trade debts | 44 | €440 | €586 | +€146 | +33.2% |
| Suppliers | 440/4 | - | €586 | +€586 | |
| Bills of exchange payable | 441 | €440 | - | -€440 | |
| Advances received on contracts in progress | 46 | - | €328 | +€328 | |
| Taxes, remuneration and social security | 45 | €1,436 | €5,514 | +€4,078 | +284% |
| Taxes | 450/3 | €1,436 | €5,514 | +€4,078 | +284% |
| Other amounts payable | 47/48 | €8,813 | €9,636 | +€823 | +9.3% |
| Accrued charges and deferred income | 492/3 | €2,565 | - | -€2,565 | |
| Turnover | 70 | €28,165 | €46,552 | +€18,387 | +65.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,774 | €22,654 | +€10,880 | +92.4% |
| Other operating charges | 640/8 | €1,054 | €7,161 | +€6,107 | +579% |
| Gross operating margin | 9900 | €4,691 | €23,897 | +€19,206 | +409% |
| Operating profit (loss) | 9901 | €3,637 | €16,736 | +€13,099 | +360% |
| Financial income | 75/76B | €17 | €3,004 | +€2,987 | +17,571% |
| Recurring financial income | 75 | €17 | €3,004 | +€2,987 | +17,571% |
| Non-recurring financial income | 76B | €17 | €3,004 | +€2,987 | +17,571% |
| Financial charges | 65/66B | €109 | €530 | +€421 | +386% |
| Recurring financial charges | 65 | €109 | €530 | +€421 | +386% |
| Non-recurring financial charges | 66B | €109 | €530 | +€421 | +386% |
| Profit (loss) for the period before taxes | 9903 | €3,545 | €19,210 | +€15,665 | +442% |
| Income taxes | 67/77 | - | €2,147 | +€2,147 | |
| Profit (loss) for the period | 9904 | €3,545 | €17,063 | +€13,518 | +381% |
| Profit (loss) for the period to be appropriated | 9905 | €3,545 | €17,063 | +€13,518 | +381% |
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 28 October 2026 via checked.be.