Advanced Energy: what changed
Advanced Energy
Largest movements
- Cash +€271,320
up €271,320 (+171%), from €158,636 to €429,956
mainly Advances received (+€134,425) and Net result for the year (+€125,020)
- Stocks and contracts +€113,877
up €113,877 (+86.2%), from €132,062 to €245,939
- Receivables within one year +€101,077
up €101,077 (+57.2%), from €176,691 to €277,768
of which Trade receivables: +€66,494
- Tangible fixed assets -€16,425
down €16,425 (-12.0%), from €137,047 to €120,622
of which Furniture and vehicles: -€18,793
- Advances received +€134,425
up €134,425 (+102%), from €132,000 to €266,425
- Trade debts +€124,941
up €124,941 (+63.1%), from €198,143 to €323,084
- Reserves +€122,521
up €122,521 (+134%), from €91,099 to €213,620
- Tax, wage and social debts +€85,962
up €85,962 (+147%), from €58,677 to €144,639
of which Remuneration and social security: +€43,484
- Current portion of long-term debt +€17,655
up €17,655 (+275%), from €6,413 to €24,069
- Gross operating margin +€450,314
up €450,314 (+154%), from €292,307 to €742,621
- Staff costs +€338,290
up €338,290 (+187%), from €181,363 to €519,653
- Taxes +€34,822
up €34,822 (+150%), from €23,208 to €58,030
- Financial income +€8,146
up €8,146 (+251%), from €3,246 to €11,392
- Depreciation +€7,594
up €7,594 (+28.0%), from €27,156 to €34,751
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €622,410 | €1,106,584 | +€484,174 | +77.8% |
| Fixed assets | 21/28 | €150,577 | €139,872 | -€10,705 | -7.1% |
| Tangible fixed assets | 22/27 | €137,047 | €120,622 | -€16,425 | -12.0% |
| Plant, machinery and equipment | 23 | €26,652 | €29,020 | +€2,368 | +8.9% |
| Furniture and vehicles | 24 | €110,394 | €91,602 | -€18,793 | -17.0% |
| Financial fixed assets | 28 | €13,530 | €19,250 | +€5,720 | +42.3% |
| Current assets | 29/58 | €471,834 | €966,712 | +€494,879 | +105% |
| Stocks and contracts in progress | 3 | €132,062 | €245,939 | +€113,877 | +86.2% |
| Stocks | 30/36 | €132,062 | €245,939 | +€113,877 | +86.2% |
| Amounts receivable within one year | 40/41 | €176,691 | €277,768 | +€101,077 | +57.2% |
| Trade receivables | 40 | €128,648 | €195,142 | +€66,494 | +51.7% |
| Other amounts receivable | 41 | €48,043 | €82,625 | +€34,582 | +72.0% |
| Cash at bank and in hand | 54/58 | €158,636 | €429,956 | +€271,320 | +171% |
| Deferred charges and accrued income | 490/1 | €4,445 | €13,050 | +€8,605 | +194% |
| Total equity and liabilities | 10/49 | €622,410 | €1,106,584 | +€484,174 | +77.8% |
| Equity | 10/15 | €92,099 | €214,620 | +€122,521 | +133% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €91,099 | €213,620 | +€122,521 | +134% |
| Distributable reserves | 133 | €91,099 | €213,620 | +€122,521 | +134% |
| Amounts payable | 17/49 | €530,312 | €891,964 | +€361,653 | +68.2% |
| Amounts payable after more than one year | 17 | €121,446 | €119,744 | -€1,702 | -1.4% |
| Financial debts | 170/4 | €121,446 | €119,744 | -€1,702 | -1.4% |
| Amounts payable within one year | 42/48 | €408,866 | €772,220 | +€363,354 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €6,413 | €24,069 | +€17,655 | +275% |
| Trade debts | 44 | €198,143 | €323,084 | +€124,941 | +63.1% |
| Suppliers | 440/4 | €198,143 | €323,084 | +€124,941 | +63.1% |
| Advances received on contracts in progress | 46 | €132,000 | €266,425 | +€134,425 | +102% |
| Taxes, remuneration and social security | 45 | €58,677 | €144,639 | +€85,962 | +147% |
| Taxes | 450/3 | €39,152 | €81,630 | +€42,479 | +108% |
| Remuneration and social security | 454/9 | €19,525 | €63,009 | +€43,484 | +223% |
| Other amounts payable | 47/48 | €13,633 | €14,003 | +€370 | +2.7% |
| Remuneration, social security and pensions | 62 | €181,363 | €519,653 | +€338,290 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,156 | €34,751 | +€7,594 | +28.0% |
| Other operating charges | 640/8 | €1,620 | €6,221 | +€4,601 | +284% |
| Gross operating margin | 9900 | €292,307 | €742,621 | +€450,314 | +154% |
| Operating profit (loss) | 9901 | €82,167 | €181,996 | +€99,829 | +121% |
| Financial income | 75/76B | €3,246 | €11,392 | +€8,146 | +251% |
| Recurring financial income | 75 | €3,246 | €11,392 | +€8,146 | +251% |
| Financial charges | 65/66B | €10,043 | €10,338 | +€295 | +2.9% |
| Recurring financial charges | 65 | €10,043 | €10,338 | +€295 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €75,370 | €183,050 | +€107,680 | +143% |
| Income taxes | 67/77 | €23,208 | €58,030 | +€34,822 | +150% |
| Profit (loss) for the period | 9904 | €52,163 | €125,020 | +€72,858 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €52,163 | €125,020 | +€72,858 | +140% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.