ADVANCED ENERGY SYSTEMS: what changed
ADVANCED ENERGY SYSTEMS
Largest movements
- Receivables within one year -€21,468
down €21,468 (-83.2%), from €25,800 to €4,332
of which Trade receivables: -€21,381
- Stocks and contracts +€20,300
up €20,300 (+77.0%), from €26,350 to €46,650
of which Contracts in progress: +€20,150
- Cash +€2,409
up €2,409 (+47.4%), from €5,081 to €7,490
mainly Receivables within one year (+€21,468) and Trade debts (+€2,337)
- Deferred charges and accrued income +€1,611
up €1,611 (+114%), from €1,414 to €3,026
- Trade debts +€2,337
up €2,337 (+365%), from €640 to €2,976
- Other debts +€2,231
up €2,231 (+4.5%), from €50,036 to €52,267
- Profit (loss) carried forward -€1,475
down €1,475 (-14.0%), from -€10,522 to -€11,997
- Gross operating margin -€2,097
down €2,097, from €1,814 to -€283
- Financial income -€136
down €136 (-20.7%), from €655 to €519
- Other operating charges -€33
down €33 (-2.9%), from €1,111 to €1,079
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 | €59,340 | €61,839 | +€2,499 | +4.2% |
| Fixed assets | 21/28 | €694 | €341 | -€353 | -50.9% |
| Tangible fixed assets | 22/27 | €694 | €341 | -€353 | -50.9% |
| Plant, machinery and equipment | 23 | €79 | €2 | -€77 | -96.9% |
| Furniture and vehicles | 24 | €615 | €339 | -€277 | -45.0% |
| Current assets | 29/58 | €58,645 | €61,498 | +€2,852 | +4.9% |
| Stocks and contracts in progress | 3 | €26,350 | €46,650 | +€20,300 | +77.0% |
| Stocks | 30/36 | €8,500 | €8,650 | +€150 | +1.8% |
| Contracts in progress | 37 | €17,850 | €38,000 | +€20,150 | +113% |
| Amounts receivable within one year | 40/41 | €25,800 | €4,332 | -€21,468 | -83.2% |
| Trade receivables | 40 | €23,691 | €2,309 | -€21,381 | -90.3% |
| Other amounts receivable | 41 | €2,109 | €2,023 | -€86 | -4.1% |
| Cash at bank and in hand | 54/58 | €5,081 | €7,490 | +€2,409 | +47.4% |
| Deferred charges and accrued income | 490/1 | €1,414 | €3,026 | +€1,611 | +114% |
| Total equity and liabilities | 10/49 | €59,340 | €61,839 | +€2,499 | +4.2% |
| Equity | 10/15 | €8,070 | €6,595 | -€1,475 | -18.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,522 | -€11,997 | -€1,475 | -14.0% |
| Amounts payable | 17/49 | €51,269 | €55,244 | +€3,974 | +7.8% |
| Amounts payable within one year | 42/48 | €50,710 | €55,244 | +€4,533 | +8.9% |
| Trade debts | 44 | €640 | €2,976 | +€2,337 | +365% |
| Suppliers | 440/4 | €640 | €2,976 | +€2,337 | +365% |
| Taxes, remuneration and social security | 45 | €34 | €0 | -€34 | -100% |
| Taxes | 450/3 | €34 | €0 | -€34 | -100% |
| Other amounts payable | 47/48 | €50,036 | €52,267 | +€2,231 | +4.5% |
| Accrued charges and deferred income | 492/3 | €559 | €0 | -€559 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €353 | -€11 | -3.1% |
| Other operating charges | 640/8 | €1,111 | €1,079 | -€33 | -2.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,814 | -€283 | -€2,097 | |
| Operating profit (loss) | 9901 | €338 | -€1,715 | -€2,054 | |
| Financial income | 75/76B | €655 | €519 | -€136 | -20.7% |
| Recurring financial income | 75 | €655 | €519 | -€136 | -20.7% |
| Financial charges | 65/66B | €139 | €138 | -€1 | -0.8% |
| Recurring financial charges | 65 | €139 | €138 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €854 | -€1,334 | -€2,188 | |
| Income taxes | 67/77 | €136 | €141 | +€5 | +3.4% |
| Profit (loss) for the period | 9904 | €718 | -€1,475 | -€2,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €718 | -€1,475 | -€2,193 |
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 2 November 2026 via checked.be.