ADVEK: 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.
ADVEK
Largest movements
- Cash +€26,726
up €26,726 (+9.9%), from €271,101 to €297,826
mainly Net result for the year (+€79,044) and Trade debts (+€2,233)
- Current investments +€12,000
up €12,000 (+40.0%), from €30,000 to €42,000
- Reserves +€79,044
up €79,044 (+30.0%), from €263,793 to €342,838
of which Distributable reserves: +€80,904
- Other debts -€38,386
down €38,386 (-92.4%), from €41,523 to €3,137
- Gross operating margin +€20,220
up €20,220 (+21.8%), from €92,937 to €113,158
- Taxes +€5,898
up €5,898 (+22.5%), from €26,170 to €32,068
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 | €318,341 | €360,514 | +€42,173 | +13.2% |
| Fixed assets | 21/28 | €9,289 | €9,159 | -€130 | -1.4% |
| Tangible fixed assets | 22/27 | €9,289 | €9,159 | -€130 | -1.4% |
| Land and buildings | 22 | €6,852 | €6,076 | -€776 | -11.3% |
| Plant, machinery and equipment | 23 | €2,438 | €3,083 | +€645 | +26.5% |
| Current assets | 29/58 | €309,052 | €351,355 | +€42,304 | +13.7% |
| Amounts receivable within one year | 40/41 | €7,518 | €10,488 | +€2,970 | +39.5% |
| Trade receivables | 40 | €5,518 | €9,438 | +€3,920 | +71.1% |
| Other amounts receivable | 41 | €2,000 | €1,050 | -€950 | -47.5% |
| Current investments | 50/53 | €30,000 | €42,000 | +€12,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €271,101 | €297,826 | +€26,726 | +9.9% |
| Deferred charges and accrued income | 490/1 | €433 | €1,041 | +€608 | +140.2% |
| Total equity and liabilities | 10/49 | €318,341 | €360,514 | +€42,173 | +13.2% |
| Equity | 10/15 | €269,993 | €349,038 | +€79,044 | +29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €263,793 | €342,838 | +€79,044 | +30.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €261,933 | €342,838 | +€80,904 | +30.9% |
| Amounts payable | 17/49 | €48,348 | €11,476 | -€36,871 | -76.3% |
| Amounts payable within one year | 42/48 | €48,348 | €11,476 | -€36,871 | -76.3% |
| Trade debts | 44 | €176 | €2,409 | +€2,233 | +1271.8% |
| Suppliers | 440/4 | €176 | €2,409 | +€2,233 | +1271.8% |
| Taxes, remuneration and social security | 45 | €6,649 | €5,930 | -€719 | -10.8% |
| Taxes | 450/3 | €6,649 | €5,930 | -€719 | -10.8% |
| Other amounts payable | 47/48 | €41,523 | €3,137 | -€38,386 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €2,224 | -€176 | -7.3% |
| Other operating charges | 640/8 | €1,436 | €1,398 | -€38 | -2.6% |
| Gross operating margin | 9900 | €92,937 | €113,158 | +€20,220 | +21.8% |
| Operating profit (loss) | 9901 | €89,102 | €109,536 | +€20,434 | +22.9% |
| Financial income | 75/76B | €1,193 | €1,630 | +€438 | +36.7% |
| Recurring financial income | 75 | €1,193 | €1,630 | +€438 | +36.7% |
| Financial charges | 65/66B | €50 | €54 | +€4 | +7.4% |
| Recurring financial charges | 65 | €50 | €54 | +€4 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €90,244 | €111,112 | +€20,868 | +23.1% |
| Income taxes | 67/77 | €26,170 | €32,068 | +€5,898 | +22.5% |
| Profit (loss) for the period | 9904 | €64,074 | €79,044 | +€14,970 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,074 | €79,044 | +€14,970 | +23.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.