ADVIENERG: what changed
ADVIENERG
Largest movements
- Tangible fixed assets -€13,724
down €13,724 (-7.9%), from €172,758 to €159,034
of which Leasing and similar rights: -€8,665
- Cash +€9,720
up €9,720 (+47.7%), from €20,360 to €30,080
mainly Net result for the year (+€26,468) and Depreciation (+€16,041)
- Receivables within one year +€9,682
up €9,682 (+33.0%), from €29,351 to €39,032
of which Other amounts receivable: +€8,136
- Current investments +€5,000
new in 2025: €5,000
- Profit (loss) carried forward +€22,002
no longer reported in 2025 (was -€22,002)
- Debts after one year -€9,574
down €9,574 (-37.5%), from €25,524 to €15,950
- Reserves +€4,466
up €4,466 (+2.3%), from €193,398 to €197,864
- Trade debts -€2,642
down €2,642 (-41.1%), from €6,422 to €3,780
- Gross operating margin +€15,022
up €15,022 (+39.2%), from €38,302 to €53,324
- Taxes +€7,228
up €7,228 (+797%), from €907 to €8,135
- Other operating charges -€2,588
down €2,588 (-64.3%), from €4,024 to €1,436
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 | €224,969 | €235,647 | +€10,678 | +4.7% |
| Fixed assets | 21/28 | €175,258 | €161,534 | -€13,724 | -7.8% |
| Tangible fixed assets | 22/27 | €172,758 | €159,034 | -€13,724 | -7.9% |
| Land and buildings | 22 | €136,976 | €133,225 | -€3,751 | -2.7% |
| Plant, machinery and equipment | 23 | €2,262 | €3,314 | +€1,052 | +46.5% |
| Furniture and vehicles | 24 | €7,490 | €5,578 | -€1,911 | -25.5% |
| Leasing and similar rights | 25 | €23,830 | €15,165 | -€8,665 | -36.4% |
| Other tangible fixed assets | 26 | €2,200 | €1,752 | -€448 | -20.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €49,710 | €74,112 | +€24,402 | +49.1% |
| Amounts receivable within one year | 40/41 | €29,351 | €39,032 | +€9,682 | +33.0% |
| Trade receivables | 40 | €17,391 | €18,937 | +€1,546 | +8.9% |
| Other amounts receivable | 41 | €11,959 | €20,096 | +€8,136 | +68.0% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €20,360 | €30,080 | +€9,720 | +47.7% |
| Total equity and liabilities | 10/49 | €224,969 | €235,647 | +€10,678 | +4.7% |
| Equity | 10/15 | €177,596 | €204,064 | +€26,468 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,398 | €197,864 | +€4,466 | +2.3% |
| Distributable reserves | 133 | €193,398 | €197,864 | +€4,466 | +2.3% |
| Profit (loss) carried forward | 14 | -€22,002 | - | +€22,002 | |
| Amounts payable | 17/49 | €47,372 | €31,583 | -€15,790 | -33.3% |
| Amounts payable after more than one year | 17 | €25,524 | €15,950 | -€9,574 | -37.5% |
| Financial debts | 170/4 | €25,524 | €15,950 | -€9,574 | -37.5% |
| Amounts payable within one year | 42/48 | €21,849 | €15,633 | -€6,216 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €11,348 | €9,631 | -€1,717 | -15.1% |
| Trade debts | 44 | €6,422 | €3,780 | -€2,642 | -41.1% |
| Suppliers | 440/4 | €6,422 | €3,780 | -€2,642 | -41.1% |
| Taxes, remuneration and social security | 45 | €4,079 | €2,222 | -€1,857 | -45.5% |
| Taxes | 450/3 | €4,079 | €2,222 | -€1,857 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,573 | €16,041 | +€468 | +3.0% |
| Other operating charges | 640/8 | €4,024 | €1,436 | -€2,588 | -64.3% |
| Gross operating margin | 9900 | €38,302 | €53,324 | +€15,022 | +39.2% |
| Operating profit (loss) | 9901 | €18,705 | €35,848 | +€17,143 | +91.6% |
| Financial charges | 65/66B | €1,596 | €1,245 | -€351 | -22.0% |
| Recurring financial charges | 65 | €1,596 | €1,245 | -€351 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €17,109 | €34,603 | +€17,494 | +102% |
| Income taxes | 67/77 | €907 | €8,135 | +€7,228 | +797% |
| Profit (loss) for the period | 9904 | €16,201 | €26,468 | +€10,266 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,201 | €26,468 | +€10,266 | +63.4% |
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 1 November 2026 via checked.be.