ADVIKON: 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.
ADVIKON
Largest movements
- Receivables within one year +€64,900
up €64,900 (+64.3%), from €100,921 to €165,821
of which Other amounts receivable: +€44,293
- Cash +€56,267
up €56,267 (+1,115%), from €5,048 to €61,315
mainly Trade debts (+€39,807) and Net result for the year (+€34,272)
- Stocks and contracts -€31,942
down €31,942 (-32.4%), from €98,604 to €66,662
- Trade debts +€39,807
up €39,807 (+175%), from €22,765 to €62,572
- Reserves +€34,272
up €34,272 (+37.0%), from €92,730 to €127,002
- Current portion of long-term debt +€26,713
up €26,713 (+1,331%), from €2,007 to €28,720
- Short-term financial debts -€12,737
down €12,737 (-66.7%), from €19,088 to €6,351
of which Other loans: -€16,224
- Accrued charges and deferred income -€9,003
down €9,003 (-47.4%), from €19,003 to €10,000
- Gross operating margin +€46,937
up €46,937 (+108%), from €43,267 to €90,204
- Write-downs +€34,497
new in 2025: €34,497
- Financial income -€4,863
down €4,863 (-86.5%), from €5,625 to €762
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 | €206,122 | €295,347 | +€89,225 | +43.3% |
| Fixed assets | 21/28 | €1,549 | €1,549 | = | 0.0% |
| Financial fixed assets | 28 | €1,549 | €1,549 | = | 0.0% |
| Current assets | 29/58 | €204,573 | €293,798 | +€89,225 | +43.6% |
| Stocks and contracts in progress | 3 | €98,604 | €66,662 | -€31,942 | -32.4% |
| Stocks | 30/36 | €98,604 | €66,662 | -€31,942 | -32.4% |
| Amounts receivable within one year | 40/41 | €100,921 | €165,821 | +€64,900 | +64.3% |
| Trade receivables | 40 | €295 | €20,902 | +€20,607 | +6,996% |
| Other amounts receivable | 41 | €100,626 | €144,920 | +€44,293 | +44.0% |
| Cash at bank and in hand | 54/58 | €5,048 | €61,315 | +€56,267 | +1,115% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €206,122 | €295,347 | +€89,225 | +43.3% |
| Equity | 10/15 | €95,230 | €129,502 | +€34,272 | +36.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €92,730 | €127,002 | +€34,272 | +37.0% |
| Distributable reserves | 133 | €92,730 | €127,002 | +€34,272 | +37.0% |
| Amounts payable | 17/49 | €110,892 | €165,845 | +€54,954 | +49.6% |
| Amounts payable within one year | 42/48 | €91,889 | €155,845 | +€63,957 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €2,007 | €28,720 | +€26,713 | +1,331% |
| Financial debts | 43 | €19,088 | €6,351 | -€12,737 | -66.7% |
| Credit institutions | 430/8 | €2,863 | €6,351 | +€3,488 | +122% |
| Other loans | 439 | €16,224 | €0 | -€16,224 | -100% |
| Trade debts | 44 | €22,765 | €62,572 | +€39,807 | +175% |
| Suppliers | 440/4 | €22,765 | €62,572 | +€39,807 | +175% |
| Advances received on contracts in progress | 46 | €1,750 | €0 | -€1,750 | -100% |
| Taxes, remuneration and social security | 45 | €46,278 | €52,232 | +€5,953 | +12.9% |
| Taxes | 450/3 | €46,278 | €52,232 | +€5,953 | +12.9% |
| Other amounts payable | 47/48 | €0 | €5,970 | +€5,970 | |
| Accrued charges and deferred income | 492/3 | €19,003 | €10,000 | -€9,003 | -47.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,497 | +€34,497 | |
| Other operating charges | 640/8 | €1,339 | €2,200 | +€861 | +64.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,267 | €90,204 | +€46,937 | +108% |
| Operating profit (loss) | 9901 | €41,928 | €53,507 | +€11,579 | +27.6% |
| Financial income | 75/76B | €5,625 | €762 | -€4,863 | -86.5% |
| Recurring financial income | 75 | €5,625 | €762 | -€4,863 | -86.5% |
| Financial charges | 65/66B | €1,784 | €2,241 | +€457 | +25.6% |
| Recurring financial charges | 65 | €1,784 | €2,241 | +€457 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €45,770 | €52,029 | +€6,259 | +13.7% |
| Income taxes | 67/77 | €17,169 | €17,757 | +€588 | +3.4% |
| Profit (loss) for the period | 9904 | €28,601 | €34,272 | +€5,671 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,601 | €34,272 | +€5,671 | +19.8% |
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 13 October 2026 via checked.be.