A+Advisory: 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.
A+Advisory
Largest movements
- Receivables after one year -€23,000
down €23,000 (-100%), from €23,000 to €0
- Cash -€8,305
down €8,305 (-6.8%), from €121,762 to €113,457
mainly Contributions, distributions and other (-€181,000) and Deferred charges and accrued income (-€8,145)
- Deferred charges and accrued income +€8,145
up €8,145 (+152%), from €5,357 to €13,502
- Reserves -€86,559
down €86,559 (-99.9%), from €86,687 to €128
- Other debts +€80,544
up €80,544 (+1,003%), from €8,032 to €88,576
- Profit (loss) carried forward -€23,073
down €23,073 (-43.3%), from €53,241 to €30,168
- Trade debts +€4,447
up €4,447 (+123%), from €3,628 to €8,075
- Tax, wage and social debts +€2,128
up €2,128 (+181%), from €1,177 to €3,305
- Gross operating margin +€25,647
up €25,647 (+38.5%), from €66,615 to €92,262
- Taxes +€5,859
up €5,859 (+40.1%), from €14,596 to €20,455
- Financial income -€1,461
down €1,461 (-67.1%), from €2,177 to €716
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 | €155,765 | €133,367 | -€22,398 | -14.4% |
| Fixed assets | 21/28 | €3,251 | €2,858 | -€393 | -12.1% |
| Tangible fixed assets | 22/27 | €3,251 | €2,858 | -€393 | -12.1% |
| Plant, machinery and equipment | 23 | €1,358 | €1,194 | -€164 | -12.1% |
| Other tangible fixed assets | 26 | €1,893 | €1,664 | -€229 | -12.1% |
| Current assets | 29/58 | €152,514 | €130,509 | -€22,005 | -14.4% |
| Amounts receivable after more than one year | 29 | €23,000 | €0 | -€23,000 | -100% |
| Other amounts receivable | 291 | €23,000 | €0 | -€23,000 | -100% |
| Amounts receivable within one year | 40/41 | €2,395 | €3,550 | +€1,155 | +48.2% |
| Trade receivables | 40 | €0 | €1,117 | +€1,117 | |
| Other amounts receivable | 41 | €2,395 | €2,433 | +€38 | +1.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €121,762 | €113,457 | -€8,305 | -6.8% |
| Deferred charges and accrued income | 490/1 | €5,357 | €13,502 | +€8,145 | +152% |
| Total equity and liabilities | 10/49 | €155,765 | €133,367 | -€22,398 | -14.4% |
| Equity | 10/15 | €142,928 | €33,296 | -€109,632 | -76.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €86,687 | €128 | -€86,559 | -99.9% |
| Distributable reserves | 133 | €86,687 | €128 | -€86,559 | -99.9% |
| Profit (loss) carried forward | 14 | €53,241 | €30,168 | -€23,073 | -43.3% |
| Amounts payable | 17/49 | €12,837 | €100,071 | +€87,234 | +680% |
| Amounts payable within one year | 42/48 | €12,837 | €99,956 | +€87,120 | +679% |
| Trade debts | 44 | €3,628 | €8,075 | +€4,447 | +123% |
| Suppliers | 440/4 | €3,628 | €8,075 | +€4,447 | +123% |
| Taxes, remuneration and social security | 45 | €1,177 | €3,305 | +€2,128 | +181% |
| Taxes | 450/3 | €1,177 | €3,305 | +€2,128 | +181% |
| Other amounts payable | 47/48 | €8,032 | €88,576 | +€80,544 | +1,003% |
| Accrued charges and deferred income | 492/3 | - | €114 | +€114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €393 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €66,615 | €92,262 | +€25,647 | +38.5% |
| Operating profit (loss) | 9901 | €65,717 | €91,349 | +€25,632 | +39.0% |
| Financial income | 75/76B | €2,177 | €716 | -€1,461 | -67.1% |
| Recurring financial income | 75 | €2,177 | €716 | -€1,461 | -67.1% |
| Financial charges | 65/66B | €57 | €242 | +€185 | +326% |
| Recurring financial charges | 65 | €57 | €242 | +€185 | +326% |
| Profit (loss) for the period before taxes | 9903 | €67,837 | €91,823 | +€23,986 | +35.4% |
| Income taxes | 67/77 | €14,596 | €20,455 | +€5,859 | +40.1% |
| Profit (loss) for the period | 9904 | €53,241 | €71,368 | +€18,127 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,241 | €71,368 | +€18,127 | +34.0% |
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 14 October 2026 via checked.be.