A & L 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.
What changed
A & L ADVISORY
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€114,985
2024 · -€123,525+€8,540
Equity
€461,582
2024 · €576,568-€114,985
Cash
€5,942
2024 · €1,941+€4,001
Balance sheet total
€4.1m
2024 · €4.1m-€59,578
Largest movements
Assets
- Tangible fixed assets -€80,319
down €80,319 (-2.0%), from €4.1m to €4.0m
of which Land and buildings: -€54,421
Equity and liabilities
- Accrued charges and deferred income +€86,238
up €86,238 (+43.9%), from €196,478 to €282,716
- Profit (loss) carried forward -€60,255
down €60,255 (-48.0%), from €125,598 to €65,342
- Reserves -€54,730
down €54,730 (-41.3%), from €132,370 to €77,640
of which Tax-exempt reserves: -€54,730
Income statement
- Gross operating margin +€31,639
up €31,639 (+39.2%), from €80,814 to €112,453
- Other operating charges +€19,877
up €19,877 (+346%), from €5,745 to €25,622
- Depreciation +€5,729
up €5,729 (+7.9%), from €72,483 to €78,212
- Financial income +€4,599
up €4,599 (+484%), from €951 to €5,550
- Staff costs +€2,873
up €2,873 (+8.1%), from €35,282 to €38,155
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.
Result 2024
-€123,525
Gross operating margin
+€31,639
Staff costs
-€2,873
Depreciation
-€5,729
Other operating charges
-€19,877
Financial income
+€4,599
Financial charges
+€1,229
Taxes
-€450
Result 2025
-€114,985
raises the resultlowers the result
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.
From operations
+€35,558
Investment
+€2,106
Financing
-€33,664
Cash 2024
€1,941
From operations (derived)
+€35,558
Net result for the year
-€114,985
Depreciation
+€78,212
Receivables within one year
-€18,169
Deferred charges and accrued income
+€1,429
Trade debts
+€1,132
Tax, wage and social debts
+€10,437
Other debts
-€8,736
Accrued charges and deferred income
+€86,238
Investment (derived)
+€2,106
Investment in fixed assets (net)
+€2,106
Financing
-€33,664
Debts after one year
-€13,585
Current portion of long-term debt
-€20,079
Cash 2025
€5,942
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,116,378 | €4,056,801 | -€59,578 | -1.4% |
| Fixed assets | 21/28 | €4,055,305 | €3,974,986 | -€80,319 | -2.0% |
| Tangible fixed assets | 22/27 | €4,054,401 | €3,974,082 | -€80,319 | -2.0% |
| Land and buildings | 22 | €3,599,726 | €3,545,305 | -€54,421 | -1.5% |
| Plant, machinery and equipment | 23 | - | €427 | +€427 | |
| Furniture and vehicles | 24 | €81,408 | €55,083 | -€26,325 | -32.3% |
| Assets under construction and advance payments | 27 | €373,267 | €373,267 | = | 0.0% |
| Financial fixed assets | 28 | €905 | €905 | = | 0.0% |
| Current assets | 29/58 | €61,073 | €81,814 | +€20,741 | +34.0% |
| Amounts receivable within one year | 40/41 | €47,328 | €65,497 | +€18,169 | +38.4% |
| Trade receivables | 40 | €3,245 | €46,087 | +€42,843 | +1,320% |
| Other amounts receivable | 41 | €44,083 | €19,410 | -€24,674 | -56.0% |
| Cash at bank and in hand | 54/58 | €1,941 | €5,942 | +€4,001 | +206% |
| Deferred charges and accrued income | 490/1 | €11,804 | €10,375 | -€1,429 | -12.1% |
| Total equity and liabilities | 10/49 | €4,116,378 | €4,056,801 | -€59,578 | -1.4% |
| Equity | 10/15 | €576,568 | €461,582 | -€114,985 | -19.9% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €132,370 | €77,640 | -€54,730 | -41.3% |
| Tax-exempt reserves | 132 | €54,730 | - | -€54,730 | |
| Distributable reserves | 133 | €77,640 | €77,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,598 | €65,342 | -€60,255 | -48.0% |
| Amounts payable | 17/49 | €3,539,811 | €3,595,218 | +€55,407 | +1.6% |
| Amounts payable after more than one year | 17 | €1,518,231 | €1,504,645 | -€13,585 | -0.9% |
| Financial debts | 170/4 | €1,518,231 | €1,504,645 | -€13,585 | -0.9% |
| Amounts payable within one year | 42/48 | €1,825,103 | €1,807,857 | -€17,245 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €33,664 | €13,585 | -€20,079 | -59.6% |
| Trade debts | 44 | €27,649 | €28,781 | +€1,132 | +4.1% |
| Suppliers | 440/4 | €27,649 | €28,781 | +€1,132 | +4.1% |
| Taxes, remuneration and social security | 45 | €4,565 | €15,002 | +€10,437 | +229% |
| Taxes | 450/3 | €803 | €8,264 | +€7,461 | +929% |
| Remuneration and social security | 454/9 | €3,762 | €6,737 | +€2,976 | +79.1% |
| Other amounts payable | 47/48 | €1,759,225 | €1,750,489 | -€8,736 | -0.5% |
| Accrued charges and deferred income | 492/3 | €196,478 | €282,716 | +€86,238 | +43.9% |
| Remuneration, social security and pensions | 62 | €35,282 | €38,155 | +€2,873 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,483 | €78,212 | +€5,729 | +7.9% |
| Other operating charges | 640/8 | €5,745 | €25,622 | +€19,877 | +346% |
| Gross operating margin | 9900 | €80,814 | €112,453 | +€31,639 | +39.2% |
| Operating profit (loss) | 9901 | -€32,696 | -€29,536 | +€3,160 | +9.7% |
| Financial income | 75/76B | €951 | €5,550 | +€4,599 | +484% |
| Recurring financial income | 75 | €951 | €5,550 | +€4,599 | +484% |
| Financial charges | 65/66B | €91,189 | €89,959 | -€1,229 | -1.3% |
| Recurring financial charges | 65 | €91,189 | €89,959 | -€1,229 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€122,934 | -€113,945 | +€8,989 | +7.3% |
| Income taxes | 67/77 | €590 | €1,040 | +€450 | +76.2% |
| Profit (loss) for the period | 9904 | -€123,525 | -€114,985 | +€8,540 | +6.9% |
| Transfer from tax-exempt reserves | 789 | €75,780 | €54,730 | -€21,050 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,745 | -€60,255 | -€12,510 | -26.2% |
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 23 October 2026 via checked.be.