Active 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.
Active Advisory
Largest movements
- Tangible fixed assets +€32,273
up €32,273 (+576%), from €5,606 to €37,880
of which Land and buildings: +€34,450
- Current investments -€19,895
down €19,895 (-39.8%), from €50,000 to €30,105
- Receivables within one year -€11,349
down €11,349 (-40.3%), from €28,193 to €16,844
of which Trade receivables: -€11,990
- Cash +€6,850
up €6,850 (+19.4%), from €35,284 to €42,134
mainly Net result for the year (+€43,924) and Debts after one year (+€22,525)
- Deferred charges and accrued income +€2,025
up €2,025 (+179%), from €1,133 to €3,158
- Other debts -€53,536
down €53,536 (-58.8%), from €91,073 to €37,536
- Profit (loss) carried forward +€43,924
new in 2025: €43,924
- Debts after one year +€22,525
new in 2025: €22,525
- Tax, wage and social debts -€8,779
down €8,779 (-39.1%), from €22,466 to €13,687
- Current portion of long-term debt +€5,641
new in 2025: €5,641
- Gross operating margin -€48,446
down €48,446 (-40.6%), from €119,211 to €70,765
- Taxes -€14,224
down €14,224 (-54.4%), from €26,128 to €11,904
- Other operating charges +€4,008
up €4,008 (+637%), from €629 to €4,637
- Financial charges +€3,983
up €3,983 (+712%), from €560 to €4,542
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 | €120,217 | €130,182 | +€9,965 | +8.3% |
| Fixed assets | 21/28 | €5,606 | €37,941 | +€32,334 | +577% |
| Tangible fixed assets | 22/27 | €5,606 | €37,880 | +€32,273 | +576% |
| Land and buildings | 22 | - | €34,450 | +€34,450 | |
| Furniture and vehicles | 24 | €672 | €3,430 | +€2,759 | +411% |
| Other tangible fixed assets | 26 | €4,935 | - | -€4,935 | |
| Financial fixed assets | 28 | - | €61 | +€61 | |
| Current assets | 29/58 | €114,610 | €92,241 | -€22,369 | -19.5% |
| Amounts receivable within one year | 40/41 | €28,193 | €16,844 | -€11,349 | -40.3% |
| Trade receivables | 40 | €28,193 | €16,203 | -€11,990 | -42.5% |
| Other amounts receivable | 41 | - | €641 | +€641 | |
| Current investments | 50/53 | €50,000 | €30,105 | -€19,895 | -39.8% |
| Cash at bank and in hand | 54/58 | €35,284 | €42,134 | +€6,850 | +19.4% |
| Deferred charges and accrued income | 490/1 | €1,133 | €3,158 | +€2,025 | +179% |
| Total equity and liabilities | 10/49 | €120,217 | €130,182 | +€9,965 | +8.3% |
| Equity | 10/15 | €5,000 | €48,924 | +€43,924 | +878% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €43,924 | +€43,924 | |
| Amounts payable | 17/49 | €115,217 | €81,258 | -€33,959 | -29.5% |
| Amounts payable after more than one year | 17 | - | €22,525 | +€22,525 | |
| Financial debts | 170/4 | - | €22,525 | +€22,525 | |
| Amounts payable within one year | 42/48 | €115,217 | €58,733 | -€56,483 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,641 | +€5,641 | |
| Financial debts | 43 | €82 | €126 | +€45 | +55.0% |
| Credit institutions | 430/8 | €82 | €126 | +€45 | +55.0% |
| Trade debts | 44 | €1,597 | €1,742 | +€145 | +9.1% |
| Suppliers | 440/4 | €1,597 | €1,742 | +€145 | +9.1% |
| Taxes, remuneration and social security | 45 | €22,466 | €13,687 | -€8,779 | -39.1% |
| Taxes | 450/3 | €22,466 | €13,687 | -€8,779 | -39.1% |
| Other amounts payable | 47/48 | €91,073 | €37,536 | -€53,536 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,756 | €972 | -€784 | -44.6% |
| Other operating charges | 640/8 | €629 | €4,637 | +€4,008 | +637% |
| Non-recurring operating charges | 66A | - | €4,935 | +€4,935 | |
| Gross operating margin | 9900 | €119,211 | €70,765 | -€48,446 | -40.6% |
| Operating profit (loss) | 9901 | €116,826 | €60,220 | -€56,606 | -48.5% |
| Financial income | 75/76B | €1 | €149 | +€148 | +14,700% |
| Recurring financial income | 75 | €1 | €149 | +€148 | +14,700% |
| Financial charges | 65/66B | €560 | €4,542 | +€3,983 | +712% |
| Recurring financial charges | 65 | €560 | €4,542 | +€3,983 | +712% |
| Profit (loss) for the period before taxes | 9903 | €116,268 | €55,828 | -€60,440 | -52.0% |
| Income taxes | 67/77 | €26,128 | €11,904 | -€14,224 | -54.4% |
| Profit (loss) for the period | 9904 | €90,140 | €43,924 | -€46,216 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,140 | €43,924 | -€46,216 | -51.3% |
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 21 October 2026 via checked.be.