Ad'venir: 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.
Ad'venir
Largest movements
- Cash -€178,429
down €178,429 (-57.1%), from €312,556 to €134,127
mainly Other debts (-€159,486) and Contributions, distributions and other (-€90,000)
- Deferred charges and accrued income -€12,824
down €12,824 (-98.6%), from €13,007 to €183
- Receivables within one year +€10,603
new in 2025: €10,603
of which Trade receivables: +€6,179
- Tangible fixed assets +€5,663
new in 2025: €5,663
- Other debts -€159,486
down €159,486 (-63.7%), from €250,181 to €90,695
- Trade debts -€12,740
down €12,740 (-87.9%), from €14,496 to €1,756
- Tax, wage and social debts -€10,676
no longer reported in 2025 (was €10,676)
of which Taxes: -€8,176
- Profit (loss) carried forward +€7,915
up €7,915 (+23.8%), from €33,210 to €41,125
- Gross operating margin -€16,069
down €16,069 (-11.5%), from €140,183 to €124,114
- Taxes -€1,940
down €1,940 (-7.0%), from €27,591 to €25,651
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 | €325,563 | €150,576 | -€174,987 | -53.7% |
| Fixed assets | 21/28 | - | €5,663 | +€5,663 | |
| Tangible fixed assets | 22/27 | - | €5,663 | +€5,663 | |
| Plant, machinery and equipment | 23 | - | €5,663 | +€5,663 | |
| Current assets | 29/58 | €325,563 | €144,913 | -€180,650 | -55.5% |
| Amounts receivable within one year | 40/41 | - | €10,603 | +€10,603 | |
| Trade receivables | 40 | - | €6,179 | +€6,179 | |
| Other amounts receivable | 41 | - | €4,424 | +€4,424 | |
| Cash at bank and in hand | 54/58 | €312,556 | €134,127 | -€178,429 | -57.1% |
| Deferred charges and accrued income | 490/1 | €13,007 | €183 | -€12,824 | -98.6% |
| Total equity and liabilities | 10/49 | €325,563 | €150,576 | -€174,987 | -53.7% |
| Equity | 10/15 | €50,210 | €58,125 | +€7,915 | +15.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,210 | €41,125 | +€7,915 | +23.8% |
| Amounts payable | 17/49 | €275,353 | €92,451 | -€182,902 | -66.4% |
| Amounts payable within one year | 42/48 | €275,353 | €92,451 | -€182,902 | -66.4% |
| Trade debts | 44 | €14,496 | €1,756 | -€12,740 | -87.9% |
| Suppliers | 440/4 | €14,496 | €1,756 | -€12,740 | -87.9% |
| Taxes, remuneration and social security | 45 | €10,676 | - | -€10,676 | |
| Taxes | 450/3 | €8,176 | - | -€8,176 | |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €250,181 | €90,695 | -€159,486 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €37 | +€37 | |
| Other operating charges | 640/8 | €387 | €466 | +€79 | +20.4% |
| Gross operating margin | 9900 | €140,183 | €124,114 | -€16,069 | -11.5% |
| Operating profit (loss) | 9901 | €139,796 | €123,611 | -€16,185 | -11.6% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €139,751 | €123,566 | -€16,185 | -11.6% |
| Income taxes | 67/77 | €27,591 | €25,651 | -€1,940 | -7.0% |
| Profit (loss) for the period | 9904 | €112,160 | €97,915 | -€14,245 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,160 | €97,915 | -€14,245 | -12.7% |
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 18 October 2026 via checked.be.