AD VISIE: 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 VISIE
Largest movements
- Tangible fixed assets -€13,363
down €13,363 (-8.0%), from €166,368 to €153,005
of which Land and buildings: -€10,899
- Cash +€2,852
up €2,852 (+46.2%), from €6,168 to €9,020
mainly Net result for the year (+€14,605) and Depreciation (+€13,363)
- Debts after one year -€21,178
down €21,178 (-100%), from €21,178 to €0
- Profit (loss) carried forward +€7,768
up €7,768, from -€7,768 to €0
- Reserves +€6,836
new in 2025: €6,836
- Current portion of long-term debt -€6,551
down €6,551 (-23.6%), from €27,729 to €21,178
- Tax, wage and social debts +€3,119
up €3,119 (+94.8%), from €3,291 to €6,410
- Gross operating margin +€4,252
up €4,252 (+12.4%), from €34,419 to €38,671
- Taxes +€2,200
up €2,200 (+52.2%), from €4,211 to €6,410
- Financial charges -€804
down €804 (-76.1%), from €1,056 to €252
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 | €172,536 | €162,025 | -€10,511 | -6.1% |
| Fixed assets | 21/28 | €166,368 | €153,005 | -€13,363 | -8.0% |
| Tangible fixed assets | 22/27 | €166,368 | €153,005 | -€13,363 | -8.0% |
| Land and buildings | 22 | €156,176 | €145,278 | -€10,899 | -7.0% |
| Plant, machinery and equipment | 23 | €10,192 | €7,727 | -€2,465 | -24.2% |
| Current assets | 29/58 | €6,168 | €9,020 | +€2,852 | +46.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,168 | €9,020 | +€2,852 | +46.2% |
| Total equity and liabilities | 10/49 | €172,536 | €162,025 | -€10,511 | -6.1% |
| Equity | 10/15 | €10,824 | €25,428 | +€14,605 | +135% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | - | €6,836 | +€6,836 | |
| Distributable reserves | 133 | - | €6,836 | +€6,836 | |
| Profit (loss) carried forward | 14 | -€7,768 | €0 | +€7,768 | |
| Amounts payable | 17/49 | €161,712 | €136,596 | -€25,116 | -15.5% |
| Amounts payable after more than one year | 17 | €21,178 | €0 | -€21,178 | -100% |
| Financial debts | 170/4 | €21,178 | €0 | -€21,178 | -100% |
| Amounts payable within one year | 42/48 | €140,137 | €136,197 | -€3,940 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €27,729 | €21,178 | -€6,551 | -23.6% |
| Trade debts | 44 | €508 | €0 | -€508 | -100% |
| Suppliers | 440/4 | €508 | €0 | -€508 | -100% |
| Taxes, remuneration and social security | 45 | €3,291 | €6,410 | +€3,119 | +94.8% |
| Taxes | 450/3 | €3,291 | €6,410 | +€3,119 | +94.8% |
| Other amounts payable | 47/48 | €108,609 | €108,609 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €397 | €400 | +€3 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,363 | €13,363 | = | 0.0% |
| Other operating charges | 640/8 | €3,942 | €4,042 | +€100 | +2.5% |
| Gross operating margin | 9900 | €34,419 | €38,671 | +€4,252 | +12.4% |
| Operating profit (loss) | 9901 | €17,114 | €21,267 | +€4,153 | +24.3% |
| Financial charges | 65/66B | €1,056 | €252 | -€804 | -76.1% |
| Recurring financial charges | 65 | €1,056 | €252 | -€804 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €16,058 | €21,015 | +€4,957 | +30.9% |
| Income taxes | 67/77 | €4,211 | €6,410 | +€2,200 | +52.2% |
| Profit (loss) for the period | 9904 | €11,848 | €14,605 | +€2,757 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,848 | €14,605 | +€2,757 | +23.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.