ADAVANU: 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.
ADAVANU
Largest movements
- Financial fixed assets +€3,164
up €3,164 (+20.5%), from €15,436 to €18,600
- Deferred charges and accrued income -€2,028
down €2,028 (-66.8%), from €3,035 to €1,007
- Other debts +€6,645
up €6,645 (+6.7%), from €99,010 to €105,655
- Profit (loss) carried forward -€6,380
down €6,380 (-3.1%), from -€208,102 to -€214,481
- Financial income +€5,107
up €5,107 (+1205.9%), from €424 to €5,531
- Gross operating margin -€4,771
down €4,771 (-181.8%), from -€2,624 to -€7,395
- Turnover -€3,488
down €3,488 (-31.5%), from €11,083 to €7,594
- Financial charges +€3,018
up €3,018 (+572.3%), from €527 to €3,545
- Depreciation -€1,538
down €1,538 (-77.3%), from €1,989 to €451
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.
Cash bridge derived
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 | €49,875 | €50,265 | +€390 | +0.8% |
| Fixed assets | 21/28 | €41,968 | €44,681 | +€2,713 | +6.5% |
| Intangible fixed assets | 21 | €25,000 | €25,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,532 | €1,081 | -€451 | -29.4% |
| Plant, machinery and equipment | 23 | €1,522 | €1,071 | -€451 | -29.6% |
| Furniture and vehicles | 24 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €15,436 | €18,600 | +€3,164 | +20.5% |
| Current assets | 29/58 | €7,908 | €5,584 | -€2,323 | -29.4% |
| Amounts receivable within one year | 40/41 | €4,723 | €4,431 | -€292 | -6.2% |
| Trade receivables | 40 | €1,046 | €729 | -€317 | -30.3% |
| Other amounts receivable | 41 | €3,677 | €3,702 | +€26 | +0.7% |
| Cash at bank and in hand | 54/58 | €150 | €146 | -€4 | -2.6% |
| Deferred charges and accrued income | 490/1 | €3,035 | €1,007 | -€2,028 | -66.8% |
| Total equity and liabilities | 10/49 | €49,875 | €50,265 | +€390 | +0.8% |
| Equity | 10/15 | -€50,869 | -€57,249 | -€6,380 | -12.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €19,733 | €19,733 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,102 | -€214,481 | -€6,380 | -3.1% |
| Amounts payable | 17/49 | €100,744 | €107,514 | +€6,770 | +6.7% |
| Amounts payable within one year | 42/48 | €100,686 | €107,477 | +€6,791 | +6.7% |
| Trade debts | 44 | €1,280 | €1,445 | +€165 | +12.9% |
| Suppliers | 440/4 | €1,280 | €1,445 | +€165 | +12.9% |
| Taxes, remuneration and social security | 45 | €396 | €377 | -€19 | -4.9% |
| Taxes | 450/3 | €396 | €377 | -€19 | -4.9% |
| Other amounts payable | 47/48 | €99,010 | €105,655 | +€6,645 | +6.7% |
| Accrued charges and deferred income | 492/3 | €58 | €37 | -€21 | -36.7% |
| Turnover | 70 | €11,083 | €7,594 | -€3,488 | -31.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,200 | €15,960 | -€241 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €451 | -€1,538 | -77.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,624 | -€7,395 | -€4,771 | -181.8% |
| Operating profit (loss) | 9901 | -€5,118 | -€8,365 | -€3,247 | -63.5% |
| Financial income | 75/76B | €424 | €5,531 | +€5,107 | +1205.9% |
| Recurring financial income | 75 | €424 | €5,531 | +€5,107 | +1205.9% |
| Financial charges | 65/66B | €527 | €3,545 | +€3,018 | +572.3% |
| Recurring financial charges | 65 | €527 | €3,545 | +€3,018 | +572.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,222 | -€6,380 | -€1,158 | -22.2% |
| Profit (loss) for the period | 9904 | -€5,222 | -€6,380 | -€1,158 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,222 | -€6,380 | -€1,158 | -22.2% |
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 10 October 2026 via checked.be.