ADV: what changed
Two fiscal 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.
ADV
Largest movements
- Stocks and contracts +€530,000
new in 2025: €530,000
- Cash +€9,547
up €9,547 (+2452.0%), from €389 to €9,936
mainly Trade debts (+€530,000) and Other debts (+€11,089)
- Trade debts +€530,000
new in 2025: €530,000
- Other debts +€11,089
up €11,089 (+13.6%), from €81,451 to €92,540
- Gross operating margin +€328
up €328 (+32.3%), from -€1,017 to -€689
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €389 | €539,936 | +€539,547 | +138572.8% |
| Current assets | 29/58 | €389 | €539,936 | +€539,547 | +138572.8% |
| Stocks and contracts in progress | 3 | - | €530,000 | +€530,000 | |
| Stocks | 30/36 | - | €530,000 | +€530,000 | |
| Cash at bank and in hand | 54/58 | €389 | €9,936 | +€9,547 | +2452.0% |
| Total equity and liabilities | 10/49 | €389 | €539,936 | +€539,547 | +138572.8% |
| Equity | 10/15 | -€81,062 | -€82,604 | -€1,542 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €841 | €0 | -€841 | -100.0% |
| Distributable reserves | 133 | €841 | €0 | -€841 | -100.0% |
| Profit (loss) carried forward | 14 | -€100,503 | -€101,204 | -€700 | -0.7% |
| Amounts payable | 17/49 | €81,451 | €622,540 | +€541,089 | +664.3% |
| Amounts payable within one year | 42/48 | €81,451 | €622,540 | +€541,089 | +664.3% |
| Trade debts | 44 | - | €530,000 | +€530,000 | |
| Suppliers | 440/4 | - | €530,000 | +€530,000 | |
| Other amounts payable | 47/48 | €81,451 | €92,540 | +€11,089 | +13.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,017 | -€689 | +€328 | +32.3% |
| Operating profit (loss) | 9901 | -€1,404 | -€1,089 | +€316 | +22.5% |
| Financial charges | 65/66B | €452 | €453 | +€2 | +0.3% |
| Recurring financial charges | 65 | €452 | €453 | +€2 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,856 | -€1,542 | +€314 | +16.9% |
| Profit (loss) for the period | 9904 | -€1,856 | -€1,542 | +€314 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,856 | -€1,542 | +€314 | +16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.