ADV by HINET: what changed
What changed
ADV by HINET
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€7,643
2024 · €36,954-€29,311
Equity
€345,002
2024 · €337,359+€7,643
Cash
€104,159
2024 · €77,719+€26,439
Balance sheet total
€1.9m
2024 · €1.4m+€444,084
Largest movements
Assets
- Tangible fixed assets +€205,425
up €205,425 (+16.3%), from €1.3m to €1.5m
of which Plant, machinery and equipment: +€227,130
- Receivables within one year +€156,950
up €156,950 (+321%), from €48,880 to €205,830
of which Trade receivables: +€165,438
- Stocks and contracts +€41,400
up €41,400 (+5,520%), from €750 to €42,150
- Cash +€26,439
up €26,439 (+34.0%), from €77,719 to €104,159
mainly Debts after one year (+€286,854) and Trade debts (+€183,932)
Equity and liabilities
- Debts after one year +€286,854
up €286,854 (+42.2%), from €679,500 to €966,354
- Trade debts +€183,932
up €183,932 (+145%), from €126,801 to €310,733
- Tax, wage and social debts -€35,392
down €35,392 (-38.8%), from €91,332 to €55,940
of which Taxes: -€37,013
Income statement
- Other operating charges +€26,784
up €26,784 (+150%), from €17,897 to €44,681
- Financial charges -€22,012
down €22,012 (-26.2%), from €84,092 to €62,080
- Staff costs +€21,932
up €21,932 (+6.7%), from €327,184 to €349,116
- Depreciation +€13,126
up €13,126 (+9.7%), from €134,818 to €147,944
- Taxes -€11,998
down €11,998 (-97.7%), from €12,280 to €282
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,954
Gross operating margin
-€1,411
Staff costs
-€21,932
Depreciation
-€13,126
Other operating charges
-€26,784
Financial income
-€67
Financial charges
+€22,012
Taxes
+€11,998
Result 2025
€7,643
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€79,808
Investment
-€356,482
Financing
+€303,113
Cash 2024
€77,719
From operations (derived)
+€79,808
Net result for the year
+€7,643
Depreciation
+€147,944
Receivables after one year
-€3,783
Stocks and contracts
-€41,400
Receivables within one year
-€156,950
Deferred charges and accrued income
-€6,974
Trade debts
+€183,932
Tax, wage and social debts
-€35,392
Advances received
-€13,290
Other debts
-€3,370
Accrued charges and deferred income
+€1,447
Investment (derived)
-€356,482
Investment in fixed assets (net)
-€356,482
Financing
+€303,113
Debts after one year
+€286,854
Current portion of long-term debt
+€16,259
Cash 2025
€104,159
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,409,585 | €1,853,669 | +€444,084 | +31.5% |
| Fixed assets | 21/28 | €1,260,961 | €1,469,499 | +€208,538 | +16.5% |
| Intangible fixed assets | 21 | - | €3,113 | +€3,113 | |
| Tangible fixed assets | 22/27 | €1,260,961 | €1,466,387 | +€205,425 | +16.3% |
| Land and buildings | 22 | €696,468 | €672,880 | -€23,588 | -3.4% |
| Plant, machinery and equipment | 23 | €483,853 | €710,983 | +€227,130 | +46.9% |
| Furniture and vehicles | 24 | €80,640 | €82,524 | +€1,884 | +2.3% |
| Current assets | 29/58 | €148,624 | €384,170 | +€235,546 | +158% |
| Amounts receivable after more than one year | 29 | €18,298 | €22,080 | +€3,783 | +20.7% |
| Trade receivables | 290 | €18,298 | €22,080 | +€3,783 | +20.7% |
| Stocks and contracts in progress | 3 | €750 | €42,150 | +€41,400 | +5,520% |
| Stocks | 30/36 | €750 | €42,150 | +€41,400 | +5,520% |
| Amounts receivable within one year | 40/41 | €48,880 | €205,830 | +€156,950 | +321% |
| Trade receivables | 40 | €19,346 | €184,784 | +€165,438 | +855% |
| Other amounts receivable | 41 | €29,534 | €21,046 | -€8,488 | -28.7% |
| Cash at bank and in hand | 54/58 | €77,719 | €104,159 | +€26,439 | +34.0% |
| Deferred charges and accrued income | 490/1 | €2,977 | €9,951 | +€6,974 | +234% |
| Total equity and liabilities | 10/49 | €1,409,585 | €1,853,669 | +€444,084 | +31.5% |
| Equity | 10/15 | €337,359 | €345,002 | +€7,643 | +2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,159 | €276,802 | +€7,643 | +2.8% |
| Amounts payable | 17/49 | €1,072,226 | €1,508,667 | +€436,441 | +40.7% |
| Amounts payable after more than one year | 17 | €679,500 | €966,354 | +€286,854 | +42.2% |
| Financial debts | 170/4 | €679,500 | €966,354 | +€286,854 | +42.2% |
| Amounts payable within one year | 42/48 | €392,726 | €540,865 | +€148,140 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €146,398 | €162,656 | +€16,259 | +11.1% |
| Trade debts | 44 | €126,801 | €310,733 | +€183,932 | +145% |
| Suppliers | 440/4 | €126,801 | €310,733 | +€183,932 | +145% |
| Advances received on contracts in progress | 46 | €13,290 | - | -€13,290 | |
| Taxes, remuneration and social security | 45 | €91,332 | €55,940 | -€35,392 | -38.8% |
| Taxes | 450/3 | €52,824 | €15,810 | -€37,013 | -70.1% |
| Remuneration and social security | 454/9 | €38,508 | €40,130 | +€1,622 | +4.2% |
| Other amounts payable | 47/48 | €14,905 | €11,535 | -€3,370 | -22.6% |
| Accrued charges and deferred income | 492/3 | - | €1,447 | +€1,447 | |
| Remuneration, social security and pensions | 62 | €327,184 | €349,116 | +€21,932 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,818 | €147,944 | +€13,126 | +9.7% |
| Other operating charges | 640/8 | €17,897 | €44,681 | +€26,784 | +150% |
| Gross operating margin | 9900 | €613,157 | €611,746 | -€1,411 | -0.2% |
| Operating profit (loss) | 9901 | €133,259 | €70,005 | -€63,254 | -47.5% |
| Financial income | 75/76B | €67 | - | -€67 | |
| Recurring financial income | 75 | €67 | - | -€67 | |
| Financial charges | 65/66B | €84,092 | €62,080 | -€22,012 | -26.2% |
| Recurring financial charges | 65 | €84,092 | €62,080 | -€22,012 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €49,234 | €7,925 | -€41,309 | -83.9% |
| Income taxes | 67/77 | €12,280 | €282 | -€11,998 | -97.7% |
| Profit (loss) for the period | 9904 | €36,954 | €7,643 | -€29,311 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,954 | €7,643 | -€29,311 | -79.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.