ADVAHUL: 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.
ADVAHUL
Largest movements
- Cash +€56,785
up €56,785 (+60.7%), from €93,587 to €150,372
mainly Net result for the year (+€52,084) and Depreciation (+€12,606)
- Tangible fixed assets -€10,896
down €10,896 (-34.5%), from €31,559 to €20,664
of which Furniture and vehicles: -€11,467
- Receivables within one year +€2,429
up €2,429 (+15.7%), from €15,434 to €17,864
of which Trade receivables: +€3,386
- Reserves +€51,250
new in 2026: €51,250
- Tax, wage and social debts +€11,731
up €11,731 (+119%), from €9,894 to €21,625
- Debts after one year -€8,798
down €8,798 (-56.4%), from €15,612 to €6,815
- Trade debts -€6,377
down €6,377 (-69.4%), from €9,196 to €2,818
- Gross operating margin +€26,168
up €26,168 (+43.6%), from €60,058 to €86,226
- Taxes +€9,983
up €9,983 (+104%), from €9,633 to €19,616
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,679 | €188,899 | +€48,220 | +34.3% |
| Fixed assets | 21/28 | €31,559 | €20,664 | -€10,896 | -34.5% |
| Tangible fixed assets | 22/27 | €31,559 | €20,664 | -€10,896 | -34.5% |
| Furniture and vehicles | 24 | €27,967 | €16,500 | -€11,467 | -41.0% |
| Other tangible fixed assets | 26 | €3,593 | €4,163 | +€571 | +15.9% |
| Current assets | 29/58 | €109,119 | €168,236 | +€59,116 | +54.2% |
| Amounts receivable within one year | 40/41 | €15,434 | €17,864 | +€2,429 | +15.7% |
| Trade receivables | 40 | €14,478 | €17,864 | +€3,386 | +23.4% |
| Other amounts receivable | 41 | €956 | €0 | -€956 | -100% |
| Cash at bank and in hand | 54/58 | €93,587 | €150,372 | +€56,785 | +60.7% |
| Deferred charges and accrued income | 490/1 | €98 | €0 | -€98 | -100% |
| Total equity and liabilities | 10/49 | €140,679 | €188,899 | +€48,220 | +34.3% |
| Equity | 10/15 | €90,954 | €142,205 | +€51,251 | +56.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €51,250 | +€51,250 | |
| Distributable reserves | 133 | - | €51,250 | +€51,250 | |
| Profit (loss) carried forward | 14 | €87,954 | €87,955 | +€1 | 0.0% |
| Amounts payable | 17/49 | €49,725 | €46,694 | -€3,030 | -6.1% |
| Amounts payable after more than one year | 17 | €15,612 | €6,815 | -€8,798 | -56.4% |
| Financial debts | 170/4 | €15,612 | €6,815 | -€8,798 | -56.4% |
| Amounts payable within one year | 42/48 | €28,129 | €33,928 | +€5,799 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €8,480 | €8,798 | +€318 | +3.8% |
| Trade debts | 44 | €9,196 | €2,818 | -€6,377 | -69.4% |
| Suppliers | 440/4 | €9,196 | €2,818 | -€6,377 | -69.4% |
| Taxes, remuneration and social security | 45 | €9,894 | €21,625 | +€11,731 | +119% |
| Taxes | 450/3 | €9,894 | €21,625 | +€11,731 | +119% |
| Other amounts payable | 47/48 | €560 | €687 | +€127 | +22.7% |
| Accrued charges and deferred income | 492/3 | €5,983 | €5,951 | -€32 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,023 | €12,606 | +€583 | +4.8% |
| Other operating charges | 640/8 | €739 | €979 | +€241 | +32.6% |
| Gross operating margin | 9900 | €60,058 | €86,226 | +€26,168 | +43.6% |
| Operating profit (loss) | 9901 | €47,296 | €72,641 | +€25,345 | +53.6% |
| Financial income | 75/76B | €826 | €10 | -€816 | -98.8% |
| Recurring financial income | 75 | €826 | €10 | -€816 | -98.8% |
| Financial charges | 65/66B | €1,312 | €950 | -€362 | -27.6% |
| Recurring financial charges | 65 | €1,312 | €950 | -€362 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €46,809 | €71,700 | +€24,891 | +53.2% |
| Income taxes | 67/77 | €9,633 | €19,616 | +€9,983 | +104% |
| Profit (loss) for the period | 9904 | €37,176 | €52,084 | +€14,908 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,176 | €52,084 | +€14,908 | +40.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.