ADVALOREM FINANCE: 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.
ADVALOREM FINANCE
Largest movements
- Cash -€3,967
down €3,967 (-23.3%), from €17,001 to €13,035
mainly Net result for the year (-€7,256) and Other debts (-€93)
- Tangible fixed assets -€606
down €606 (-55.1%), from €1,099 to €493
of which Furniture and vehicles: -€365
- Receivables within one year -€546
down €546 (-91.2%), from €599 to €53
- Profit (loss) carried forward -€7,256
down €7,256 (-5.7%), from -€127,313 to -€134,568
- Tax, wage and social debts +€2,230
up €2,230 (+826.7%), from €270 to €2,500
of which Remuneration and social security: +€2,500
- Gross operating margin -€4,694
down €4,694 (-240.1%), from -€1,955 to -€6,650
- Financial income -€196
down €196 (-100.0%), from €196 to €0
- Financial charges -€126
down €126 (-100.0%), from €126 to €0
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 | €18,699 | €13,580 | -€5,119 | -27.4% |
| Fixed assets | 21/28 | €1,099 | €493 | -€606 | -55.1% |
| Tangible fixed assets | 22/27 | €1,099 | €493 | -€606 | -55.1% |
| Plant, machinery and equipment | 23 | €482 | €241 | -€241 | -50.0% |
| Furniture and vehicles | 24 | €617 | €252 | -€365 | -59.2% |
| Current assets | 29/58 | €17,600 | €13,087 | -€4,513 | -25.6% |
| Amounts receivable within one year | 40/41 | €599 | €53 | -€546 | -91.2% |
| Other amounts receivable | 41 | €599 | €53 | -€546 | -91.2% |
| Cash at bank and in hand | 54/58 | €17,001 | €13,035 | -€3,967 | -23.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €18,699 | €13,580 | -€5,119 | -27.4% |
| Equity | 10/15 | -€85,078 | -€92,333 | -€7,256 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,635 | €23,635 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,775 | €21,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,313 | -€134,568 | -€7,256 | -5.7% |
| Amounts payable | 17/49 | €103,777 | €105,914 | +€2,137 | +2.1% |
| Amounts payable within one year | 42/48 | €103,777 | €105,914 | +€2,137 | +2.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €270 | €2,500 | +€2,230 | +826.7% |
| Taxes | 450/3 | €270 | €0 | -€270 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €103,507 | €103,414 | -€93 | -0.1% |
| Non-recurring operating income | 76A | €10,651 | €0 | -€10,651 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €606 | €606 | = | 0.0% |
| Gross operating margin | 9900 | -€1,955 | -€6,650 | -€4,694 | -240.1% |
| Operating profit (loss) | 9901 | -€2,561 | -€7,256 | -€4,694 | -183.3% |
| Financial income | 75/76B | €196 | €0 | -€196 | -100.0% |
| Recurring financial income | 75 | €196 | €0 | -€196 | -100.0% |
| Financial charges | 65/66B | €126 | €0 | -€126 | -100.0% |
| Recurring financial charges | 65 | €126 | €0 | -€126 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,492 | -€7,256 | -€4,764 | -191.2% |
| Income taxes | 67/77 | €59 | €0 | -€59 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,550 | -€7,256 | -€4,705 | -184.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,550 | -€7,256 | -€4,705 | -184.5% |
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 8 October 2026 via checked.be.