ADVALVA: 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.
ADVALVA
Largest movements
- Cash -€19,933
down €19,933 (-39.0%), from €51,113 to €31,180
mainly Net result for the year (-€21,263) and Receivables within one year (-€2,903)
- Receivables within one year +€2,903
up €2,903 (+28.7%), from €10,118 to €13,021
of which Trade receivables: +€3,323
- Tangible fixed assets -€702
down €702 (-32.3%), from €2,170 to €1,468
of which Plant, machinery and equipment: -€400
- Reserves -€14,464
down €14,464 (-39.4%), from €36,756 to €22,292
- Profit (loss) carried forward -€6,799
no longer reported in 2025 (was €6,799)
- Tax, wage and social debts +€1,918
up €1,918 (+109.4%), from €1,753 to €3,672
of which Remuneration and social security: +€1,769
- Other debts +€1,447
up €1,447 (+14.5%), from €10,009 to €11,456
- Gross operating margin +€4,720
up €4,720 (+22.7%), from -€20,817 to -€16,097
- Other operating charges -€1,682
down €1,682 (-52.3%), from €3,213 to €1,532
- Depreciation +€288
up €288 (+69.8%), from €413 to €702
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 | €67,941 | €50,090 | -€17,851 | -26.3% |
| Fixed assets | 21/28 | €4,120 | €3,418 | -€702 | -17.0% |
| Tangible fixed assets | 22/27 | €2,170 | €1,468 | -€702 | -32.3% |
| Plant, machinery and equipment | 23 | €1,278 | €878 | -€400 | -31.3% |
| Furniture and vehicles | 24 | €892 | €590 | -€302 | -33.8% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €63,822 | €46,672 | -€17,150 | -26.9% |
| Amounts receivable within one year | 40/41 | €10,118 | €13,021 | +€2,903 | +28.7% |
| Trade receivables | 40 | €9,675 | €12,998 | +€3,323 | +34.3% |
| Other amounts receivable | 41 | €444 | €24 | -€420 | -94.7% |
| Cash at bank and in hand | 54/58 | €51,113 | €31,180 | -€19,933 | -39.0% |
| Deferred charges and accrued income | 490/1 | €2,591 | €2,471 | -€120 | -4.6% |
| Total equity and liabilities | 10/49 | €67,941 | €50,090 | -€17,851 | -26.3% |
| Equity | 10/15 | €55,955 | €34,692 | -€21,263 | -38.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,756 | €22,292 | -€14,464 | -39.4% |
| Distributable reserves | 133 | €36,756 | €22,292 | -€14,464 | -39.4% |
| Profit (loss) carried forward | 14 | €6,799 | - | -€6,799 | |
| Amounts payable | 17/49 | €11,987 | €15,398 | +€3,411 | +28.5% |
| Amounts payable within one year | 42/48 | €11,987 | €15,398 | +€3,411 | +28.5% |
| Trade debts | 44 | €225 | €271 | +€46 | +20.6% |
| Suppliers | 440/4 | €225 | €271 | +€46 | +20.6% |
| Taxes, remuneration and social security | 45 | €1,753 | €3,672 | +€1,918 | +109.4% |
| Taxes | 450/3 | €1,753 | €1,903 | +€149 | +8.5% |
| Remuneration and social security | 454/9 | - | €1,769 | +€1,769 | |
| Other amounts payable | 47/48 | €10,009 | €11,456 | +€1,447 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €413 | €702 | +€288 | +69.8% |
| Other operating charges | 640/8 | €3,213 | €1,532 | -€1,682 | -52.3% |
| Non-recurring operating charges | 66A | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | -€20,817 | -€16,097 | +€4,720 | +22.7% |
| Operating profit (loss) | 9901 | -€24,444 | -€20,830 | +€3,613 | +14.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €270 | €215 | -€54 | -20.1% |
| Recurring financial charges | 65 | €270 | €215 | -€54 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,713 | -€21,046 | +€3,668 | +14.8% |
| Income taxes | 67/77 | €211 | €217 | +€7 | +3.1% |
| Profit (loss) for the period | 9904 | -€24,924 | -€21,263 | +€3,661 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,924 | -€21,263 | +€3,661 | +14.7% |
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 4 October 2026 via checked.be.