ADVANCED FAIR: 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.
ADVANCED FAIR
Largest movements
- Financial fixed assets +€77,129
up €77,129 (+102.8%), from €75,000 to €152,129
- Current investments -€62,000
no longer reported in 2025 (was €62,000)
- Receivables within one year -€38,289
down €38,289 (-8.3%), from €459,844 to €421,556
of which Trade receivables: -€36,948
- Cash +€33,408
up €33,408 (+19.7%), from €169,213 to €202,621
mainly Net result for the year (+€85,686) and Current investments (+€62,000)
- Receivables after one year -€24,583
down €24,583 (-54.1%), from €45,417 to €20,833
- Accrued charges and deferred income -€108,330
down €108,330 (-54.9%), from €197,332 to €89,002
- Other debts +€50,000
up €50,000 (+162495.9%), from €31 to €50,031
- Reserves +€35,686
up €35,686 (+12.7%), from €281,087 to €316,772
of which Distributable reserves: +€35,686
- Current portion of long-term debt -€20,530
no longer reported in 2025 (was €20,530)
- Gross operating margin +€48,686
up €48,686 (+8.1%), from €597,849 to €646,534
- Staff costs -€26,450
down €26,450 (-4.8%), from €545,943 to €519,493
- Taxes +€16,359
up €16,359 (+81.5%), from €20,063 to €36,422
- Financial income -€10,070
down €10,070 (-45.6%), from €22,095 to €12,026
- Depreciation -€6,516
down €6,516 (-31.8%), from €20,460 to €13,944
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 | €866,110 | €828,746 | -€37,363 | -4.3% |
| Fixed assets | 21/28 | €101,860 | €166,692 | +€64,833 | +63.6% |
| Tangible fixed assets | 22/27 | €26,860 | €14,563 | -€12,296 | -45.8% |
| Furniture and vehicles | 24 | €26,860 | €14,563 | -€12,296 | -45.8% |
| Financial fixed assets | 28 | €75,000 | €152,129 | +€77,129 | +102.8% |
| Current assets | 29/58 | €764,250 | €662,054 | -€102,196 | -13.4% |
| Amounts receivable after more than one year | 29 | €45,417 | €20,833 | -€24,583 | -54.1% |
| Trade receivables | 290 | €45,417 | €20,833 | -€24,583 | -54.1% |
| Amounts receivable within one year | 40/41 | €459,844 | €421,556 | -€38,289 | -8.3% |
| Trade receivables | 40 | €454,879 | €417,931 | -€36,948 | -8.1% |
| Other amounts receivable | 41 | €4,965 | €3,625 | -€1,341 | -27.0% |
| Current investments | 50/53 | €62,000 | - | -€62,000 | |
| Cash at bank and in hand | 54/58 | €169,213 | €202,621 | +€33,408 | +19.7% |
| Deferred charges and accrued income | 490/1 | €27,776 | €17,044 | -€10,732 | -38.6% |
| Total equity and liabilities | 10/49 | €866,110 | €828,746 | -€37,363 | -4.3% |
| Equity | 10/15 | €343,087 | €378,772 | +€35,686 | +10.4% |
| 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 | €281,087 | €316,772 | +€35,686 | +12.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €274,887 | €310,572 | +€35,686 | +13.0% |
| Amounts payable | 17/49 | €523,023 | €449,974 | -€73,049 | -14.0% |
| Amounts payable after more than one year | 17 | - | €5,000 | +€5,000 | |
| Other amounts payable | 178/9 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €325,691 | €355,972 | +€30,281 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €20,530 | - | -€20,530 | |
| Trade debts | 44 | €205,136 | €201,006 | -€4,130 | -2.0% |
| Suppliers | 440/4 | €205,136 | €201,006 | -€4,130 | -2.0% |
| Advances received on contracts in progress | 46 | €3,312 | €3,312 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €96,683 | €101,623 | +€4,940 | +5.1% |
| Taxes | 450/3 | €39,973 | €51,547 | +€11,574 | +29.0% |
| Remuneration and social security | 454/9 | €56,710 | €50,076 | -€6,635 | -11.7% |
| Other amounts payable | 47/48 | €31 | €50,031 | +€50,000 | +162495.9% |
| Accrued charges and deferred income | 492/3 | €197,332 | €89,002 | -€108,330 | -54.9% |
| Remuneration, social security and pensions | 62 | €545,943 | €519,493 | -€26,450 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,460 | €13,944 | -€6,516 | -31.8% |
| Other operating charges | 640/8 | €1,121 | €1,874 | +€753 | +67.2% |
| Gross operating margin | 9900 | €597,849 | €646,534 | +€48,686 | +8.1% |
| Operating profit (loss) | 9901 | €30,324 | €111,223 | +€80,899 | +266.8% |
| Financial income | 75/76B | €22,095 | €12,026 | -€10,070 | -45.6% |
| Recurring financial income | 75 | €22,095 | €12,026 | -€10,070 | -45.6% |
| Financial charges | 65/66B | €3,131 | €1,140 | -€1,990 | -63.6% |
| Recurring financial charges | 65 | €3,131 | €1,140 | -€1,990 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €49,289 | €122,108 | +€72,819 | +147.7% |
| Income taxes | 67/77 | €20,063 | €36,422 | +€16,359 | +81.5% |
| Profit (loss) for the period | 9904 | €29,226 | €85,686 | +€56,460 | +193.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,226 | €85,686 | +€56,460 | +193.2% |
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.