ADVANCED GLOBAL PROCUREMENT: 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 GLOBAL PROCUREMENT
Largest movements
- Cash -€67,699
down €67,699 (-82.0%), from €82,554 to €14,855
mainly Contributions, distributions and other (-€62,000) and Deferred charges and accrued income (-€40,608)
- Deferred charges and accrued income +€40,608
up €40,608 (+4779.7%), from €850 to €41,458
- Receivables within one year -€23,925
down €23,925 (-58.6%), from €40,856 to €16,931
of which Other amounts receivable: -€19,567
- Tangible fixed assets +€2,846
up €2,846 (+2.0%), from €141,924 to €144,770
of which Other tangible fixed assets: +€15,335
- Reserves -€58,263
down €58,263 (-30.6%), from €190,581 to €132,318
- Other debts +€39,538
new in 2025: €39,538
- Tax, wage and social debts -€27,859
down €27,859 (-91.6%), from €30,402 to €2,543
of which Taxes: -€27,884
- Debts after one year -€8,691
down €8,691 (-56.4%), from €15,403 to €6,713
- Trade debts +€3,670
up €3,670 (+150.7%), from €2,435 to €6,105
- Gross operating margin -€53,012
down €53,012 (-58.7%), from €90,253 to €37,241
- Taxes -€16,577
down €16,577 (-84.2%), from €19,693 to €3,116
- Depreciation +€8,240
up €8,240 (+40.9%), from €20,165 to €28,404
- Financial income -€1,230
down €1,230 (-95.8%), from €1,284 to €53
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 | €268,904 | €219,774 | -€49,131 | -18.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €144,644 | €146,530 | +€1,886 | +1.3% |
| Intangible fixed assets | 21 | €2,720 | €1,760 | -€960 | -35.3% |
| Tangible fixed assets | 22/27 | €141,924 | €144,770 | +€2,846 | +2.0% |
| Plant, machinery and equipment | 23 | €2,734 | €2,003 | -€731 | -26.7% |
| Furniture and vehicles | 24 | €66,691 | €54,933 | -€11,758 | -17.6% |
| Other tangible fixed assets | 26 | €72,499 | €87,834 | +€15,335 | +21.2% |
| Current assets | 29/58 | €124,260 | €73,244 | -€51,017 | -41.1% |
| Amounts receivable within one year | 40/41 | €40,856 | €16,931 | -€23,925 | -58.6% |
| Trade receivables | 40 | €16,618 | €12,259 | -€4,359 | -26.2% |
| Other amounts receivable | 41 | €24,238 | €4,671 | -€19,567 | -80.7% |
| Cash at bank and in hand | 54/58 | €82,554 | €14,855 | -€67,699 | -82.0% |
| Deferred charges and accrued income | 490/1 | €850 | €41,458 | +€40,608 | +4779.7% |
| Total equity and liabilities | 10/49 | €268,904 | €219,774 | -€49,131 | -18.3% |
| Equity | 10/15 | €210,581 | €152,318 | -€58,263 | -27.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €190,581 | €132,318 | -€58,263 | -30.6% |
| Distributable reserves | 133 | €190,581 | €132,318 | -€58,263 | -30.6% |
| Amounts payable | 17/49 | €58,323 | €67,455 | +€9,132 | +15.7% |
| Amounts payable after more than one year | 17 | €15,403 | €6,713 | -€8,691 | -56.4% |
| Financial debts | 170/4 | €15,403 | €6,713 | -€8,691 | -56.4% |
| Amounts payable within one year | 42/48 | €42,655 | €60,282 | +€17,628 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €9,818 | €12,096 | +€2,277 | +23.2% |
| Trade debts | 44 | €2,435 | €6,105 | +€3,670 | +150.7% |
| Suppliers | 440/4 | €2,435 | €6,105 | +€3,670 | +150.7% |
| Taxes, remuneration and social security | 45 | €30,402 | €2,543 | -€27,859 | -91.6% |
| Taxes | 450/3 | €27,884 | - | -€27,884 | |
| Remuneration and social security | 454/9 | €2,518 | €2,543 | +€25 | +1.0% |
| Other amounts payable | 47/48 | - | €39,538 | +€39,538 | |
| Accrued charges and deferred income | 492/3 | €265 | €460 | +€195 | +73.7% |
| Non-recurring operating income | 76A | €13,082 | - | -€13,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,165 | €28,404 | +€8,240 | +40.9% |
| Other operating charges | 640/8 | €1,127 | €659 | -€468 | -41.5% |
| Gross operating margin | 9900 | €90,253 | €37,241 | -€53,012 | -58.7% |
| Operating profit (loss) | 9901 | €68,961 | €8,178 | -€60,784 | -88.1% |
| Financial income | 75/76B | €1,284 | €53 | -€1,230 | -95.8% |
| Recurring financial income | 75 | €1,284 | €53 | -€1,230 | -95.8% |
| Financial charges | 65/66B | €1,261 | €1,378 | +€118 | +9.3% |
| Recurring financial charges | 65 | €1,261 | €1,378 | +€118 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €68,985 | €6,853 | -€62,132 | -90.1% |
| Income taxes | 67/77 | €19,693 | €3,116 | -€16,577 | -84.2% |
| Profit (loss) for the period | 9904 | €49,292 | €3,737 | -€45,555 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,292 | €3,737 | -€45,555 | -92.4% |
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 7 October 2026 via checked.be.