ADVANCO: 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.
ADVANCO
Largest movements
- Deferred charges and accrued income -€645,594
down €645,594 (-72.7%), from €888,256 to €242,662
- Tangible fixed assets +€345,545
up €345,545 (+1,169%), from €29,567 to €375,112
of which Assets under construction and advance payments: +€359,313
- Receivables within one year +€126,310
up €126,310 (+6.1%), from €2.1m to €2.2m
of which Other amounts receivable: +€228,787
- Other debts +€448,214
up €448,214 (+60.8%), from €737,442 to €1.2m
- Accrued charges and deferred income -€326,091
down €326,091 (-28.6%), from €1.1m to €816,007
- Reserves -€167,974
down €167,974 (-62.1%), from €270,363 to €102,389
of which Distributable reserves: -€167,974
- Trade debts -€98,613
down €98,613 (-37.2%), from €264,733 to €166,120
- Staff costs -€382,503
down €382,503 (-44.2%), from €866,045 to €483,543
- Gross operating margin -€54,873
down €54,873 (-15.0%), from €365,099 to €310,226
- Financial income -€20,207
down €20,207 (-28.8%), from €70,147 to €49,940
- Financial charges +€13,035
up €13,035 (+88.1%), from €14,790 to €27,825
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.
Derived cash bridge
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 | €2,985,876 | €2,812,142 | -€173,734 | -5.8% |
| Fixed assets | 21/28 | €38,457 | €383,652 | +€345,195 | +898% |
| Tangible fixed assets | 22/27 | €29,567 | €375,112 | +€345,545 | +1,169% |
| Furniture and vehicles | 24 | €3,362 | €1,241 | -€2,121 | -63.1% |
| Leasing and similar rights | 25 | €26,205 | €14,558 | -€11,647 | -44.4% |
| Assets under construction and advance payments | 27 | - | €359,313 | +€359,313 | |
| Financial fixed assets | 28 | €8,890 | €8,540 | -€350 | -3.9% |
| Current assets | 29/58 | €2,947,420 | €2,428,490 | -€518,929 | -17.6% |
| Amounts receivable within one year | 40/41 | €2,055,922 | €2,182,232 | +€126,310 | +6.1% |
| Trade receivables | 40 | €487,048 | €384,571 | -€102,477 | -21.0% |
| Other amounts receivable | 41 | €1,568,874 | €1,797,661 | +€228,787 | +14.6% |
| Cash at bank and in hand | 54/58 | €3,241 | €3,595 | +€355 | +10.9% |
| Deferred charges and accrued income | 490/1 | €888,256 | €242,662 | -€645,594 | -72.7% |
| Total equity and liabilities | 10/49 | €2,985,876 | €2,812,142 | -€173,734 | -5.8% |
| Equity | 10/15 | €750,066 | €582,092 | -€167,974 | -22.4% |
| Contributions | 10/11 | €479,703 | €479,703 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Contributions outside capital | 11 | €179,703 | €179,703 | = | 0.0% |
| Share premium | 1100/10 | €179,703 | €179,703 | = | 0.0% |
| Reserves | 13 | €270,363 | €102,389 | -€167,974 | -62.1% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €221,613 | €53,639 | -€167,974 | -75.8% |
| Amounts payable | 17/49 | €2,235,810 | €2,230,050 | -€5,760 | -0.3% |
| Amounts payable after more than one year | 17 | €15,493 | €4,817 | -€10,676 | -68.9% |
| Financial debts | 170/4 | €15,493 | €4,817 | -€10,676 | -68.9% |
| Amounts payable within one year | 42/48 | €1,078,219 | €1,409,225 | +€331,006 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €42,328 | €40,755 | -€1,572 | -3.7% |
| Trade debts | 44 | €264,733 | €166,120 | -€98,613 | -37.2% |
| Suppliers | 440/4 | €264,733 | €166,120 | -€98,613 | -37.2% |
| Taxes, remuneration and social security | 45 | €33,717 | €16,694 | -€17,023 | -50.5% |
| Taxes | 450/3 | €413 | €446 | +€32 | +7.8% |
| Remuneration and social security | 454/9 | €33,304 | €16,249 | -€17,055 | -51.2% |
| Other amounts payable | 47/48 | €737,442 | €1,185,656 | +€448,214 | +60.8% |
| Accrued charges and deferred income | 492/3 | €1,142,098 | €816,007 | -€326,091 | -28.6% |
| Non-recurring operating income | 76A | - | €22,216 | +€22,216 | |
| Remuneration, social security and pensions | 62 | €866,045 | €483,543 | -€382,503 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,231 | €13,768 | -€1,463 | -9.6% |
| Other operating charges | 640/8 | €3,027 | €2,558 | -€468 | -15.5% |
| Non-recurring operating charges | 66A | €38,259 | - | -€38,259 | |
| Gross operating margin | 9900 | €365,099 | €310,226 | -€54,873 | -15.0% |
| Operating profit (loss) | 9901 | -€557,463 | -€189,643 | +€367,820 | +66.0% |
| Financial income | 75/76B | €70,147 | €49,940 | -€20,207 | -28.8% |
| Recurring financial income | 75 | €70,147 | €49,940 | -€20,207 | -28.8% |
| Financial charges | 65/66B | €14,790 | €27,825 | +€13,035 | +88.1% |
| Recurring financial charges | 65 | €14,790 | €27,825 | +€13,035 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | -€502,106 | -€167,528 | +€334,578 | +66.6% |
| Income taxes | 67/77 | €889 | €446 | -€444 | -49.9% |
| Profit (loss) for the period | 9904 | -€502,996 | -€167,974 | +€335,022 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€502,996 | -€167,974 | +€335,022 | +66.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.