ADVANTIUS: 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.
ADVANTIUS
Largest movements
- Cash +€187,718
up €187,718 (+155.1%), from €121,046 to €308,765
mainly Net result for the year (+€134,820) and Tax, wage and social debts (+€48,077)
- Current investments +€44,000
up €44,000 (+169.2%), from €26,000 to €70,000
- Receivables within one year -€22,923
down €22,923 (-23.0%), from €99,634 to €76,711
- Tangible fixed assets -€8,933
down €8,933 (-25.4%), from €35,219 to €26,286
- Reserves +€135,000
up €135,000 (+71.7%), from €188,300 to €323,300
- Tax, wage and social debts +€48,077
up €48,077 (+95.5%), from €50,338 to €98,415
of which Taxes: +€45,590
- Other debts +€13,169
up €13,169 (+53.5%), from €24,596 to €37,764
- Trade debts +€5,216
up €5,216 (+35.3%), from €14,792 to €20,007
- Write-downs -€26,706
down €26,706 (-74.2%), from €35,974 to €9,268
- Gross operating margin -€8,596
down €8,596 (-3.2%), from €271,535 to €262,939
- Staff costs +€6,006
up €6,006 (+10.3%), from €58,512 to €64,517
- Taxes +€2,762
up €2,762 (+7.3%), from €37,824 to €40,586
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 | €287,041 | €491,179 | +€204,137 | +71.1% |
| Fixed assets | 21/28 | €35,552 | €26,286 | -€9,266 | -26.1% |
| Intangible fixed assets | 21 | €333 | €0 | -€333 | -100.0% |
| Tangible fixed assets | 22/27 | €35,219 | €26,286 | -€8,933 | -25.4% |
| Plant, machinery and equipment | 23 | €2,547 | €0 | -€2,547 | -100.0% |
| Furniture and vehicles | 24 | €5,866 | €2,732 | -€3,134 | -53.4% |
| Other tangible fixed assets | 26 | €26,806 | €23,554 | -€3,251 | -12.1% |
| Current assets | 29/58 | €251,490 | €464,893 | +€213,403 | +84.9% |
| Amounts receivable within one year | 40/41 | €99,634 | €76,711 | -€22,923 | -23.0% |
| Trade receivables | 40 | €99,634 | €76,711 | -€22,923 | -23.0% |
| Current investments | 50/53 | €26,000 | €70,000 | +€44,000 | +169.2% |
| Cash at bank and in hand | 54/58 | €121,046 | €308,765 | +€187,718 | +155.1% |
| Deferred charges and accrued income | 490/1 | €4,809 | €9,416 | +€4,608 | +95.8% |
| Total equity and liabilities | 10/49 | €287,041 | €491,179 | +€204,137 | +71.1% |
| Equity | 10/15 | €193,648 | €328,469 | +€134,820 | +69.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €188,300 | €323,300 | +€135,000 | +71.7% |
| Distributable reserves | 133 | €188,300 | €323,300 | +€135,000 | +71.7% |
| Profit (loss) carried forward | 14 | €348 | €169 | -€180 | -51.6% |
| Amounts payable | 17/49 | €93,393 | €162,710 | +€69,317 | +74.2% |
| Amounts payable within one year | 42/48 | €93,367 | €160,502 | +€67,136 | +71.9% |
| Trade debts | 44 | €14,792 | €20,007 | +€5,216 | +35.3% |
| Suppliers | 440/4 | €14,792 | €20,007 | +€5,216 | +35.3% |
| Advances received on contracts in progress | 46 | €3,641 | €4,316 | +€674 | +18.5% |
| Taxes, remuneration and social security | 45 | €50,338 | €98,415 | +€48,077 | +95.5% |
| Taxes | 450/3 | €43,377 | €88,966 | +€45,590 | +105.1% |
| Remuneration and social security | 454/9 | €6,961 | €9,449 | +€2,488 | +35.7% |
| Other amounts payable | 47/48 | €24,596 | €37,764 | +€13,169 | +53.5% |
| Accrued charges and deferred income | 492/3 | €26 | €2,208 | +€2,181 | +8252.4% |
| Remuneration, social security and pensions | 62 | €58,512 | €64,517 | +€6,006 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,725 | €11,347 | +€1,621 | +16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,974 | €9,268 | -€26,706 | -74.2% |
| Other operating charges | 640/8 | €778 | €1,851 | +€1,073 | +137.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €271,535 | €262,939 | -€8,596 | -3.2% |
| Operating profit (loss) | 9901 | €166,546 | €175,956 | +€9,410 | +5.6% |
| Financial income | 75/76B | €756 | €2,202 | +€1,447 | +191.5% |
| Recurring financial income | 75 | €756 | €2,202 | +€1,447 | +191.5% |
| Financial charges | 65/66B | €301 | €2,751 | +€2,450 | +814.9% |
| Recurring financial charges | 65 | €301 | €2,751 | +€2,450 | +814.9% |
| Profit (loss) for the period before taxes | 9903 | €167,001 | €175,407 | +€8,406 | +5.0% |
| Income taxes | 67/77 | €37,824 | €40,586 | +€2,762 | +7.3% |
| Profit (loss) for the period | 9904 | €129,176 | €134,820 | +€5,644 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,176 | €134,820 | +€5,644 | +4.4% |
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 12 October 2026 via checked.be.