ADVAPEBE: 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.
ADVAPEBE
Largest movements
- Receivables within one year +€24,618
up €24,618 (+206%), from €11,933 to €36,550
of which Other amounts receivable: +€27,711
- Cash -€22,714
down €22,714 (-30.0%), from €75,621 to €52,906
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€24,618)
- Tangible fixed assets -€4,052
down €4,052 (-57.5%), from €7,050 to €2,998
of which Furniture and vehicles: -€2,403
- Other debts +€114,610
up €114,610 (+2,126%), from €5,390 to €120,000
- Reserves -€98,892
down €98,892 (-69.4%), from €142,515 to €43,623
- Tax, wage and social debts -€16,748
down €16,748 (-38.1%), from €43,937 to €27,189
- Gross operating margin -€54,088
down €54,088 (-61.6%), from €87,765 to €33,677
- Taxes -€15,459
down €15,459 (-66.2%), from €23,348 to €7,888
- Depreciation +€1,387
up €1,387 (+52.0%), from €2,666 to €4,052
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 | €196,213 | €194,104 | -€2,109 | -1.1% |
| Fixed assets | 21/28 | €7,050 | €2,998 | -€4,052 | -57.5% |
| Tangible fixed assets | 22/27 | €7,050 | €2,998 | -€4,052 | -57.5% |
| Furniture and vehicles | 24 | €5,400 | €2,998 | -€2,403 | -44.5% |
| Other tangible fixed assets | 26 | €1,650 | - | -€1,650 | |
| Current assets | 29/58 | €189,163 | €191,106 | +€1,944 | +1.0% |
| Amounts receivable within one year | 40/41 | €11,933 | €36,550 | +€24,618 | +206% |
| Trade receivables | 40 | €11,933 | €8,839 | -€3,093 | -25.9% |
| Other amounts receivable | 41 | - | €27,711 | +€27,711 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,621 | €52,906 | -€22,714 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,649 | +€40 | +2.5% |
| Total equity and liabilities | 10/49 | €196,213 | €194,104 | -€2,109 | -1.1% |
| Equity | 10/15 | €144,515 | €45,623 | -€98,892 | -68.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €142,515 | €43,623 | -€98,892 | -69.4% |
| Distributable reserves | 133 | €142,515 | €43,623 | -€98,892 | -69.4% |
| Amounts payable | 17/49 | €51,698 | €148,481 | +€96,783 | +187% |
| Amounts payable within one year | 42/48 | €51,311 | €147,736 | +€96,425 | +188% |
| Trade debts | 44 | €1,984 | €547 | -€1,437 | -72.4% |
| Suppliers | 440/4 | €1,984 | €547 | -€1,437 | -72.4% |
| Taxes, remuneration and social security | 45 | €43,937 | €27,189 | -€16,748 | -38.1% |
| Taxes | 450/3 | €43,937 | €27,189 | -€16,748 | -38.1% |
| Other amounts payable | 47/48 | €5,390 | €120,000 | +€114,610 | +2,126% |
| Accrued charges and deferred income | 492/3 | €387 | €745 | +€358 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,666 | €4,052 | +€1,387 | +52.0% |
| Other operating charges | 640/8 | €602 | €484 | -€118 | -19.7% |
| Gross operating margin | 9900 | €87,765 | €33,677 | -€54,088 | -61.6% |
| Operating profit (loss) | 9901 | €84,497 | €29,141 | -€55,356 | -65.5% |
| Financial income | 75/76B | €92 | €792 | +€700 | +758% |
| Recurring financial income | 75 | €92 | €792 | +€700 | +758% |
| Financial charges | 65/66B | €972 | €936 | -€35 | -3.6% |
| Recurring financial charges | 65 | €972 | €936 | -€35 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €83,618 | €28,996 | -€54,621 | -65.3% |
| Income taxes | 67/77 | €23,348 | €7,888 | -€15,459 | -66.2% |
| Profit (loss) for the period | 9904 | €60,270 | €21,108 | -€39,162 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,270 | €21,108 | -€39,162 | -65.0% |
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 28 October 2026 via checked.be.