ADVASO: 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.
ADVASO
Largest movements
- Intangible fixed assets -€73,217
down €73,217 (-15.4%), from €474,134 to €400,917
- Receivables within one year +€49,316
up €49,316 (+555.5%), from €8,877 to €58,194
- Tangible fixed assets -€32,260
down €32,260 (-4.4%), from €729,706 to €697,446
of which Land and buildings: -€29,137
- Debts after one year -€111,446
down €111,446 (-11.6%), from €960,220 to €848,774
- Trade debts +€35,914
up €35,914 (+76.0%), from €47,225 to €83,140
- Short-term financial debts +€31,887
up €31,887 (+107.0%), from €29,806 to €61,693
- Tax, wage and social debts +€18,177
up €18,177 (+49.2%), from €36,942 to €55,118
- Profit (loss) carried forward -€17,285
down €17,285 (-57.1%), from €30,261 to €12,976
- Staff costs +€88,663
up €88,663 (+22.7%), from €390,558 to €479,221
- Gross operating margin +€62,778
up €62,778 (+11.3%), from €553,340 to €616,118
- Depreciation +€13,823
up €13,823 (+12.5%), from €110,184 to €124,007
- Other operating charges -€8,194
down €8,194 (-43.3%), from €18,920 to €10,726
- Taxes -€7,541
down €7,541 (-65.1%), from €11,583 to €4,042
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 | €1,318,696 | €1,267,461 | -€51,235 | -3.9% |
| Fixed assets | 21/28 | €1,204,590 | €1,099,113 | -€105,477 | -8.8% |
| Intangible fixed assets | 21 | €474,134 | €400,917 | -€73,217 | -15.4% |
| Tangible fixed assets | 22/27 | €729,706 | €697,446 | -€32,260 | -4.4% |
| Land and buildings | 22 | €667,171 | €638,033 | -€29,137 | -4.4% |
| Plant, machinery and equipment | 23 | €26,102 | €21,475 | -€4,627 | -17.7% |
| Furniture and vehicles | 24 | €36,434 | €37,938 | +€1,504 | +4.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €114,106 | €168,348 | +€54,242 | +47.5% |
| Amounts receivable within one year | 40/41 | €8,877 | €58,194 | +€49,316 | +555.5% |
| Other amounts receivable | 41 | €8,877 | €58,194 | +€49,316 | +555.5% |
| Cash at bank and in hand | 54/58 | €123 | €368 | +€245 | +198.8% |
| Deferred charges and accrued income | 490/1 | €105,106 | €109,786 | +€4,681 | +4.5% |
| Total equity and liabilities | 10/49 | €1,318,696 | €1,267,461 | -€51,235 | -3.9% |
| Equity | 10/15 | €98,733 | €68,440 | -€30,293 | -30.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €48,472 | €35,464 | -€13,008 | -26.8% |
| Non-distributable reserves | 130/1 | €759 | €759 | = | 0.0% |
| Reserves not available under the articles | 1311 | €759 | €759 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,712 | €34,705 | -€13,008 | -27.3% |
| Profit (loss) carried forward | 14 | €30,261 | €12,976 | -€17,285 | -57.1% |
| Provisions and deferred taxes | 16 | €11,928 | €8,676 | -€3,252 | -27.3% |
| Deferred taxes | 168 | €11,928 | €8,676 | -€3,252 | -27.3% |
| Amounts payable | 17/49 | €1,208,035 | €1,190,345 | -€17,690 | -1.5% |
| Amounts payable after more than one year | 17 | €960,220 | €848,774 | -€111,446 | -11.6% |
| Financial debts | 170/4 | €960,220 | €848,774 | -€111,446 | -11.6% |
| Amounts payable within one year | 42/48 | €247,816 | €332,345 | +€84,530 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €129,393 | €132,394 | +€3,001 | +2.3% |
| Financial debts | 43 | €29,806 | €61,693 | +€31,887 | +107.0% |
| Credit institutions | 430/8 | €29,806 | €61,693 | +€31,887 | +107.0% |
| Trade debts | 44 | €47,225 | €83,140 | +€35,914 | +76.0% |
| Suppliers | 440/4 | €47,225 | €83,140 | +€35,914 | +76.0% |
| Taxes, remuneration and social security | 45 | €36,942 | €55,118 | +€18,177 | +49.2% |
| Remuneration and social security | 454/9 | €36,942 | €55,118 | +€18,177 | +49.2% |
| Other amounts payable | 47/48 | €4,450 | - | -€4,450 | |
| Accrued charges and deferred income | 492/3 | - | €9,226 | +€9,226 | |
| Remuneration, social security and pensions | 62 | €390,558 | €479,221 | +€88,663 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,184 | €124,007 | +€13,823 | +12.5% |
| Other operating charges | 640/8 | €18,920 | €10,726 | -€8,194 | -43.3% |
| Gross operating margin | 9900 | €553,340 | €616,118 | +€62,778 | +11.3% |
| Operating profit (loss) | 9901 | €33,679 | €2,165 | -€31,514 | -93.6% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €27,421 | €31,667 | +€4,246 | +15.5% |
| Recurring financial charges | 65 | €27,421 | €31,667 | +€4,246 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €6,260 | -€29,502 | -€35,763 | |
| Transfer from deferred taxes | 780 | €3,252 | €3,252 | = | 0.0% |
| Income taxes | 67/77 | €11,583 | €4,042 | -€7,541 | -65.1% |
| Profit (loss) for the period | 9904 | -€2,071 | -€30,293 | -€28,221 | -1362.5% |
| Transfer from tax-exempt reserves | 789 | €13,008 | €13,008 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,936 | -€17,285 | -€28,221 |
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 4 October 2026 via checked.be.