ADVEBO: 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.
ADVEBO
Largest movements
- Cash +€27,418
up €27,418 (+62.2%), from €44,051 to €71,469
mainly Net result for the year (+€29,633) and Receivables within one year (+€9,899)
- Receivables within one year -€9,899
down €9,899 (-50.7%), from €19,513 to €9,614
of which Trade receivables: -€9,949
- Tangible fixed assets -€5,521
down €5,521 (-14.7%), from €37,568 to €32,047
- Reserves +€22,600
up €22,600 (+19.4%), from €116,280 to €138,880
of which Distributable reserves: +€22,600
- Current portion of long-term debt -€8,788
down €8,788 (-82.8%), from €10,616 to €1,828
- Profit (loss) carried forward -€3,967
down €3,967 (-24.7%), from €16,063 to €12,096
- Trade debts +€3,574
up €3,574 (+1281.0%), from €279 to €3,853
- Debts after one year -€2,726
no longer reported in 2025 (was €2,726)
- Gross operating margin -€2,723
down €2,723 (-5.2%), from €52,813 to €50,090
- Financial income -€1,315
down €1,315 (-82.5%), from €1,593 to €278
- Taxes -€1,158
down €1,158 (-8.8%), from €13,191 to €12,033
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 | €185,637 | €197,606 | +€11,969 | +6.4% |
| Fixed assets | 21/28 | €38,286 | €32,765 | -€5,521 | -14.4% |
| Tangible fixed assets | 22/27 | €37,568 | €32,047 | -€5,521 | -14.7% |
| Furniture and vehicles | 24 | €37,568 | €32,047 | -€5,521 | -14.7% |
| Financial fixed assets | 28 | €718 | €718 | = | 0.0% |
| Current assets | 29/58 | €147,351 | €164,841 | +€17,490 | +11.9% |
| Amounts receivable within one year | 40/41 | €19,513 | €9,614 | -€9,899 | -50.7% |
| Trade receivables | 40 | €19,513 | €9,564 | -€9,949 | -51.0% |
| Other amounts receivable | 41 | - | €50 | +€50 | |
| Current investments | 50/53 | €80,255 | €80,254 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €44,051 | €71,469 | +€27,418 | +62.2% |
| Deferred charges and accrued income | 490/1 | €3,532 | €3,504 | -€28 | -0.8% |
| Total equity and liabilities | 10/49 | €185,637 | €197,606 | +€11,969 | +6.4% |
| Equity | 10/15 | €150,943 | €169,576 | +€18,633 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €116,280 | €138,880 | +€22,600 | +19.4% |
| Non-distributable reserves | 130/1 | €1,980 | €1,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,980 | €1,980 | = | 0.0% |
| Distributable reserves | 133 | €114,300 | €136,900 | +€22,600 | +19.8% |
| Profit (loss) carried forward | 14 | €16,063 | €12,096 | -€3,967 | -24.7% |
| Amounts payable | 17/49 | €34,694 | €28,030 | -€6,664 | -19.2% |
| Amounts payable after more than one year | 17 | €2,726 | - | -€2,726 | |
| Financial debts | 170/4 | €2,726 | - | -€2,726 | |
| Amounts payable within one year | 42/48 | €31,968 | €28,030 | -€3,938 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €10,616 | €1,828 | -€8,788 | -82.8% |
| Financial debts | 43 | - | €2,537 | +€2,537 | |
| Other loans | 439 | - | €2,537 | +€2,537 | |
| Trade debts | 44 | €279 | €3,853 | +€3,574 | +1281.0% |
| Suppliers | 440/4 | €279 | €3,853 | +€3,574 | +1281.0% |
| Taxes, remuneration and social security | 45 | €5,373 | €3,862 | -€1,511 | -28.1% |
| Taxes | 450/3 | €5,373 | €3,862 | -€1,511 | -28.1% |
| Other amounts payable | 47/48 | €15,700 | €15,950 | +€250 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,021 | €7,545 | +€524 | +7.5% |
| Other operating charges | 640/8 | €717 | €664 | -€53 | -7.4% |
| Gross operating margin | 9900 | €52,813 | €50,090 | -€2,723 | -5.2% |
| Operating profit (loss) | 9901 | €45,075 | €41,881 | -€3,194 | -7.1% |
| Financial income | 75/76B | €1,593 | €278 | -€1,315 | -82.5% |
| Recurring financial income | 75 | €1,593 | €278 | -€1,315 | -82.5% |
| Financial charges | 65/66B | €607 | €493 | -€114 | -18.8% |
| Recurring financial charges | 65 | €607 | €493 | -€114 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €46,061 | €41,666 | -€4,395 | -9.5% |
| Income taxes | 67/77 | €13,191 | €12,033 | -€1,158 | -8.8% |
| Profit (loss) for the period | 9904 | €32,870 | €29,633 | -€3,237 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,870 | €29,633 | -€3,237 | -9.8% |
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 11 October 2026 via checked.be.