Advel: 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.
Advel
Largest movements
- Cash +€28,340
up €28,340 (+97.9%), from €28,960 to €57,301
mainly Net result for the year (+€16,192) and Receivables within one year (+€13,317)
- Receivables within one year -€13,317
no longer reported in 2025 (was €13,317)
of which Trade receivables: -€13,000
- Tangible fixed assets +€12,186
up €12,186 (+18.6%), from €65,567 to €77,753
of which Furniture and vehicles: +€12,673
- Reserves +€16,192
up €16,192 (+57.3%), from €28,242 to €44,434
- Other debts +€12,086
up €12,086 (+229%), from €5,282 to €17,368
- Debts after one year -€5,300
down €5,300 (-10.1%), from €52,430 to €47,130
- Trade debts +€2,793
up €2,793 (+332%), from €840 to €3,633
- Gross operating margin -€9,792
down €9,792 (-23.8%), from €41,155 to €31,363
- Taxes -€3,700
down €3,700 (-36.6%), from €10,100 to €6,400
- Depreciation +€3,520
up €3,520 (+212%), from €1,662 to €5,183
- Financial charges +€2,202
up €2,202 (+188%), from €1,169 to €3,371
- Other operating charges +€507
new in 2025: €507
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 | €107,844 | €135,053 | +€27,209 | +25.2% |
| Fixed assets | 21/28 | €65,567 | €77,753 | +€12,186 | +18.6% |
| Tangible fixed assets | 22/27 | €65,567 | €77,753 | +€12,186 | +18.6% |
| Land and buildings | 22 | €65,567 | €65,080 | -€487 | -0.7% |
| Furniture and vehicles | 24 | - | €12,673 | +€12,673 | |
| Current assets | 29/58 | €42,277 | €57,301 | +€15,023 | +35.5% |
| Amounts receivable within one year | 40/41 | €13,317 | - | -€13,317 | |
| Trade receivables | 40 | €13,000 | - | -€13,000 | |
| Other amounts receivable | 41 | €317 | - | -€317 | |
| Cash at bank and in hand | 54/58 | €28,960 | €57,301 | +€28,340 | +97.9% |
| Total equity and liabilities | 10/49 | €107,844 | €135,053 | +€27,209 | +25.2% |
| Equity | 10/15 | €33,242 | €49,434 | +€16,192 | +48.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,242 | €44,434 | +€16,192 | +57.3% |
| Distributable reserves | 133 | €28,242 | €44,434 | +€16,192 | +57.3% |
| Amounts payable | 17/49 | €74,602 | €85,619 | +€11,017 | +14.8% |
| Amounts payable after more than one year | 17 | €52,430 | €47,130 | -€5,300 | -10.1% |
| Financial debts | 170/4 | €52,430 | €47,130 | -€5,300 | -10.1% |
| Amounts payable within one year | 42/48 | €21,313 | €36,967 | +€15,654 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €5,096 | €5,300 | +€204 | +4.0% |
| Trade debts | 44 | €840 | €3,633 | +€2,793 | +332% |
| Suppliers | 440/4 | €840 | €3,633 | +€2,793 | +332% |
| Taxes, remuneration and social security | 45 | €10,094 | €10,666 | +€571 | +5.7% |
| Taxes | 450/3 | €10,094 | €10,666 | +€571 | +5.7% |
| Other amounts payable | 47/48 | €5,282 | €17,368 | +€12,086 | +229% |
| Accrued charges and deferred income | 492/3 | €859 | €1,523 | +€664 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,662 | €5,183 | +€3,520 | +212% |
| Other operating charges | 640/8 | - | €507 | +€507 | |
| Gross operating margin | 9900 | €41,155 | €31,363 | -€9,792 | -23.8% |
| Operating profit (loss) | 9901 | €39,492 | €25,673 | -€13,819 | -35.0% |
| Financial income | 75/76B | €19 | €289 | +€270 | +1,421% |
| Recurring financial income | 75 | €19 | €289 | +€270 | +1,421% |
| Financial charges | 65/66B | €1,169 | €3,371 | +€2,202 | +188% |
| Recurring financial charges | 65 | €1,169 | €3,371 | +€2,202 | +188% |
| Profit (loss) for the period before taxes | 9903 | €38,342 | €22,592 | -€15,751 | -41.1% |
| Income taxes | 67/77 | €10,100 | €6,400 | -€3,700 | -36.6% |
| Profit (loss) for the period | 9904 | €28,242 | €16,192 | -€12,051 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,242 | €16,192 | -€12,051 | -42.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.