ADVENIS: 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.
ADVENIS
Largest movements
- Cash -€181,752
down €181,752 (-71.0%), from €256,066 to €74,314
mainly Contributions, distributions and other (-€105,750) and Accrued charges and deferred income (-€90,744)
- Tangible fixed assets -€43,099
down €43,099 (-3.8%), from €1.1m to €1.1m
of which Land and buildings: -€33,180
- Current investments +€40,000
up €40,000 (+16.0%), from €250,000 to €290,000
- Reserves -€92,530
down €92,530 (-7.4%), from €1.2m to €1.2m
- Accrued charges and deferred income -€90,744
down €90,744 (-98.5%), from €92,169 to €1,425
- Tax, wage and social debts +€17,533
up €17,533 (+799%), from €2,193 to €19,726
- Gross operating margin -€70,580
down €70,580 (-46.2%), from €152,784 to €82,204
- Taxes -€19,639
down €19,639 (-71.3%), from €27,542 to €7,903
- Other operating charges -€1,564
down €1,564 (-32.6%), from €4,797 to €3,232
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,132 | €1,528,246 | -€168,886 | -10.0% |
| Fixed assets | 21/28 | €1,149,150 | €1,106,051 | -€43,099 | -3.8% |
| Tangible fixed assets | 22/27 | €1,149,150 | €1,106,051 | -€43,099 | -3.8% |
| Land and buildings | 22 | €1,045,354 | €1,012,174 | -€33,180 | -3.2% |
| Plant, machinery and equipment | 23 | €5,386 | €3,993 | -€1,393 | -25.9% |
| Furniture and vehicles | 24 | €95,786 | €71,145 | -€24,641 | -25.7% |
| Other tangible fixed assets | 26 | €2,624 | €918 | -€1,705 | -65.0% |
| Assets under construction and advance payments | 27 | - | €17,820 | +€17,820 | |
| Current assets | 29/58 | €547,983 | €422,195 | -€125,787 | -23.0% |
| Amounts receivable within one year | 40/41 | €40,284 | €51,227 | +€10,943 | +27.2% |
| Trade receivables | 40 | €19,140 | €51,227 | +€32,087 | +168% |
| Other amounts receivable | 41 | €21,144 | €0 | -€21,144 | -100% |
| Current investments | 50/53 | €250,000 | €290,000 | +€40,000 | +16.0% |
| Cash at bank and in hand | 54/58 | €256,066 | €74,314 | -€181,752 | -71.0% |
| Deferred charges and accrued income | 490/1 | €1,633 | €6,654 | +€5,021 | +308% |
| Total equity and liabilities | 10/49 | €1,697,132 | €1,528,246 | -€168,886 | -10.0% |
| Equity | 10/15 | €1,522,491 | €1,429,965 | -€92,527 | -6.1% |
| Contributions | 10/11 | €277,800 | €277,800 | = | 0.0% |
| Reserves | 13 | €1,243,900 | €1,151,370 | -€92,530 | -7.4% |
| Distributable reserves | 133 | €1,243,900 | €1,151,370 | -€92,530 | -7.4% |
| Profit (loss) carried forward | 14 | €791 | €795 | +€3 | +0.4% |
| Amounts payable | 17/49 | €174,641 | €98,282 | -€76,359 | -43.7% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,472 | €56,857 | +€14,385 | +33.9% |
| Trade debts | 44 | €22,574 | €21,898 | -€676 | -3.0% |
| Suppliers | 440/4 | €22,574 | €21,898 | -€676 | -3.0% |
| Taxes, remuneration and social security | 45 | €2,193 | €19,726 | +€17,533 | +799% |
| Taxes | 450/3 | €2,193 | €19,726 | +€17,533 | +799% |
| Other amounts payable | 47/48 | €17,705 | €15,233 | -€2,472 | -14.0% |
| Accrued charges and deferred income | 492/3 | €92,169 | €1,425 | -€90,744 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,415 | €63,539 | +€124 | +0.2% |
| Other operating charges | 640/8 | €4,797 | €3,232 | -€1,564 | -32.6% |
| Gross operating margin | 9900 | €152,784 | €82,204 | -€70,580 | -46.2% |
| Operating profit (loss) | 9901 | €84,573 | €15,433 | -€69,140 | -81.8% |
| Financial income | 75/76B | €10,421 | €9,013 | -€1,408 | -13.5% |
| Recurring financial income | 75 | €10,421 | €9,013 | -€1,408 | -13.5% |
| Financial charges | 65/66B | €3,545 | €3,320 | -€225 | -6.3% |
| Recurring financial charges | 65 | €3,545 | €3,320 | -€225 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €91,449 | €21,126 | -€70,323 | -76.9% |
| Income taxes | 67/77 | €27,542 | €7,903 | -€19,639 | -71.3% |
| Profit (loss) for the period | 9904 | €63,907 | €13,223 | -€50,684 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,907 | €13,223 | -€50,684 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.