ADVENSED: 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.
ADVENSED
Largest movements
- Receivables within one year -€94,292
down €94,292 (-35.3%), from €266,747 to €172,455
of which Other amounts receivable: -€93,692
- Tangible fixed assets -€5,666
down €5,666 (-4.4%), from €129,639 to €123,973
- Cash +€4,294
up €4,294 (+445.4%), from €964 to €5,258
mainly Receivables within one year (+€94,292) and Depreciation (+€5,666)
- Debts after one year -€46,684
down €46,684 (-21.5%), from €217,169 to €170,485
- Other debts -€38,143
down €38,143 (-51.9%), from €73,443 to €35,300
- Profit (loss) carried forward -€11,128
down €11,128 (-32.6%), from €34,088 to €22,961
- Gross operating margin -€20,744
down €20,744 (-79.2%), from €26,192 to €5,448
- Staff costs -€8,517
no longer reported in 2023 (was €8,517)
- Financial charges -€1,831
down €1,831 (-14.4%), from €12,740 to €10,910
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,351 | €301,686 | -€95,665 | -24.1% |
| Fixed assets | 21/28 | €129,639 | €123,973 | -€5,666 | -4.4% |
| Tangible fixed assets | 22/27 | €129,639 | €123,973 | -€5,666 | -4.4% |
| Land and buildings | 22 | €129,639 | €123,973 | -€5,666 | -4.4% |
| Current assets | 29/58 | €267,711 | €177,713 | -€89,998 | -33.6% |
| Amounts receivable within one year | 40/41 | €266,747 | €172,455 | -€94,292 | -35.3% |
| Trade receivables | 40 | €600 | - | -€600 | |
| Other amounts receivable | 41 | €266,147 | €172,455 | -€93,692 | -35.2% |
| Cash at bank and in hand | 54/58 | €964 | €5,258 | +€4,294 | +445.4% |
| Total equity and liabilities | 10/49 | €397,351 | €301,686 | -€95,665 | -24.1% |
| Equity | 10/15 | €59,548 | €48,421 | -€11,128 | -18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €19,260 | €19,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,088 | €22,961 | -€11,128 | -32.6% |
| Amounts payable | 17/49 | €337,802 | €253,265 | -€84,537 | -25.0% |
| Amounts payable after more than one year | 17 | €217,169 | €170,485 | -€46,684 | -21.5% |
| Financial debts | 170/4 | €217,169 | €170,485 | -€46,684 | -21.5% |
| Amounts payable within one year | 42/48 | €120,633 | €81,984 | -€38,649 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €44,829 | €46,684 | +€1,855 | +4.1% |
| Trade debts | 44 | €2,328 | - | -€2,328 | |
| Suppliers | 440/4 | €2,328 | - | -€2,328 | |
| Taxes, remuneration and social security | 45 | €33 | - | -€33 | |
| Remuneration and social security | 454/9 | €33 | - | -€33 | |
| Other amounts payable | 47/48 | €73,443 | €35,300 | -€38,143 | -51.9% |
| Accrued charges and deferred income | 492/3 | - | €797 | +€797 | |
| Remuneration, social security and pensions | 62 | €8,517 | - | -€8,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,666 | €5,666 | = | 0.0% |
| Gross operating margin | 9900 | €26,192 | €5,448 | -€20,744 | -79.2% |
| Operating profit (loss) | 9901 | €12,008 | -€218 | -€12,226 | |
| Financial charges | 65/66B | €12,740 | €10,910 | -€1,831 | -14.4% |
| Recurring financial charges | 65 | €12,740 | €10,910 | -€1,831 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€732 | -€11,128 | -€10,396 | -1420.5% |
| Profit (loss) for the period | 9904 | -€732 | -€11,128 | -€10,396 | -1420.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€732 | -€11,128 | -€10,396 | -1420.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.