ADVENSYS: 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.
ADVENSYS
Largest movements
- Financial fixed assets +€917,209
up €917,209 (+22.2%), from €4.1m to €5.1m
- Receivables within one year -€801,314
down €801,314 (-87.4%), from €916,340 to €115,026
of which Trade receivables: -€481,236
- Cash +€710,280
up €710,280 (+202%), from €352,153 to €1.1m
mainly Net result for the year (+€813,091) and Debts after one year (+€806,200)
- Debts after one year +€806,200
up €806,200 (+65.3%), from €1.2m to €2.0m
- Profit (loss) carried forward +€563,091
up €563,091 (+84.0%), from €670,361 to €1.2m
- Tax, wage and social debts -€337,424
down €337,424 (-50.3%), from €670,384 to €332,960
of which Remuneration and social security: -€331,459
- Short-term financial debts -€154,488
down €154,488 (-34.5%), from €447,570 to €293,083
- Trade debts -€93,024
down €93,024 (-26.8%), from €346,979 to €253,955
- Gross operating margin -€2.2m
down €2.2m (-87.2%), from €2.5m to €316,038
- Staff costs -€1.6m
down €1.6m (-79.0%), from €2.0m to €427,478
- Financial income +€654,028
up €654,028 (+108%), from €606,811 to €1.3m
of which Non-recurring financial income: +€1.2m
- Taxes +€113,779
up €113,779 (+112%), from €101,875 to €215,655
- Write-downs -€32,993
no longer reported in 2024 (was €32,993)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,558,254 | €6,331,945 | +€773,691 | +13.9% |
| Fixed assets | 21/28 | €4,253,769 | €5,145,195 | +€891,426 | +21.0% |
| Tangible fixed assets | 22/27 | €117,624 | €91,841 | -€25,783 | -21.9% |
| Plant, machinery and equipment | 23 | €25,749 | €22,389 | -€3,360 | -13.0% |
| Furniture and vehicles | 24 | €42,158 | €21,285 | -€20,873 | -49.5% |
| Other tangible fixed assets | 26 | €49,717 | €48,167 | -€1,551 | -3.1% |
| Financial fixed assets | 28 | €4,136,145 | €5,053,354 | +€917,209 | +22.2% |
| Current assets | 29/58 | €1,304,485 | €1,186,750 | -€117,735 | -9.0% |
| Stocks and contracts in progress | 3 | €18,602 | - | -€18,602 | |
| Stocks | 30/36 | €18,602 | - | -€18,602 | |
| Amounts receivable within one year | 40/41 | €916,340 | €115,026 | -€801,314 | -87.4% |
| Trade receivables | 40 | €590,303 | €109,066 | -€481,236 | -81.5% |
| Other amounts receivable | 41 | €326,038 | €5,960 | -€320,078 | -98.2% |
| Cash at bank and in hand | 54/58 | €352,153 | €1,062,434 | +€710,280 | +202% |
| Deferred charges and accrued income | 490/1 | €17,389 | €9,290 | -€8,099 | -46.6% |
| Total equity and liabilities | 10/49 | €5,558,254 | €6,331,945 | +€773,691 | +13.9% |
| Equity | 10/15 | €1,426,061 | €1,989,153 | +€563,091 | +39.5% |
| Contributions | 10/11 | €687,000 | €687,000 | = | 0.0% |
| Capital | 10 | €687,000 | €687,000 | = | 0.0% |
| Issued capital | 100 | €687,000 | €687,000 | = | 0.0% |
| Reserves | 13 | €68,700 | €68,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,700 | €68,700 | = | 0.0% |
| Legal reserve | 130 | €68,700 | €68,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €670,361 | €1,233,453 | +€563,091 | +84.0% |
| Amounts payable | 17/49 | €4,132,192 | €4,342,792 | +€210,600 | +5.1% |
| Amounts payable after more than one year | 17 | €1,234,336 | €2,040,536 | +€806,200 | +65.3% |
| Financial debts | 170/4 | €1,234,336 | €2,040,536 | +€806,200 | +65.3% |
| Amounts payable within one year | 42/48 | €2,803,037 | €2,293,116 | -€509,922 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €438,104 | €521,010 | +€82,906 | +18.9% |
| Financial debts | 43 | €447,570 | €293,083 | -€154,488 | -34.5% |
| Other loans | 439 | €447,570 | €293,083 | -€154,488 | -34.5% |
| Trade debts | 44 | €346,979 | €253,955 | -€93,024 | -26.8% |
| Suppliers | 440/4 | €346,979 | €253,955 | -€93,024 | -26.8% |
| Taxes, remuneration and social security | 45 | €670,384 | €332,960 | -€337,424 | -50.3% |
| Taxes | 450/3 | €261,858 | €255,893 | -€5,966 | -2.3% |
| Remuneration and social security | 454/9 | €408,526 | €77,067 | -€331,459 | -81.1% |
| Other amounts payable | 47/48 | €900,000 | €892,108 | -€7,892 | -0.9% |
| Accrued charges and deferred income | 492/3 | €94,819 | €9,140 | -€85,678 | -90.4% |
| Remuneration, social security and pensions | 62 | €2,038,706 | €427,478 | -€1.6m | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,985 | €32,502 | +€2,517 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,993 | - | -€32,993 | |
| Other operating charges | 640/8 | €34,153 | €8,302 | -€25,852 | -75.7% |
| Non-recurring operating charges | 66A | €351 | - | -€351 | |
| Gross operating margin | 9900 | €2,472,959 | €316,038 | -€2.2m | -87.2% |
| Operating profit (loss) | 9901 | €336,771 | -€152,244 | -€489,016 | |
| Financial income | 75/76B | €606,811 | €1,260,839 | +€654,028 | +108% |
| Recurring financial income | 75 | €606,811 | €24,223 | -€582,589 | -96.0% |
| Non-recurring financial income | 76B | - | €1,236,616 | +€1.2m | |
| Financial charges | 65/66B | €72,351 | €79,848 | +€7,498 | +10.4% |
| Recurring financial charges | 65 | €72,351 | €79,848 | +€7,498 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €871,232 | €1,028,746 | +€157,514 | +18.1% |
| Income taxes | 67/77 | €101,875 | €215,655 | +€113,779 | +112% |
| Profit (loss) for the period | 9904 | €769,356 | €813,091 | +€43,735 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €769,356 | €813,091 | +€43,735 | +5.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.