ADVENTION: 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.
ADVENTION
Largest movements
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Cash +€332,884
up €332,884 (+459.0%), from €72,531 to €405,415
mainly Current investments (+€400,000) and Net result for the year (+€197,183)
- Deferred charges and accrued income +€74,842
up €74,842 (+72.8%), from €102,804 to €177,646
- Tangible fixed assets -€16,627
down €16,627 (-18.7%), from €88,936 to €72,308
of which Furniture and vehicles: -€15,447
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€66,650
up €66,650 (+58.0%), from €114,833 to €181,483
- Gross operating margin -€16,189
down €16,189 (-17.3%), from €93,369 to €77,180
- Depreciation +€3,446
up €3,446 (+18.6%), from €18,512 to €21,958
- Financial charges -€990
down €990 (-12.8%), from €7,708 to €6,718
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 | €909,895 | €898,364 | -€11,531 | -1.3% |
| Fixed assets | 21/28 | €289,266 | €272,908 | -€16,357 | -5.7% |
| Tangible fixed assets | 22/27 | €88,936 | €72,308 | -€16,627 | -18.7% |
| Land and buildings | 22 | €5,193 | €4,012 | -€1,181 | -22.7% |
| Furniture and vehicles | 24 | €83,743 | €68,296 | -€15,447 | -18.4% |
| Financial fixed assets | 28 | €200,330 | €200,600 | +€270 | +0.1% |
| Current assets | 29/58 | €620,629 | €625,456 | +€4,827 | +0.8% |
| Amounts receivable within one year | 40/41 | €45,294 | €42,395 | -€2,899 | -6.4% |
| Trade receivables | 40 | €41,140 | €42,350 | +€1,210 | +2.9% |
| Other amounts receivable | 41 | €4,154 | €45 | -€4,109 | -98.9% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €72,531 | €405,415 | +€332,884 | +459.0% |
| Deferred charges and accrued income | 490/1 | €102,804 | €177,646 | +€74,842 | +72.8% |
| Total equity and liabilities | 10/49 | €909,895 | €898,364 | -€11,531 | -1.3% |
| Equity | 10/15 | €791,048 | €782,004 | -€9,044 | -1.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €784,048 | €775,004 | -€9,044 | -1.2% |
| Distributable reserves | 133 | €784,048 | €775,004 | -€9,044 | -1.2% |
| Amounts payable | 17/49 | €118,847 | €116,360 | -€2,486 | -2.1% |
| Amounts payable within one year | 42/48 | €110,947 | €109,753 | -€1,195 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €2,579 | - | -€2,579 | |
| Trade debts | 44 | €1,914 | €2,221 | +€307 | +16.0% |
| Suppliers | 440/4 | €1,914 | €2,221 | +€307 | +16.0% |
| Taxes, remuneration and social security | 45 | €11,389 | €14,839 | +€3,450 | +30.3% |
| Taxes | 450/3 | €11,389 | €14,839 | +€3,450 | +30.3% |
| Other amounts payable | 47/48 | €95,065 | €92,692 | -€2,373 | -2.5% |
| Accrued charges and deferred income | 492/3 | €7,899 | €6,608 | -€1,292 | -16.4% |
| Non-recurring operating income | 76A | €10,378 | - | -€10,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,512 | €21,958 | +€3,446 | +18.6% |
| Other operating charges | 640/8 | €1,444 | €1,213 | -€232 | -16.0% |
| Gross operating margin | 9900 | €93,369 | €77,180 | -€16,189 | -17.3% |
| Operating profit (loss) | 9901 | €73,413 | €54,009 | -€19,404 | -26.4% |
| Financial income | 75/76B | €114,833 | €181,483 | +€66,650 | +58.0% |
| Recurring financial income | 75 | €114,833 | €181,483 | +€66,650 | +58.0% |
| Financial charges | 65/66B | €7,708 | €6,718 | -€990 | -12.8% |
| Recurring financial charges | 65 | €7,708 | €6,718 | -€990 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €180,537 | €228,773 | +€48,236 | +26.7% |
| Income taxes | 67/77 | €31,197 | €31,591 | +€393 | +1.3% |
| Profit (loss) for the period | 9904 | €149,340 | €197,183 | +€47,843 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,340 | €197,183 | +€47,843 | +32.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.