ADVENTO MANAGEMENT: 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.
ADVENTO MANAGEMENT
Largest movements
- Current investments +€3.5m
new in 2025: €3.5m
- Tangible fixed assets +€961,871
up €961,871 (+83.8%), from €1.1m to €2.1m
of which Land and buildings: +€979,557
- Cash +€954,674
up €954,674 (+450.5%), from €211,909 to €1.2m
mainly Net result for the year (+€4.4m) and Tax, wage and social debts (+€384,115)
- Financial fixed assets -€601,273
down €601,273 (-44.6%), from €1.3m to €747,894
- Reserves +€4.4m
up €4.4m (+318.5%), from €1.4m to €5.7m
of which Distributable reserves: +€4.4m
- Tax, wage and social debts +€384,115
up €384,115 (+754.9%), from €50,884 to €434,999
- Gross operating margin +€4.9m
up €4.9m (+2761.6%), from €176,317 to €5.0m
- Taxes +€423,774
up €423,774 (+3050.9%), from €13,890 to €437,664
- Depreciation +€126,315
up €126,315 (+197.0%), from €64,113 to €190,428
- Financial income -€88,668
down €88,668 (-68.8%), from €128,962 to €40,294
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 | €2,820,890 | €7,589,520 | +€4.8m | +169.0% |
| Fixed assets | 21/28 | €2,496,750 | €2,857,348 | +€360,598 | +14.4% |
| Tangible fixed assets | 22/27 | €1,147,583 | €2,109,454 | +€961,871 | +83.8% |
| Land and buildings | 22 | €1,071,121 | €2,050,677 | +€979,557 | +91.5% |
| Furniture and vehicles | 24 | €25,198 | €14,115 | -€11,083 | -44.0% |
| Other tangible fixed assets | 26 | €51,265 | €44,661 | -€6,603 | -12.9% |
| Financial fixed assets | 28 | €1,349,167 | €747,894 | -€601,273 | -44.6% |
| Current assets | 29/58 | €324,140 | €4,732,172 | +€4.4m | +1359.9% |
| Amounts receivable after more than one year | 29 | €63,649 | - | -€63,649 | |
| Trade receivables | 290 | €63,649 | - | -€63,649 | |
| Amounts receivable within one year | 40/41 | €44,950 | €53,904 | +€8,954 | +19.9% |
| Trade receivables | 40 | €44,950 | €53,904 | +€8,954 | +19.9% |
| Current investments | 50/53 | - | €3,508,452 | +€3.5m | |
| Cash at bank and in hand | 54/58 | €211,909 | €1,166,583 | +€954,674 | +450.5% |
| Deferred charges and accrued income | 490/1 | €3,632 | €3,233 | -€399 | -11.0% |
| Total equity and liabilities | 10/49 | €2,820,890 | €7,589,520 | +€4.8m | +169.0% |
| Equity | 10/15 | €1,631,259 | €6,004,821 | +€4.4m | +268.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,373,256 | €5,746,819 | +€4.4m | +318.5% |
| Non-distributable reserves | 130/1 | €45,797 | €45,797 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,797 | €45,797 | = | 0.0% |
| Distributable reserves | 133 | €1,327,459 | €5,701,021 | +€4.4m | +329.5% |
| Profit (loss) carried forward | 14 | €238,002 | €238,002 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,189,632 | €1,584,699 | +€395,068 | +33.2% |
| Amounts payable within one year | 42/48 | €1,189,632 | €1,584,699 | +€395,068 | +33.2% |
| Trade debts | 44 | €1,998 | €1,454 | -€544 | -27.2% |
| Suppliers | 440/4 | €1,998 | €1,454 | -€544 | -27.2% |
| Taxes, remuneration and social security | 45 | €50,884 | €434,999 | +€384,115 | +754.9% |
| Taxes | 450/3 | €50,884 | €434,999 | +€384,115 | +754.9% |
| Other amounts payable | 47/48 | €1,136,749 | €1,148,246 | +€11,497 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,113 | €190,428 | +€126,315 | +197.0% |
| Other operating charges | 640/8 | €6,062 | €5,024 | -€1,037 | -17.1% |
| Gross operating margin | 9900 | €176,317 | €5,045,536 | +€4.9m | +2761.6% |
| Operating profit (loss) | 9901 | €106,142 | €4,850,084 | +€4.7m | +4469.4% |
| Financial income | 75/76B | €128,962 | €40,294 | -€88,668 | -68.8% |
| Recurring financial income | 75 | €128,962 | €40,294 | -€88,668 | -68.8% |
| Financial charges | 65/66B | €90,393 | €79,151 | -€11,241 | -12.4% |
| Recurring financial charges | 65 | €90,393 | €79,151 | -€11,241 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €144,712 | €4,811,226 | +€4.7m | +3224.7% |
| Income taxes | 67/77 | €13,890 | €437,664 | +€423,774 | +3050.9% |
| Profit (loss) for the period | 9904 | €130,822 | €4,373,562 | +€4.2m | +3243.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130,822 | €4,373,562 | +€4.2m | +3243.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.