adventr: 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.
adventr
Largest movements
- Financial fixed assets +€99,136
new in 2025: €99,136
- Receivables after one year -€45,046
down €45,046 (-59.9%), from €75,248 to €30,201
- Receivables within one year -€8,316
down €8,316 (-94.1%), from €8,840 to €524
of which Trade receivables: -€4,840
- Cash +€5,744
up €5,744 (+105.4%), from €5,450 to €11,194
mainly Debts after one year (+€53,469) and Receivables after one year (+€45,046)
- Tangible fixed assets +€2,788
up €2,788 (+1171.8%), from €238 to €3,026
of which Plant, machinery and equipment: +€2,064
- Reserves -€59,787
down €59,787 (-81.7%), from €73,209 to €13,422
- Debts after one year +€53,469
new in 2025: €53,469
- Current portion of long-term debt +€32,443
new in 2025: €32,443
- Other debts +€17,554
up €17,554, from €0 to €17,554
- Trade debts +€7,558
up €7,558 (+1004.3%), from €753 to €8,311
- Gross operating margin +€15,945
up €15,945 (+230.0%), from €6,932 to €22,877
- Taxes +€3,720
up €3,720 (+222.8%), from €1,669 to €5,390
- Financial charges +€2,628
up €2,628 (+157.2%), from €1,672 to €4,299
- Other operating charges +€551
up €551 (+101.1%), from €545 to €1,097
- Financial income +€261
up €261 (+14.4%), from €1,818 to €2,079
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 | €90,485 | €144,848 | +€54,363 | +60.1% |
| Fixed assets | 21/28 | €238 | €102,162 | +€101,924 | +42837.8% |
| Tangible fixed assets | 22/27 | €238 | €3,026 | +€2,788 | +1171.8% |
| Plant, machinery and equipment | 23 | - | €2,064 | +€2,064 | |
| Furniture and vehicles | 24 | €238 | €962 | +€724 | +304.1% |
| Financial fixed assets | 28 | - | €99,136 | +€99,136 | |
| Current assets | 29/58 | €90,247 | €42,686 | -€47,561 | -52.7% |
| Amounts receivable after more than one year | 29 | €75,248 | €30,201 | -€45,046 | -59.9% |
| Other amounts receivable | 291 | €75,248 | €30,201 | -€45,046 | -59.9% |
| Amounts receivable within one year | 40/41 | €8,840 | €524 | -€8,316 | -94.1% |
| Trade receivables | 40 | €4,840 | €0 | -€4,840 | -100.0% |
| Other amounts receivable | 41 | €4,000 | €524 | -€3,476 | -86.9% |
| Cash at bank and in hand | 54/58 | €5,450 | €11,194 | +€5,744 | +105.4% |
| Deferred charges and accrued income | 490/1 | €709 | €767 | +€58 | +8.2% |
| Total equity and liabilities | 10/49 | €90,485 | €144,848 | +€54,363 | +60.1% |
| Equity | 10/15 | €75,209 | €15,422 | -€59,787 | -79.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €73,209 | €13,422 | -€59,787 | -81.7% |
| Distributable reserves | 133 | €73,209 | €13,422 | -€59,787 | -81.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,276 | €129,426 | +€114,150 | +747.2% |
| Amounts payable after more than one year | 17 | - | €53,469 | +€53,469 | |
| Financial debts | 170/4 | - | €53,469 | +€53,469 | |
| Amounts payable within one year | 42/48 | €15,276 | €75,957 | +€60,681 | +397.2% |
| Current portion of amounts payable after more than one year | 42 | - | €32,443 | +€32,443 | |
| Financial debts | 43 | €334 | €556 | +€222 | +66.6% |
| Credit institutions | 430/8 | €334 | €556 | +€222 | +66.6% |
| Trade debts | 44 | €753 | €8,311 | +€7,558 | +1004.3% |
| Suppliers | 440/4 | €753 | €8,311 | +€7,558 | +1004.3% |
| Taxes, remuneration and social security | 45 | €14,190 | €17,093 | +€2,903 | +20.5% |
| Taxes | 450/3 | €12,915 | €17,093 | +€4,178 | +32.3% |
| Remuneration and social security | 454/9 | €1,275 | €0 | -€1,275 | -100.0% |
| Other amounts payable | 47/48 | €0 | €17,554 | +€17,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €748 | +€41 | +5.7% |
| Other operating charges | 640/8 | €545 | €1,097 | +€551 | +101.1% |
| Gross operating margin | 9900 | €6,932 | €22,877 | +€15,945 | +230.0% |
| Operating profit (loss) | 9901 | €5,679 | €21,032 | +€15,353 | +270.3% |
| Financial income | 75/76B | €1,818 | €2,079 | +€261 | +14.4% |
| Recurring financial income | 75 | €1,818 | €2,079 | +€261 | +14.4% |
| Financial charges | 65/66B | €1,672 | €4,299 | +€2,628 | +157.2% |
| Recurring financial charges | 65 | €1,672 | €4,299 | +€2,628 | +157.2% |
| Profit (loss) for the period before taxes | 9903 | €5,825 | €18,812 | +€12,987 | +222.9% |
| Income taxes | 67/77 | €1,669 | €5,390 | +€3,720 | +222.8% |
| Profit (loss) for the period | 9904 | €4,156 | €13,422 | +€9,266 | +223.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,156 | €13,422 | +€9,266 | +223.0% |
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 11 October 2026 via checked.be.