ADVEO: 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.
ADVEO
Largest movements
- Cash -€43,805
down €43,805 (-34.8%), from €125,698 to €81,893
mainly Contributions, distributions and other (-€76,000) and Receivables within one year (-€7,518)
- Receivables within one year +€7,518
up €7,518 (+20.8%), from €36,082 to €43,600
of which Other amounts receivable: +€5,481
- Reserves -€43,717
down €43,717 (-11.0%), from €396,726 to €353,008
of which Distributable reserves: -€43,717
- Other debts +€5,551
up €5,551 (+3723.7%), from €149 to €5,700
- Gross operating margin +€13,864
up €13,864 (+43.7%), from €31,762 to €45,626
- Taxes +€7,302
up €7,302 (+143.2%), from €5,098 to €12,400
- Depreciation -€6,811
down €6,811 (-95.8%), from €7,111 to €301
- Financial income +€598
up €598 (+440.0%), from €136 to €733
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 | €416,151 | €376,468 | -€39,683 | -9.5% |
| Fixed assets | 21/28 | €301 | €0 | -€301 | -100.0% |
| Tangible fixed assets | 22/27 | €301 | €0 | -€301 | -100.0% |
| Plant, machinery and equipment | 23 | €301 | €0 | -€301 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €415,850 | €376,468 | -€39,382 | -9.5% |
| Amounts receivable within one year | 40/41 | €36,082 | €43,600 | +€7,518 | +20.8% |
| Trade receivables | 40 | €18,398 | €20,435 | +€2,037 | +11.1% |
| Other amounts receivable | 41 | €17,684 | €23,165 | +€5,481 | +31.0% |
| Current investments | 50/53 | €252,938 | €249,838 | -€3,100 | -1.2% |
| Cash at bank and in hand | 54/58 | €125,698 | €81,893 | -€43,805 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,133 | €1,137 | +€4 | +0.4% |
| Total equity and liabilities | 10/49 | €416,151 | €376,468 | -€39,683 | -9.5% |
| Equity | 10/15 | €409,126 | €365,408 | -€43,717 | -10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €396,726 | €353,008 | -€43,717 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €394,866 | €351,148 | -€43,717 | -11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,025 | €11,060 | +€4,035 | +57.4% |
| Amounts payable within one year | 42/48 | €6,835 | €11,060 | +€4,225 | +61.8% |
| Trade debts | 44 | €3,047 | €2,239 | -€807 | -26.5% |
| Suppliers | 440/4 | €3,047 | €2,239 | -€807 | -26.5% |
| Taxes, remuneration and social security | 45 | €3,639 | €3,120 | -€519 | -14.3% |
| Taxes | 450/3 | €3,639 | €300 | -€3,339 | -91.8% |
| Remuneration and social security | 454/9 | - | €2,820 | +€2,820 | |
| Other amounts payable | 47/48 | €149 | €5,700 | +€5,551 | +3723.7% |
| Accrued charges and deferred income | 492/3 | €190 | €0 | -€190 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,111 | €301 | -€6,811 | -95.8% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | €31,762 | €45,626 | +€13,864 | +43.7% |
| Operating profit (loss) | 9901 | €24,115 | €44,775 | +€20,660 | +85.7% |
| Financial income | 75/76B | €136 | €733 | +€598 | +440.0% |
| Recurring financial income | 75 | €136 | €733 | +€598 | +440.0% |
| Financial charges | 65/66B | €678 | €826 | +€148 | +21.8% |
| Recurring financial charges | 65 | €678 | €826 | +€148 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €23,573 | €44,683 | +€21,110 | +89.6% |
| Income taxes | 67/77 | €5,098 | €12,400 | +€7,302 | +143.2% |
| Profit (loss) for the period | 9904 | €18,475 | €32,283 | +€13,808 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,475 | €32,283 | +€13,808 | +74.7% |
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 4 October 2026 via checked.be.