Advepa: 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.
Advepa
Largest movements
- Cash -€8,489
down €8,489 (-22.1%), from €38,347 to €29,859
mainly Contributions, distributions and other (-€13,486) and Net result for the year (-€3,823)
- Reserves -€17,309
down €17,309 (-100%), from €17,309 to €0
- Other debts +€13,246
up €13,246 (+652%), from €2,030 to €15,276
- Tax, wage and social debts -€2,358
down €2,358 (-100%), from €2,358 to €0
- Accrued charges and deferred income -€1,500
down €1,500 (-100%), from €1,500 to €0
- Current portion of long-term debt -€873
down €873 (-100%), from €873 to €0
- Gross operating margin -€20,332
down €20,332, from €17,122 to -€3,210
- Financial income -€1,343
down €1,343 (-100%), from €1,343 to €0
- Taxes -€1,131
down €1,131 (-100%), from €1,131 to €0
- Other operating charges -€692
down €692 (-60.0%), from €1,154 to €462
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.
Derived cash bridge
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 | €39,727 | €31,589 | -€8,138 | -20.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €39,727 | €31,589 | -€8,138 | -20.5% |
| Amounts receivable within one year | 40/41 | €1,369 | €1,730 | +€361 | +26.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,369 | €1,730 | +€361 | +26.4% |
| Cash at bank and in hand | 54/58 | €38,347 | €29,859 | -€8,489 | -22.1% |
| Deferred charges and accrued income | 490/1 | €10 | €0 | -€10 | -100% |
| Total equity and liabilities | 10/49 | €39,727 | €31,589 | -€8,138 | -20.5% |
| Equity | 10/15 | €32,309 | €15,000 | -€17,309 | -53.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €17,309 | €0 | -€17,309 | -100% |
| Distributable reserves | 133 | €17,309 | €0 | -€17,309 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,418 | €16,589 | +€9,171 | +124% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,918 | €16,589 | +€10,671 | +180% |
| Current portion of amounts payable after more than one year | 42 | €873 | €0 | -€873 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €656 | €1,313 | +€656 | +100% |
| Suppliers | 440/4 | €656 | €1,313 | +€656 | +100% |
| Taxes, remuneration and social security | 45 | €2,358 | €0 | -€2,358 | -100% |
| Taxes | 450/3 | €2,358 | €0 | -€2,358 | -100% |
| Other amounts payable | 47/48 | €2,030 | €15,276 | +€13,246 | +652% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,154 | €462 | -€692 | -60.0% |
| Non-recurring operating charges | 66A | €19,253 | €0 | -€19,253 | -100% |
| Gross operating margin | 9900 | €17,122 | -€3,210 | -€20,332 | |
| Operating profit (loss) | 9901 | -€3,285 | -€3,672 | -€387 | -11.8% |
| Financial income | 75/76B | €1,343 | €0 | -€1,343 | -100% |
| Recurring financial income | 75 | €1,343 | €0 | -€1,343 | -100% |
| Financial charges | 65/66B | €258 | €151 | -€107 | -41.4% |
| Recurring financial charges | 65 | €258 | €151 | -€107 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,200 | -€3,823 | -€1,623 | -73.8% |
| Income taxes | 67/77 | €1,131 | €0 | -€1,131 | -100% |
| Profit (loss) for the period | 9904 | -€3,331 | -€3,823 | -€492 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,331 | -€3,823 | -€492 | -14.8% |
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 25 October 2026 via checked.be.