ADVERTIME: 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.
ADVERTIME
Largest movements
- Current investments +€21,030
up €21,030 (+619%), from €3,396 to €24,426
- Cash -€8,087
down €8,087 (-9.9%), from €81,696 to €73,609
mainly Current investments (-€21,030) and Current portion of long-term debt (-€6,297)
- Tangible fixed assets -€4,484
down €4,484 (-34.3%), from €13,086 to €8,602
of which Plant, machinery and equipment: -€4,484
- Receivables within one year +€1,412
up €1,412 (+7.6%), from €18,537 to €19,949
- Accrued charges and deferred income +€11,917
new in 2025: €11,917
- Current portion of long-term debt -€6,297
no longer reported in 2025 (was €6,297)
- Profit (loss) carried forward +€3,672
up €3,672 (+6.0%), from €61,709 to €65,381
- Trade debts -€2,429
down €2,429 (-54.7%), from €4,440 to €2,011
- Tax, wage and social debts +€2,152
up €2,152 (+27.9%), from €7,702 to €9,854
- Gross operating margin -€10,975
down €10,975 (-48.8%), from €22,499 to €11,524
- Depreciation -€9,890
down €9,890 (-68.8%), from €14,374 to €4,484
- Taxes -€2,508
down €2,508 (-61.8%), from €4,055 to €1,547
- Other operating charges -€782
down €782 (-48.7%), from €1,606 to €824
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 | €117,428 | €127,299 | +€9,871 | +8.4% |
| Fixed assets | 21/28 | €13,799 | €9,315 | -€4,484 | -32.5% |
| Tangible fixed assets | 22/27 | €13,086 | €8,602 | -€4,484 | -34.3% |
| Plant, machinery and equipment | 23 | €5,168 | €684 | -€4,484 | -86.8% |
| Furniture and vehicles | 24 | €7,918 | €7,918 | = | 0.0% |
| Financial fixed assets | 28 | €713 | €713 | = | 0.0% |
| Current assets | 29/58 | €103,629 | €117,984 | +€14,355 | +13.9% |
| Amounts receivable within one year | 40/41 | €18,537 | €19,949 | +€1,412 | +7.6% |
| Trade receivables | 40 | €18,537 | €19,949 | +€1,412 | +7.6% |
| Current investments | 50/53 | €3,396 | €24,426 | +€21,030 | +619% |
| Cash at bank and in hand | 54/58 | €81,696 | €73,609 | -€8,087 | -9.9% |
| Total equity and liabilities | 10/49 | €117,428 | €127,299 | +€9,871 | +8.4% |
| Equity | 10/15 | €93,666 | €97,337 | +€3,672 | +3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €19,556 | €19,556 | = | 0.0% |
| 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 | €17,696 | €17,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,709 | €65,381 | +€3,672 | +6.0% |
| Amounts payable | 17/49 | €23,762 | €29,961 | +€6,199 | +26.1% |
| Amounts payable within one year | 42/48 | €23,762 | €18,044 | -€5,718 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €6,297 | - | -€6,297 | |
| Trade debts | 44 | €4,440 | €2,011 | -€2,429 | -54.7% |
| Suppliers | 440/4 | €4,440 | €2,011 | -€2,429 | -54.7% |
| Taxes, remuneration and social security | 45 | €7,702 | €9,854 | +€2,152 | +27.9% |
| Taxes | 450/3 | €7,702 | €9,854 | +€2,152 | +27.9% |
| Other amounts payable | 47/48 | €5,323 | €6,179 | +€856 | +16.1% |
| Accrued charges and deferred income | 492/3 | - | €11,917 | +€11,917 | |
| Remuneration, social security and pensions | 62 | €199 | €80 | -€119 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,374 | €4,484 | -€9,890 | -68.8% |
| Other operating charges | 640/8 | €1,606 | €824 | -€782 | -48.7% |
| Gross operating margin | 9900 | €22,499 | €11,524 | -€10,975 | -48.8% |
| Operating profit (loss) | 9901 | €6,320 | €6,136 | -€184 | -2.9% |
| Financial income | 75/76B | - | €74 | +€74 | |
| Recurring financial income | 75 | - | €74 | +€74 | |
| Financial charges | 65/66B | €1,144 | €991 | -€153 | -13.4% |
| Recurring financial charges | 65 | €1,144 | €991 | -€153 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €5,176 | €5,219 | +€43 | +0.8% |
| Income taxes | 67/77 | €4,055 | €1,547 | -€2,508 | -61.8% |
| Profit (loss) for the period | 9904 | €1,121 | €3,672 | +€2,551 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €1,121 | €3,672 | +€2,551 | +228% |
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 20 October 2026 via checked.be.