ADVERVA: 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.
ADVERVA
Largest movements
- Cash +€277,900
up €277,900 (+162.3%), from €171,252 to €449,151
mainly Net result for the year (+€192,944) and Current investments (+€145,217)
- Current investments -€145,217
down €145,217 (-29.0%), from €500,000 to €354,783
- Tangible fixed assets -€10,914
down €10,914 (-24.3%), from €44,977 to €34,064
of which Furniture and vehicles: -€7,453
- Reserves +€138,188
up €138,188 (+20.4%), from €678,469 to €816,657
- Financial income +€30,784
up €30,784 (+209.4%), from €14,699 to €45,482
of which Non-recurring financial income: +€28,441
- Gross operating margin +€15,061
up €15,061 (+5.3%), from €282,972 to €298,032
- Taxes +€14,136
up €14,136 (+19.9%), from €71,088 to €85,224
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 | €737,707 | €859,616 | +€121,909 | +16.5% |
| Fixed assets | 21/28 | €44,977 | €34,064 | -€10,914 | -24.3% |
| Tangible fixed assets | 22/27 | €44,977 | €34,064 | -€10,914 | -24.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €30,034 | €22,581 | -€7,453 | -24.8% |
| Other tangible fixed assets | 26 | €14,943 | €11,483 | -€3,460 | -23.2% |
| Current assets | 29/58 | €692,730 | €825,552 | +€132,823 | +19.2% |
| Amounts receivable within one year | 40/41 | €20,655 | €20,653 | -€1 | 0.0% |
| Trade receivables | 40 | €20,018 | €20,594 | +€576 | +2.9% |
| Other amounts receivable | 41 | €636 | €59 | -€577 | -90.7% |
| Current investments | 50/53 | €500,000 | €354,783 | -€145,217 | -29.0% |
| Cash at bank and in hand | 54/58 | €171,252 | €449,151 | +€277,900 | +162.3% |
| Deferred charges and accrued income | 490/1 | €823 | €965 | +€142 | +17.2% |
| Total equity and liabilities | 10/49 | €737,707 | €859,616 | +€121,909 | +16.5% |
| Equity | 10/15 | €679,203 | €817,391 | +€138,188 | +20.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €678,469 | €816,657 | +€138,188 | +20.4% |
| Distributable reserves | 133 | €678,469 | €816,657 | +€138,188 | +20.4% |
| Profit (loss) carried forward | 14 | €634 | €634 | = | 0.0% |
| Amounts payable | 17/49 | €58,504 | €42,225 | -€16,279 | -27.8% |
| Amounts payable within one year | 42/48 | €58,504 | €42,225 | -€16,279 | -27.8% |
| Trade debts | 44 | €10,279 | €5,139 | -€5,140 | -50.0% |
| Suppliers | 440/4 | €10,279 | €5,139 | -€5,140 | -50.0% |
| Taxes, remuneration and social security | 45 | €39,467 | €31,444 | -€8,023 | -20.3% |
| Taxes | 450/3 | €32,248 | €23,967 | -€8,281 | -25.7% |
| Remuneration and social security | 454/9 | €7,219 | €7,477 | +€258 | +3.6% |
| Other amounts payable | 47/48 | €8,758 | €5,642 | -€3,116 | -35.6% |
| Remuneration, social security and pensions | 62 | €48,610 | €50,618 | +€2,008 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,727 | €13,393 | -€2,334 | -14.8% |
| Other operating charges | 640/8 | €513 | €854 | +€340 | +66.3% |
| Gross operating margin | 9900 | €282,972 | €298,032 | +€15,061 | +5.3% |
| Operating profit (loss) | 9901 | €218,121 | €233,168 | +€15,047 | +6.9% |
| Financial income | 75/76B | €14,699 | €45,482 | +€30,784 | +209.4% |
| Recurring financial income | 75 | €14,699 | €17,041 | +€2,342 | +15.9% |
| Non-recurring financial income | 76B | - | €28,441 | +€28,441 | |
| Financial charges | 65/66B | €343 | €482 | +€138 | +40.3% |
| Recurring financial charges | 65 | €343 | €482 | +€138 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €232,476 | €278,168 | +€45,692 | +19.7% |
| Income taxes | 67/77 | €71,088 | €85,224 | +€14,136 | +19.9% |
| Profit (loss) for the period | 9904 | €161,388 | €192,944 | +€31,556 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €161,388 | €192,944 | +€31,556 | +19.6% |
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.