ADVICE 2 ACT: 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.
ADVICE 2 ACT
Largest movements
- Current investments +€190,566
up €190,566 (+108.9%), from €174,951 to €365,517
- Cash -€61,945
down €61,945 (-19.4%), from €318,494 to €256,549
mainly Current investments (-€190,566) and Other debts (-€32,222)
- Reserves +€121,270
up €121,270 (+39.1%), from €309,883 to €431,153
- Trade debts +€33,279
up €33,279 (+1325.8%), from €2,510 to €35,789
- Other debts -€32,222
down €32,222 (-55.7%), from €57,856 to €25,634
- Tax, wage and social debts +€10,542
up €10,542 (+55.3%), from €19,052 to €29,594
- Gross operating margin +€36,150
up €36,150 (+34.2%), from €105,758 to €141,907
- Taxes +€24,463
up €24,463 (+84.6%), from €28,904 to €53,366
- Financial income +€19,378
up €19,378 (+78.4%), from €24,732 to €44,110
- Financial charges +€9,939
up €9,939 (+3637.8%), from €273 to €10,212
of which Financial charges: +€8,416
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 | €514,973 | €646,871 | +€131,898 | +25.6% |
| Fixed assets | 21/28 | €577 | €1,075 | +€498 | +86.3% |
| Tangible fixed assets | 22/27 | €577 | €1,075 | +€498 | +86.3% |
| Plant, machinery and equipment | 23 | €577 | €1,075 | +€498 | +86.3% |
| Current assets | 29/58 | €514,396 | €645,796 | +€131,400 | +25.5% |
| Amounts receivable within one year | 40/41 | €20,524 | €22,062 | +€1,538 | +7.5% |
| Trade receivables | 40 | €20,524 | €21,904 | +€1,380 | +6.7% |
| Other amounts receivable | 41 | - | €158 | +€158 | |
| Current investments | 50/53 | €174,951 | €365,517 | +€190,566 | +108.9% |
| Cash at bank and in hand | 54/58 | €318,494 | €256,549 | -€61,945 | -19.4% |
| Deferred charges and accrued income | 490/1 | €427 | €1,668 | +€1,241 | +290.2% |
| Total equity and liabilities | 10/49 | €514,973 | €646,871 | +€131,898 | +25.6% |
| Equity | 10/15 | €322,283 | €443,553 | +€121,270 | +37.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €309,883 | €431,153 | +€121,270 | +39.1% |
| Distributable reserves | 133 | €309,883 | €431,153 | +€121,270 | +39.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €112,294 | €112,294 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €112,294 | €112,294 | = | 0.0% |
| Pensions and similar obligations | 160 | €112,294 | €112,294 | = | 0.0% |
| Amounts payable | 17/49 | €80,396 | €91,023 | +€10,628 | +13.2% |
| Amounts payable within one year | 42/48 | €79,419 | €91,018 | +€11,599 | +14.6% |
| Trade debts | 44 | €2,510 | €35,789 | +€33,279 | +1325.8% |
| Suppliers | 440/4 | €2,510 | €35,789 | +€33,279 | +1325.8% |
| Taxes, remuneration and social security | 45 | €19,052 | €29,594 | +€10,542 | +55.3% |
| Taxes | 450/3 | €19,052 | €29,594 | +€10,542 | +55.3% |
| Other amounts payable | 47/48 | €57,856 | €25,634 | -€32,222 | -55.7% |
| Accrued charges and deferred income | 492/3 | €977 | €6 | -€971 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €410 | -€132 | -24.3% |
| Other operating charges | 640/8 | €1,029 | €759 | -€270 | -26.3% |
| Gross operating margin | 9900 | €105,758 | €141,907 | +€36,150 | +34.2% |
| Operating profit (loss) | 9901 | €104,186 | €140,738 | +€36,552 | +35.1% |
| Financial income | 75/76B | €24,732 | €44,110 | +€19,378 | +78.4% |
| Recurring financial income | 75 | €24,732 | €44,110 | +€19,378 | +78.4% |
| Financial charges | 65/66B | €273 | €10,212 | +€9,939 | +3637.8% |
| Recurring financial charges | 65 | €273 | €8,690 | +€8,416 | +3080.7% |
| Non-recurring financial charges | 66B | - | €1,522 | +€1,522 | |
| Profit (loss) for the period before taxes | 9903 | €128,646 | €174,637 | +€45,991 | +35.8% |
| Income taxes | 67/77 | €28,904 | €53,366 | +€24,463 | +84.6% |
| Profit (loss) for the period | 9904 | €99,742 | €121,270 | +€21,528 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,742 | €121,270 | +€21,528 | +21.6% |
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 5 October 2026 via checked.be.