ADVICE FOR YOU: 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.
What changed
ADVICE FOR YOU
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,644
2024 · €340,394-€332,749
Equity
€500,079
2024 · €492,434+€7,644
Cash
€36,067
2024 · €70,240-€34,173
Balance sheet total
€1.0m
2024 · €1.1m-€23,231
Largest movements
Assets
- Cash -€34,173
down €34,173 (-48.7%), from €70,240 to €36,067
mainly Debts after one year (-€34,856) and Investment in fixed assets (net) (-€32,352)
Equity and liabilities
- Debts after one year -€34,856
down €34,856 (-6.8%), from €512,013 to €477,156
Income statement
- Gross operating margin -€501,977
down €501,977 (-87.0%), from €576,800 to €74,822
- Taxes -€109,521
down €109,521 (-97.7%), from €112,134 to €2,613
- Depreciation -€52,813
down €52,813 (-62.2%), from €84,951 to €32,138
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.
Result 2024
€340,394
Gross operating margin
-€501,977
Staff costs
+€1,724
Depreciation
+€52,813
Other operating charges
-€144
Other operating items
+€1,947
Financial income
+€4
Financial charges
+€3,362
Taxes
+€109,521
Result 2025
€7,644
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€32,231
Investment
-€32,352
Financing
-€34,052
Cash 2024
€70,240
From operations (derived)
+€32,231
Net result for the year
+€7,644
Depreciation
+€32,138
Receivables within one year
-€9,793
Deferred charges and accrued income
-€936
Trade debts
+€1,344
Tax, wage and social debts
+€1,727
Other debts
+€106
Investment (derived)
-€32,352
Investment in fixed assets (net)
-€32,352
Financing
-€34,052
Debts after one year
-€34,856
Current portion of long-term debt
+€804
Cash 2025
€36,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,057,256 | €1,034,026 | -€23,231 | -2.2% |
| Fixed assets | 21/28 | €985,861 | €986,075 | +€214 | 0.0% |
| Tangible fixed assets | 22/27 | €985,861 | €986,075 | +€214 | 0.0% |
| Land and buildings | 22 | €972,219 | €978,078 | +€5,859 | +0.6% |
| Plant, machinery and equipment | 23 | €11,886 | €7,767 | -€4,119 | -34.7% |
| Furniture and vehicles | 24 | €1,756 | €230 | -€1,526 | -86.9% |
| Current assets | 29/58 | €71,395 | €47,951 | -€23,444 | -32.8% |
| Amounts receivable within one year | 40/41 | - | €9,793 | +€9,793 | |
| Other amounts receivable | 41 | - | €9,793 | +€9,793 | |
| Cash at bank and in hand | 54/58 | €70,240 | €36,067 | -€34,173 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,155 | €2,091 | +€936 | +81.0% |
| Total equity and liabilities | 10/49 | €1,057,256 | €1,034,026 | -€23,231 | -2.2% |
| Equity | 10/15 | €492,434 | €500,079 | +€7,644 | +1.6% |
| Contributions | 10/11 | €36,400 | €36,400 | = | 0.0% |
| Reserves | 13 | €456,034 | €463,679 | +€7,644 | +1.7% |
| Distributable reserves | 133 | €456,034 | €463,679 | +€7,644 | +1.7% |
| Amounts payable | 17/49 | €564,822 | €533,947 | -€30,875 | -5.5% |
| Amounts payable after more than one year | 17 | €512,013 | €477,156 | -€34,856 | -6.8% |
| Financial debts | 170/4 | €512,013 | €477,156 | -€34,856 | -6.8% |
| Amounts payable within one year | 42/48 | €52,810 | €56,791 | +€3,981 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €34,052 | €34,856 | +€804 | +2.4% |
| Trade debts | 44 | €2,263 | €3,607 | +€1,344 | +59.4% |
| Suppliers | 440/4 | €2,263 | €3,607 | +€1,344 | +59.4% |
| Taxes, remuneration and social security | 45 | €10,518 | €12,245 | +€1,727 | +16.4% |
| Taxes | 450/3 | €8,018 | €9,745 | +€1,727 | +21.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €5,977 | €6,083 | +€106 | +1.8% |
| Non-recurring operating income | 76A | €526,137 | €43,513 | -€482,625 | -91.7% |
| Remuneration, social security and pensions | 62 | €2,434 | €710 | -€1,724 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,951 | €32,138 | -€52,813 | -62.2% |
| Other operating charges | 640/8 | €3,076 | €3,220 | +€144 | +4.7% |
| Non-recurring operating charges | 66A | €1,947 | - | -€1,947 | |
| Gross operating margin | 9900 | €576,800 | €74,822 | -€501,977 | -87.0% |
| Operating profit (loss) | 9901 | €484,392 | €38,755 | -€445,637 | -92.0% |
| Financial income | 75/76B | €2 | €7 | +€4 | +194% |
| Recurring financial income | 75 | €2 | €7 | +€4 | +194% |
| Financial charges | 65/66B | €31,866 | €28,504 | -€3,362 | -10.5% |
| Recurring financial charges | 65 | €31,866 | €28,504 | -€3,362 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €452,528 | €10,257 | -€442,271 | -97.7% |
| Income taxes | 67/77 | €112,134 | €2,613 | -€109,521 | -97.7% |
| Profit (loss) for the period | 9904 | €340,394 | €7,644 | -€332,749 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €340,394 | €7,644 | -€332,749 | -97.8% |
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 21 October 2026 via checked.be.