ADVICE, INTELLIGENCE AND MANAGEMENT: 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.
ADVICE, INTELLIGENCE AND MANAGEMENT
Largest movements
- Current investments +€668,212
up €668,212 (+80.2%), from €832,999 to €1.5m
- Tangible fixed assets +€297,801
up €297,801 (+32.0%), from €930,384 to €1.2m
of which Land and buildings: +€301,220
- Cash +€56,836
up €56,836 (+40.1%), from €141,560 to €198,396
mainly Net result for the year (+€1.2m) and Depreciation (+€93,091)
- Reserves +€1.2m
up €1.2m (+99.7%), from €1.2m to €2.4m
of which Distributable reserves: +€671,998
- Other debts -€127,449
down €127,449 (-96.9%), from €131,473 to €4,024
- Debts after one year -€42,505
no longer reported in 2025 (was €42,505)
- Gross operating margin +€894,482
up €894,482 (+107%), from €837,456 to €1.7m
- Taxes +€229,266
up €229,266 (+95.9%), from €239,170 to €468,436
- Financial charges -€30,144
down €30,144 (-75.2%), from €40,101 to €9,957
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 | €1,917,394 | €2,939,089 | +€1.0m | +53.3% |
| Fixed assets | 21/28 | €930,507 | €1,228,308 | +€297,801 | +32.0% |
| Tangible fixed assets | 22/27 | €930,384 | €1,228,184 | +€297,801 | +32.0% |
| Land and buildings | 22 | €892,713 | €1,193,933 | +€301,220 | +33.7% |
| Furniture and vehicles | 24 | €5,827 | €4,810 | -€1,018 | -17.5% |
| Other tangible fixed assets | 26 | €31,843 | €29,441 | -€2,402 | -7.5% |
| Financial fixed assets | 28 | €123 | €123 | = | 0.0% |
| Current assets | 29/58 | €986,887 | €1,710,781 | +€723,894 | +73.4% |
| Amounts receivable within one year | 40/41 | €7,510 | €5,613 | -€1,896 | -25.3% |
| Other amounts receivable | 41 | €7,510 | €5,613 | -€1,896 | -25.3% |
| Current investments | 50/53 | €832,999 | €1,501,211 | +€668,212 | +80.2% |
| Cash at bank and in hand | 54/58 | €141,560 | €198,396 | +€56,836 | +40.1% |
| Deferred charges and accrued income | 490/1 | €4,818 | €5,561 | +€743 | +15.4% |
| Total equity and liabilities | 10/49 | €1,917,394 | €2,939,089 | +€1.0m | +53.3% |
| Equity | 10/15 | €1,542,620 | €2,719,818 | +€1.2m | +76.3% |
| Reserves | 13 | €1,181,107 | €2,358,306 | +€1.2m | +99.7% |
| Non-distributable reserves | 130/1 | €9,116 | €9,116 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,116 | €9,116 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €505,200 | +€505,200 | |
| Distributable reserves | 133 | €1,171,992 | €1,843,990 | +€671,998 | +57.3% |
| Profit (loss) carried forward | 14 | €361,512 | €361,512 | = | 0.0% |
| Amounts payable | 17/49 | €374,774 | €219,271 | -€155,503 | -41.5% |
| Amounts payable after more than one year | 17 | €42,505 | - | -€42,505 | |
| Financial debts | 170/4 | €42,505 | - | -€42,505 | |
| Amounts payable within one year | 42/48 | €332,269 | €219,271 | -€112,998 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €45,798 | €42,545 | -€3,253 | -7.1% |
| Trade debts | 44 | €11,828 | €21,798 | +€9,970 | +84.3% |
| Suppliers | 440/4 | €11,828 | €21,798 | +€9,970 | +84.3% |
| Taxes, remuneration and social security | 45 | €143,171 | €150,904 | +€7,734 | +5.4% |
| Taxes | 450/3 | €143,171 | €150,904 | +€7,734 | +5.4% |
| Other amounts payable | 47/48 | €131,473 | €4,024 | -€127,449 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,548 | €93,091 | +€7,543 | +8.8% |
| Other operating charges | 640/8 | €7,643 | €9,827 | +€2,185 | +28.6% |
| Gross operating margin | 9900 | €837,456 | €1,731,938 | +€894,482 | +107% |
| Operating profit (loss) | 9901 | €744,266 | €1,629,019 | +€884,753 | +119% |
| Financial income | 75/76B | €38,450 | €26,572 | -€11,878 | -30.9% |
| Recurring financial income | 75 | €38,450 | €26,572 | -€11,878 | -30.9% |
| Financial charges | 65/66B | €40,101 | €9,957 | -€30,144 | -75.2% |
| Recurring financial charges | 65 | €40,101 | €9,957 | -€30,144 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €742,615 | €1,645,635 | +€903,019 | +122% |
| Income taxes | 67/77 | €239,170 | €468,436 | +€229,266 | +95.9% |
| Profit (loss) for the period | 9904 | €503,445 | €1,177,198 | +€673,754 | +134% |
| Transfer to tax-exempt reserves | 689 | - | €505,200 | +€505,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €503,445 | €671,998 | +€168,554 | +33.5% |
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 30 October 2026 via checked.be.