ADVICE OFFICE: 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.
What changed
ADVICE OFFICE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€25,004
2024 · -€17,643-€7,361
Equity
€799,488
2024 · €824,492-€25,004
Cash
€2,827
2024 · €14,331-€11,504
Balance sheet total
€1.9m
2024 · €1.8m+€97,177
Largest movements
Assets
- Tangible fixed assets +€115,856
up €115,856 (+6.5%), from €1.8m to €1.9m
of which Assets under construction and advance payments: +€176,763
Equity and liabilities
- Trade debts +€143,675
up €143,675 (+624.6%), from €23,003 to €166,678
- Reserves -€32,917
down €32,917 (-7.5%), from €441,290 to €408,373
of which Tax-exempt reserves: -€27,712
Income statement
- Gross operating margin +€19,194
up €19,194 (+19.9%), from €96,586 to €115,780
- Taxes +€11,169
up €11,169 (+196.0%), from €5,698 to €16,867
- Depreciation +€8,509
up €8,509 (+11.9%), from €71,774 to €80,284
- Other operating charges +€8,317
up €8,317 (+43.0%), from €19,346 to €27,663
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
-€17,643
Gross operating margin
+€19,194
Depreciation
-€8,509
Other operating charges
-€8,317
Financial income
+€3
Financial charges
-€175
Taxes
-€11,169
Deferred taxes and other
+€1,613
Result 2025
-€25,004
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.
From operations
+€194,496
Investment
-€192,299
Financing
-€13,701
Cash 2024
€14,331
From operations (derived)
+€194,496
Net result for the year
-€25,004
Depreciation
+€80,284
Receivables within one year
+€4,150
Deferred charges and accrued income
-€816
Provisions
-€13,025
Trade debts
+€143,675
Tax, wage and social debts
+€9,367
Advances received
+€675
Other debts
-€2,342
Accrued charges and deferred income
-€2,468
Investment (derived)
-€192,299
Investment in fixed assets (net)
-€192,299
Financing
-€13,701
Debts after one year
-€4,929
Current portion of long-term debt
-€12,378
Short-term financial debts
+€3,605
Cash 2025
€2,827
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,807,917 | €1,905,094 | +€97,177 | +5.4% |
| Fixed assets | 21/28 | €1,785,148 | €1,897,164 | +€112,016 | +6.3% |
| Tangible fixed assets | 22/27 | €1,781,308 | €1,897,164 | +€115,856 | +6.5% |
| Land and buildings | 22 | €1,436,784 | €1,377,674 | -€59,110 | -4.1% |
| Plant, machinery and equipment | 23 | €2,747 | €950 | -€1,798 | -65.4% |
| Assets under construction and advance payments | 27 | €341,776 | €518,540 | +€176,763 | +51.7% |
| Financial fixed assets | 28 | €3,840 | €0 | -€3,840 | -100.0% |
| Current assets | 29/58 | €22,769 | €7,931 | -€14,838 | -65.2% |
| Amounts receivable within one year | 40/41 | €5,050 | €900 | -€4,150 | -82.2% |
| Trade receivables | 40 | €3,248 | €900 | -€2,348 | -72.3% |
| Other amounts receivable | 41 | €1,802 | €0 | -€1,802 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,331 | €2,827 | -€11,504 | -80.3% |
| Deferred charges and accrued income | 490/1 | €3,387 | €4,204 | +€816 | +24.1% |
| Total equity and liabilities | 10/49 | €1,807,917 | €1,905,094 | +€97,177 | +5.4% |
| Equity | 10/15 | €824,492 | €799,488 | -€25,004 | -3.0% |
| Contributions | 10/11 | €62,250 | €62,250 | = | 0.0% |
| Revaluation surpluses | 12 | €895,247 | €895,247 | = | 0.0% |
| Reserves | 13 | €441,290 | €408,373 | -€32,917 | -7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €436,084 | €408,373 | -€27,712 | -6.4% |
| Distributable reserves | 133 | €5,206 | €0 | -€5,206 | -100.0% |
| Profit (loss) carried forward | 14 | -€574,296 | -€566,382 | +€7,913 | +1.4% |
| Provisions and deferred taxes | 16 | €209,245 | €196,220 | -€13,025 | -6.2% |
| Deferred taxes | 168 | €209,245 | €196,220 | -€13,025 | -6.2% |
| Amounts payable | 17/49 | €774,181 | €909,386 | +€135,206 | +17.5% |
| Amounts payable after more than one year | 17 | €635,156 | €630,227 | -€4,929 | -0.8% |
| Financial debts | 170/4 | €635,156 | €630,227 | -€4,929 | -0.8% |
| Amounts payable within one year | 42/48 | €136,556 | €279,159 | +€142,603 | +104.4% |
| Current portion of amounts payable after more than one year | 42 | €52,378 | €40,000 | -€12,378 | -23.6% |
| Financial debts | 43 | €3,793 | €7,398 | +€3,605 | +95.0% |
| Credit institutions | 430/8 | €3,793 | €7,398 | +€3,605 | +95.0% |
| Trade debts | 44 | €23,003 | €166,678 | +€143,675 | +624.6% |
| Suppliers | 440/4 | €23,003 | €166,678 | +€143,675 | +624.6% |
| Advances received on contracts in progress | 46 | €10,672 | €11,347 | +€675 | +6.3% |
| Taxes, remuneration and social security | 45 | - | €9,367 | +€9,367 | |
| Taxes | 450/3 | - | €9,367 | +€9,367 | |
| Other amounts payable | 47/48 | €46,710 | €44,368 | -€2,342 | -5.0% |
| Accrued charges and deferred income | 492/3 | €2,468 | €0 | -€2,468 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,774 | €80,284 | +€8,509 | +11.9% |
| Other operating charges | 640/8 | €19,346 | €27,663 | +€8,317 | +43.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,586 | €115,780 | +€19,194 | +19.9% |
| Operating profit (loss) | 9901 | €5,466 | €7,834 | +€2,367 | +43.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €28,823 | €28,998 | +€175 | +0.6% |
| Recurring financial charges | 65 | €28,823 | €28,998 | +€175 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,357 | -€21,161 | +€2,195 | +9.4% |
| Transfer from deferred taxes | 780 | €11,412 | €13,025 | +€1,613 | +14.1% |
| Income taxes | 67/77 | €5,698 | €16,867 | +€11,169 | +196.0% |
| Profit (loss) for the period | 9904 | -€17,643 | -€25,004 | -€7,361 | -41.7% |
| Transfer from tax-exempt reserves | 789 | €22,874 | €27,712 | +€4,838 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,231 | €2,708 | -€2,523 | -48.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.