ADVICEGROUP: 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.
ADVICEGROUP
Largest movements
- Receivables within one year +€121,207
up €121,207 (+51.6%), from €234,930 to €356,137
of which Trade receivables: +€114,576
- Intangible fixed assets -€120,000
down €120,000 (-32.9%), from €365,250 to €245,250
- Tangible fixed assets +€76,763
up €76,763 (+91.4%), from €83,954 to €160,717
of which Assets under construction and advance payments: +€95,000
- Cash +€59,536
up €59,536 (+124.2%), from €47,944 to €107,480
mainly Depreciation (+€146,722) and Trade debts (+€106,587)
- Stocks and contracts -€45,000
down €45,000 (-64.3%), from €70,000 to €25,000
- Trade debts +€106,587
up €106,587 (+107.3%), from €99,366 to €205,952
- Reserves +€53,579
up €53,579 (+341.5%), from €15,689 to €69,268
of which Distributable reserves: +€50,396
- Short-term financial debts -€53,190
down €53,190 (-31.0%), from €171,768 to €118,579
- Other debts +€38,274
up €38,274 (+51.5%), from €74,374 to €112,648
- Debts after one year -€37,232
down €37,232 (-22.5%), from €165,270 to €128,038
- Other operating charges +€35,142
up €35,142 (+422.0%), from €8,327 to €43,469
- Gross operating margin +€25,256
up €25,256 (+2.7%), from €928,092 to €953,348
- Staff costs -€20,993
down €20,993 (-3.2%), from €664,693 to €643,700
- Taxes +€17,290
up €17,290 (+103.2%), from €16,754 to €34,043
- Financial income -€11,886
down €11,886 (-91.0%), from €13,056 to €1,170
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 | €808,241 | €920,957 | +€112,716 | +13.9% |
| Fixed assets | 21/28 | €452,367 | €409,130 | -€43,237 | -9.6% |
| Intangible fixed assets | 21 | €365,250 | €245,250 | -€120,000 | -32.9% |
| Tangible fixed assets | 22/27 | €83,954 | €160,717 | +€76,763 | +91.4% |
| Plant, machinery and equipment | 23 | €37,467 | €32,045 | -€5,423 | -14.5% |
| Furniture and vehicles | 24 | €45,552 | €29,144 | -€16,408 | -36.0% |
| Other tangible fixed assets | 26 | €935 | €4,529 | +€3,594 | +384.6% |
| Assets under construction and advance payments | 27 | - | €95,000 | +€95,000 | |
| Financial fixed assets | 28 | €3,164 | €3,164 | = | 0.0% |
| Current assets | 29/58 | €355,874 | €511,827 | +€155,953 | +43.8% |
| Stocks and contracts in progress | 3 | €70,000 | €25,000 | -€45,000 | -64.3% |
| Contracts in progress | 37 | €70,000 | €25,000 | -€45,000 | -64.3% |
| Amounts receivable within one year | 40/41 | €234,930 | €356,137 | +€121,207 | +51.6% |
| Trade receivables | 40 | €223,124 | €337,699 | +€114,576 | +51.4% |
| Other amounts receivable | 41 | €11,806 | €18,438 | +€6,632 | +56.2% |
| Cash at bank and in hand | 54/58 | €47,944 | €107,480 | +€59,536 | +124.2% |
| Deferred charges and accrued income | 490/1 | €3,000 | €23,210 | +€20,210 | +673.7% |
| Total equity and liabilities | 10/49 | €808,241 | €920,957 | +€112,716 | +13.9% |
| Equity | 10/15 | €91,430 | €144,268 | +€52,838 | +57.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €15,689 | €69,268 | +€53,579 | +341.5% |
| Tax-exempt reserves | 132 | €2,708 | €5,891 | +€3,183 | +117.5% |
| Distributable reserves | 133 | €12,980 | €63,376 | +€50,396 | +388.2% |
| Profit (loss) carried forward | 14 | €741 | - | -€741 | |
| Amounts payable | 17/49 | €716,811 | €776,689 | +€59,878 | +8.4% |
| Amounts payable after more than one year | 17 | €165,270 | €128,038 | -€37,232 | -22.5% |
| Financial debts | 170/4 | €165,270 | €128,038 | -€37,232 | -22.5% |
| Amounts payable within one year | 42/48 | €539,570 | €648,192 | +€108,622 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €9,668 | €9,851 | +€183 | +1.9% |
| Financial debts | 43 | €171,768 | €118,579 | -€53,190 | -31.0% |
| Credit institutions | 430/8 | €171,768 | €118,579 | -€53,190 | -31.0% |
| Trade debts | 44 | €99,366 | €205,952 | +€106,587 | +107.3% |
| Suppliers | 440/4 | €99,366 | €205,952 | +€106,587 | +107.3% |
| Taxes, remuneration and social security | 45 | €184,394 | €201,162 | +€16,768 | +9.1% |
| Taxes | 450/3 | €92,374 | €115,612 | +€23,238 | +25.2% |
| Remuneration and social security | 454/9 | €92,020 | €85,550 | -€6,470 | -7.0% |
| Other amounts payable | 47/48 | €74,374 | €112,648 | +€38,274 | +51.5% |
| Accrued charges and deferred income | 492/3 | €11,971 | €459 | -€11,512 | -96.2% |
| Remuneration, social security and pensions | 62 | €664,693 | €643,700 | -€20,993 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,929 | €146,722 | -€2,207 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,437 | - | -€1,437 | |
| Other operating charges | 640/8 | €8,327 | €43,469 | +€35,142 | +422.0% |
| Non-recurring operating charges | 66A | €41,873 | - | -€41,873 | |
| Gross operating margin | 9900 | €928,092 | €953,348 | +€25,256 | +2.7% |
| Operating profit (loss) | 9901 | €62,832 | €119,458 | +€56,625 | +90.1% |
| Financial income | 75/76B | €13,056 | €1,170 | -€11,886 | -91.0% |
| Recurring financial income | 75 | €13,056 | €1,170 | -€11,886 | -91.0% |
| Financial charges | 65/66B | €43,968 | €33,006 | -€10,962 | -24.9% |
| Recurring financial charges | 65 | €43,968 | €32,853 | -€11,115 | -25.3% |
| Non-recurring financial charges | 66B | - | €153 | +€153 | |
| Profit (loss) for the period before taxes | 9903 | €31,921 | €87,622 | +€55,701 | +174.5% |
| Income taxes | 67/77 | €16,754 | €34,043 | +€17,290 | +103.2% |
| Profit (loss) for the period | 9904 | €15,167 | €53,579 | +€38,412 | +253.3% |
| Transfer to tax-exempt reserves | 689 | €2,187 | €3,183 | +€996 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,980 | €50,396 | +€37,415 | +288.2% |
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.