ADVICO: 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.
ADVICO
Largest movements
- Tangible fixed assets +€63,072
up €63,072 (+191.8%), from €32,881 to €95,953
of which Furniture and vehicles: +€58,264
- Cash -€53,484
down €53,484 (-63.3%), from €84,536 to €31,053
mainly Investment in fixed assets (net) (-€57,281) and Contributions, distributions and other (-€38,933)
- Receivables within one year -€38,313
down €38,313 (-53.8%), from €71,219 to €32,906
of which Other amounts receivable: -€37,813
- Receivables after one year +€34,200
new in 2025: €34,200
- Financial fixed assets -€12,750
down €12,750 (-62.7%), from €20,346 to €7,595
- Debts after one year +€47,775
new in 2025: €47,775
- Reserves -€42,318
down €42,318 (-35.1%), from €120,628 to €78,310
- Trade debts -€29,921
down €29,921 (-81.7%), from €36,638 to €6,717
- Current portion of long-term debt +€9,166
up €9,166 (+429.7%), from €2,133 to €11,299
- Short-term financial debts +€5,347
new in 2025: €5,347
of which Other loans: +€4,167
- Gross operating margin -€57,399
down €57,399 (-61.3%), from €93,677 to €36,277
- Write-downs -€33,570
down €33,570 (-77.7%), from €43,200 to €9,630
- Taxes -€9,187
down €9,187 (-63.6%), from €14,441 to €5,254
- Financial charges +€6,998
up €6,998 (+68.9%), from €10,159 to €17,158
- Depreciation +€3,043
up €3,043 (+77.7%), from €3,916 to €6,959
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 | €209,671 | €201,707 | -€7,964 | -3.8% |
| Fixed assets | 21/28 | €53,227 | €103,549 | +€50,322 | +94.5% |
| Tangible fixed assets | 22/27 | €32,881 | €95,953 | +€63,072 | +191.8% |
| Furniture and vehicles | 24 | - | €58,264 | +€58,264 | |
| Other tangible fixed assets | 26 | €32,881 | €37,690 | +€4,809 | +14.6% |
| Financial fixed assets | 28 | €20,346 | €7,595 | -€12,750 | -62.7% |
| Current assets | 29/58 | €156,444 | €98,159 | -€58,286 | -37.3% |
| Amounts receivable after more than one year | 29 | - | €34,200 | +€34,200 | |
| Other amounts receivable | 291 | - | €34,200 | +€34,200 | |
| Amounts receivable within one year | 40/41 | €71,219 | €32,906 | -€38,313 | -53.8% |
| Trade receivables | 40 | €22,279 | €21,780 | -€499 | -2.2% |
| Other amounts receivable | 41 | €48,939 | €11,126 | -€37,813 | -77.3% |
| Cash at bank and in hand | 54/58 | €84,536 | €31,053 | -€53,484 | -63.3% |
| Deferred charges and accrued income | 490/1 | €689 | - | -€689 | |
| Total equity and liabilities | 10/49 | €209,671 | €201,707 | -€7,964 | -3.8% |
| Equity | 10/15 | €139,228 | €96,910 | -€42,318 | -30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,628 | €78,310 | -€42,318 | -35.1% |
| Distributable reserves | 133 | €120,628 | €78,310 | -€42,318 | -35.1% |
| Amounts payable | 17/49 | €70,444 | €104,797 | +€34,354 | +48.8% |
| Amounts payable after more than one year | 17 | - | €47,775 | +€47,775 | |
| Financial debts | 170/4 | - | €47,775 | +€47,775 | |
| Amounts payable within one year | 42/48 | €70,444 | €57,022 | -€13,421 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €2,133 | €11,299 | +€9,166 | +429.7% |
| Financial debts | 43 | - | €5,347 | +€5,347 | |
| Credit institutions | 430/8 | - | €1,181 | +€1,181 | |
| Other loans | 439 | - | €4,167 | +€4,167 | |
| Trade debts | 44 | €36,638 | €6,717 | -€29,921 | -81.7% |
| Suppliers | 440/4 | €36,638 | €6,717 | -€29,921 | -81.7% |
| Taxes, remuneration and social security | 45 | €31,672 | €32,030 | +€358 | +1.1% |
| Taxes | 450/3 | €29,172 | €32,030 | +€2,858 | +9.8% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €1,629 | +€1,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,916 | €6,959 | +€3,043 | +77.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,200 | €9,630 | -€33,570 | -77.7% |
| Other operating charges | 640/8 | €3,338 | €2,029 | -€1,309 | -39.2% |
| Gross operating margin | 9900 | €93,677 | €36,277 | -€57,399 | -61.3% |
| Operating profit (loss) | 9901 | €43,223 | €17,659 | -€25,564 | -59.1% |
| Financial income | 75/76B | €3 | €1,368 | +€1,365 | +43746.2% |
| Recurring financial income | 75 | €3 | €1,368 | +€1,365 | +43746.2% |
| Financial charges | 65/66B | €10,159 | €17,158 | +€6,998 | +68.9% |
| Recurring financial charges | 65 | €10,159 | €17,158 | +€6,998 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €33,066 | €1,869 | -€31,197 | -94.3% |
| Income taxes | 67/77 | €14,441 | €5,254 | -€9,187 | -63.6% |
| Profit (loss) for the period | 9904 | €18,625 | -€3,385 | -€22,010 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,625 | -€3,385 | -€22,010 |
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 8 October 2026 via checked.be.