ADVICO VERZEKERINGEN: what changed
ADVICO VERZEKERINGEN
Largest movements
- Tangible fixed assets +€337,082
up €337,082 (+59.2%), from €569,854 to €906,936
of which Land and buildings: +€312,039
- Intangible fixed assets -€116,236
down €116,236 (-19.4%), from €600,000 to €483,764
- Cash -€28,001
down €28,001 (-30.7%), from €91,169 to €63,168
mainly Investment in fixed assets (net) (-€366,874) and Other debts (-€84,217)
- Receivables within one year +€27,935
up €27,935 (+31.3%), from €89,305 to €117,239
of which Other amounts receivable: +€27,509
- Debts after one year +€193,252
up €193,252 (+25.6%), from €756,133 to €949,386
- Reserves +€131,409
up €131,409 (+52.1%), from €252,320 to €383,730
- Other debts -€84,217
down €84,217 (-71.6%), from €117,606 to €33,389
- Tax, wage and social debts -€28,178
down €28,178 (-26.2%), from €107,535 to €79,357
of which Taxes: -€40,460
- Gross operating margin +€151,186
up €151,186 (+21.5%), from €704,663 to €855,849
- Staff costs +€129,568
up €129,568 (+38.4%), from €337,330 to €466,899
- Other operating charges -€69,681
down €69,681 (-96.0%), from €72,578 to €2,896
- Taxes +€20,634
up €20,634 (+55.2%), from €37,410 to €58,044
- Financial charges +€8,794
up €8,794 (+30.5%), from €28,829 to €37,623
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,357,101 | €1,578,868 | +€221,767 | +16.3% |
| Fixed assets | 21/28 | €1,170,854 | €1,391,700 | +€220,846 | +18.9% |
| Intangible fixed assets | 21 | €600,000 | €483,764 | -€116,236 | -19.4% |
| Tangible fixed assets | 22/27 | €569,854 | €906,936 | +€337,082 | +59.2% |
| Land and buildings | 22 | €569,184 | €881,223 | +€312,039 | +54.8% |
| Plant, machinery and equipment | 23 | €0 | €7,343 | +€7,343 | |
| Furniture and vehicles | 24 | €670 | €18,369 | +€17,700 | +2,643% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €186,247 | €187,168 | +€921 | +0.5% |
| Amounts receivable within one year | 40/41 | €89,305 | €117,239 | +€27,935 | +31.3% |
| Trade receivables | 40 | €0 | €426 | +€426 | |
| Other amounts receivable | 41 | €89,305 | €116,813 | +€27,509 | +30.8% |
| Cash at bank and in hand | 54/58 | €91,169 | €63,168 | -€28,001 | -30.7% |
| Deferred charges and accrued income | 490/1 | €5,774 | €6,760 | +€987 | +17.1% |
| Total equity and liabilities | 10/49 | €1,357,101 | €1,578,868 | +€221,767 | +16.3% |
| Equity | 10/15 | €258,320 | €393,071 | +€134,750 | +52.2% |
| Contributions | 10/11 | €6,000 | €9,341 | +€3,341 | +55.7% |
| Reserves | 13 | €252,320 | €383,730 | +€131,409 | +52.1% |
| Distributable reserves | 133 | €252,320 | €383,730 | +€131,409 | +52.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,098,781 | €1,185,797 | +€87,017 | +7.9% |
| Amounts payable after more than one year | 17 | €756,133 | €949,386 | +€193,252 | +25.6% |
| Financial debts | 170/4 | €756,133 | €949,386 | +€193,252 | +25.6% |
| Amounts payable within one year | 42/48 | €334,307 | €233,349 | -€100,958 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €101,794 | €104,119 | +€2,325 | +2.3% |
| Trade debts | 44 | €7,371 | €16,484 | +€9,112 | +124% |
| Suppliers | 440/4 | €7,371 | €16,484 | +€9,112 | +124% |
| Taxes, remuneration and social security | 45 | €107,535 | €79,357 | -€28,178 | -26.2% |
| Taxes | 450/3 | €57,479 | €17,019 | -€40,460 | -70.4% |
| Remuneration and social security | 454/9 | €50,056 | €62,337 | +€12,282 | +24.5% |
| Other amounts payable | 47/48 | €117,606 | €33,389 | -€84,217 | -71.6% |
| Accrued charges and deferred income | 492/3 | €8,341 | €3,063 | -€5,277 | -63.3% |
| Remuneration, social security and pensions | 62 | €337,330 | €466,899 | +€129,568 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,591 | €146,028 | +€2,437 | +1.7% |
| Other operating charges | 640/8 | €72,578 | €2,896 | -€69,681 | -96.0% |
| Gross operating margin | 9900 | €704,663 | €855,849 | +€151,186 | +21.5% |
| Operating profit (loss) | 9901 | €151,164 | €240,026 | +€88,862 | +58.8% |
| Financial income | 75/76B | €718 | €656 | -€62 | -8.6% |
| Recurring financial income | 75 | €718 | €656 | -€62 | -8.6% |
| Financial charges | 65/66B | €28,829 | €37,623 | +€8,794 | +30.5% |
| Recurring financial charges | 65 | €28,829 | €37,623 | +€8,794 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €123,053 | €203,059 | +€80,007 | +65.0% |
| Income taxes | 67/77 | €37,410 | €58,044 | +€20,634 | +55.2% |
| Profit (loss) for the period | 9904 | €85,642 | €145,015 | +€59,373 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,642 | €145,015 | +€59,373 | +69.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.