ADVIES 1410: 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.
ADVIES 1410
Largest movements
- Cash -€45,031
down €45,031 (-37.6%), from €119,673 to €74,642
mainly Contributions, distributions and other (-€235,000) and Debts after one year (-€78,720)
- Tangible fixed assets -€25,807
down €25,807 (-2.1%), from €1.2m to €1.2m
of which Other tangible fixed assets: -€50,656
- Receivables within one year +€24,664
up €24,664 (+87.0%), from €28,362 to €53,025
of which Other amounts receivable: +€20,007
- Reserves -€154,189
down €154,189 (-16.3%), from €948,494 to €794,305
of which Distributable reserves: -€152,013
- Other debts +€145,116
new in 2025: €145,116
- Debts after one year -€78,720
down €78,720 (-16.3%), from €481,966 to €403,246
- Short-term financial debts +€50,871
new in 2025: €50,871
- Current portion of long-term debt -€18,945
down €18,945 (-18.1%), from €104,689 to €85,744
- Gross operating margin -€29,257
down €29,257 (-12.9%), from €225,932 to €196,675
- Taxes -€10,800
down €10,800 (-24.3%), from €44,533 to €33,733
- Depreciation +€2,345
up €2,345 (+3.5%), from €66,715 to €69,060
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 | €1,568,862 | €1,514,360 | -€54,502 | -3.5% |
| Fixed assets | 21/28 | €1,221,298 | €1,195,491 | -€25,807 | -2.1% |
| Tangible fixed assets | 22/27 | €1,221,298 | €1,195,491 | -€25,807 | -2.1% |
| Furniture and vehicles | 24 | €17,915 | €42,764 | +€24,849 | +139% |
| Other tangible fixed assets | 26 | €1,203,383 | €1,152,727 | -€50,656 | -4.2% |
| Current assets | 29/58 | €347,564 | €318,869 | -€28,695 | -8.3% |
| Amounts receivable after more than one year | 29 | €185,000 | €185,000 | = | 0.0% |
| Other amounts receivable | 291 | €185,000 | €185,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,362 | €53,025 | +€24,664 | +87.0% |
| Trade receivables | 40 | €22,085 | €26,742 | +€4,657 | +21.1% |
| Other amounts receivable | 41 | €6,277 | €26,284 | +€20,007 | +319% |
| Current investments | 50/53 | €5,054 | €5,093 | +€39 | +0.8% |
| Cash at bank and in hand | 54/58 | €119,673 | €74,642 | -€45,031 | -37.6% |
| Deferred charges and accrued income | 490/1 | €9,475 | €1,109 | -€8,366 | -88.3% |
| Total equity and liabilities | 10/49 | €1,568,862 | €1,514,360 | -€54,502 | -3.5% |
| Equity | 10/15 | €954,694 | €800,505 | -€154,189 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €948,494 | €794,305 | -€154,189 | -16.3% |
| Tax-exempt reserves | 132 | €58,333 | €56,156 | -€2,176 | -3.7% |
| Distributable reserves | 133 | €890,162 | €738,149 | -€152,013 | -17.1% |
| Provisions and deferred taxes | 16 | €19,444 | €18,719 | -€725 | -3.7% |
| Deferred taxes | 168 | €19,444 | €18,719 | -€725 | -3.7% |
| Amounts payable | 17/49 | €594,724 | €695,136 | +€100,412 | +16.9% |
| Amounts payable after more than one year | 17 | €481,966 | €403,246 | -€78,720 | -16.3% |
| Financial debts | 170/4 | €481,966 | €403,246 | -€78,720 | -16.3% |
| Amounts payable within one year | 42/48 | €112,758 | €290,940 | +€178,182 | +158% |
| Current portion of amounts payable after more than one year | 42 | €104,689 | €85,744 | -€18,945 | -18.1% |
| Financial debts | 43 | - | €50,871 | +€50,871 | |
| Credit institutions | 430/8 | - | €50,871 | +€50,871 | |
| Trade debts | 44 | €8,069 | €9,209 | +€1,140 | +14.1% |
| Suppliers | 440/4 | €8,069 | €9,209 | +€1,140 | +14.1% |
| Other amounts payable | 47/48 | - | €145,116 | +€145,116 | |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Non-recurring operating income | 76A | - | €9,358 | +€9,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,715 | €69,060 | +€2,345 | +3.5% |
| Other operating charges | 640/8 | €9,211 | €8,133 | -€1,078 | -11.7% |
| Gross operating margin | 9900 | €225,932 | €196,675 | -€29,257 | -12.9% |
| Operating profit (loss) | 9901 | €150,006 | €119,482 | -€30,524 | -20.3% |
| Financial income | 75/76B | €3,096 | €3,108 | +€11 | +0.4% |
| Recurring financial income | 75 | €3,096 | €3,108 | +€11 | +0.4% |
| Financial charges | 65/66B | €7,978 | €8,771 | +€793 | +9.9% |
| Recurring financial charges | 65 | €7,978 | €8,771 | +€793 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €145,125 | €113,819 | -€31,306 | -21.6% |
| Transfer from deferred taxes | 780 | €725 | €725 | = | 0.0% |
| Income taxes | 67/77 | €44,533 | €33,733 | -€10,800 | -24.3% |
| Profit (loss) for the period | 9904 | €101,317 | €80,811 | -€20,506 | -20.2% |
| Transfer from tax-exempt reserves | 789 | €2,176 | €2,176 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,494 | €82,987 | -€20,506 | -19.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.