ADVIES & MANAGEMENT: 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 & MANAGEMENT
Largest movements
- Tangible fixed assets -€28,016
down €28,016 (-13.2%), from €212,927 to €184,911
of which Furniture and vehicles: -€44,958
- Cash +€21,146
up €21,146 (+14.8%), from €142,886 to €164,032
mainly Depreciation (+€85,168) and Net result for the year (+€58,203)
- Receivables within one year +€15,962
up €15,962 (+30.8%), from €51,892 to €67,854
of which Trade receivables: +€14,520
- Profit (loss) carried forward +€28,203
up €28,203 (+9.0%), from €313,430 to €341,633
- Current portion of long-term debt -€15,950
down €15,950 (-52.8%), from €30,235 to €14,285
- Debts after one year -€14,285
down €14,285 (-68.7%), from €20,800 to €6,516
- Tax, wage and social debts +€10,107
up €10,107 (+54.8%), from €18,454 to €28,560
- Gross operating margin -€36,774
down €36,774 (-18.8%), from €195,499 to €158,724
- Depreciation +€20,268
up €20,268 (+31.2%), from €64,901 to €85,168
- Taxes -€11,242
down €11,242 (-38.5%), from €29,231 to €17,988
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 | €532,941 | €540,395 | +€7,454 | +1.4% |
| Fixed assets | 21/28 | €215,927 | €187,911 | -€28,016 | -13.0% |
| Tangible fixed assets | 22/27 | €212,927 | €184,911 | -€28,016 | -13.2% |
| Land and buildings | 22 | €46,980 | €44,577 | -€2,403 | -5.1% |
| Plant, machinery and equipment | 23 | €44,760 | €64,105 | +€19,345 | +43.2% |
| Furniture and vehicles | 24 | €121,186 | €76,229 | -€44,958 | -37.1% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €317,015 | €352,484 | +€35,470 | +11.2% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,892 | €67,854 | +€15,962 | +30.8% |
| Trade receivables | 40 | €45,122 | €59,642 | +€14,520 | +32.2% |
| Other amounts receivable | 41 | €6,769 | €8,212 | +€1,442 | +21.3% |
| Cash at bank and in hand | 54/58 | €142,886 | €164,032 | +€21,146 | +14.8% |
| Deferred charges and accrued income | 490/1 | €2,237 | €598 | -€1,638 | -73.3% |
| Total equity and liabilities | 10/49 | €532,941 | €540,395 | +€7,454 | +1.4% |
| Equity | 10/15 | €459,149 | €487,352 | +€28,203 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,520 | €139,520 | = | 0.0% |
| Distributable reserves | 133 | €139,520 | €139,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,430 | €341,633 | +€28,203 | +9.0% |
| Amounts payable | 17/49 | €73,792 | €53,043 | -€20,749 | -28.1% |
| Amounts payable after more than one year | 17 | €20,800 | €6,516 | -€14,285 | -68.7% |
| Financial debts | 170/4 | €20,800 | €6,516 | -€14,285 | -68.7% |
| Amounts payable within one year | 42/48 | €51,898 | €45,348 | -€6,550 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €30,235 | €14,285 | -€15,950 | -52.8% |
| Trade debts | 44 | €2,640 | €970 | -€1,670 | -63.3% |
| Suppliers | 440/4 | €2,640 | €970 | -€1,670 | -63.3% |
| Taxes, remuneration and social security | 45 | €18,454 | €28,560 | +€10,107 | +54.8% |
| Taxes | 450/3 | €18,454 | €28,560 | +€10,107 | +54.8% |
| Other amounts payable | 47/48 | €569 | €1,533 | +€964 | +169% |
| Accrued charges and deferred income | 492/3 | €1,094 | €1,179 | +€86 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,901 | €85,168 | +€20,268 | +31.2% |
| Other operating charges | 640/8 | €642 | €597 | -€45 | -7.0% |
| Gross operating margin | 9900 | €195,499 | €158,724 | -€36,774 | -18.8% |
| Operating profit (loss) | 9901 | €129,956 | €72,959 | -€56,997 | -43.9% |
| Financial income | 75/76B | €4,800 | €4,800 | = | 0.0% |
| Recurring financial income | 75 | €4,800 | €4,800 | = | 0.0% |
| Financial charges | 65/66B | €1,987 | €1,568 | -€420 | -21.1% |
| Recurring financial charges | 65 | €1,987 | €1,568 | -€420 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €132,769 | €76,191 | -€56,578 | -42.6% |
| Income taxes | 67/77 | €29,231 | €17,988 | -€11,242 | -38.5% |
| Profit (loss) for the period | 9904 | €103,538 | €58,203 | -€45,335 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,538 | €58,203 | -€45,335 | -43.8% |
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 25 October 2026 via checked.be.