Advieselec: 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.
Advieselec
Largest movements
- Stocks and contracts +€22,899
up €22,899 (+102%), from €22,533 to €45,432
- Receivables within one year -€17,284
down €17,284 (-8.9%), from €194,651 to €177,367
of which Trade receivables: -€72,509
- Cash -€12,080
down €12,080 (-80.2%), from €15,069 to €2,989
mainly Net result for the year (-€33,407) and Stocks and contracts (-€22,899)
- Tangible fixed assets +€3,742
up €3,742 (+61.4%), from €6,092 to €9,833
of which Plant, machinery and equipment: +€4,559
- Reserves -€33,407
down €33,407 (-17.2%), from €194,634 to €161,226
of which Distributable reserves: -€33,407
- Trade debts +€29,684
up €29,684 (+320%), from €9,265 to €38,949
- Tax, wage and social debts +€11,696
up €11,696 (+64.4%), from €18,173 to €29,869
of which Taxes: +€6,622
- Current portion of long-term debt -€7,669
down €7,669 (-91.8%), from €8,353 to €683
- Gross operating margin -€69,219
down €69,219 (-74.2%), from €93,259 to €24,040
- Depreciation -€7,544
down €7,544 (-75.6%), from €9,984 to €2,440
- Taxes -€5,518
down €5,518 (-95.4%), from €5,783 to €264
- Staff costs +€2,444
up €2,444 (+5.3%), from €46,447 to €48,891
- Financial charges +€1,183
up €1,183 (+42.8%), from €2,760 to €3,943
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 | €243,465 | €241,413 | -€2,051 | -0.8% |
| Fixed assets | 21/28 | €8,542 | €12,283 | +€3,742 | +43.8% |
| Tangible fixed assets | 22/27 | €6,092 | €9,833 | +€3,742 | +61.4% |
| Plant, machinery and equipment | 23 | €5,104 | €9,662 | +€4,559 | +89.3% |
| Furniture and vehicles | 24 | €988 | €171 | -€817 | -82.7% |
| Financial fixed assets | 28 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €234,923 | €229,130 | -€5,793 | -2.5% |
| Stocks and contracts in progress | 3 | €22,533 | €45,432 | +€22,899 | +102% |
| Stocks | 30/36 | €22,533 | €45,432 | +€22,899 | +102% |
| Amounts receivable within one year | 40/41 | €194,651 | €177,367 | -€17,284 | -8.9% |
| Trade receivables | 40 | €138,296 | €65,786 | -€72,509 | -52.4% |
| Other amounts receivable | 41 | €56,356 | €111,581 | +€55,225 | +98.0% |
| Cash at bank and in hand | 54/58 | €15,069 | €2,989 | -€12,080 | -80.2% |
| Deferred charges and accrued income | 490/1 | €2,669 | €3,341 | +€672 | +25.2% |
| Total equity and liabilities | 10/49 | €243,465 | €241,413 | -€2,051 | -0.8% |
| Equity | 10/15 | €200,834 | €167,426 | -€33,407 | -16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €194,634 | €161,226 | -€33,407 | -17.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €174,024 | €140,616 | -€33,407 | -19.2% |
| Amounts payable | 17/49 | €42,631 | €73,987 | +€31,356 | +73.6% |
| Amounts payable within one year | 42/48 | €41,031 | €73,972 | +€32,941 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €8,353 | €683 | -€7,669 | -91.8% |
| Financial debts | 43 | €3,665 | €3,777 | +€112 | +3.1% |
| Credit institutions | 430/8 | €3,665 | €3,777 | +€112 | +3.1% |
| Trade debts | 44 | €9,265 | €38,949 | +€29,684 | +320% |
| Suppliers | 440/4 | €9,265 | €38,949 | +€29,684 | +320% |
| Taxes, remuneration and social security | 45 | €18,173 | €29,869 | +€11,696 | +64.4% |
| Taxes | 450/3 | €11,414 | €18,036 | +€6,622 | +58.0% |
| Remuneration and social security | 454/9 | €6,759 | €11,832 | +€5,074 | +75.1% |
| Other amounts payable | 47/48 | €1,575 | €694 | -€881 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,600 | €15 | -€1,585 | -99.0% |
| Remuneration, social security and pensions | 62 | €46,447 | €48,891 | +€2,444 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,984 | €2,440 | -€7,544 | -75.6% |
| Other operating charges | 640/8 | €2,312 | €1,909 | -€403 | -17.4% |
| Gross operating margin | 9900 | €93,259 | €24,040 | -€69,219 | -74.2% |
| Operating profit (loss) | 9901 | €34,516 | -€29,200 | -€63,716 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,760 | €3,943 | +€1,183 | +42.8% |
| Recurring financial charges | 65 | €2,760 | €3,943 | +€1,183 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €31,756 | -€33,143 | -€64,899 | |
| Income taxes | 67/77 | €5,783 | €264 | -€5,518 | -95.4% |
| Profit (loss) for the period | 9904 | €25,974 | -€33,407 | -€59,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,974 | -€33,407 | -€59,381 |
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 17 October 2026 via checked.be.