ADVIFIN: 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.
ADVIFIN
Largest movements
- Cash +€293,469
up €293,469 (+1,024%), from €28,653 to €322,122
mainly Current investments (+€200,000) and Investment in fixed assets (net) (+€119,982)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Financial fixed assets -€125,000
down €125,000 (-100%), from €125,000 to €0
- Receivables within one year -€6,037
down €6,037 (-100%), from €6,037 to €0
of which Other amounts receivable: -€4,002
- Trade debts -€25,636
down €25,636 (-94.2%), from €27,210 to €1,574
- Tax, wage and social debts -€5,994
down €5,994 (-36.3%), from €16,520 to €10,526
of which Taxes: -€3,026
- Accrued charges and deferred income -€5,492
down €5,492 (-100%), from €5,492 to €0
- Other debts +€4,970
up €4,970 (+77.1%), from €6,447 to €11,417
- Reserves -€4,005
down €4,005 (-1.4%), from €293,587 to €289,582
of which Distributable reserves: -€4,005
- Gross operating margin -€369,340
down €369,340 (-99.5%), from €371,165 to €1,826
- Taxes -€77,712
down €77,712 (-99.6%), from €78,051 to €339
- Staff costs -€41,085
down €41,085 (-94.0%), from €43,705 to €2,620
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 | €367,856 | €331,699 | -€36,157 | -9.8% |
| Fixed assets | 21/28 | €130,483 | €7,740 | -€122,742 | -94.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,483 | €7,740 | +€2,258 | +41.2% |
| Plant, machinery and equipment | 23 | €1,744 | €4,847 | +€3,103 | +178% |
| Furniture and vehicles | 24 | €3,738 | €2,893 | -€845 | -22.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €125,000 | €0 | -€125,000 | -100% |
| Current assets | 29/58 | €237,373 | €323,958 | +€86,585 | +36.5% |
| Amounts receivable within one year | 40/41 | €6,037 | €0 | -€6,037 | -100% |
| Trade receivables | 40 | €2,035 | €0 | -€2,035 | -100% |
| Other amounts receivable | 41 | €4,002 | €0 | -€4,002 | -100% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €28,653 | €322,122 | +€293,469 | +1,024% |
| Deferred charges and accrued income | 490/1 | €2,683 | €1,836 | -€847 | -31.6% |
| Total equity and liabilities | 10/49 | €367,856 | €331,699 | -€36,157 | -9.8% |
| Equity | 10/15 | €312,187 | €308,182 | -€4,005 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €293,587 | €289,582 | -€4,005 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €291,727 | €287,722 | -€4,005 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,669 | €23,517 | -€32,152 | -57.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,177 | €23,517 | -€26,660 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €27,210 | €1,574 | -€25,636 | -94.2% |
| Suppliers | 440/4 | €27,210 | €1,574 | -€25,636 | -94.2% |
| Taxes, remuneration and social security | 45 | €16,520 | €10,526 | -€5,994 | -36.3% |
| Taxes | 450/3 | €11,301 | €8,275 | -€3,026 | -26.8% |
| Remuneration and social security | 454/9 | €5,218 | €2,251 | -€2,967 | -56.9% |
| Other amounts payable | 47/48 | €6,447 | €11,417 | +€4,970 | +77.1% |
| Accrued charges and deferred income | 492/3 | €5,492 | €0 | -€5,492 | -100% |
| Non-recurring operating income | 76A | €307,790 | €0 | -€307,790 | -100% |
| Remuneration, social security and pensions | 62 | €43,705 | €2,620 | -€41,085 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €2,760 | +€1,503 | +119% |
| Other operating charges | 640/8 | €349 | €311 | -€38 | -11.0% |
| Non-recurring operating charges | 66A | €72,120 | €0 | -€72,120 | -100% |
| Gross operating margin | 9900 | €371,165 | €1,826 | -€369,340 | -99.5% |
| Operating profit (loss) | 9901 | €253,733 | -€3,866 | -€257,599 | |
| Financial income | 75/76B | €241 | €905 | +€665 | +276% |
| Recurring financial income | 75 | €241 | €905 | +€665 | +276% |
| Financial charges | 65/66B | €2,147 | €705 | -€1,442 | -67.2% |
| Recurring financial charges | 65 | €2,147 | €705 | -€1,442 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €251,827 | -€3,665 | -€255,492 | |
| Income taxes | 67/77 | €78,051 | €339 | -€77,712 | -99.6% |
| Profit (loss) for the period | 9904 | €173,776 | -€4,005 | -€177,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €173,776 | -€4,005 | -€177,781 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.