ADVILINE: 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.
ADVILINE
Largest movements
- Receivables within one year +€49,005
up €49,005 (+103%), from €47,604 to €96,609
of which Trade receivables: +€61,153
- Current investments -€45,597
down €45,597 (-46.8%), from €97,459 to €51,862
- Intangible fixed assets -€16,973
down €16,973 (-20.3%), from €83,450 to €66,477
- Tangible fixed assets -€12,380
down €12,380 (-66.7%), from €18,570 to €6,190
- Receivables after one year +€10,000
new in 2021: €10,000
- Tax, wage and social debts +€36,674
up €36,674 (+302%), from €12,148 to €48,821
of which Taxes: +€31,472
- Debts after one year -€30,840
down €30,840 (-38.4%), from €80,321 to €49,480
of which Other amounts payable: -€25,520
- Trade debts -€24,504
down €24,504 (-59.2%), from €41,422 to €16,919
- Reserves +€7,923
up €7,923 (+11.7%), from €67,944 to €75,867
of which Distributable reserves: +€7,923
- Other debts +€4,670
up €4,670 (+5,900%), from €79 to €4,749
- Gross operating margin +€47,518
up €47,518 (+88.1%), from €53,928 to €101,446
- Staff costs +€44,424
up €44,424 (+137%), from €32,434 to €76,858
- Depreciation +€7,072
up €7,072 (+93.0%), from €7,604 to €14,676
- Financial income +€5,991
up €5,991 (+4,496%), from €133 to €6,124
- Taxes +€2,768
up €2,768 (+47.6%), from €5,810 to €8,578
From the 2019 result to the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,386 | €268,733 | -€6,653 | -2.4% |
| Fixed assets | 21/28 | €102,065 | €72,712 | -€29,353 | -28.8% |
| Intangible fixed assets | 21 | €83,450 | €66,477 | -€16,973 | -20.3% |
| Tangible fixed assets | 22/27 | €18,570 | €6,190 | -€12,380 | -66.7% |
| Furniture and vehicles | 24 | €18,570 | €6,190 | -€12,380 | -66.7% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €173,322 | €196,021 | +€22,700 | +13.1% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €47,604 | €96,609 | +€49,005 | +103% |
| Trade receivables | 40 | €31,099 | €92,252 | +€61,153 | +197% |
| Other amounts receivable | 41 | €16,505 | €4,357 | -€12,148 | -73.6% |
| Current investments | 50/53 | €97,459 | €51,862 | -€45,597 | -46.8% |
| Cash at bank and in hand | 54/58 | €28,192 | €36,281 | +€8,089 | +28.7% |
| Deferred charges and accrued income | 490/1 | €67 | €1,270 | +€1,204 | +1,799% |
| Total equity and liabilities | 10/49 | €275,386 | €268,733 | -€6,653 | -2.4% |
| Equity | 10/15 | €138,426 | €146,349 | +€7,923 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €67,944 | €75,867 | +€7,923 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €66,084 | €74,007 | +€7,923 | +12.0% |
| Profit (loss) carried forward | 14 | €64,282 | €64,282 | = | 0.0% |
| Amounts payable | 17/49 | €136,960 | €122,384 | -€14,576 | -10.6% |
| Amounts payable after more than one year | 17 | €80,321 | €49,480 | -€30,840 | -38.4% |
| Financial debts | 170/4 | €5,321 | - | -€5,321 | |
| Other amounts payable | 178/9 | €75,000 | €49,480 | -€25,520 | -34.0% |
| Amounts payable within one year | 42/48 | €56,640 | €72,904 | +€16,264 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €2,991 | €2,415 | -€576 | -19.3% |
| Trade debts | 44 | €41,422 | €16,919 | -€24,504 | -59.2% |
| Suppliers | 440/4 | €41,422 | €16,919 | -€24,504 | -59.2% |
| Taxes, remuneration and social security | 45 | €12,148 | €48,821 | +€36,674 | +302% |
| Taxes | 450/3 | €4,209 | €35,681 | +€31,472 | +748% |
| Remuneration and social security | 454/9 | €7,939 | €13,141 | +€5,202 | +65.5% |
| Other amounts payable | 47/48 | €79 | €4,749 | +€4,670 | +5,900% |
| Remuneration, social security and pensions | 62 | €32,434 | €76,858 | +€44,424 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,604 | €14,676 | +€7,072 | +93.0% |
| Other operating charges | 640/8 | €3,137 | €1,790 | -€1,347 | -42.9% |
| Non-recurring operating charges | 66A | €411 | - | -€411 | |
| Gross operating margin | 9900 | €53,928 | €101,446 | +€47,518 | +88.1% |
| Operating profit (loss) | 9901 | €10,341 | €8,121 | -€2,220 | -21.5% |
| Financial income | 75/76B | €133 | €6,124 | +€5,991 | +4,496% |
| Recurring financial income | 75 | €133 | €6,124 | +€5,991 | +4,496% |
| Financial charges | 65/66B | €1,674 | €1,289 | -€385 | -23.0% |
| Recurring financial charges | 65 | €1,674 | €1,289 | -€385 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €8,800 | €12,956 | +€4,156 | +47.2% |
| Income taxes | 67/77 | €5,810 | €8,578 | +€2,768 | +47.6% |
| Profit (loss) for the period | 9904 | €2,990 | €4,378 | +€1,389 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,990 | €4,378 | +€1,389 | +46.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.