ADVIMAX: what changed
Two fiscal 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.
ADVIMAX
Largest movements
- Cash +€59,195
up €59,195 (+477.3%), from €12,402 to €71,597
mainly Net result for the year (+€77,686) and Receivables within one year (+€13,935)
- Receivables within one year -€13,935
down €13,935 (-47.8%), from €29,135 to €15,200
- Tangible fixed assets -€5,020
down €5,020 (-15.7%), from €31,921 to €26,900
of which Other tangible fixed assets: -€4,086
- Profit (loss) carried forward +€57,874
no longer reported in 2026 (was -€57,874)
- Other debts -€21,396
down €21,396 (-64.9%), from €32,971 to €11,575
- Reserves +€19,812
up €19,812 (+38.2%), from €51,860 to €71,672
of which Distributable reserves: +€69,812
- Tax, wage and social debts -€15,302
down €15,302 (-45.8%), from €33,405 to €18,103
of which Taxes: -€8,441
- Financial charges -€106,390
down €106,390 (-99.5%), from €106,956 to €566
- Gross operating margin +€79,720
up €79,720 (+1330.2%), from €5,993 to €85,713
- Taxes +€1,981
new in 2026: €1,981
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,458 | €114,147 | +€40,689 | +55.4% |
| Fixed assets | 21/28 | €31,921 | €26,900 | -€5,020 | -15.7% |
| Tangible fixed assets | 22/27 | €31,921 | €26,900 | -€5,020 | -15.7% |
| Furniture and vehicles | 24 | €2,062 | €1,128 | -€934 | -45.3% |
| Other tangible fixed assets | 26 | €29,858 | €25,772 | -€4,086 | -13.7% |
| Current assets | 29/58 | €41,537 | €87,246 | +€45,709 | +110.0% |
| Amounts receivable within one year | 40/41 | €29,135 | €15,200 | -€13,935 | -47.8% |
| Trade receivables | 40 | €29,135 | €15,200 | -€13,935 | -47.8% |
| Cash at bank and in hand | 54/58 | €12,402 | €71,597 | +€59,195 | +477.3% |
| Deferred charges and accrued income | 490/1 | - | €449 | +€449 | |
| Total equity and liabilities | 10/49 | €73,458 | €114,147 | +€40,689 | +55.4% |
| Equity | 10/15 | €6,386 | €84,072 | +€77,686 | +1216.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €71,672 | +€19,812 | +38.2% |
| 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 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | - | €69,812 | +€69,812 | |
| Profit (loss) carried forward | 14 | -€57,874 | - | +€57,874 | |
| Amounts payable | 17/49 | €67,072 | €30,075 | -€36,997 | -55.2% |
| Amounts payable within one year | 42/48 | €66,376 | €30,075 | -€36,301 | -54.7% |
| Trade debts | 44 | - | €397 | +€397 | |
| Suppliers | 440/4 | - | €397 | +€397 | |
| Taxes, remuneration and social security | 45 | €33,405 | €18,103 | -€15,302 | -45.8% |
| Taxes | 450/3 | €26,544 | €18,103 | -€8,441 | -31.8% |
| Remuneration and social security | 454/9 | €6,861 | - | -€6,861 | |
| Other amounts payable | 47/48 | €32,971 | €11,575 | -€21,396 | -64.9% |
| Accrued charges and deferred income | 492/3 | €696 | - | -€696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,879 | €5,020 | +€141 | +2.9% |
| Other operating charges | 640/8 | - | €460 | +€460 | |
| Gross operating margin | 9900 | €5,993 | €85,713 | +€79,720 | +1330.2% |
| Operating profit (loss) | 9901 | €1,114 | €80,233 | +€79,119 | +7100.7% |
| Financial charges | 65/66B | €106,956 | €566 | -€106,390 | -99.5% |
| Recurring financial charges | 65 | €106,956 | €566 | -€106,390 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€105,842 | €79,667 | +€185,509 | |
| Income taxes | 67/77 | - | €1,981 | +€1,981 | |
| Profit (loss) for the period | 9904 | -€105,842 | €77,686 | +€183,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105,842 | €77,686 | +€183,527 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.