ADVINSA: 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.
ADVINSA
Largest movements
- Cash +€78,955
up €78,955 (+27.9%), from €282,847 to €361,803
mainly Net result for the year (+€95,971) and Receivables within one year (+€22,139)
- Current investments +€30,606
up €30,606 (+16.9%), from €181,406 to €212,012
- Receivables within one year -€22,139
down €22,139 (-53.8%), from €41,147 to €19,009
of which Trade receivables: -€23,607
- Tangible fixed assets -€6,760
down €6,760 (-16.3%), from €41,558 to €34,798
of which Furniture and vehicles: -€8,380
- Reserves +€95,971
up €95,971 (+21.3%), from €450,901 to €546,872
- Trade debts -€10,602
down €10,602 (-66.1%), from €16,040 to €5,438
- Tax, wage and social debts -€9,069
down €9,069 (-61.7%), from €14,701 to €5,632
- Depreciation +€6,436
up €6,436 (+253.8%), from €2,535 to €8,972
- Taxes -€2,873
down €2,873 (-6.8%), from €42,276 to €39,403
- Financial income -€2,201
down €2,201 (-38.6%), from €5,703 to €3,503
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.
Cash bridge derived
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 | €548,326 | €628,808 | +€80,481 | +14.7% |
| Fixed assets | 21/28 | €41,558 | €34,798 | -€6,760 | -16.3% |
| Tangible fixed assets | 22/27 | €41,558 | €34,798 | -€6,760 | -16.3% |
| Furniture and vehicles | 24 | €40,652 | €32,273 | -€8,380 | -20.6% |
| Other tangible fixed assets | 26 | €906 | €2,525 | +€1,620 | +178.8% |
| Current assets | 29/58 | €506,768 | €594,010 | +€87,242 | +17.2% |
| Amounts receivable within one year | 40/41 | €41,147 | €19,009 | -€22,139 | -53.8% |
| Trade receivables | 40 | €41,147 | €17,541 | -€23,607 | -57.4% |
| Other amounts receivable | 41 | - | €1,468 | +€1,468 | |
| Current investments | 50/53 | €181,406 | €212,012 | +€30,606 | +16.9% |
| Cash at bank and in hand | 54/58 | €282,847 | €361,803 | +€78,955 | +27.9% |
| Deferred charges and accrued income | 490/1 | €1,368 | €1,187 | -€181 | -13.2% |
| Total equity and liabilities | 10/49 | €548,326 | €628,808 | +€80,481 | +14.7% |
| Equity | 10/15 | €469,501 | €565,472 | +€95,971 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450,901 | €546,872 | +€95,971 | +21.3% |
| Distributable reserves | 133 | €450,901 | €546,872 | +€95,971 | +21.3% |
| Amounts payable | 17/49 | €78,825 | €63,336 | -€15,490 | -19.7% |
| Amounts payable within one year | 42/48 | €77,760 | €62,172 | -€15,588 | -20.0% |
| Trade debts | 44 | €16,040 | €5,438 | -€10,602 | -66.1% |
| Suppliers | 440/4 | €16,040 | €5,438 | -€10,602 | -66.1% |
| Taxes, remuneration and social security | 45 | €14,701 | €5,632 | -€9,069 | -61.7% |
| Taxes | 450/3 | €14,701 | €5,632 | -€9,069 | -61.7% |
| Other amounts payable | 47/48 | €47,019 | €51,102 | +€4,084 | +8.7% |
| Accrued charges and deferred income | 492/3 | €1,066 | €1,164 | +€98 | +9.2% |
| Non-recurring operating income | 76A | €622 | - | -€622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,535 | €8,972 | +€6,436 | +253.8% |
| Other operating charges | 640/8 | €1,361 | €933 | -€428 | -31.4% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €143,178 | €142,373 | -€804 | -0.6% |
| Operating profit (loss) | 9901 | €139,281 | €132,109 | -€7,173 | -5.1% |
| Financial income | 75/76B | €5,703 | €3,503 | -€2,201 | -38.6% |
| Recurring financial income | 75 | €5,703 | €3,503 | -€2,201 | -38.6% |
| Financial charges | 65/66B | €192 | €237 | +€45 | +23.2% |
| Recurring financial charges | 65 | €192 | €237 | +€45 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €144,792 | €135,374 | -€9,418 | -6.5% |
| Income taxes | 67/77 | €42,276 | €39,403 | -€2,873 | -6.8% |
| Profit (loss) for the period | 9904 | €102,516 | €95,971 | -€6,545 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,516 | €95,971 | -€6,545 | -6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.