ADVIPAT: 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.
ADVIPAT
Largest movements
- Receivables after one year -€416,581
down €416,581 (-52.8%), from €788,337 to €371,756
- Cash +€408,268
up €408,268 (+71.1%), from €574,086 to €982,354
mainly Other debts (+€436,651) and Receivables after one year (+€416,581)
- Current investments -€187,860
down €187,860 (-10.8%), from €1.7m to €1.6m
- Receivables within one year -€133,950
down €133,950 (-49.2%), from €272,461 to €138,511
of which Other amounts receivable: -€159,150
- Financial fixed assets -€50,907
down €50,907 (-20.1%), from €253,364 to €202,457
- Reserves -€525,928
down €525,928 (-15.6%), from €3.4m to €2.8m
of which Distributable reserves: -€525,928
- Other debts +€436,651
up €436,651, from €0 to €436,651
- Current portion of long-term debt -€151,596
down €151,596 (-74.9%), from €202,419 to €50,823
- Tax, wage and social debts -€96,443
down €96,443 (-58.2%), from €165,703 to €69,260
- Debts after one year -€50,823
down €50,823 (-100%), from €50,823 to €0
- Financial income -€304,215
down €304,215 (-66.0%), from €460,656 to €156,441
- Gross operating margin -€276,562
down €276,562 (-95.6%), from €289,249 to €12,686
- Taxes -€106,526
down €106,526 (-74.2%), from €143,661 to €37,135
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 | €3,854,617 | €3,482,473 | -€372,144 | -9.7% |
| Fixed assets | 21/28 | €443,078 | €433,126 | -€9,952 | -2.2% |
| Tangible fixed assets | 22/27 | €189,714 | €230,668 | +€40,954 | +21.6% |
| Land and buildings | 22 | €180,507 | €170,341 | -€10,166 | -5.6% |
| Plant, machinery and equipment | 23 | €2,272 | €55,429 | +€53,158 | +2,340% |
| Furniture and vehicles | 24 | €6,935 | €4,898 | -€2,037 | -29.4% |
| Financial fixed assets | 28 | €253,364 | €202,457 | -€50,907 | -20.1% |
| Current assets | 29/58 | €3,411,538 | €3,049,347 | -€362,191 | -10.6% |
| Amounts receivable after more than one year | 29 | €788,337 | €371,756 | -€416,581 | -52.8% |
| Other amounts receivable | 291 | €788,337 | €371,756 | -€416,581 | -52.8% |
| Amounts receivable within one year | 40/41 | €272,461 | €138,511 | -€133,950 | -49.2% |
| Trade receivables | 40 | €0 | €25,200 | +€25,200 | |
| Other amounts receivable | 41 | €272,461 | €113,311 | -€159,150 | -58.4% |
| Current investments | 50/53 | €1,743,924 | €1,556,064 | -€187,860 | -10.8% |
| Cash at bank and in hand | 54/58 | €574,086 | €982,354 | +€408,268 | +71.1% |
| Deferred charges and accrued income | 490/1 | €32,731 | €662 | -€32,068 | -98.0% |
| Total equity and liabilities | 10/49 | €3,854,617 | €3,482,473 | -€372,144 | -9.7% |
| Equity | 10/15 | €3,388,211 | €2,862,283 | -€525,928 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,369,611 | €2,843,683 | -€525,928 | -15.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,369,611 | €2,843,683 | -€525,928 | -15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €466,406 | €620,190 | +€153,784 | +33.0% |
| Amounts payable after more than one year | 17 | €50,823 | €0 | -€50,823 | -100% |
| Financial debts | 170/4 | €50,823 | €0 | -€50,823 | -100% |
| Amounts payable within one year | 42/48 | €377,025 | €580,608 | +€203,583 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €202,419 | €50,823 | -€151,596 | -74.9% |
| Trade debts | 44 | €8,902 | €23,874 | +€14,972 | +168% |
| Suppliers | 440/4 | €8,902 | €23,874 | +€14,972 | +168% |
| Taxes, remuneration and social security | 45 | €165,703 | €69,260 | -€96,443 | -58.2% |
| Taxes | 450/3 | €165,703 | €69,260 | -€96,443 | -58.2% |
| Other amounts payable | 47/48 | €0 | €436,651 | +€436,651 | |
| Accrued charges and deferred income | 492/3 | €38,558 | €39,581 | +€1,024 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,145 | €14,877 | +€732 | +5.2% |
| Other operating charges | 640/8 | €4,296 | €4,362 | +€67 | +1.6% |
| Gross operating margin | 9900 | €289,249 | €12,686 | -€276,562 | -95.6% |
| Operating profit (loss) | 9901 | €270,808 | -€6,553 | -€277,361 | |
| Financial income | 75/76B | €460,656 | €156,441 | -€304,215 | -66.0% |
| Recurring financial income | 75 | €460,656 | €156,441 | -€304,215 | -66.0% |
| Financial charges | 65/66B | €21,418 | €19,228 | -€2,189 | -10.2% |
| Recurring financial charges | 65 | €21,418 | €19,228 | -€2,189 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €710,047 | €130,660 | -€579,386 | -81.6% |
| Income taxes | 67/77 | €143,661 | €37,135 | -€106,526 | -74.2% |
| Profit (loss) for the period | 9904 | €566,386 | €93,525 | -€472,861 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €566,386 | €93,525 | -€472,861 | -83.5% |
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 30 October 2026 via checked.be.