ADVISART: 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.
ADVISART
Largest movements
- Cash +€61,765
up €61,765 (+76.4%), from €80,868 to €142,632
mainly Current investments (+€41,124) and Net result for the year (+€36,472)
- Current investments -€41,124
down €41,124 (-91.1%), from €45,125 to €4,001
- Receivables within one year -€8,871
down €8,871 (-31.4%), from €28,226 to €19,355
of which Trade receivables: -€8,871
- Tangible fixed assets +€3,944
up €3,944 (+938.4%), from €420 to €4,364
of which Furniture and vehicles: +€4,364
- Intangible fixed assets -€3,070
down €3,070 (-25.4%), from €12,081 to €9,011
- Reserves +€36,472
up €36,472 (+19.6%), from €186,356 to €222,828
- Other debts -€12,636
down €12,636 (-67.4%), from €18,739 to €6,103
- Trade debts -€11,812
down €11,812 (-77.7%), from €15,209 to €3,397
- Tax, wage and social debts +€5,072
up €5,072 (+80.2%), from €6,323 to €11,395
of which Taxes: +€3,258
- Current portion of long-term debt -€4,091
down €4,091 (-100.0%), from €4,091 to €0
- Gross operating margin -€12,575
down €12,575 (-16.7%), from €75,505 to €62,930
- Taxes +€846
up €846 (+4.5%), from €18,992 to €19,838
- Other operating charges -€777
down €777 (-46.8%), from €1,661 to €884
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 | €237,366 | €250,080 | +€12,714 | +5.4% |
| Fixed assets | 21/28 | €82,552 | €83,425 | +€874 | +1.1% |
| Intangible fixed assets | 21 | €12,081 | €9,011 | -€3,070 | -25.4% |
| Tangible fixed assets | 22/27 | €420 | €4,364 | +€3,944 | +938.4% |
| Plant, machinery and equipment | 23 | €420 | €0 | -€420 | -100.0% |
| Furniture and vehicles | 24 | - | €4,364 | +€4,364 | |
| Financial fixed assets | 28 | €70,050 | €70,050 | = | 0.0% |
| Current assets | 29/58 | €154,815 | €166,655 | +€11,840 | +7.6% |
| Amounts receivable within one year | 40/41 | €28,226 | €19,355 | -€8,871 | -31.4% |
| Trade receivables | 40 | €28,226 | €19,355 | -€8,871 | -31.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €45,125 | €4,001 | -€41,124 | -91.1% |
| Cash at bank and in hand | 54/58 | €80,868 | €142,632 | +€61,765 | +76.4% |
| Deferred charges and accrued income | 490/1 | €596 | €666 | +€70 | +11.8% |
| Total equity and liabilities | 10/49 | €237,366 | €250,080 | +€12,714 | +5.4% |
| Equity | 10/15 | €192,556 | €229,028 | +€36,472 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,356 | €222,828 | +€36,472 | +19.6% |
| Distributable reserves | 133 | €186,356 | €222,828 | +€36,472 | +19.6% |
| Amounts payable | 17/49 | €44,810 | €21,052 | -€23,758 | -53.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,810 | €21,052 | -€23,758 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €4,091 | €0 | -€4,091 | -100.0% |
| Financial debts | 43 | €449 | €157 | -€292 | -65.0% |
| Other loans | 439 | €449 | €157 | -€292 | -65.0% |
| Trade debts | 44 | €15,209 | €3,397 | -€11,812 | -77.7% |
| Suppliers | 440/4 | €15,209 | €3,397 | -€11,812 | -77.7% |
| Taxes, remuneration and social security | 45 | €6,323 | €11,395 | +€5,072 | +80.2% |
| Taxes | 450/3 | €6,323 | €9,581 | +€3,258 | +51.5% |
| Remuneration and social security | 454/9 | €0 | €1,814 | +€1,814 | |
| Other amounts payable | 47/48 | €18,739 | €6,103 | -€12,636 | -67.4% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,076 | €3,641 | -€434 | -10.7% |
| Other operating charges | 640/8 | €1,661 | €884 | -€777 | -46.8% |
| Gross operating margin | 9900 | €75,505 | €62,930 | -€12,575 | -16.7% |
| Operating profit (loss) | 9901 | €69,769 | €58,405 | -€11,364 | -16.3% |
| Financial income | 75/76B | €161 | €343 | +€182 | +112.9% |
| Recurring financial income | 75 | €161 | €343 | +€182 | +112.9% |
| Financial charges | 65/66B | €2,542 | €2,439 | -€103 | -4.1% |
| Recurring financial charges | 65 | €2,542 | €2,439 | -€103 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €67,388 | €56,310 | -€11,079 | -16.4% |
| Income taxes | 67/77 | €18,992 | €19,838 | +€846 | +4.5% |
| Profit (loss) for the period | 9904 | €48,397 | €36,472 | -€11,925 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,397 | €36,472 | -€11,925 | -24.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.