ADVISAS: 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.
ADVISAS
Largest movements
- Cash +€127,876
up €127,876 (+1099.6%), from €11,629 to €139,505
mainly Receivables within one year (+€111,252) and Provisions (+€50,000)
- Receivables within one year -€111,252
down €111,252 (-79.5%), from €140,008 to €28,756
of which Trade receivables: -€103,188
- Tangible fixed assets +€8,113
up €8,113 (+422.2%), from €1,922 to €10,034
of which Furniture and vehicles: +€9,067
- Other debts -€54,380
down €54,380 (-95.6%), from €56,860 to €2,480
- Provisions +€50,000
new in 2025: €50,000
- Reserves +€12,200
up €12,200 (+20.7%), from €58,804 to €71,004
- Trade debts +€11,464
up €11,464 (+100.3%), from €11,434 to €22,898
- Tax, wage and social debts +€5,169
up €5,169 (+68.2%), from €7,581 to €12,750
- Gross operating margin +€122,459
up €122,459 (+460.9%), from €26,571 to €149,030
- Other operating charges +€64,344
up €64,344 (+2953.1%), from €2,179 to €66,523
- Provisions +€50,000
new in 2025: €50,000
- Write-downs +€17,724
new in 2025: €17,724
- Taxes -€14,711
down €14,711, from €13,999 to -€712
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 | €154,204 | €178,764 | +€24,560 | +15.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,383 | €10,503 | +€8,121 | +340.8% |
| Tangible fixed assets | 22/27 | €1,922 | €10,034 | +€8,113 | +422.2% |
| Plant, machinery and equipment | 23 | €1,922 | €968 | -€954 | -49.6% |
| Furniture and vehicles | 24 | €0 | €9,067 | +€9,067 | |
| Financial fixed assets | 28 | €461 | €469 | +€8 | +1.7% |
| Current assets | 29/58 | €151,822 | €168,261 | +€16,439 | +10.8% |
| Amounts receivable within one year | 40/41 | €140,008 | €28,756 | -€111,252 | -79.5% |
| Trade receivables | 40 | €123,618 | €20,430 | -€103,188 | -83.5% |
| Other amounts receivable | 41 | €16,390 | €8,326 | -€8,064 | -49.2% |
| Cash at bank and in hand | 54/58 | €11,629 | €139,505 | +€127,876 | +1099.6% |
| Deferred charges and accrued income | 490/1 | €184 | - | -€184 | |
| Total equity and liabilities | 10/49 | €154,204 | €178,764 | +€24,560 | +15.9% |
| Equity | 10/15 | €78,329 | €90,635 | +€12,306 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,804 | €71,004 | +€12,200 | +20.7% |
| Distributable reserves | 133 | €58,804 | €71,004 | +€12,200 | +20.7% |
| Profit (loss) carried forward | 14 | €13,325 | €13,431 | +€106 | +0.8% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Other liabilities and charges | 164/5 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €75,875 | €38,129 | -€37,746 | -49.7% |
| Amounts payable within one year | 42/48 | €75,875 | €38,129 | -€37,746 | -49.7% |
| Trade debts | 44 | €11,434 | €22,898 | +€11,464 | +100.3% |
| Suppliers | 440/4 | €11,434 | €22,898 | +€11,464 | +100.3% |
| Taxes, remuneration and social security | 45 | €7,581 | €12,750 | +€5,169 | +68.2% |
| Taxes | 450/3 | €7,581 | €12,750 | +€5,169 | +68.2% |
| Other amounts payable | 47/48 | €56,860 | €2,480 | -€54,380 | -95.6% |
| Non-recurring operating income | 76A | - | €150,000 | +€150,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €2,541 | +€1,819 | +251.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,724 | +€17,724 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €2,179 | €66,523 | +€64,344 | +2953.1% |
| Gross operating margin | 9900 | €26,571 | €149,030 | +€122,459 | +460.9% |
| Operating profit (loss) | 9901 | €23,670 | €12,242 | -€11,428 | -48.3% |
| Financial income | 75/76B | €130 | €0 | -€130 | -100.0% |
| Recurring financial income | 75 | €130 | €0 | -€130 | -100.0% |
| Financial charges | 65/66B | €162 | €648 | +€486 | +300.0% |
| Recurring financial charges | 65 | €162 | €648 | +€486 | +300.0% |
| Profit (loss) for the period before taxes | 9903 | €23,639 | €11,594 | -€12,044 | -51.0% |
| Income taxes | 67/77 | €13,999 | -€712 | -€14,711 | |
| Profit (loss) for the period | 9904 | €9,640 | €12,306 | +€2,666 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,640 | €12,306 | +€2,666 | +27.7% |
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 5 October 2026 via checked.be.