ADVISE ME: 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.
ADVISE ME
Largest movements
- Current investments +€123,826
up €123,826 (+135%), from €91,456 to €215,283
- Cash -€122,859
down €122,859 (-83.2%), from €147,735 to €24,876
mainly Current investments (-€123,826) and Investment in fixed assets (net) (-€39,130)
- Receivables within one year +€13,910
up €13,910 (+88.3%), from €15,756 to €29,665
of which Trade receivables: +€12,285
- Tangible fixed assets +€10,363
up €10,363 (+1.9%), from €546,528 to €556,891
of which Furniture and vehicles: +€35,838
- Reserves +€32,125
up €32,125 (+5.0%), from €648,775 to €680,900
of which Distributable reserves: +€46,200
- Provisions +€15,359
up €15,359, from -€15,359 to €0
- Taxes +€5,385
up €5,385 (+77.5%), from €6,945 to €12,330
- Other operating charges -€4,711
down €4,711 (-68.3%), from €6,893 to €2,182
- Financial income -€3,265
down €3,265 (-43.1%), from €7,575 to €4,310
- Gross operating margin -€2,703
down €2,703 (-4.0%), from €67,987 to €65,284
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 | €801,829 | €826,716 | +€24,887 | +3.1% |
| Fixed assets | 21/28 | €546,528 | €556,891 | +€10,363 | +1.9% |
| Tangible fixed assets | 22/27 | €546,528 | €556,891 | +€10,363 | +1.9% |
| Land and buildings | 22 | €423,109 | €403,217 | -€19,892 | -4.7% |
| Furniture and vehicles | 24 | €5,084 | €40,922 | +€35,838 | +705% |
| Other tangible fixed assets | 26 | €118,335 | €112,753 | -€5,583 | -4.7% |
| Current assets | 29/58 | €255,301 | €269,824 | +€14,524 | +5.7% |
| Amounts receivable within one year | 40/41 | €15,756 | €29,665 | +€13,910 | +88.3% |
| Trade receivables | 40 | €5,420 | €17,705 | +€12,285 | +227% |
| Other amounts receivable | 41 | €10,336 | €11,961 | +€1,625 | +15.7% |
| Current investments | 50/53 | €91,456 | €215,283 | +€123,826 | +135% |
| Cash at bank and in hand | 54/58 | €147,735 | €24,876 | -€122,859 | -83.2% |
| Deferred charges and accrued income | 490/1 | €353 | €0 | -€353 | -100% |
| Total equity and liabilities | 10/49 | €801,829 | €826,716 | +€24,887 | +3.1% |
| Equity | 10/15 | €679,898 | €712,023 | +€32,125 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €648,775 | €680,900 | +€32,125 | +5.0% |
| Tax-exempt reserves | 132 | €278,784 | €264,709 | -€14,075 | -5.0% |
| Distributable reserves | 133 | €369,991 | €416,191 | +€46,200 | +12.5% |
| Profit (loss) carried forward | 14 | €12,524 | €12,524 | = | 0.0% |
| Provisions and deferred taxes | 16 | €90,372 | €83,124 | -€7,248 | -8.0% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €90,372 | €83,124 | -€7,248 | -8.0% |
| Amounts payable | 17/49 | €31,558 | €31,568 | +€9 | 0.0% |
| Amounts payable after more than one year | 17 | €12,099 | €6,609 | -€5,490 | -45.4% |
| Financial debts | 170/4 | €12,099 | €6,609 | -€5,490 | -45.4% |
| Amounts payable within one year | 42/48 | €19,460 | €24,959 | +€5,499 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €5,332 | €5,490 | +€157 | +2.9% |
| Trade debts | 44 | €6,844 | €13,174 | +€6,330 | +92.5% |
| Suppliers | 440/4 | €6,844 | €13,174 | +€6,330 | +92.5% |
| Taxes, remuneration and social security | 45 | €7,283 | €6,295 | -€988 | -13.6% |
| Taxes | 450/3 | €7,283 | €6,295 | -€988 | -13.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,979 | €28,767 | +€787 | +2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,359 | €0 | +€15,359 | |
| Other operating charges | 640/8 | €6,893 | €2,182 | -€4,711 | -68.3% |
| Gross operating margin | 9900 | €67,987 | €65,284 | -€2,703 | -4.0% |
| Operating profit (loss) | 9901 | €48,474 | €34,335 | -€14,139 | -29.2% |
| Financial income | 75/76B | €7,575 | €4,310 | -€3,265 | -43.1% |
| Recurring financial income | 75 | €7,575 | €4,310 | -€3,265 | -43.1% |
| Financial charges | 65/66B | €979 | €1,439 | +€460 | +47.0% |
| Recurring financial charges | 65 | €834 | €1,439 | +€605 | +72.6% |
| Non-recurring financial charges | 66B | €146 | €0 | -€146 | -100% |
| Profit (loss) for the period before taxes | 9903 | €55,070 | €37,207 | -€17,863 | -32.4% |
| Transfer from deferred taxes | 780 | €7,247 | €7,248 | +€0 | 0.0% |
| Income taxes | 67/77 | €6,945 | €12,330 | +€5,385 | +77.5% |
| Profit (loss) for the period | 9904 | €55,372 | €32,125 | -€23,248 | -42.0% |
| Transfer from tax-exempt reserves | 789 | €14,075 | €14,075 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,447 | €46,200 | -€23,247 | -33.5% |
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 19 October 2026 via checked.be.