ADVISEO: 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.
ADVISEO
Largest movements
- Cash +€78,961
up €78,961 (+1,624%), from €4,862 to €83,823
mainly Net result for the year (+€358,291) and Current portion of long-term debt (+€79,955)
- Financial fixed assets +€37,500
up €37,500 (+1.3%), from €2.9m to €3.0m
- Profit (loss) carried forward +€358,291
up €358,291 (+44.6%), from €802,483 to €1.2m
- Debts after one year -€237,476
down €237,476 (-18.7%), from €1.3m to €1.0m
- Current portion of long-term debt +€79,955
up €79,955 (+45.8%), from €174,580 to €254,535
- Other debts -€79,495
down €79,495 (-14.2%), from €558,139 to €478,644
- Financial income -€177,408
down €177,408 (-32.1%), from €552,408 to €375,000
- Financial charges +€8,140
up €8,140 (+13.5%), from €60,273 to €68,413
- Gross operating margin +€4,001
up €4,001 (+6.2%), from €64,987 to €68,989
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 | €3,021,972 | €3,141,519 | +€119,547 | +4.0% |
| Fixed assets | 21/28 | €3,011,456 | €3,034,039 | +€22,583 | +0.7% |
| Tangible fixed assets | 22/27 | €90,512 | €75,594 | -€14,917 | -16.5% |
| Land and buildings | 22 | €76,916 | €73,262 | -€3,654 | -4.8% |
| Plant, machinery and equipment | 23 | €595 | €67 | -€528 | -88.7% |
| Leasing and similar rights | 25 | €13,000 | €2,265 | -€10,736 | -82.6% |
| Financial fixed assets | 28 | €2,920,945 | €2,958,445 | +€37,500 | +1.3% |
| Current assets | 29/58 | €10,516 | €107,480 | +€96,964 | +922% |
| Amounts receivable within one year | 40/41 | €5,341 | €22,554 | +€17,213 | +322% |
| Trade receivables | 40 | €2,541 | €22,554 | +€20,013 | +788% |
| Other amounts receivable | 41 | €2,800 | €0 | -€2,800 | -100% |
| Cash at bank and in hand | 54/58 | €4,862 | €83,823 | +€78,961 | +1,624% |
| Deferred charges and accrued income | 490/1 | €313 | €1,103 | +€789 | +252% |
| Total equity and liabilities | 10/49 | €3,021,972 | €3,141,519 | +€119,547 | +4.0% |
| Equity | 10/15 | €967,483 | €1,325,775 | +€358,291 | +37.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €802,483 | €1,160,775 | +€358,291 | +44.6% |
| Amounts payable | 17/49 | €2,054,489 | €1,815,745 | -€238,745 | -11.6% |
| Amounts payable after more than one year | 17 | €1,267,747 | €1,030,271 | -€237,476 | -18.7% |
| Financial debts | 170/4 | €1,267,747 | €1,030,271 | -€237,476 | -18.7% |
| Amounts payable within one year | 42/48 | €762,758 | €766,578 | +€3,820 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €174,580 | €254,535 | +€79,955 | +45.8% |
| Trade debts | 44 | €21,744 | €24,977 | +€3,233 | +14.9% |
| Suppliers | 440/4 | €21,744 | €24,977 | +€3,233 | +14.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,295 | €8,422 | +€127 | +1.5% |
| Taxes | 450/3 | €8,295 | €8,422 | +€127 | +1.5% |
| Other amounts payable | 47/48 | €558,139 | €478,644 | -€79,495 | -14.2% |
| Accrued charges and deferred income | 492/3 | €23,984 | €18,895 | -€5,088 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,917 | €14,917 | = | 0.0% |
| Other operating charges | 640/8 | €1,882 | €2,404 | +€522 | +27.7% |
| Non-recurring operating charges | 66A | €40 | €40 | = | 0.0% |
| Gross operating margin | 9900 | €64,987 | €68,989 | +€4,001 | +6.2% |
| Operating profit (loss) | 9901 | €48,149 | €51,628 | +€3,479 | +7.2% |
| Financial income | 75/76B | €552,408 | €375,000 | -€177,408 | -32.1% |
| Recurring financial income | 75 | €552,408 | €375,000 | -€177,408 | -32.1% |
| Financial charges | 65/66B | €60,273 | €68,413 | +€8,140 | +13.5% |
| Recurring financial charges | 65 | €60,273 | €68,413 | +€8,140 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €540,284 | €358,215 | -€182,069 | -33.7% |
| Income taxes | 67/77 | €334 | -€77 | -€411 | |
| Profit (loss) for the period | 9904 | €539,949 | €358,291 | -€181,658 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €539,949 | €358,291 | -€181,658 | -33.6% |
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 27 October 2026 via checked.be.