ADVISIUM: 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.
ADVISIUM
Largest movements
- Current investments +€347,622
up €347,622 (+111%), from €312,177 to €659,799
- Cash -€225,568
down €225,568 (-73.8%), from €305,805 to €80,237
mainly Current investments (-€347,622) and Contributions, distributions and other (-€140,000)
- Receivables within one year -€140,168
down €140,168 (-69.7%), from €201,115 to €60,947
of which Trade receivables: -€141,328
- Tangible fixed assets -€74,044
down €74,044 (-15.0%), from €494,285 to €420,241
of which Land and buildings: -€89,586
- Tax, wage and social debts -€49,468
down €49,468 (-73.8%), from €67,033 to €17,565
- Debts after one year -€35,633
down €35,633 (-12.9%), from €277,295 to €241,662
- Gross operating margin -€100,162
down €100,162 (-26.0%), from €384,764 to €284,602
- Taxes -€22,655
down €22,655 (-26.8%), from €84,567 to €61,912
- Financial income +€14,133
up €14,133 (+272%), from €5,201 to €19,334
- Other operating charges -€4,657
down €4,657 (-53.9%), from €8,634 to €3,977
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 | €1,324,889 | €1,231,760 | -€93,130 | -7.0% |
| Fixed assets | 21/28 | €494,935 | €420,891 | -€74,044 | -15.0% |
| Tangible fixed assets | 22/27 | €494,285 | €420,241 | -€74,044 | -15.0% |
| Land and buildings | 22 | €477,059 | €387,473 | -€89,586 | -18.8% |
| Furniture and vehicles | 24 | €8,126 | €24,967 | +€16,841 | +207% |
| Other tangible fixed assets | 26 | €9,100 | €7,800 | -€1,300 | -14.3% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €829,954 | €810,869 | -€19,085 | -2.3% |
| Amounts receivable after more than one year | 29 | €6,547 | €6,499 | -€48 | -0.7% |
| Other amounts receivable | 291 | €6,547 | €6,499 | -€48 | -0.7% |
| Amounts receivable within one year | 40/41 | €201,115 | €60,947 | -€140,168 | -69.7% |
| Trade receivables | 40 | €197,957 | €56,629 | -€141,328 | -71.4% |
| Other amounts receivable | 41 | €3,159 | €4,319 | +€1,160 | +36.7% |
| Current investments | 50/53 | €312,177 | €659,799 | +€347,622 | +111% |
| Cash at bank and in hand | 54/58 | €305,805 | €80,237 | -€225,568 | -73.8% |
| Deferred charges and accrued income | 490/1 | €4,310 | €3,387 | -€924 | -21.4% |
| Total equity and liabilities | 10/49 | €1,324,889 | €1,231,760 | -€93,130 | -7.0% |
| Equity | 10/15 | €796,589 | €789,780 | -€6,808 | -0.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €766,049 | €759,241 | -€6,808 | -0.9% |
| Distributable reserves | 133 | €766,049 | €759,241 | -€6,808 | -0.9% |
| Profit (loss) carried forward | 14 | €28,540 | €28,540 | = | 0.0% |
| Amounts payable | 17/49 | €528,300 | €441,979 | -€86,321 | -16.3% |
| Amounts payable after more than one year | 17 | €277,295 | €241,662 | -€35,633 | -12.9% |
| Financial debts | 170/4 | €277,295 | €241,662 | -€35,633 | -12.9% |
| Amounts payable within one year | 42/48 | €250,905 | €200,317 | -€50,588 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €34,571 | €35,633 | +€1,062 | +3.1% |
| Trade debts | 44 | €16,301 | €7,119 | -€9,182 | -56.3% |
| Suppliers | 440/4 | €16,301 | €7,119 | -€9,182 | -56.3% |
| Taxes, remuneration and social security | 45 | €67,033 | €17,565 | -€49,468 | -73.8% |
| Taxes | 450/3 | €67,033 | €17,565 | -€49,468 | -73.8% |
| Other amounts payable | 47/48 | €133,000 | €140,000 | +€7,000 | +5.3% |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €94 | +€94 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,420 | €94,613 | -€807 | -0.8% |
| Other operating charges | 640/8 | €8,634 | €3,977 | -€4,657 | -53.9% |
| Gross operating margin | 9900 | €384,764 | €284,602 | -€100,162 | -26.0% |
| Operating profit (loss) | 9901 | €280,710 | €185,917 | -€94,793 | -33.8% |
| Financial income | 75/76B | €5,201 | €19,334 | +€14,133 | +272% |
| Recurring financial income | 75 | €5,201 | €19,334 | +€14,133 | +272% |
| Financial charges | 65/66B | €12,790 | €10,148 | -€2,642 | -20.7% |
| Recurring financial charges | 65 | €12,790 | €10,148 | -€2,642 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €273,120 | €195,103 | -€78,017 | -28.6% |
| Income taxes | 67/77 | €84,567 | €61,912 | -€22,655 | -26.8% |
| Profit (loss) for the period | 9904 | €188,554 | €133,192 | -€55,362 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €188,554 | €133,192 | -€55,362 | -29.4% |
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 15 October 2026 via checked.be.