Advisory Lab: 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.
Advisory Lab
Largest movements
- Receivables after one year -€16,542
down €16,542 (-36.7%), from €45,067 to €28,525
- Cash +€5,864
up €5,864 (+20.5%), from €28,653 to €34,517
mainly Receivables after one year (+€16,542) and Other debts (+€10,100)
- Receivables within one year -€3,545
down €3,545 (-19.9%), from €17,840 to €14,295
of which Other amounts receivable: -€3,141
- Tangible fixed assets +€2,654
up €2,654 (+83.4%), from €3,181 to €5,835
of which Plant, machinery and equipment: +€3,010
- Accrued charges and deferred income -€15,158
down €15,158 (-34.7%), from €43,683 to €28,525
- Other debts +€10,100
up €10,100 (+38.0%), from €26,610 to €36,709
- Reserves -€5,492
down €5,492 (-38.9%), from €14,130 to €8,638
of which Distributable reserves: -€5,492
- Tax, wage and social debts -€1,020
down €1,020 (-9.9%), from €10,320 to €9,300
- Gross operating margin -€2,723
down €2,723 (-6.8%), from €39,759 to €37,037
- Taxes +€1,946
up €1,946 (+48.5%), from €4,012 to €5,957
- Financial income -€837
down €837 (-55.1%), from €1,520 to €682
- Financial charges -€577
down €577 (-2.1%), from €27,207 to €26,630
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 | €94,742 | €83,172 | -€11,570 | -12.2% |
| Fixed assets | 21/28 | €3,181 | €5,835 | +€2,654 | +83.4% |
| Tangible fixed assets | 22/27 | €3,181 | €5,835 | +€2,654 | +83.4% |
| Plant, machinery and equipment | 23 | €1,527 | €4,537 | +€3,010 | +197% |
| Furniture and vehicles | 24 | €1,654 | €1,298 | -€356 | -21.5% |
| Current assets | 29/58 | €91,560 | €77,337 | -€14,224 | -15.5% |
| Amounts receivable after more than one year | 29 | €45,067 | €28,525 | -€16,542 | -36.7% |
| Other amounts receivable | 291 | €45,067 | €28,525 | -€16,542 | -36.7% |
| Amounts receivable within one year | 40/41 | €17,840 | €14,295 | -€3,545 | -19.9% |
| Trade receivables | 40 | €13,691 | €13,287 | -€404 | -3.0% |
| Other amounts receivable | 41 | €4,149 | €1,008 | -€3,141 | -75.7% |
| Cash at bank and in hand | 54/58 | €28,653 | €34,517 | +€5,864 | +20.5% |
| Total equity and liabilities | 10/49 | €94,742 | €83,172 | -€11,570 | -12.2% |
| Equity | 10/15 | €14,130 | €8,638 | -€5,492 | -38.9% |
| Reserves | 13 | €14,130 | €8,638 | -€5,492 | -38.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,270 | €6,778 | -€5,492 | -44.8% |
| Amounts payable | 17/49 | €80,612 | €74,534 | -€6,078 | -7.5% |
| Amounts payable within one year | 42/48 | €36,930 | €46,009 | +€9,080 | +24.6% |
| Taxes, remuneration and social security | 45 | €10,320 | €9,300 | -€1,020 | -9.9% |
| Taxes | 450/3 | €10,320 | €9,300 | -€1,020 | -9.9% |
| Other amounts payable | 47/48 | €26,610 | €36,709 | +€10,100 | +38.0% |
| Accrued charges and deferred income | 492/3 | €43,683 | €28,525 | -€15,158 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €1,622 | -€264 | -14.0% |
| Gross operating margin | 9900 | €39,759 | €37,037 | -€2,723 | -6.8% |
| Operating profit (loss) | 9901 | €37,873 | €35,415 | -€2,458 | -6.5% |
| Financial income | 75/76B | €1,520 | €682 | -€837 | -55.1% |
| Recurring financial income | 75 | €1,520 | €682 | -€837 | -55.1% |
| Financial charges | 65/66B | €27,207 | €26,630 | -€577 | -2.1% |
| Recurring financial charges | 65 | €27,207 | €26,630 | -€577 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €12,186 | €9,467 | -€2,719 | -22.3% |
| Income taxes | 67/77 | €4,012 | €5,957 | +€1,946 | +48.5% |
| Profit (loss) for the period | 9904 | €8,174 | €3,510 | -€4,665 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,174 | €3,510 | -€4,665 | -57.1% |
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 17 October 2026 via checked.be.