ADVISTEEL: 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.
ADVISTEEL
Largest movements
- Intangible fixed assets -€17,148
down €17,148 (-33.4%), from €51,408 to €34,260
- Cash -€10,881
down €10,881 (-44.3%), from €24,549 to €13,669
mainly Contributions, distributions and other (-€66,696) and Debts after one year (-€8,953)
- Receivables within one year +€6,811
up €6,811 (+20.9%), from €32,566 to €39,377
of which Trade receivables: +€12,901
- Tangible fixed assets +€4,886
up €4,886 (+12008.1%), from €41 to €4,927
- Deferred charges and accrued income +€2,042
up €2,042 (+29.5%), from €6,912 to €8,954
- Reserves -€44,456
down €44,456 (-100.0%), from €44,456 to €0
- Other debts +€38,022
up €38,022 (+370.4%), from €10,264 to €48,286
- Debts after one year -€8,953
down €8,953 (-47.4%), from €18,890 to €9,937
- Gross operating margin +€16,824
up €16,824 (+18.0%), from €93,689 to €110,514
- Staff costs +€13,043
up €13,043 (+30.7%), from €42,496 to €55,538
- Other operating charges +€2,082
up €2,082 (+125.2%), from €1,662 to €3,744
- Financial charges +€1,517
up €1,517 (+46.5%), from €3,262 to €4,779
of which Financial charges: +€1,761
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 | €115,876 | €101,586 | -€14,290 | -12.3% |
| Fixed assets | 21/28 | €51,849 | €39,587 | -€12,262 | -23.6% |
| Intangible fixed assets | 21 | €51,408 | €34,260 | -€17,148 | -33.4% |
| Tangible fixed assets | 22/27 | €41 | €4,927 | +€4,886 | +12008.1% |
| Furniture and vehicles | 24 | €41 | €4,927 | +€4,886 | +12008.1% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €64,028 | €62,000 | -€2,028 | -3.2% |
| Amounts receivable within one year | 40/41 | €32,566 | €39,377 | +€6,811 | +20.9% |
| Trade receivables | 40 | €26,476 | €39,377 | +€12,901 | +48.7% |
| Other amounts receivable | 41 | €6,090 | €0 | -€6,090 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,549 | €13,669 | -€10,881 | -44.3% |
| Deferred charges and accrued income | 490/1 | €6,912 | €8,954 | +€2,042 | +29.5% |
| Total equity and liabilities | 10/49 | €115,876 | €101,586 | -€14,290 | -12.3% |
| Equity | 10/15 | €49,456 | €5,000 | -€44,456 | -89.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,456 | €0 | -€44,456 | -100.0% |
| Distributable reserves | 133 | €44,456 | €0 | -€44,456 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €66,420 | €96,586 | +€30,166 | +45.4% |
| Amounts payable after more than one year | 17 | €18,890 | €9,937 | -€8,953 | -47.4% |
| Financial debts | 170/4 | €18,890 | €9,937 | -€8,953 | -47.4% |
| Amounts payable within one year | 42/48 | €47,530 | €86,649 | +€39,119 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | €8,747 | €8,953 | +€206 | +2.4% |
| Trade debts | 44 | €2,992 | €3,589 | +€597 | +20.0% |
| Suppliers | 440/4 | €2,992 | €3,589 | +€597 | +20.0% |
| Taxes, remuneration and social security | 45 | €25,527 | €25,821 | +€294 | +1.2% |
| Taxes | 450/3 | €25,527 | €23,821 | -€1,706 | -6.7% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €10,264 | €48,286 | +€38,022 | +370.4% |
| Remuneration, social security and pensions | 62 | €42,496 | €55,538 | +€13,043 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,315 | €17,842 | +€527 | +3.0% |
| Other operating charges | 640/8 | €1,662 | €3,744 | +€2,082 | +125.2% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €93,689 | €110,514 | +€16,824 | +18.0% |
| Operating profit (loss) | 9901 | €32,217 | €33,390 | +€1,172 | +3.6% |
| Financial income | 75/76B | €12 | €3 | -€10 | -79.3% |
| Recurring financial income | 75 | €12 | €3 | -€10 | -79.3% |
| Financial charges | 65/66B | €3,262 | €4,779 | +€1,517 | +46.5% |
| Recurring financial charges | 65 | €3,018 | €4,779 | +€1,761 | +58.4% |
| Non-recurring financial charges | 66B | €244 | - | -€244 | |
| Profit (loss) for the period before taxes | 9903 | €28,968 | €28,613 | -€355 | -1.2% |
| Income taxes | 67/77 | €5,610 | €6,373 | +€763 | +13.6% |
| Profit (loss) for the period | 9904 | €23,358 | €22,239 | -€1,118 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,358 | €22,239 | -€1,118 | -4.8% |
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 11 October 2026 via checked.be.