ADVITAS: 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.
ADVITAS
Largest movements
- Tangible fixed assets +€306,510
up €306,510 (+52.2%), from €587,624 to €894,135
of which Land and buildings: +€396,173
- Receivables within one year -€87,628
down €87,628 (-26.7%), from €328,062 to €240,434
of which Trade receivables: -€79,445
- Cash -€80,681
down €80,681 (-17.1%), from €472,242 to €391,561
mainly Investment in fixed assets (net) (-€345,479) and Contributions, distributions and other (-€58,600)
- Reserves +€148,332
up €148,332 (+16.3%), from €909,987 to €1.1m
- Trade debts +€33,822
up €33,822 (+99.8%), from €33,900 to €67,722
- Accrued charges and deferred income -€32,715
down €32,715 (-18.7%), from €175,344 to €142,629
- Current portion of long-term debt -€32,084
down €32,084 (-67.5%), from €47,506 to €15,422
- Tax, wage and social debts +€18,920
up €18,920 (+28.7%), from €65,964 to €84,883
of which Remuneration and social security: +€10,901
- Staff costs -€13,597
down €13,597 (-5.7%), from €238,721 to €225,124
- Taxes -€5,922
down €5,922 (-5.7%), from €103,324 to €97,402
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 | €1,412,294 | €1,537,648 | +€125,353 | +8.9% |
| Fixed assets | 21/28 | €595,738 | €902,647 | +€306,910 | +51.5% |
| Intangible fixed assets | 21 | €8,113 | €7,792 | -€321 | -4.0% |
| Tangible fixed assets | 22/27 | €587,624 | €894,135 | +€306,510 | +52.2% |
| Land and buildings | 22 | €400,457 | €796,630 | +€396,173 | +98.9% |
| Plant, machinery and equipment | 23 | €838 | €1,585 | +€747 | +89.2% |
| Furniture and vehicles | 24 | €11,530 | €57,123 | +€45,593 | +395% |
| Other tangible fixed assets | 26 | €52,174 | €38,796 | -€13,378 | -25.6% |
| Assets under construction and advance payments | 27 | €122,625 | - | -€122,625 | |
| Financial fixed assets | 28 | - | €720 | +€720 | |
| Current assets | 29/58 | €816,557 | €635,001 | -€181,556 | -22.2% |
| Amounts receivable within one year | 40/41 | €328,062 | €240,434 | -€87,628 | -26.7% |
| Trade receivables | 40 | €319,880 | €240,434 | -€79,445 | -24.8% |
| Other amounts receivable | 41 | €8,183 | - | -€8,183 | |
| Cash at bank and in hand | 54/58 | €472,242 | €391,561 | -€80,681 | -17.1% |
| Deferred charges and accrued income | 490/1 | €16,252 | €3,005 | -€13,247 | -81.5% |
| Total equity and liabilities | 10/49 | €1,412,294 | €1,537,648 | +€125,353 | +8.9% |
| Equity | 10/15 | €916,187 | €1,064,518 | +€148,332 | +16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €909,987 | €1,058,318 | +€148,332 | +16.3% |
| Distributable reserves | 133 | €909,987 | €1,058,318 | +€148,332 | +16.3% |
| Amounts payable | 17/49 | €496,107 | €473,129 | -€22,978 | -4.6% |
| Amounts payable after more than one year | 17 | €71,699 | €56,277 | -€15,422 | -21.5% |
| Financial debts | 170/4 | €71,699 | €56,277 | -€15,422 | -21.5% |
| Amounts payable within one year | 42/48 | €249,064 | €274,223 | +€25,159 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €47,506 | €15,422 | -€32,084 | -67.5% |
| Trade debts | 44 | €33,900 | €67,722 | +€33,822 | +99.8% |
| Suppliers | 440/4 | €33,900 | €67,722 | +€33,822 | +99.8% |
| Taxes, remuneration and social security | 45 | €65,964 | €84,883 | +€18,920 | +28.7% |
| Taxes | 450/3 | €38,525 | €46,544 | +€8,019 | +20.8% |
| Remuneration and social security | 454/9 | €27,438 | €38,339 | +€10,901 | +39.7% |
| Other amounts payable | 47/48 | €101,694 | €106,195 | +€4,501 | +4.4% |
| Accrued charges and deferred income | 492/3 | €175,344 | €142,629 | -€32,715 | -18.7% |
| Remuneration, social security and pensions | 62 | €238,721 | €225,124 | -€13,597 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,418 | €38,569 | +€3,151 | +8.9% |
| Other operating charges | 640/8 | €4,289 | €4,697 | +€408 | +9.5% |
| Non-recurring operating charges | 66A | €350 | - | -€350 | |
| Gross operating margin | 9900 | €580,853 | €579,789 | -€1,064 | -0.2% |
| Operating profit (loss) | 9901 | €302,075 | €311,398 | +€9,323 | +3.1% |
| Financial income | 75/76B | €2,329 | €4,081 | +€1,752 | +75.3% |
| Recurring financial income | 75 | €2,329 | €4,081 | +€1,752 | +75.3% |
| Financial charges | 65/66B | €11,944 | €11,146 | -€798 | -6.7% |
| Recurring financial charges | 65 | €11,555 | €10,736 | -€819 | -7.1% |
| Non-recurring financial charges | 66B | €388 | €410 | +€22 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €292,460 | €304,333 | +€11,873 | +4.1% |
| Income taxes | 67/77 | €103,324 | €97,402 | -€5,922 | -5.7% |
| Profit (loss) for the period | 9904 | €189,136 | €206,932 | +€17,795 | +9.4% |
| Transfer from tax-exempt reserves | 789 | €106,800 | - | -€106,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €295,936 | €206,932 | -€89,005 | -30.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.