AdVo: what changed
Two fiscal 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.
AdVo
Largest movements
- Tangible fixed assets -€9,498
down €9,498 (-36.5%), from €26,056 to €16,558
- Cash -€7,326
down €7,326 (-82.9%), from €8,837 to €1,511
mainly Other debts (-€9,866) and Receivables within one year (-€5,184)
- Receivables within one year +€5,184
new in 2024: €5,184
- Other debts -€9,866
down €9,866 (-88.0%), from €11,217 to €1,351
- Tax, wage and social debts -€2,715
down €2,715 (-23.2%), from €11,690 to €8,975
of which Remuneration and social security: -€3,950
- Trade debts +€1,437
up €1,437 (+97.3%), from €1,477 to €2,914
- Profit (loss) carried forward -€496
down €496, from €9 to -€487
- Depreciation +€6,362
up €6,362 (+202.9%), from €3,136 to €9,498
- Gross operating margin -€2,109
down €2,109 (-13.5%), from €15,667 to €13,558
- Taxes -€2,086
down €2,086 (-56.6%), from €3,686 to €1,600
- Staff costs +€1,792
up €1,792 (+280.0%), from €640 to €2,432
- Financial charges +€247
new in 2024: €247
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,893 | €23,253 | -€11,640 | -33.4% |
| Fixed assets | 21/28 | €26,056 | €16,558 | -€9,498 | -36.5% |
| Tangible fixed assets | 22/27 | €26,056 | €16,558 | -€9,498 | -36.5% |
| Furniture and vehicles | 24 | €26,056 | €16,558 | -€9,498 | -36.5% |
| Current assets | 29/58 | €8,837 | €6,695 | -€2,142 | -24.2% |
| Amounts receivable within one year | 40/41 | - | €5,184 | +€5,184 | |
| Trade receivables | 40 | - | €5,184 | +€5,184 | |
| Cash at bank and in hand | 54/58 | €8,837 | €1,511 | -€7,326 | -82.9% |
| Total equity and liabilities | 10/49 | €34,893 | €23,253 | -€11,640 | -33.4% |
| Equity | 10/15 | €10,509 | €10,013 | -€496 | -4.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9 | -€487 | -€496 | |
| Amounts payable | 17/49 | €24,384 | €13,240 | -€11,144 | -45.7% |
| Amounts payable within one year | 42/48 | €24,384 | €13,240 | -€11,144 | -45.7% |
| Trade debts | 44 | €1,477 | €2,914 | +€1,437 | +97.3% |
| Suppliers | 440/4 | €1,477 | €2,914 | +€1,437 | +97.3% |
| Taxes, remuneration and social security | 45 | €11,690 | €8,975 | -€2,715 | -23.2% |
| Taxes | 450/3 | €7,740 | €8,975 | +€1,235 | +16.0% |
| Remuneration and social security | 454/9 | €3,950 | - | -€3,950 | |
| Other amounts payable | 47/48 | €11,217 | €1,351 | -€9,866 | -88.0% |
| Remuneration, social security and pensions | 62 | €640 | €2,432 | +€1,792 | +280.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,136 | €9,498 | +€6,362 | +202.9% |
| Other operating charges | 640/8 | €196 | €277 | +€81 | +41.4% |
| Gross operating margin | 9900 | €15,667 | €13,558 | -€2,109 | -13.5% |
| Operating profit (loss) | 9901 | €11,695 | €1,351 | -€10,344 | -88.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €247 | +€247 | |
| Recurring financial charges | 65 | - | €247 | +€247 | |
| Profit (loss) for the period before taxes | 9903 | €11,695 | €1,105 | -€10,590 | -90.6% |
| Income taxes | 67/77 | €3,686 | €1,600 | -€2,086 | -56.6% |
| Profit (loss) for the period | 9904 | €8,009 | -€496 | -€8,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,009 | -€496 | -€8,504 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.