ADVO DP: 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.
ADVO DP
Largest movements
- Cash -€46,430
down €46,430 (-54.6%), from €84,966 to €38,536
mainly Other debts (-€43,158) and Receivables within one year (-€20,849)
- Receivables within one year +€20,849
up €20,849 (+191%), from €10,933 to €31,782
- Deferred charges and accrued income -€14,815
no longer reported in 2025 (was €14,815)
- Intangible fixed assets -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Tangible fixed assets +€5,796
up €5,796 (+120%), from €4,845 to €10,641
of which Furniture and vehicles: +€4,414
- Other debts -€43,158
down €43,158 (-41.5%), from €104,062 to €60,904
- Profit (loss) carried forward -€8,382
down €8,382 (-13.1%), from €64,217 to €55,835
- Trade debts +€3,577
up €3,577 (+183%), from €1,954 to €5,531
- Accrued charges and deferred income +€2,817
new in 2025: €2,817
- Financial charges +€6,530
up €6,530 (+2,531%), from €258 to €6,788
- Taxes -€2,531
down €2,531 (-29.0%), from €8,721 to €6,190
- Other operating charges +€1,982
up €1,982 (+162%), from €1,227 to €3,209
- Gross operating margin +€1,661
up €1,661 (+9.6%), from €17,227 to €18,888
- Depreciation +€342
up €342 (+3.2%), from €10,741 to €11,083
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 | €175,559 | €130,959 | -€44,600 | -25.4% |
| Fixed assets | 21/28 | €64,845 | €60,641 | -€4,204 | -6.5% |
| Intangible fixed assets | 21 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Tangible fixed assets | 22/27 | €4,845 | €10,641 | +€5,796 | +120% |
| Land and buildings | 22 | €4,089 | €3,600 | -€489 | -12.0% |
| Plant, machinery and equipment | 23 | - | €1,871 | +€1,871 | |
| Furniture and vehicles | 24 | €756 | €5,170 | +€4,414 | +584% |
| Current assets | 29/58 | €110,714 | €70,318 | -€40,396 | -36.5% |
| Amounts receivable within one year | 40/41 | €10,933 | €31,782 | +€20,849 | +191% |
| Trade receivables | 40 | €10,933 | €31,782 | +€20,849 | +191% |
| Cash at bank and in hand | 54/58 | €84,966 | €38,536 | -€46,430 | -54.6% |
| Deferred charges and accrued income | 490/1 | €14,815 | - | -€14,815 | |
| Total equity and liabilities | 10/49 | €175,559 | €130,959 | -€44,600 | -25.4% |
| Equity | 10/15 | €66,717 | €58,335 | -€8,382 | -12.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,217 | €55,835 | -€8,382 | -13.1% |
| Amounts payable | 17/49 | €108,842 | €72,624 | -€36,218 | -33.3% |
| Amounts payable within one year | 42/48 | €108,842 | €69,807 | -€39,035 | -35.9% |
| Trade debts | 44 | €1,954 | €5,531 | +€3,577 | +183% |
| Suppliers | 440/4 | €1,954 | €5,531 | +€3,577 | +183% |
| Taxes, remuneration and social security | 45 | €2,826 | €3,372 | +€546 | +19.3% |
| Taxes | 450/3 | €2,826 | €3,372 | +€546 | +19.3% |
| Other amounts payable | 47/48 | €104,062 | €60,904 | -€43,158 | -41.5% |
| Accrued charges and deferred income | 492/3 | - | €2,817 | +€2,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €11,083 | +€342 | +3.2% |
| Other operating charges | 640/8 | €1,227 | €3,209 | +€1,982 | +162% |
| Gross operating margin | 9900 | €17,227 | €18,888 | +€1,661 | +9.6% |
| Operating profit (loss) | 9901 | €5,259 | €4,596 | -€663 | -12.6% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €258 | €6,788 | +€6,530 | +2,531% |
| Recurring financial charges | 65 | €258 | €6,788 | +€6,530 | +2,531% |
| Profit (loss) for the period before taxes | 9903 | €5,064 | -€2,192 | -€7,256 | |
| Income taxes | 67/77 | €8,721 | €6,190 | -€2,531 | -29.0% |
| Profit (loss) for the period | 9904 | -€3,657 | -€8,382 | -€4,725 | -129% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,657 | -€8,382 | -€4,725 | -129% |
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 16 October 2026 via checked.be.