Advobel: 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.
Advobel
Largest movements
- Receivables within one year +€3,021
up €3,021 (+19.8%), from €15,225 to €18,246
- Cash -€2,009
down €2,009 (-3.7%), from €54,798 to €52,789
mainly Other debts (-€19,306) and Investment in fixed assets (net) (-€6,605)
- Financial fixed assets +€1,400
up €1,400 (+717.9%), from €195 to €1,595
- Reserves +€26,123
up €26,123 (+369.1%), from €7,078 to €33,201
- Other debts -€19,306
down €19,306 (-37.9%), from €50,995 to €31,690
- Tax, wage and social debts -€3,775
down €3,775 (-41.1%), from €9,187 to €5,412
- Trade debts -€1,143
down €1,143 (-51.5%), from €2,220 to €1,077
- Gross operating margin +€11,893
up €11,893 (+42.8%), from €27,807 to €39,700
- Depreciation +€3,668
up €3,668 (+188.7%), from €1,944 to €5,611
- Taxes +€1,627
up €1,627 (+30.1%), from €5,412 to €7,039
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 | €89,480 | €91,779 | +€2,299 | +2.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,711 | €15,705 | +€994 | +6.8% |
| Tangible fixed assets | 22/27 | €14,516 | €14,110 | -€406 | -2.8% |
| Plant, machinery and equipment | 23 | €1,283 | €997 | -€286 | -22.3% |
| Furniture and vehicles | 24 | €13,234 | €13,114 | -€120 | -0.9% |
| Financial fixed assets | 28 | €195 | €1,595 | +€1,400 | +717.9% |
| Current assets | 29/58 | €74,769 | €76,074 | +€1,305 | +1.7% |
| Amounts receivable within one year | 40/41 | €15,225 | €18,246 | +€3,021 | +19.8% |
| Trade receivables | 40 | €15,225 | €18,246 | +€3,021 | +19.8% |
| Cash at bank and in hand | 54/58 | €54,798 | €52,789 | -€2,009 | -3.7% |
| Deferred charges and accrued income | 490/1 | €4,746 | €5,039 | +€293 | +6.2% |
| Total equity and liabilities | 10/49 | €89,480 | €91,779 | +€2,299 | +2.6% |
| Equity | 10/15 | €27,078 | €53,201 | +€26,123 | +96.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €7,078 | €33,201 | +€26,123 | +369.1% |
| Distributable reserves | 133 | €7,078 | €33,201 | +€26,123 | +369.1% |
| Amounts payable | 17/49 | €62,402 | €38,578 | -€23,824 | -38.2% |
| Amounts payable within one year | 42/48 | €62,402 | €38,178 | -€24,224 | -38.8% |
| Trade debts | 44 | €2,220 | €1,077 | -€1,143 | -51.5% |
| Suppliers | 440/4 | €2,220 | €1,077 | -€1,143 | -51.5% |
| Taxes, remuneration and social security | 45 | €9,187 | €5,412 | -€3,775 | -41.1% |
| Taxes | 450/3 | €9,187 | €5,412 | -€3,775 | -41.1% |
| Other amounts payable | 47/48 | €50,995 | €31,690 | -€19,306 | -37.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | - | €101 | +€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,944 | €5,611 | +€3,668 | +188.7% |
| Other operating charges | 640/8 | €766 | €786 | +€20 | +2.6% |
| Gross operating margin | 9900 | €27,807 | €39,700 | +€11,893 | +42.8% |
| Operating profit (loss) | 9901 | €25,097 | €33,302 | +€8,206 | +32.7% |
| Financial charges | 65/66B | €181 | €140 | -€41 | -22.8% |
| Recurring financial charges | 65 | €181 | €140 | -€41 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €24,915 | €33,162 | +€8,247 | +33.1% |
| Income taxes | 67/77 | €5,412 | €7,039 | +€1,627 | +30.1% |
| Profit (loss) for the period | 9904 | €19,503 | €26,123 | +€6,620 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,503 | €26,123 | +€6,620 | +33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.