ADVOBRU: 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.
ADVOBRU
Largest movements
- Cash +€132,127
up €132,127 (+111%), from €118,670 to €250,797
mainly Other debts (+€124,217) and Net result for the year (+€21,073)
- Receivables within one year +€14,151
up €14,151 (+26.1%), from €54,288 to €68,439
- Tangible fixed assets -€6,097
down €6,097 (-88.6%), from €6,881 to €784
- Other debts +€124,217
up €124,217 (+79.8%), from €155,599 to €279,816
- Reserves +€21,073
up €21,073 (+37.6%), from €56,079 to €77,152
of which Distributable reserves: +€23,073
- Current portion of long-term debt -€7,503
no longer reported in 2025 (was €7,503)
- Staff costs -€34,619
down €34,619 (-42.1%), from €82,192 to €47,574
- Gross operating margin -€23,626
down €23,626 (-20.7%), from €113,900 to €90,273
- Financial charges +€4,462
up €4,462 (+286%), from €1,561 to €6,023
- Financial income -€3,131
down €3,131 (-98.7%), from €3,174 to €43
- Depreciation -€2,272
down €2,272 (-27.1%), from €8,369 to €6,097
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 | €283,686 | €423,218 | +€139,531 | +49.2% |
| Fixed assets | 21/28 | €6,881 | €784 | -€6,097 | -88.6% |
| Tangible fixed assets | 22/27 | €6,881 | €784 | -€6,097 | -88.6% |
| Plant, machinery and equipment | 23 | €6,881 | €784 | -€6,097 | -88.6% |
| Current assets | 29/58 | €276,806 | €422,434 | +€145,628 | +52.6% |
| Amounts receivable within one year | 40/41 | €54,288 | €68,439 | +€14,151 | +26.1% |
| Trade receivables | 40 | €54,288 | €68,439 | +€14,151 | +26.1% |
| Current investments | 50/53 | €100,672 | €100,699 | +€26 | 0.0% |
| Cash at bank and in hand | 54/58 | €118,670 | €250,797 | +€132,127 | +111% |
| Deferred charges and accrued income | 490/1 | €3,175 | €2,499 | -€676 | -21.3% |
| Total equity and liabilities | 10/49 | €283,686 | €423,218 | +€139,531 | +49.2% |
| Equity | 10/15 | €76,079 | €97,152 | +€21,073 | +27.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €56,079 | €77,152 | +€21,073 | +37.6% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €54,079 | €77,152 | +€23,073 | +42.7% |
| Amounts payable | 17/49 | €207,608 | €326,066 | +€118,458 | +57.1% |
| Amounts payable within one year | 42/48 | €207,608 | €326,066 | +€118,458 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €7,503 | - | -€7,503 | |
| Trade debts | 44 | €13,967 | €14,892 | +€925 | +6.6% |
| Suppliers | 440/4 | €13,967 | €14,892 | +€925 | +6.6% |
| Taxes, remuneration and social security | 45 | €30,539 | €31,358 | +€819 | +2.7% |
| Taxes | 450/3 | €13,814 | €24,606 | +€10,792 | +78.1% |
| Remuneration and social security | 454/9 | €16,725 | €6,752 | -€9,973 | -59.6% |
| Other amounts payable | 47/48 | €155,599 | €279,816 | +€124,217 | +79.8% |
| Remuneration, social security and pensions | 62 | €82,192 | €47,574 | -€34,619 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,369 | €6,097 | -€2,272 | -27.1% |
| Other operating charges | 640/8 | €159 | €528 | +€369 | +232% |
| Gross operating margin | 9900 | €113,900 | €90,273 | -€23,626 | -20.7% |
| Operating profit (loss) | 9901 | €23,179 | €36,075 | +€12,895 | +55.6% |
| Financial income | 75/76B | €3,174 | €43 | -€3,131 | -98.7% |
| Recurring financial income | 75 | €3,174 | €43 | -€3,131 | -98.7% |
| Financial charges | 65/66B | €1,561 | €6,023 | +€4,462 | +286% |
| Recurring financial charges | 65 | €1,561 | €6,023 | +€4,462 | +286% |
| Profit (loss) for the period before taxes | 9903 | €24,793 | €30,095 | +€5,302 | +21.4% |
| Income taxes | 67/77 | €7,469 | €9,022 | +€1,553 | +20.8% |
| Profit (loss) for the period | 9904 | €17,324 | €21,073 | +€3,749 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,324 | €21,073 | +€3,749 | +21.6% |
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 30 October 2026 via checked.be.