ADVOLEM: 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.
ADVOLEM
Largest movements
- Cash +€149,855
up €149,855 (+62.2%), from €240,783 to €390,638
mainly Net result for the year (+€86,589) and Debts after one year (+€64,207)
- Tangible fixed assets -€29,573
down €29,573 (-19.8%), from €149,505 to €119,933
- Receivables within one year -€19,629
down €19,629 (-11.4%), from €172,935 to €153,306
of which Other amounts receivable: -€11,207
- Profit (loss) carried forward +€86,589
up €86,589 (+50.5%), from €171,362 to €257,951
- Debts after one year +€64,207
up €64,207 (+30.3%), from €211,717 to €275,923
- Other debts -€31,703
down €31,703 (-30.3%), from €104,703 to €73,000
- Trade debts -€14,840
down €14,840 (-91.0%), from €16,308 to €1,469
- Gross operating margin +€17,257
up €17,257 (+11.6%), from €149,078 to €166,335
- Write-downs +€6,517
new in 2025: €6,517
- Financial charges +€4,070
up €4,070 (+34.2%), from €11,911 to €15,981
- Other operating charges -€1,923
down €1,923 (-45.0%), from €4,274 to €2,351
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 | €563,758 | €666,580 | +€102,822 | +18.2% |
| Fixed assets | 21/28 | €150,040 | €120,468 | -€29,573 | -19.7% |
| Tangible fixed assets | 22/27 | €149,505 | €119,933 | -€29,573 | -19.8% |
| Land and buildings | 22 | €79,213 | €68,267 | -€10,946 | -13.8% |
| Furniture and vehicles | 24 | €41,959 | €27,530 | -€14,429 | -34.4% |
| Other tangible fixed assets | 26 | €28,333 | €24,136 | -€4,198 | -14.8% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €413,718 | €546,112 | +€132,394 | +32.0% |
| Amounts receivable within one year | 40/41 | €172,935 | €153,306 | -€19,629 | -11.4% |
| Trade receivables | 40 | €157,091 | €148,669 | -€8,422 | -5.4% |
| Other amounts receivable | 41 | €15,844 | €4,637 | -€11,207 | -70.7% |
| Cash at bank and in hand | 54/58 | €240,783 | €390,638 | +€149,855 | +62.2% |
| Deferred charges and accrued income | 490/1 | - | €2,168 | +€2,168 | |
| Total equity and liabilities | 10/49 | €563,758 | €666,580 | +€102,822 | +18.2% |
| Equity | 10/15 | €201,362 | €287,951 | +€86,589 | +43.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,362 | €257,951 | +€86,589 | +50.5% |
| Amounts payable | 17/49 | €362,396 | €378,628 | +€16,233 | +4.5% |
| Amounts payable after more than one year | 17 | €211,717 | €275,923 | +€64,207 | +30.3% |
| Financial debts | 170/4 | €211,717 | €275,923 | +€64,207 | +30.3% |
| Amounts payable within one year | 42/48 | €150,679 | €102,705 | -€47,974 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €10,708 | €10,793 | +€86 | +0.8% |
| Trade debts | 44 | €16,308 | €1,469 | -€14,840 | -91.0% |
| Suppliers | 440/4 | €16,308 | €1,469 | -€14,840 | -91.0% |
| Taxes, remuneration and social security | 45 | €18,960 | €17,442 | -€1,517 | -8.0% |
| Taxes | 450/3 | €15,960 | €14,442 | -€1,517 | -9.5% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €104,703 | €73,000 | -€31,703 | -30.3% |
| Non-recurring operating income | 76A | €4,276 | €1 | -€4,275 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,472 | €29,573 | -€899 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,517 | +€6,517 | |
| Other operating charges | 640/8 | €4,274 | €2,351 | -€1,923 | -45.0% |
| Gross operating margin | 9900 | €149,078 | €166,335 | +€17,257 | +11.6% |
| Operating profit (loss) | 9901 | €114,332 | €127,894 | +€13,562 | +11.9% |
| Financial income | 75/76B | - | €397 | +€397 | |
| Recurring financial income | 75 | - | €397 | +€397 | |
| Financial charges | 65/66B | €11,911 | €15,981 | +€4,070 | +34.2% |
| Recurring financial charges | 65 | €11,911 | €15,981 | +€4,070 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €102,421 | €112,310 | +€9,889 | +9.7% |
| Income taxes | 67/77 | €24,141 | €25,721 | +€1,580 | +6.5% |
| Profit (loss) for the period | 9904 | €78,280 | €86,589 | +€8,309 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,280 | €86,589 | +€8,309 | +10.6% |
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 27 October 2026 via checked.be.