ADVOMAX: 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.
ADVOMAX
Largest movements
- Cash +€26,611
up €26,611 (+40.2%), from €66,257 to €92,868
mainly Net result for the year (+€55,538) and Tax, wage and social debts (+€9,347)
- Tangible fixed assets -€2,390
down €2,390 (-4.4%), from €54,488 to €52,098
of which Other tangible fixed assets: -€1,644
- Reserves +€15,538
up €15,538 (+14.5%), from €107,462 to €123,000
of which Distributable reserves: +€15,538
- Tax, wage and social debts +€9,347
up €9,347 (+312%), from €2,994 to €12,341
- Other debts -€7,000
down €7,000 (-14.9%), from €47,000 to €40,000
- Trade debts +€3,685
up €3,685 (+45.9%), from €8,022 to €11,707
- Gross operating margin +€3,054
up €3,054 (+3.9%), from €77,960 to €81,014
- Taxes +€2,138
up €2,138 (+12.9%), from €16,533 to €18,671
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 | €195,429 | €219,165 | +€23,736 | +12.1% |
| Fixed assets | 21/28 | €56,588 | €54,098 | -€2,490 | -4.4% |
| Tangible fixed assets | 22/27 | €54,488 | €52,098 | -€2,390 | -4.4% |
| Furniture and vehicles | 24 | €1,397 | €651 | -€746 | -53.4% |
| Other tangible fixed assets | 26 | €53,091 | €51,447 | -€1,644 | -3.1% |
| Financial fixed assets | 28 | €2,100 | €2,000 | -€100 | -4.8% |
| Current assets | 29/58 | €138,841 | €165,067 | +€26,226 | +18.9% |
| Amounts receivable within one year | 40/41 | €71,482 | €71,063 | -€419 | -0.6% |
| Trade receivables | 40 | €29,758 | €42,120 | +€12,362 | +41.5% |
| Other amounts receivable | 41 | €41,724 | €28,943 | -€12,781 | -30.6% |
| Cash at bank and in hand | 54/58 | €66,257 | €92,868 | +€26,611 | +40.2% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,136 | +€34 | +3.1% |
| Total equity and liabilities | 10/49 | €195,429 | €219,165 | +€23,736 | +12.1% |
| Equity | 10/15 | €112,462 | €128,000 | +€15,538 | +13.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,462 | €123,000 | +€15,538 | +14.5% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €106,962 | €122,500 | +€15,538 | +14.5% |
| Amounts payable | 17/49 | €82,967 | €91,165 | +€8,198 | +9.9% |
| Amounts payable within one year | 42/48 | €77,404 | €83,423 | +€6,019 | +7.8% |
| Financial debts | 43 | €19,388 | €19,375 | -€13 | -0.1% |
| Credit institutions | 430/8 | €19,388 | €19,375 | -€13 | -0.1% |
| Trade debts | 44 | €8,022 | €11,707 | +€3,685 | +45.9% |
| Suppliers | 440/4 | €8,022 | €11,707 | +€3,685 | +45.9% |
| Taxes, remuneration and social security | 45 | €2,994 | €12,341 | +€9,347 | +312% |
| Taxes | 450/3 | €2,994 | €12,341 | +€9,347 | +312% |
| Other amounts payable | 47/48 | €47,000 | €40,000 | -€7,000 | -14.9% |
| Accrued charges and deferred income | 492/3 | €5,563 | €7,742 | +€2,179 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,757 | €3,650 | -€107 | -2.8% |
| Other operating charges | 640/8 | €1,089 | €1,123 | +€34 | +3.1% |
| Gross operating margin | 9900 | €77,960 | €81,014 | +€3,054 | +3.9% |
| Operating profit (loss) | 9901 | €73,114 | €76,241 | +€3,127 | +4.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,592 | €2,032 | +€440 | +27.6% |
| Recurring financial charges | 65 | €1,592 | €2,032 | +€440 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €71,523 | €74,209 | +€2,686 | +3.8% |
| Income taxes | 67/77 | €16,533 | €18,671 | +€2,138 | +12.9% |
| Profit (loss) for the period | 9904 | €54,990 | €55,538 | +€548 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,990 | €55,538 | +€548 | +1.0% |
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 13 October 2026 via checked.be.