ADVOPH: 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.
ADVOPH
Largest movements
- Receivables within one year -€59,059
down €59,059 (-57.3%), from €103,112 to €44,053
of which Trade receivables: -€49,308
- Tangible fixed assets -€26,244
down €26,244 (-14.5%), from €181,229 to €154,985
of which Furniture and vehicles: -€16,370
- Deferred charges and accrued income +€24,907
up €24,907 (+148.2%), from €16,811 to €41,718
- Cash -€24,498
down €24,498 (-20.2%), from €121,133 to €96,635
mainly Contributions, distributions and other (-€100,003) and Other debts (-€26,997)
- Profit (loss) carried forward -€52,846
down €52,846 (-28.8%), from €183,353 to €130,507
- Other debts -€26,997
down €26,997 (-34.5%), from €78,139 to €51,142
- Trade debts +€26,599
up €26,599 (+256.2%), from €10,383 to €36,982
- Debts after one year -€17,617
down €17,617 (-43.9%), from €40,121 to €22,504
- Tax, wage and social debts -€11,038
down €11,038 (-26.5%), from €41,633 to €30,595
- Gross operating margin -€84,549
down €84,549 (-44.7%), from €189,073 to €104,524
- Taxes -€19,749
down €19,749 (-58.1%), from €33,978 to €14,229
- Other operating charges -€6,663
down €6,663 (-71.6%), from €9,305 to €2,642
- Write-downs +€3,813
new in 2025: €3,813
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 | €422,285 | €339,432 | -€82,853 | -19.6% |
| Fixed assets | 21/28 | €181,229 | €157,026 | -€24,203 | -13.4% |
| Tangible fixed assets | 22/27 | €181,229 | €154,985 | -€26,244 | -14.5% |
| Plant, machinery and equipment | 23 | €3,450 | €3,652 | +€202 | +5.9% |
| Furniture and vehicles | 24 | €54,361 | €37,991 | -€16,370 | -30.1% |
| Other tangible fixed assets | 26 | €123,418 | €113,342 | -€10,076 | -8.2% |
| Financial fixed assets | 28 | - | €2,041 | +€2,041 | |
| Current assets | 29/58 | €241,056 | €182,406 | -€58,650 | -24.3% |
| Amounts receivable within one year | 40/41 | €103,112 | €44,053 | -€59,059 | -57.3% |
| Trade receivables | 40 | €92,090 | €42,782 | -€49,308 | -53.5% |
| Other amounts receivable | 41 | €11,022 | €1,271 | -€9,751 | -88.5% |
| Cash at bank and in hand | 54/58 | €121,133 | €96,635 | -€24,498 | -20.2% |
| Deferred charges and accrued income | 490/1 | €16,811 | €41,718 | +€24,907 | +148.2% |
| Total equity and liabilities | 10/49 | €422,285 | €339,432 | -€82,853 | -19.6% |
| Equity | 10/15 | €230,853 | €178,007 | -€52,846 | -22.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,353 | €130,507 | -€52,846 | -28.8% |
| Amounts payable | 17/49 | €191,432 | €161,425 | -€30,007 | -15.7% |
| Amounts payable after more than one year | 17 | €40,121 | €22,504 | -€17,617 | -43.9% |
| Financial debts | 170/4 | €40,121 | €22,504 | -€17,617 | -43.9% |
| Amounts payable within one year | 42/48 | €151,311 | €138,921 | -€12,390 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €21,156 | €18,483 | -€2,673 | -12.6% |
| Financial debts | 43 | - | €1,719 | +€1,719 | |
| Other loans | 439 | - | €1,719 | +€1,719 | |
| Trade debts | 44 | €10,383 | €36,982 | +€26,599 | +256.2% |
| Suppliers | 440/4 | €10,383 | €36,982 | +€26,599 | +256.2% |
| Taxes, remuneration and social security | 45 | €41,633 | €30,595 | -€11,038 | -26.5% |
| Taxes | 450/3 | €41,633 | €30,595 | -€11,038 | -26.5% |
| Other amounts payable | 47/48 | €78,139 | €51,142 | -€26,997 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,273 | €33,412 | +€1,139 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,813 | +€3,813 | |
| Other operating charges | 640/8 | €9,305 | €2,642 | -€6,663 | -71.6% |
| Gross operating margin | 9900 | €189,073 | €104,524 | -€84,549 | -44.7% |
| Operating profit (loss) | 9901 | €147,495 | €64,657 | -€82,838 | -56.2% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €4,353 | €3,271 | -€1,082 | -24.9% |
| Recurring financial charges | 65 | €4,353 | €3,271 | -€1,082 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €143,195 | €61,386 | -€81,809 | -57.1% |
| Income taxes | 67/77 | €33,978 | €14,229 | -€19,749 | -58.1% |
| Profit (loss) for the period | 9904 | €109,217 | €47,157 | -€62,060 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,217 | €47,157 | -€62,060 | -56.8% |
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 8 October 2026 via checked.be.