ADVORA: 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.
ADVORA
Largest movements
- Cash +€21,557
up €21,557 (+23.4%), from €91,936 to €113,493
mainly Net result for the year (+€33,263) and Depreciation (+€3,512)
- Receivables within one year +€17,030
up €17,030 (+217.3%), from €7,837 to €24,867
of which Trade receivables: +€17,102
- Reserves +€32,430
up €32,430 (+39.4%), from €82,273 to €114,703
- Tax, wage and social debts +€2,258
up €2,258 (+31.0%), from €7,275 to €9,534
- Trade debts +€1,735
up €1,735 (+33.8%), from €5,136 to €6,871
- Gross operating margin -€7,797
down €7,797 (-13.3%), from €58,681 to €50,883
- Taxes -€4,003
down €4,003 (-22.6%), from €17,684 to €13,680
- Depreciation +€920
up €920 (+35.5%), from €2,591 to €3,512
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 | €113,286 | €150,540 | +€37,254 | +32.9% |
| Fixed assets | 21/28 | €11,255 | €9,609 | -€1,646 | -14.6% |
| Intangible fixed assets | 21 | €703 | €144 | -€559 | -79.5% |
| Tangible fixed assets | 22/27 | €10,552 | €9,465 | -€1,087 | -10.3% |
| Land and buildings | 22 | €3,293 | €3,044 | -€249 | -7.6% |
| Furniture and vehicles | 24 | €7,260 | €6,421 | -€838 | -11.5% |
| Current assets | 29/58 | €102,030 | €140,931 | +€38,901 | +38.1% |
| Amounts receivable within one year | 40/41 | €7,837 | €24,867 | +€17,030 | +217.3% |
| Trade receivables | 40 | €7,712 | €24,814 | +€17,102 | +221.7% |
| Other amounts receivable | 41 | €125 | €53 | -€72 | -57.3% |
| Cash at bank and in hand | 54/58 | €91,936 | €113,493 | +€21,557 | +23.4% |
| Deferred charges and accrued income | 490/1 | €2,257 | €2,571 | +€314 | +13.9% |
| Total equity and liabilities | 10/49 | €113,286 | €150,540 | +€37,254 | +32.9% |
| Equity | 10/15 | €100,873 | €133,303 | +€32,430 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,273 | €114,703 | +€32,430 | +39.4% |
| Distributable reserves | 133 | €82,273 | €114,703 | +€32,430 | +39.4% |
| Amounts payable | 17/49 | €12,413 | €17,238 | +€4,825 | +38.9% |
| Amounts payable within one year | 42/48 | €12,411 | €17,238 | +€4,826 | +38.9% |
| Trade debts | 44 | €5,136 | €6,871 | +€1,735 | +33.8% |
| Suppliers | 440/4 | €5,136 | €6,871 | +€1,735 | +33.8% |
| Taxes, remuneration and social security | 45 | €7,275 | €9,534 | +€2,258 | +31.0% |
| Taxes | 450/3 | €7,275 | €9,534 | +€2,258 | +31.0% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €3,512 | +€920 | +35.5% |
| Other operating charges | 640/8 | €629 | €528 | -€102 | -16.2% |
| Gross operating margin | 9900 | €58,681 | €50,883 | -€7,797 | -13.3% |
| Operating profit (loss) | 9901 | €55,460 | €46,844 | -€8,616 | -15.5% |
| Financial income | 75/76B | €9 | €163 | +€154 | +1707.8% |
| Recurring financial income | 75 | €9 | €163 | +€154 | +1707.8% |
| Financial charges | 65/66B | €71 | €63 | -€8 | -10.9% |
| Recurring financial charges | 65 | €71 | €63 | -€8 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €55,398 | €46,943 | -€8,454 | -15.3% |
| Income taxes | 67/77 | €17,684 | €13,680 | -€4,003 | -22.6% |
| Profit (loss) for the period | 9904 | €37,714 | €33,263 | -€4,451 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,714 | €33,263 | -€4,451 | -11.8% |
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 10 October 2026 via checked.be.