ADVOTA: 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.
ADVOTA
Largest movements
- Receivables within one year +€6,273
up €6,273 (+12.2%), from €51,468 to €57,741
of which Other amounts receivable: +€10,172
- Reserves +€25,616
up €25,616 (+27.9%), from €91,849 to €117,465
- Debts after one year -€23,926
down €23,926 (-7.2%), from €333,064 to €309,138
of which Financial debts: -€24,234
- Gross operating margin -€33,842
down €33,842 (-35.8%), from €94,512 to €60,670
- Other operating charges -€15,358
down €15,358 (-80.5%), from €19,069 to €3,711
- Taxes -€4,476
down €4,476 (-34.6%), from €12,939 to €8,463
- Depreciation +€3,731
up €3,731 (+24.6%), from €15,173 to €18,903
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 | €489,445 | €491,146 | +€1,701 | +0.3% |
| Fixed assets | 21/28 | €406,230 | €404,743 | -€1,486 | -0.4% |
| Tangible fixed assets | 22/27 | €398,896 | €397,410 | -€1,486 | -0.4% |
| Land and buildings | 22 | €392,087 | €388,286 | -€3,800 | -1.0% |
| Plant, machinery and equipment | 23 | - | €2,448 | +€2,448 | |
| Furniture and vehicles | 24 | €6,810 | €6,676 | -€134 | -2.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €7,333 | €7,333 | = | 0.0% |
| Current assets | 29/58 | €83,215 | €86,402 | +€3,187 | +3.8% |
| Amounts receivable within one year | 40/41 | €51,468 | €57,741 | +€6,273 | +12.2% |
| Trade receivables | 40 | €12,523 | €8,624 | -€3,899 | -31.1% |
| Other amounts receivable | 41 | €38,945 | €49,117 | +€10,172 | +26.1% |
| Cash at bank and in hand | 54/58 | €19,314 | €18,448 | -€867 | -4.5% |
| Deferred charges and accrued income | 490/1 | €12,433 | €10,214 | -€2,219 | -17.8% |
| Total equity and liabilities | 10/49 | €489,445 | €491,146 | +€1,701 | +0.3% |
| Equity | 10/15 | €110,449 | €136,065 | +€25,616 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,849 | €117,465 | +€25,616 | +27.9% |
| Distributable reserves | 133 | €91,849 | €117,465 | +€25,616 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €378,996 | €355,081 | -€23,915 | -6.3% |
| Amounts payable after more than one year | 17 | €333,064 | €309,138 | -€23,926 | -7.2% |
| Financial debts | 170/4 | €333,064 | €308,830 | -€24,234 | -7.3% |
| Other amounts payable | 178/9 | - | €308 | +€308 | |
| Amounts payable within one year | 42/48 | €45,932 | €45,123 | -€809 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €23,833 | €24,234 | +€401 | +1.7% |
| Trade debts | 44 | €55 | €3,943 | +€3,888 | +7,056% |
| Suppliers | 440/4 | €55 | €3,943 | +€3,888 | +7,056% |
| Taxes, remuneration and social security | 45 | €11,558 | €7,345 | -€4,214 | -36.5% |
| Taxes | 450/3 | €11,558 | €7,345 | -€4,214 | -36.5% |
| Other amounts payable | 47/48 | €10,485 | €9,601 | -€884 | -8.4% |
| Accrued charges and deferred income | 492/3 | - | €820 | +€820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,173 | €18,903 | +€3,731 | +24.6% |
| Other operating charges | 640/8 | €19,069 | €3,711 | -€15,358 | -80.5% |
| Gross operating margin | 9900 | €94,512 | €60,670 | -€33,842 | -35.8% |
| Operating profit (loss) | 9901 | €60,270 | €38,056 | -€22,214 | -36.9% |
| Financial income | 75/76B | €1,840 | €2,534 | +€694 | +37.7% |
| Recurring financial income | 75 | €1,840 | €2,534 | +€694 | +37.7% |
| Financial charges | 65/66B | €7,089 | €6,510 | -€579 | -8.2% |
| Recurring financial charges | 65 | €7,089 | €6,510 | -€579 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €55,021 | €34,079 | -€20,942 | -38.1% |
| Income taxes | 67/77 | €12,939 | €8,463 | -€4,476 | -34.6% |
| Profit (loss) for the period | 9904 | €42,081 | €25,616 | -€16,466 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,081 | €25,616 | -€16,466 | -39.1% |
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 25 October 2026 via checked.be.