ADVOTURA: 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.
ADVOTURA
Largest movements
- Receivables within one year +€118,085
up €118,085 (+94.3%), from €125,229 to €243,315
of which Trade receivables: +€98,279
- Cash -€58,386
down €58,386 (-93.4%), from €62,510 to €4,123
mainly Receivables within one year (-€118,085) and Trade debts (-€19,663)
- Tangible fixed assets -€22,575
down €22,575 (-27.5%), from €82,199 to €59,624
of which Furniture and vehicles: -€17,154
- Profit (loss) carried forward +€48,537
up €48,537 (+41.5%), from €116,933 to €165,470
- Trade debts -€19,663
down €19,663 (-96.2%), from €20,432 to €768
- Accrued charges and deferred income +€7,069
up €7,069 (+101%), from €6,975 to €14,044
- Gross operating margin +€16,607
up €16,607 (+8.1%), from €205,091 to €221,698
- Staff costs +€4,422
up €4,422 (+3.8%), from €115,958 to €120,380
- Taxes +€4,394
up €4,394 (+24.7%), from €17,808 to €22,201
- Financial charges -€2,384
down €2,384 (-40.8%), from €5,838 to €3,454
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 | €284,330 | €321,070 | +€36,740 | +12.9% |
| Fixed assets | 21/28 | €82,199 | €59,624 | -€22,575 | -27.5% |
| Tangible fixed assets | 22/27 | €82,199 | €59,624 | -€22,575 | -27.5% |
| Land and buildings | 22 | €36,145 | €30,725 | -€5,421 | -15.0% |
| Furniture and vehicles | 24 | €46,053 | €28,899 | -€17,154 | -37.2% |
| Current assets | 29/58 | €202,132 | €261,446 | +€59,315 | +29.3% |
| Amounts receivable within one year | 40/41 | €125,229 | €243,315 | +€118,085 | +94.3% |
| Trade receivables | 40 | €95,229 | €193,509 | +€98,279 | +103% |
| Other amounts receivable | 41 | €30,000 | €49,806 | +€19,806 | +66.0% |
| Cash at bank and in hand | 54/58 | €62,510 | €4,123 | -€58,386 | -93.4% |
| Deferred charges and accrued income | 490/1 | €14,393 | €14,008 | -€384 | -2.7% |
| Total equity and liabilities | 10/49 | €284,330 | €321,070 | +€36,740 | +12.9% |
| Equity | 10/15 | €166,933 | €215,470 | +€48,537 | +29.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,933 | €165,470 | +€48,537 | +41.5% |
| Amounts payable | 17/49 | €117,398 | €105,600 | -€11,797 | -10.0% |
| Amounts payable within one year | 42/48 | €110,423 | €91,556 | -€18,866 | -17.1% |
| Trade debts | 44 | €20,432 | €768 | -€19,663 | -96.2% |
| Suppliers | 440/4 | €20,432 | €768 | -€19,663 | -96.2% |
| Taxes, remuneration and social security | 45 | €49,900 | €50,145 | +€246 | +0.5% |
| Taxes | 450/3 | €39,959 | €36,920 | -€3,039 | -7.6% |
| Remuneration and social security | 454/9 | €9,941 | €13,225 | +€3,285 | +33.0% |
| Other amounts payable | 47/48 | €40,092 | €40,643 | +€551 | +1.4% |
| Accrued charges and deferred income | 492/3 | €6,975 | €14,044 | +€7,069 | +101% |
| Non-recurring operating income | 76A | - | €223 | +€223 | |
| Remuneration, social security and pensions | 62 | €115,958 | €120,380 | +€4,422 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,806 | €22,575 | -€1,230 | -5.2% |
| Other operating charges | 640/8 | €2,657 | €4,374 | +€1,717 | +64.6% |
| Non-recurring operating charges | 66A | - | €176 | +€176 | |
| Gross operating margin | 9900 | €205,091 | €221,698 | +€16,607 | +8.1% |
| Operating profit (loss) | 9901 | €62,671 | €74,193 | +€11,522 | +18.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.2% |
| Financial charges | 65/66B | €5,838 | €3,454 | -€2,384 | -40.8% |
| Recurring financial charges | 65 | €5,838 | €3,454 | -€2,384 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €56,834 | €70,738 | +€13,904 | +24.5% |
| Income taxes | 67/77 | €17,808 | €22,201 | +€4,394 | +24.7% |
| Profit (loss) for the period | 9904 | €39,027 | €48,537 | +€9,510 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,027 | €48,537 | +€9,510 | +24.4% |
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 1 November 2026 via checked.be.