Audit & Advies: 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.
Audit & Advies
Largest movements
- Receivables within one year -€124,074
down €124,074 (-81.8%), from €151,649 to €27,576
of which Other amounts receivable: -€87,344
- Cash +€57,615
up €57,615 (+264%), from €21,860 to €79,475
mainly Receivables within one year (+€124,074) and Net result for the year (+€48,298)
- Tangible fixed assets +€7,800
up €7,800 (+47.6%), from €16,371 to €24,171
of which Furniture and vehicles: +€10,418
- Deferred charges and accrued income -€7,697
down €7,697 (-5.3%), from €146,251 to €138,553
- Reserves -€31,793
down €31,793 (-13.9%), from €227,948 to €196,156
of which Distributable reserves: -€29,933
- Current portion of long-term debt -€21,630
down €21,630 (-60.5%), from €35,768 to €14,138
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Debts after one year -€15,113
down €15,113 (-14.7%), from €102,866 to €87,753
- Tax, wage and social debts +€9,710
up €9,710 (+49.8%), from €19,493 to €29,203
- Gross operating margin +€31,827
up €31,827 (+74.8%), from €42,554 to €74,381
- Write-downs -€20,520
new in 2025: -€20,520
- Taxes +€20,008
up €20,008 (+222%), from €9,002 to €29,010
- Other operating charges +€3,712
up €3,712 (+202%), from €1,837 to €5,549
- Financial charges -€2,218
down €2,218 (-25.5%), from €8,683 to €6,465
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 | €411,379 | €345,023 | -€66,356 | -16.1% |
| Fixed assets | 21/28 | €16,658 | €24,458 | +€7,800 | +46.8% |
| Tangible fixed assets | 22/27 | €16,371 | €24,171 | +€7,800 | +47.6% |
| Land and buildings | 22 | €13,899 | €11,282 | -€2,617 | -18.8% |
| Furniture and vehicles | 24 | €2,472 | €12,890 | +€10,418 | +421% |
| Financial fixed assets | 28 | €287 | €287 | = | 0.0% |
| Current assets | 29/58 | €394,721 | €320,565 | -€74,156 | -18.8% |
| Amounts receivable within one year | 40/41 | €151,649 | €27,576 | -€124,074 | -81.8% |
| Trade receivables | 40 | €61,278 | €24,549 | -€36,729 | -59.9% |
| Other amounts receivable | 41 | €90,371 | €3,027 | -€87,344 | -96.7% |
| Current investments | 50/53 | €74,961 | €74,961 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,860 | €79,475 | +€57,615 | +264% |
| Deferred charges and accrued income | 490/1 | €146,251 | €138,553 | -€7,697 | -5.3% |
| Total equity and liabilities | 10/49 | €411,379 | €345,023 | -€66,356 | -16.1% |
| Equity | 10/15 | €246,548 | €197,156 | -€49,393 | -20.0% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €227,948 | €196,156 | -€31,793 | -13.9% |
| Non-distributable reserves | 130/1 | €76,821 | €74,961 | -€1,860 | -2.4% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Own shares acquired | 1312 | €74,961 | €74,961 | = | 0.0% |
| Tax-exempt reserves | 132 | €483 | €483 | = | 0.0% |
| Distributable reserves | 133 | €150,644 | €120,712 | -€29,933 | -19.9% |
| Amounts payable | 17/49 | €164,831 | €147,868 | -€16,963 | -10.3% |
| Amounts payable after more than one year | 17 | €102,866 | €87,753 | -€15,113 | -14.7% |
| Financial debts | 170/4 | €102,866 | €87,753 | -€15,113 | -14.7% |
| Amounts payable within one year | 42/48 | €61,965 | €60,115 | -€1,850 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €35,768 | €14,138 | -€21,630 | -60.5% |
| Financial debts | 43 | - | €5,037 | +€5,037 | |
| Credit institutions | 430/8 | - | €5,037 | +€5,037 | |
| Trade debts | 44 | €6,704 | €11,737 | +€5,033 | +75.1% |
| Suppliers | 440/4 | €6,704 | €11,737 | +€5,033 | +75.1% |
| Taxes, remuneration and social security | 45 | €19,493 | €29,203 | +€9,710 | +49.8% |
| Taxes | 450/3 | €19,493 | €29,203 | +€9,710 | +49.8% |
| Non-recurring operating income | 76A | €7,726 | - | -€7,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,323 | €5,582 | -€742 | -11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,520 | -€20,520 | |
| Other operating charges | 640/8 | €1,837 | €5,549 | +€3,712 | +202% |
| Gross operating margin | 9900 | €42,554 | €74,381 | +€31,827 | +74.8% |
| Operating profit (loss) | 9901 | €34,393 | €83,771 | +€49,377 | +144% |
| Financial income | 75/76B | €668 | €3 | -€665 | -99.5% |
| Recurring financial income | 75 | €668 | €3 | -€665 | -99.5% |
| Non-recurring financial income | 76B | €668 | - | -€668 | |
| Financial charges | 65/66B | €8,683 | €6,465 | -€2,218 | -25.5% |
| Recurring financial charges | 65 | €8,683 | €6,465 | -€2,218 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €26,378 | €77,309 | +€50,931 | +193% |
| Income taxes | 67/77 | €9,002 | €29,010 | +€20,008 | +222% |
| Profit (loss) for the period | 9904 | €17,375 | €48,298 | +€30,923 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €17,375 | €48,298 | +€30,923 | +178% |
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.