AVANCE: 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.
AVANCE
Largest movements
- Receivables within one year +€31,824
up €31,824 (+107.5%), from €29,612 to €61,436
of which Other amounts receivable: +€29,959
- Cash +€19,399
up €19,399 (+78.0%), from €24,874 to €44,273
mainly Net result for the year (+€57,173) and Depreciation (+€25,390)
- Tangible fixed assets +€16,735
up €16,735 (+15.7%), from €106,287 to €123,023
of which Furniture and vehicles: +€17,403
- Profit (loss) carried forward +€57,173
up €57,173 (+19.2%), from €297,992 to €355,166
- Accrued charges and deferred income +€18,462
up €18,462 (+845.6%), from €2,183 to €20,646
- Trade debts -€15,315
down €15,315 (-32.7%), from €46,770 to €31,455
- Tax, wage and social debts +€11,927
up €11,927 (+40.8%), from €29,258 to €41,185
- Gross operating margin +€54,188
up €54,188 (+102.4%), from €52,920 to €107,108
- Taxes +€11,806
up €11,806 (+108.8%), from €10,853 to €22,659
- Depreciation +€7,281
up €7,281 (+40.2%), from €18,108 to €25,390
- Financial income -€3,435
down €3,435 (-33.6%), from €10,233 to €6,798
- Financial charges +€3,360
up €3,360 (+934.8%), from €359 to €3,720
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 | €404,941 | €477,271 | +€72,329 | +17.9% |
| Fixed assets | 21/28 | €108,787 | €123,023 | +€14,235 | +13.1% |
| Tangible fixed assets | 22/27 | €106,287 | €123,023 | +€16,735 | +15.7% |
| Plant, machinery and equipment | 23 | €16,020 | €15,352 | -€668 | -4.2% |
| Furniture and vehicles | 24 | €54,167 | €71,570 | +€17,403 | +32.1% |
| Other tangible fixed assets | 26 | €36,100 | €36,100 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €296,154 | €354,248 | +€58,094 | +19.6% |
| Amounts receivable within one year | 40/41 | €29,612 | €61,436 | +€31,824 | +107.5% |
| Trade receivables | 40 | €3,730 | €5,594 | +€1,865 | +50.0% |
| Other amounts receivable | 41 | €25,882 | €55,842 | +€29,959 | +115.8% |
| Current investments | 50/53 | €238,311 | €242,807 | +€4,495 | +1.9% |
| Cash at bank and in hand | 54/58 | €24,874 | €44,273 | +€19,399 | +78.0% |
| Deferred charges and accrued income | 490/1 | €3,357 | €5,733 | +€2,376 | +70.8% |
| Total equity and liabilities | 10/49 | €404,941 | €477,271 | +€72,329 | +17.9% |
| Equity | 10/15 | €306,052 | €363,226 | +€57,173 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,992 | €355,166 | +€57,173 | +19.2% |
| Provisions and deferred taxes | 16 | €20,677 | €20,677 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,677 | €20,677 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,677 | €20,677 | = | 0.0% |
| Amounts payable | 17/49 | €78,212 | €93,368 | +€15,156 | +19.4% |
| Amounts payable within one year | 42/48 | €76,029 | €72,722 | -€3,306 | -4.3% |
| Trade debts | 44 | €46,770 | €31,455 | -€15,315 | -32.7% |
| Suppliers | 440/4 | €46,770 | €31,455 | -€15,315 | -32.7% |
| Taxes, remuneration and social security | 45 | €29,258 | €41,185 | +€11,927 | +40.8% |
| Taxes | 450/3 | €29,258 | €41,185 | +€11,927 | +40.8% |
| Other amounts payable | 47/48 | - | €82 | +€82 | |
| Accrued charges and deferred income | 492/3 | €2,183 | €20,646 | +€18,462 | +845.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,108 | €25,390 | +€7,281 | +40.2% |
| Other operating charges | 640/8 | €4,094 | €4,964 | +€870 | +21.2% |
| Gross operating margin | 9900 | €52,920 | €107,108 | +€54,188 | +102.4% |
| Operating profit (loss) | 9901 | €30,718 | €76,754 | +€46,037 | +149.9% |
| Financial income | 75/76B | €10,233 | €6,798 | -€3,435 | -33.6% |
| Recurring financial income | 75 | €10,233 | €6,798 | -€3,435 | -33.6% |
| Financial charges | 65/66B | €359 | €3,720 | +€3,360 | +934.8% |
| Recurring financial charges | 65 | €359 | €3,720 | +€3,360 | +934.8% |
| Profit (loss) for the period before taxes | 9903 | €40,592 | €79,833 | +€39,241 | +96.7% |
| Income taxes | 67/77 | €10,853 | €22,659 | +€11,806 | +108.8% |
| Profit (loss) for the period | 9904 | €29,738 | €57,173 | +€27,435 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,738 | €57,173 | +€27,435 | +92.3% |
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 6 October 2026 via checked.be.