AVANTAGES: 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.
AVANTAGES
Largest movements
- Deferred charges and accrued income +€5,862
up €5,862 (+63.1%), from €9,293 to €15,155
- Receivables within one year -€927
down €927 (-14.2%), from €6,540 to €5,613
of which Trade receivables: -€1,064
- Current investments -€331
no longer reported in 2025 (was €331)
- Cash +€272
new in 2025: €272
mainly Trade debts (+€5,507) and Receivables within one year (+€927)
- Trade debts +€5,507
up €5,507 (+204.3%), from €2,696 to €8,203
of which Suppliers: +€3,512
- Profit (loss) carried forward -€822
down €822 (-14.1%), from -€5,829 to -€6,651
- Other debts +€291
up €291 (+13.8%), from €2,112 to €2,403
- Purchases and services +€2,001
up €2,001 (+29.9%), from €6,685 to €8,686
- Turnover +€1,563
up €1,563 (+19.8%), from €7,911 to €9,474
- Gross operating margin -€438
down €438 (-35.7%), from €1,226 to €788
- Taxes +€436
up €436 (+89.0%), from €490 to €926
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 | €17,579 | €22,555 | +€4,976 | +28.3% |
| Fixed assets | 21/28 | €1,415 | €1,515 | +€100 | +7.1% |
| Tangible fixed assets | 22/27 | €1,415 | €1,515 | +€100 | +7.1% |
| Furniture and vehicles | 24 | €849 | €1,232 | +€383 | +45.1% |
| Other tangible fixed assets | 26 | €566 | €283 | -€283 | -50.0% |
| Current assets | 29/58 | €16,164 | €21,040 | +€4,876 | +30.2% |
| Amounts receivable within one year | 40/41 | €6,540 | €5,613 | -€927 | -14.2% |
| Trade receivables | 40 | €6,339 | €5,275 | -€1,064 | -16.8% |
| Other amounts receivable | 41 | €201 | €338 | +€137 | +68.2% |
| Current investments | 50/53 | €331 | - | -€331 | |
| Cash at bank and in hand | 54/58 | - | €272 | +€272 | |
| Deferred charges and accrued income | 490/1 | €9,293 | €15,155 | +€5,862 | +63.1% |
| Total equity and liabilities | 10/49 | €17,579 | €22,555 | +€4,976 | +28.3% |
| Equity | 10/15 | €12,771 | €11,949 | -€822 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,829 | -€6,651 | -€822 | -14.1% |
| Amounts payable | 17/49 | €4,808 | €10,606 | +€5,798 | +120.6% |
| Amounts payable within one year | 42/48 | €4,808 | €10,606 | +€5,798 | +120.6% |
| Trade debts | 44 | €2,696 | €8,203 | +€5,507 | +204.3% |
| Suppliers | 440/4 | €2,696 | €6,208 | +€3,512 | +130.3% |
| Bills of exchange payable | 441 | - | €1,995 | +€1,995 | |
| Other amounts payable | 47/48 | €2,112 | €2,403 | +€291 | +13.8% |
| Turnover | 70 | €7,911 | €9,474 | +€1,563 | +19.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,685 | €8,686 | +€2,001 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €564 | +€80 | +16.5% |
| Other operating charges | 640/8 | €58 | €62 | +€4 | +6.9% |
| Non-recurring operating charges | 66A | €69 | - | -€69 | |
| Gross operating margin | 9900 | €1,226 | €788 | -€438 | -35.7% |
| Operating profit (loss) | 9901 | €615 | €162 | -€453 | -73.7% |
| Financial charges | 65/66B | €59 | €58 | -€1 | -1.7% |
| Recurring financial charges | 65 | €59 | €58 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €556 | €104 | -€452 | -81.3% |
| Income taxes | 67/77 | €490 | €926 | +€436 | +89.0% |
| Profit (loss) for the period | 9904 | €66 | -€822 | -€888 | |
| Profit (loss) for the period to be appropriated | 9905 | €66 | -€822 | -€888 |
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 11 October 2026 via checked.be.