BRUSSELS ADVANCE GROUP: 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.
BRUSSELS ADVANCE GROUP
Largest movements
- Receivables within one year +€21,596
up €21,596 (+16.7%), from €129,548 to €151,144
of which Trade receivables: +€38,113
- Cash -€13,266
down €13,266 (-26.2%), from €50,720 to €37,453
mainly Receivables within one year (-€21,596) and Net result for the year (-€16,803)
- Stocks and contracts -€5,000
down €5,000 (-52.6%), from €9,500 to €4,500
- Tangible fixed assets -€4,536
down €4,536 (-10.8%), from €41,852 to €37,316
of which Furniture and vehicles: -€19,176
- Deferred charges and accrued income -€4,040
down €4,040 (-85.5%), from €4,723 to €684
- Profit (loss) carried forward -€16,803
down €16,803 (-17.2%), from €97,867 to €81,064
- Tax, wage and social debts +€15,274
up €15,274 (+48.6%), from €31,419 to €46,694
of which Remuneration and social security: +€8,651
- Trade debts -€14,675
down €14,675 (-23.5%), from €62,533 to €47,858
- Current portion of long-term debt +€4,645
up €4,645 (+47.8%), from €9,722 to €14,367
- Debts after one year +€3,352
up €3,352 (+29.9%), from €11,215 to €14,567
- Gross operating margin -€81,897
down €81,897 (-39.6%), from €206,572 to €124,675
- Financial charges -€17,711
down €17,711 (-44.2%), from €40,091 to €22,380
of which Non-recurring financial charges: -€18,952
- Staff costs +€16,176
up €16,176 (+16.9%), from €95,630 to €111,806
- Taxes -€15,624
down €15,624 (-99.6%), from €15,691 to €68
- Financial income +€14,054
up €14,054 (+22,559%), from €62 to €14,116
of which Non-recurring financial income: +€14,044
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,295 | €237,049 | -€5,246 | -2.2% |
| Fixed assets | 21/28 | €47,804 | €43,268 | -€4,536 | -9.5% |
| Tangible fixed assets | 22/27 | €41,852 | €37,316 | -€4,536 | -10.8% |
| Furniture and vehicles | 24 | €29,701 | €10,525 | -€19,176 | -64.6% |
| Leasing and similar rights | 25 | €12,151 | €26,792 | +€14,640 | +120% |
| Financial fixed assets | 28 | €5,952 | €5,952 | = | 0.0% |
| Current assets | 29/58 | €194,491 | €193,781 | -€710 | -0.4% |
| Stocks and contracts in progress | 3 | €9,500 | €4,500 | -€5,000 | -52.6% |
| Stocks | 30/36 | €9,500 | €4,500 | -€5,000 | -52.6% |
| Amounts receivable within one year | 40/41 | €129,548 | €151,144 | +€21,596 | +16.7% |
| Trade receivables | 40 | €72,792 | €110,905 | +€38,113 | +52.4% |
| Other amounts receivable | 41 | €56,755 | €40,239 | -€16,517 | -29.1% |
| Cash at bank and in hand | 54/58 | €50,720 | €37,453 | -€13,266 | -26.2% |
| Deferred charges and accrued income | 490/1 | €4,723 | €684 | -€4,040 | -85.5% |
| Total equity and liabilities | 10/49 | €242,295 | €237,049 | -€5,246 | -2.2% |
| Equity | 10/15 | €125,367 | €108,564 | -€16,803 | -13.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Other | 1319 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,867 | €81,064 | -€16,803 | -17.2% |
| Amounts payable | 17/49 | €116,928 | €128,486 | +€11,557 | +9.9% |
| Amounts payable after more than one year | 17 | €11,215 | €14,567 | +€3,352 | +29.9% |
| Financial debts | 170/4 | €11,215 | €14,567 | +€3,352 | +29.9% |
| Amounts payable within one year | 42/48 | €105,713 | €113,919 | +€8,206 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €9,722 | €14,367 | +€4,645 | +47.8% |
| Trade debts | 44 | €62,533 | €47,858 | -€14,675 | -23.5% |
| Suppliers | 440/4 | €62,533 | €47,858 | -€14,675 | -23.5% |
| Advances received on contracts in progress | 46 | €2,039 | €5,000 | +€2,961 | +145% |
| Taxes, remuneration and social security | 45 | €31,419 | €46,694 | +€15,274 | +48.6% |
| Taxes | 450/3 | €25,525 | €32,148 | +€6,623 | +25.9% |
| Remuneration and social security | 454/9 | €5,894 | €14,545 | +€8,651 | +147% |
| Remuneration, social security and pensions | 62 | €95,630 | €111,806 | +€16,176 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,251 | €16,255 | +€4 | 0.0% |
| Other operating charges | 640/8 | €1,670 | €5,085 | +€3,416 | +205% |
| Gross operating margin | 9900 | €206,572 | €124,675 | -€81,897 | -39.6% |
| Operating profit (loss) | 9901 | €93,021 | -€8,472 | -€101,493 | |
| Financial income | 75/76B | €62 | €14,116 | +€14,054 | +22,559% |
| Recurring financial income | 75 | €0 | €11 | +€10 | +2,452% |
| Non-recurring financial income | 76B | €62 | €14,106 | +€14,044 | +22,695% |
| Financial charges | 65/66B | €40,091 | €22,380 | -€17,711 | -44.2% |
| Recurring financial charges | 65 | €1,697 | €2,938 | +€1,241 | +73.1% |
| Non-recurring financial charges | 66B | €38,394 | €19,442 | -€18,952 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €52,992 | -€16,735 | -€69,727 | |
| Income taxes | 67/77 | €15,691 | €68 | -€15,624 | -99.6% |
| Profit (loss) for the period | 9904 | €37,301 | -€16,803 | -€54,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,301 | -€16,803 | -€54,104 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.