CORPORATE ADVISORS: 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.
CORPORATE ADVISORS
Largest movements
- Cash +€7,627
up €7,627 (+901%), from €846 to €8,473
mainly Other debts (+€66,857) and Depreciation (+€17,720)
- Other debts +€66,857
up €66,857 (+46.5%), from €143,631 to €210,488
- Debts after one year -€45,281
down €45,281 (-28.2%), from €160,611 to €115,330
- Profit (loss) carried forward +€14,362
up €14,362 (+44.4%), from €32,317 to €46,679
- Trade debts -€13,572
down €13,572 (-90.0%), from €15,086 to €1,513
- Current portion of long-term debt -€7,584
down €7,584 (-12.4%), from €61,353 to €53,768
- Gross operating margin -€20,592
down €20,592 (-30.6%), from €67,213 to €46,621
- Depreciation +€8,083
up €8,083 (+83.9%), from €9,637 to €17,720
- Financial charges -€5,350
down €5,350 (-52.5%), from €10,186 to €4,836
- Taxes -€4,859
down €4,859 (-37.3%), from €13,040 to €8,181
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 | €640,773 | €649,754 | +€8,981 | +1.4% |
| Fixed assets | 21/28 | €609,061 | €610,403 | +€1,342 | +0.2% |
| Tangible fixed assets | 22/27 | €609,061 | €610,403 | +€1,342 | +0.2% |
| Land and buildings | 22 | €342,462 | €609,561 | +€267,099 | +78.0% |
| Furniture and vehicles | 24 | €1,441 | €842 | -€599 | -41.6% |
| Assets under construction and advance payments | 27 | €265,158 | - | -€265,158 | |
| Current assets | 29/58 | €31,711 | €39,350 | +€7,639 | +24.1% |
| Amounts receivable within one year | 40/41 | €30,865 | €30,877 | +€12 | 0.0% |
| Trade receivables | 40 | €16,057 | €16,057 | = | 0.0% |
| Other amounts receivable | 41 | €14,809 | €14,821 | +€12 | +0.1% |
| Cash at bank and in hand | 54/58 | €846 | €8,473 | +€7,627 | +901% |
| Total equity and liabilities | 10/49 | €640,773 | €649,754 | +€8,981 | +1.4% |
| Equity | 10/15 | €244,315 | €258,677 | +€14,362 | +5.9% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €202,798 | €202,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €200,938 | €200,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,317 | €46,679 | +€14,362 | +44.4% |
| Amounts payable | 17/49 | €396,457 | €391,076 | -€5,381 | -1.4% |
| Amounts payable after more than one year | 17 | €160,611 | €115,330 | -€45,281 | -28.2% |
| Financial debts | 170/4 | €160,611 | €115,330 | -€45,281 | -28.2% |
| Amounts payable within one year | 42/48 | €232,875 | €272,775 | +€39,900 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €61,353 | €53,768 | -€7,584 | -12.4% |
| Trade debts | 44 | €15,086 | €1,513 | -€13,572 | -90.0% |
| Suppliers | 440/4 | €15,086 | €1,513 | -€13,572 | -90.0% |
| Taxes, remuneration and social security | 45 | €12,806 | €7,006 | -€5,800 | -45.3% |
| Taxes | 450/3 | €12,806 | €7,006 | -€5,800 | -45.3% |
| Other amounts payable | 47/48 | €143,631 | €210,488 | +€66,857 | +46.5% |
| Accrued charges and deferred income | 492/3 | €2,971 | €2,971 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,637 | €17,720 | +€8,083 | +83.9% |
| Other operating charges | 640/8 | €2,131 | €1,603 | -€529 | -24.8% |
| Gross operating margin | 9900 | €67,213 | €46,621 | -€20,592 | -30.6% |
| Operating profit (loss) | 9901 | €55,445 | €27,298 | -€28,147 | -50.8% |
| Financial income | 75/76B | €97 | €81 | -€17 | -17.4% |
| Recurring financial income | 75 | €97 | €81 | -€17 | -17.4% |
| Financial charges | 65/66B | €10,186 | €4,836 | -€5,350 | -52.5% |
| Recurring financial charges | 65 | €10,186 | €4,836 | -€5,350 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €45,357 | €22,543 | -€22,814 | -50.3% |
| Income taxes | 67/77 | €13,040 | €8,181 | -€4,859 | -37.3% |
| Profit (loss) for the period | 9904 | €32,317 | €14,362 | -€17,955 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,317 | €14,362 | -€17,955 | -55.6% |
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 19 October 2026 via checked.be.