FINADVI: 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.
FINADVI
Largest movements
- Tangible fixed assets -€90,132
down €90,132 (-17.9%), from €502,623 to €412,491
of which Land and buildings: -€74,979
- Receivables within one year -€81,403
down €81,403 (-63.9%), from €127,361 to €45,958
of which Trade receivables: -€78,844
- Cash +€14,176
up €14,176 (+206.6%), from €6,861 to €21,037
mainly Depreciation (+€90,336) and Receivables within one year (+€81,403)
- Advances received -€71,459
no longer reported in 2025 (was €71,459)
- Debts after one year -€45,441
down €45,441 (-21.0%), from €216,451 to €171,010
- Current portion of long-term debt -€40,447
down €40,447 (-45.5%), from €88,896 to €48,449
- Other debts -€17,415
down €17,415 (-35.1%), from €49,585 to €32,170
- Trade debts +€13,296
up €13,296 (+86.7%), from €15,344 to €28,640
- Gross operating margin -€39,227
down €39,227 (-27.3%), from €143,432 to €104,206
- Depreciation -€22,194
down €22,194 (-19.7%), from €112,529 to €90,336
- Taxes -€10,587
down €10,587, from €8,966 to -€1,621
- Financial charges -€4,352
down €4,352 (-30.8%), from €14,146 to €9,794
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 | €683,282 | €520,839 | -€162,443 | -23.8% |
| Formation expenses | 20 | €203 | - | -€203 | |
| Fixed assets | 21/28 | €502,623 | €412,491 | -€90,132 | -17.9% |
| Tangible fixed assets | 22/27 | €502,623 | €412,491 | -€90,132 | -17.9% |
| Land and buildings | 22 | €480,623 | €405,644 | -€74,979 | -15.6% |
| Furniture and vehicles | 24 | €3,391 | €655 | -€2,736 | -80.7% |
| Leasing and similar rights | 25 | €18,609 | €6,192 | -€12,418 | -66.7% |
| Current assets | 29/58 | €180,455 | €108,348 | -€72,107 | -40.0% |
| Amounts receivable after more than one year | 29 | €46,233 | €41,353 | -€4,880 | -10.6% |
| Other amounts receivable | 291 | €46,233 | €41,353 | -€4,880 | -10.6% |
| Amounts receivable within one year | 40/41 | €127,361 | €45,958 | -€81,403 | -63.9% |
| Trade receivables | 40 | €116,870 | €38,026 | -€78,844 | -67.5% |
| Other amounts receivable | 41 | €10,492 | €7,932 | -€2,559 | -24.4% |
| Cash at bank and in hand | 54/58 | €6,861 | €21,037 | +€14,176 | +206.6% |
| Total equity and liabilities | 10/49 | €683,282 | €520,839 | -€162,443 | -23.8% |
| Equity | 10/15 | €214,460 | €224,460 | +€10,000 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,860 | €205,860 | +€10,000 | +5.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €194,000 | €205,860 | +€11,860 | +6.1% |
| Provisions and deferred taxes | 16 | €11,429 | €7,720 | -€3,709 | -32.5% |
| Deferred taxes | 168 | €11,429 | €7,720 | -€3,709 | -32.5% |
| Amounts payable | 17/49 | €457,393 | €288,660 | -€168,733 | -36.9% |
| Amounts payable after more than one year | 17 | €216,451 | €171,010 | -€45,441 | -21.0% |
| Financial debts | 170/4 | €216,451 | €171,010 | -€45,441 | -21.0% |
| Amounts payable within one year | 42/48 | €238,442 | €117,650 | -€120,793 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €88,896 | €48,449 | -€40,447 | -45.5% |
| Financial debts | 43 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Other loans | 439 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Trade debts | 44 | €15,344 | €28,640 | +€13,296 | +86.7% |
| Suppliers | 440/4 | €15,344 | €28,640 | +€13,296 | +86.7% |
| Advances received on contracts in progress | 46 | €71,459 | - | -€71,459 | |
| Taxes, remuneration and social security | 45 | €5,159 | €2,391 | -€2,768 | -53.7% |
| Taxes | 450/3 | €5,159 | €2,391 | -€2,768 | -53.7% |
| Other amounts payable | 47/48 | €49,585 | €32,170 | -€17,415 | -35.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,529 | €90,336 | -€22,194 | -19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €180 | - | -€180 | |
| Other operating charges | 640/8 | €1,078 | €507 | -€571 | -52.9% |
| Gross operating margin | 9900 | €143,432 | €104,206 | -€39,227 | -27.3% |
| Operating profit (loss) | 9901 | €29,645 | €13,363 | -€16,282 | -54.9% |
| Financial income | 75/76B | €1,786 | €1,101 | -€684 | -38.3% |
| Recurring financial income | 75 | €1,786 | €1,101 | -€684 | -38.3% |
| Financial charges | 65/66B | €14,146 | €9,794 | -€4,352 | -30.8% |
| Recurring financial charges | 65 | €14,146 | €9,794 | -€4,352 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €17,285 | €4,670 | -€12,614 | -73.0% |
| Transfer from deferred taxes | 780 | €682 | €3,709 | +€3,028 | +444.2% |
| Income taxes | 67/77 | €8,966 | -€1,621 | -€10,587 | |
| Profit (loss) for the period | 9904 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,000 | €10,000 | +€1,000 | +11.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.