FINADVIZE: 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.
FINADVIZE
Largest movements
- Receivables after one year +€185,000
up €185,000 (+86.0%), from €215,000 to €400,000
- Cash -€131,040
down €131,040 (-72.1%), from €181,862 to €50,822
mainly Contributions, distributions and other (-€450,000) and Receivables after one year (-€185,000)
- Tangible fixed assets -€32,864
down €32,864 (-11.9%), from €276,452 to €243,587
of which Furniture and vehicles: -€29,115
- Receivables within one year -€22,681
down €22,681 (-71.8%), from €31,597 to €8,916
of which Trade receivables: -€20,730
- Deferred charges and accrued income +€12,279
up €12,279 (+251%), from €4,884 to €17,163
- Other debts +€347,341
up €347,341 (+19,338%), from €1,796 to €349,138
- Profit (loss) carried forward -€333,365
down €333,365 (-87.4%), from €381,567 to €48,202
- Debts after one year -€42,028
down €42,028 (-20.3%), from €207,429 to €165,401
of which Financial debts: -€37,028
- Reserves +€33,680
up €33,680 (+80.0%), from €42,100 to €75,780
of which Distributable reserves: +€42,100
- Financial income -€1.0m
down €1.0m (-98.7%), from €1.0m to €13,594
- Gross operating margin -€556,712
down €556,712 (-70.3%), from €792,008 to €235,296
- Taxes -€144,007
down €144,007 (-75.4%), from €191,079 to €47,071
- Depreciation +€21,639
up €21,639 (+119%), from €18,217 to €39,856
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 | €723,465 | €734,159 | +€10,694 | +1.5% |
| Fixed assets | 21/28 | €290,122 | €257,258 | -€32,864 | -11.3% |
| Tangible fixed assets | 22/27 | €276,452 | €243,587 | -€32,864 | -11.9% |
| Land and buildings | 22 | €119,101 | €115,649 | -€3,452 | -2.9% |
| Plant, machinery and equipment | 23 | €7,139 | €6,842 | -€298 | -4.2% |
| Furniture and vehicles | 24 | €149,282 | €120,167 | -€29,115 | -19.5% |
| Other tangible fixed assets | 26 | €930 | €930 | = | 0.0% |
| Financial fixed assets | 28 | €13,670 | €13,670 | = | 0.0% |
| Current assets | 29/58 | €433,343 | €476,901 | +€43,558 | +10.1% |
| Amounts receivable after more than one year | 29 | €215,000 | €400,000 | +€185,000 | +86.0% |
| Other amounts receivable | 291 | €215,000 | €400,000 | +€185,000 | +86.0% |
| Amounts receivable within one year | 40/41 | €31,597 | €8,916 | -€22,681 | -71.8% |
| Trade receivables | 40 | €29,646 | €8,916 | -€20,730 | -69.9% |
| Other amounts receivable | 41 | €1,951 | - | -€1,951 | |
| Cash at bank and in hand | 54/58 | €181,862 | €50,822 | -€131,040 | -72.1% |
| Deferred charges and accrued income | 490/1 | €4,884 | €17,163 | +€12,279 | +251% |
| Total equity and liabilities | 10/49 | €723,465 | €734,159 | +€10,694 | +1.5% |
| Equity | 10/15 | €442,267 | €142,582 | -€299,685 | -67.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,100 | €75,780 | +€33,680 | +80.0% |
| Tax-exempt reserves | 132 | €42,100 | €33,680 | -€8,420 | -20.0% |
| Distributable reserves | 133 | - | €42,100 | +€42,100 | |
| Profit (loss) carried forward | 14 | €381,567 | €48,202 | -€333,365 | -87.4% |
| Amounts payable | 17/49 | €281,198 | €591,577 | +€310,378 | +110% |
| Amounts payable after more than one year | 17 | €207,429 | €165,401 | -€42,028 | -20.3% |
| Financial debts | 170/4 | €102,429 | €65,401 | -€37,028 | -36.1% |
| Other amounts payable | 178/9 | €105,000 | €100,000 | -€5,000 | -4.8% |
| Amounts payable within one year | 42/48 | €69,569 | €422,186 | +€352,617 | +507% |
| Current portion of amounts payable after more than one year | 42 | €35,803 | €37,028 | +€1,225 | +3.4% |
| Trade debts | 44 | €2,272 | €6,943 | +€4,671 | +206% |
| Suppliers | 440/4 | €2,272 | €6,943 | +€4,671 | +206% |
| Taxes, remuneration and social security | 45 | €29,698 | €29,077 | -€621 | -2.1% |
| Taxes | 450/3 | €29,698 | €29,077 | -€621 | -2.1% |
| Other amounts payable | 47/48 | €1,796 | €349,138 | +€347,341 | +19,338% |
| Accrued charges and deferred income | 492/3 | €4,200 | €3,989 | -€211 | -5.0% |
| Non-recurring operating income | 76A | €25,454 | - | -€25,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,217 | €39,856 | +€21,639 | +119% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,864 | +€2,864 | |
| Other operating charges | 640/8 | €7,802 | - | -€7,802 | |
| Gross operating margin | 9900 | €792,008 | €235,296 | -€556,712 | -70.3% |
| Operating profit (loss) | 9901 | €765,990 | €192,576 | -€573,414 | -74.9% |
| Financial income | 75/76B | €1,014,749 | €13,594 | -€1.0m | -98.7% |
| Recurring financial income | 75 | €1,014,749 | €13,594 | -€1.0m | -98.7% |
| Financial charges | 65/66B | €8,093 | €8,783 | +€690 | +8.5% |
| Recurring financial charges | 65 | €8,093 | €8,783 | +€690 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,772,646 | €197,387 | -€1.6m | -88.9% |
| Income taxes | 67/77 | €191,079 | €47,071 | -€144,007 | -75.4% |
| Profit (loss) for the period | 9904 | €1,581,567 | €150,315 | -€1.4m | -90.5% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | - | €33,680 | +€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,581,567 | €158,735 | -€1.4m | -90.0% |
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 17 October 2026 via checked.be.