L'ADVANCE: 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.
L'ADVANCE
Largest movements
- Current investments +€39,933
up €39,933 (+66.6%), from €60,000 to €99,933
- Cash -€5,862
down €5,862 (-21.0%), from €27,964 to €22,102
mainly Contributions, distributions and other (-€40,000) and Current investments (-€39,933)
- Receivables within one year -€5,091
down €5,091 (-58.8%), from €8,653 to €3,562
of which Other amounts receivable: -€6,801
- Tangible fixed assets -€3,997
down €3,997 (-28.5%), from €14,050 to €10,053
of which Other tangible fixed assets: -€2,226
- Deferred charges and accrued income +€2,253
up €2,253 (+111.7%), from €2,017 to €4,270
- Reserves +€12,624
up €12,624 (+14.7%), from €85,657 to €98,281
- Tax, wage and social debts +€6,000
new in 2025: €6,000
- Other debts +€3,283
up €3,283 (+12.5%), from €26,360 to €29,643
- Accrued charges and deferred income +€1,891
up €1,891 (+502.3%), from €376 to €2,268
- Profit (loss) carried forward +€1,846
no longer reported in 2025 (was -€1,846)
- Gross operating margin +€77,276
up €77,276 (+1502.1%), from €5,145 to €82,421
- Taxes +€19,329
up €19,329 (+881.7%), from €2,192 to €21,522
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 | €112,684 | €139,920 | +€27,236 | +24.2% |
| Fixed assets | 21/28 | €14,050 | €10,053 | -€3,997 | -28.5% |
| Tangible fixed assets | 22/27 | €14,050 | €10,053 | -€3,997 | -28.5% |
| Furniture and vehicles | 24 | €4,362 | €2,591 | -€1,771 | -40.6% |
| Other tangible fixed assets | 26 | €9,688 | €7,462 | -€2,226 | -23.0% |
| Current assets | 29/58 | €98,633 | €129,867 | +€31,234 | +31.7% |
| Amounts receivable within one year | 40/41 | €8,653 | €3,562 | -€5,091 | -58.8% |
| Trade receivables | 40 | €620 | €2,330 | +€1,710 | +275.7% |
| Other amounts receivable | 41 | €8,032 | €1,231 | -€6,801 | -84.7% |
| Current investments | 50/53 | €60,000 | €99,933 | +€39,933 | +66.6% |
| Cash at bank and in hand | 54/58 | €27,964 | €22,102 | -€5,862 | -21.0% |
| Deferred charges and accrued income | 490/1 | €2,017 | €4,270 | +€2,253 | +111.7% |
| Total equity and liabilities | 10/49 | €112,684 | €139,920 | +€27,236 | +24.2% |
| Equity | 10/15 | €84,811 | €99,281 | +€14,470 | +17.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,657 | €98,281 | +€12,624 | +14.7% |
| Distributable reserves | 133 | €85,657 | €98,281 | +€12,624 | +14.7% |
| Profit (loss) carried forward | 14 | -€1,846 | - | +€1,846 | |
| Amounts payable | 17/49 | €27,873 | €40,639 | +€12,766 | +45.8% |
| Amounts payable within one year | 42/48 | €27,497 | €38,371 | +€10,875 | +39.5% |
| Trade debts | 44 | €1,136 | €2,728 | +€1,592 | +140.1% |
| Suppliers | 440/4 | €1,136 | €2,728 | +€1,592 | +140.1% |
| Taxes, remuneration and social security | 45 | - | €6,000 | +€6,000 | |
| Taxes | 450/3 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €26,360 | €29,643 | +€3,283 | +12.5% |
| Accrued charges and deferred income | 492/3 | €376 | €2,268 | +€1,891 | +502.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,216 | €3,997 | +€782 | +24.3% |
| Other operating charges | 640/8 | €1,350 | €1,391 | +€41 | +3.0% |
| Gross operating margin | 9900 | €5,145 | €82,421 | +€77,276 | +1502.1% |
| Operating profit (loss) | 9901 | €579 | €77,032 | +€76,453 | +13203.3% |
| Financial income | 75/76B | €1,709 | €1,663 | -€46 | -2.7% |
| Recurring financial income | 75 | €1,709 | €1,663 | -€46 | -2.7% |
| Financial charges | 65/66B | €1,942 | €2,703 | +€761 | +39.2% |
| Recurring financial charges | 65 | €1,942 | €2,703 | +€761 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €346 | €75,992 | +€75,646 | +21858.6% |
| Income taxes | 67/77 | €2,192 | €21,522 | +€19,329 | +881.7% |
| Profit (loss) for the period | 9904 | -€1,846 | €54,470 | +€56,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,846 | €54,470 | +€56,317 |
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 9 October 2026 via checked.be.