L'AVANTAGE: 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'AVANTAGE
Largest movements
- Receivables within one year +€12,901
up €12,901 (+34.3%), from €37,567 to €50,468
of which Other amounts receivable: +€13,839
- Other debts +€28,415
up €28,415, from €0 to €28,415
- Debts after one year -€23,307
down €23,307 (-20.7%), from €112,505 to €89,198
- Tax, wage and social debts +€16,091
up €16,091 (+110%), from €14,690 to €30,781
- Reserves -€7,405
down €7,405 (-11.2%), from €66,029 to €58,624
of which Distributable reserves: -€7,405
- Gross operating margin +€10,858
up €10,858 (+29.8%), from €36,398 to €47,256
- Taxes +€5,057
up €5,057 (+50.4%), from €10,030 to €15,087
- Financial charges -€2,404
down €2,404 (-25.8%), from €9,318 to €6,915
- Other operating charges -€1,777
down €1,777 (-57.7%), from €3,081 to €1,304
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 | €222,768 | €236,657 | +€13,889 | +6.2% |
| Fixed assets | 21/28 | €185,158 | €186,182 | +€1,025 | +0.6% |
| Tangible fixed assets | 22/27 | €185,158 | €186,182 | +€1,025 | +0.6% |
| Land and buildings | 22 | €183,727 | €179,455 | -€4,273 | -2.3% |
| Plant, machinery and equipment | 23 | €459 | €1,174 | +€715 | +156% |
| Furniture and vehicles | 24 | €971 | €5,553 | +€4,583 | +472% |
| Current assets | 29/58 | €37,611 | €50,475 | +€12,864 | +34.2% |
| Amounts receivable within one year | 40/41 | €37,567 | €50,468 | +€12,901 | +34.3% |
| Trade receivables | 40 | €938 | - | -€938 | |
| Other amounts receivable | 41 | €36,630 | €50,468 | +€13,839 | +37.8% |
| Cash at bank and in hand | 54/58 | €43 | €7 | -€37 | -84.5% |
| Total equity and liabilities | 10/49 | €222,768 | €236,657 | +€13,889 | +6.2% |
| Equity | 10/15 | €70,140 | €62,736 | -€7,405 | -10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,029 | €58,624 | -€7,405 | -11.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €66,029 | €58,624 | -€7,405 | -11.2% |
| Profit (loss) carried forward | 14 | -€8,288 | -€8,288 | = | 0.0% |
| Amounts payable | 17/49 | €152,628 | €173,922 | +€21,294 | +14.0% |
| Amounts payable after more than one year | 17 | €112,505 | €89,198 | -€23,307 | -20.7% |
| Financial debts | 170/4 | €112,505 | €89,198 | -€23,307 | -20.7% |
| Amounts payable within one year | 42/48 | €39,822 | €84,723 | +€44,901 | +113% |
| Current portion of amounts payable after more than one year | 42 | €22,198 | €23,307 | +€1,109 | +5.0% |
| Financial debts | 43 | €65 | - | -€65 | |
| Credit institutions | 430/8 | €65 | - | -€65 | |
| Trade debts | 44 | €2,869 | €2,220 | -€650 | -22.6% |
| Suppliers | 440/4 | €2,869 | €2,220 | -€650 | -22.6% |
| Taxes, remuneration and social security | 45 | €14,690 | €30,781 | +€16,091 | +110% |
| Taxes | 450/3 | €14,690 | €30,781 | +€16,091 | +110% |
| Other amounts payable | 47/48 | €0 | €28,415 | +€28,415 | |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,946 | €5,297 | +€351 | +7.1% |
| Other operating charges | 640/8 | €3,081 | €1,304 | -€1,777 | -57.7% |
| Gross operating margin | 9900 | €36,398 | €47,256 | +€10,858 | +29.8% |
| Operating profit (loss) | 9901 | €28,371 | €40,655 | +€12,284 | +43.3% |
| Financial income | 75/76B | €1,988 | €2,357 | +€369 | +18.6% |
| Recurring financial income | 75 | €1,988 | €2,357 | +€369 | +18.6% |
| Financial charges | 65/66B | €9,318 | €6,915 | -€2,404 | -25.8% |
| Recurring financial charges | 65 | €9,318 | €6,915 | -€2,404 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €21,040 | €36,097 | +€15,057 | +71.6% |
| Income taxes | 67/77 | €10,030 | €15,087 | +€5,057 | +50.4% |
| Profit (loss) for the period | 9904 | €11,010 | €21,010 | +€10,000 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,010 | €21,010 | +€10,000 | +90.8% |
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 14 October 2026 via checked.be.