M-Advo: 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.
M-Advo
Largest movements
- Cash +€14,543
up €14,543 (+65.4%), from €22,222 to €36,764
mainly Receivables within one year (+€11,447) and Tax, wage and social debts (+€5,422)
- Receivables within one year -€11,447
down €11,447 (-44.6%), from €25,680 to €14,234
of which Trade receivables: -€11,438
- Tangible fixed assets -€2,507
down €2,507 (-39.3%), from €6,383 to €3,876
of which Furniture and vehicles: -€1,707
- Tax, wage and social debts +€5,422
up €5,422 (+91.6%), from €5,919 to €11,341
of which Taxes: +€3,228
- Other debts -€5,381
down €5,381 (-62.3%), from €8,642 to €3,262
- Trade debts +€969
up €969 (+164%), from €590 to €1,558
- Gross operating margin +€1,460
up €1,460 (+39.3%), from €3,719 to €5,179
- Other operating charges +€549
up €549 (+254%), from €216 to €765
- Depreciation +€440
up €440 (+21.3%), from €2,067 to €2,507
- Financial charges -€105
down €105 (-10.1%), from €1,038 to €933
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 | €54,548 | €55,545 | +€998 | +1.8% |
| Fixed assets | 21/28 | €6,383 | €3,876 | -€2,507 | -39.3% |
| Tangible fixed assets | 22/27 | €6,383 | €3,876 | -€2,507 | -39.3% |
| Land and buildings | 22 | €2,530 | €1,730 | -€800 | -31.6% |
| Furniture and vehicles | 24 | €3,853 | €2,146 | -€1,707 | -44.3% |
| Current assets | 29/58 | €48,165 | €51,669 | +€3,504 | +7.3% |
| Amounts receivable within one year | 40/41 | €25,680 | €14,234 | -€11,447 | -44.6% |
| Trade receivables | 40 | €25,669 | €14,230 | -€11,438 | -44.6% |
| Other amounts receivable | 41 | €12 | €3 | -€8 | -72.2% |
| Cash at bank and in hand | 54/58 | €22,222 | €36,764 | +€14,543 | +65.4% |
| Deferred charges and accrued income | 490/1 | €263 | €671 | +€408 | +156% |
| Total equity and liabilities | 10/49 | €54,548 | €55,545 | +€998 | +1.8% |
| Equity | 10/15 | €39,332 | €39,332 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,932 | €26,932 | = | 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 | €25,072 | €25,072 | = | 0.0% |
| Amounts payable | 17/49 | €15,216 | €16,213 | +€998 | +6.6% |
| Amounts payable within one year | 42/48 | €15,216 | €16,213 | +€998 | +6.6% |
| Financial debts | 43 | €64 | €52 | -€12 | -19.0% |
| Credit institutions | 430/8 | €64 | €52 | -€12 | -19.0% |
| Trade debts | 44 | €590 | €1,558 | +€969 | +164% |
| Suppliers | 440/4 | €590 | €1,558 | +€969 | +164% |
| Taxes, remuneration and social security | 45 | €5,919 | €11,341 | +€5,422 | +91.6% |
| Taxes | 450/3 | €5,919 | €9,147 | +€3,228 | +54.5% |
| Remuneration and social security | 454/9 | - | €2,194 | +€2,194 | |
| Other amounts payable | 47/48 | €8,642 | €3,262 | -€5,381 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,067 | €2,507 | +€440 | +21.3% |
| Other operating charges | 640/8 | €216 | €765 | +€549 | +254% |
| Gross operating margin | 9900 | €3,719 | €5,179 | +€1,460 | +39.3% |
| Operating profit (loss) | 9901 | €1,435 | €1,907 | +€472 | +32.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,038 | €933 | -€105 | -10.1% |
| Recurring financial charges | 65 | €1,038 | €933 | -€105 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €397 | €974 | +€576 | +145% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €258 | €833 | +€575 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €258 | €833 | +€575 | +223% |
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 18 October 2026 via checked.be.