N-Advice: 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.
N-Advice
Largest movements
- Receivables after one year +€99,841
new in 2025: €99,841
- Cash +€62,345
up €62,345 (+79.6%), from €78,357 to €140,702
mainly Net result for the year (+€137,540) and Tax, wage and social debts (+€28,150)
- Tangible fixed assets -€12,822
down €12,822 (-20.8%), from €61,595 to €48,774
- Receivables within one year +€5,671
new in 2025: €5,671
- Reserves +€137,540
up €137,540 (+182.2%), from €75,471 to €213,011
- Tax, wage and social debts +€28,150
up €28,150 (+110.5%), from €25,482 to €53,633
of which Taxes: +€24,576
- Debts after one year -€9,016
down €9,016 (-32.9%), from €27,421 to €18,405
- Gross operating margin +€103,922
up €103,922 (+90.3%), from €115,068 to €218,990
- Taxes +€22,038
up €22,038 (+112.9%), from €19,527 to €41,565
- Financial charges +€13,462
up €13,462 (+442.0%), from €3,046 to €16,507
of which Non-recurring financial charges: +€14,965
- Staff costs +€10,344
new in 2025: €10,344
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 | €139,952 | €296,610 | +€156,657 | +111.9% |
| Fixed assets | 21/28 | €61,595 | €48,774 | -€12,822 | -20.8% |
| Tangible fixed assets | 22/27 | €61,595 | €48,774 | -€12,822 | -20.8% |
| Furniture and vehicles | 24 | €61,595 | €48,774 | -€12,822 | -20.8% |
| Current assets | 29/58 | €78,357 | €247,836 | +€169,479 | +216.3% |
| Amounts receivable after more than one year | 29 | - | €99,841 | +€99,841 | |
| Other amounts receivable | 291 | - | €99,841 | +€99,841 | |
| Amounts receivable within one year | 40/41 | - | €5,671 | +€5,671 | |
| Other amounts receivable | 41 | - | €5,671 | +€5,671 | |
| Cash at bank and in hand | 54/58 | €78,357 | €140,702 | +€62,345 | +79.6% |
| Deferred charges and accrued income | 490/1 | - | €1,622 | +€1,622 | |
| Total equity and liabilities | 10/49 | €139,952 | €296,610 | +€156,657 | +111.9% |
| Equity | 10/15 | €76,471 | €214,011 | +€137,540 | +179.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €75,471 | €213,011 | +€137,540 | +182.2% |
| Distributable reserves | 133 | €75,471 | €213,011 | +€137,540 | +182.2% |
| Amounts payable | 17/49 | €63,481 | €82,599 | +€19,118 | +30.1% |
| Amounts payable after more than one year | 17 | €27,421 | €18,405 | -€9,016 | -32.9% |
| Financial debts | 170/4 | €27,421 | €18,405 | -€9,016 | -32.9% |
| Amounts payable within one year | 42/48 | €35,761 | €64,194 | +€28,433 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €8,635 | €9,016 | +€380 | +4.4% |
| Trade debts | 44 | €326 | €1,532 | +€1,206 | +370.5% |
| Suppliers | 440/4 | €326 | €1,532 | +€1,206 | +370.5% |
| Taxes, remuneration and social security | 45 | €25,482 | €53,633 | +€28,150 | +110.5% |
| Taxes | 450/3 | €25,482 | €50,058 | +€24,576 | +96.4% |
| Remuneration and social security | 454/9 | - | €3,574 | +€3,574 | |
| Other amounts payable | 47/48 | €1,318 | €14 | -€1,304 | -98.9% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €10,344 | +€10,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,244 | €13,745 | -€500 | -3.5% |
| Other operating charges | 640/8 | €1,790 | €1,033 | -€757 | -42.3% |
| Non-recurring operating charges | 66A | €991 | €0 | -€991 | -100.0% |
| Gross operating margin | 9900 | €115,068 | €218,990 | +€103,922 | +90.3% |
| Operating profit (loss) | 9901 | €98,043 | €193,868 | +€95,825 | +97.7% |
| Financial income | 75/76B | €1 | €1,744 | +€1,743 | +335240.4% |
| Recurring financial income | 75 | €1 | €1,744 | +€1,743 | +335240.4% |
| Financial charges | 65/66B | €3,046 | €16,507 | +€13,462 | +442.0% |
| Recurring financial charges | 65 | €3,046 | €1,543 | -€1,503 | -49.3% |
| Non-recurring financial charges | 66B | - | €14,965 | +€14,965 | |
| Profit (loss) for the period before taxes | 9903 | €94,998 | €179,105 | +€84,107 | +88.5% |
| Income taxes | 67/77 | €19,527 | €41,565 | +€22,038 | +112.9% |
| Profit (loss) for the period | 9904 | €75,471 | €137,540 | +€62,069 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,471 | €137,540 | +€62,069 | +82.2% |
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 10 October 2026 via checked.be.