Private Advisory Services: 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.
Private Advisory Services
Largest movements
- Receivables within one year -€15,604
down €15,604 (-94.8%), from €16,455 to €851
of which Other amounts receivable: -€15,240
- Cash -€12,381
down €12,381 (-97.7%), from €12,671 to €290
mainly Net result for the year (-€56,008) and Tax, wage and social debts (-€12,543)
- Profit (loss) carried forward -€56,008
down €56,008 (-43.4%), from -€128,970 to -€184,978
- Other debts +€43,602
new in 2025: €43,602
- Tax, wage and social debts -€12,543
no longer reported in 2025 (was €12,543)
- Trade debts -€5,537
down €5,537 (-35.3%), from €15,673 to €10,136
- Financial charges -€50,406
down €50,406 (-58.7%), from €85,897 to €35,491
- Staff costs -€22,936
down €22,936 (-67.1%), from €34,202 to €11,266
- Gross operating margin -€12,674
down €12,674, from €4,939 to -€7,735
- Other operating charges -€2,173
down €2,173 (-52.2%), from €4,159 to €1,986
- Financial income -€1,728
down €1,728 (-78.6%), from €2,198 to €469
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 | €323,831 | €295,845 | -€27,985 | -8.6% |
| Fixed assets | 21/28 | €294,705 | €294,705 | = | 0.0% |
| Tangible fixed assets | 22/27 | €294,705 | €294,705 | = | 0.0% |
| Land and buildings | 22 | €294,705 | €294,705 | = | 0.0% |
| Current assets | 29/58 | €29,126 | €1,140 | -€27,985 | -96.1% |
| Amounts receivable within one year | 40/41 | €16,455 | €851 | -€15,604 | -94.8% |
| Trade receivables | 40 | €1,068 | €703 | -€364 | -34.1% |
| Other amounts receivable | 41 | €15,387 | €147 | -€15,240 | -99.0% |
| Cash at bank and in hand | 54/58 | €12,671 | €290 | -€12,381 | -97.7% |
| Total equity and liabilities | 10/49 | €323,831 | €295,845 | -€27,985 | -8.6% |
| Equity | 10/15 | -€94,884 | -€150,892 | -€56,008 | -59.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,970 | -€184,978 | -€56,008 | -43.4% |
| Amounts payable | 17/49 | €418,715 | €446,738 | +€28,023 | +6.7% |
| Amounts payable after more than one year | 17 | €390,500 | €393,000 | +€2,500 | +0.6% |
| Financial debts | 170/4 | €390,500 | €393,000 | +€2,500 | +0.6% |
| Amounts payable within one year | 42/48 | €28,215 | €53,738 | +€25,523 | +90.5% |
| Trade debts | 44 | €15,673 | €10,136 | -€5,537 | -35.3% |
| Suppliers | 440/4 | €15,673 | €10,136 | -€5,537 | -35.3% |
| Taxes, remuneration and social security | 45 | €12,543 | - | -€12,543 | |
| Remuneration and social security | 454/9 | €12,543 | - | -€12,543 | |
| Other amounts payable | 47/48 | - | €43,602 | +€43,602 | |
| Remuneration, social security and pensions | 62 | €34,202 | €11,266 | -€22,936 | -67.1% |
| Other operating charges | 640/8 | €4,159 | €1,986 | -€2,173 | -52.2% |
| Gross operating margin | 9900 | €4,939 | -€7,735 | -€12,674 | |
| Operating profit (loss) | 9901 | -€33,422 | -€20,987 | +€12,435 | +37.2% |
| Financial income | 75/76B | €2,198 | €469 | -€1,728 | -78.6% |
| Recurring financial income | 75 | €2,198 | €469 | -€1,728 | -78.6% |
| Financial charges | 65/66B | €85,897 | €35,491 | -€50,406 | -58.7% |
| Recurring financial charges | 65 | €85,897 | €35,491 | -€50,406 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | -€117,121 | -€56,008 | +€61,113 | +52.2% |
| Profit (loss) for the period | 9904 | -€117,121 | -€56,008 | +€61,113 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€117,121 | -€56,008 | +€61,113 | +52.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.