Real adVentures: 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.
Real adVentures
Largest movements
- Financial fixed assets +€375,000
up €375,000 (+681,818%), from €55 to €375,055
- Cash +€7,447
up €7,447 (+54.1%), from €13,755 to €21,202
mainly Debts after one year (+€206,338) and Other debts (+€153,694)
- Tangible fixed assets +€5,972
up €5,972 (+217%), from €2,754 to €8,726
of which Furniture and vehicles: +€4,685
- Receivables within one year -€4,946
down €4,946 (-25.3%), from €19,517 to €14,571
of which Other amounts receivable: -€5,534
- Debts after one year +€206,338
new in 2025: €206,338
- Other debts +€153,694
up €153,694 (+7,883%), from €1,950 to €155,644
- Current portion of long-term debt +€32,915
new in 2025: €32,915
- Profit (loss) carried forward -€25,614
down €25,614 (-100%), from €25,614 to €0
- Tax, wage and social debts +€15,652
up €15,652 (+273%), from €5,738 to €21,390
- Gross operating margin +€39,364
up €39,364 (+81.2%), from €48,463 to €87,827
- Taxes +€10,938
up €10,938 (+116%), from €9,398 to €20,336
- Financial charges +€4,804
up €4,804 (+8,063%), from €60 to €4,863
- Other operating charges +€1,137
up €1,137 (+1,196%), from €95 to €1,232
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 | €39,868 | €423,279 | +€383,411 | +962% |
| Fixed assets | 21/28 | €2,809 | €383,781 | +€380,972 | +13,562% |
| Tangible fixed assets | 22/27 | €2,754 | €8,726 | +€5,972 | +217% |
| Plant, machinery and equipment | 23 | €962 | €2,249 | +€1,287 | +134% |
| Furniture and vehicles | 24 | €1,792 | €6,477 | +€4,685 | +261% |
| Financial fixed assets | 28 | €55 | €375,055 | +€375,000 | +681,818% |
| Current assets | 29/58 | €37,059 | €39,498 | +€2,439 | +6.6% |
| Amounts receivable within one year | 40/41 | €19,517 | €14,571 | -€4,946 | -25.3% |
| Trade receivables | 40 | €13,962 | €14,550 | +€588 | +4.2% |
| Other amounts receivable | 41 | €5,555 | €21 | -€5,534 | -99.6% |
| Cash at bank and in hand | 54/58 | €13,755 | €21,202 | +€7,447 | +54.1% |
| Deferred charges and accrued income | 490/1 | €3,787 | €3,725 | -€62 | -1.6% |
| Total equity and liabilities | 10/49 | €39,868 | €423,279 | +€383,411 | +962% |
| Equity | 10/15 | €30,614 | €5,000 | -€25,614 | -83.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,614 | €0 | -€25,614 | -100% |
| Amounts payable | 17/49 | €9,254 | €418,279 | +€409,025 | +4,420% |
| Amounts payable after more than one year | 17 | - | €206,338 | +€206,338 | |
| Financial debts | 170/4 | - | €206,338 | +€206,338 | |
| Amounts payable within one year | 42/48 | €9,254 | €211,033 | +€201,778 | +2,180% |
| Current portion of amounts payable after more than one year | 42 | - | €32,915 | +€32,915 | |
| Financial debts | 43 | €238 | €575 | +€337 | +142% |
| Credit institutions | 430/8 | €238 | €575 | +€337 | +142% |
| Trade debts | 44 | €1,329 | €509 | -€820 | -61.7% |
| Suppliers | 440/4 | €1,329 | €509 | -€820 | -61.7% |
| Taxes, remuneration and social security | 45 | €5,738 | €21,390 | +€15,652 | +273% |
| Taxes | 450/3 | €5,738 | €21,390 | +€15,652 | +273% |
| Other amounts payable | 47/48 | €1,950 | €155,644 | +€153,694 | +7,883% |
| Accrued charges and deferred income | 492/3 | €0 | €908 | +€908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,823 | €1,843 | +€20 | +1.1% |
| Other operating charges | 640/8 | €95 | €1,232 | +€1,137 | +1,196% |
| Non-recurring operating charges | 66A | €196 | €85 | -€111 | -56.5% |
| Gross operating margin | 9900 | €48,463 | €87,827 | +€39,364 | +81.2% |
| Operating profit (loss) | 9901 | €46,348 | €84,666 | +€38,318 | +82.7% |
| Financial income | 75/76B | €545 | €1 | -€545 | -99.9% |
| Recurring financial income | 75 | €545 | €1 | -€545 | -99.9% |
| Financial charges | 65/66B | €60 | €4,863 | +€4,804 | +8,063% |
| Recurring financial charges | 65 | €60 | €4,863 | +€4,804 | +8,063% |
| Profit (loss) for the period before taxes | 9903 | €46,834 | €79,803 | +€32,969 | +70.4% |
| Income taxes | 67/77 | €9,398 | €20,336 | +€10,938 | +116% |
| Profit (loss) for the period | 9904 | €37,436 | €59,467 | +€22,031 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,436 | €59,467 | +€22,031 | +58.9% |
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 13 October 2026 via checked.be.