What changed?
Two fiscal 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.
ADVOTEAM - IMMO
Largest movements
- Tangible fixed assets -€30,689
down €30,689 (-13.5%), from €227,358 to €196,670
- Cash +€8,899
up €8,899 (+92.9%), from €9,579 to €18,478
mainly Depreciation (+€35,718) and Net result for the year (+€20,847)
- Current portion of long-term debt -€27,913
down €27,913 (-63.8%), from €43,774 to €15,861
- Reserves +€20,847
up €20,847 (+19.7%), from €105,990 to €126,838
- Debts after one year -€15,861
no longer reported in 2025 (was €15,861)
- Gross operating margin -€2,530
down €2,530 (-3.3%), from €75,797 to €73,267
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 | €236,937 | €215,419 | -€21,519 | -9.1% |
| Fixed assets | 21/28 | €227,358 | €196,670 | -€30,689 | -13.5% |
| Tangible fixed assets | 22/27 | €227,358 | €196,670 | -€30,689 | -13.5% |
| Land and buildings | 22 | €227,358 | €196,670 | -€30,689 | -13.5% |
| Current assets | 29/58 | €9,579 | €18,749 | +€9,170 | +95.7% |
| Amounts receivable within one year | 40/41 | - | €271 | +€271 | |
| Other amounts receivable | 41 | - | €271 | +€271 | |
| Cash at bank and in hand | 54/58 | €9,579 | €18,478 | +€8,899 | +92.9% |
| Total equity and liabilities | 10/49 | €236,937 | €215,419 | -€21,519 | -9.1% |
| Equity | 10/15 | €112,190 | €133,038 | +€20,847 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,990 | €126,838 | +€20,847 | +19.7% |
| Distributable reserves | 133 | €105,990 | €126,838 | +€20,847 | +19.7% |
| Amounts payable | 17/49 | €124,747 | €82,381 | -€42,366 | -34.0% |
| Amounts payable after more than one year | 17 | €15,861 | - | -€15,861 | |
| Financial debts | 170/4 | €15,861 | - | -€15,861 | |
| Amounts payable within one year | 42/48 | €108,499 | €82,381 | -€26,118 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €43,774 | €15,861 | -€27,913 | -63.8% |
| Trade debts | 44 | €4,913 | €5,499 | +€586 | +11.9% |
| Suppliers | 440/4 | €4,913 | €5,499 | +€586 | +11.9% |
| Taxes, remuneration and social security | 45 | €291 | - | -€291 | |
| Taxes | 450/3 | €291 | - | -€291 | |
| Other amounts payable | 47/48 | €59,521 | €61,021 | +€1,500 | +2.5% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,834 | €35,718 | -€116 | -0.3% |
| Other operating charges | 640/8 | €5,438 | €5,187 | -€252 | -4.6% |
| Gross operating margin | 9900 | €75,797 | €73,267 | -€2,530 | -3.3% |
| Operating profit (loss) | 9901 | €34,525 | €32,362 | -€2,163 | -6.3% |
| Financial charges | 65/66B | €2,196 | €1,786 | -€409 | -18.6% |
| Recurring financial charges | 65 | €2,196 | €1,786 | -€409 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €32,329 | €30,576 | -€1,753 | -5.4% |
| Income taxes | 67/77 | €10,291 | €9,729 | -€562 | -5.5% |
| Profit (loss) for the period | 9904 | €22,038 | €20,847 | -€1,191 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,038 | €20,847 | -€1,191 | -5.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.