AdVisio: 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.
AdVisio
Largest movements
- Financial fixed assets -€124,987
down €124,987 (-100.0%), from €125,012 to €25
- Receivables within one year +€40,987
up €40,987 (+261%), from €15,696 to €56,684
of which Trade receivables: +€41,695
- Tangible fixed assets -€11,557
down €11,557 (-5.3%), from €218,532 to €206,975
of which Other tangible fixed assets: -€8,799
- Cash +€4,726
up €4,726 (+26.3%), from €17,976 to €22,702
mainly Investment in fixed assets (net) (+€124,987) and Tax, wage and social debts (+€35,158)
- Provisions -€122,916
down €122,916 (-100%), from €122,916 to €0
- Tax, wage and social debts +€35,158
up €35,158 (+1,280%), from €2,747 to €37,905
of which Taxes: +€35,158
- Debts after one year -€25,977
down €25,977 (-49.0%), from €53,012 to €27,035
- Trade debts +€24,716
up €24,716 (+254%), from €9,737 to €34,453
- Financial charges +€123,854
up €123,854 (+2,659%), from €4,658 to €128,512
of which Non-recurring financial charges: +€124,987
- Gross operating margin +€114,565
up €114,565 (+138%), from €83,058 to €197,623
- Taxes +€29,927
up €29,927 (+149%), from €20,093 to €50,020
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 | €377,459 | €286,850 | -€90,610 | -24.0% |
| Fixed assets | 21/28 | €343,544 | €207,000 | -€136,545 | -39.7% |
| Tangible fixed assets | 22/27 | €218,532 | €206,975 | -€11,557 | -5.3% |
| Land and buildings | 22 | €77,432 | €75,252 | -€2,180 | -2.8% |
| Furniture and vehicles | 24 | €1,120 | €542 | -€578 | -51.6% |
| Other tangible fixed assets | 26 | €139,980 | €131,181 | -€8,799 | -6.3% |
| Financial fixed assets | 28 | €125,012 | €25 | -€124,987 | -100.0% |
| Current assets | 29/58 | €33,915 | €79,850 | +€45,935 | +135% |
| Amounts receivable within one year | 40/41 | €15,696 | €56,684 | +€40,987 | +261% |
| Trade receivables | 40 | €14,988 | €56,684 | +€41,695 | +278% |
| Other amounts receivable | 41 | €708 | €0 | -€708 | -100% |
| Cash at bank and in hand | 54/58 | €17,976 | €22,702 | +€4,726 | +26.3% |
| Deferred charges and accrued income | 490/1 | €243 | €464 | +€222 | +91.4% |
| Total equity and liabilities | 10/49 | €377,459 | €286,850 | -€90,610 | -24.0% |
| Equity | 10/15 | €144,979 | €146,346 | +€1,367 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €138,779 | €140,146 | +€1,367 | +1.0% |
| Distributable reserves | 133 | €138,779 | €140,146 | +€1,367 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €122,916 | €0 | -€122,916 | -100% |
| Provisions for liabilities and charges | 160/5 | €122,916 | €0 | -€122,916 | -100% |
| Pensions and similar obligations | 160 | €122,916 | €0 | -€122,916 | -100% |
| Amounts payable | 17/49 | €109,564 | €140,503 | +€30,939 | +28.2% |
| Amounts payable after more than one year | 17 | €53,012 | €27,035 | -€25,977 | -49.0% |
| Financial debts | 170/4 | €53,012 | €27,035 | -€25,977 | -49.0% |
| Amounts payable within one year | 42/48 | €54,112 | €113,284 | +€59,172 | +109% |
| Current portion of amounts payable after more than one year | 42 | €27,071 | €28,095 | +€1,025 | +3.8% |
| Financial debts | 43 | - | €182 | +€182 | |
| Credit institutions | 430/8 | - | €182 | +€182 | |
| Trade debts | 44 | €9,737 | €34,453 | +€24,716 | +254% |
| Suppliers | 440/4 | €9,737 | €34,453 | +€24,716 | +254% |
| Taxes, remuneration and social security | 45 | €2,747 | €37,905 | +€35,158 | +1,280% |
| Taxes | 450/3 | €2,747 | €37,905 | +€35,158 | +1,280% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €14,557 | €12,649 | -€1,908 | -13.1% |
| Accrued charges and deferred income | 492/3 | €2,440 | €184 | -€2,256 | -92.5% |
| Non-recurring operating income | 76A | €0 | €122,991 | +€122,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,741 | €11,557 | -€183 | -1.6% |
| Other operating charges | 640/8 | €7,498 | €6,267 | -€1,232 | -16.4% |
| Gross operating margin | 9900 | €83,058 | €197,623 | +€114,565 | +138% |
| Operating profit (loss) | 9901 | €63,819 | €179,799 | +€115,980 | +182% |
| Financial income | 75/76B | €0 | €100 | +€100 | |
| Recurring financial income | 75 | €0 | €100 | +€100 | |
| Financial charges | 65/66B | €4,658 | €128,512 | +€123,854 | +2,659% |
| Recurring financial charges | 65 | €4,658 | €3,525 | -€1,133 | -24.3% |
| Non-recurring financial charges | 66B | - | €124,987 | +€124,987 | |
| Profit (loss) for the period before taxes | 9903 | €59,161 | €51,387 | -€7,774 | -13.1% |
| Income taxes | 67/77 | €20,093 | €50,020 | +€29,927 | +149% |
| Profit (loss) for the period | 9904 | €39,068 | €1,367 | -€37,701 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,068 | €1,367 | -€37,701 | -96.5% |
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 20 October 2026 via checked.be.