ADVERB: 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.
ADVERB
Largest movements
- Cash +€24,010
up €24,010 (+135.2%), from €17,761 to €41,771
mainly Net result for the year (+€45,622) and Other debts (+€20,726)
- Tangible fixed assets +€23,943
up €23,943 (+12.8%), from €186,814 to €210,757
of which Furniture and vehicles: +€25,764
- Receivables within one year -€7,556
down €7,556 (-6.6%), from €114,354 to €106,799
of which Trade receivables: -€19,126
- Reserves +€23,806
up €23,806 (+11.2%), from €212,197 to €236,003
of which Distributable reserves: +€23,806
- Other debts +€20,726
new in 2024: €20,726
- Debts after one year -€10,281
down €10,281 (-48.7%), from €21,126 to €10,845
- Current portion of long-term debt +€7,740
up €7,740 (+53.1%), from €14,570 to €22,310
- Gross operating margin +€6,100
up €6,100 (+8.1%), from €75,600 to €81,700
- Other operating charges -€3,154
down €3,154 (-86.2%), from €3,659 to €505
- Financial income +€2,009
up €2,009 (+78.1%), from €2,571 to €4,581
- Taxes +€1,446
up €1,446 (+8.9%), from €16,199 to €17,645
- Depreciation -€1,137
down €1,137 (-6.7%), from €16,972 to €15,834
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,163 | €363,078 | +€43,916 | +13.8% |
| Fixed assets | 21/28 | €186,814 | €210,757 | +€23,943 | +12.8% |
| Tangible fixed assets | 22/27 | €186,814 | €210,757 | +€23,943 | +12.8% |
| Land and buildings | 22 | €160,102 | €156,493 | -€3,609 | -2.3% |
| Plant, machinery and equipment | 23 | €3,831 | €5,619 | +€1,788 | +46.7% |
| Furniture and vehicles | 24 | €22,881 | €48,645 | +€25,764 | +112.6% |
| Current assets | 29/58 | €132,349 | €152,322 | +€19,973 | +15.1% |
| Amounts receivable within one year | 40/41 | €114,354 | €106,799 | -€7,556 | -6.6% |
| Trade receivables | 40 | €21,987 | €2,861 | -€19,126 | -87.0% |
| Other amounts receivable | 41 | €92,367 | €103,937 | +€11,570 | +12.5% |
| Cash at bank and in hand | 54/58 | €17,761 | €41,771 | +€24,010 | +135.2% |
| Deferred charges and accrued income | 490/1 | €234 | €3,753 | +€3,519 | +1505.7% |
| Total equity and liabilities | 10/49 | €319,163 | €363,078 | +€43,916 | +13.8% |
| Equity | 10/15 | €260,248 | €284,054 | +€23,806 | +9.1% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €212,197 | €236,003 | +€23,806 | +11.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €210,337 | €234,143 | +€23,806 | +11.3% |
| Profit (loss) carried forward | 14 | €29,651 | €29,651 | = | 0.0% |
| Amounts payable | 17/49 | €58,914 | €79,024 | +€20,110 | +34.1% |
| Amounts payable after more than one year | 17 | €21,126 | €10,845 | -€10,281 | -48.7% |
| Financial debts | 170/4 | €21,126 | €10,845 | -€10,281 | -48.7% |
| Amounts payable within one year | 42/48 | €35,466 | €65,784 | +€30,318 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €14,570 | €22,310 | +€7,740 | +53.1% |
| Trade debts | 44 | €3,355 | €5,499 | +€2,144 | +63.9% |
| Suppliers | 440/4 | €3,355 | €5,499 | +€2,144 | +63.9% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €17,541 | €15,250 | -€2,292 | -13.1% |
| Taxes | 450/3 | €17,541 | €15,250 | -€2,292 | -13.1% |
| Other amounts payable | 47/48 | - | €20,726 | +€20,726 | |
| Accrued charges and deferred income | 492/3 | €2,322 | €2,395 | +€73 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,972 | €15,834 | -€1,137 | -6.7% |
| Other operating charges | 640/8 | €3,659 | €505 | -€3,154 | -86.2% |
| Non-recurring operating charges | 66A | - | €5,145 | +€5,145 | |
| Gross operating margin | 9900 | €75,600 | €81,700 | +€6,100 | +8.1% |
| Operating profit (loss) | 9901 | €54,970 | €60,215 | +€5,245 | +9.5% |
| Financial income | 75/76B | €2,571 | €4,581 | +€2,009 | +78.1% |
| Recurring financial income | 75 | €2,571 | €4,581 | +€2,009 | +78.1% |
| Financial charges | 65/66B | €1,788 | €1,528 | -€260 | -14.5% |
| Recurring financial charges | 65 | €1,788 | €1,528 | -€260 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €55,753 | €63,267 | +€7,514 | +13.5% |
| Income taxes | 67/77 | €16,199 | €17,645 | +€1,446 | +8.9% |
| Profit (loss) for the period | 9904 | €39,554 | €45,622 | +€6,068 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,554 | €45,622 | +€6,068 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.