13th avenue: 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.
13th avenue
Largest movements
- Stocks and contracts +€75,155
up €75,155 (+32.0%), from €234,970 to €310,125
- Tangible fixed assets -€10,970
down €10,970 (-3.0%), from €367,197 to €356,227
of which Land and buildings: -€8,563
- Trade debts +€33,782
up €33,782 (+322%), from €10,498 to €44,280
- Debts after one year -€22,316
down €22,316 (-6.0%), from €369,876 to €347,560
- Current portion of long-term debt +€18,647
up €18,647 (+783%), from €2,382 to €21,029
- Reserves +€17,255
up €17,255 (+20.3%), from €85,086 to €102,341
- Other debts +€6,950
up €6,950 (+14.0%), from €49,727 to €56,677
- Gross operating margin +€21,752
up €21,752 (+19.4%), from €112,278 to €134,030
- Financial charges +€18,310
up €18,310 (+139%), from €13,179 to €31,490
- Staff costs -€14,026
down €14,026 (-19.3%), from €72,514 to €58,487
- Taxes +€4,856
up €4,856 (+211%), from €2,301 to €7,157
- Other operating charges +€1,623
up €1,623 (+25.4%), from €6,395 to €8,017
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 | €621,938 | €680,595 | +€58,658 | +9.4% |
| Fixed assets | 21/28 | €370,385 | €359,416 | -€10,970 | -3.0% |
| Tangible fixed assets | 22/27 | €367,197 | €356,227 | -€10,970 | -3.0% |
| Land and buildings | 22 | €347,251 | €338,688 | -€8,563 | -2.5% |
| Plant, machinery and equipment | 23 | €19,328 | €16,804 | -€2,524 | -13.1% |
| Furniture and vehicles | 24 | €618 | €735 | +€117 | +19.0% |
| Financial fixed assets | 28 | €3,188 | €3,188 | = | 0.0% |
| Current assets | 29/58 | €251,552 | €321,180 | +€69,627 | +27.7% |
| Stocks and contracts in progress | 3 | €234,970 | €310,125 | +€75,155 | +32.0% |
| Stocks | 30/36 | €234,970 | €310,125 | +€75,155 | +32.0% |
| Amounts receivable within one year | 40/41 | €6,900 | €5,776 | -€1,125 | -16.3% |
| Trade receivables | 40 | €6,900 | €5,776 | -€1,125 | -16.3% |
| Cash at bank and in hand | 54/58 | €9,682 | €5,279 | -€4,404 | -45.5% |
| Total equity and liabilities | 10/49 | €621,938 | €680,595 | +€58,658 | +9.4% |
| Equity | 10/15 | €103,686 | €120,941 | +€17,255 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,086 | €102,341 | +€17,255 | +20.3% |
| Distributable reserves | 133 | €85,086 | €102,341 | +€17,255 | +20.3% |
| Amounts payable | 17/49 | €518,251 | €559,654 | +€41,403 | +8.0% |
| Amounts payable after more than one year | 17 | €369,876 | €347,560 | -€22,316 | -6.0% |
| Financial debts | 170/4 | €369,876 | €347,560 | -€22,316 | -6.0% |
| Amounts payable within one year | 42/48 | €148,375 | €212,095 | +€63,719 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €2,382 | €21,029 | +€18,647 | +783% |
| Trade debts | 44 | €10,498 | €44,280 | +€33,782 | +322% |
| Suppliers | 440/4 | €10,498 | €44,280 | +€33,782 | +322% |
| Taxes, remuneration and social security | 45 | €85,768 | €90,108 | +€4,340 | +5.1% |
| Taxes | 450/3 | €42,343 | €61,468 | +€19,125 | +45.2% |
| Remuneration and social security | 454/9 | €43,425 | €28,640 | -€14,785 | -34.0% |
| Other amounts payable | 47/48 | €49,727 | €56,677 | +€6,950 | +14.0% |
| Remuneration, social security and pensions | 62 | €72,514 | €58,487 | -€14,026 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,989 | €12,128 | +€140 | +1.2% |
| Other operating charges | 640/8 | €6,395 | €8,017 | +€1,623 | +25.4% |
| Gross operating margin | 9900 | €112,278 | €134,030 | +€21,752 | +19.4% |
| Operating profit (loss) | 9901 | €21,381 | €55,397 | +€34,016 | +159% |
| Financial income | 75/76B | €92 | €504 | +€412 | +446% |
| Recurring financial income | 75 | €92 | €504 | +€412 | +446% |
| Financial charges | 65/66B | €13,179 | €31,490 | +€18,310 | +139% |
| Recurring financial charges | 65 | €13,179 | €31,490 | +€18,310 | +139% |
| Profit (loss) for the period before taxes | 9903 | €8,294 | €24,411 | +€16,117 | +194% |
| Income taxes | 67/77 | €2,301 | €7,157 | +€4,856 | +211% |
| Profit (loss) for the period | 9904 | €5,993 | €17,255 | +€11,262 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €5,993 | €17,255 | +€11,262 | +188% |
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 20 October 2026 via checked.be.