AUVAGO: 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.
AUVAGO
Largest movements
- Stocks and contracts -€42,604
down €42,604 (-19.0%), from €224,368 to €181,764
- Receivables within one year -€10,800
down €10,800 (-84.4%), from €12,800 to €2,000
- Tangible fixed assets -€4,884
down €4,884 (-35.8%), from €13,637 to €8,753
- Cash -€2,760
down €2,760 (-30.1%), from €9,165 to €6,405
mainly Net result for the year (-€68,578) and Debts after one year (-€25,000)
- Profit (loss) carried forward -€68,578
down €68,578 (-56.2%), from -€122,092 to -€190,670
- Other debts +€32,636
up €32,636 (+12.8%), from €254,787 to €287,423
- Debts after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
of which Other amounts payable: -€25,000
- Gross operating margin +€9,048
up €9,048 (+13.3%), from -€68,056 to -€59,008
- Financial charges -€1,734
down €1,734 (-29.7%), from €5,843 to €4,109
- Depreciation -€1,372
down €1,372 (-21.9%), from €6,256 to €4,884
- Other operating charges -€693
down €693 (-54.6%), from €1,271 to €578
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 | €266,272 | €202,672 | -€63,600 | -23.9% |
| Fixed assets | 21/28 | €17,387 | €12,503 | -€4,884 | -28.1% |
| Tangible fixed assets | 22/27 | €13,637 | €8,753 | -€4,884 | -35.8% |
| Furniture and vehicles | 24 | €13,637 | €8,753 | -€4,884 | -35.8% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €248,885 | €190,169 | -€58,716 | -23.6% |
| Stocks and contracts in progress | 3 | €224,368 | €181,764 | -€42,604 | -19.0% |
| Stocks | 30/36 | €224,368 | €181,764 | -€42,604 | -19.0% |
| Amounts receivable within one year | 40/41 | €12,800 | €2,000 | -€10,800 | -84.4% |
| Trade receivables | 40 | €12,800 | €2,000 | -€10,800 | -84.4% |
| Cash at bank and in hand | 54/58 | €9,165 | €6,405 | -€2,760 | -30.1% |
| Deferred charges and accrued income | 490/1 | €2,551 | €0 | -€2,551 | -100% |
| Total equity and liabilities | 10/49 | €266,272 | €202,672 | -€63,600 | -23.9% |
| Equity | 10/15 | -€102,855 | -€171,433 | -€68,578 | -66.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €637 | €637 | = | 0.0% |
| Distributable reserves | 133 | €637 | €637 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,092 | -€190,670 | -€68,578 | -56.2% |
| Amounts payable | 17/49 | €369,127 | €374,105 | +€4,979 | +1.3% |
| Amounts payable after more than one year | 17 | €25,000 | €0 | -€25,000 | -100% |
| Financial debts | 170/4 | - | €0 | = | |
| Other amounts payable | 178/9 | €25,000 | - | -€25,000 | |
| Amounts payable within one year | 42/48 | €344,127 | €374,105 | +€29,979 | +8.7% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €2,458 | €1,546 | -€912 | -37.1% |
| Suppliers | 440/4 | €2,458 | €1,546 | -€912 | -37.1% |
| Taxes, remuneration and social security | 45 | €11,882 | €10,137 | -€1,745 | -14.7% |
| Taxes | 450/3 | €10,332 | €10,137 | -€195 | -1.9% |
| Remuneration and social security | 454/9 | €1,550 | €0 | -€1,550 | -100% |
| Other amounts payable | 47/48 | €254,787 | €287,423 | +€32,636 | +12.8% |
| Non-recurring operating income | 76A | - | €506 | +€506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,256 | €4,884 | -€1,372 | -21.9% |
| Other operating charges | 640/8 | €1,271 | €578 | -€693 | -54.6% |
| Gross operating margin | 9900 | -€68,056 | -€59,008 | +€9,048 | +13.3% |
| Operating profit (loss) | 9901 | -€75,582 | -€64,470 | +€11,113 | +14.7% |
| Financial income | 75/76B | €527 | €0 | -€527 | -100.0% |
| Recurring financial income | 75 | €527 | €0 | -€527 | -100.0% |
| Financial charges | 65/66B | €5,843 | €4,109 | -€1,734 | -29.7% |
| Recurring financial charges | 65 | €5,843 | €4,109 | -€1,734 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€80,899 | -€68,578 | +€12,320 | +15.2% |
| Profit (loss) for the period | 9904 | -€80,899 | -€68,578 | +€12,320 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,899 | -€68,578 | +€12,320 | +15.2% |
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 21 October 2026 via checked.be.