AVA Lederwaren: 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.
AVA Lederwaren
Largest movements
- Tangible fixed assets -€69,883
down €69,883 (-17.7%), from €394,584 to €324,701
of which Leasing and similar rights: -€37,107
- Cash +€39,527
up €39,527 (+6.2%), from €638,404 to €677,931
mainly Depreciation (+€71,967) and Net result for the year (+€21,151)
- Receivables within one year -€14,159
down €14,159 (-23.7%), from €59,817 to €45,658
- Debts after one year -€23,314
down €23,314 (-12.0%), from €194,437 to €171,123
- Tax, wage and social debts -€18,387
down €18,387 (-56.1%), from €32,798 to €14,411
- Gross operating margin -€30,436
down €30,436 (-16.0%), from €189,939 to €159,503
- Taxes -€14,157
down €14,157 (-59.1%), from €23,967 to €9,810
- Write-downs +€8,032
no longer reported in 2025 (was -€8,032)
- Depreciation +€5,891
up €5,891 (+8.9%), from €66,076 to €71,967
- Staff costs +€5,528
up €5,528 (+12.3%), from €44,790 to €50,318
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 | €1,371,131 | €1,335,333 | -€35,798 | -2.6% |
| Fixed assets | 21/28 | €399,387 | €329,504 | -€69,883 | -17.5% |
| Tangible fixed assets | 22/27 | €394,584 | €324,701 | -€69,883 | -17.7% |
| Plant, machinery and equipment | 23 | €2,026 | €2,687 | +€661 | +32.6% |
| Furniture and vehicles | 24 | €69,747 | €47,855 | -€21,892 | -31.4% |
| Leasing and similar rights | 25 | €310,631 | €273,524 | -€37,107 | -11.9% |
| Other tangible fixed assets | 26 | €12,180 | €635 | -€11,545 | -94.8% |
| Financial fixed assets | 28 | €4,803 | €4,803 | = | 0.0% |
| Current assets | 29/58 | €971,744 | €1,005,829 | +€34,085 | +3.5% |
| Stocks and contracts in progress | 3 | €73,425 | €82,240 | +€8,815 | +12.0% |
| Stocks | 30/36 | €73,425 | €82,240 | +€8,815 | +12.0% |
| Amounts receivable within one year | 40/41 | €59,817 | €45,658 | -€14,159 | -23.7% |
| Trade receivables | 40 | €59,817 | €45,658 | -€14,159 | -23.7% |
| Current investments | 50/53 | €200,098 | €200,000 | -€98 | 0.0% |
| Cash at bank and in hand | 54/58 | €638,404 | €677,931 | +€39,527 | +6.2% |
| Total equity and liabilities | 10/49 | €1,371,131 | €1,335,333 | -€35,798 | -2.6% |
| Equity | 10/15 | €1,053,388 | €1,048,825 | -€4,563 | -0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,033,388 | €1,028,825 | -€4,563 | -0.4% |
| Tax-exempt reserves | 132 | €28,743 | €28,743 | = | 0.0% |
| Distributable reserves | 133 | €1,004,645 | €1,000,082 | -€4,563 | -0.5% |
| Amounts payable | 17/49 | €317,743 | €286,508 | -€31,235 | -9.8% |
| Amounts payable after more than one year | 17 | €194,437 | €171,123 | -€23,314 | -12.0% |
| Financial debts | 170/4 | €194,437 | €171,123 | -€23,314 | -12.0% |
| Amounts payable within one year | 42/48 | €123,306 | €115,385 | -€7,921 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €22,969 | €23,314 | +€345 | +1.5% |
| Trade debts | 44 | €67,539 | €77,660 | +€10,121 | +15.0% |
| Suppliers | 440/4 | €67,539 | €77,660 | +€10,121 | +15.0% |
| Taxes, remuneration and social security | 45 | €32,798 | €14,411 | -€18,387 | -56.1% |
| Taxes | 450/3 | €32,798 | €14,411 | -€18,387 | -56.1% |
| Non-recurring operating income | 76A | €686 | - | -€686 | |
| Remuneration, social security and pensions | 62 | €44,790 | €50,318 | +€5,528 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,076 | €71,967 | +€5,891 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,032 | - | +€8,032 | |
| Other operating charges | 640/8 | €7,689 | €7,405 | -€284 | -3.7% |
| Non-recurring operating charges | 66A | €209 | €291 | +€82 | +39.2% |
| Gross operating margin | 9900 | €189,939 | €159,503 | -€30,436 | -16.0% |
| Operating profit (loss) | 9901 | €79,207 | €29,522 | -€49,685 | -62.7% |
| Financial income | 75/76B | €3,816 | €5,313 | +€1,497 | +39.2% |
| Recurring financial income | 75 | €3,816 | €5,313 | +€1,497 | +39.2% |
| Financial charges | 65/66B | €3,898 | €3,874 | -€24 | -0.6% |
| Recurring financial charges | 65 | €3,898 | €3,874 | -€24 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €79,125 | €30,961 | -€48,164 | -60.9% |
| Income taxes | 67/77 | €23,967 | €9,810 | -€14,157 | -59.1% |
| Profit (loss) for the period | 9904 | €55,158 | €21,151 | -€34,007 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,158 | €21,151 | -€34,007 | -61.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.