AVA - PAPIERWAREN: what changed
What changed
AVA - PAPIERWAREN
NACE 46.492, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · -€730,255-€1.1m
Equity
€37.8m
2024 · €39.6m-€1.9m
Cash
€7.6m
2024 · €6.7m+€896,464
Balance sheet total
€48.9m
2024 · €51.7m-€2.8m
Largest movements
Assets
- Current investments -€4.0m
down €4.0m (-26.7%), from €15.0m to €11.0m
- Tangible fixed assets -€910,145
down €910,145 (-20.3%), from €4.5m to €3.6m
of which Plant, machinery and equipment: -€457,039
- Cash +€896,464
up €896,464 (+13.3%), from €6.7m to €7.6m
mainly Current investments (+€4.0m) and Depreciation (+€1.3m)
- Stocks and contracts +€887,510
up €887,510 (+4.0%), from €21.9m to €22.8m
Equity and liabilities
- Profit (loss) carried forward -€1.8m
down €1.8m (-5.4%), from €34.1m to €32.2m
- Trade debts -€874,238
down €874,238 (-12.0%), from €7.3m to €6.4m
Income statement
- Turnover -€4.6m
down €4.6m (-4.4%), from €104.0m to €99.4m
- Goods and materials -€3.7m
down €3.7m (-6.7%), from €55.6m to €51.9m
of which Purchases: -€2.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€730,255
Turnover
-€4.6m
Other operating income
-€175,664
Goods and materials
+€3.7m
Services and other goods
-€559,015
Staff costs
+€280,287
Depreciation
+€159,313
Write-downs
+€575,110
Provisions
-€4,828
Other operating charges
+€52,333
Other operating items
-€18,943
Financial income
-€330,846
Financial charges
-€237,811
Taxes
-€7,038
Result 2025
-€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.7m
Investment
+€3.6m
Financing
€0
Cash 2024
€6.7m
From operations (derived)
-€2.7m
Net result for the year
-€1.9m
Depreciation
+€1.3m
Stocks and contracts
-€887,510
Receivables within one year
-€276,532
Deferred charges and accrued income
-€21,098
Provisions
-€8,411
Trade debts
-€874,238
Tax, wage and social debts
-€68,532
Other debts
-€16,900
Accrued charges and deferred income
+€15,363
Investment (derived)
+€3.6m
Investment in fixed assets (net)
-€407,954
Current investments
+€4.0m
Cash 2025
€7.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,729,027 | €48,909,969 | -€2.8m | -5.4% |
| Fixed assets | 21/28 | €4,488,477 | €3,587,815 | -€900,662 | -20.1% |
| Tangible fixed assets | 22/27 | €4,485,055 | €3,574,910 | -€910,145 | -20.3% |
| Land and buildings | 22 | €838,233 | €725,566 | -€112,667 | -13.4% |
| Plant, machinery and equipment | 23 | €2,379,415 | €1,922,377 | -€457,039 | -19.2% |
| Furniture and vehicles | 24 | €87,661 | €66,021 | -€21,640 | -24.7% |
| Other tangible fixed assets | 26 | €1,179,745 | €860,947 | -€318,799 | -27.0% |
| Financial fixed assets | 28 | €3,422 | €12,905 | +€9,483 | +277% |
| Other financial fixed assets | 284/8 | €3,422 | €12,905 | +€9,483 | +277% |
| Amounts receivable and cash guarantees | 285/8 | €3,422 | €12,905 | +€9,483 | +277% |
| Current assets | 29/58 | €47,240,550 | €45,322,153 | -€1.9m | -4.1% |
| Stocks and contracts in progress | 3 | €21,932,672 | €22,820,182 | +€887,510 | +4.0% |
| Stocks | 30/36 | €21,932,672 | €22,820,182 | +€887,510 | +4.0% |
| Raw materials and consumables | 30/31 | €1,329,243 | €1,345,579 | +€16,336 | +1.2% |
| Goods purchased for resale | 34 | €20,603,429 | €21,474,603 | +€871,174 | +4.2% |
| Amounts receivable within one year | 40/41 | €2,893,193 | €3,169,725 | +€276,532 | +9.6% |
| Trade receivables | 40 | €2,656,526 | €2,861,627 | +€205,101 | +7.7% |
| Other amounts receivable | 41 | €236,667 | €308,098 | +€71,431 | +30.2% |
| Current investments | 50/53 | €15,000,000 | €11,000,000 | -€4.0m | -26.7% |
| Other investments | 51/53 | €15,000,000 | €11,000,000 | -€4.0m | -26.7% |
| Cash at bank and in hand | 54/58 | €6,728,670 | €7,625,134 | +€896,464 | +13.3% |
| Deferred charges and accrued income | 490/1 | €686,014 | €707,112 | +€21,098 | +3.1% |
| Total equity and liabilities | 10/49 | €51,729,027 | €48,909,969 | -€2.8m | -5.4% |
| Equity | 10/15 | €39,635,057 | €37,768,717 | -€1.9m | -4.7% |
| Contributions | 10/11 | €1,054,000 | €1,054,000 | = | 0.0% |
| Capital | 10 | €1,054,000 | €1,054,000 | = | 0.0% |
| Issued capital | 100 | €1,054,000 | €1,054,000 | = | 0.0% |
| Reserves | 13 | €4,530,508 | €4,490,789 | -€39,719 | -0.9% |
| Non-distributable reserves | 130/1 | €105,400 | €105,400 | = | 0.0% |
| Legal reserve | 130 | €105,400 | €105,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,384 | €23,665 | -€39,719 | -62.7% |
| Distributable reserves | 133 | €4,361,724 | €4,361,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,050,549 | €32,223,928 | -€1.8m | -5.4% |
| Provisions and deferred taxes | 16 | €25,393 | €16,982 | -€8,411 | -33.1% |
| Provisions for liabilities and charges | 160/5 | €4,265 | €9,094 | +€4,828 | +113% |
| Other liabilities and charges | 164/5 | €4,265 | €9,094 | +€4,828 | +113% |
| Deferred taxes | 168 | €21,128 | €7,888 | -€13,240 | -62.7% |
| Amounts payable | 17/49 | €12,068,577 | €11,124,270 | -€944,307 | -7.8% |
| Amounts payable within one year | 42/48 | €11,944,519 | €10,984,849 | -€959,670 | -8.0% |
| Trade debts | 44 | €7,290,498 | €6,416,260 | -€874,238 | -12.0% |
| Suppliers | 440/4 | €7,290,498 | €6,416,260 | -€874,238 | -12.0% |
| Taxes, remuneration and social security | 45 | €4,518,260 | €4,449,728 | -€68,532 | -1.5% |
| Taxes | 450/3 | €1,755,527 | €1,949,779 | +€194,253 | +11.1% |
| Remuneration and social security | 454/9 | €2,762,733 | €2,499,949 | -€262,784 | -9.5% |
| Other amounts payable | 47/48 | €135,761 | €118,861 | -€16,900 | -12.4% |
| Accrued charges and deferred income | 492/3 | €124,058 | €139,421 | +€15,363 | +12.4% |
| Operating income | 70/76A | €106,884,257 | €102,118,928 | -€4.8m | -4.5% |
| Turnover | 70 | €103,976,181 | €99,405,954 | -€4.6m | -4.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €20,575 | -€65,399 | -€85,974 | |
| Other operating income | 74 | €2,835,408 | €2,659,744 | -€175,664 | -6.2% |
| Non-recurring operating income | 76A | €52,093 | €118,628 | +€66,535 | +128% |
| Operating charges | 60/66A | €108,258,660 | €104,053,720 | -€4.2m | -3.9% |
| Goods for resale, raw materials and consumables | 60 | €55,582,101 | €51,880,857 | -€3.7m | -6.7% |
| Purchases | 600/8 | €55,273,019 | €52,654,886 | -€2.6m | -4.7% |
| Change in stocks: decrease (increase) | 609 | €309,082 | -€774,029 | -€1.1m | |
| Services and other goods | 61 | €26,959,939 | €27,518,954 | +€559,015 | +2.1% |
| Remuneration, social security and pensions | 62 | €22,505,593 | €22,225,306 | -€280,287 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467,928 | €1,308,616 | -€159,313 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €393,853 | -€181,258 | -€575,110 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,828 | +€4,828 | |
| Other operating charges | 640/8 | €1,348,319 | €1,295,987 | -€52,333 | -3.9% |
| Non-recurring operating charges | 66A | €927 | €430 | -€496 | -53.6% |
| Operating profit (loss) | 9901 | -€1,374,403 | -€1,934,792 | -€560,390 | -40.8% |
| Financial income | 75/76B | €1,126,446 | €795,600 | -€330,846 | -29.4% |
| Recurring financial income | 75 | €1,126,446 | €795,600 | -€330,846 | -29.4% |
| Income from current assets | 751 | €535,177 | €323,686 | -€211,491 | -39.5% |
| Other financial income | 752/9 | €591,269 | €471,914 | -€119,355 | -20.2% |
| Financial charges | 65/66B | €480,692 | €718,503 | +€237,811 | +49.5% |
| Recurring financial charges | 65 | €480,692 | €718,503 | +€237,811 | +49.5% |
| Debt charges | 650 | €114,920 | €104,031 | -€10,890 | -9.5% |
| Other financial charges | 652/9 | €365,772 | €614,472 | +€248,701 | +68.0% |
| Profit (loss) for the period before taxes | 9903 | -€728,649 | -€1,857,696 | -€1.1m | -155% |
| Transfer from deferred taxes | 780 | €13,240 | €13,240 | = | 0.0% |
| Income taxes | 67/77 | €14,846 | €21,884 | +€7,038 | +47.4% |
| Taxes | 670/3 | €25,000 | €33,969 | +€8,969 | +35.9% |
| Tax adjustments and reversals of tax provisions | 77 | €10,154 | €12,085 | +€1,931 | +19.0% |
| Profit (loss) for the period | 9904 | -€730,255 | -€1,866,340 | -€1.1m | -156% |
| Transfer from tax-exempt reserves | 789 | €39,719 | €39,719 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€690,536 | -€1,826,621 | -€1.1m | -165% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.