AVACA: 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.
AVACA
Largest movements
- Current investments +€63,795
up €63,795 (+91.1%), from €70,000 to €133,795
- Cash -€18,366
no longer reported in 2025 (was €18,366)
mainly Current investments (-€63,795) and Investment in fixed assets (net) (-€13,210)
- Financial fixed assets +€5,250
up €5,250 (+10.9%), from €48,223 to €53,473
- Tangible fixed assets +€2,639
up €2,639 (+17.2%), from €15,372 to €18,012
- Reserves +€64,339
up €64,339 (+50.4%), from €127,670 to €192,009
- Other debts -€10,592
down €10,592 (-22.6%), from €46,851 to €36,259
- Gross operating margin +€3,542
up €3,542 (+3.9%), from €90,276 to €93,818
- Depreciation +€2,434
up €2,434 (+84.3%), from €2,887 to €5,321
- Taxes +€971
up €971 (+4.1%), from €23,961 to €24,932
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 | €188,560 | €242,500 | +€53,940 | +28.6% |
| Fixed assets | 21/28 | €63,595 | €71,484 | +€7,889 | +12.4% |
| Tangible fixed assets | 22/27 | €15,372 | €18,012 | +€2,639 | +17.2% |
| Furniture and vehicles | 24 | €15,372 | €18,012 | +€2,639 | +17.2% |
| Financial fixed assets | 28 | €48,223 | €53,473 | +€5,250 | +10.9% |
| Current assets | 29/58 | €124,966 | €171,016 | +€46,051 | +36.9% |
| Amounts receivable within one year | 40/41 | €35,783 | €37,221 | +€1,438 | +4.0% |
| Trade receivables | 40 | €28,744 | €31,565 | +€2,821 | +9.8% |
| Other amounts receivable | 41 | €7,039 | €5,656 | -€1,383 | -19.6% |
| Current investments | 50/53 | €70,000 | €133,795 | +€63,795 | +91.1% |
| Cash at bank and in hand | 54/58 | €18,366 | - | -€18,366 | |
| Deferred charges and accrued income | 490/1 | €817 | - | -€817 | |
| Total equity and liabilities | 10/49 | €188,560 | €242,500 | +€53,940 | +28.6% |
| Equity | 10/15 | €133,870 | €198,209 | +€64,339 | +48.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,670 | €192,009 | +€64,339 | +50.4% |
| Distributable reserves | 133 | €127,670 | €192,009 | +€64,339 | +50.4% |
| Amounts payable | 17/49 | €54,691 | €44,291 | -€10,400 | -19.0% |
| Amounts payable within one year | 42/48 | €54,691 | €44,291 | -€10,400 | -19.0% |
| Trade debts | 44 | €2,162 | €3,744 | +€1,582 | +73.2% |
| Suppliers | 440/4 | €2,162 | €3,744 | +€1,582 | +73.2% |
| Taxes, remuneration and social security | 45 | €5,678 | €4,288 | -€1,390 | -24.5% |
| Taxes | 450/3 | €5,678 | €2,948 | -€2,730 | -48.1% |
| Remuneration and social security | 454/9 | - | €1,340 | +€1,340 | |
| Other amounts payable | 47/48 | €46,851 | €36,259 | -€10,592 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,887 | €5,321 | +€2,434 | +84.3% |
| Other operating charges | 640/8 | €771 | €315 | -€456 | -59.2% |
| Gross operating margin | 9900 | €90,276 | €93,818 | +€3,542 | +3.9% |
| Operating profit (loss) | 9901 | €86,618 | €88,182 | +€1,564 | +1.8% |
| Financial income | 75/76B | €817 | €1,143 | +€327 | +40.0% |
| Recurring financial income | 75 | €817 | €1,143 | +€327 | +40.0% |
| Financial charges | 65/66B | €79 | €54 | -€25 | -31.6% |
| Recurring financial charges | 65 | €79 | €54 | -€25 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €87,356 | €89,272 | +€1,916 | +2.2% |
| Income taxes | 67/77 | €23,961 | €24,932 | +€971 | +4.1% |
| Profit (loss) for the period | 9904 | €63,394 | €64,339 | +€945 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,394 | €64,339 | +€945 | +1.5% |
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 18 October 2026 via checked.be.