AVACO: 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.
AVACO
Largest movements
- Cash +€149,671
up €149,671 (+693.4%), from €21,584 to €171,254
mainly Net result for the year (+€81,789) and Investment in fixed assets (net) (+€51,280)
- Tangible fixed assets -€51,280
no longer reported in 2025 (was €51,280)
- Profit (loss) carried forward +€42,689
up €42,689, from -€42,687 to €2
- Reserves +€39,100
up €39,100 (+622.4%), from €6,283 to €45,383
of which Distributable reserves: +€39,100
- Tax, wage and social debts +€21,180
new in 2025: €21,180
- Other debts -€5,546
down €5,546 (-11.1%), from €49,774 to €44,228
- Gross operating margin +€103,152
up €103,152 (+3455.4%), from €2,985 to €106,138
- Taxes +€21,180
new in 2025: €21,180
- Depreciation -€2,467
no longer reported in 2025 (was €2,467)
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 | €72,863 | €171,458 | +€98,595 | +135.3% |
| Fixed assets | 21/28 | €51,280 | - | -€51,280 | |
| Tangible fixed assets | 22/27 | €51,280 | - | -€51,280 | |
| Land and buildings | 22 | €51,280 | - | -€51,280 | |
| Current assets | 29/58 | €21,584 | €171,458 | +€149,874 | +694.4% |
| Amounts receivable within one year | 40/41 | - | €204 | +€204 | |
| Trade receivables | 40 | - | €204 | +€204 | |
| Cash at bank and in hand | 54/58 | €21,584 | €171,254 | +€149,671 | +693.4% |
| Total equity and liabilities | 10/49 | €72,863 | €171,458 | +€98,595 | +135.3% |
| Equity | 10/15 | €23,090 | €104,879 | +€81,789 | +354.2% |
| Contributions | 10/11 | €59,494 | €59,494 | = | 0.0% |
| Capital | 10 | €59,494 | €59,494 | = | 0.0% |
| Issued capital | 100 | €59,494 | €59,494 | = | 0.0% |
| Reserves | 13 | €6,283 | €45,383 | +€39,100 | +622.4% |
| Non-distributable reserves | 130/1 | €6,283 | €6,283 | = | 0.0% |
| Legal reserve | 130 | €6,283 | €6,283 | = | 0.0% |
| Distributable reserves | 133 | - | €39,100 | +€39,100 | |
| Profit (loss) carried forward | 14 | -€42,687 | €2 | +€42,689 | |
| Amounts payable | 17/49 | €49,774 | €66,580 | +€16,806 | +33.8% |
| Amounts payable within one year | 42/48 | €49,774 | €66,580 | +€16,806 | +33.8% |
| Trade debts | 44 | - | €1,172 | +€1,172 | |
| Suppliers | 440/4 | - | €1,172 | +€1,172 | |
| Taxes, remuneration and social security | 45 | - | €21,180 | +€21,180 | |
| Taxes | 450/3 | - | €21,180 | +€21,180 | |
| Other amounts payable | 47/48 | €49,774 | €44,228 | -€5,546 | -11.1% |
| Non-recurring operating income | 76A | - | €117,220 | +€117,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | - | -€2,467 | |
| Other operating charges | 640/8 | €3,061 | €3,110 | +€48 | +1.6% |
| Gross operating margin | 9900 | €2,985 | €106,138 | +€103,152 | +3455.4% |
| Operating profit (loss) | 9901 | -€2,543 | €103,028 | +€105,571 | |
| Financial charges | 65/66B | €341 | €59 | -€282 | -82.7% |
| Recurring financial charges | 65 | €341 | €59 | -€282 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,884 | €102,969 | +€105,853 | |
| Income taxes | 67/77 | - | €21,180 | +€21,180 | |
| Profit (loss) for the period | 9904 | -€2,884 | €81,789 | +€84,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,884 | €81,789 | +€84,673 |
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 29 September 2026 via checked.be.