AVAGON: 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.
AVAGON
Largest movements
- Tangible fixed assets +€5,365
new in 2025: €5,365
of which Plant, machinery and equipment: +€5,060
- Cash +€4,114
up €4,114 (+151%), from €2,732 to €6,847
mainly Other debts (+€37,000) and Depreciation (+€1,704)
- Stocks and contracts +€2,141
up €2,141 (+72.5%), from €2,955 to €5,096
- Receivables within one year +€1,281
up €1,281 (+325%), from €395 to €1,676
of which Other amounts receivable: +€1,281
- Intangible fixed assets -€606
down €606 (-10.2%), from €5,920 to €5,314
- Other debts +€37,000
up €37,000 (+206%), from €18,000 to €55,000
- Profit (loss) carried forward -€24,950
down €24,950 (-306%), from -€8,163 to -€33,113
- Trade debts +€245
up €245 (+149%), from €165 to €410
- Gross operating margin -€14,665
down €14,665 (-183%), from -€7,999 to -€22,664
- Depreciation +€1,562
up €1,562 (+1,094%), from €143 to €1,704
- Other operating charges +€505
new in 2025: €505
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 | €12,001 | €24,297 | +€12,296 | +102% |
| Fixed assets | 21/28 | €5,920 | €10,679 | +€4,759 | +80.4% |
| Intangible fixed assets | 21 | €5,920 | €5,314 | -€606 | -10.2% |
| Tangible fixed assets | 22/27 | - | €5,365 | +€5,365 | |
| Plant, machinery and equipment | 23 | - | €5,060 | +€5,060 | |
| Furniture and vehicles | 24 | - | €305 | +€305 | |
| Current assets | 29/58 | €6,082 | €13,618 | +€7,537 | +124% |
| Stocks and contracts in progress | 3 | €2,955 | €5,096 | +€2,141 | +72.5% |
| Stocks | 30/36 | €2,955 | €5,096 | +€2,141 | +72.5% |
| Amounts receivable within one year | 40/41 | €395 | €1,676 | +€1,281 | +325% |
| Trade receivables | 40 | €165 | €165 | = | 0.0% |
| Other amounts receivable | 41 | €230 | €1,511 | +€1,281 | +557% |
| Cash at bank and in hand | 54/58 | €2,732 | €6,847 | +€4,114 | +151% |
| Total equity and liabilities | 10/49 | €12,001 | €24,297 | +€12,296 | +102% |
| Equity | 10/15 | -€6,163 | -€31,113 | -€24,950 | -405% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,163 | -€33,113 | -€24,950 | -306% |
| Amounts payable | 17/49 | €18,165 | €55,410 | +€37,245 | +205% |
| Amounts payable within one year | 42/48 | €18,165 | €55,410 | +€37,245 | +205% |
| Trade debts | 44 | €165 | €410 | +€245 | +149% |
| Suppliers | 440/4 | €165 | €410 | +€245 | +149% |
| Other amounts payable | 47/48 | €18,000 | €55,000 | +€37,000 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €1,704 | +€1,562 | +1,094% |
| Other operating charges | 640/8 | - | €505 | +€505 | |
| Gross operating margin | 9900 | -€7,999 | -€22,664 | -€14,665 | -183% |
| Operating profit (loss) | 9901 | -€8,142 | -€24,873 | -€16,732 | -206% |
| Financial income | 75/76B | €0 | €20 | +€20 | +197,800% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +197,800% |
| Financial charges | 65/66B | €22 | €96 | +€74 | +341% |
| Recurring financial charges | 65 | €22 | €96 | +€74 | +341% |
| Profit (loss) for the period before taxes | 9903 | -€8,163 | -€24,950 | -€16,786 | -206% |
| Profit (loss) for the period | 9904 | -€8,163 | -€24,950 | -€16,786 | -206% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,163 | -€24,950 | -€16,786 | -206% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.