Avalue: 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.
Avalue
Largest movements
- Tangible fixed assets -€35,497
no longer reported in 2025 (was €35,497)
- Receivables within one year -€15,624
no longer reported in 2025 (was €15,624)
of which Trade receivables: -€15,623
- Cash +€7,535
up €7,535 (+4.4%), from €169,959 to €177,494
mainly Investment in fixed assets (net) (+€35,797) and Receivables within one year (+€15,624)
- Debts after one year -€17,106
no longer reported in 2025 (was €17,106)
- Current portion of long-term debt -€11,526
no longer reported in 2025 (was €11,526)
- Trade debts -€8,285
no longer reported in 2025 (was €8,285)
- Tax, wage and social debts -€6,270
no longer reported in 2025 (was €6,270)
- Gross operating margin -€229,473
down €229,473 (-99.1%), from €231,459 to €1,986
- Staff costs -€188,581
no longer reported in 2025 (was €188,581)
- Depreciation -€10,518
no longer reported in 2025 (was €10,518)
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 | €222,038 | €177,516 | -€44,522 | -20.1% |
| Fixed assets | 21/28 | €35,797 | - | -€35,797 | |
| Tangible fixed assets | 22/27 | €35,497 | - | -€35,497 | |
| Furniture and vehicles | 24 | €35,497 | - | -€35,497 | |
| Financial fixed assets | 28 | €300 | - | -€300 | |
| Current assets | 29/58 | €186,241 | €177,516 | -€8,724 | -4.7% |
| Amounts receivable after more than one year | 29 | - | €23 | +€23 | |
| Trade receivables | 290 | - | €15 | +€15 | |
| Other amounts receivable | 291 | - | €8 | +€8 | |
| Amounts receivable within one year | 40/41 | €15,624 | - | -€15,624 | |
| Trade receivables | 40 | €15,623 | - | -€15,623 | |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €169,959 | €177,494 | +€7,535 | +4.4% |
| Deferred charges and accrued income | 490/1 | €659 | - | -€659 | |
| Total equity and liabilities | 10/49 | €222,038 | €177,516 | -€44,522 | -20.1% |
| Equity | 10/15 | €178,851 | €177,516 | -€1,334 | -0.7% |
| Contributions | 10/11 | €20,166 | €20,166 | = | 0.0% |
| Reserves | 13 | €178,479 | €178,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,817 | €1,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,817 | €1,817 | = | 0.0% |
| Distributable reserves | 133 | €176,663 | €176,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,795 | -€21,129 | -€1,334 | -6.7% |
| Amounts payable | 17/49 | €43,188 | - | -€43,188 | |
| Amounts payable after more than one year | 17 | €17,106 | - | -€17,106 | |
| Financial debts | 170/4 | €17,106 | - | -€17,106 | |
| Amounts payable within one year | 42/48 | €26,081 | - | -€26,081 | |
| Current portion of amounts payable after more than one year | 42 | €11,526 | - | -€11,526 | |
| Trade debts | 44 | €8,285 | - | -€8,285 | |
| Suppliers | 440/4 | €8,285 | - | -€8,285 | |
| Taxes, remuneration and social security | 45 | €6,270 | - | -€6,270 | |
| Taxes | 450/3 | €6,270 | - | -€6,270 | |
| Remuneration, social security and pensions | 62 | €188,581 | - | -€188,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,518 | - | -€10,518 | |
| Other operating charges | 640/8 | €505 | €1,658 | +€1,153 | +228.1% |
| Non-recurring operating charges | 66A | €2,630 | - | -€2,630 | |
| Gross operating margin | 9900 | €231,459 | €1,986 | -€229,473 | -99.1% |
| Operating profit (loss) | 9901 | €29,225 | €328 | -€28,897 | -98.9% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €2,232 | €1,662 | -€571 | -25.6% |
| Recurring financial charges | 65 | €2,232 | €1,662 | -€571 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €27,010 | -€1,334 | -€28,343 | |
| Income taxes | 67/77 | €845 | €1 | -€844 | -99.9% |
| Profit (loss) for the period | 9904 | €26,165 | -€1,334 | -€27,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,165 | -€1,334 | -€27,499 |
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 2 October 2026 via checked.be.