AVAMA: 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.
AVAMA
Largest movements
- Receivables within one year -€23,169
down €23,169 (-85.7%), from €27,047 to €3,878
of which Other amounts receivable: -€21,250
- Tangible fixed assets +€17,190
up €17,190 (+3.6%), from €472,124 to €489,314
- Reserves +€223,085
new in 2025: €223,085
- Debts after one year -€221,926
down €221,926 (-43.9%), from €506,025 to €284,099
of which Financial debts: -€218,380
- Provisions +€74,362
new in 2025: €74,362
- Profit (loss) carried forward -€56,411
down €56,411 (-69.6%), from -€81,012 to -€137,423
- Current portion of long-term debt -€15,989
down €15,989 (-29.2%), from €54,789 to €38,800
- Gross operating margin +€266,208
up €266,208 (+287.1%), from €92,712 to €358,920
- Other operating charges +€37,033
up €37,033 (+610.6%), from €6,065 to €43,098
- Depreciation -€24,774
down €24,774 (-31.8%), from €77,832 to €53,058
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 | €517,086 | €517,267 | +€181 | 0.0% |
| Fixed assets | 21/28 | €472,124 | €489,314 | +€17,190 | +3.6% |
| Tangible fixed assets | 22/27 | €472,124 | €489,314 | +€17,190 | +3.6% |
| Land and buildings | 22 | €472,124 | €489,314 | +€17,190 | +3.6% |
| Current assets | 29/58 | €44,962 | €27,953 | -€17,010 | -37.8% |
| Amounts receivable within one year | 40/41 | €27,047 | €3,878 | -€23,169 | -85.7% |
| Trade receivables | 40 | €1,919 | - | -€1,919 | |
| Other amounts receivable | 41 | €25,128 | €3,878 | -€21,250 | -84.6% |
| Cash at bank and in hand | 54/58 | €17,915 | €21,290 | +€3,375 | +18.8% |
| Deferred charges and accrued income | 490/1 | - | €2,784 | +€2,784 | |
| Total equity and liabilities | 10/49 | €517,086 | €517,267 | +€181 | 0.0% |
| Equity | 10/15 | -€62,412 | €104,262 | +€166,674 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €223,085 | +€223,085 | |
| Tax-exempt reserves | 132 | - | €223,085 | +€223,085 | |
| Profit (loss) carried forward | 14 | -€81,012 | -€137,423 | -€56,411 | -69.6% |
| Provisions and deferred taxes | 16 | - | €74,362 | +€74,362 | |
| Deferred taxes | 168 | - | €74,362 | +€74,362 | |
| Amounts payable | 17/49 | €579,499 | €338,644 | -€240,855 | -41.6% |
| Amounts payable after more than one year | 17 | €506,025 | €284,099 | -€221,926 | -43.9% |
| Financial debts | 170/4 | €489,329 | €270,949 | -€218,380 | -44.6% |
| Other amounts payable | 178/9 | €16,696 | €13,150 | -€3,546 | -21.2% |
| Amounts payable within one year | 42/48 | €73,474 | €54,545 | -€18,929 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €54,789 | €38,800 | -€15,989 | -29.2% |
| Trade debts | 44 | €5,900 | €4,476 | -€1,424 | -24.1% |
| Suppliers | 440/4 | €5,900 | €4,476 | -€1,424 | -24.1% |
| Taxes, remuneration and social security | 45 | €2,148 | €1,455 | -€693 | -32.3% |
| Taxes | 450/3 | €2,148 | €1,455 | -€693 | -32.3% |
| Other amounts payable | 47/48 | €10,637 | €9,814 | -€823 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,832 | €53,058 | -€24,774 | -31.8% |
| Other operating charges | 640/8 | €6,065 | €43,098 | +€37,033 | +610.6% |
| Gross operating margin | 9900 | €92,712 | €358,920 | +€266,208 | +287.1% |
| Operating profit (loss) | 9901 | €8,815 | €262,764 | +€253,949 | +2880.9% |
| Financial income | 75/76B | €173 | €211 | +€38 | +22.0% |
| Recurring financial income | 75 | €173 | €211 | +€38 | +22.0% |
| Financial charges | 65/66B | €22,551 | €21,939 | -€613 | -2.7% |
| Recurring financial charges | 65 | €22,551 | €21,939 | -€613 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,564 | €241,036 | +€254,600 | |
| Transfer from deferred taxes | 780 | - | €281 | +€281 | |
| Transfer to deferred taxes | 680 | - | €74,642 | +€74,642 | |
| Profit (loss) for the period | 9904 | -€13,564 | €166,674 | +€180,238 | |
| Transfer from tax-exempt reserves | 789 | - | €843 | +€843 | |
| Transfer to tax-exempt reserves | 689 | - | €223,927 | +€223,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,564 | -€56,411 | -€42,847 | -315.9% |
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 4 October 2026 via checked.be.