AVANADE BELGIUM: what changed
What changed
AVANADE BELGIUM
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.9m-€200,086
Equity
€16.0m
2024 · €14.2m+€1.7m
Cash
€26,383
2024 · €54,065-€27,683
Balance sheet total
€24.9m
2024 · €23.8m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+55.4%), from €1.8m to €2.8m
Equity and liabilities
- Profit (loss) carried forward +€1.6m
up €1.6m (+28.5%), from €5.7m to €7.4m
- Trade debts -€1.5m
down €1.5m (-56.8%), from €2.6m to €1.1m
- Tax, wage and social debts +€964,926
up €964,926 (+25.2%), from €3.8m to €4.8m
of which Remuneration and social security: +€1.3m
- Advances received +€308,799
up €308,799 (+12.9%), from €2.4m to €2.7m
Income statement
- Turnover -€3.0m
down €3.0m (-6.8%), from €43.4m to €40.5m
- Staff costs +€967,832
up €967,832 (+6.1%), from €15.8m to €16.8m
- Services and other goods -€720,256
down €720,256 (-3.0%), from €24.0m to €23.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.9m
Turnover
-€3.0m
Other operating income
+€107,230
Services and other goods
+€720,256
Staff costs
-€967,832
Depreciation
+€7,142
Other operating charges
-€29,845
Other operating items
+€2.7m
Financial income
-€369,662
Financial charges
+€302,354
Taxes
+€304,389
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€17,387
Investment
-€10,296
Financing
€0
Cash 2024
€54,065
From operations (derived)
-€17,387
Net result for the year
+€1.7m
Depreciation
+€75,459
Stocks and contracts
-€1.0m
Receivables within one year
-€190,422
Deferred charges and accrued income
+€40,816
Provisions
-€194,904
Trade debts
-€1.5m
Tax, wage and social debts
+€964,926
Advances received
+€308,799
Accrued charges and deferred income
-€245,466
Investment (derived)
-€10,296
Investment in fixed assets (net)
-€10,296
Cash 2025
€26,383
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,788,198 | €24,854,871 | +€1.1m | +4.5% |
| Fixed assets | 21/28 | €102,834 | €37,671 | -€65,163 | -63.4% |
| Tangible fixed assets | 22/27 | €102,834 | €37,671 | -€65,163 | -63.4% |
| Plant, machinery and equipment | 23 | €102,834 | €37,671 | -€65,163 | -63.4% |
| Current assets | 29/58 | €23,685,364 | €24,817,200 | +€1.1m | +4.8% |
| Stocks and contracts in progress | 3 | €1,821,830 | €2,831,742 | +€1.0m | +55.4% |
| Contracts in progress | 37 | €1,821,830 | €2,831,742 | +€1.0m | +55.4% |
| Amounts receivable within one year | 40/41 | €21,722,824 | €21,913,247 | +€190,422 | +0.9% |
| Trade receivables | 40 | €5,019,692 | €4,321,611 | -€698,082 | -13.9% |
| Other amounts receivable | 41 | €16,703,132 | €17,591,636 | +€888,504 | +5.3% |
| Cash at bank and in hand | 54/58 | €54,065 | €26,383 | -€27,683 | -51.2% |
| Deferred charges and accrued income | 490/1 | €86,644 | €45,828 | -€40,816 | -47.1% |
| Total equity and liabilities | 10/49 | €23,788,198 | €24,854,871 | +€1.1m | +4.5% |
| Equity | 10/15 | €14,237,409 | €15,958,117 | +€1.7m | +12.1% |
| Contributions | 10/11 | €8,248,960 | €8,248,960 | = | 0.0% |
| Reserves | 13 | €252,070 | €338,105 | +€86,035 | +34.1% |
| Non-distributable reserves | 130/1 | €252,070 | €338,105 | +€86,035 | +34.1% |
| Reserves not available under the articles | 1311 | €252,070 | €338,105 | +€86,035 | +34.1% |
| Profit (loss) carried forward | 14 | €5,736,379 | €7,371,052 | +€1.6m | +28.5% |
| Provisions and deferred taxes | 16 | €373,528 | €178,624 | -€194,904 | -52.2% |
| Provisions for liabilities and charges | 160/5 | €373,528 | €178,624 | -€194,904 | -52.2% |
| Other liabilities and charges | 164/5 | €373,528 | €178,624 | -€194,904 | -52.2% |
| Amounts payable | 17/49 | €9,177,261 | €8,718,130 | -€459,131 | -5.0% |
| Amounts payable within one year | 42/48 | €8,843,353 | €8,629,688 | -€213,664 | -2.4% |
| Trade debts | 44 | €2,620,632 | €1,133,243 | -€1.5m | -56.8% |
| Suppliers | 440/4 | €2,620,632 | €1,133,243 | -€1.5m | -56.8% |
| Advances received on contracts in progress | 46 | €2,387,046 | €2,695,845 | +€308,799 | +12.9% |
| Taxes, remuneration and social security | 45 | €3,835,674 | €4,800,600 | +€964,926 | +25.2% |
| Taxes | 450/3 | €970,849 | €596,922 | -€373,927 | -38.5% |
| Remuneration and social security | 454/9 | €2,864,825 | €4,203,678 | +€1.3m | +46.7% |
| Accrued charges and deferred income | 492/3 | €333,908 | €88,442 | -€245,466 | -73.5% |
| Operating income | 70/76A | €42,223,333 | €42,048,443 | -€174,889 | -0.4% |
| Turnover | 70 | €43,432,224 | €40,464,307 | -€3.0m | -6.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,675,886 | €1,009,912 | +€2.7m | |
| Other operating income | 74 | €466,995 | €574,225 | +€107,230 | +23.0% |
| Operating charges | 60/66A | €39,883,889 | €40,146,168 | +€262,278 | +0.7% |
| Services and other goods | 61 | €23,994,551 | €23,274,295 | -€720,256 | -3.0% |
| Remuneration, social security and pensions | 62 | €15,796,941 | €16,764,773 | +€967,832 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,601 | €75,459 | -€7,142 | -8.6% |
| Other operating charges | 640/8 | €1,795 | €31,640 | +€29,845 | +1,663% |
| Non-recurring operating charges | 66A | €8,001 | €1 | -€8,000 | -100.0% |
| Operating profit (loss) | 9901 | €2,339,444 | €1,902,276 | -€437,168 | -18.7% |
| Financial income | 75/76B | €1,377,683 | €1,008,020 | -€369,662 | -26.8% |
| Recurring financial income | 75 | €1,377,683 | €1,008,020 | -€369,662 | -26.8% |
| Other financial income | 752/9 | €1,377,683 | €1,008,020 | -€369,662 | -26.8% |
| Financial charges | 65/66B | €833,454 | €531,100 | -€302,354 | -36.3% |
| Recurring financial charges | 65 | €833,454 | €531,100 | -€302,354 | -36.3% |
| Other financial charges | 652/9 | €833,454 | €531,100 | -€302,354 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €2,883,672 | €2,379,196 | -€504,476 | -17.5% |
| Income taxes | 67/77 | €962,878 | €658,489 | -€304,389 | -31.6% |
| Taxes | 670/3 | €962,878 | €658,489 | -€304,389 | -31.6% |
| Profit (loss) for the period | 9904 | €1,920,794 | €1,720,708 | -€200,086 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,920,794 | €1,720,708 | -€200,086 | -10.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.