Avanco Adventure: 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.
Avanco Adventure
Largest movements
- Receivables within one year -€520,416
down €520,416 (-95.4%), from €545,397 to €24,981
of which Other amounts receivable: -€545,397
- Cash +€507,063
up €507,063 (+1,967%), from €25,779 to €532,842
mainly Receivables within one year (+€520,416) and Investment in fixed assets (net) (+€36,228)
- Tangible fixed assets -€51,835
down €51,835 (-54.9%), from €94,446 to €42,611
of which Furniture and vehicles: -€36,228
- Profit (loss) carried forward -€61,194
down €61,194 (-10.9%), from €562,570 to €501,376
- Debts after one year -€18,160
down €18,160 (-37.6%), from €48,329 to €30,169
- Accrued charges and deferred income +€12,000
new in 2025: €12,000
- Gross operating margin -€159,088
down €159,088 (-53.7%), from €295,988 to €136,900
- Staff costs +€26,940
up €26,940 (+19.6%), from €137,573 to €164,513
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 | €666,361 | €601,737 | -€64,623 | -9.7% |
| Fixed assets | 21/28 | €94,446 | €42,611 | -€51,835 | -54.9% |
| Tangible fixed assets | 22/27 | €94,446 | €42,611 | -€51,835 | -54.9% |
| Land and buildings | 22 | €17,955 | €11,439 | -€6,517 | -36.3% |
| Furniture and vehicles | 24 | €36,228 | - | -€36,228 | |
| Leasing and similar rights | 25 | €40,263 | €31,172 | -€9,091 | -22.6% |
| Current assets | 29/58 | €571,914 | €559,126 | -€12,788 | -2.2% |
| Amounts receivable within one year | 40/41 | €545,397 | €24,981 | -€520,416 | -95.4% |
| Trade receivables | 40 | - | €24,981 | +€24,981 | |
| Other amounts receivable | 41 | €545,397 | - | -€545,397 | |
| Cash at bank and in hand | 54/58 | €25,779 | €532,842 | +€507,063 | +1,967% |
| Deferred charges and accrued income | 490/1 | €738 | €1,303 | +€565 | +76.5% |
| Total equity and liabilities | 10/49 | €666,361 | €601,737 | -€64,623 | -9.7% |
| Equity | 10/15 | €562,570 | €501,376 | -€61,194 | -10.9% |
| Profit (loss) carried forward | 14 | €562,570 | €501,376 | -€61,194 | -10.9% |
| Amounts payable | 17/49 | €103,790 | €100,361 | -€3,430 | -3.3% |
| Amounts payable after more than one year | 17 | €48,329 | €30,169 | -€18,160 | -37.6% |
| Financial debts | 170/4 | €48,329 | €30,169 | -€18,160 | -37.6% |
| Amounts payable within one year | 42/48 | €55,462 | €58,192 | +€2,730 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €22,030 | €21,182 | -€848 | -3.8% |
| Trade debts | 44 | €26,769 | €17,405 | -€9,364 | -35.0% |
| Suppliers | 440/4 | €26,769 | €17,405 | -€9,364 | -35.0% |
| Taxes, remuneration and social security | 45 | €6,212 | €97 | -€6,115 | -98.4% |
| Taxes | 450/3 | €3,392 | €97 | -€3,295 | -97.2% |
| Remuneration and social security | 454/9 | €2,820 | €0 | -€2,820 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €137,573 | €164,513 | +€26,940 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,021 | €15,608 | +€2,587 | +19.9% |
| Other operating charges | 640/8 | €1,420 | €2,096 | +€676 | +47.6% |
| Non-recurring operating charges | 66A | €26,827 | €13,003 | -€13,824 | -51.5% |
| Gross operating margin | 9900 | €295,988 | €136,900 | -€159,088 | -53.7% |
| Operating profit (loss) | 9901 | €117,147 | -€58,319 | -€175,466 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,629 | €2,875 | +€1,246 | +76.5% |
| Recurring financial charges | 65 | €1,629 | €2,875 | +€1,246 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | €115,518 | -€61,194 | -€176,712 | |
| Profit (loss) for the period | 9904 | €115,518 | -€61,194 | -€176,712 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,518 | -€61,194 | -€176,712 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.