AVANE: 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.
AVANE
Largest movements
- Receivables within one year -€202,856
down €202,856 (-64.5%), from €314,491 to €111,636
of which Trade receivables: -€167,024
- Cash -€89,240
down €89,240 (-78.2%), from €114,062 to €24,822
mainly Trade debts (-€190,311) and Contributions, distributions and other (-€117,600)
- Trade debts -€190,311
down €190,311 (-98.4%), from €193,454 to €3,144
- Accrued charges and deferred income -€45,000
down €45,000 (-69.2%), from €65,000 to €20,000
- Tax, wage and social debts -€37,161
down €37,161 (-38.6%), from €96,232 to €59,072
- Other debts -€32,930
down €32,930 (-24.8%), from €132,930 to €100,000
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Gross operating margin +€85,153
up €85,153 (+73.9%), from €115,204 to €200,358
- Taxes -€14,448
down €14,448 (-53.9%), from €26,787 to €12,340
- Depreciation +€12,036
up €12,036 (+65.6%), from €18,342 to €30,378
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 | €521,616 | €232,626 | -€288,990 | -55.4% |
| Fixed assets | 21/28 | €87,998 | €92,679 | +€4,681 | +5.3% |
| Tangible fixed assets | 22/27 | €87,998 | €92,679 | +€4,681 | +5.3% |
| Plant, machinery and equipment | 23 | €2,825 | €3,425 | +€600 | +21.3% |
| Furniture and vehicles | 24 | €85,173 | €89,253 | +€4,081 | +4.8% |
| Current assets | 29/58 | €433,618 | €139,947 | -€293,671 | -67.7% |
| Amounts receivable within one year | 40/41 | €314,491 | €111,636 | -€202,856 | -64.5% |
| Trade receivables | 40 | €194,844 | €27,820 | -€167,024 | -85.7% |
| Other amounts receivable | 41 | €119,647 | €83,816 | -€35,831 | -29.9% |
| Cash at bank and in hand | 54/58 | €114,062 | €24,822 | -€89,240 | -78.2% |
| Deferred charges and accrued income | 490/1 | €5,065 | €3,490 | -€1,575 | -31.1% |
| Total equity and liabilities | 10/49 | €521,616 | €232,626 | -€288,990 | -55.4% |
| Equity | 10/15 | €21,083 | €39,710 | +€18,627 | +88.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €14,883 | €14,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,023 | €13,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €6,227 | +€6,227 | |
| Amounts payable | 17/49 | €500,533 | €192,916 | -€307,618 | -61.5% |
| Amounts payable after more than one year | 17 | €720 | €0 | -€720 | -100.0% |
| Financial debts | 170/4 | €720 | €0 | -€720 | -100.0% |
| Amounts payable within one year | 42/48 | €434,814 | €172,916 | -€261,898 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €12,197 | €10,700 | -€1,497 | -12.3% |
| Trade debts | 44 | €193,454 | €3,144 | -€190,311 | -98.4% |
| Suppliers | 440/4 | €193,454 | €3,144 | -€190,311 | -98.4% |
| Taxes, remuneration and social security | 45 | €96,232 | €59,072 | -€37,161 | -38.6% |
| Taxes | 450/3 | €96,232 | €59,072 | -€37,161 | -38.6% |
| Other amounts payable | 47/48 | €132,930 | €100,000 | -€32,930 | -24.8% |
| Accrued charges and deferred income | 492/3 | €65,000 | €20,000 | -€45,000 | -69.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €119 | €0 | -€119 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,342 | €30,378 | +€12,036 | +65.6% |
| Other operating charges | 640/8 | €13,278 | €14,846 | +€1,568 | +11.8% |
| Non-recurring operating charges | 66A | €0 | €4,049 | +€4,049 | |
| Gross operating margin | 9900 | €115,204 | €200,358 | +€85,153 | +73.9% |
| Operating profit (loss) | 9901 | €83,465 | €151,085 | +€67,620 | +81.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,206 | €2,518 | +€1,312 | +108.8% |
| Recurring financial charges | 65 | €1,206 | €2,518 | +€1,312 | +108.8% |
| Profit (loss) for the period before taxes | 9903 | €82,259 | €148,567 | +€66,308 | +80.6% |
| Income taxes | 67/77 | €26,787 | €12,340 | -€14,448 | -53.9% |
| Profit (loss) for the period | 9904 | €55,472 | €136,227 | +€80,756 | +145.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,472 | €136,227 | +€80,756 | +145.6% |
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 7 October 2026 via checked.be.