aVANgers: 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.
aVANgers
Largest movements
- Cash +€65,425
up €65,425 (+234.3%), from €27,923 to €93,348
mainly Net result for the year (+€56,363) and Investment in fixed assets (net) (+€27,652)
- Tangible fixed assets -€39,686
down €39,686 (-30.7%), from €129,123 to €89,437
of which Land and buildings: -€29,981
- Current investments +€9,552
new in 2025: €9,552
- Profit (loss) carried forward +€56,363
up €56,363 (+43.0%), from €131,139 to €187,502
- Tax, wage and social debts -€11,633
down €11,633 (-37.0%), from €31,440 to €19,808
- Trade debts -€7,784
down €7,784 (-93.5%), from €8,327 to €543
- Gross operating margin +€11,439
up €11,439 (+14.8%), from €77,048 to €88,487
- Depreciation +€2,604
up €2,604 (+27.6%), from €9,430 to €12,034
- Taxes +€1,054
up €1,054 (+7.6%), from €13,931 to €14,984
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 | €172,907 | €210,262 | +€37,355 | +21.6% |
| Fixed assets | 21/28 | €129,123 | €89,437 | -€39,686 | -30.7% |
| Tangible fixed assets | 22/27 | €129,123 | €89,437 | -€39,686 | -30.7% |
| Land and buildings | 22 | €110,608 | €80,626 | -€29,981 | -27.1% |
| Plant, machinery and equipment | 23 | €4,154 | €2,465 | -€1,689 | -40.6% |
| Furniture and vehicles | 24 | €11,901 | €4,434 | -€7,467 | -62.7% |
| Other tangible fixed assets | 26 | €2,461 | €1,912 | -€549 | -22.3% |
| Current assets | 29/58 | €43,784 | €120,825 | +€77,041 | +176.0% |
| Amounts receivable within one year | 40/41 | €15,114 | €16,427 | +€1,313 | +8.7% |
| Trade receivables | 40 | €14,329 | €14,411 | +€82 | +0.6% |
| Other amounts receivable | 41 | €785 | €2,016 | +€1,230 | +156.7% |
| Current investments | 50/53 | - | €9,552 | +€9,552 | |
| Cash at bank and in hand | 54/58 | €27,923 | €93,348 | +€65,425 | +234.3% |
| Deferred charges and accrued income | 490/1 | €747 | €1,499 | +€752 | +100.7% |
| Total equity and liabilities | 10/49 | €172,907 | €210,262 | +€37,355 | +21.6% |
| Equity | 10/15 | €133,139 | €189,502 | +€56,363 | +42.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,139 | €187,502 | +€56,363 | +43.0% |
| Amounts payable | 17/49 | €39,768 | €20,760 | -€19,007 | -47.8% |
| Amounts payable within one year | 42/48 | €39,768 | €20,642 | -€19,126 | -48.1% |
| Trade debts | 44 | €8,327 | €543 | -€7,784 | -93.5% |
| Suppliers | 440/4 | €8,327 | €543 | -€7,784 | -93.5% |
| Taxes, remuneration and social security | 45 | €31,440 | €19,808 | -€11,633 | -37.0% |
| Taxes | 450/3 | €31,440 | €19,808 | -€11,633 | -37.0% |
| Other amounts payable | 47/48 | - | €291 | +€291 | |
| Accrued charges and deferred income | 492/3 | - | €119 | +€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,430 | €12,034 | +€2,604 | +27.6% |
| Other operating charges | 640/8 | €836 | €444 | -€392 | -46.9% |
| Non-recurring operating charges | 66A | - | €3,807 | +€3,807 | |
| Gross operating margin | 9900 | €77,048 | €88,487 | +€11,439 | +14.8% |
| Operating profit (loss) | 9901 | €66,783 | €72,203 | +€5,420 | +8.1% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €89 | €856 | +€767 | +858.5% |
| Recurring financial charges | 65 | €89 | €856 | +€767 | +858.5% |
| Profit (loss) for the period before taxes | 9903 | €66,718 | €71,347 | +€4,629 | +6.9% |
| Income taxes | 67/77 | €13,931 | €14,984 | +€1,054 | +7.6% |
| Profit (loss) for the period | 9904 | €52,788 | €56,363 | +€3,575 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,788 | €56,363 | +€3,575 | +6.8% |
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 6 October 2026 via checked.be.