AVANKO: 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.
AVANKO
Largest movements
- Current investments +€45,000
up €45,000 (+29.0%), from €155,000 to €200,000
- Cash -€24,111
down €24,111 (-35.8%), from €67,357 to €43,246
mainly Contributions, distributions and other (-€238,000) and Current investments (-€45,000)
- Tangible fixed assets -€7,014
down €7,014 (-13.9%), from €50,386 to €43,372
of which Furniture and vehicles: -€13,545
- Receivables within one year +€5,834
up €5,834 (+24.9%), from €23,475 to €29,309
of which Trade receivables: +€5,448
- Other debts +€214,537
up €214,537 (+944.5%), from €22,715 to €237,251
- Reserves -€167,094
down €167,094 (-99.5%), from €167,972 to €878
- Trade debts -€25,139
down €25,139 (-67.5%), from €37,220 to €12,081
- Accrued charges and deferred income +€7,711
up €7,711 (+425.7%), from €1,811 to €9,522
- Debts after one year -€6,773
down €6,773 (-14.3%), from €47,408 to €40,635
- Gross operating margin +€22,163
up €22,163 (+26.7%), from €82,913 to €105,076
- Taxes +€6,507
up €6,507 (+37.9%), from €17,183 to €23,690
- Financial income +€3,396
up €3,396 (+78.1%), from €4,350 to €7,745
- Financial charges -€1,578
down €1,578 (-69.9%), from €2,259 to €681
- Depreciation +€1,369
up €1,369 (+9.0%), from €15,135 to €16,504
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 | €302,538 | €325,815 | +€23,277 | +7.7% |
| Fixed assets | 21/28 | €50,386 | €43,372 | -€7,014 | -13.9% |
| Tangible fixed assets | 22/27 | €50,386 | €43,372 | -€7,014 | -13.9% |
| Plant, machinery and equipment | 23 | €831 | €258 | -€574 | -69.0% |
| Furniture and vehicles | 24 | €40,524 | €26,979 | -€13,545 | -33.4% |
| Other tangible fixed assets | 26 | €9,031 | €16,135 | +€7,105 | +78.7% |
| Current assets | 29/58 | €252,152 | €282,443 | +€30,291 | +12.0% |
| Stocks and contracts in progress | 3 | €5,211 | €5,684 | +€473 | +9.1% |
| Stocks | 30/36 | €5,211 | €5,684 | +€473 | +9.1% |
| Amounts receivable within one year | 40/41 | €23,475 | €29,309 | +€5,834 | +24.9% |
| Trade receivables | 40 | €12,056 | €17,504 | +€5,448 | +45.2% |
| Other amounts receivable | 41 | €11,419 | €11,805 | +€386 | +3.4% |
| Current investments | 50/53 | €155,000 | €200,000 | +€45,000 | +29.0% |
| Cash at bank and in hand | 54/58 | €67,357 | €43,246 | -€24,111 | -35.8% |
| Deferred charges and accrued income | 490/1 | €1,110 | €4,205 | +€3,095 | +278.9% |
| Total equity and liabilities | 10/49 | €302,538 | €325,815 | +€23,277 | +7.7% |
| Equity | 10/15 | €186,522 | €19,428 | -€167,094 | -89.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €167,972 | €878 | -€167,094 | -99.5% |
| Distributable reserves | 133 | €167,972 | €878 | -€167,094 | -99.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €116,015 | €306,387 | +€190,371 | +164.1% |
| Amounts payable after more than one year | 17 | €47,408 | €40,635 | -€6,773 | -14.3% |
| Financial debts | 170/4 | €47,408 | €40,635 | -€6,773 | -14.3% |
| Amounts payable within one year | 42/48 | €66,796 | €256,229 | +€189,433 | +283.6% |
| Current portion of amounts payable after more than one year | 42 | €6,773 | €6,773 | = | 0.0% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €37,220 | €12,081 | -€25,139 | -67.5% |
| Suppliers | 440/4 | €37,220 | €12,081 | -€25,139 | -67.5% |
| Taxes, remuneration and social security | 45 | €87 | €122 | +€35 | +40.5% |
| Taxes | 450/3 | €87 | €122 | +€35 | +40.5% |
| Other amounts payable | 47/48 | €22,715 | €237,251 | +€214,537 | +944.5% |
| Accrued charges and deferred income | 492/3 | €1,811 | €9,522 | +€7,711 | +425.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,135 | €16,504 | +€1,369 | +9.0% |
| Other operating charges | 640/8 | €1,303 | €1,042 | -€261 | -20.1% |
| Gross operating margin | 9900 | €82,913 | €105,076 | +€22,163 | +26.7% |
| Operating profit (loss) | 9901 | €66,475 | €87,531 | +€21,056 | +31.7% |
| Financial income | 75/76B | €4,350 | €7,745 | +€3,396 | +78.1% |
| Recurring financial income | 75 | €4,350 | €7,745 | +€3,396 | +78.1% |
| Financial charges | 65/66B | €2,259 | €681 | -€1,578 | -69.9% |
| Recurring financial charges | 65 | €2,259 | €681 | -€1,578 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €68,566 | €94,595 | +€26,029 | +38.0% |
| Income taxes | 67/77 | €17,183 | €23,690 | +€6,507 | +37.9% |
| Profit (loss) for the period | 9904 | €51,383 | €70,906 | +€19,523 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,383 | €70,906 | +€19,523 | +38.0% |
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 8 October 2026 via checked.be.