AVANT: 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.
AVANT
Largest movements
- Receivables within one year -€9,041
down €9,041 (-4.0%), from €223,596 to €214,555
of which Trade receivables: -€20,598
- Tangible fixed assets -€8,053
down €8,053 (-85.7%), from €9,395 to €1,342
- Other debts +€24,246
up €24,246 (+33.7%), from €71,989 to €96,235
- Trade debts -€19,489
down €19,489 (-18.5%), from €105,504 to €86,016
- Debts after one year -€15,189
down €15,189 (-46.8%), from €32,421 to €17,233
- Profit (loss) carried forward -€6,552
down €6,552 (-4.2%), from €157,110 to €150,558
- Gross operating margin +€13,499
up €13,499, from -€386 to €13,112
- Financial charges -€4,208
down €4,208 (-28.7%), from €14,649 to €10,441
- Other operating charges -€1,324
down €1,324 (-53.1%), from €2,493 to €1,170
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 | €569,579 | €545,669 | -€23,910 | -4.2% |
| Fixed assets | 21/28 | €9,395 | €1,342 | -€8,053 | -85.7% |
| Tangible fixed assets | 22/27 | €9,395 | €1,342 | -€8,053 | -85.7% |
| Furniture and vehicles | 24 | €9,395 | €1,342 | -€8,053 | -85.7% |
| Current assets | 29/58 | €560,184 | €544,327 | -€15,857 | -2.8% |
| Stocks and contracts in progress | 3 | €329,416 | €324,689 | -€4,726 | -1.4% |
| Stocks | 30/36 | €329,416 | €324,689 | -€4,726 | -1.4% |
| Amounts receivable within one year | 40/41 | €223,596 | €214,555 | -€9,041 | -4.0% |
| Trade receivables | 40 | €169,985 | €149,388 | -€20,598 | -12.1% |
| Other amounts receivable | 41 | €53,610 | €65,167 | +€11,557 | +21.6% |
| Cash at bank and in hand | 54/58 | €7,172 | €5,083 | -€2,090 | -29.1% |
| Total equity and liabilities | 10/49 | €569,579 | €545,669 | -€23,910 | -4.2% |
| Equity | 10/15 | €212,229 | €205,677 | -€6,552 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,519 | €36,519 | = | 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% |
| Distributable reserves | 133 | €34,659 | €34,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,110 | €150,558 | -€6,552 | -4.2% |
| Amounts payable | 17/49 | €357,350 | €339,992 | -€17,359 | -4.9% |
| Amounts payable after more than one year | 17 | €32,421 | €17,233 | -€15,189 | -46.8% |
| Financial debts | 170/4 | €32,421 | €17,233 | -€15,189 | -46.8% |
| Amounts payable within one year | 42/48 | €324,929 | €322,759 | -€2,170 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €20,421 | €16,109 | -€4,312 | -21.1% |
| Financial debts | 43 | €124,400 | €124,400 | = | 0.0% |
| Credit institutions | 430/8 | €124,400 | €124,400 | = | 0.0% |
| Trade debts | 44 | €105,504 | €86,016 | -€19,489 | -18.5% |
| Suppliers | 440/4 | €105,504 | €86,016 | -€19,489 | -18.5% |
| Taxes, remuneration and social security | 45 | €2,615 | €0 | -€2,615 | -100% |
| Taxes | 450/3 | €400 | €0 | -€400 | -100% |
| Remuneration and social security | 454/9 | €2,215 | €0 | -€2,215 | -100% |
| Other amounts payable | 47/48 | €71,989 | €96,235 | +€24,246 | +33.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,500 | €10,000 | +€2,500 | +33.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,053 | €8,053 | = | 0.0% |
| Other operating charges | 640/8 | €2,493 | €1,170 | -€1,324 | -53.1% |
| Gross operating margin | 9900 | -€386 | €13,112 | +€13,499 | |
| Operating profit (loss) | 9901 | -€10,933 | €3,889 | +€14,822 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €14,649 | €10,441 | -€4,208 | -28.7% |
| Recurring financial charges | 65 | €14,649 | €10,441 | -€4,208 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,582 | -€6,552 | +€19,030 | +74.4% |
| Profit (loss) for the period | 9904 | -€25,582 | -€6,552 | +€19,030 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,582 | -€6,552 | +€19,030 | +74.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.