AVANT GARDE CREATION: 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 GARDE CREATION
Largest movements
- Tangible fixed assets -€3,895
down €3,895 (-18.5%), from €21,032 to €17,137
- Stocks and contracts -€2,501
down €2,501 (-38.4%), from €6,512 to €4,011
- Deferred charges and accrued income +€1,174
up €1,174 (+630%), from €186 to €1,361
- Receivables within one year -€1,037
down €1,037 (-59.4%), from €1,745 to €708
of which Trade receivables: -€695
- Cash -€996
down €996 (-46.9%), from €2,125 to €1,129
mainly Current portion of long-term debt (-€7,333) and Other debts (-€4,613)
- Current portion of long-term debt -€7,333
down €7,333 (-87.0%), from €8,432 to €1,100
- Other debts -€4,613
down €4,613 (-81.7%), from €5,646 to €1,034
- Debts after one year +€1,957
up €1,957 (+178%), from €1,100 to €3,057
- Trade debts +€1,944
up €1,944 (+245%), from €794 to €2,737
- Tax, wage and social debts +€1,037
up €1,037 (+37.3%), from €2,780 to €3,817
- Gross operating margin -€8,705
down €8,705 (-44.4%), from €19,602 to €10,896
- Taxes -€1,219
down €1,219 (-48.3%), from €2,523 to €1,304
- Depreciation -€648
down €648 (-7.5%), from €8,640 to €7,991
- Financial charges -€286
down €286 (-37.7%), from €760 to €474
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 | €31,601 | €24,346 | -€7,256 | -23.0% |
| Fixed assets | 21/28 | €21,032 | €17,137 | -€3,895 | -18.5% |
| Tangible fixed assets | 22/27 | €21,032 | €17,137 | -€3,895 | -18.5% |
| Furniture and vehicles | 24 | €9,892 | €8,476 | -€1,416 | -14.3% |
| Leasing and similar rights | 25 | €7,735 | €5,964 | -€1,772 | -22.9% |
| Other tangible fixed assets | 26 | €3,405 | €2,698 | -€707 | -20.8% |
| Current assets | 29/58 | €10,569 | €7,209 | -€3,360 | -31.8% |
| Stocks and contracts in progress | 3 | €6,512 | €4,011 | -€2,501 | -38.4% |
| Stocks | 30/36 | €6,512 | €4,011 | -€2,501 | -38.4% |
| Amounts receivable within one year | 40/41 | €1,745 | €708 | -€1,037 | -59.4% |
| Trade receivables | 40 | €1,404 | €708 | -€695 | -49.5% |
| Other amounts receivable | 41 | €342 | - | -€342 | |
| Cash at bank and in hand | 54/58 | €2,125 | €1,129 | -€996 | -46.9% |
| Deferred charges and accrued income | 490/1 | €186 | €1,361 | +€1,174 | +630% |
| Total equity and liabilities | 10/49 | €31,601 | €24,346 | -€7,256 | -23.0% |
| Equity | 10/15 | €12,182 | €12,201 | +€19 | +0.2% |
| Contributions | 10/11 | €12,276 | €12,276 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244 | -€225 | +€19 | +7.7% |
| Amounts payable | 17/49 | €19,419 | €12,145 | -€7,274 | -37.5% |
| Amounts payable after more than one year | 17 | €1,100 | €3,057 | +€1,957 | +178% |
| Financial debts | 170/4 | €1,100 | €3,057 | +€1,957 | +178% |
| Amounts payable within one year | 42/48 | €17,932 | €8,688 | -€9,244 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €8,432 | €1,100 | -€7,333 | -87.0% |
| Trade debts | 44 | €794 | €2,737 | +€1,944 | +245% |
| Suppliers | 440/4 | €794 | €2,737 | +€1,944 | +245% |
| Advances received on contracts in progress | 46 | €278 | - | -€278 | |
| Taxes, remuneration and social security | 45 | €2,780 | €3,817 | +€1,037 | +37.3% |
| Taxes | 450/3 | €2,780 | €3,817 | +€1,037 | +37.3% |
| Other amounts payable | 47/48 | €5,646 | €1,034 | -€4,613 | -81.7% |
| Accrued charges and deferred income | 492/3 | €388 | €400 | +€13 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,640 | €7,991 | -€648 | -7.5% |
| Other operating charges | 640/8 | €1,245 | €1,108 | -€137 | -11.0% |
| Gross operating margin | 9900 | €19,602 | €10,896 | -€8,705 | -44.4% |
| Operating profit (loss) | 9901 | €9,717 | €1,797 | -€7,920 | -81.5% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €760 | €474 | -€286 | -37.7% |
| Recurring financial charges | 65 | €760 | €474 | -€286 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €9,038 | €1,323 | -€7,716 | -85.4% |
| Income taxes | 67/77 | €2,523 | €1,304 | -€1,219 | -48.3% |
| Profit (loss) for the period | 9904 | €6,516 | €19 | -€6,497 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,516 | €19 | -€6,497 | -99.7% |
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 28 October 2026 via checked.be.