AVANTE: 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.
AVANTE
Largest movements
- Current investments +€308,000
up €308,000 (+308.0%), from €100,006 to €408,006
- Cash -€182,648
down €182,648 (-61.7%), from €295,823 to €113,175
mainly Current investments (-€308,000) and Receivables within one year (-€104,249)
- Tangible fixed assets -€173,800
down €173,800 (-21.5%), from €808,213 to €634,413
of which Land and buildings: -€183,826
- Receivables within one year +€104,249
up €104,249 (+863.5%), from €12,072 to €116,321
of which Trade receivables: +€110,654
- Stocks and contracts -€55,946
down €55,946 (-24.8%), from €225,975 to €170,029
- Other debts +€18,546
up €18,546 (+4.7%), from €396,851 to €415,396
- Gross operating margin -€85,580
down €85,580 (-49.2%), from €174,016 to €88,436
- Depreciation -€54,717
down €54,717 (-61.1%), from €89,571 to €34,854
- Taxes -€8,549
down €8,549 (-55.7%), from €15,343 to €6,794
- Other operating charges +€1,974
up €1,974 (+50.1%), from €3,942 to €5,916
- Financial charges -€1,859
down €1,859 (-6.0%), from €31,154 to €29,295
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 | €1,442,590 | €1,461,813 | +€19,223 | +1.3% |
| Fixed assets | 21/28 | €808,213 | €634,413 | -€173,800 | -21.5% |
| Tangible fixed assets | 22/27 | €808,213 | €634,413 | -€173,800 | -21.5% |
| Land and buildings | 22 | €770,712 | €586,887 | -€183,826 | -23.9% |
| Furniture and vehicles | 24 | €37,501 | €47,526 | +€10,025 | +26.7% |
| Current assets | 29/58 | €634,377 | €827,400 | +€193,024 | +30.4% |
| Stocks and contracts in progress | 3 | €225,975 | €170,029 | -€55,946 | -24.8% |
| Stocks | 30/36 | €225,975 | €170,029 | -€55,946 | -24.8% |
| Amounts receivable within one year | 40/41 | €12,072 | €116,321 | +€104,249 | +863.5% |
| Trade receivables | 40 | €2,396 | €113,050 | +€110,654 | +4618.3% |
| Other amounts receivable | 41 | €9,676 | €3,272 | -€6,405 | -66.2% |
| Current investments | 50/53 | €100,006 | €408,006 | +€308,000 | +308.0% |
| Cash at bank and in hand | 54/58 | €295,823 | €113,175 | -€182,648 | -61.7% |
| Deferred charges and accrued income | 490/1 | €500 | €19,869 | +€19,369 | +3874.6% |
| Total equity and liabilities | 10/49 | €1,442,590 | €1,461,813 | +€19,223 | +1.3% |
| Equity | 10/15 | €932,873 | €942,587 | +€9,714 | +1.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €907,873 | €917,587 | +€9,714 | +1.1% |
| Distributable reserves | 133 | €907,873 | €917,587 | +€9,714 | +1.1% |
| Amounts payable | 17/49 | €509,717 | €519,226 | +€9,509 | +1.9% |
| Amounts payable within one year | 42/48 | €477,266 | €490,370 | +€13,105 | +2.7% |
| Trade debts | 44 | €9,505 | €1,310 | -€8,195 | -86.2% |
| Suppliers | 440/4 | €9,505 | €1,310 | -€8,195 | -86.2% |
| Taxes, remuneration and social security | 45 | €70,910 | €73,664 | +€2,754 | +3.9% |
| Taxes | 450/3 | €70,910 | €73,664 | +€2,754 | +3.9% |
| Other amounts payable | 47/48 | €396,851 | €415,396 | +€18,546 | +4.7% |
| Accrued charges and deferred income | 492/3 | €32,452 | €28,856 | -€3,596 | -11.1% |
| Non-recurring operating income | 76A | €0 | €5,607 | +€5,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,571 | €34,854 | -€54,717 | -61.1% |
| Other operating charges | 640/8 | €3,942 | €5,916 | +€1,974 | +50.1% |
| Non-recurring operating charges | 66A | - | €2,153 | +€2,153 | |
| Gross operating margin | 9900 | €174,016 | €88,436 | -€85,580 | -49.2% |
| Operating profit (loss) | 9901 | €80,503 | €45,512 | -€34,990 | -43.5% |
| Financial income | 75/76B | €72 | €290 | +€218 | +300.5% |
| Recurring financial income | 75 | €72 | €290 | +€218 | +300.5% |
| Financial charges | 65/66B | €31,154 | €29,295 | -€1,859 | -6.0% |
| Recurring financial charges | 65 | €31,154 | €29,295 | -€1,859 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €49,422 | €16,508 | -€32,914 | -66.6% |
| Income taxes | 67/77 | €15,343 | €6,794 | -€8,549 | -55.7% |
| Profit (loss) for the period | 9904 | €34,079 | €9,714 | -€24,365 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,079 | €9,714 | -€24,365 | -71.5% |
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 12 October 2026 via checked.be.