AVANTEC: 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.
AVANTEC
Largest movements
- Cash +€58,910
up €58,910 (+74.0%), from €79,566 to €138,475
mainly Other debts (+€141,389) and Net result for the year (+€51,511)
- Tangible fixed assets -€39,180
down €39,180 (-29.0%), from €134,940 to €95,760
of which Furniture and vehicles: -€32,621
- Receivables within one year -€9,411
down €9,411 (-52.7%), from €17,854 to €8,443
of which Trade receivables: -€8,303
- Other debts +€141,389
up €141,389 (+412.9%), from €34,244 to €175,633
- Reserves -€106,489
down €106,489 (-99.6%), from €106,879 to €390
- Debts after one year -€23,312
down €23,312 (-47.1%), from €49,478 to €26,166
- Current portion of long-term debt -€10,187
down €10,187 (-30.4%), from €33,499 to €23,312
- Tax, wage and social debts +€9,424
up €9,424 (+448.8%), from €2,100 to €11,524
- Gross operating margin +€26,263
up €26,263 (+32.3%), from €81,203 to €107,466
- Taxes +€5,924
up €5,924 (+79.9%), from €7,412 to €13,336
- Depreciation -€3,783
down €3,783 (-9.9%), from €38,139 to €34,357
- Financial charges +€2,562
up €2,562 (+51.9%), from €4,938 to €7,500
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 | €236,638 | €247,138 | +€10,500 | +4.4% |
| Fixed assets | 21/28 | €134,940 | €95,760 | -€39,180 | -29.0% |
| Tangible fixed assets | 22/27 | €134,940 | €95,760 | -€39,180 | -29.0% |
| Plant, machinery and equipment | 23 | €19,998 | €13,439 | -€6,559 | -32.8% |
| Furniture and vehicles | 24 | €114,942 | €82,321 | -€32,621 | -28.4% |
| Current assets | 29/58 | €101,698 | €151,379 | +€49,681 | +48.9% |
| Amounts receivable within one year | 40/41 | €17,854 | €8,443 | -€9,411 | -52.7% |
| Trade receivables | 40 | €13,582 | €5,279 | -€8,303 | -61.1% |
| Other amounts receivable | 41 | €4,272 | €3,164 | -€1,108 | -25.9% |
| Cash at bank and in hand | 54/58 | €79,566 | €138,475 | +€58,910 | +74.0% |
| Deferred charges and accrued income | 490/1 | €4,278 | €4,460 | +€182 | +4.2% |
| Total equity and liabilities | 10/49 | €236,638 | €247,138 | +€10,500 | +4.4% |
| Equity | 10/15 | €111,879 | €5,390 | -€106,489 | -95.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €106,879 | €390 | -€106,489 | -99.6% |
| Distributable reserves | 133 | €106,879 | €390 | -€106,489 | -99.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,759 | €241,748 | +€116,989 | +93.8% |
| Amounts payable after more than one year | 17 | €49,478 | €26,166 | -€23,312 | -47.1% |
| Financial debts | 170/4 | €49,478 | €26,166 | -€23,312 | -47.1% |
| Amounts payable within one year | 42/48 | €75,280 | €215,582 | +€140,302 | +186.4% |
| Current portion of amounts payable after more than one year | 42 | €33,499 | €23,312 | -€10,187 | -30.4% |
| Trade debts | 44 | €5,437 | €5,112 | -€325 | -6.0% |
| Suppliers | 440/4 | €5,437 | €5,112 | -€325 | -6.0% |
| Taxes, remuneration and social security | 45 | €2,100 | €11,524 | +€9,424 | +448.8% |
| Taxes | 450/3 | €2,100 | €11,524 | +€9,424 | +448.8% |
| Other amounts payable | 47/48 | €34,244 | €175,633 | +€141,389 | +412.9% |
| Non-recurring operating income | 76A | - | €11,651 | +€11,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,139 | €34,357 | -€3,783 | -9.9% |
| Other operating charges | 640/8 | €671 | €767 | +€96 | +14.2% |
| Gross operating margin | 9900 | €81,203 | €107,466 | +€26,263 | +32.3% |
| Operating profit (loss) | 9901 | €42,392 | €72,343 | +€29,950 | +70.7% |
| Financial income | 75/76B | €0 | €4 | +€4 | +788.9% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +788.9% |
| Financial charges | 65/66B | €4,938 | €7,500 | +€2,562 | +51.9% |
| Recurring financial charges | 65 | €4,938 | €7,500 | +€2,562 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €37,455 | €64,846 | +€27,392 | +73.1% |
| Income taxes | 67/77 | €7,412 | €13,336 | +€5,924 | +79.9% |
| Profit (loss) for the period | 9904 | €30,043 | €51,511 | +€21,468 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,043 | €51,511 | +€21,468 | +71.5% |
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 2 October 2026 via checked.be.