AvantGand: 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.
AvantGand
Largest movements
- Tangible fixed assets -€10,162
down €10,162 (-12.0%), from €84,971 to €74,809
of which Land and buildings: -€10,553
- Receivables within one year -€1,824
down €1,824 (-33.4%), from €5,453 to €3,630
of which Other amounts receivable: -€4,201
- Deferred charges and accrued income -€1,074
down €1,074 (-53.6%), from €2,004 to €929
- Profit (loss) carried forward -€13,150
down €13,150 (-26.2%), from -€50,248 to -€63,397
- Debts after one year -€10,006
down €10,006 (-17.0%), from €58,854 to €48,848
- Other debts +€9,932
up €9,932 (+209%), from €4,742 to €14,673
- Gross operating margin +€4,432
up €4,432, from -€326 to €4,105
- Depreciation -€3,079
down €3,079 (-19.9%), from €15,481 to €12,401
- Other operating charges +€489
up €489 (+20.7%), from €2,359 to €2,848
- Financial income -€63
down €63 (-96.8%), from €65 to €2
of which Financial income: -€63
- Financial charges -€45
down €45 (-2.2%), from €2,050 to €2,005
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 | €101,128 | €88,435 | -€12,693 | -12.6% |
| Fixed assets | 21/28 | €84,971 | €74,809 | -€10,162 | -12.0% |
| Tangible fixed assets | 22/27 | €84,971 | €74,809 | -€10,162 | -12.0% |
| Land and buildings | 22 | €72,178 | €61,625 | -€10,553 | -14.6% |
| Plant, machinery and equipment | 23 | €12,275 | €11,820 | -€455 | -3.7% |
| Furniture and vehicles | 24 | €518 | €1,364 | +€846 | +163% |
| Current assets | 29/58 | €16,157 | €13,626 | -€2,531 | -15.7% |
| Amounts receivable within one year | 40/41 | €5,453 | €3,630 | -€1,824 | -33.4% |
| Trade receivables | 40 | €1,252 | €3,630 | +€2,378 | +190% |
| Other amounts receivable | 41 | €4,201 | €0 | -€4,201 | -100% |
| Cash at bank and in hand | 54/58 | €8,701 | €9,067 | +€366 | +4.2% |
| Deferred charges and accrued income | 490/1 | €2,004 | €929 | -€1,074 | -53.6% |
| Total equity and liabilities | 10/49 | €101,128 | €88,435 | -€12,693 | -12.6% |
| Equity | 10/15 | €27,598 | €14,448 | -€13,150 | -47.6% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Reserves | 13 | €76,146 | €76,146 | = | 0.0% |
| Distributable reserves | 133 | €76,146 | €76,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,248 | -€63,397 | -€13,150 | -26.2% |
| Amounts payable | 17/49 | €73,530 | €73,987 | +€457 | +0.6% |
| Amounts payable after more than one year | 17 | €58,854 | €48,848 | -€10,006 | -17.0% |
| Financial debts | 170/4 | €58,854 | €48,848 | -€10,006 | -17.0% |
| Amounts payable within one year | 42/48 | €14,676 | €25,139 | +€10,463 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €9,748 | €10,006 | +€258 | +2.6% |
| Trade debts | 44 | €187 | €141 | -€45 | -24.3% |
| Suppliers | 440/4 | €187 | €141 | -€45 | -24.3% |
| Taxes, remuneration and social security | 45 | €0 | €319 | +€319 | |
| Taxes | 450/3 | €0 | €319 | +€319 | |
| Other amounts payable | 47/48 | €4,742 | €14,673 | +€9,932 | +209% |
| Non-recurring operating income | 76A | €0 | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,481 | €12,401 | -€3,079 | -19.9% |
| Other operating charges | 640/8 | €2,359 | €2,848 | +€489 | +20.7% |
| Non-recurring operating charges | 66A | €434 | €3 | -€431 | -99.4% |
| Gross operating margin | 9900 | -€326 | €4,105 | +€4,432 | |
| Operating profit (loss) | 9901 | -€18,600 | -€11,146 | +€7,454 | +40.1% |
| Financial income | 75/76B | €65 | €2 | -€63 | -96.8% |
| Recurring financial income | 75 | €65 | €2 | -€63 | -96.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,050 | €2,005 | -€45 | -2.2% |
| Recurring financial charges | 65 | €2,050 | €2,005 | -€45 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,585 | -€13,150 | +€7,435 | +36.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€20,585 | -€13,150 | +€7,435 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,585 | -€13,150 | +€7,435 | +36.1% |
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 26 October 2026 via checked.be.