Avantgarde Inc.: 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.
Avantgarde Inc.
Largest movements
- Cash +€59,616
up €59,616 (+88.3%), from €67,549 to €127,165
mainly Current investments (+€37,832) and Net result for the year (+€33,563)
- Current investments -€37,832
down €37,832 (-48.1%), from €78,600 to €40,768
- Receivables within one year -€12,162
down €12,162 (-39.9%), from €30,497 to €18,334
of which Trade receivables: -€10,797
- Tangible fixed assets -€9,697
down €9,697 (-16.6%), from €58,316 to €48,619
of which Furniture and vehicles: -€14,003
- Other debts +€25,177
up €25,177 (+550%), from €4,573 to €29,750
- Debts after one year -€11,558
down €11,558 (-30.6%), from €37,832 to €26,274
- Reserves -€10,379
down €10,379 (-6.1%), from €170,436 to €160,057
- Trade debts -€2,988
down €2,988 (-72.0%), from €4,152 to €1,163
- Financial income -€3,361
down €3,361 (-85.5%), from €3,929 to €568
- Gross operating margin -€3,064
down €3,064 (-4.5%), from €68,119 to €65,055
- Taxes -€1,512
down €1,512 (-10.1%), from €15,006 to €13,494
- Depreciation +€794
up €794 (+5.3%), from €14,859 to €15,653
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 | €238,279 | €237,761 | -€518 | -0.2% |
| Fixed assets | 21/28 | €58,316 | €48,619 | -€9,697 | -16.6% |
| Tangible fixed assets | 22/27 | €58,316 | €48,619 | -€9,697 | -16.6% |
| Land and buildings | 22 | - | €5,277 | +€5,277 | |
| Plant, machinery and equipment | 23 | €2,188 | €1,217 | -€971 | -44.4% |
| Furniture and vehicles | 24 | €56,129 | €42,125 | -€14,003 | -24.9% |
| Current assets | 29/58 | €179,962 | €189,142 | +€9,179 | +5.1% |
| Amounts receivable within one year | 40/41 | €30,497 | €18,334 | -€12,162 | -39.9% |
| Trade receivables | 40 | €25,932 | €15,134 | -€10,797 | -41.6% |
| Other amounts receivable | 41 | €4,565 | €3,200 | -€1,365 | -29.9% |
| Current investments | 50/53 | €78,600 | €40,768 | -€37,832 | -48.1% |
| Cash at bank and in hand | 54/58 | €67,549 | €127,165 | +€59,616 | +88.3% |
| Deferred charges and accrued income | 490/1 | €3,316 | €2,874 | -€442 | -13.3% |
| Total equity and liabilities | 10/49 | €238,279 | €237,761 | -€518 | -0.2% |
| Equity | 10/15 | €176,636 | €166,257 | -€10,379 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,436 | €160,057 | -€10,379 | -6.1% |
| Distributable reserves | 133 | €170,436 | €160,057 | -€10,379 | -6.1% |
| Amounts payable | 17/49 | €61,643 | €71,504 | +€9,861 | +16.0% |
| Amounts payable after more than one year | 17 | €37,832 | €26,274 | -€11,558 | -30.6% |
| Financial debts | 170/4 | €37,832 | €26,274 | -€11,558 | -30.6% |
| Amounts payable within one year | 42/48 | €23,811 | €44,480 | +€20,669 | +86.8% |
| Current portion of amounts payable after more than one year | 42 | €10,926 | €11,558 | +€633 | +5.8% |
| Trade debts | 44 | €4,152 | €1,163 | -€2,988 | -72.0% |
| Suppliers | 440/4 | €4,152 | €1,163 | -€2,988 | -72.0% |
| Taxes, remuneration and social security | 45 | €4,160 | €2,009 | -€2,151 | -51.7% |
| Taxes | 450/3 | €4,160 | €2,009 | -€2,151 | -51.7% |
| Other amounts payable | 47/48 | €4,573 | €29,750 | +€25,177 | +550% |
| Accrued charges and deferred income | 492/3 | - | €750 | +€750 | |
| Non-recurring operating income | 76A | €5,766 | - | -€5,766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,859 | €15,653 | +€794 | +5.3% |
| Other operating charges | 640/8 | €463 | €400 | -€63 | -13.6% |
| Gross operating margin | 9900 | €68,119 | €65,055 | -€3,064 | -4.5% |
| Operating profit (loss) | 9901 | €52,797 | €49,002 | -€3,795 | -7.2% |
| Financial income | 75/76B | €3,929 | €568 | -€3,361 | -85.5% |
| Recurring financial income | 75 | €3,929 | €568 | -€3,361 | -85.5% |
| Financial charges | 65/66B | €2,802 | €2,513 | -€289 | -10.3% |
| Recurring financial charges | 65 | €2,802 | €2,513 | -€289 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €53,924 | €47,057 | -€6,867 | -12.7% |
| Income taxes | 67/77 | €15,006 | €13,494 | -€1,512 | -10.1% |
| Profit (loss) for the period | 9904 | €38,918 | €33,563 | -€5,355 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,918 | €33,563 | -€5,355 | -13.8% |
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 31 October 2026 via checked.be.