AVANTHY: 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.
AVANTHY
Largest movements
- Cash +€533,344
up €533,344 (+934.3%), from €57,086 to €590,430
mainly Other debts (+€300,000) and Investment in fixed assets (net) (+€86,446)
- Tangible fixed assets -€138,276
down €138,276 (-28.2%), from €489,530 to €351,254
of which Land and buildings: -€390,055
- Receivables within one year -€35,733
down €35,733 (-98.2%), from €36,376 to €644
of which Trade receivables: -€36,054
- Other debts +€300,000
new in 2025: €300,000
- Profit (loss) carried forward +€66,783
up €66,783 (+43.4%), from -€154,024 to -€87,241
- Gross operating margin +€89,150
up €89,150 (+181.0%), from €49,252 to €138,402
- Depreciation +€4,575
up €4,575 (+9.7%), from €47,254 to €51,830
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 | €582,992 | €943,047 | +€360,055 | +61.8% |
| Fixed assets | 21/28 | €489,530 | €351,254 | -€138,276 | -28.2% |
| Tangible fixed assets | 22/27 | €489,530 | €351,254 | -€138,276 | -28.2% |
| Land and buildings | 22 | €390,055 | €0 | -€390,055 | -100.0% |
| Furniture and vehicles | 24 | €1,575 | €1,025 | -€549 | -34.9% |
| Other tangible fixed assets | 26 | €97,901 | €350,229 | +€252,328 | +257.7% |
| Current assets | 29/58 | €93,462 | €591,793 | +€498,331 | +533.2% |
| Amounts receivable within one year | 40/41 | €36,376 | €644 | -€35,733 | -98.2% |
| Trade receivables | 40 | €36,054 | €0 | -€36,054 | -100.0% |
| Other amounts receivable | 41 | €323 | €644 | +€321 | +99.6% |
| Cash at bank and in hand | 54/58 | €57,086 | €590,430 | +€533,344 | +934.3% |
| Deferred charges and accrued income | 490/1 | - | €719 | +€719 | |
| Total equity and liabilities | 10/49 | €582,992 | €943,047 | +€360,055 | +61.8% |
| Equity | 10/15 | €245,976 | €312,759 | +€66,783 | +27.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,024 | -€87,241 | +€66,783 | +43.4% |
| Amounts payable | 17/49 | €337,016 | €630,289 | +€293,272 | +87.0% |
| Amounts payable after more than one year | 17 | €330,000 | €330,000 | = | 0.0% |
| Financial debts | 170/4 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €987 | €300,282 | +€299,295 | +30321.9% |
| Trade debts | 44 | €987 | €282 | -€705 | -71.4% |
| Suppliers | 440/4 | €987 | €282 | -€705 | -71.4% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | €6,029 | €7 | -€6,023 | -99.9% |
| Non-recurring operating income | 76A | - | €135,576 | +€135,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,254 | €51,830 | +€4,575 | +9.7% |
| Other operating charges | 640/8 | €5,065 | €4,050 | -€1,015 | -20.0% |
| Gross operating margin | 9900 | €49,252 | €138,402 | +€89,150 | +181.0% |
| Operating profit (loss) | 9901 | -€3,067 | €82,522 | +€85,589 | |
| Financial income | 75/76B | €674 | €1,011 | +€337 | +50.1% |
| Recurring financial income | 75 | €674 | €1,011 | +€337 | +50.1% |
| Financial charges | 65/66B | €16,546 | €16,750 | +€204 | +1.2% |
| Recurring financial charges | 65 | €16,546 | €16,750 | +€204 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,940 | €66,783 | +€85,722 | |
| Profit (loss) for the period | 9904 | -€18,940 | €66,783 | +€85,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,940 | €66,783 | +€85,722 |
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 28 September 2026 via checked.be.