AVANTI: 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.
What changed
AVANTI
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€222,144
2024 · -€124,277-€97,867
Equity
€19.5m
2024 · €19.7m-€222,144
Cash
€128,868
2024 · €288,427-€159,559
Balance sheet total
€21.3m
2024 · €20.4m+€952,662
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+29.0%), from €3.9m to €5.0m
of which Land and buildings: +€1.2m
- Stocks and contracts -€530,837
down €530,837 (-100.0%), from €530,837 to €0
- Current investments +€309,087
up €309,087 (+23.8%), from €1.3m to €1.6m
Equity and liabilities
- Debts after one year +€1.3m
new in 2025: €1.3m
- Reserves -€222,144
down €222,144 (-1.1%), from €19.6m to €19.4m
Income statement
- Financial income +€60,425
up €60,425 (+88.4%), from €68,345 to €128,769
- Depreciation +€34,673
up €34,673 (+14.7%), from €235,743 to €270,416
- Financial charges +€24,292
up €24,292 (+48.8%), from €49,796 to €74,088
- Gross operating margin -€22,835
down €22,835 (-15.1%), from €151,434 to €128,599
- Other operating charges -€15,010
down €15,010 (-45.2%), from €33,171 to €18,162
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.
Result 2024
-€124,277
Gross operating margin
-€22,835
Staff costs
-€1,348
Depreciation
-€34,673
Other operating charges
+€15,010
Other operating items
-€91,727
Financial income
+€60,425
Financial charges
-€24,292
Taxes
+€1,574
Result 2025
-€222,144
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.
From operations
+€238,978
Investment
-€1.7m
Financing
+€1.3m
Cash 2024
€288,427
From operations (derived)
+€238,978
Net result for the year
-€222,144
Depreciation
+€270,416
Receivables after one year
-€107,797
Stocks and contracts
+€530,837
Receivables within one year
-€107,623
Deferred charges and accrued income
+€483
Provisions
-€3,698
Trade debts
+€37,383
Tax, wage and social debts
+€3,943
Other debts
-€162,823
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.4m
Current investments
-€309,087
Financing
+€1.3m
Debts after one year
+€1.3m
Cash 2025
€128,868
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,374,539 | €21,327,201 | +€952,662 | +4.7% |
| Fixed assets | 21/28 | €15,322,650 | €16,441,684 | +€1.1m | +7.3% |
| Intangible fixed assets | 21 | €59,937 | €44,953 | -€14,984 | -25.0% |
| Tangible fixed assets | 22/27 | €3,904,540 | €5,038,558 | +€1.1m | +29.0% |
| Land and buildings | 22 | €3,403,759 | €4,590,812 | +€1.2m | +34.9% |
| Plant, machinery and equipment | 23 | €252,105 | €203,143 | -€48,962 | -19.4% |
| Furniture and vehicles | 24 | €246,251 | €243,564 | -€2,687 | -1.1% |
| Other tangible fixed assets | 26 | €2,424 | €1,039 | -€1,386 | -57.2% |
| Financial fixed assets | 28 | €11,358,173 | €11,358,173 | = | 0.0% |
| Current assets | 29/58 | €5,051,889 | €4,885,517 | -€166,372 | -3.3% |
| Amounts receivable after more than one year | 29 | €2,366,031 | €2,473,828 | +€107,797 | +4.6% |
| Other amounts receivable | 291 | €2,366,031 | €2,473,828 | +€107,797 | +4.6% |
| Stocks and contracts in progress | 3 | €530,837 | €0 | -€530,837 | -100.0% |
| Stocks | 30/36 | €530,837 | €0 | -€530,837 | -100.0% |
| Amounts receivable within one year | 40/41 | €523,211 | €630,834 | +€107,623 | +20.6% |
| Trade receivables | 40 | €2,000 | €54,656 | +€52,656 | +2632.8% |
| Other amounts receivable | 41 | €521,211 | €576,178 | +€54,967 | +10.5% |
| Current investments | 50/53 | €1,300,000 | €1,609,087 | +€309,087 | +23.8% |
| Cash at bank and in hand | 54/58 | €288,427 | €128,868 | -€159,559 | -55.3% |
| Deferred charges and accrued income | 490/1 | €43,383 | €42,901 | -€483 | -1.1% |
| Total equity and liabilities | 10/49 | €20,374,539 | €21,327,201 | +€952,662 | +4.7% |
| Equity | 10/15 | €19,709,298 | €19,487,154 | -€222,144 | -1.1% |
| Contributions | 10/11 | €86,973 | €86,973 | = | 0.0% |
| Reserves | 13 | €19,622,324 | €19,400,181 | -€222,144 | -1.1% |
| Distributable reserves | 133 | €19,622,324 | €19,400,181 | -€222,144 | -1.1% |
| Provisions and deferred taxes | 16 | €107,618 | €103,920 | -€3,698 | -3.4% |
| Deferred taxes | 168 | €107,618 | €103,920 | -€3,698 | -3.4% |
| Amounts payable | 17/49 | €557,623 | €1,736,126 | +€1.2m | +211.3% |
| Amounts payable after more than one year | 17 | - | €1,300,000 | +€1.3m | |
| Financial debts | 170/4 | - | €1,300,000 | +€1.3m | |
| Amounts payable within one year | 42/48 | €557,623 | €436,126 | -€121,497 | -21.8% |
| Trade debts | 44 | €22,502 | €59,885 | +€37,383 | +166.1% |
| Suppliers | 440/4 | €22,502 | €59,885 | +€37,383 | +166.1% |
| Taxes, remuneration and social security | 45 | €19,196 | €23,138 | +€3,943 | +20.5% |
| Taxes | 450/3 | €14,472 | €18,187 | +€3,715 | +25.7% |
| Remuneration and social security | 454/9 | €4,724 | €4,951 | +€228 | +4.8% |
| Other amounts payable | 47/48 | €515,926 | €353,103 | -€162,823 | -31.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €51,803 | +€51,803 | |
| Remuneration, social security and pensions | 62 | €25,474 | €26,822 | +€1,348 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,743 | €270,416 | +€34,673 | +14.7% |
| Other operating charges | 640/8 | €33,171 | €18,162 | -€15,010 | -45.2% |
| Non-recurring operating charges | 66A | €0 | €91,727 | +€91,727 | |
| Gross operating margin | 9900 | €151,434 | €128,599 | -€22,835 | -15.1% |
| Operating profit (loss) | 9901 | -€142,955 | -€278,528 | -€135,573 | -94.8% |
| Financial income | 75/76B | €68,345 | €128,769 | +€60,425 | +88.4% |
| Recurring financial income | 75 | €68,345 | €128,769 | +€60,425 | +88.4% |
| Financial charges | 65/66B | €49,796 | €74,088 | +€24,292 | +48.8% |
| Recurring financial charges | 65 | €49,796 | €74,088 | +€24,292 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | -€124,406 | -€223,846 | -€99,441 | -79.9% |
| Transfer from deferred taxes | 780 | €3,698 | €3,698 | = | 0.0% |
| Income taxes | 67/77 | €3,569 | €1,995 | -€1,574 | -44.1% |
| Profit (loss) for the period | 9904 | -€124,277 | -€222,144 | -€97,867 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,277 | -€222,144 | -€97,867 | -78.7% |
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 7 October 2026 via checked.be.