AVANTI: 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.
AVANTI
Largest movements
- Current investments +€234,269
up €234,269 (+28.6%), from €818,508 to €1.1m
- Intangible fixed assets -€125,940
down €125,940 (-24.6%), from €512,495 to €386,555
- Deferred charges and accrued income +€52,316
up €52,316 (+856.5%), from €6,108 to €58,425
- Receivables within one year +€44,934
up €44,934 (+36.6%), from €122,661 to €167,595
of which Other amounts receivable: +€41,236
- Cash -€39,321
down €39,321 (-22.5%), from €174,959 to €135,639
mainly Current investments (-€234,269) and Debts after one year (-€127,232)
- Reserves +€317,180
up €317,180 (+33.4%), from €949,785 to €1.3m
- Debts after one year -€127,232
down €127,232 (-34.5%), from €368,426 to €241,195
- Tax, wage and social debts -€66,759
down €66,759 (-52.7%), from €126,646 to €59,886
of which Taxes: -€48,936
- Staff costs +€95,721
up €95,721 (+14.1%), from €680,867 to €776,588
- Financial income +€42,975
up €42,975 (+250.6%), from €17,146 to €60,121
of which Non-recurring financial income: +€45,000
- Taxes -€20,626
down €20,626 (-10.7%), from €191,946 to €171,320
- Gross operating margin +€16,132
up €16,132 (+1.1%), from €1.4m to €1.5m
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 | €1,759,078 | €1,905,897 | +€146,819 | +8.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €636,843 | €491,463 | -€145,380 | -22.8% |
| Intangible fixed assets | 21 | €512,495 | €386,555 | -€125,940 | -24.6% |
| Tangible fixed assets | 22/27 | €117,347 | €97,907 | -€19,440 | -16.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €117,347 | €97,907 | -€19,440 | -16.6% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €1,122,236 | €1,414,435 | +€292,199 | +26.0% |
| Amounts receivable within one year | 40/41 | €122,661 | €167,595 | +€44,934 | +36.6% |
| Trade receivables | 40 | €0 | €3,698 | +€3,698 | |
| Other amounts receivable | 41 | €122,661 | €163,896 | +€41,236 | +33.6% |
| Current investments | 50/53 | €818,508 | €1,052,777 | +€234,269 | +28.6% |
| Cash at bank and in hand | 54/58 | €174,959 | €135,639 | -€39,321 | -22.5% |
| Deferred charges and accrued income | 490/1 | €6,108 | €58,425 | +€52,316 | +856.5% |
| Total equity and liabilities | 10/49 | €1,759,078 | €1,905,897 | +€146,819 | +8.3% |
| Equity | 10/15 | €989,940 | €1,307,120 | +€317,180 | +32.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €949,785 | €1,266,965 | +€317,180 | +33.4% |
| Distributable reserves | 133 | €949,785 | €1,266,965 | +€317,180 | +33.4% |
| Profit (loss) carried forward | 14 | €33,956 | €33,956 | = | 0.0% |
| Amounts payable | 17/49 | €769,138 | €598,777 | -€170,361 | -22.1% |
| Amounts payable after more than one year | 17 | €368,426 | €241,195 | -€127,232 | -34.5% |
| Financial debts | 170/4 | €368,426 | €241,195 | -€127,232 | -34.5% |
| Amounts payable within one year | 42/48 | €400,712 | €357,582 | -€43,129 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €126,427 | €127,232 | +€804 | +0.6% |
| Financial debts | 43 | €0 | €42 | +€42 | |
| Credit institutions | 430/8 | €0 | €42 | +€42 | |
| Trade debts | 44 | €65,022 | €81,471 | +€16,449 | +25.3% |
| Suppliers | 440/4 | €65,022 | €81,471 | +€16,449 | +25.3% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €126,646 | €59,886 | -€66,759 | -52.7% |
| Taxes | 450/3 | €55,097 | €6,161 | -€48,936 | -88.8% |
| Remuneration and social security | 454/9 | €71,548 | €53,725 | -€17,823 | -24.9% |
| Other amounts payable | 47/48 | €82,616 | €88,951 | +€6,335 | +7.7% |
| Non-recurring operating income | 76A | €327 | - | -€327 | |
| Remuneration, social security and pensions | 62 | €680,867 | €776,588 | +€95,721 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,081 | €168,598 | +€1,517 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,618 | -€2,618 | |
| Other operating charges | 640/8 | €1,555 | €5,995 | +€4,440 | +285.5% |
| Non-recurring operating charges | 66A | €1,618 | €285 | -€1,333 | -82.4% |
| Gross operating margin | 9900 | €1,444,003 | €1,460,135 | +€16,132 | +1.1% |
| Operating profit (loss) | 9901 | €592,882 | €511,287 | -€81,595 | -13.8% |
| Financial income | 75/76B | €17,146 | €60,121 | +€42,975 | +250.6% |
| Recurring financial income | 75 | €17,146 | €15,121 | -€2,025 | -11.8% |
| Non-recurring financial income | 76B | - | €45,000 | +€45,000 | |
| Financial charges | 65/66B | €9,219 | €8,398 | -€821 | -8.9% |
| Recurring financial charges | 65 | €9,219 | €8,398 | -€821 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €600,809 | €563,010 | -€37,799 | -6.3% |
| Income taxes | 67/77 | €191,946 | €171,320 | -€20,626 | -10.7% |
| Profit (loss) for the period | 9904 | €408,863 | €391,690 | -€17,173 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €408,863 | €391,690 | -€17,173 | -4.2% |
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 10 October 2026 via checked.be.