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
- Tangible fixed assets -€11,501
down €11,501 (-27.7%), from €41,582 to €30,082
of which Furniture and vehicles: -€7,590
- Cash +€8,339
up €8,339 (+36.5%), from €22,853 to €31,192
mainly Depreciation (+€15,164) and Net result for the year (+€8,929)
- Intangible fixed assets +€2,976
new in 2025: €2,976
- Receivables within one year +€2,469
up €2,469 (+1.7%), from €141,678 to €144,147
of which Trade receivables: +€1,978
- Profit (loss) carried forward +€8,929
up €8,929, from -€7,926 to €1,003
- Investment grants -€4,800
down €4,800 (-25.0%), from €19,200 to €14,400
- Debts within one year -€3,226
down €3,226 (-3.4%), from €95,186 to €91,959
- Staff costs -€17,053
down €17,053 (-3.6%), from €472,295 to €455,242
- Gross operating margin -€11,988
down €11,988 (-2.4%), from €492,611 to €480,622
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 | €208,378 | €210,649 | +€2,271 | +1.1% |
| Fixed assets | 21/28 | €43,732 | €35,208 | -€8,525 | -19.5% |
| Intangible fixed assets | 21 | - | €2,976 | +€2,976 | |
| Tangible fixed assets | 22/27 | €41,582 | €30,082 | -€11,501 | -27.7% |
| Plant, machinery and equipment | 23 | €11,223 | €7,312 | -€3,911 | -34.8% |
| Furniture and vehicles | 24 | €30,360 | €22,770 | -€7,590 | -25.0% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €164,646 | €175,441 | +€10,796 | +6.6% |
| Amounts receivable within one year | 40/41 | €141,678 | €144,147 | +€2,469 | +1.7% |
| Trade receivables | 40 | €4,643 | €6,621 | +€1,978 | +42.6% |
| Other amounts receivable | 41 | €137,035 | €137,526 | +€491 | +0.4% |
| Cash at bank and in hand | 54/58 | €22,853 | €31,192 | +€8,339 | +36.5% |
| Deferred charges and accrued income | 490/1 | €115 | €102 | -€13 | -11.0% |
| Total equity and liabilities | 10/49 | €208,378 | €210,649 | +€2,271 | +1.1% |
| Equity | 10/15 | €39,487 | €43,617 | +€4,129 | +10.5% |
| Contributions | 10/11 | €9,213 | €9,213 | = | 0.0% |
| Capital | 10 | €9,213 | €9,213 | = | 0.0% |
| Reserves | 13 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,926 | €1,003 | +€8,929 | |
| Investment grants | 15 | €19,200 | €14,400 | -€4,800 | -25.0% |
| Provisions and deferred taxes | 16 | €55,951 | €55,951 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,951 | €55,951 | = | 0.0% |
| Other liabilities and charges | 164/5 | €55,951 | €55,951 | = | 0.0% |
| Amounts payable | 17/49 | €112,940 | €111,082 | -€1,858 | -1.6% |
| Amounts payable within one year | 42/48 | €95,186 | €91,959 | -€3,226 | -3.4% |
| Trade debts | 44 | €1,969 | €19,675 | +€17,706 | +899% |
| Suppliers | 440/4 | €1,969 | €19,675 | +€17,706 | +899% |
| Taxes, remuneration and social security | 45 | €53,217 | €72,285 | +€19,067 | +35.8% |
| Taxes | 450/3 | €3,919 | €10,499 | +€6,580 | +168% |
| Remuneration and social security | 454/9 | €49,298 | €61,785 | +€12,487 | +25.3% |
| Accrued charges and deferred income | 492/3 | €17,754 | €19,122 | +€1,368 | +7.7% |
| Remuneration, social security and pensions | 62 | €472,295 | €455,242 | -€17,053 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,241 | €15,164 | +€1,923 | +14.5% |
| Other operating charges | 640/8 | €2,268 | €1,178 | -€1,090 | -48.1% |
| Non-recurring operating charges | 66A | €2 | - | -€2 | |
| Gross operating margin | 9900 | €492,611 | €480,622 | -€11,988 | -2.4% |
| Operating profit (loss) | 9901 | €4,804 | €9,038 | +€4,234 | +88.1% |
| Financial charges | 65/66B | €80 | €109 | +€29 | +36.0% |
| Recurring financial charges | 65 | €80 | €109 | +€29 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €4,724 | €8,929 | +€4,205 | +89.0% |
| Profit (loss) for the period | 9904 | €4,724 | €8,929 | +€4,205 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,724 | €8,929 | +€4,205 | +89.0% |
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 28 October 2026 via checked.be.