AVANTIMMO: 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.
AVANTIMMO
Largest movements
- Stocks and contracts -€308,936
no longer reported in 2025 (was €308,936)
- Cash +€132,689
up €132,689 (+240%), from €55,231 to €187,920
mainly Stocks and contracts (+€308,936) and Receivables within one year (+€75,573)
- Receivables within one year -€75,573
down €75,573 (-76.6%), from €98,666 to €23,093
of which Trade receivables: -€77,714
- Intangible fixed assets -€15,000
down €15,000 (-32.4%), from €46,250 to €31,250
- Tangible fixed assets -€6,177
down €6,177 (-8.7%), from €71,162 to €64,985
of which Land and buildings: -€6,720
- Current portion of long-term debt -€258,786
down €258,786 (-98.4%), from €262,883 to €4,097
- Reserves -€28,852
down €28,852 (-23.1%), from €124,965 to €96,113
- Other debts +€28,636
up €28,636 (+23.4%), from €122,128 to €150,764
- Tax, wage and social debts -€9,394
down €9,394 (-44.4%), from €21,141 to €11,747
of which Taxes: -€9,971
- Gross operating margin +€55,566
up €55,566 (+171%), from €32,458 to €88,024
- Taxes +€15,293
up €15,293 (+1,795%), from €852 to €16,145
- Financial charges +€7,778
up €7,778 (+112%), from €6,955 to €14,733
- Depreciation +€2,307
up €2,307 (+10.0%), from €23,047 to €25,354
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 | €581,939 | €308,972 | -€272,967 | -46.9% |
| Fixed assets | 21/28 | €118,312 | €97,135 | -€21,177 | -17.9% |
| Intangible fixed assets | 21 | €46,250 | €31,250 | -€15,000 | -32.4% |
| Tangible fixed assets | 22/27 | €71,162 | €64,985 | -€6,177 | -8.7% |
| Land and buildings | 22 | €65,543 | €58,823 | -€6,720 | -10.3% |
| Furniture and vehicles | 24 | €5,619 | €6,162 | +€543 | +9.7% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €463,627 | €211,837 | -€251,790 | -54.3% |
| Stocks and contracts in progress | 3 | €308,936 | - | -€308,936 | |
| Stocks | 30/36 | €308,936 | - | -€308,936 | |
| Amounts receivable within one year | 40/41 | €98,666 | €23,093 | -€75,573 | -76.6% |
| Trade receivables | 40 | €97,689 | €19,975 | -€77,714 | -79.6% |
| Other amounts receivable | 41 | €977 | €3,118 | +€2,141 | +219% |
| Cash at bank and in hand | 54/58 | €55,231 | €187,920 | +€132,689 | +240% |
| Deferred charges and accrued income | 490/1 | €793 | €824 | +€31 | +3.9% |
| Total equity and liabilities | 10/49 | €581,939 | €308,972 | -€272,967 | -46.9% |
| Equity | 10/15 | €138,271 | €109,419 | -€28,852 | -20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,965 | €96,113 | -€28,852 | -23.1% |
| Distributable reserves | 133 | €124,965 | €96,113 | -€28,852 | -23.1% |
| Profit (loss) carried forward | 14 | €906 | €906 | = | 0.0% |
| Amounts payable | 17/49 | €443,668 | €199,553 | -€244,115 | -55.0% |
| Amounts payable after more than one year | 17 | €28,370 | €24,273 | -€4,097 | -14.4% |
| Financial debts | 170/4 | €28,370 | €24,273 | -€4,097 | -14.4% |
| Amounts payable within one year | 42/48 | €415,298 | €175,280 | -€240,018 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €262,883 | €4,097 | -€258,786 | -98.4% |
| Trade debts | 44 | €9,146 | €8,673 | -€474 | -5.2% |
| Suppliers | 440/4 | €9,146 | €8,673 | -€474 | -5.2% |
| Taxes, remuneration and social security | 45 | €21,141 | €11,747 | -€9,394 | -44.4% |
| Taxes | 450/3 | €21,141 | €11,170 | -€9,971 | -47.2% |
| Remuneration and social security | 454/9 | - | €577 | +€577 | |
| Other amounts payable | 47/48 | €122,128 | €150,764 | +€28,636 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,047 | €25,354 | +€2,307 | +10.0% |
| Other operating charges | 640/8 | €1,154 | €1,350 | +€195 | +16.9% |
| Gross operating margin | 9900 | €32,458 | €88,024 | +€55,566 | +171% |
| Operating profit (loss) | 9901 | €8,257 | €61,320 | +€53,064 | +643% |
| Financial income | 75/76B | €457 | €785 | +€329 | +72.0% |
| Recurring financial income | 75 | €457 | €785 | +€329 | +72.0% |
| Financial charges | 65/66B | €6,955 | €14,733 | +€7,778 | +112% |
| Recurring financial charges | 65 | €6,955 | €14,733 | +€7,778 | +112% |
| Profit (loss) for the period before taxes | 9903 | €1,758 | €47,373 | +€45,615 | +2,595% |
| Income taxes | 67/77 | €852 | €16,145 | +€15,293 | +1,795% |
| Profit (loss) for the period | 9904 | €906 | €31,228 | +€30,322 | +3,347% |
| Profit (loss) for the period to be appropriated | 9905 | €906 | €31,228 | +€30,322 | +3,347% |
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 16 October 2026 via checked.be.