Avantino: 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.
Avantino
Largest movements
- Cash +€85,100
up €85,100 (+200%), from €42,478 to €127,578
mainly Investment in fixed assets (net) (+€73,638) and Net result for the year (+€35,220)
- Financial fixed assets -€67,315
no longer reported in 2025 (was €67,315)
- Tangible fixed assets -€27,554
down €27,554 (-5.8%), from €472,852 to €445,298
of which Land and buildings: -€15,569
- Receivables within one year -€20,475
down €20,475 (-46.1%), from €44,456 to €23,981
of which Other amounts receivable: -€22,479
- Current portion of long-term debt -€45,073
down €45,073 (-95.6%), from €47,129 to €2,056
- Tax, wage and social debts +€12,732
up €12,732 (+488%), from €2,607 to €15,339
of which Taxes: +€12,840
- Advances received -€8,168
no longer reported in 2025 (was €8,168)
- Staff costs -€39,596
down €39,596, from €39,488 to -€108
- Gross operating margin -€27,650
down €27,650 (-25.3%), from €109,345 to €81,695
- Financial income -€8,642
no longer reported in 2025 (was €8,642)
- Depreciation -€7,940
down €7,940 (-27.2%), from €29,171 to €21,231
- Financial charges +€5,871
up €5,871 (+310%), from €1,895 to €7,766
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 | €628,353 | €597,470 | -€30,883 | -4.9% |
| Fixed assets | 21/28 | €540,167 | €445,298 | -€94,869 | -17.6% |
| Tangible fixed assets | 22/27 | €472,852 | €445,298 | -€27,554 | -5.8% |
| Land and buildings | 22 | €451,077 | €435,508 | -€15,569 | -3.5% |
| Plant, machinery and equipment | 23 | €7,699 | €5,900 | -€1,799 | -23.4% |
| Furniture and vehicles | 24 | €14,076 | €3,890 | -€10,186 | -72.4% |
| Financial fixed assets | 28 | €67,315 | - | -€67,315 | |
| Current assets | 29/58 | €88,185 | €152,172 | +€63,987 | +72.6% |
| Amounts receivable within one year | 40/41 | €44,456 | €23,981 | -€20,475 | -46.1% |
| Trade receivables | 40 | €21,977 | €23,981 | +€2,004 | +9.1% |
| Other amounts receivable | 41 | €22,479 | - | -€22,479 | |
| Cash at bank and in hand | 54/58 | €42,478 | €127,578 | +€85,100 | +200% |
| Deferred charges and accrued income | 490/1 | €1,251 | €613 | -€638 | -51.0% |
| Total equity and liabilities | 10/49 | €628,353 | €597,470 | -€30,883 | -4.9% |
| Equity | 10/15 | €136,582 | €141,802 | +€5,220 | +3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,969 | €2,969 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,969 | €2,969 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €2,969 | €2,969 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €33,613 | €38,833 | +€5,220 | +15.5% |
| Amounts payable | 17/49 | €491,771 | €455,668 | -€36,103 | -7.3% |
| Amounts payable after more than one year | 17 | €322,899 | €327,237 | +€4,338 | +1.3% |
| Financial debts | 170/4 | €322,899 | €327,237 | +€4,338 | +1.3% |
| Amounts payable within one year | 42/48 | €168,872 | €128,431 | -€40,441 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €47,129 | €2,056 | -€45,073 | -95.6% |
| Trade debts | 44 | €431 | €3,309 | +€2,878 | +668% |
| Suppliers | 440/4 | €431 | €3,309 | +€2,878 | +668% |
| Advances received on contracts in progress | 46 | €8,168 | - | -€8,168 | |
| Taxes, remuneration and social security | 45 | €2,607 | €15,339 | +€12,732 | +488% |
| Taxes | 450/3 | €2,499 | €15,339 | +€12,840 | +514% |
| Remuneration and social security | 454/9 | €108 | - | -€108 | |
| Other amounts payable | 47/48 | €110,537 | €107,727 | -€2,810 | -2.5% |
| Remuneration, social security and pensions | 62 | €39,488 | -€108 | -€39,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,171 | €21,231 | -€7,940 | -27.2% |
| Other operating charges | 640/8 | €3,361 | €4,106 | +€745 | +22.2% |
| Gross operating margin | 9900 | €109,345 | €81,695 | -€27,650 | -25.3% |
| Operating profit (loss) | 9901 | €37,324 | €56,466 | +€19,142 | +51.3% |
| Financial income | 75/76B | €8,642 | - | -€8,642 | |
| Recurring financial income | 75 | €8,642 | - | -€8,642 | |
| Financial charges | 65/66B | €1,895 | €7,766 | +€5,871 | +310% |
| Recurring financial charges | 65 | €1,895 | €7,766 | +€5,871 | +310% |
| Profit (loss) for the period before taxes | 9903 | €44,071 | €48,700 | +€4,629 | +10.5% |
| Income taxes | 67/77 | €12,397 | €13,480 | +€1,083 | +8.7% |
| Profit (loss) for the period | 9904 | €31,675 | €35,220 | +€3,545 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,675 | €35,220 | +€3,545 | +11.2% |
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 28 October 2026 via checked.be.