AVANTIS: 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.
AVANTIS
Largest movements
- Receivables within one year -€47,072
down €47,072 (-17.9%), from €262,711 to €215,639
of which Trade receivables: -€37,324
- Stocks and contracts +€39,341
up €39,341 (+8.8%), from €448,983 to €488,325
- Tangible fixed assets +€24,168
up €24,168 (+20.6%), from €117,378 to €141,546
of which Furniture and vehicles: +€42,706
- Intangible fixed assets -€10,866
down €10,866 (-29.8%), from €36,450 to €25,584
- Reserves +€109,375
up €109,375 (+34.1%), from €320,354 to €429,729
of which Distributable reserves: +€109,375
- Trade debts -€62,178
down €62,178 (-42.1%), from €147,773 to €85,594
- Current portion of long-term debt -€31,102
down €31,102 (-61.1%), from €50,945 to €19,843
- Gross operating margin +€44,570
up €44,570 (+13.0%), from €343,253 to €387,824
- Staff costs -€40,704
down €40,704 (-16.3%), from €249,324 to €208,620
- Financial charges -€8,433
down €8,433 (-28.9%), from €29,150 to €20,716
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €971,839 | €975,035 | +€3,196 | +0.3% |
| Fixed assets | 21/28 | €153,828 | €167,130 | +€13,302 | +8.6% |
| Intangible fixed assets | 21 | €36,450 | €25,584 | -€10,866 | -29.8% |
| Tangible fixed assets | 22/27 | €117,378 | €141,546 | +€24,168 | +20.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €11,735 | €10,515 | -€1,219 | -10.4% |
| Furniture and vehicles | 24 | €23,575 | €66,281 | +€42,706 | +181.2% |
| Leasing and similar rights | 25 | €22,727 | €14,282 | -€8,445 | -37.2% |
| Other tangible fixed assets | 26 | €59,342 | €50,467 | -€8,874 | -15.0% |
| Current assets | 29/58 | €818,011 | €807,905 | -€10,106 | -1.2% |
| Stocks and contracts in progress | 3 | €448,983 | €488,325 | +€39,341 | +8.8% |
| Stocks | 30/36 | €448,983 | €488,325 | +€39,341 | +8.8% |
| Amounts receivable within one year | 40/41 | €262,711 | €215,639 | -€47,072 | -17.9% |
| Trade receivables | 40 | €198,575 | €161,251 | -€37,324 | -18.8% |
| Other amounts receivable | 41 | €64,136 | €54,388 | -€9,748 | -15.2% |
| Cash at bank and in hand | 54/58 | €99,423 | €95,604 | -€3,819 | -3.8% |
| Deferred charges and accrued income | 490/1 | €6,894 | €8,338 | +€1,445 | +21.0% |
| Total equity and liabilities | 10/49 | €971,839 | €975,035 | +€3,196 | +0.3% |
| Equity | 10/15 | €341,072 | €450,447 | +€109,375 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320,354 | €429,729 | +€109,375 | +34.1% |
| Tax-exempt reserves | 132 | €20,953 | €20,953 | = | 0.0% |
| Distributable reserves | 133 | €299,402 | €408,776 | +€109,375 | +36.5% |
| Profit (loss) carried forward | 14 | €2,118 | €2,118 | = | 0.0% |
| Amounts payable | 17/49 | €630,767 | €524,588 | -€106,178 | -16.8% |
| Amounts payable after more than one year | 17 | €375,858 | €382,109 | +€6,251 | +1.7% |
| Financial debts | 170/4 | €375,858 | €382,109 | +€6,251 | +1.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €245,743 | €141,972 | -€103,771 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €50,945 | €19,843 | -€31,102 | -61.1% |
| Trade debts | 44 | €147,773 | €85,594 | -€62,178 | -42.1% |
| Suppliers | 440/4 | €147,773 | €85,594 | -€62,178 | -42.1% |
| Advances received on contracts in progress | 46 | €6,500 | €0 | -€6,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €40,526 | €36,535 | -€3,990 | -9.8% |
| Taxes | 450/3 | €5,796 | €9,438 | +€3,642 | +62.8% |
| Remuneration and social security | 454/9 | €34,730 | €27,097 | -€7,633 | -22.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €9,166 | €507 | -€8,659 | -94.5% |
| Non-recurring operating income | 76A | €62,598 | €0 | -€62,598 | -100.0% |
| Remuneration, social security and pensions | 62 | €249,324 | €208,620 | -€40,704 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,827 | €42,793 | +€1,967 | +4.8% |
| Other operating charges | 640/8 | €4,806 | €7,428 | +€2,622 | +54.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €343,253 | €387,824 | +€44,570 | +13.0% |
| Operating profit (loss) | 9901 | €48,297 | €128,983 | +€80,686 | +167.1% |
| Financial income | 75/76B | €405 | €1,250 | +€845 | +208.6% |
| Recurring financial income | 75 | €405 | €1,250 | +€845 | +208.6% |
| Financial charges | 65/66B | €29,150 | €20,716 | -€8,433 | -28.9% |
| Recurring financial charges | 65 | €29,150 | €20,716 | -€8,433 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €19,553 | €109,516 | +€89,964 | +460.1% |
| Income taxes | 67/77 | €1,905 | €142 | -€1,763 | -92.6% |
| Profit (loss) for the period | 9904 | €17,648 | €109,375 | +€91,727 | +519.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,648 | €109,375 | +€91,727 | +519.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.