AVANTRI: 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.
AVANTRI
Largest movements
- Cash +€104,157
up €104,157 (+277%), from €37,593 to €141,749
mainly Net result for the year (+€65,420) and Receivables within one year (+€18,986)
- Receivables within one year -€18,986
down €18,986 (-71.9%), from €26,403 to €7,417
of which Other amounts receivable: -€26,403
- Stocks and contracts -€7,204
down €7,204 (-14.0%), from €51,524 to €44,319
- Intangible fixed assets -€3,383
down €3,383 (-39.5%), from €8,564 to €5,181
- Profit (loss) carried forward +€41,816
up €41,816, from -€41,816 to €0
- Reserves +€23,603
new in 2025: €23,603
- Tax, wage and social debts +€7,200
up €7,200 (+156%), from €4,624 to €11,824
- Trade debts +€2,971
up €2,971 (+574%), from €517 to €3,488
- Gross operating margin +€65,627
up €65,627 (+655%), from €10,026 to €75,653
- Taxes +€5,923
new in 2025: €5,923
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 | €124,084 | €198,667 | +€74,583 | +60.1% |
| Fixed assets | 21/28 | €8,564 | €5,181 | -€3,383 | -39.5% |
| Intangible fixed assets | 21 | €8,564 | €5,181 | -€3,383 | -39.5% |
| Current assets | 29/58 | €115,520 | €193,486 | +€77,966 | +67.5% |
| Stocks and contracts in progress | 3 | €51,524 | €44,319 | -€7,204 | -14.0% |
| Stocks | 30/36 | €51,524 | €44,319 | -€7,204 | -14.0% |
| Amounts receivable within one year | 40/41 | €26,403 | €7,417 | -€18,986 | -71.9% |
| Trade receivables | 40 | €0 | €7,417 | +€7,417 | |
| Other amounts receivable | 41 | €26,403 | €0 | -€26,403 | -100% |
| Cash at bank and in hand | 54/58 | €37,593 | €141,749 | +€104,157 | +277% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €124,084 | €198,667 | +€74,583 | +60.1% |
| Equity | 10/15 | -€16,816 | €48,603 | +€65,420 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €23,603 | +€23,603 | |
| Distributable reserves | 133 | - | €23,603 | +€23,603 | |
| Profit (loss) carried forward | 14 | -€41,816 | €0 | +€41,816 | |
| Amounts payable | 17/49 | €140,900 | €150,064 | +€9,164 | +6.5% |
| Amounts payable within one year | 42/48 | €140,488 | €150,064 | +€9,576 | +6.8% |
| Trade debts | 44 | €517 | €3,488 | +€2,971 | +574% |
| Suppliers | 440/4 | €517 | €3,488 | +€2,971 | +574% |
| Advances received on contracts in progress | 46 | €739 | €0 | -€739 | -100% |
| Taxes, remuneration and social security | 45 | €4,624 | €11,824 | +€7,200 | +156% |
| Taxes | 450/3 | €4,624 | €11,824 | +€7,200 | +156% |
| Other amounts payable | 47/48 | €134,607 | €134,751 | +€144 | +0.1% |
| Accrued charges and deferred income | 492/3 | €412 | €0 | -€412 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,383 | €3,383 | +€0 | 0.0% |
| Other operating charges | 640/8 | €888 | €823 | -€65 | -7.3% |
| Gross operating margin | 9900 | €10,026 | €75,653 | +€65,627 | +655% |
| Operating profit (loss) | 9901 | €5,756 | €71,447 | +€65,692 | +1,141% |
| Financial charges | 65/66B | €25 | €105 | +€80 | +321% |
| Recurring financial charges | 65 | €25 | €105 | +€80 | +321% |
| Profit (loss) for the period before taxes | 9903 | €5,731 | €71,343 | +€65,612 | +1,145% |
| Income taxes | 67/77 | - | €5,923 | +€5,923 | |
| Profit (loss) for the period | 9904 | €5,731 | €65,420 | +€59,689 | +1,042% |
| Profit (loss) for the period to be appropriated | 9905 | €5,731 | €65,420 | +€59,689 | +1,042% |
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 21 October 2026 via checked.be.