AVAP Studio: 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.
AVAP Studio
Largest movements
- Cash -€21,322
down €21,322 (-89.4%), from €23,840 to €2,519
mainly Net result for the year (-€24,257) and Tax, wage and social debts (-€12,067)
- Tangible fixed assets -€4,325
down €4,325 (-31.4%), from €13,757 to €9,432
- Receivables within one year -€438
no longer reported in 2025 (was €438)
- Profit (loss) carried forward -€24,257
down €24,257 (-263.4%), from -€9,209 to -€33,465
- Tax, wage and social debts -€12,067
down €12,067 (-72.2%), from €16,715 to €4,648
- Other debts +€8,743
up €8,743 (+428.3%), from €2,041 to €10,784
- Trade debts +€1,266
up €1,266 (+305.3%), from €415 to €1,680
- Gross operating margin -€14,094
down €14,094 (-267.6%), from -€5,266 to -€19,359
- Depreciation +€782
up €782 (+22.1%), from €3,543 to €4,325
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.
Cash bridge derived
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 | €39,562 | €13,247 | -€26,315 | -66.5% |
| Fixed assets | 21/28 | €13,757 | €9,432 | -€4,325 | -31.4% |
| Tangible fixed assets | 22/27 | €13,757 | €9,432 | -€4,325 | -31.4% |
| Furniture and vehicles | 24 | €13,757 | €9,432 | -€4,325 | -31.4% |
| Current assets | 29/58 | €25,805 | €3,815 | -€21,990 | -85.2% |
| Amounts receivable within one year | 40/41 | €438 | - | -€438 | |
| Trade receivables | 40 | €438 | - | -€438 | |
| Cash at bank and in hand | 54/58 | €23,840 | €2,519 | -€21,322 | -89.4% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,297 | -€230 | -15.1% |
| Total equity and liabilities | 10/49 | €39,562 | €13,247 | -€26,315 | -66.5% |
| Equity | 10/15 | €20,391 | -€3,865 | -€24,257 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,600 | €27,600 | = | 0.0% |
| Distributable reserves | 133 | €27,600 | €27,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,209 | -€33,465 | -€24,257 | -263.4% |
| Amounts payable | 17/49 | €19,171 | €17,113 | -€2,058 | -10.7% |
| Amounts payable within one year | 42/48 | €19,171 | €17,113 | -€2,058 | -10.7% |
| Trade debts | 44 | €415 | €1,680 | +€1,266 | +305.3% |
| Suppliers | 440/4 | €415 | €1,680 | +€1,266 | +305.3% |
| Taxes, remuneration and social security | 45 | €16,715 | €4,648 | -€12,067 | -72.2% |
| Taxes | 450/3 | €16,715 | €4,648 | -€12,067 | -72.2% |
| Other amounts payable | 47/48 | €2,041 | €10,784 | +€8,743 | +428.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,543 | €4,325 | +€782 | +22.1% |
| Other operating charges | 640/8 | €267 | €275 | +€8 | +3.0% |
| Gross operating margin | 9900 | -€5,266 | -€19,359 | -€14,094 | -267.6% |
| Operating profit (loss) | 9901 | -€9,076 | -€23,960 | -€14,884 | -164.0% |
| Financial charges | 65/66B | €62 | €165 | +€103 | +167.9% |
| Recurring financial charges | 65 | €62 | €165 | +€103 | +167.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,138 | -€24,125 | -€14,987 | -164.0% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€9,266 | -€24,257 | -€14,991 | -161.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,266 | -€24,257 | -€14,991 | -161.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.